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slow to learn · 04-03-2012, 07:50 AM

This is only my thoughts and not to be tryed at home!!!!!!!

But that said I feel silver is comming into a demand zone and will be assending up soon. Notice that I maked the zone and price action is claerly abouve the T-3 Moving Adverage or the white line. Also the williams R is avancing into the -20 area showing buying pressure or momentume!

The target area I marked 33.59 is also the 38% line on the fib retracement mark from the highs of 37.58 and the lows of 31.10

Of course I have been wrong before!

Cheers,

Mojofabulous · 04-03-2012, 11:15 AM

Dude, you are killing me. This image is totally jacking up my ipads screen

silversaver · 04-03-2012, 01:04 PM

Thank you for the information

Dom2012 · 04-03-2012, 02:05 PM

lol no its not ....its crashing back out again ......just like gold :o(

kcrone1 · 04-03-2012, 02:20 PM

WoW, Bernanke putting the breaks on Silver again today,,,,and it was looking to another decent day. LoL, I guess old Ben couldn't allow us to have two nice days in a row. Any way no matter, it's in a range right now where I'm just holding, scaled back some what on stacking and certainly not selling. I have a plan of increasing my stacking my again if it trends back down to the $30 level but I'm just enjoying this great weather and not worrying about it right now. David Morgan was out a month ago calling for Silver to end 2012 at around $65, now yesterday he's saying he thinks silver will end 2012 at around $40. This guy is growing tiresome and I'm done listening to these investment Banker type calls, of Buy and Sell based on current price movements. It just proved to me that even the experts have more hope then actual knowledge of price targets. Thank god we have brother John and I believe his thoughts are just as good but probably better then most of the silver experts. Guess I just got tired of it today.

slow to learn · (This post was last modified: 04-03-2012 02:43 PM by slow to learn.)

It still hasn't blown though the demand zone yet! It still may respect it! Oscillators are still bullish and price action still above the T-3 ma's so we will see. A retest of demand is not uncommon.I will be very surprised if it doesn't hit the target area! Keep in mind this is a 240 min. chart so you will see a lot of ebb and flow in a short amount of time!

But I've been surprised before!

dragonfly5 · 04-03-2012, 02:59 PM

Still being patient - lots of room for this to go either way - I'm actually thinking potential huge buying opportunity in the next 6 months.

dave606 · 04-03-2012, 08:59 PM

I have been stacking for quite awhile and usually don't say anything. However i think you should be taking advantage of any silver in the low thirties. I think we are going to be up in the second half and will always be looking back on the low thirties. This is just my opinion, based on everything that is happening and the QE before elections.

Cointreau · 04-24-2012, 09:29 AM

Noticed that the PM's have risen slightly today.
Is it the rise before the fall, with regards to the FOMC meeting today.
Seriously tempted to do a small sell on the gold price today, before Ben opens his mouth.

EL34 · 04-24-2012, 10:09 AM

Just my .02, but looking at short term graphs are misleading.
Looking at the 1 or 5 minute silver graphs always looks like huge moves are haqppening.

Back out to the 1 hour, 1 day, weekly or monthly graphs and the big picture becomes much clearer.

Here is the 1 day graph with the macd overlaid

slow to learn · 04-24-2012, 10:19 AM

There is a tone of supply around the 31.50 area now and think silver could test that area again but then I see some pretty bearish signs! PA is trading below my T3 ma on my 50 range bar chart and the williams is showing momentum on the selling side! Could silver be going down?!!!!!!!

Cointreau · 04-24-2012, 10:59 AM

What is T3 ma and williams?

slow to learn · 04-25-2012, 06:54 AM

(04-24-2012 10:59 AM)Cointreau Wrote: What is T3 ma and Williams?

A T3 MA is a combo of three different moving averages in one indicator. and a Williams R is a indicator created by Larry Williams to gage what level the institutional traders are stepping in and creating orders. They are just indicators use to evaluate the market. Sorry I belong to a trading forum and sometime I forget who I'm taking to! Blush

cosmyccowboy · 04-25-2012, 07:39 AM

silver has been flat for the last week! it appears everyone is waiting on our bosom buddy ben to speak his soothing words! it does not matter what he says, QE is forever and he will NEVER raise rates again!!!

slow to learn · (This post was last modified: 04-25-2012 08:49 AM by slow to learn.)

(04-25-2012 07:39 AM)cosmyccowboy Wrote: silver has been flat for the last week! it appears everyone is waiting on our bosom buddy ben to speak his soothing words! it does not matter what he says, QE is forever and he will NEVER raise rates again!!!

I believe your right there will be another QE or they may call it something else but the central banks will definitely be creating more debt very soon!

Since the economy has weakened people are not consuming and using credit there starting to hoard what little money they have left. This is very bad for the central banks fractional banking practice since they have been using debt to create money though this system for years. Now that is when QE comes in handy to replace the money that they are short from the fractional system! The debt has to continue ,other wise there entire system will implode on them! Money = Debt. Money is created from dept! Only 3% of the Nations money supply is in the form of federal reseve notes the rest is promisary notes and digets on a computor screen !