Look at silver go (down)!

Discussion in 'Commodity Futures' started by 1a2b3cppp, Jun 26, 2013.

  1. No matter if you draw the correct lines, what difference does it make if you lack the skills to read what price is doing at them ?

    You drew a few good lines, but that's only the beginning.

    You cannot assume they are lines to be faded.

    If they fail, you must notice the failure.

    If they bend and fake via a stop run, then resume their potential s/r component as well.

    If they hold and bids are found, the same.

    You are stuck at chart geometry 101 but that is only the beginning.

    Learn some to read bars, there's a word of info in them and stop assuming lines have to hold without noticing the other events.
     
    #11     Jun 26, 2013
  2. That's the goal. Any tips on how to do any of those things are appreciated!
     
    #12     Jun 27, 2013
  3. C6H12O6

    C6H12O6

    I'll make a summary:
    "Buy gold !! Please ?" :D
     
    #13     Jun 27, 2013
  4. Do they give a reason?
     
    #14     Jun 27, 2013
  5. Brighton

    Brighton

    Some possible reasons:
    - ore grades were higher back then
    - electricity and liquid fuel prices were a lot lower
    - inflate by x for 10 or 20 years the cost of people, land, technology/machinery and compliance (EHS)

    I don't know how low silver can go, but I do know it can remain below the total cost of production (a flexible term) for a while. Depending on who you believe and the production region, silver is already below the cost of production, so is Australian coal, maybe Appalachian coal, US dry natural gas, arabica coffee and Brazilian sugar.
     
    #15     Jun 27, 2013
  6. This was definitely a shock to alot of people, including myself. I didn't think silver would retract to $18/oz levels. However, I really think we are around the bottom right here, don't see it going down much lower.
    Current silver price ~ $18.60

    -Action
     
    #16     Jun 28, 2013
  7. We will see!

    Can I ask what your reason is for why you don't see it going much lower?
     
    #17     Jun 29, 2013
  8. ======================
    Mr. 1a2b3c;
    YOU mean besides that,, most LONG TERM TRENDS from 1980,
    + 1987,, ARE up.

    Not a prediction; simply probabilities.Having taken out $20;
    sure it could go lower.....:D

    Just printed out a color chart like your 32+/ year candle chart-nice work.

    murray t turtle:cool: Wisdom is profitable to direct
     
    #18     Jul 1, 2013
  9. Another down day today but still above recent support.
     
    #19     Jul 6, 2013
  10. ===============================
    Local dealer is buying above spot price, futures price;
    silver + gold. Not a prediction; wisdom is profitable to direct.:cool:

    Dont want to mention the dealers name, its a private company.:cool:
     
    #20     Jul 12, 2013