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SLV - Silver ETF & Silver Futures - SI - Page 17

post #321 of 3659
Still holding my Jan 27 calls, tomorrow will be a big day I can see silver breaking the 27 mark very soon. RSI rebounded nicely off 45, the 20 SMA is close to crossing the 50, everything is lining up nicely we just need some volume tomorrow to propel us through.

The short term downtrend was broken today with the gap up, let's see if that can hold tomorrow.
post #322 of 3659
silver looking good right now...
almost all commodities are up
post #323 of 3659
I dumped my gold right during this big drop and bought some silver. What a difference. In two days I am up what took me 6 weeks to accumulate in gold. Silver and palladium are certainly leading the way forward.
post #324 of 3659
Holy crap, nice fireworks at 3:45pm!
post #325 of 3659
Pretty interesting video to watch.

http://www.xtranormal.com/watch/7735595/
post #326 of 3659
There are some interesting tidbits in it... In particular, I was not aware that there is less silver available in bullion form than gold. This does make a good case for further bullish momentum.
post #327 of 3659
COMEX MIGHT change the rules...no ONE person/institution may hold over a certain % of the entire silver market

Quote:
Originally Posted by waddy41 View Post
http://www.zerohedge.com/article/chr...e-manipulation

Interview with Ted Butler: The End of Silver Price Manipulation

2010 has been an exceptional year for silver. The price has increased over 50% to-date, and the CFTC (the US commodity regulatory body) issued a statement last month admitting that the market price of silver may have been (and still may be) fraudulently manipulated. An investigation is underway.

Ted Butler is one of the pre-eminent commentators on the silver market. In addition to his decades following the metal, he's spent years raising suspicions about silver’s suppression by a few large banks taking on egregiously large short positions. The current CFTC action is a direct result of Ted’s activism.

In the podcast below, I conducted an in-depth interview with Ted focusing on the most important aspects that anyone interested in silver needs to know now. In short, Ted predicts the imminent end to the manipulation will ultimately send the price higher - much higher.

The podcast covers:

* Why silver has such a compelling value story
* The coming silver supply crunch
* The argument behind the allegations of silver price manipulation
* Drivers behind the recent price action in silver
* Why price volatility will increase
* The expected outcome of the CFTC’s investigation and why Ted thinks it will be "a bombshell for the silver market"
post #328 of 3659
Silver is showing some strength on an otherwise bearish day today.

Edit: Major resistance level here at 27.16. If we break through, it'll be very bullish.
post #329 of 3659
I was hoping to get some SLV at $24... I was too greedy, missed out on this move completely.

Lets see what the dollar does next.
post #330 of 3659
Why oh why did I pass on SLV over the summer
post #331 of 3659
SLV SHOULD follow gold...golds been flat...so silver should have a downfall
post #332 of 3659
Quote:
Originally Posted by ze20001984 View Post
SLV SHOULD follow gold...golds been flat...so silver should have a downfall
Thats what I was thinking...but looks like some decent action today. I was waiting to buy back at the 20 ema..thought for sure we would see that touched today. I jumped back in at 26.30 today, for fear it would fill that gap without me.
post #333 of 3659
I hope Silver recover back to $29 or so.
post #334 of 3659
Nice strength this morning.
post #335 of 3659
Here is the SLV move I was looking for earlier this morning!

Break out!

chart.ashx?t=slv&ta=1&p=d&s=l
post #336 of 3659
Quote:
Originally Posted by StockJock-e View Post
Here is the SLV move I was looking for earlier this morning!

Break out!

chart.ashx?t=slv&ta=1&p=d&s=l
Where do you reckon it will climb to from here. Been waiting for quite some time for this thing to get to this price. Think we will see $30 this week
post #337 of 3659
$30 this week?!? Doubt it.
post #338 of 3659
Quote:
Originally Posted by Internationalstocks View Post
Where do you reckon it will climb to from here. Been waiting for quite some time for this thing to get to this price. Think we will see $30 this week
Watch that trendline that's hanging overhead for a possible target.
post #339 of 3659
maybe 33-37 $ before year-end
post #340 of 3659
Whew, finally out of my 28 December calls. Went from $1300 loss to $300 loss so I'll take it. I just don't want to hold this month's calls, and I made up for the loss in other ways. I have a few Aprils I'm planning to just hold, and might buy January calls on a dip for a quick trade.
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