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murray t turtle
Registered: Dec 2001
Posts: 6300 |
07-16-12 10:30 PM
Quote from RenkoTrades:
I want 22 to 24 range and I will start buying again. I will stop buying 26 level since I am flat from all recent 26 level buying. I want SI to break lower through 26 level and then I will buy paper and physical too.
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R-trend trader;
Good points & analysis;
it did break below $26.00 area , in OCT 2010
On a 1 year chart, looks like it can go below $26.00;
but most likely , even if JPM, C, & Spanish banks implode, most likely the uptrend may hold @$24.95 or $25.95. Probably the cash price doesnt get to $24.95, the futures price may hit $25.95+/.
Not a prediction, simply wisdom probabilities on a strong roller coaster uptrend.
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syswizard
Registered: Jun 2004
Posts: 3640 |
10-17-12 05:50 PM
Quote from murray t turtle:
Not a prediction, simply wisdom probabilities on a strong roller coaster uptrend.
And indeed this was a great call.
However, silver seems "stuck in the mud" around 33-34.
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murray t turtle
Registered: Dec 2001
Posts: 6300 |
10-17-12 07:23 PM
Quote from syswizard:
And indeed this was a great call.
However, silver seems "stuck in the mud" around 33-34.
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System wiseman;
I see your $33 points;
silver ,SLV has had a tough time staying above $50 also
Had a cash dealer tell me something[gold, silver, coins];
dealer said sell silver below $32, buy silver above $32. i would have to say Amen to that, with discretion.
Of course when silver gets above $32, I am not saying sell it quick;
not if one has a nickname like turtle.
Some investors may buy silver priced below $32, some investors average buy above $32
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syswizard
Registered: Jun 2004
Posts: 3640 |
10-17-12 07:42 PM
A whiff of deflation will knock the socks off the price of silver.
Interest rates soared today indicating future inflation.
However, inflation is not really sustainable inflation unless wages increase at the same rate or above.
And they are not.
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syswizard
Registered: Jun 2004
Posts: 3640 |
10-24-12 08:19 PM
The entire metals complex is breaking down.
Deflation appears imminent....despite Uncle Benny's proclaimation that inflation is increasing.
That's just prices of stuff going up. Wages must go up for true inflation to be sustainable...and that's not happening.
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murray t turtle
Registered: Dec 2001
Posts: 6300 |
10-24-12 10:18 PM
Partial Quote from syswizard:
The entire metals complex;
That's just prices of stuff going up.
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True, most metals are UPtrending;
except a local dealer said sell silver below $32, that s amoung the more logical reasons...
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