What, no Tuesday beat down?

[EL34]

Gold and Silver are doing good this morning

I keep thinking that at any moment, it must be time for the regular Tuesday beat down.

[boyfromdixie]

going up get on board. lol

[EL34]

LOL, the day ain't over yet.

Maybe this will be the Tuesday when the beatings stop.

[boyfromdixie]

they close early today for the holiday so they will have to hurry. lol

[silversaver]

Silver is up 3% at the moment. It's about time.

[dragonfly5]

I thought some of the beatdowns happened on Wednesday and Thursday . . . It's silver - anything can happen on any given day.

[harbl_the_cat]

I want silver to go back to $26, then lower.

I have a good reserve of cash that needs to be swapped and I want more silver

[dragonfly5]

(07-03-2012 12:08 PM)harbl_the_cat Wrote:  I want silver to go back to $26, then lower.

I have a good reserve of cash that needs to be swapped and I want more silver

It still may - last week people were talking $20 silver. I think silver can go sideways like this for a long time yet and I too am holding out some cash for a huge buying opportunity. That being said my silver from the dip 2 weeks ago is due any day now - can't wait to hold those 10 ounce Kooks!!

[Viper_99]

Nobody is thinking silver it is almost the 4th of July - they beat it down after the holiday! It topped off at 28.4 and now it is 28.1, it will come back down. In 25 days I will be cashing out some RRSP's - I need a low price!

[EL34]

(07-03-2012 05:14 PM)Viper_99 Wrote:  Nobody is thinking silver it is almost the 4th of July - they beat it down after the holiday! It topped off at 28.4 and now it is 28.1, it will come back down. In 25 days I will be cashing out some RRSP's - I need a low price!

yeah, well I think something is in the air.
A few reasons
Gold is about to cross the center line on the MacD 1 day chart
There are several other news items going - Iran, Libor, etc
and Jim Sinclair just released this

http://www.silverdoctors.com/jim-sinclai...rget-3500/

And Eric Sprott interview here
http://kingworldnews.com/kingworldnews/B...prott.html

Check out the MacD on one day Gold - image 1
Something usually happens when the MacD crosses zero heading upwards.
If you want a grin, look at Gold exactly one year ago today on the 2nd image

[EL34]

In addition to the info I posted above, take a look at Gene Arensberg's video
Gene follows what the big institutions are doing and provides very clear, down to earth information based on the positions they take

I really like Gene's stuff and I will probably subscribe to his service

26 minutes long, but hang in there to get the big picture on silver.

http://www.gotgoldreport.com/2012/07/com...+Report%29