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Old 07-13-2012, 03:37 PM   #1
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Range-bound?

It appears to me that silver is vascillating between 26 and 28, and has been doing so for a while now. I think the PTB are having trouble getting silver lower without taking the risk of piling in to more naked shorts.

Let's suppose for a minute that we have a serious market moving expense in the next couple of weeks, one that chases people out of paper and in to hard metals. Will the dumping of paper and subsequent smash in price be offset by those who would replace paper with the real thing? It would seem to me that initially, we could see several bucks shaved off of paper in the immediate aftermath of a big bank collapse or a sovereign exit from heh Eurozone, but I believe that shortly thereafter, we would see the gold and silver train loaded up with folks who had enough steam to buy in at low prices, taking a shitload of metals off the market.
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Old 07-13-2012, 07:09 PM   #2
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Silver will likely waver in a fairly tight range until end of summer. I think the big moves start sometime in or after September.
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Old 07-19-2012, 02:45 AM   #3
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Today shows the metals still playing in that range. Charts indicate a breakout sooner than later, but the spring is getting coiled to unwind.
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Old 07-19-2012, 03:05 AM   #4
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So far silver is playing out pretty much as expected.

A month ago I posted this chart. So far silver seems to be gathering steam to go one way or the other. Most likely down as the economy goes down.
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Old 07-19-2012, 07:24 AM   #5
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Originally Posted by mmerlinn View Post:
So far silver is playing out pretty much as expected.

A month ago I posted this chart. So far silver seems to be gathering steam to go one way or the other. Most likely down as the economy goes down.
The COT numbers don't suggest that.
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