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What, no Tuesday beat down? - Printable Version

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What, no Tuesday beat down? - EL34 - 07-03-2012 07:59 AM

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. Sad

RE: What, no Tuesday beat down? - boyfromdixie - 07-03-2012 08:57 AM

going up get on board. lol

[Image: silverspotgraphxi.png] [Image: goldspotgraphxi.png]

RE: What, no Tuesday beat down? - EL34 - 07-03-2012 09:18 AM

LOL, the day ain't over yet.

Maybe this will be the Tuesday when the beatings stop. Tongue

RE: What, no Tuesday beat down? - boyfromdixie - 07-03-2012 09:21 AM

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

RE: What, no Tuesday beat down? - silversaver - 07-03-2012 10:00 AM

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

RE: What, no Tuesday beat down? - dragonfly5 - 07-03-2012 10:25 AM

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

RE: What, no Tuesday beat down? - harbl_the_cat - 07-03-2012 12:08 PM

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 Smile

RE: What, no Tuesday beat down? - dragonfly5 - 07-03-2012 12:25 PM

(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 Smile

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!!Big Grin

RE: What, no Tuesday beat down? - Viper_99 - 07-03-2012 05:14 PM

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!

RE: What, no Tuesday beat down? - EL34 - 07-04-2012 04:58 AM

(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-sinclair-cartels-battle-to-stop-gold-has-been-lost-gold-to-target-3500/

And Eric Sprott interview here
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/7/1_Eric_Sprott.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 imageBig Grin

RE: What, no Tuesday beat down? - EL34 - 07-04-2012 09:46 AM

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/comex-silver-futures-skewed-short-potentially-explosive.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+typepad%2Fggr+%28Got+Gold+Report%29