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View Full Version : Here comes $19.00 and a short covering rally



main1event
1st December 2009, 11:08
I told you Silver is going to explode.

UmassSteve
1st December 2009, 11:24
Holy crap it looks like it went vertical for a bit. Now that's a pleasant surprise!

Question is, how long will this rally last before the shorts knock it (temporarily) down again?

main1event
1st December 2009, 11:25
Holy crap it looks like it went vertical for a bit. Now that's a pleasant surprise!

Question is, how long will this rally last before the shorts knock it (temporarily) down again?

It is going vertical right to $21.00. If 21.00 gets taken out we are going to 30.00

and(EU)
1st December 2009, 11:26
Congratulations Main! Are you a fortune teller? :D

well, we made it through 19

augernaut
1st December 2009, 18:38
Being...or bejing...price of what precious metal we own,silver..if we all sell now ...which i am seriously considering...i myself think it will shoot to 30$..but we wont be able to sell it to anyone under 20$

main1event
1st December 2009, 18:46
Being...or bejing...price of what precious metal we own,silver..if we all sell now ...which i am seriously considering...i myself think it will shoot to 30$..but we wont be able to sell it to anyone under 20$

When there is demand and nobody can get any, you'll be selling over $50.00

ryshay
1st December 2009, 19:42
Wow! Silver @ $19.18. Gold @ $1202!!!! Gold broke $1200 again!

Guess Larry Summers was not minding the USGovt's $1200 cap on gold....

http://dealbreaker.com/2009/07/21/Larry%20Summers.jpg

Ardent Listener
1st December 2009, 20:38
Being...or bejing...price of what precious metal we own,silver..if we all sell now ...which i am seriously considering...i myself think it will shoot to 30$..but we wont be able to sell it to anyone under 20$

What?, :confused: say that again. I agree, if silver "shoots" to $30 most dealers might be a little shy paying out $30 for it until they see some stability in its price.... but mid to high $20s wouldn't be unreasonable to expect from them. But what's "shooting"? Going from $19 to $30 by tomorrow morning? $30 sounds like "shooting" now, but after it has been in the $20s for a couple of weeks will get us to the idea that $30 is a coming.

SilverJim
1st December 2009, 21:34
$19.25 and $1,208 in Hong Kong. Guess who's buying? :confused:

Mighty_Men_of_Baltimore
1st December 2009, 21:41
It is going vertical right to $21.00. If 21.00 gets taken out we are going to 30.00

Profit takers will shut it down. Oh, it's going to 30 all right, but just not quite that quick. Couple months...I think.

main1event
1st December 2009, 22:04
If $21.00 gets taken out, it will much faster than a couple of months.

SilverJim
1st December 2009, 22:26
$19.32 and $1,209. Climb baby climb! :D

LETMYSILVERGO
2nd December 2009, 01:14
Update

$19.34 & $1.215.00

paperplane
2nd December 2009, 01:58
thanks main! and thank you for my insomnia... :p

SilverJim
2nd December 2009, 19:06
Another day and the action keeps on going.

Silver now $19.40 and Gold $1,220

Nice :cool:

cybermorpheus
2nd December 2009, 19:39
silver 21.50
gold 1.300

Next year, when the grimes number of holidays sales start to come out...

silver 25.00
gold 1.500

I thing that any correction will be short, very short and small at this point.

silverheartbone
3rd December 2009, 07:14
OK people, the full moon is officially over.