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Do you have that for the weekly volume?
Analyzing the weekly formation in SLV that some of us believe to be a cup and handle forming.
Does anyone know where to find the 50 day volume average? Does stockcharts have a setting for this?
Always feels like holidays take the wind out of the sails. We need to to close above the 50!
Intraday wedge forming. Pretty big.
Not really expecting much for the rest of the week. Looking for it to finished +3-4% for the week and the same next week.
Max Keiser is a fear monger who is just trying to make money off of scaring people. He over exaggerates often. Meh.
1938-A NAZI Germany , .900, uncirculated, 5deutche mark. The Writing On the Edge/Rim Of The Coin Reads: "The Common Good Goes Before The Interest Of The Individual."(in German.)
http://www.ebay.ca/itm/1938-A-NAZI-BIG-SWASTIKA-GERMAN-5-Mark-900-SILVER-COIN-WW2-GERMANY-5-ReichsMark-/251184835007?pt=US_World_Coins&hash=item3a7bc869bf
$67 trillion in shadow banking
http://www.cnbc.com/id/49877573/comid/4#comments_top
Lift off. Dollar is going to 72 that means S&P rally!
SPY, SLV start of run. Not too late to get in imo
SPY, SLV WEEEEEEEE big run just starting
can we close above the 50ma?
Bollinger band breakout CHOOOCHOOOO
This happens tomorrow!
Me likey.
Metals were outperforming the indices and the indices have turned around. Will metals outperform on the upside too?! Im thinking we blast off this week. 4-5% week?
CHOOOOO CHOOOOO rally into 2013!! $38.58 coming right up.
A lot of sectors were tanking since Obama won and gold and silver have outperformed most of them. Could just be a market wide correction that is about to reverse and go full on Benny juices.
Rippin it up tonight.
Weekly chart still looks amazing!
CHOOO CHOOO
Just want to clarify that while I think the next high will be ~$38, we are going to retest the 200 MA.
LOL almost the same exact intraday chart pattern as yesterday.
Those of you who voted for Obama, well, you're going to get what you voted for.
Short term my target is $38.58. Where is goes after that is anyone's guess. It is realistic for it to go $150 (inflation adjusted price), but I think $65ish is probably a safe bet for 2013. Silver seems to be running hard every 2 years or so. I'm currently sitting on March calls for this very reason.
Yeah I read your post and it makes a lot of sense. Its still worth the risk imo. SLV just going poof is pretty extreme scenario, but it is a possible scenario none-the-less. Thats why I prefer to use options when dealing with SLV. Leveraged gains, minimal losses.
Nah. PMs are a cyclical investment which is already 10 years deep. Nobody is going to hold SLV for more than 10 years.
Who is going to hold SLV for more than a few years anyway?
Fine line between infinity and zero. Gold is trading at ZERO in Zimbabwe dollars.
The only way hyperinflation can really occur is if supply of goods starts to shrink compared to demand. America is VERY big and not very comparable to Zimbabwe or Wiemar because those nations were much smaller.
You also have to consider that there are hundreds of trillions worth of derivatives out there that make Ben's $85 billion in printing look pretty tiny. Its almost like if you had a hole in a swimming pool the size of a basketball and you try to refill it using an eye dropper.
I think people are perceiving the inflation story wrong. Its not just happening, this is the end of it. The inflationary cycle started in the 1970s. We have had a 40 year bubble of inflation. As long as they keep doing ZIRP we will just have stagflation, if they raise rates then we could have a lot of inflation.
Bob Prechter has been writing about this for years now.
SLV simply tracks the price of spot. It won't be a scam for awhile.
I actually wrote about that a lot on this board back in 2011. Eventually the effects will diminish. I've never wanted to stack physical because I was afraid that if deflation takes hold then physical hoarders will be caught holding the bag as they try to sell lower than spot just to liquidate.
CME lowers gold, silver, copper, natgas margins
The CME Group on Thursday lowered margins for natural gas, gold,
silver, copper, lean hog and live cattle futures, effective after close of business on Tuesday, Nov. 20.
http://www.reuters.com/article/2012/11/15/cme-margins-idUSL3E8MF6LY20121115
Probably stole it, the Fed already said they don't consider gold to be money.
Ding ding ding
Cant give them what we dont have.