If Silver breaks below $20, is the next support level $10? | |
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Anonymous Coward User ID: 39876147 United Kingdom 05/16/2013 11:18 PM Report Abusive Post Report Copyright Violation | This is what it looks like checking out the 10-year chart: Quoting: AxX 38942157 [link to www.kitco.com] Technicals say "yes" Fundamentals have been broken, so can't really go based on those anymore... 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 United Kingdom 05/16/2013 11:19 PM Report Abusive Post Report Copyright Violation | This is what it looks like checking out the 10-year chart: Quoting: AxX 38942157 [link to www.kitco.com] Technicals say "yes" Fundamentals have been broken, so can't really go based on those anymore... 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!!!!! tards not yards |
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Anonymous Coward User ID: 40165336 United Kingdom 05/20/2013 06:48 PM Report Abusive Post Report Copyright Violation | This is what it looks like checking out the 10-year chart: Quoting: AxX 38942157 [link to www.kitco.com] Technicals say "yes" Fundamentals have been broken, so can't really go based on those anymore... 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!!!!! tards not yards 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!!!! |
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Anonymous Coward User ID: 1465548 United States 05/20/2013 08:43 PM Report Abusive Post Report Copyright Violation | 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 |
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Anonymous Coward User ID: 40193732 United States 05/20/2013 09:30 PM Report Abusive Post Report Copyright Violation | 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. |
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Anonymous Coward User ID: 38124951 United States 05/20/2013 10:02 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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. |