Silver Market Update

[webmaster]

Subject:Silver Market Update
By: Clive Maund

Overview: Silver is believed to have bottomed. On the 1-year chart we can see how the failure of the clear line of support (now strong resistance) at and above the $16 level led to a savage plunge. It crashed the next line of strong support that we had expected to hold but stabilized not far below it, the decline doubtless being arrested by the unprecedented oversold extreme that it had by this time attained.

Link: http://news.silverseek.com/CliveMaund/1219756503.php

[Argentum]

How the hell do you chart manipulation?!?! Makes me thing all the talk about this line, that support level, this triple forming, double bubble talking out my butt triple bat forming wedge is all BS and they don't have a clue. Sure, charts MIGHT work with normal, free market forces, but PM's ain't in that league.

Not calling out this chartest specifically, but rather, the whole idea of rationalizing what is so apparently going on.

Ok, so much for going de-cafe this morning.... give me that double witches brew.

[skijake]

Originally Posted by Argentum

How the hell do you chart manipulation?!?! Makes me thing all the talk about this line, that support level, this triple forming, double bubble talking out my butt triple bat forming wedge is all BS and they don't have a clue. Sure, charts MIGHT work with normal, free market forces, but PM's ain't in that league.

Not calling out this chartest specifically, but rather, the whole idea of rationalizing what is so apparently going on.

Ok, so much for going de-cafe this morning.... give me that double witches brew.

This Cliff Maund guy seems decent enough but if the manipulators know how the charts work they can "paint" the charts to achieve the look they want and then crash a market with a free hand. The fundamentals don't work in these rigged markets at this time. The disconnect is beginning to happen with the pricing between SPOT and Physical. Evidently some jewlers and manufacturers can get plenty at spot but the average guy is having problems getting what he wants. That bodes well for a price jump, but when I don't know.

[duneyman]

I have been reading his gold and silver updates for a few years now and it really was a good feeling to read this latest one and finally have figured out that he has no real idea what he is saying ! Silver is so manipulated that his charts are basically meaningless. He was the one who just a few months ago ( May or June or whenever ) was predicting an imminent breakout above 20. He was writing that the bottom for silver would be at 14 two weeks ago and, of course, the price went well below 13.