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Silver $31.25 Resistance and Support

 
Anonymous Coward
User ID: 25605044
United States
11/06/2012 08:12 PM
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Silver $31.25 Resistance and Support
I am AC, so it's understandable if you failed to follow my posts in the past and you missed an opportunity to learn how important is $31.25 level for silver price. I could go into gold, too, but it's too confusing because there are way to many digits for some people to understand. After all, this is GLP.

Here is one of the threads where I mentioned that the main battleground for silver is going to be $31.25 level (I mentioned it on October 15, 2012):

Thread: Silver getting raided

And here is a clear picture of what I was referring to:

[link to img594.imageshack.us]

As of this writing silver has reached a high ($32.26) and it's pulling back (November 6, 2012, 8:00PM Eastern).

We might drop back to that important $31.25 level again.

Rest assured, whatever direction we take once we reach that level again, it will be a thing of beauty.

Remember 31.25 is your major support right now.

If we go lower we could penetrate 30, and down to 29 and change, but shouldn't go any lower.

LOAD UP AT ANY GIVEN OPPORTUNITY RIGHT NOW!

Thank you for listening and now we'll take a commercial break and listen to all the shills out there.
Anonymous Coward (OP)
User ID: 25605044
United States
11/06/2012 08:16 PM
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Re: Silver $31.25 Resistance and Support
And please pin this because it is more important for you than who's going to win this election.

DO IT!
Squatch Hunter

User ID: 25765147
United States
11/06/2012 08:25 PM

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Re: Silver $31.25 Resistance and Support
OP,

I spent lots of money to learn how to trade technically and after 1,000's of trades the only thing that's certain is the market will go up and it will go down. I hate to break it to you but that's a fact.

Trading technicals is a bit like playing golf. Its always the great shots (plays) that keep you coming back but in the long run you'll probably be on the losing end.

A word of advice...Stick with the basics. Support, Resistance, follow Institutional Money, look for high vol on breakouts or bounces, manage your risk and don't ever look at the market until it closes. Above all, remember you're gambling. And that's exactly what it is...gambling.

Best of Luck.
Anonymous Coward (OP)
User ID: 25605044
United States
11/06/2012 08:25 PM
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Re: Silver $31.25 Resistance and Support
bump

FOR CONSCIOUSNESS!

TURN OFF YOUR TV... IT DOESN'T MATTER WHO WINS!

CANDIDATE CYCLE IS 4 YEARS - SILVER LIFE CYCLE IS FOREVER!
Anonymous Coward (OP)
User ID: 25605044
United States
11/06/2012 08:31 PM
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Re: Silver $31.25 Resistance and Support
OP,

I spent lots of money to learn how to trade technically and after 1,000's of trades the only thing that's certain is the market will go up and it will go down. I hate to break it to you but that's a fact.

Trading technicals is a bit like playing golf. Its always the great shots (plays) that keep you coming back but in the long run you'll probably be on the losing end.

A word of advice...Stick with the basics. Support, Resistance, follow Institutional Money, look for high vol on breakouts or bounces, manage your risk and don't ever look at the market until it closes. Above all, remember you're gambling. And that's exactly what it is...gambling.

Best of Luck.
 Quoting: Squatch Hunter


Luck I have. My luck doesn't come from technical analysis, but mathematical analysis. Money follows mathematical analysis.

But thank you for your input. At least you are a rational person among a slew of other GLP's TV followers.

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