Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Silver Bug

Reply
 
LinkBack Thread Tools
Old 08-05-2012, 12:01 PM   #1
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Monday predictions?

I will be watching the Asian open tonight, as I am wondering if the false jubilation will carry in to the new week. While I want to see silver launch to new highs, I have to wonder if the ever increasing "accidents" perpetrated through high speed platforms will ultimately rain out the parade.

When I look at volume in paper metal, I see more "metal" trading hands than even exists in above ground stocks. This has to fail at some point, it just does. Anything that relies on no one demanding delivery is asking for disaster.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-05-2012, 02:54 PM   #2
Yellow Jacket
 
Join Date: Oct 2011
Posts: 2,053
Liked: 925 times
There are no big news events scheduled next week. Markets are going to move like eur/usd which depends on the newsflow out of the ecb, the eu commission and germany. The imf said that greecd made progress today, so maybe this causes a little spike at the open.
Usually a big short squeeze like friday is followed by profit taking, though.
swissaustrian is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Monday ancona Silver Bug 7 07-02-2012 09:27 AM
Monday slamfest ancona Silver Bug 1 06-11-2012 09:16 AM
It's Monday..... ancona Fiat Ponzi 19 01-31-2012 08:55 PM
Monday Markets.....Any guesses? ancona Fiat Ponzi 8 01-11-2012 10:34 AM
New Year Predictions, post here ancona PM Bug 21 12-29-2011 01:04 PM


All times are GMT -5. The time now is 02:39 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.