Hey guys, this is my first post here. Anyone else into trading Silver? If so then give me your thoughts on this piece here. http://www.daltonfinancialnews.com/2012_04_03_the_big_picture_on_silver.html I've seen a few other places pick up on the inverted head and shoulders, but not too many to point out the possible descending triangle. Which looks more likely to you?
========= Liberty-Trend I like to look @ lots of silver, SLV charts also; longest term charts are bullish buy/uptrending.............................. But one year chart is is bearish; looks like its going down. Buy volume is weak which can be bullish or bearish -looks bearish here.. A silver dealer mailed me & called me wanting to sell some silver . I told him yes i like silver and mentioned an unforgettable picture of a grizzley bear with a silver bar in its mouth.LOL Wisdom is profitable to direct-not a prediction , simply probabilities Another local silver dealer always buys; never sells........................................
Yes. Long term is definately bullish. You see that giant cup and the handle forming at the bottom of the article? Wow is all I can say.
=========== I like William O'Neil, one of the 1st cup with handle publishers Long term silver still shines. And while i never really considered $32 sell area as important as $50 or $55+/long term A local cash silver & metals dealer said he likes selling silver @$32; i see his point I study trends more, but lots of trend traders/investors selling silver. GLD, gold looks like a better uptrend on a 1 year chart, but none of these are predictions.
In process of selling my gold but looking to buy other precious metal that hasn't topped yet. What other should i buy here?
Hard to say which to buy. In all honesty I would probably just sit on the cash for a little while. I am waiting for some solid bottoms to form before I go long any commodity.
============= Some jewelry stores/cash cows are still buying gold, but the bid/ask is so wide.... SLV & silver investors were mostly selling until the $35 area ; butl silver shined so much, that area became resistance on weekly candlecharts. One investor/trader bought & scaled in late / above $40 area in silver; but he bought so small, he said, it worked well..................
Small picture is better.why do you need the big picture where one tick is $25? I wannabe Silver futures future millionaire small picture artist./
===== Good points. That may or may not help you or me if Bill Gates ,Bill Gross is buying /investing in gold /GLD or silver/SLV. Because I agree with Rich ''TURTLE'' Dennis-do your own research. However I respect Bill Gross work habbits[generally speaking]that have done well in money management over many, many years. That OX /Charles Schwab fixed income manager who is bearish or now neutral on bonds, she maybe right ; i simply do not know her track record.With the exception of Merideth on ''C'', muni bonds [Citigroup...], most on Wall Street will not say sell.LOL I like medium/ long term trends, not exactly like Mr Bunker Hunt. But Bunker Hunt was right on the long term trend mostly. But try not to get in a fight with Moses, Charleston Heston, or the Chicago exchanges...LOL