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Silver Breaking out Higher

 
Anonymous Coward
User ID: 22248492
United States
08/20/2012 10:58 PM
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Silver Breaking out Higher
As I mentionned on another thread Saturday, the metals group would probably head North this week. Today was a good confirmation of this.....as Silver was up approx. 70 cents.

It appears that a massive one year continuation pattern is complete.


Six month daily chart Silver:

[link to bigcharts.marketwatch.com]


Three year weekly Silver:

[link to bigcharts.marketwatch.com]


Three year weekly Gold which looks like a massive continuation pattern to the upside (flag pattern):


[link to bigcharts.marketwatch.com]
Anonymous Coward (OP)
User ID: 22248492
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08/20/2012 11:04 PM
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Re: Silver Breaking out Higher
My last call was on 8/17/10:


Thread: SILVER BREAKING OUT HIGHER
Anonymous Coward (OP)
User ID: 22248492
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08/20/2012 11:43 PM
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Re: Silver Breaking out Higher
Current price: $28.77 per oz.
Anonymous Coward
User ID: 1072087
United States
08/20/2012 11:59 PM
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Re: Silver Breaking out Higher
As I mentionned on another thread Saturday, the metals group would probably head North this week. Today was a good confirmation of this.....as Silver was up approx. 70 cents.

It appears that a massive one year continuation pattern is complete.


Six month daily chart Silver:

[link to bigcharts.marketwatch.com]


Three year weekly Silver:

[link to bigcharts.marketwatch.com]


Three year weekly Gold which looks like a massive continuation pattern to the upside (flag pattern):


[link to bigcharts.marketwatch.com]
 Quoting: Anonymous Coward 22248492


Fiat Silver!!!

bsflagbsflagbsflagbsflagbsflag
Anonymous Coward
User ID: 1072087
United States
08/21/2012 12:00 AM
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Re: Silver Breaking out Higher
OP,

Change your thread title to SLV not Silver. You are trading Bull Shit Paper
Anonymous Coward (OP)
User ID: 22248492
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08/21/2012 12:03 AM
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Re: Silver Breaking out Higher
The current price is actually $28.67 (Sept contract). Previous quote was Dec. Silver.


[link to www.cmegroup.com]
Anonymous Coward
User ID: 1072087
United States
08/21/2012 12:05 AM
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Re: Silver Breaking out Higher
The current price is actually $28.67 (Sept contract). Previous quote was Dec. Silver.


[link to www.cmegroup.com]
 Quoting: Anonymous Coward 22248492


SLV is not SILVER

SLV = Manipulated Paper



bsflag
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 12:08 AM
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Re: Silver Breaking out Higher
OP,

Change your thread title to SLV not Silver. You are trading Bull Shit Paper

 Quoting: Anonymous Coward 1072087


I personally do not trade any paper.


However, if you go to a coin shop......they will use these prices when they determine your price.
Anonymous Coward
User ID: 14816749
United States
08/21/2012 12:17 AM
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Re: Silver Breaking out Higher
Until the cartel slams the paper price tomorrow. This cycle is not going to change any time soon since the manipulation is more obvious than ever but the government will do nothing because JPM and the cartel is the government. The COMEX silver price will not break 30 until after Barry is re-elected and it will be controlled until the dollar crashes. At that point, the price will be irrelevant because we will all be in survival mode.
Anonymous Coward (OP)
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United States
08/21/2012 12:52 AM
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Re: Silver Breaking out Higher
It is only natural to be skeptical when a market chops around sideways for a long period of time.


The sentiment was the same in July and early August of 2010.......either quiet, lack of interest, or skepticism.


After that breakout......it very quickly moved from the 18 dollar area to 50 per oz.
ExoPoliChick
Traveler of both Time and Space

User ID: 12909685
Canada
08/21/2012 12:58 AM

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Re: Silver Breaking out Higher
It is only natural to be skeptical when a market chops around sideways for a long period of time.


The sentiment was the same in July and early August of 2010.......either quiet, lack of interest, or skepticism.


After that breakout......it very quickly moved from the 18 dollar area to 50 per oz.
 Quoting: Anonymous Coward 22248492


I don't think it was ever at $50/oz, was it?
aka ExoPoliChick


Nobody told me there'd be days like these....Strange days indeed!
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"It is our innate solidarity - not some despotism of the sky - that is our source of morality and sense of decency."
~ Hitchens

"The essence of the independent mind is not in what it thinks, but how it thinks."
~ Hitchens

"A mote of dust suspended in a sunbeam."
~ Sagan

I LOVE science and I LOVE space but I am hugely skeptical and don't trust a word NASA says.
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 01:33 PM
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Re: Silver Breaking out Higher
As I said yesterday......silver breaking out higher.


Current price: $29.42 (Up 83 cents)
Anonymous Coward
User ID: 17545045
United Kingdom
08/21/2012 01:35 PM
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Re: Silver Breaking out Higher
It is only natural to be skeptical when a market chops around sideways for a long period of time.


The sentiment was the same in July and early August of 2010.......either quiet, lack of interest, or skepticism.


After that breakout......it very quickly moved from the 18 dollar area to 50 per oz.
 Quoting: Anonymous Coward 22248492


I don't think it was ever at $50/oz, was it?
 Quoting: ExoPoliChick


Not since January 1980.

It almost got there last year, though.
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 01:42 PM
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Re: Silver Breaking out Higher
Some of this is because the dollar is experiencing some selling pressure.
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 01:47 PM
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Re: Silver Breaking out Higher
One year daily:


[link to bigcharts.marketwatch.com]


Three Year Weekly:


[link to bigcharts.marketwatch.com]
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 01:49 PM
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Re: Silver Breaking out Higher
[link to www.cmegroup.com]
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 06:27 PM
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Re: Silver Breaking out Higher
Love the negative reactions, one stars, etc.......as this just further confirms that a move higher has started.


You might have one down day this week to get in at a low price.......if the coin shops even have anything to sell.


Big Up Week this week.........and beyond.
Anonymous Coward (OP)
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United States
08/21/2012 06:29 PM
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Re: Silver Breaking out Higher
Current Price


$29.26 per oz.
Anonymous Coward
User ID: 21679734
Canada
08/21/2012 06:37 PM
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Re: Silver Breaking out Higher
OP,

Change your thread title to SLV not Silver. You are trading Bull Shit Paper

 Quoting: Anonymous Coward 1072087


I personally do not trade any paper.


However, if you go to a coin shop......they will use these prices when they determine your price.
 Quoting: Anonymous Coward 22248492



Lol, no they use the silver spot price, not the SLV price moran. I love silver, but at least get your facts straight.
Anonymous Coward
User ID: 1065356
United States
08/21/2012 06:43 PM
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Re: Silver Breaking out Higher
you can't eat silver !
5a
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 08:18 PM
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Re: Silver Breaking out Higher
OP,

Change your thread title to SLV not Silver. You are trading Bull Shit Paper

 Quoting: Anonymous Coward 1072087


I personally do not trade any paper.


However, if you go to a coin shop......they will use these prices when they determine your price.
 Quoting: Anonymous Coward 22248492



Lol, no they use the silver spot price, not the SLV price moran. I love silver, but at least get your facts straight.
 Quoting: Anonymous Coward 21679734


If you had some experience with this matter, you would know that SLV closes at 3pm Central Time.


My quote was from cmegroup.com......which reflects the overnight trade. The quote was from the Futures Market (Sept. Silver.)........not ETFs.
Anonymous Coward
User ID: 1380052
Australia
08/21/2012 08:19 PM
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Re: Silver Breaking out Higher
you can't eat silver !
5a
 Quoting: Anonymous Coward 1065356


are you sure about that?
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 08:30 PM
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Re: Silver Breaking out Higher
I prefer not to purchase food stock at the coin shop.
Anonymous Coward
User ID: 20022035
United States
08/21/2012 08:43 PM
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Re: Silver Breaking out Higher
...why are you trading that silver for worthless paper...so weird...why would you sell silver if it was going up ?...and yet I can buy as much as I want ?...why is that?..I mean it seems like you would NOT sell a item that was going up in price? Unless you wanted to dump your position on a uptick before it dropped....just a thought...
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 08:47 PM
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Re: Silver Breaking out Higher
Here is a picture of a pennant continuation pattern. The pennant for gold is very large......approx. one year in duration.


[link to www.simple-stock-trading.com]


Here is the three year weekly gold chart (ETF). The ETF is similar to the actual price. The Gold ETF generally runs about 50 dollars below spot price and the Silver ETF runs about 75 cents to one dollar below spot. But the basic chart pattern is the same.


[link to bigcharts.marketwatch.com]
Lime Flavoured Redux

User ID: 22012951
United Kingdom
08/21/2012 08:56 PM
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Re: Silver Breaking out Higher
you can't eat silver !
5a
 Quoting: Anonymous Coward 1065356


Not strictly true, IIRC.
Anonymous Coward (OP)
User ID: 22248492
United States
08/21/2012 09:29 PM
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Re: Silver Breaking out Higher
...why are you trading that silver for worthless paper...so weird...why would you sell silver if it was going up ?...and yet I can buy as much as I want ?...why is that?..I mean it seems like you would NOT sell a item that was going up in price? Unless you wanted to dump your position on a uptick before it dropped....just a thought...
 Quoting: Anonymous Coward 20022035


Personally, I do not trade either future or ETFs.


My primary intent.....was for those who want to buy some coins......not to wait too long.

And if someone needs to raise some cash......to try to delay the sale of their coins for awhile.


I myself will have to sell some in a few weeks to help pay for property tax. Sad......but not overly sad......as I bought it for 4 dollars per oz.
Anonymous Coward (OP)
User ID: 22248492
United States
08/22/2012 06:07 PM
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Re: Silver Breaking out Higher
Another up close.....three in a row.....Monday, Tues, Wed.


Current Price: 29.83



Confirmed breakout higher from a massive pennant continuation pattern.
Anonymous Coward (OP)
User ID: 22248492
United States
08/22/2012 06:12 PM
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Re: Silver Breaking out Higher
5 Year Weekly Gold


[link to bigcharts.marketwatch.com]
Anonymous Coward
User ID: 19980561
United States
08/22/2012 06:14 PM
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Re: Silver Breaking out Higher
I bought a few american silver eagles. in a year or two, 29 an Oz will be dirt cheap.
Anonymous Coward
User ID: 14016885
United States
08/22/2012 06:27 PM
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Re: Silver Breaking out Higher
To what do you contribute the upswing to? A technical move, or is this a more ominous economic sign?

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