Something is up!!!!

[FreedomUIC]

Silver up $.56 cents an oz this morning, Gold almost $20.00, Palladium up, Rhodium down.

Anybody have any insight?

 

Amazon Forum Fav 👍

A Handbook of Civil War Bullets and Cartridges - Grab it through Amazon!

[Bowen89]

silver is looking to breakout. Unfortunately i feel like it wont top $40. Everyone i feel like it gonna sell off from what ive heard and gold at 2100. People need to stack!

 

[Marchas45]

The $35.00 point has been tested 3 times now and I predict a move on up to the next Resistance Point of $37.50 which I believe is much weaker so it may go higher. Hold on to your seat, we are in for a fun ride. Lol.

 

[jim4silver]

Silver up $.56 cents an oz this morning, Gold almost $20.00, Palladium up, Rhodium down.

Anybody have any insight?

Yes, it is called the next wave up of this 10+ year bull market in PMs. Just got some more fuel to it with the QE3 announcement.

Generally before any bull market ends there is a final wave up where the gains percentage wise are higher than during the entire prior part of the bull run. We have not yet had such a final up wave- sometimes called parabolic wave, thus I believe 100 silver will happen for sure, but when that is I don't know for sure. But you will see it within 3 years or less I believe.

I still say 50 bucks or more by Christmas.

Jim

 

[Marchas45]

I'm with you Jim, easy $50.00 by the end of the year. My friend posted this.

I'm expecting another increase in the COT shorts today---They Can Short This Twice As Large As They've Already Shorted And Not Be "Caught Short". It's So Amusing To Read These Silly Turd Proclamations That They'll "Cover All Their Shorts Until It Reaches 1:1 with Longs" Charlie

 

[Bowen89]

I hope you guys are correct cause i just feel like alot of people will sell off. I bought my lcs out of 90% halfs and they already had customers bring in another 500. People in my area are selling off

 

[Bowen89]

btw 34.49... what the hell happened

 

[jim4silver]

btw 34.49... what the hell happened

There will be much volatility going forward. As they say, "you ain't seen nothing yet". When things really start heating up in the markets down the road you will see 100 a day movements in gold and several dollars a day in silver, either up or down.

As far as who is buying and selling, I consider it a great omen when lots of regular folks are selling their silver and gold. It is when the average man/woman on the street is starting to buy/hoard gold and silver that it will be time to head for the doors. A lot of people who are selling their PMs now at the local coin shops are selling because they need the money to pay bills and not because they are silver/gold bugs who are cashing out because they feel PMs have topped, at least that is what I hear from my coin dealer acquaintances.

Jim

 

[Marchas45]

LMAO they have plenty of Shorts left what a smack down, now we are heading up. Time to visit the coin shop for one last buy. Next Resistance Point $37,50

 

[Diver_Down]

As far as who is buying and selling, I consider it a great omen when lots of regular folks are selling their silver and gold. It is when the average man/woman on the street is starting to buy/hoard gold and silver that it will be time to head for the doors.

Jim

This reminds me of WB's famous quote "...be fearful when others are greedy and greedy when others are fearful."

 

[FreedomUIC]

Something is now down. ROFLMAO....