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  • #14,361
  • Dec 14, 2011 9:32am Dec 14, 2011 9:32am
Quoting giantgroup
And now 1600! Reluctant to add to my shorts though
keep that thought as many started the day adding to shorts @ 1642 area.
  • #14,362
  • Dec 14, 2011 9:33am Dec 14, 2011 9:33am
This is option expiration this week, so the market is always pushed down more... usual for the last couple of months I think !!

This will not get that much lower... 1500-1550 ?? Silver ? 25 ?

If it goes below those points, there would be so much support, but it's good to have a great correction like this one. This can assure an healthy upside move soon, maybe in January.

Also, this is not related but for those of you who are interested with the relationship US-China...

China announced plans to impose anti-dumping duties on some vehicles imported from the U.S. after failing to block a U.S. tariff on Chinese tires.
Punitive duties will be as high as 12.9 percent for autos from General Motors Co. (GM) and 8.8 percent for Chrysler Group LLC, China’s commerce ministry said today on its website. The U.S. units of Bayerische Motoren Werke AG (BMW) and Daimler AG (DAI) will face duties of 2 percent and 2.7 percent respectively, it said.



haha



http://www.bloomberg.com/news/2011-1...bmw-falls.html
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #14,363
  • Dec 14, 2011 9:44am Dec 14, 2011 9:44am
Quoting forexfacts
Good prices, very crucial period, are "they" going to pump it from here or dump it, is a multi billion dollar question at the moment
I agree 100% though i dont know why i feel like buying some here
  • #14,364
  • Dec 14, 2011 9:45am Dec 14, 2011 9:45am
Quoting Bootleger
This will not get that much lower... Silver ? 25 ?
Tis the season to start thinking about our physical.
We started the year at 26.40 area, Start thinking about mm all the way to the 24-25 area and 21 if we have to.
2012 yearly ,however more accurate at years close.
$51-54
$36
$21-24
  • #14,365
  • Dec 14, 2011 9:48am Dec 14, 2011 9:48am
And also, for silver...

Silver Prices: Eric Sprott Hatches An OPEC For The Silver Industry (PSLV, SLV, AGQ, ZSL, GLD)

December 6th, 2011 Goto comments Leave a comment







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Dominique de Kevelioc de Bailleul: In a gesture of highlighting the glaring impediments and equally exciting opportunities facing the silver industry today, Sprott Asset Management CEO Eric Sprott issued a “A Call to Action” letter to 17 of the world’s largest silver producers, posted on one the world’s leading sources of breaking news in the bullion markets, King World News.



As a synopsis of the 1,876-word letter, Sprott outlines a compelling case for producers to hold back inventory for the sake of supercharging its balance sheets as well as maximizing future profits in the wake of drastically changed global market conditions from years past—namely, an environment

http://etfdailynews.com/2011/12/06/silver-prices-eric-sprott-hatches-an-opec-for-the-silver-industry-pslv-slv-agq-zsl-gld/

And for example, one company I'm following in Canada(TSX) started doing that for some months due to the sharp drop... so this is already starting and being done by some companies
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #14,366
  • Dec 14, 2011 9:56am Dec 14, 2011 9:56am
Free fall in gold and silver )
  • #14,367
  • Dec 14, 2011 9:57am Dec 14, 2011 9:57am
Quoting lilpip
Tis the season to start thinking about our physical.
We started the year at 26.40 area, Start thinking about mm all the way to the 24-25 area and 21 if we have to.
2012 yearly ,however more accurate at years close.
$48-51
$36
$21-24
If it goes to 25-, it would probably not be for a long time and over stretch...but hey JP Morgan can short a lot lol, so we should be ready ! I recently switch all my phys. gold for phys. silver,(to add to my silver position) this won't change much but it is probably worth it for LT. And I would look for more phys. below 25 if it goes there...

We had the correction we need in silver, and that 1.5 billions dollars physical buying from Sprott coming in the market will definitely have a big impact !
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #14,368
  • Dec 14, 2011 9:59am Dec 14, 2011 9:59am
more selling to come tomorrow ??
  • #14,369
  • Dec 14, 2011 10:04am Dec 14, 2011 10:04am
Quoting whatfx
more selling to come tomorrow ??
Seems to me too. Theres lots of room for another fall.
  • #14,370
  • Edited 10:48am Dec 14, 2011 10:06am | Edited 10:48am
Waiting to see a reaction...


.
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,371
  • Dec 14, 2011 10:09am Dec 14, 2011 10:09am
i fear for gold.

i fear there is some sort of demonic influence. thats causing gold to behave this way !
  • #14,372
  • Dec 14, 2011 10:16am Dec 14, 2011 10:16am
Quoting whatfx
i fear for gold.

i fear there is some sort of demonic influence. thats causing gold to behave this way !
This is just damned crazy. Not that I'm complaining
  • #14,373
  • Dec 14, 2011 10:31am Dec 14, 2011 10:31am
Thank God i holded my long desire. otherwise would have been drastic huh

The way its moving 1530-40 support might only work for a day or so.
  • #14,374
  • Dec 14, 2011 10:43am Dec 14, 2011 10:43am
Quote
We had the correction we need in silver, and that 1.5 billions dollars physical buying from Sprott coming in the market will definitely have a big impact !

Why do they tell us in advance ?
  • #14,375
  • Dec 14, 2011 10:44am Dec 14, 2011 10:44am
well, 75 seems to be holding. long anyone ?
  • #14,376
  • Dec 14, 2011 10:53am Dec 14, 2011 10:53am
Quoting whatfx
well, 75 seems to be holding. long anyone ?
I 'd rather not long now. Wait for the current 1 hour candle to finish forming and then the next one.1H &1D MACD are still pointing down
  • #14,377
  • Dec 14, 2011 10:54am Dec 14, 2011 10:54am
i entered a small long at 76. SWING TRADE, OPEN TILL IN PROFIT.
  • #14,378
  • Dec 14, 2011 10:56am Dec 14, 2011 10:56am
Quoting forexfacts
Why do they tell us in advance ?
Because it is a regulatory. He's doing that for an IPO so he needs to get the approval first and the delay was 2 weeks. And I think that those 2 weeks and coming due by tomorrow, I would have to verify. So basically, the reason is for regulatory approval.
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #14,379
  • Dec 14, 2011 11:15am Dec 14, 2011 11:15am
Quoting LasVahGoose
Waiting to see a reaction...


.
Didn't have a limit order in and entered late because I was on the phone, but got in with reduced position size and risk. I was expecting more of a reaction, but we'll see how this play's out... Not great PA, but a nice level...

.
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  • #14,380
  • Dec 14, 2011 11:16am Dec 14, 2011 11:16am
Can someone verify this?

Thank you,

Walt
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