Silver May Decline 20% as Coin Sales Signal `Crowd': Technical Analysis

leveller2911

smeagold wrote: »

Silver rose 80% in 2010 and has now corrected 8%, perfectly normal correction: its not the first time and it won't be the last. Calling it a crash reveals a deep ignorance of economics and markets, copper oil wheat soya have all corrected recently , oil dropped from $92 to $88 last week is that a crash? you expecting cheaper petrol or food going forward. If you learn the difference between a crash and a correction in a bull market people might take what you have to say slightely more seriously.

By your own definition if 8% drop in silver is a crash what is a drop in UK housing(nominal avg) from £183,959 (Q2 2007) to £163,244 (Q4 2010)?



When silver rises you say its "rose" and yet when it falls why do you call it a "correction" rather than say "its fallen".....

Whats wrong with saying the value has "Dropped or fallen"?...Is it like in the theatre where no mention "Mac Beth" by name its always "the Scottish Play"??

Its not a dig i'm just interested to know...

smeagold

leveller2911 wrote: »

smeagold wrote: »

Silver rose 80% in 2010 and has now corrected 8%, perfectly normal correction: its not the first time and it won't be the last. Calling it a crash reveals a deep ignorance of economics and markets, copper oil wheat soya have all corrected recently , oil dropped from $92 to $88 last week is that a crash? you expecting cheaper petrol or food going forward. If you learn the difference between a crash and a correction in a bull market people might take what you have to say slightely more seriously.

By your own definition if 8% drop in silver is a crash what is a drop in UK housing(nominal avg) from £183,959 (Q2 2007) to £163,244 (Q4 2010)?


When silver rises you say its "rose" and yet when it falls why do you call it a "correction" rather than say "its fallen".....

Whats wrong with saying the value has "Dropped or fallen"?...Is it like in the theatre where no mention "Mac Beth" by name its always "the Scottish Play"??

Its not a dig i'm just interested to know...

Sorry old chap but when traders or investors or the likes discuss markets, doesn't matter which type of market, they use the words crash, dip or correction to differentiate between the types of falls. The word 'fall' only communicates whats happening not the nature or degree of the fall.

RenovationMan

Loopgames wrote: »

I'll just have 2 more trucks ready.:D

Let's hope you have enough money to chase down the market. I should watch 'Trading Places' if I were you.

JonnyBravo

Loopgames wrote: »

I'll just have 2 more trucks ready.:D

If you load them with silver what you going to play with in the sandpit then?

RenovationMan

JonnyBravo wrote: »

If you load them with silver what you going to play with in the sandpit then?

Perhaps his sandpit has silver coloured sand, so he could both continue to play in the sandpit and yet fill the trucks with silver. A win-win situation!

Loopgames

JonnyBravo wrote: »

If you load them with silver what you going to play with in the sandpit then?

I'm sure my kids won't miss them 'Jonny-cartoon network- bravo'.:p

Loopgames

RenovationMan wrote: »

Let's hope you have enough money to chase down the market. I should watch 'Trading Places' if I were you.

I've noticed the funds placed in silver seems to be getting better return than the cash in the bank.

If the markets do fall for silver - and I expect it to for the next 6 months - then I would buy and hold. Same strategy as last year. Sold at peak £647 per kilo and just rebought when it fell again at £572 per kilo. Took the profits before buying btw.

Now it's even cheaper..I'll hold until next year or when I feel like trading it again..I'm using a different startegy to other silver bugs on here but happy to hold for longer periods if necessary.

lvader

smeagold wrote: »

leveller2911 wrote: »

Sorry old chap but when traders or investors or the likes discuss markets, doesn't matter which type of market, they use the words crash, dip or correction to differentiate between the types of falls. The word 'fall' only communicates whats happening not the nature or degree of the fall.

I agree with this however it's not till after the event that you know the type of fall, we are past dip but as silver is still falling we don't know for certain if this is a crash or not. I'm guessing it is a correction though. If it is a correction we would be looking for the price to go past the $31-32 mark by March/April.

smeagold

lvader wrote: »

smeagold wrote: »

I agree with this however it's not till after the event that you know the type of fall, we are past dip but as silver is still falling we don't know for certain if this is a crash or not. I'm guessing it is a correction though. If it is a correction we would be looking for the price to go past the $31-32 mark by March/April.

I agree with that too, we're far past dip territory now but not a crash(yet?) and even though thats just a matter of debate would be more than maybe 30%(at a guess)

RDB

smeagold wrote: »

lvader wrote: »

I agree with that too, we're far past dip territory now but not a crash(yet?) and even though thats just a matter of debate would be more than maybe 30%(at a guess)

I love these dips. I am buying as much as possible. Its just its getting harder to find the best priced places have all sold out and they themselves are on waiting lists to get more silver bullion.