Will we see 19?

ancona

Praying Mantis
Messages
3,370
Reaction score
1
Points
0
Location
Waaay south
Slam, slam, slam. That's all these bastards know is to slam. I cannot wait for this rubber band to snap back in their fucking faces.:paperbag:
 

pmbug

Your Host
Administrator
Messages
7,449
Reaction score
25
Points
203
Location
Texas
I like to think that the smart money is leaving the casino (paper silver) and heading for the bunker (physical silver).
 

ILOVETRADING

Fly on the Wall
Messages
34
Reaction score
0
Points
0
I like to think that the smart money is leaving the casino (paper silver) and heading for the bunker (physical silver).
Might be true but FWIW chart says we're going to test 19.50 or so. This drop may have a rebound but eventually they'll paint the charts to squiggle a bit around the 20 even zone.. bought some on the first drop to 22, just bought more today.. waiting to buy more IF or WHEN it hits 20..

in my opinion at least.. GLTYA
 

pmbug

Your Host
Administrator
Messages
7,449
Reaction score
25
Points
203
Location
Texas
Might be true but FWIW chart says we're going to test 19.50 or so. ...
If money is leaving the casino, there is obviously waning support for the paper price. Paper may go to zero (as FOFOA has said). Doesn't mean physical is going to follow suit.
 

ILOVETRADING

Fly on the Wall
Messages
34
Reaction score
0
Points
0
Did you actually "buy" ILT? or placed an order :)

-Q
LOL :) :) touche' my friend, I like it.. I did both! Bought the physical and also bought the paper for a bounce. Well, if you call 2-4% swings on the NUGT fund a 'bounce'.

Long term, stacking the buys.

Short term, placed an order.

I'm all over silver in every way lol..
 

ILOVETRADING

Fly on the Wall
Messages
34
Reaction score
0
Points
0
If money is leaving the casino, there is obviously waning support for the paper price. Paper may go to zero (as FOFOA has said). Doesn't mean physical is going to follow suit.
In a perfect world, that would be ideal. But lets keep it real my friend, those greedy banksters ain't letting it go to zero! They'll pump it up a few more decades before losing out on their ginormous investment..

Then again.. they are heavily short paper silver.. Would love to see zero if you're short, but even better to ramp it back up and re-short the hype back down a few times.. exponential growth>singular trading IMO
 

mmerlinn

Ground Beetle
Messages
633
Reaction score
0
Points
136
Location
Here, There, and Everywhere
I just called my local LCS. Today they are selling junk silver at 21x and have some in stock. Two weeks ago, when silver was still over $26 (today is about $24), they were selling at 19x. Quite a disconnect here in prices.
 
Top