Look at silver go (down)!

[Lord.Maushi]

No matter if you draw the correct lines, what difference does it make if you lack the skills to read what price is doing at them ?

You drew a few good lines, but that's only the beginning.

You cannot assume they are lines to be faded.

If they fail, you must notice the failure.

If they bend and fake via a stop run, then resume their potential s/r component as well.

If they hold and bids are found, the same.

You are stuck at chart geometry 101 but that is only the beginning.

Learn some to read bars, there's a word of info in them and stop assuming lines have to hold without noticing the other events.

 

[1a2b3cppp]

Quote from Lord.Maushi:

No matter if you draw the correct lines, what difference does it make if you lack the skills to read what price is doing at them ?

You drew a few good lines, but that's only the beginning.

You cannot assume they are lines to be faded.

If they fail, you must notice the failure.

If they bend and fake via a stop run, then resume their potential s/r component as well.

If they hold and bids are found, the same.

You are stuck at chart geometry 101 but that is only the beginning.

Learn some to read bars, there's a word of info in them and stop assuming lines have to hold without noticing the other events.

That's the goal. Any tips on how to do any of those things are appreciated!

 

[C6H12O6]

Quote from 1a2b3cppp:

I don't read that site. What is going on with silver and gold over there?

I'll make a summary:
"Buy gold !! Please ?"

 

[1a2b3cppp]

Quote from C6H12O6:

I'll make a summary:
"Buy gold !! Please ?"

Do they give a reason?

 

[Brighton]

Quote from 1a2b3cppp:

Are you saying the price of silver will get so low that all the industrial companies who use it will buy all of it?

The price of silver stayed relatively flat for like 20 years after the first bubble crashed. Why didn't that happen then?

Some possible reasons:
- ore grades were higher back then
- electricity and liquid fuel prices were a lot lower
- inflate by x for 10 or 20 years the cost of people, land, technology/machinery and compliance (EHS)

I don't know how low silver can go, but I do know it can remain below the total cost of production (a flexible term) for a while. Depending on who you believe and the production region, silver is already below the cost of production, so is Australian coal, maybe Appalachian coal, US dry natural gas, arabica coffee and Brazilian sugar.

 

[TheActionKid]

This was definitely a shock to alot of people, including myself. I didn't think silver would retract to $18/oz levels. However, I really think we are around the bottom right here, don't see it going down much lower.
Current silver price ~ $18.60

-Action

 

[1a2b3cppp]

Quote from TheActionKid:

This was definitely a shock to alot of people, including myself. I didn't think silver would retract to $18/oz levels. However, I really think we are around the bottom right here, don't see it going down much lower.
Current silver price ~ $18.60

-Action

We will see!

Can I ask what your reason is for why you don't see it going much lower?

 

[murray t turtle]

Quote from 1a2b3cppp:

We will see!

Can I ask what your reason is for why you don't see it going much lower?

======================
Mr. 1a2b3c;
YOU mean besides that,, most LONG TERM TRENDS from 1980,
+ 1987,, ARE up.

Not a prediction; simply probabilities.Having taken out $20;
sure it could go lower.....

Just printed out a color chart like your 32+/ year candle chart-nice work.

murray t turtle Wisdom is profitable to direct

 

[1a2b3cppp]

Another down day today but still above recent support.

 

[murray t turtle]

Quote from 1a2b3cppp:

Another down day today but still above recent support.

===============================
Local dealer is buying above spot price, futures price;
silver + gold. Not a prediction; wisdom is profitable to direct.

Dont want to mention the dealers name, its a private company.