Silver going parabolic?

[gdtrader]

Quote from Tsing Tao:

on the contrary, when i hear staff at work jumping on the train then i get even more worried. the last thing i want to hear is my taxi cab driver telling me he's long silver.

Bingo!! Its either the end of the dollar which I really doubt as bad is it is anywhere you go they still ask for USD instead of local currency.. and Silver won't but you food in US dollar will. As long as you can get food & rent in USD it will be there.... I think this is the feds way of buying back their debt real cheap and then coming back with dollar.

 

[bhristov1]

I am going on a limb and will post that I am now long 60,000 shares of ZSL with my finger on the sell button.

 

[Tsing Tao]

now we'll see if this is just a corrective phase or the beginning of something more.

 

[murray t turtle]

Quote from bhristov1:

I wanted to post a pic of what I am looking at.

=================
Thanks for the silver chart,BHR;
frankly, that trend line can mark a logical place to take some profits.Several other reasons also. The mini contract did pull back/close down,
but i havent studied that mini much, so may not mean much??.

The parabolic stop & reverse still shows bullish;
but i dont use it much.Local silver dealers still running many ads for buying silver & gold;
but that's local.................

Some fundamental & technical reasons why it may still be a good uptrend, but dont care to post those publically.

 

[bhristov1]

All i can say is wow. Look for bottom trend line support.

 

[claymc]

This really drop from 33.6 to 8.42