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Silver: Strongest Volatility In The Market

  • #61
  • Mar 19, 2008 11:27am Mar 19, 2008 11:27am
thanks bro. do you hv demo with mt4 with gold? can you send me the link if u got demo which is providing gold charts? thanks buddy.
regards
Quoting salah k.
this is one site that puts live quotes
http://www.kitco.com/

but personally i think u should open a demo on the net.

good luck bro
  • #62
  • Mar 19, 2008 11:55am Mar 19, 2008 11:55am
Quoting kenneith
thanks bro. do you hv demo with mt4 with gold? can you send me the link if u got demo which is providing gold charts? thanks buddy.
regards
u can google it or use saxo bank
they have gold and silver
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63
  • Mar 19, 2008 5:12pm Mar 19, 2008 5:12pm
Quoting salah k.
1868 pips in 1 day
thats amazing and worth discussing
any1 up for it
True, but you don't want to be on the wrong side of 1868 pips.I think this is what keeps my trades in Silver short and sweet. Called another live trade on Silver today. Scored 117 pips on Silver 1hr chart, posted that result. Scored another 85 pips later on.This I didn't post.

When trading forex 117 and 85 in one day's trading is almost incredible.When trading Silver it nearly feels like an underachievement!! Especially when you consider, the instrument's range for that day was 1955 pips!!

Here's where I call the trades.
http://www.forexfactory.com/showthre...12#post1913212
  • #64
  • Mar 19, 2008 5:15pm Mar 19, 2008 5:15pm
Quoting Doji Star
True, but you don't want to be on the wrong side of 1868 pips.I think this is what keeps my trades in Silver short and sweet. Called another live trade on Silver today. Scored 117 pips on Silver 1hr chart, posted that result. Scored another 85 pips later on.This I didn't post.

When trading forex 117 and 85 in one day's trading is almost incredible.When trading Silver it nearly feels like an underachievement!! Especially when you consider, the instrument's range for that day was 1955 pips!!

Here's where I call the trades.
http://www.forexfactory.com/showthre...12#post1913212

today i had my concentration fully on cable so i closed my silver with a couple of pips profit.

i hated this because my sell was at 19.854
anyway its all good
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65
  • Mar 29, 2008 4:33pm Mar 29, 2008 4:33pm
hey fellow traders
any1 up for discussing cable

charts show bearish moves
so if we witness dollar strength we might actually see 16 again.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66
  • Mar 30, 2008 12:09am Mar 30, 2008 12:09am
Had brought Silver at 17.03750 and gold during the retracement, i still believe it will move up next week. I used daily chart.
  • #67
  • Mar 30, 2008 11:06am Mar 30, 2008 11:06am
Quoting honeyclover
Had brought Silver at 17.03750 and gold during the retracement, i still believe it will move up next week. I used daily chart.

i dont know about that bro because 4h charts show bearish trend
so unless dollar shows more weakness i think we gonna see 16.000 levels again.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68
  • Apr 26, 2008 6:45pm Apr 26, 2008 6:45pm
hello fellow traders

we need to try and revive this thread to be able to analyze silver
because if u notice it is the beast in the market with a minimum of 500pips daily ranging to as much as 2000 pips a day.

if u dont believe me ask DOJI STAR

anyway we can analyze it and make the best of it.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69
  • Apr 26, 2008 6:58pm Apr 26, 2008 6:58pm
I'm waiting for the equities to mini crash again. Then the yen carry trade will unwind bringing down the metals with it. After that looking to go long long time on silver. Hopeful getting in between 15.00-15.50 area somewhere there. Mid year always ranging for the metals. What do you think?
  • #70
  • Apr 26, 2008 7:12pm Apr 26, 2008 7:12pm
Quoting pippy le pur
I'm waiting for the equities to mini crash again. Then the yen carry trade will unwind bringing down the metals with it. After that looking to go long long time on silver. Hopeful getting in between 15.00-15.50 area somewhere there. Mid year always ranging for the metals. What do you think?
i think u couldnt be more correct

but one problem remains which is oil

i mean it just keeps braking new highs and taking dollar down
thats what kept silver and gold from braking previous lows

anyways this week should hold some strength for dollar and only then will it kick silver's ass

at least thats wat i think will happen at least in the short term

any comments my friend are appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71
  • Apr 28, 2008 9:47am Apr 28, 2008 9:47am
hi everyone

anybody knows any sites that give us all the info about crude oil

supply demand
political problems....
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72
  • May 30, 2008 4:37am May 30, 2008 4:37am
Hello,
Glad I found the thread. I've been fibbing silver for a while and thought I'd share a possible short. I believe she will drop to 16.326 this is the lower 38 fib extension.

Scotty B
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  • #73
  • May 30, 2008 4:43am May 30, 2008 4:43am
man am i glad i found someone interested in silver
after all it makes more than 500 pips daily.

my charts say it should go down to about 440 but the problem at the moment is dollar is facing a bit of a selloff due to this weeks good gains.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #74
  • Edited 4:51am May 30, 2008 4:50am | Edited 4:51am
Quoting salah k.
man am i glad i found someone interested in silver
after all it makes more than 500 pips daily.

my charts say it should go down to about 440 but the problem at the moment is dollar is facing a bit of a selloff due to this weeks good gains.
Yeah I like silver, because it doesn't eat up to much margin. In my opinion it trades like anything else. I look forward to trading and tracking it with you.
  • #75
  • May 30, 2008 4:53am May 30, 2008 4:53am
i wanted to ask u
whats ur long term view for commodities

i mean for this quarter
do u c them down due to possible dollar strength

or back to their all time highs due to more dollar depreciation and rising oil numbers
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76
  • May 31, 2008 3:29pm May 31, 2008 3:29pm
The market is unsure whether this is the bottom of the US rate cycle at 2%. The USD has been falling sharply for 6 years. In effect, all commodities, goods and services priced in USD's will need to be constantly repriced upwards as a result. Rising inflation and ever increasing money supply or M3 at plus 18%, continues to destroy dollar purchasing power.Oil is playing catch up along with all other commodities which have had lower lagging prices in dollar denominated value. Most likely, range bound conditions to remain mid year, until September. After this, another explosive move across the board with higher prices for all tradable assets such as Silver. My target is for 15.00 - 18.50 until early September, then 30.00 in December 08.As always, imho.
  • #77
  • May 31, 2008 3:50pm May 31, 2008 3:50pm
great analysis

however
i have a different view of the ending of the year and silver price

u know as it is seen
for six year aka bush era dollar depreciated almost 70% of its value

now this year marks the end of this era

putting that aside lets go back to the down to earth fundamentals
looking at inflation in the US
the numbers that came out were total bull****

so far i havent been hearing from the US people except 100% increase on this product and that
they are really hurting from inflation
hence the FED has got to start looking at it
and i think we will see rates rise heavily hence causing oil and other commodities to depreciate heavily because i mean for the big players they look like good shorts
so i think silver will keep ranging but by the end of the year i see it at 15-16$

but any scenario could play out
the most important thing is theres no point at holding long positions in silver it already plays 600 to 1300 pips daily
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #78
  • May 31, 2008 4:20pm May 31, 2008 4:20pm
Will the FED lift rates to over 10% in the near term? I thinking the are historical too late to impact the enocomy with the desired effect. Vockler lifted the rates to 21% to kill inflation and prices in the early 80's. The money supply in the USA is one of the highest among the western world and therefore will feed the inflation double whammy. Falling dollar purchasing power via the M3 blow out and rising cost from overseas products costing more by there increasing of the money supply such as 10.6% in the eurozone, diluting local currency purchasing power, cannot be taken lightly. Rising hyper inflationaey effects are a guarantee under current central bank policies of saving the world's banking system, ie. print there way out. Its really just question of time, when and how high can prices of commodities such as Silver go?
  • #79
  • May 31, 2008 4:29pm May 31, 2008 4:29pm
Quoting pippy le pur
Will the FED lift rates to over 10% in the near term? I thinking the are historical too late to impact the enocomy with the desired effect. Vockler lifted the rates to 21% to kill inflation and prices in the early 80's. The money supply in the USA is one of the highest among the western world and therefore will feed the inflation double whammy. Falling dollar purchasing power via the M3 blow out and rising cost from overseas products costing more by there increasing of the money supply such as 10.6% in the eurozone, diluting local currency purchasing power, cannot be taken lightly. Rising hyper inflationaey effects are a guarantee under current central bank policies of saving the world's banking system, ie. print there way out. Its really just question of time, when and how high can prices of commodities such as Silver go?
i get ur point

and i cant respond to that as the reactions of the FED and bernanke specially are not easy to predict especially in these difficult times.

but thnx for further explaining ur point
u have added info to my mind to think about and hopefully try to figure out and eventually help my trading.

all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #80
  • May 31, 2008 4:38pm May 31, 2008 4:38pm
I wish I had some clear answer to when and where prices of Silver will go. All we can do is watch for sharp falls as a buying opportunity and higher spikes as a quick scalping short trade.
Cheers.
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