PMs on the move today (Oct 25)

[jim4silver]

If silver closes today above 33, it will be a very good short term signal re: the chart technicals, etc.

As I write this it is 33.20 or so. Don't know if it will hold up or not.

Jim

 

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[Marchas45]

If silver closes today above 33, it will be a very good short term signal re: the chart technicals, etc.

As I write this it is 33.20 or so. Don't know if it will hold up or not.

Jim

Well if the Asian market takes off when it opens then we'll know.

 

[Cleetus]

It won't go anywhere big, yet. The Federal Reserve prints dummy money and loans it interest free to their PPTs (Preferred Partner Traders), then they dump billions on the market. They can't stop it but they can cap it. They will only let us have a couple of bucks raise in the price at a time, then they take it down a little again. They are doing this on the paper markets, where they are trading more shares than the silver that actually exist. This reflects in the physical gold and silver prices.. JPMorgan is the PPT for the Silver, and Goldman Sachs for the Gold. They also account for about half the volume on our own Treasury Bonds, to create the illusion that someone actually wants them...they are in demand...a good place to put your money, etc.... Goldman is also infusing large amounts of dummy money into the Stock Market...Ever wonder why the Market goes UP on some of the worse economic news of our lifetime? While precious metals go DOWN?? If you have any doubt about this just watch the day charts. It usually happens 9 o'clock sharp on the NY market, and about an hour before they open on the Asian.... somewhere around there at least, several times a week.. The price will plummet in a matter of minutes with heavy volume of shares being sold, (often on good economic news!) then it chugs slowly back up. Every once in a while they throw us a bone, like yesterday. They can't stop the metals rising against fiat currency, but they can only cap it and slow it down. Do not despair...this is good news for all of us who haven't accumulated plenty of Precious Metals.!!!! Right now you can buy three 1 oz. coins with a hundred dollar bill, (I just bought 3 maple leafs for that 10 minutes ago)...soon you will only get two for your hundred dollar bill.....Three weeks ago you got three and the teller handed you back 5 bucks! It sure would be nice of they stomped the price hard for awhile and we got 4 ounces of bullion for our 100 dollars! Remember, too. Get plenty of ALLthe three precious metals.....Gold.......Silver.......and Lead. Right now 1 oz. Silver trades at about 1 box 50- .38 Specials

 

[blai745]

Right now 1 oz. Silver trades at about 1 box 50- .38 Specials

whoa you pay $33 bucks for a box of .38 specials...cheaper than dirt.com gots some for around $14...semi jacketed

 

[jim4silver]

If silver closes today above 33, it will be a very good short term signal re: the chart technicals, etc.
Jim

Looks like short term technical signals were right this time. 200 day moving average looks to be around 36 + or - a bit. If silver closes above the 200 day moving average in this "run", I believe there is a strong chance it will get back up to 40-42 or so.

Jim