Range-bound?

ancona

Praying Mantis
Messages
3,370
Reaction score
0
Points
0
Location
Waaay south
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.:judge:
 
Last edited:

Jetstream

Big Eyed Bug
Messages
318
Reaction score
0
Points
0
Silver will likely waver in a fairly tight range until end of summer. I think the big moves start sometime in or after September.
 

Jetstream

Big Eyed Bug
Messages
318
Reaction score
0
Points
0
Today shows the metals still playing in that range. Charts indicate a breakout sooner than later, but the spring is getting coiled to unwind.
 
Top