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Android
3rd September 2009, 13:17
Holy cow.........

Steadfast
3rd September 2009, 13:20
Wooohooo!
I found out why!

Its China!

Two days ago they started running tv adds pushing physical silver!

Check it out!

http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail

cowboycarl04
3rd September 2009, 13:32
Hong Kong also took physical delivery of millions in gold bullion from the London Bank. Their goal is to actually prove they have gold and to start another place, in Asia, for those sick of the US and UK practices for central banks to store bullion.

http://www.marketwatch.com/story/hong-kong-recalls-gold-reserves-from-london-2009-09-03

ryshay
3rd September 2009, 13:34
This action is amazing. Silver = $16.17. Gold = $995.

Do you think Gold $1000 is going to happen today?

ccjoe
3rd September 2009, 13:34
Wooohooo!
I found out why!

Its China!

Two days ago they started running tv adds pushing physical silver!

Check it out!

http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail

It's ME stead! China read my posts about the tv ads producing runs of silver in the U.S. and they copied my idea for their consumers.

Steadfast
3rd September 2009, 13:48
The china run,
would explain why the dollar is still uneffected...

Wow!

Argentum
3rd September 2009, 13:49
I would think gold will hold off of on the 1k mark.... just to political.... will have to see what the jobs numbers are tomorrow. If they are low.... look out. Gold with go higher.

The jobs number is key to the inflation fears. More folks working mean inflation is coming... and that means higher gold to hedge.

Of course there is the dollar component. But I think it's about the inflation hedge today.

The China play IS going to come to term, just not yet. And THAT makes me even MORE bullish.

Steadfast
3rd September 2009, 15:31
Roughly one fifth of the world's population just got permission to buy gold and silver for the first time in over 60 years!

Thus, this Chinese boom is a LOOONG way from becoming over bought too.
Simply because there are so many chinese who have never bought PMs before!

Think of it!

and the India factor is only a week away...

yup, Lady Liberty just got bit in the rear by the Dragon!

Steadfast
3rd September 2009, 15:39
The big four bansters must be pooping in their pants...right now!

HA HA!

ccjoe
3rd September 2009, 15:39
Anybody have any courses in Mandarin?:)

of one mine
3rd September 2009, 15:40
HI, If the chinese buy as much for personal use as we do the price would double over time. THis would stabilize the price of silver to what like 28-30 dollars and ounce or more? Is this somewhat close to the scenario we would be looking at long term? If so Im glad I decided to buy 70+ more ounces

Of one mine

Steadfast
3rd September 2009, 15:44
long term?

toss in double digit inflation...
and then, look out for around $100/oz in a few years.

Steadfast
3rd September 2009, 15:49
Anybody have any "songs" in Mandarin?:)

"Derk de hawrs with bars of hawrry....
Faa,ra,ra,ra,raaa...ra,ra....ra...raaaa!

skijake
3rd September 2009, 16:09
"Derk de hawrs with bars of hawrry....
Faa,ra,ra,ra,raaa...ra,ra....ra...raaaa!

That's just wrong,,,,but so good!;)

of one mine
3rd September 2009, 16:18
Long term, being like a year or longer were still going to be in the 2nd half of recession. Which is why I think it could take that route if the pace of the economy stays the same or levels off. You cant buy it unless you already have the dough-nuts. Silver just gets sweeter and sweeter.
LOL

of one mine
3rd September 2009, 16:22
[quote=of one mine;69003]Long term, being like a year or longer were still going to be in the 2nd half of recession. Which is why I think it could take that route if the pace of the economy stays the same or levels off. You cant buy it unless you already have the dough-nuts. Silver just gets sweeter and sweeter.
LOL

[Frankly my dear I dont give a bar! /quote]

Myllδri
3rd September 2009, 16:23
Anybody have any courses in Mandarin?:)

Rosetta Stone is decent, but be forewarned! Mandarin is very difficult for native English speakers to learn primarily due to the fact that there are thousands of different dialects used thoughout China. One sentence may mean one thing in Beijing and mean something totally different in Cheng Du. I've studied this language and it is tough, WERD...

Munster_PM
3rd September 2009, 16:23
"Derk de hawrs with bars of hawrry....
Faa,ra,ra,ra,raaa...ra,ra....ra...raaaa!

Thats classic stead...haaaaa haaaaaa haaaaaa.

LETMYSILVERGO
3rd September 2009, 16:33
We Are All So Un Doombed !!!!!

digger
3rd September 2009, 16:43
"Derk de hawrs with bars of hawrry....
Faa,ra,ra,ra,raaa...ra,ra....ra...raaaa!

ROR...ROR...ROR

MasterQ
3rd September 2009, 16:51
ROR...ROR...ROR

Ok that put me into tears!!!!

:mrgreen::mrgreen::mrgreen::mrgreen:

Android
3rd September 2009, 17:29
"Derk de hawrs with bars of hawrry....
Faa,ra,ra,ra,raaa...ra,ra....ra...raaaa!

Holy crap.....I just fell out of my chair! Hilarious!

maplesilverbug
3rd September 2009, 20:15
Anybody have any courses in Mandarin?:)

About...mmmm....15 years ago my mother (of all people!) told me I should learn Chinese because they were going to be the world's big new power player. I know a lot of Chinese people, but very little Chinese. Shoulda listened to ma!

btw -- much, MUCH easier to learn how to write Chinese than to speak it.

But...I would think PM's have their own Universal language ;)

Burticus
4th September 2009, 00:04
Raffing out roud too! Ah sooo...

This is onry the rift off, a crassic breakout of a pennant pattern in the direction of the rong-term trend. Next comes orbit, then the moon. By the end of next year, we will be rooking back at 20 FRN silver and 1,000 FRN gold with nostalgia.

My (silver-hoarding-even-more-than-me) CPA partner and I were watching the spikes in gold 'n silver prices yesterday and today and noticed the USD index was virtually unchanged.

But when I peeked in my gun cabinet tonight, I noticed that my stacks of 100 ounce bars and monster boxes of coins looked the same as last month. The point is that real silver doesn't change. Only the fiat paper/electron currencies do, and they will all meet their inevitable fate of plummeting to their intrinsic value of ZERO, as history repeats.

When stocks and debt paper (FRN, treasuries and bonds) are vaporized, gold and silver will be the only things left standing amidst the crispy critters in the twisted smoking wreckage.

The bad part is that the collapse of the FRN$ and other counterfeit play money could signal the end civilized society as we know it. Time to go seriously long on steel, lead and food, if you have not done so already. The zombie apocalypse will begin when the cities become like stomped fire ant mounds.

Rots o' ruck, Mr. Ree!

Steadfast
4th September 2009, 08:32
Raffing out roud too! Ah sooo...

This is onry the rift off, a crassic breakout of a pennant pattern in the direction of the rong-term trend. Next comes orbit, then the moon. By the end of next year, we will be rooking back at 20 FRN silver and 1,000 FRN gold with nostalgia.

My (silver-hoarding-even-more-than-me) CPA partner and I were watching the spikes in gold 'n silver prices yesterday and today and noticed the USD index was virtually unchanged.

But when I peeked in my gun cabinet tonight, I noticed that my stacks of 100 ounce bars and monster boxes of coins looked the same as last month. The point is that real silver doesn't change. Only the fiat paper/electron currencies do, and they will all meet their inevitable fate of plummeting to their intrinsic value of ZERO, as history repeats.

When stocks and debt paper (FRN, treasuries and bonds) are vaporized, gold and silver will be the only things left standing amidst the crispy critters in the twisted smoking wreckage.

The bad part is that the collapse of the FRN$ and other counterfeit play money could signal the end civilized society as we know it. Time to go seriously long on steel, lead and food, if you have not done so already. The zombie apocalypse will begin when the cities become like stomped fire ant mounds.

Rots o' ruck, Mr. Ree!

And in the midst of all, there will be people like me, voices crying out in the wilderness, preaching Jesus in the twisted smoking wreckage, and His salvation found through obedience to Acts 2:38...

Because THAT will prove to be far more real then silver and gold ever will... ;)

For, bottom line, a Spirit filled relationship with Jesus will be the only thing left standing amidst the crispy critters, who hoped vainly in only their bars of silver and gold alone, begging God to "let us in", standing before the smoking glory of the Judgement seat of Christ.

My friends, having Gold in hard times is great, but having God is far FAR Better!

Me, I like having both... :D

ccjoe
4th September 2009, 09:56
And in the midst of all, there will be people like me, voices crying out in the wilderness, preaching Jesus in the twisted smoking wreckage, and His salvation found through obedience to Acts 2:38...

Because THAT will prove to be far more real then silver and gold ever will... ;)

For, bottom line, a Spirit filled relationship with Jesus will be the only thing left standing amidst the crispy critters, who hoped vainly in only their bars of silver and gold alone, begging God to "let us in", standing before the smoking glory of the Judgement seat of Christ.

My friends, having Gold in hard times is great, but having God is far FAR Better!

Me, I like having both... :D
I'm with you Stead!
Every day I get up at 3 and have iced coffee and 0 sugar soy milk and keep track of how long it takes me to say "Thank you God!" Usually not very but as I lift my head up from sleeping.
All during my hours of working out every day I say thank you god and on and on it goes.
I do want to own millions in silver though:) Is that a sin Stead?

maplesilverbug
4th September 2009, 10:16
My friends, having Gold in hard times is great, but having God is far FAR Better!

What about all the BILLIONS of Chinese who don't believe in "God"? Are they wrong? They seem to do just fine believing in only gold. Time will only tell how they do against a God-fueled country such as America.

Me, I say a gun trumps BOTH god and gold! Not that it's a good thing, just reality.

p.s. -- silver still over $16. :)

Steadfast
4th September 2009, 10:51
I'm with you Stead!
Every day I get up at 3 and have iced coffee and 0 sugar soy milk and keep track of how long it takes me to say "Thank you God!" Usually not very but as I lift my head up from sleeping.
All during my hours of working out every day I say thank you god and on and on it goes.
I do want to own millions in silver though:) Is that a sin Stead?

Not if God is first in your life...
Not if you realized all the gold and silver you have belongs to God first...
Not if your ownership of silver, does not own you... or come between you and God.

BTW: As some of you know, I am a minister/Street preacher.
Soooo, I just could NOT resist responding to Burticus' comment...
After all, it...begged...on...bended...knee... for it. :rolleyes:

He he he...

Steadfast
4th September 2009, 10:55
What about all the BILLIONS of Chinese who don't believe in "God"? Are they wrong? They seem to do just fine believing in only gold. Time will only tell how they do against a God-fueled country such as America.

Me, I say a gun trumps BOTH god and gold! Not that it's a good thing, just reality.


"reality?"
friend, You will need far more answers then one post could ever state...
Pm me...


p.s. -- silver still over $16. :)
WOOOHOOO!
I hope we soon see $33!
Bring it on Lord!

Katwoman
4th September 2009, 11:05
[QUOTE=maplesilverbug;69029]About...mmmm....15 years ago my mother (of all people!) told me I should learn Chinese because they were going to be the world's big new power player. I know a lot of Chinese people, but very little Chinese. Shoulda listened to ma!

btw -- much, MUCH easier to learn how to write Chinese than to speak it.


The Chinese will only be as successful as their foreign and domestic policies allow them to become. As of right now they are limited by their own domestic policies which do not reward personal success and the entrepreneurial spirit as well as capitalism does. If we stopped buying their products and they only had themselves and other communist countries to sell their products to their prosperity would dwindle quickly. And we if anyone should now how this works as we are now seeing first hand how our own move toward a socialist/communist domestic policy is destroying our economy.

Steadfast
4th September 2009, 11:22
The Chinese will only be as successful as their foreign and domestic policies allow them to become. As of right now they are limited by their own domestic policies which do not reward personal success and the entrepreneurial spirit as well as capitalism does. If we stopped buying their products and they only had themselves and other communist countries to sell their products to their prosperity would dwindle quickly. And we if anyone should now how this works as we are now seeing first hand how our own move toward a socialist/communist domestic policy is destroying our economy.

Bravo!
Well said!

Now, if the Chinese decide to start suddenly selling off their American bonds and equities...
We will KNOW that the dollar, and our nation, is under full assault!

MiloMorai
4th September 2009, 12:41
And in the midst of all, there will be people like me, voices crying out in the wilderness, preaching Jesus in the twisted smoking wreckage, and His salvation found through obedience to Acts 2:38...

Because THAT will prove to be far more real then silver and gold ever will... ;)

For, bottom line, a Spirit filled relationship with Jesus will be the only thing left standing amidst the crispy critters, who hoped vainly in only their bars of silver and gold alone, begging God to "let us in", standing before the smoking glory of the Judgement seat of Christ.

My friends, having Gold in hard times is great, but having God is far FAR Better!

Me, I like having both... :D


Exellent choice cool brother :cool:
Hey that goes with my signature, Just say yes.

Burticus
5th September 2009, 01:04
Not if God is first in your life...
Not if you realized all the gold and silver you have belongs to God first...
Not if your ownership of silver, does not own you... or come between you and God.

BTW: As some of you know, I am a minister/Street preacher.
Soooo, I just could NOT resist responding to Burticus' comment...
After all, it...begged...on...bended...knee... for it. :rolleyes:

He he he...

I myself am a deeply spiritual man who prays every day. I wish all the people in the world were honest, loving and God-fearing. Unfortunately, this is not the case and never has been.

When the financial system and economy collapse, Satan's agents will be loosed on society and many innocent people will suffer and die. I can only hope that my various fanatical advance preparations will help my loved ones and as many other innocent people as possible avoid this fate. May my silver and food (and doomsday seed bank) be multiplied like the loaves and fishes and my firearms become the avenging swords of God's justice.

silverheartbone
6th September 2009, 18:25
$16.30 @ 18:24

ccjoe
6th September 2009, 18:32
$16.30 @ 18:24

I just posted on my first thread that silver is out of the box up .08.
Maybe maple will not be so quick to make fun at us true believers.
I love it how these naysayers like duney and maple laugh (his term) at me for thinking this could be the beginning of something huge. I gave proof and he just misquoted and laughed and then said I should be more thin skin. So I guess I have to think like him and NOW behave like maple:) Sounds like we have duney back here:)

Relayer
6th September 2009, 19:18
And from my view (intraday) it looks like silver is trying to find a base $16-$16.25. It was 10AM Thursday when silver first broke $16. IMO another day or two of sideways movement would be ideal preparation for $18.20 which is where this move may top out. I think there is the possibility for it to overshoot this target and then correct in the $18 range. What would be the catalyst for such a move? Even though the dollar has not played much of a roll in last weeks move, should the dollar break down at this point in time (and it is presently sitting at support 78-77) , I think it would propel the PM's even higher than most are thinking.

The key may be resistance at $16.55. When its taken out.....$18 is right there.

maplesilverbug
6th September 2009, 19:42
I just posted on my first thread that silver is out of the box up .08. Maybe maple will not be so quick to make fun at us true believers.

I, not a "true believer"!?! For shame!
Gotta tell ya, though, an $0.08 rise does not make a $100 spot.
(oop! I mean $0.00 at the time of THIS posting!)



I love it how these naysayers like duney and maple laugh (his term) at me for thinking this could be the beginning of something huge.

I love how people are absolutely certain an event will absolutely take place when it is based on their "thinking" and believing and hoping and wishing.



I gave proof and he just misquoted and laughed and then said I should be more thin skin.

Firstly, exactly how did I "misquote" you?

Secondly, where is the PROOF silver will have a "meteoric" "something huge" blast-off to $100?!?

WHERE?!?! SHOW ME EMPIRICAL PROOF!!!

ccjoe
6th September 2009, 19:54
I, not a "true believer"!?! For shame!
Gotta tell ya, though, an $0.08 rise does not make a $100 spot.
(oop! I mean $0.00 at the time of THIS posting!)




I love how people are absolutely certain an event will absolutely take place when it is based on their "thinking" and believing and hoping and wishing.




Firstly, exactly how did I "misquote" you?

Secondly, where is the PROOF silver will have a "meteoric" "something huge" blast-off to $100?!?

WHERE?!?! SHOW ME EMPIRICAL PROOF!!!

Kinda thin skinned there Maple:)

maplesilverbug
6th September 2009, 20:35
Kinda thin skinned there Maple:)

Kinda...no, very unoriginal there, joe.

Still waiting for my proof...

SeekrBrnEvryMin
6th September 2009, 20:44
Speaking of Duney, I was looking for old guidance from Prospector, and there were some old posts of Duneyman's. Under his name, it said, "Banned."

There seemed a strange finality to all this, like some kid's first dog just died.

So I did the best thing I could think of to do and got another cold beer. Then wondered a bit.

DaleFromCalgary
6th September 2009, 20:46
Re: blips in the price of silver. It'll be nice if it happens but I'll stick to my written plan: buy gold and silver and put it away for twenty years. If I don't need it in my old age, it will be a nice legacy for the kids.

In other words, don't obsess about the daily price fluctuations. Focus on the fundamentals, not head-and-shoulders, wedges, and other pattern-seeking stuff that technicians like to do.

Relayer
6th September 2009, 20:50
Testing a support level at $16.15-$16.10.

Important support level at $16-$15.90.
A move below $15.85 would open the door to $15.55

LETMYSILVERGO
6th September 2009, 22:00
Close The "bl0ody" Door !!

Relayer
6th September 2009, 22:17
Good one! LOL!!!

JesterJay
7th September 2009, 02:35
Why not support at $16.17-16.21?
Or a move below 15.79 opening the door to 14.64?
Why? Or not? Where do these imaginary support and breakout levels come from?
Spot is NOT!
JesterJay



Testing a support level at $16.15-$16.10.

Important support level at $16-$15.90.
A move below $15.85 would open the door to $15.55

Relayer
7th September 2009, 03:10
Ahhh jesterjay! Its all in the magical chart. And now after 6 hours of probing $16.15 the fairy elves are taking us up, up, and away!!

JesterJay
7th September 2009, 03:41
Or whatever you call it.
When will it top $20?
I need to cash in some silver to pay a bill in the next year. When will be the best time oh "Knower of all things silver"?
Read the Magic Chart for me!
Spot may be soon,
JesterJay



Ahhh jesterjay! Its all in the magical chart. And now after 6 hours of probing $16.15 the fairy elves are taking us up, up, and away!!

ccjoe
7th September 2009, 05:47
Or whatever you call it.
When will it top $20?
I need to cash in some silver to pay a bill in the next year. When will be the best time oh "Knower of all things silver"?
Read the Magic Chart for me!
Spot may be soon,
JesterJay

Wait till 100:)

silverheartbone
7th September 2009, 13:00
Today's current daily spot movement is what I'd normally expect to see for a stable ancient commodity.

Incremental moves up and down along a trend line.

Hmmm, what is so different in the markets today?

maplesilverbug
7th September 2009, 13:21
Wait till 100:)

And 100 will be coming....when???

ccjoe
7th September 2009, 13:48
And 100 will be coming....when???

2011--God told me:)

maplesilverbug
7th September 2009, 14:05
2011--God told me:)

Which/who's god? There are plenty of them around you know.

But I really don't need to know. This is a SILVER website, not a religious website.

Relayer
7th September 2009, 15:24
I have consulted with all of my elemental spirit friends in order to answer your important question. Their answer was shocking! Unfortunately they instructed me to keep my big mouth shut!!

I will say this.....don't worry, be happy!! http://forums.silverseek.com/images/smilies/icon_mrgreen.gif

Steadfast
7th September 2009, 15:30
I myself am a deeply spiritual man who prays every day. I wish all the people in the world were honest, loving and God-fearing. Unfortunately, this is not the case and never has been.

When the financial system and economy collapse, Satan's agents will be loosed on society and many innocent people will suffer and die. I can only hope that my various fanatical advance preparations will help my loved ones and as many other innocent people as possible avoid this fate. May my silver and food (and doomsday seed bank) be multiplied like the loaves and fishes and my firearms become the avenging swords of God's justice.

"Hoooah" my brother!
I am right there with you!

Except for that whole "swords of God's justice" thing... :rolleyes:
For when God wants to pour out His wrath, TRUST ME, He won't need our help (or our guns) in anyway...
OUCH!

silverheartbone
7th September 2009, 17:42
I doubt if the spot closes over 16 FRN, my guess is a $15.55 finish

Relayer
7th September 2009, 18:56
Is looking Good! Support at $16.15 held up very nicely. Then early this morning, moved up to $16.35, retested $16.15 successfully and is again at $16.35. Resistance is sitting at $16.55-$16.60 and $17.

The dollar is still battling to stay above 78 having touched 77.87 this morning. Remember 78 is the line in the sand and it could go into a freefall down to 73-74. Some minor support at 77. If/when that happens, it will propel the PM's to new heights!

News continues to come from China about their displeasure with the dollar, moving out of the dollar and into Gold. China has formally announced they are buying gold on the dips. This is supporting the price, and keeping price declines small.

Right now the candlesticks are longer than normal. Right now voatility rules. I'm seeing 6-7 cent moves up and down on the one minute chart. Indicating that trading is still light.

Relayer
8th September 2009, 02:13
Continues to power up despite being overbought on the RSI and Full Stochastics. Here is the daily chart......
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=2&mn=0&dy=0&id=p67048390678

The weekly chart is another story. The RSI and the Full Stochastics have a long way to go before they are over bought. Here is the weekly chart.....
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=2&mn=0&dy=0&id=p10618720065

The simple explanation is a correction can be expected to occur at any point in the near term. Notice on the weekly chart there are two large candlesticks about the size of the one for last week. For the next two and three weeks silver went higher before correcting. Should this pattern repeat, $18-$20 is quite possible after which a correction can be expected.

There has been some talk of an episode of panic buying. That would negate all chartwork.
There is also the possibility of another take down by the bullion banks (shorts). Personally I am sick of their manipulation, but expect them to try it again. Panic buying could force them to cover some of their short positions, which might result in a big daily moves both up and down.

Wow! There was just a nice 16 cent spike up in the price!! Run baby run!!!

Relayer
8th September 2009, 03:07
Euro spiking higher.....
Gold spiking higher.....
Silver spiking higher.....

Dollar breaking down/through support/very short term extremely oversold readings. May see a weak rally before the night is over.

Note: the drop in the dollar took place after the spikes up in Euro/Gold/Silver. Its been awhile since that has occurred.

MasterQ
8th September 2009, 07:39
Euro spiking higher.....
Gold spiking higher.....
Silver spiking higher.....

Dollar breaking down/through support/very short term extremely oversold readings. May see a weak rally before the night is over.

Note: the drop in the dollar took place after the spikes up in Euro/Gold/Silver. Its been awhile since that has occurred.

I am looking and I am in total shock.

This move is amazing and very fantastical to say the least.

I don't say this to be condescending. I say this because even though TA is out the window, there are certain parameters all things must move along with and those mathematics are being pressed up against very aggressively.

This would be a better move if it was more gradual and in line with embedded stochastics.

Being overbought wouldn't challenge this move so much but betting it while the floor could drop out, literally overnight, is very risky.

Today would mark day 4 of being above the Bollinger Band. This leaves only 1 more day before a correction is due. Should we embed, the correction could only be .30-.40 at best and we will continue going up just as long as the buyers keep driving it.

Last big run like this we were embedded for nearly a month with our run up to 16.00.

Keep an eye on the dollar this week as we are tied to it once again and keep your eye on the BB and sto's after tomorrow. That will be day 5 if there is no correction.

-Q

ccjoe
8th September 2009, 08:19
I am looking and I am in total shock.

This move is amazing and very fantastical to say the least.

I don't say this to be condescending. I say this because even though TA is out the window, there are certain parameters all things must move along with and those mathematics are being pressed up against very aggressively.

This would be a better move if it was more gradual and in line with embedded stochastics.

Being overbought wouldn't challenge this move so much but betting it while the floor could drop out, literally overnight, is very risky.

Today would mark day 4 of being above the Bollinger Band. This leaves only 1 more day before a correction is due. Should we embed, the correction could only be .30-.40 at best and we will continue going up just as long as the buyers keep driving it.

Last big run like this we were embedded for nearly a month with our run up to 16.00.

Keep an eye on the dollar this week as we are tied to it once again and keep your eye on the BB and sto's after tomorrow. That will be day 5 if there is no correction.

-Q

I don't understand why people don't read my simple non-TA posts about Providence boarded up, Indians and Chinese buying at the expensive stores this past weekend at the Wrentham Mall in Ma, and on and on.
It's like George Bush, the elder, who in the early 90's had never seen a supermarket scanner before i.e. didn't have a roadwise clue.
We, on the ground, listening to the buzz and learning from the "experts" who I foolishly followed into losing almost everything in real estate about what NOT to do, maybe have a better idea than experts like Maple who made fun of me because of my lack of esoteric TA knowledge. I stated that PHD's and Nobel Prize Winners like Paul Krugman, Ben Bernanke, et al lead us down this path and continue their buffoonish fiscal propensities and wantonly projecting them as "facts" onto us poor Americans and the world. I'm just studying everyone, everywhere, and trying to put it all together with my liberal arts extrapolation.
Maybe I'm not as stupid with all my points that Maple so vehemently laughed at and belittled.
The truth is that the breaking point in my thinking to start the Labor Day thread, which could become historically accurate (not the thread but the reality of the thread) was the inimitable MIKE PHILLIPS posts commenting on David Morgan's most recent writings. THAT convinced me that Jake's volcano may be ready to explode.
I really think it is inexorable> silver 100 within a year and 300 plus by 2012 -2013.

Argyria
8th September 2009, 08:48
I am looking and I am in total shock.

This move is amazing and very fantastical to say the least.

I don't say this to be condescending. I say this because even though TA is out the window, there are certain parameters all things must move along with and those mathematics are being pressed up against very aggressively.

This would be a better move if it was more gradual and in line with embedded stochastics.

Being overbought wouldn't challenge this move so much but betting it while the floor could drop out, literally overnight, is very risky.

Today would mark day 4 of being above the Bollinger Band. This leaves only 1 more day before a correction is due. Should we embed, the correction could only be .30-.40 at best and we will continue going up just as long as the buyers keep driving it.

Last big run like this we were embedded for nearly a month with our run up to 16.00.

Keep an eye on the dollar this week as we are tied to it once again and keep your eye on the BB and sto's after tomorrow. That will be day 5 if there is no correction.

-Q

I've got an interesting thought for ya.

Alcoholism doesn't obey mathematics very well.

In other words, humans aren't mathematically predictable.

I'm just saying the exact price might be unpredictable. There's noise in the system.

Gen Ripper
8th September 2009, 09:11
I don't understand why people don't read my simple non-TA posts about Providence boarded up, Indians and Chinese buying at the expensive stores this past weekend at the Wrentham Mall in Ma, and on and on.


I really cant tell if you are being sarcastic or not.

maplesilverbug
8th September 2009, 09:21
It's like George Bush, the elder, who in the early 90's had never seen a supermarket scanner before i.e. didn't have a roadwise clue. We, on the ground, listening to the buzz and learning from the "experts" who I foolishly followed into losing almost everything in real estate...

Then there's Georgey Bush Jr. who said, "There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."



...maybe have a better idea than experts like Maple who made fun of me because of my lack of esoteric TA knowledge.

Hmmm...don't think I ever claimed to be an expert. What I did claim was that your "simple non-TA" "on the ground" observations such as seeing an Asian-AMERICAN* person at a mall were, and are, esoteric. At the very least, technical analysis is based upon actual events (eg. historical price points).

*(you have somehow forgotten that all the non-Caucasian people shopping at your mall are still very much AMERICAN CITIZENS! They are dwelling in the very same economy you are! Why didn't you go ask all of them how they could afford to be buying such "expensive" items during such hard times? You could have learned something from your fellow countryman.)



I stated that PHD's and Nobel Prize Winners like Paul Krugman, Ben Bernanke, et al lead us down this path and continue their buffoonish fiscal propensities and wantonly projecting them as "facts" onto us poor Americans and the world.

Again, you presume your noted PhD's and Nobel's were and are acting on behalf of the "poor Americans and the world". I would guess self-preservation and self-propulsion played a greater part in their actions than public servitude. Can't get much sleazier than a Wall Street politician.

And stop with the "poor Americans". Free will -- use it. Again, shoulda asked the rich Chinese and Indians...



I really think it is inexorable> silver 100 within a year and 300 plus by 2012 -2013.

Meet you there!


p.s. -- for further explanation, read my recent posting in the "Other" forum.

ccjoe
8th September 2009, 09:52
Then there's Georgey Bush Jr. who said, "There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."




Hmmm...don't think I ever claimed to be an expert. What I did claim was that your "simple non-TA" "on the ground" observations such as seeing an Asian-AMERICAN* person at a mall were, and are, esoteric. At the very least, technical analysis is based upon actual events (eg. historical price points).

*(you have somehow forgotten that all the non-Caucasian people shopping at your mall are still very much AMERICAN CITIZENS! They are dwelling in the very same economy you are! Why didn't you go ask all of them how they could afford to be buying such "expensive" items during such hard times? You could have learned something from your fellow countryman.)




Again, you presume your noted PhD's and Nobel's were and are acting on behalf of the "poor Americans and the world". I would guess self-preservation and self-propulsion played a greater part in their actions than public servitude. Can't get much sleazier than a Wall Street politician.

And stop with the "poor Americans". Free will -- use it. Again, shoulda asked the rich Chinese and Indians...




Meet you there!


p.s. -- for further explanation, read my recent posting in the "Other" forum.

Okay Maple- I tried --You don't get it. Everything you refuted is incorrect!
Every point! You just don't get it:(
The Bible (I'm no expert) says something about stop trying to spread your seeds on barren soil. You're about as barren as it gets as you don't say ONE good thing about me or more importantly my ideas. Not ONE good thing.
I will not respond or use your name or Duney's name ever again.
I KNEW, you working off the public t..., would respond quickly to the post seeing your self-obsessed ego would be bruised (what was that about I should develop a thicker skin?) with our tax dollars no less.
Good luck and you are the smartest. I won't argue with you again. You are omniscient---I know you don't claim to be but I decree it. That will probably be the ONE thing you'll agree with me on:)
P.S Lighten up as your 15% will make you more than my 100%:)

maplesilverbug
8th September 2009, 10:02
The Bible...

That's all I needed to read!

Entertainment Value: +1

Relayer
8th September 2009, 21:10
Argyria is correct. But that is not good enough as people are even trying to quantify the "noise". Argyria's point (and mine) is that it is impossible to predict human activity using the interpretative powers of math, algorithms, patterns charts, etc etc. The disastrous financial situation that exists today is because of the misuse of those very things which I just mentioned (along with a major helping of greed!). Hedge funds, insurance companies, the now extinct investment banks, they all thought they could methodically calculate an intangible......risk!! Did you see that they are now doing the same with life (death) insurance policies?

Maplesilverbug posted that T/A is based on actual events. This is not really accurate (true?). A chart is a mental construct. A pattern is an image or representation of an activity. Someone decides whether it is relevant or not and what to call it. Then more information gets collected and interpreted. Then someone decides to call it a system. The actual underling events (human activity) become more remote as data is abstracted and grows in quantity and "given" importance. This why I have always said that without studying/understanding the human activity that is responsible for the price movement, T/A is quite limited as a tool.

I am not surprised or amazed at all. I am enjoying it!! I was able to identify and chart out specific support and resistance levels, and likely direction (price targets) throughout this move starting about a week and a half ago using an intentionally limited form of T/A. I only used these parameters---price, RSI, Full Stoch. and Trend. The trend is your friend. It is until it isnt. My time perspective is very short. If I can anticipate very short term movements fairly consistently (accurately), then I do not need to be concerned with what might or might not happen in the long term. (Example: There may be 10 different routes that I could take in walking to the store. No matter which way I choose, I'll do it one step at a time.) I CAN say it worked for me "this time". The "next time" starts the process all over again and I have no expectations how things will unfold. I do not want to become "wedded" to a specific outcome as that will bias my perspective. In my perspective there are no parameters which "must prevail". I want to be open, unbiased, not subjective, and hopefully......just a little intuitive?

I am not saying your way is wrong or that my approach/way is right. I am just trying to portray how I work. Maybe you will find something in this that will help you.

maplesilverbug
9th September 2009, 00:51
Maplesilverbug posted that T/A is based on actual events. This is not really accurate (true?). A chart is a mental construct.
A pattern is an image or representation of an activity.

I will clarify and refine my statement:
The "technical" part of technical analysis is an actual event -- a recorded price point. The "analysis" part is based upon the actual event.


More later...

silverheartbone
9th September 2009, 07:06
OK, it is taking them a bit longer to work it down,
but the greedy shorts will continue.

Think about it.

Naked shorting is now allowed as acceptable.

The shorts have to continue the charade.

Eventually like Madeoff,
they will simply walk away from their obligations,
and rely on their buddies in the court system.

Rigged.

ccjoe
9th September 2009, 08:30
OK, it is taking them a bit longer to work it down,
but the greedy shorts will continue.

Think about it.

Naked shorting is now allowed as acceptable.

The shorts have to continue the charade.

Eventually like Madeoff,
they will simply walk away from their obligations,
and rely on their buddies in the court system.

Rigged.

Basics--silver plummeted all night in Asia and here we go again in the states> the inexorable up, up, up.
I can't wait till > 100 next year and then over 300 in 2012-2013!

maplesilverbug
9th September 2009, 09:18
Plummeted?!?
Up, up, up?!?

That's like what...a +/- 2% range of a roller-coaster ride?

Guess all those rich Asians and Indians vacationing in America are spending their money on all the wrong things.

$15.50 coming to a market near you...


[Entertainment Value: +2]

Katwoman
9th September 2009, 09:20
Plummeted?!?
Up, up, up?!?

That's like what...a +/- 2% range of a roller-coaster ride?

Guess all those rich Asians and Indians vacationing in America are spending their money on all the wrong things.

$15.50 coming to a market near you...


[Entertainment Value: +2]

I say we could see 15.75 but not 15.50

maplesilverbug
9th September 2009, 10:08
I say we could see 15.75 but not 15.50


Silver....horseshoes...hand-grenades....close enough! :)

Relayer
9th September 2009, 20:14
Silver just went from $14 to $16.80 with barely a pause. Looking at this move on the daily chart there really is no price action which might suggest support between $16 and $15. 15.50 is a good a number as any to pick.

Looking at the 15 minute chart gives a different picture. Silver peaked around 1:45 AM Monday. It is now 2 days into a mild correction with $16.25 providing support (2 times). There is previous price action which suggests, that support would appear at that level. The price was in a sideways to slightly up channel ($16.18-$16.35) for over 2 days prior to the run to $16.80.

Looking at whats possible below $16....on the 15 minute chart there does appear some minor support at $15.38. Then $15.

This is what I foresee in the very short term.......From here the overbought condition will be corrected mostly in time and not in price. Maybe a low of $15.90. I have no problem seeing the present price level of $16.18-$16.35 being the low and another run at $17. $17 should fall before any significant correction. I think this is more of a pause than the continuation of a correction which would take the price much below $16.

Relayer
10th September 2009, 01:45
had been trading in a narrow range of 7-10 cents for 9 hours ($16.28-$16.37). In the last 2 hours the price has moved up out of this channel to $16.45.

$16.45 was a support level for about 6 hours yesterday, so there may be a little short term resistance to deal with at this point. Then on to $16.60-$16.65. The downside is as mentioned in my previous post.
At this time gold is also testing overhead resistance ($995).

I might add, a significant correction in silver or gold while the dollar is going down is unlikely. It is presently trading sideways to down with 76.80 this mornings low. Once the dollar stabilizes (for more than a day or two) at some point, a correction is more likely to take place in the PM's.

Android
10th September 2009, 11:06
had been trading in a narrow range of 7-10 cents for 9 hours ($16.28-$16.37). In the last 2 hours the price has moved up out of this channel to $16.45.

$16.45 was a support level for about 6 hours yesterday, so there may be a little short term resistance to deal with at this point. Then on to $16.60-$16.65. The downside is as mentioned in my previous post.
At this time gold is also testing overhead resistance ($995).

I might add, a significant correction in silver or gold while the dollar is going down is unlikely. It is presently trading sideways to down with 76.80 this mornings low. Once the dollar stabilizes (for more than a day or two) at some point, a correction is more likely to take place in the PM's.

Going up, up, up again...........next stop is 17.00.

Relayer
10th September 2009, 20:24
Well, silver is again sitting in a sideways channel of about 7-10 cents for about 7 hours. Only now the price is 30 cents higher. This sideways (and then up) pattern has been a very reliable predictor in this move from $14. It is most observable on the 5 minute chart. It looks like $16.60-$16.70 is prepared to be another take off (up) point. In the very short term the hurdle is $17-$17.35. $18 is the big one. The dowside right now looks like $16.45-$16.35. I will post an update on the RSI/Full Stochastics if the price tests the bottom of the channel. The trend is your friend until it isnt. Sideways in the channel for a while longer, and then up to $17-$17.35.

Personally I would like to see the advance continue just as it has been unfolding. Nice little pops followed by sideways consolidation and minor corrections. I would like to see one of those eye popping moves that silver can do after it closes above $18. This would create the possibility for price support at $18 on a correction. Again, keep one eye on the dollar as it is still hanging by a thread to 76.80 and another decline could trigger rally's in gold and silver. The bigger the decline the bigger their rally's.

Silver and gold were quite accommodating last night and allowed me to have my most accurate projection so far. I hope they will be so nice in the future!!

DaBrownsRPhat
10th September 2009, 20:53
Well, silver is again sitting in a sideways channel of about 7-10 cents for about 7 hours. Only now the price is 30 cents higher. This sideways (and then up) pattern has been a very reliable predictor in this move from $14. It is most observable on the 5 minute chart. It looks like $16.60-$16.70 is prepared to be another take off (up) point. In the very short term the hurdle is $17-$17.35. $18 is the big one. The dowside right now looks like $16.45-$16.35. I will post an update on the RSI/Full Stochastics if the price tests the bottom of the channel. The trend is your friend until it isnt. Sideways in the channel for a while longer, and then up to $17-$17.35.

Personally I would like to see the advance continue just as it has been unfolding. Nice little pops followed by sideways consolidation and minor corrections. I would like to see one of those eye popping moves that silver can do after it closes above $18. This would create the possibility for price support at $18 on a correction. Again, keep one eye on the dollar as it is still hanging by a thread to 76.80 and another decline could trigger rally's in gold and silver. The bigger the decline the bigger their rally's.

Silver and gold were quite accommodating last night and allowed me to have my most accurate projection so far. I hope they will be so nice in the future!!

I hope it goes down to about $13/oz again in Nov, so I can jump on more.

I need my shiny precious!!!

silverheartbone
11th September 2009, 01:19
I might add, a significant correction in silver or gold while the dollar is going down is unlikely. It is presently trading sideways to down with 76.80 this mornings low. Once the dollar stabilizes (for more than a day or two) at some point, a correction is more likely to take place in the PM's.

THE correction is happening right now!
Can't you see?

Relayer
11th September 2009, 01:45
Yes, from $16.94 to $16.85. After a 30 cent move up of course! I certainly wouldnt call that a significant correction!!

silverheartbone
11th September 2009, 16:32
Yes, from $16.94 to $16.85. After a 30 cent move up of course! I certainly wouldnt call that a significant correction!!I guess that you do not comprehend yet.

This is not a stock price.

The correction to the silver spot price is when the price increases.

Can you dig it?
(Comprenez-vous?)

Relayer
11th September 2009, 18:31
You responded to a post about chart talk with a comment unrelated to it. Sorry I wasnt able to read your mind!

DaleFromCalgary
11th September 2009, 20:22
Silver now at C$20 in the Calgary spot market. I record all my purchases on a spreadsheet that automatically calculates my capital gains. Nice positive numbers!

maplesilverbug
11th September 2009, 20:40
Silver now at C$20 in the Calgary spot market.

What is the "Calgary spot market"? LCS?

And $20?!? Wow!
I'm on the West coast...try C$23+ (very +++!!!).
Crazy.