Australian (ASX) Stock Market Forum

Silver price discussion and analysis

explod

explod
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Re: SILVER

Lol, I get this image of you having a big treasure cave, filled with piles of silver bars and pieces of eight. :D

Nah, just a few shillings now and again. I purchased my portfolio percentage allocation a few years ago now for my super fund which is well vaulted away for my wheel chair days if I make it.

You see, my wife has this love of Crown casino pokie machines, she loves the rings they make sometimes (fewtimes). So I toddle off up the street and buy my coins with my share of the days allocation.

My motive is to ramp silver so that most ASF ers, can do very well and my own silver brings a good price too. Sort of like a community service to-x6.
 
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Re: SILVER

Q: Which milestone for silver USD/oz will come first - $50 or $30?

We very much look like we are going to shoot for $50, but will we make it? My projections are high 40's at the best but they can be easily over run in the short term. If we do a hot run at $50 the likely downside is $25 (IMO) BUT it all depends on how we get to $50 ($4x??). T/A is not prediction... I very much have to study the character of the market as we approach the high here before I will feel comfortable about calling the probability of BIG correction. IMO this all depends on how the Fed chooses to manage the transition from QE2 to the inevitable QE3, they could make it slightly bloody in an effort to get the political mandate for QE3. Pulling liquidity for a while could have a big effect on silver and the commodities in general... which would fit the Feds goals. I favor this idea which leads to the idea of a big US summer correction in the PM's and commodities.
 
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Re: SILVER

So what about US$6,000 per ounce in a few years ?

http://www.youtube.com/watch?v=I_AvvvNOzNU&feature=fvwrel

I cant get my head round it but its looking hot all the same to this little ole black duck.

Easily.... :D Just taking the 70's multiples gets you to $5700 and this current inflationary effort puts the 70's into the shade. Calculating the ultimate high is a little futile as it entirely depends on what the Fed and other CB's are up to and how soon/if they get religion and have their Volker moment. I once did some simple calculations using the then current growth rates and arrived at $30K quite easily.... but then what will $30K USD buy you if that becomes reality? We could see silly numbers if the Fed keeps this going... or not if Mr Volker makes a come back... so it means little. Take a look at the Zimbabwe $ gold chart, but then take a look at the Z$ value! They could lose value in real terms on gold and still be a mile ahead of holding Z$.... Will the US actually go Zimbabwe? Some say it is baked in the cake! :eek:
 
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Re: SILVER

Easily.... :D Just taking the 70's multiples gets you to $5700 and this current inflationary effort puts the 70's into the shade. Calculating the ultimate high is a little futile as it entirely depends on what the Fed and other CB's are up to and how soon/if they get religion and have their Volker moment. I once did some simple calculations using the then current growth rates and arrived at $30K quite easily.... but then what will $30K USD buy you if that becomes reality? We could see silly numbers if the Fed keeps this going... or not if Mr Volker makes a come back... so it means little. Take a look at the Zimbabwe $ gold chart, but then take a look at the Z$ value! They could lose value in real terms on gold and still be a mile ahead of holding Z$.... Will the US actually go Zimbabwe? Some say it is baked in the cake! :eek:

LOL... I thought I was on the Gold thread! Silver 6K.... hmmmmmm :eek:
 

explod

explod
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Re: SILVER

LOL... I thought I was on the Gold thread! Silver 6K.... hmmmmmm :eek:

Prolley just a bit of pressure Mr Z, all have those days, and among the good there will be more.

Anyway how are those silver shorts going.

Glad I chose long.

And for those worried about the exchange rate, the silver price is strong and we have now gone past $40 an ounce Australian.

And who mentioned lolliepops and lattee's along the St Kilda coffee strip. Just had my first red.
 
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Re: SILVER



Prolley just a bit of pressure Mr Z, all have those days, and among the good there will be more.

Anyway how are those silver shorts going.

You are inferring that I am short silver? Where on earth did you dig up that little fantasy? :D ;) LOL

No it was just phat fingers and moving too fast. I don't concentrate to much on forums... normally busy watching price screens and this just fills in the gaps.
 

explod

explod
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Re: SILVER

You are inferring that I am short silver? Where on earth did you dig up that little fantasy? :D ;) LOL

No it was just phat fingers and moving too fast. I don't concentrate to much on forums... normally busy watching price screens and this just fills in the gaps.

In that particular aspersion I was not refering to you but do find we can bounce of each other without offence being taken. Some names I would not include or quote.

All just fun on a Friday night.

Probably a shame we are not short tonight, and maybe the traders in Europe are tuned is as silver has crashed since my last post post. :banghead:
 

explod

explod
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Re: SILVER

Silver just sailed through the $44 price barrier.

And today through the $45 barrier. up to 3% a day.

Up 260% in 12 months and some say we are headed for US$100 in the next 12 months. I suppose that's only anoher 110%

When following a trend "it climbs a wall of worry" but then again "do not stand in front of a charging bull".

And another, "hang out the red flag and you will be bowled over" Now some of you would like to see that; he he :D

Interesting times we live in.

The down side is that across the globe people have less in which to buy food, the numbers of starving grow as our polititions "play the fiddle as Rome burns" And increasing crowd violence of those with less each day is now barely reported.

Sad times we live in and those of us profiting need to think of it.

A placard during a US election awhile back (I think for GWB's 2nd term)held up by a right wing group, cant' spell it all but simply stated "F... the poor". Has continually haunted me since. We are so lucky in Australia and let no one forget it.
 

Logique

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Re: SILVER

..Q: Which milestone for silver USD/oz will come first - $50 or $30?...(Last Gold:Silver - 36.05)
12 days on, and it's moved from 39 up to 46.60, I think the question is nearly answered. Gold:Silver is at a staggering 32.3

Even more, the AUD/USD now at 1.075, so now I suppose we strike out after the Swiss Franc at 1.128
 

explod

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Re: SILVER

Silver is going parabolic... 49.794 just before....

The corection expected could be near now.

A rise like this is orchestrated to my mind. Have seen it many times over the years. It will rise then when everyone is tuned in it will be smashed on the early Wall Street trading. An attempt will be made to loosen weak hands. Do not be surprised to see it go to US$ 46 very quickly. I believe on a closing basis the support at US$45.50 will hold but that's only a feeling.

An attempt by the bullion banks to save themselves had to come and it could get very rough in the next day or so.
 
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Re: SILVER

The corection expected could be near now.

A rise like this is orchestrated to my mind. Have seen it many times over the years. It will rise then when everyone is tuned in it will be smashed on the early Wall Street trading. An attempt will be made to loosen weak hands. Do not be surprised to see it go to US$ 46 very quickly. I believe on a closing basis the support at US$45.50 will hold but that's only a feeling.

An attempt by the bullion banks to save themselves had to come and it could get very rough in the next day or so.

5$ swings will be the norm. So what? enjoy the ride up bro adn stop whinging. :p
 

prawn_86

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Re: SILVER

5$ swings will be the norm. So what? enjoy the ride up bro adn stop whinging. :p

As this is a first post i am going to allow it. But going forw2ard Choofer, please note that ASF is a place for facts and analysis. Why do you think $5 swings will be normal? What evidence/proof/suggestions can you provide to back up this statement?

I suggest you read the site rules and guidelines.

Thanks
 
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Re: SILVER

And Silver is going up. em, no surprise here.....



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Re: SILVER

The corection expected could be near now.

A rise like this is orchestrated to my mind. Have seen it many times over the years. It will rise then when everyone is tuned in it will be smashed on the early Wall Street trading. An attempt will be made to loosen weak hands. Do not be surprised to see it go to US$ 46 very quickly. I believe on a closing basis the support at US$45.50 will hold but that's only a feeling.

An attempt by the bullion banks to save themselves had to come and it could get very rough in the next day or so.

Annnnnd the award goes to explod! Silver did in fact drop 4$ overnight, and now is forming a large triangle consolidation. Now the mystery is it going to rebound or will it drop more?
 
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