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If Silver breaks below $20, is the next support level $10?

 
AxX
User ID: 38942157
United States
05/16/2013 10:32 PM
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If Silver breaks below $20, is the next support level $10?
This is what it looks like checking out the 10-year chart:

[link to www.kitco.com]

Technicals say "yes"

Fundamentals have been broken, so can't really go based on those anymore...
Anonymous Coward
User ID: 39661494
Netherlands
05/16/2013 10:34 PM
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Re: If Silver breaks below $20, is the next support level $10?
I dont care Im going to keep buying. the dollar is worthless buying gold on the way down too.
Anonymous Coward
User ID: 39661494
Netherlands
05/16/2013 10:35 PM
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Re: If Silver breaks below $20, is the next support level $10?
The brics will take my gold and silver but not the US toilet paper...
Anonymous Coward
User ID: 39661494
Netherlands
05/16/2013 10:38 PM
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Re: If Silver breaks below $20, is the next support level $10?
this is their last ditch effort to steal as much gold and silver before fleeing the country when they collapse the dollar... so sell your paper and hang on to your physical
Anonymous Coward
User ID: 32582412
United States
05/16/2013 10:40 PM
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Re: If Silver breaks below $20, is the next support level $10?
People clutching shiny metal is as pathetic as people clutching paper money. It's all phony BS.
Anonymous Coward
User ID: 38134112
Germany
05/16/2013 10:46 PM
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Re: If Silver breaks below $20, is the next support level $10?
Can you eat silver?
Anonymous Coward
User ID: 1313288
United States
05/16/2013 10:53 PM
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Re: If Silver breaks below $20, is the next support level $10?
Can you eat silver?
 Quoting: GoVegan


Yep
Anonymous Coward
User ID: 39951599
United States
05/16/2013 11:00 PM
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Re: If Silver breaks below $20, is the next support level $10?
There is no such thing as a support level.

Trust me on this.
Anonymous Coward
User ID: 24152885
Canada
05/16/2013 11:12 PM
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Re: If Silver breaks below $20, is the next support level $10?
Technical analysis = reading tea leaves.

Looking at charts in an attempt to predict the future price of something is like looking in the rear view mirror to navigate your car.
Anonymous Coward
User ID: 39837390
United States
05/16/2013 11:16 PM
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Re: If Silver breaks below $20, is the next support level $10?
can't aford a horse, but if it gets below $15 I'll drive my beater with the silvertards! 885
Anonymous Coward
User ID: 5954138
Canada
05/16/2013 11:17 PM
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Re: If Silver breaks below $20, is the next support level $10?
Can you eat silver?
 Quoting: GoVegan

with Silver you can eat
Anonymous Coward
User ID: 39876147
05/16/2013 11:18 PM
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Re: If Silver breaks below $20, is the next support level $10?
This is what it looks like checking out the 10-year chart:

[link to www.kitco.com]

Technicals say "yes"

Fundamentals have been broken, so can't really go based on those anymore...
 Quoting: AxX 38942157


Technicals do not say 10... Fib retracement 61.8 sitting at 21.47 - V firm tech support there.... this is also the old high before the 2010 breakout... these levels will not get taken out...

Load up silver yards!!!!!
Anonymous Coward
User ID: 39876147
05/16/2013 11:19 PM
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Re: If Silver breaks below $20, is the next support level $10?
This is what it looks like checking out the 10-year chart:

[link to www.kitco.com]

Technicals say "yes"

Fundamentals have been broken, so can't really go based on those anymore...
 Quoting: AxX 38942157


Technicals do not say 10... Fib retracement 61.8 sitting at 21.47 - V firm tech support there.... this is also the old high before the 2010 breakout... these levels will not get taken out...

Load up silver yards!!!!!
 Quoting: Anonymous Coward 39876147


tards not yards
Anonymous Coward
User ID: 16520024
United States
05/16/2013 11:20 PM
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Re: If Silver breaks below $20, is the next support level $10?
lmao
Anonymous Coward (OP)
User ID: 38942157
United States
05/17/2013 12:45 AM
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Re: If Silver breaks below $20, is the next support level $10?
I will be buying all the way down, cost-averaging my entire stockpile even lower.

Also going to hit gold heavy once under $1200 (but this thread isn't about gold).
Anonymous Coward
User ID: 36943819
United States
05/17/2013 10:06 AM
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Re: If Silver breaks below $20, is the next support level $10?
If you can buy physical silver at $20 buy as much as you can.
If you can buy lower than that --- even better.
Anonymous Coward
User ID: 40165336
05/20/2013 06:48 PM
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Re: If Silver breaks below $20, is the next support level $10?
This is what it looks like checking out the 10-year chart:

[link to www.kitco.com]

Technicals say "yes"

Fundamentals have been broken, so can't really go based on those anymore...
 Quoting: AxX 38942157


Technicals do not say 10... Fib retracement 61.8 sitting at 21.47 - V firm tech support there.... this is also the old high before the 2010 breakout... these levels will not get taken out...

Load up silver yards!!!!!
 Quoting: Anonymous Coward 39876147


tards not yards
 Quoting: Anonymous Coward 39876147


This correction in SILVER is done after today - they tested the 61.8 fib last night and got their arse handed to them... Silver tards WE RIDE!!!!
AxX
User ID: 3961355
United States
05/20/2013 07:17 PM
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Re: If Silver breaks below $20, is the next support level $10?
woot! Great idea. Getting my 401k out in a week.

seal

Just hope it's not too late then... :)
Anonymous Coward
User ID: 13325677
United States
05/20/2013 08:29 PM
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Re: If Silver breaks below $20, is the next support level $10?
It is probably unlikely that
silver drops below $16/oz.
Anonymous Coward
User ID: 40165336
05/20/2013 08:33 PM
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Re: If Silver breaks below $20, is the next support level $10?
I will be buying all the way down, cost-averaging my entire stockpile even lower.

Also going to hit gold heavy once under $1200 (but this thread isn't about gold).
 Quoting: Anonymous Coward 38942157


And i will be joining you!

Hope you filled your boots today - won't get back down there again!
Anonymous Coward
User ID: 1465548
United States
05/20/2013 08:38 PM
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Re: If Silver breaks below $20, is the next support level $10?
gold and silver will pop up in the next few days

silver and so is gold a few dollars

lots of politics going to shift in favor of gold and silver

the emperor's underwear is showing, really bad now

just play along and make some money
Anonymous Coward
User ID: 14620252
United States
05/20/2013 08:43 PM
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Re: If Silver breaks below $20, is the next support level $10?
Silvers at 23 bucks now tards.
Anonymous Coward
User ID: 1465548
United States
05/20/2013 08:43 PM
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Re: If Silver breaks below $20, is the next support level $10?
The Powers That Be (Federal Reserve Banking Cartel and Gov)

even admit that the crowd is in favor of Gold and Silver right now, so they cannot manipulate the mass volume of retail and investment firms

just read the Street Authority and their State Run Financial CNBC news outlets, when they say lower you know to buy

because they are trying to propagandize the movement into a negative

to try to not have the prices popup to fast

after their major paper manipulation recently
Anonymous Coward
User ID: 22609730
United States
05/20/2013 08:59 PM
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Re: If Silver breaks below $20, is the next support level $10?
As a kid in the 80's you could get a silver dollar for under $10, more like $7.

I think $15-17 will be hot with $10 a real price long term.
Anonymous Coward
User ID: 32412853
United States
05/20/2013 09:00 PM
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Re: If Silver breaks below $20, is the next support level $10?
.0001 no bid silvertardzzz banana2burnitpeacewhatever
Anonymous Coward
User ID: 32412853
United States
05/20/2013 09:00 PM
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Re: If Silver breaks below $20, is the next support level $10?
lmao
 Quoting: Anonymous Coward 16520024


iamwith
Anonymous Coward
User ID: 40192228
United States
05/20/2013 09:00 PM
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Re: If Silver breaks below $20, is the next support level $10?
As a kid in the 80's you could get a silver dollar for under $10, more like $7.

I think $15-17 will be hot with $10 a real price long term.
 Quoting: Anonymous Coward 22609730


only if the dollar deflates and maintains its status as the world reserve currency, which it won't for too much longer.
Anonymous Coward
User ID: 40193732
United States
05/20/2013 09:30 PM
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Re: If Silver breaks below $20, is the next support level $10?
But can't they just keep doing the same tricks, devaluing the dollar to infinity?

Gas used to be $0.65/gal in the 80's as well.

I bout 1300 worth of silver rounds at $8.13/oz. stupid me at 13 sold to a silver bug at $13.20 an oz because I felt it was going to drop. Silver bug swore it was "going to the moon". Guess in perspective, he was right in the long term.

Why can't this happen again, except with larger numbers, given appropriate time?

I worked with a papertard who insists on making paper fades on the pm market, despite my warnings. Hope he's at least been shorting it for the short term.
Anonymous Coward
User ID: 40193732
United States
05/20/2013 09:46 PM
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Re: If Silver breaks below $20, is the next support level $10?
Damn iPad. I need to quit typing on this while on vacation.

[insert fixes for all stupid typos/auto-correct that took place]
Anonymous Coward
User ID: 38124951
United States
05/20/2013 10:02 PM
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Re: If Silver breaks below $20, is the next support level $10?
Can someone explain to me what use gold/silver would have in a total collapse situation where people are scavenging for fuel, food, and medicine? You can't eat it. While it does have applications in jewelry, electronics, etc. those are industries that thrive before a collapse.
Anonymous Coward
User ID: 40199154
United States
05/20/2013 10:05 PM
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Re: If Silver breaks below $20, is the next support level $10?
Can someone explain to me what use gold/silver would have in a total collapse situation where people are scavenging for fuel, food, and medicine? You can't eat it. While it does have applications in jewelry, electronics, etc. those are industries that thrive before a collapse.
 Quoting: Anonymous Coward 38124951


Those who have prepared in advance will likely take gold or silver in return for the basic necessities that they have stockpiled. If shtf, paper money will be worth much less if not completely worthless.

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