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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 06/15/2009 : 11:10:30
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How low do you think silver will go this summer? Since it didn't break through $15.75 resistence decisively, I think it goes back to a lower support level. A break through $14 silver will break the uptrend that started from November. If this occurs, the $12 silver support level will be tested quickly. Next support level after that is $10  .
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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goodcents
Penny Hoarding Member
USA
504 Posts |
Posted - 06/15/2009 : 11:28:10
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| wait and buy it up. I see 12 in the near future. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 06/15/2009 : 11:42:54
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I'm not worried. I'm confident in silver's long-term potential, therefore I view any dips as a buying opportunity.
Silver's weakness is due in part to the rebound of the dollar, which in turn is due to positive comments from Japanese and Russian officials about the dollar's status as the reserve currency. I tend to think that foriegn governments/investors want to give dollar the appearance of strength for now, so they can better prepare for the dollar's eventual devaluation. |
Edited by - theo on 06/15/2009 11:44:38 |
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kieblera5
Penny Hoarding Member
USA
859 Posts |
 Posted - 06/15/2009 : 12:07:30
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quote:
Originally posted by Country
How low do you think silver will go this summer? Since it didn't break through $15.75 resistence decisively, I think it goes back to a lower support level. A break through $14 silver will break the uptrend that started from November. If this occurs, the $12 silver support level will be tested quickly. Next support level after that is $10 .
I think that $10 silver would be great to have again for a little while. It'll give us small-time buyers another chance to stock up a little more. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 06/15/2009 : 12:12:35
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| It's my fault....I did a $2500 purchase on Saturday. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Publius
New Member
USA
20 Posts |
Posted - 06/15/2009 : 12:18:57
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quote:
Originally posted by CoinHunter53562
It's my fault....I did a $2500 purchase on Saturday.
Mine too. I did a large purchase last week as well. Doh!  |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 06/15/2009 : 12:40:58
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| Haha, can't blame me, I haven't bought anything |
Trolling is an art. |
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 06/15/2009 : 13:47:01
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quote:
Originally posted by Neckro
Haha, can't blame me, I haven't bought anything
ME neither. Though it could be my fault as my 40%er box is getting full and I always sell when it does . HH all, Mark |
"54/54/2280" |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 06/15/2009 : 14:26:35
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| i knew someone here caused it by making a purchase. now you guys need to take a bullet for the team and sell - that will make the price go back up. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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fb101
Administrator
USA
2856 Posts |
Posted - 06/15/2009 : 17:04:12
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| I don't think the drop will last. The dollar is showing a not unexpected uptick, but for now, it's sharp dowtrend is still very intact. |
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Nickelless
Administrator
USA
5580 Posts |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 06/16/2009 : 13:51:36
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| $14 support level holding. I think that is good. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 06/16/2009 : 15:05:46
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| Needs to plumet, so I can gets some. |
Trolling is an art. |
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Silver Down Again !
Forum Locked
