Silver dips under $30.00

[TheProf]

Just happen to notice silver went under 30 bucks for the first time in a long time.

 

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[palidin20603]

Completely normal, silver always seems to retrace 50% after a new high. I have seen this all the way back to 2002.

 

[SFBayArea]

I've already discussed this a few weeks ago. I saw it coming and sold off some more at the low $32 range.

http://forum.treasurenet.com/index.php/topic,436382.msg3108955.html#msg3108955

 

[Yinzi50]

Now let's dig out the old posts and find out who were saying the price would reach $100!

 

[mleblanc138]

Talked to my buddies at my local coin shop. They said it was because France and Germany were denied a bailout, and in turn the Euro drops, which sends the US Dollar Index up. Which makes no sense because the Dollar Index is weighted against other fiat currencies.

 

[palidin20603]

Tommorrow is the day when Dec options expire, so this weeks volitility is due to people closing position or change positions in the options markert. Options expire 3rd Friday of ever month.

 

[clovis97]

Now let's dig out the old posts and find out who were saying the price would reach $100!

I personally believe that silver will still make $100 an ounce.

It might not make it in the near future, but it will eventually. I could expound on the subject ad nauseam, but I will save everyone the trouble.

I could be wrong...I have been wrong exactly one other time in my life (add sarcasm icon here)...but that is my story and I am sticking to it, even if silver hits $4 an ounce!

 

[SFBayArea]

Talked to my buddies at my local coin shop. They said it was because France and Germany were denied a bailout, and in turn the Euro drops, which sends the US Dollar Index up. Which makes no sense because the Dollar Index is weighted against other fiat currencies.

They can give whatever reason they want for rise or drop. Even if unexplainable, they come up with something. I've seen companies come out with a great quarter and yet the stock barely moves up and then crashes the next day along with the rest of the market. All the facts are in the chart. Everything is shown in the charts even before the news hits the market. That's all you need to do. Traders unfortunately dictate the market on the paper side. It's not really a fact of supply or demand. It's speculation that dominates.

Options are just options. They are an excuse for anything else along with whatever. Options is not a huge part of the trading market. Although, a good trader could use what they know to take some option contracts.

 

[SFBayArea]

Now let's dig out the old posts and find out who were saying the price would reach $100!

I personally believe that silver will still make $100 an ounce.

It might not make it in the near future, but it will eventually. I could expound on the subject ad nauseam, but I will save everyone the trouble.

I could be wrong...I have been wrong exactly one other time in my life (add sarcasm icon here)...but that is my story and I am sticking to it, even if silver hits $4 an ounce!

I believe that it could go to $100/ounce but will we be around by then, that is the question. That would be too far into the future to determine using charts.

 

[thepianoman999]

If we all drink more beer, silver will rise again. Time becomes warped when you are drunk, and I'm sure that silver will rise again sometime in my lifetime. Just keep drinking. If you black out for a day, you're a day closer to rising silver. Damn I'm smart.

Perhaps this post will be deleted. I think it's better than being drunk on Facebook though.

 

[Bum Luck]

If we all drink more beer, silver will rise again. Time becomes warped when you are drunk, and I'm sure that silver will rise again sometime in my lifetime. Just keep drinking. If you black out for a day, you're a day closer to rising silver. Damn I'm smart.

Perhaps this post will be deleted. I think it's better than being drunk on Facebook though.

After decades, I've finally got something to believe in!