@crazeyspivey I basically agree with your thinking. I’m thinking markets in general will pull back and silver will temporarily be included in the pullback. Pullbacks are usually caused by some major event that upsets the markets like 911 or Bear Stearns, etc, etc. Don’t think for a minute the silver shorts aren’t left with other strategies. Physical would be smart to buy now, since it would likely just demand more premium if the spot price pulls back.
@syyenergy7 Considering the HUGE positive fundamentals, scarcity, etc., the two-week pullback we have had is far sufficient, and actually unjustifiied. Im hoping this stead will getty-up and get back on the fast track again.
We still may see gold 1280 silver 25, but the way the markets been acting i would of expected a sharper downturn by now. Still watching 29.20, we are flirting with it again if we can regain that it may be the launch to a new high. Either way the highs are yet to come in this longterm bull.
@crazeyspivey Yes I saw that. I also suspected it might rise some. It will not have a pullback in a straight line either. I don’t trust it in the short term. I could be wrong. In the short term I just don’t trust it. I expect a pullback soon. Not as severe as some say because of China buying. A pullback would actually be a very good thing because it would cause a Lot of buying and further appreciation that would spur more buying. I hop to hit it near a low.
where was fibinocci when price went from 21 to 8 lol..nowhere to be found..big boyz could care less..so, is the price goin over 32? or under 26? lol ..easy to monday mornin quaterback a chart..just sayin.
@syyenergy7 Did you see the Asian market running Silver to $29.20 tonight? Wow……30 is right around the corner, again. You better fire-up your laptop and hit the “buy” key before its too late…..ha ha. In summary, we both see megga issues or events that would give Silver a huge reason to soar much higher in price. Sadly, we can celebrate seeing our silver appreciate, but this in no way equalizes the suffering we will see when the dollar collapses.
@crazeyspivey I think you right and I almost bought some of the silver back that day it hit 28 but was away from my laptop at that time. My guess is that it could go up or sideways but I think this Iran war is overdue, The Iran oil bourse is a big threat to the west. Any thing that shakes people up makes them move to cash, Initially. Also 1st quarter usually sees a pullback in commodities. It’s quesswork and playing my odds. I don’t know the future except silver will move higher long-term.
Derek…..I dont think anyone persued your line of thinking regarding how the spot price for Silver is determined. You are so right….it is madness, a fraud, a total scam. Banksters are printing endless silver paper contracts, and selling on the markets, driving the “paper” and spot price down. This spot price based on these fradulent paper contracts is what we use to determine physical silvers price. Madness indeed! Soon, its got to come unglued, and silver will soar.
@syyenergy7 My gutt is telling me that this morning’s low of around $28 is as far south on the latitude scale that Silver is gonna go…..and we will be back above $30 before the end of Jan. Would be interesting to discuss further those “events” which you see impacting Silver. Tunsia rebellion spreading thru austericized EU nations & the EU collapsing, dollar collapsing, massive first quarter inflation, war, Comex default….What is your most likely trigger?
@LazzyRabbit Wascully Wabbit…….Imagine Clint Eastwood standing by you saying “Feelin Lucky?” as your trying to figger if he shot 5 or 6 shots. Maybe you will be lucky by waiting until mid Feb., but my gutt tells me that we saw the bottom this morning around $28, and she is going to be back above $30 before the end of January. Good luck Pilgrim.
Thanks again I relay like the new presentations of the charts, the box adds a great human touch. I am slowly starting to understand it more & your explanations are so helpful.
I like the charts that you created. I suspect a pullback to maybe 26, but if it drops below $28 I will start to rebuy ETF’s. Below $28 could mean a fast move in either direction. I also suspect some event may trigger a general market upset which would also include silver. If that occurs, it would be a buying time. I keep think the Iran war is very close and that will affect markets.
@artdeco101010 bullion mainly and do make wagers on the paper market sometime for silver to be higher or lower at a certain point than its current value. its a better gambling game.
If you dont mind, exactly where do you host your blog? I am shopping for a good quality host and your weblog appears to be extremely fast and up most the time
BC: she was obviously talking about how she felt that the bulk of al-Qaeda’s operations had moved from Afghanistan to Pakistan and Yemen, which is mostly true, especially in regards to Pakistan.
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34 comments
No ping yet
thereelstory says:
February 9, 2012 at 3:48 am (UTC 0)
Thanks for always making these vlogs.
syyenergy7 says:
February 9, 2012 at 4:04 am (UTC 0)
@crazeyspivey I basically agree with your thinking. I’m thinking markets in general will pull back and silver will temporarily be included in the pullback. Pullbacks are usually caused by some major event that upsets the markets like 911 or Bear Stearns, etc, etc. Don’t think for a minute the silver shorts aren’t left with other strategies. Physical would be smart to buy now, since it would likely just demand more premium if the spot price pulls back.
crazeyspivey says:
February 9, 2012 at 4:43 am (UTC 0)
@syyenergy7 Considering the HUGE positive fundamentals, scarcity, etc., the two-week pullback we have had is far sufficient, and actually unjustifiied. Im hoping this stead will getty-up and get back on the fast track again.
TheNick487 says:
February 9, 2012 at 5:00 am (UTC 0)
We still may see gold 1280 silver 25, but the way the markets been acting i would of expected a sharper downturn by now. Still watching 29.20, we are flirting with it again if we can regain that it may be the launch to a new high. Either way the highs are yet to come in this longterm bull.
syyenergy7 says:
February 9, 2012 at 5:22 am (UTC 0)
@crazeyspivey Yes I saw that. I also suspected it might rise some. It will not have a pullback in a straight line either. I don’t trust it in the short term. I could be wrong. In the short term I just don’t trust it. I expect a pullback soon. Not as severe as some say because of China buying. A pullback would actually be a very good thing because it would cause a Lot of buying and further appreciation that would spur more buying. I hop to hit it near a low.
FXNorm says:
February 9, 2012 at 6:18 am (UTC 0)
where was fibinocci when price went from 21 to 8 lol..nowhere to be found..big boyz could care less..so, is the price goin over 32? or under 26? lol ..easy to monday mornin quaterback a chart..just sayin.
JackOffVille says:
February 9, 2012 at 6:44 am (UTC 0)
$29.10 just a moment ago!
crazeyspivey says:
February 9, 2012 at 7:38 am (UTC 0)
@syyenergy7 Did you see the Asian market running Silver to $29.20 tonight? Wow……30 is right around the corner, again. You better fire-up your laptop and hit the “buy” key before its too late…..ha ha. In summary, we both see megga issues or events that would give Silver a huge reason to soar much higher in price. Sadly, we can celebrate seeing our silver appreciate, but this in no way equalizes the suffering we will see when the dollar collapses.
syyenergy7 says:
February 9, 2012 at 7:57 am (UTC 0)
@crazeyspivey I think you right and I almost bought some of the silver back that day it hit 28 but was away from my laptop at that time. My guess is that it could go up or sideways but I think this Iran war is overdue, The Iran oil bourse is a big threat to the west. Any thing that shakes people up makes them move to cash, Initially. Also 1st quarter usually sees a pullback in commodities. It’s quesswork and playing my odds. I don’t know the future except silver will move higher long-term.
0urGaia says:
February 9, 2012 at 8:03 am (UTC 0)
Just broke through $29 like it wasn’t even there so lets hope keeps on trucking. I love the passion in your video’s. Thanks
62636263c says:
February 9, 2012 at 9:03 am (UTC 0)
I would never criticize you on a call, I do not like eating my words.
crazeyspivey says:
February 9, 2012 at 9:59 am (UTC 0)
Derek…..I dont think anyone persued your line of thinking regarding how the spot price for Silver is determined. You are so right….it is madness, a fraud, a total scam. Banksters are printing endless silver paper contracts, and selling on the markets, driving the “paper” and spot price down. This spot price based on these fradulent paper contracts is what we use to determine physical silvers price. Madness indeed! Soon, its got to come unglued, and silver will soar.
smasila says:
February 9, 2012 at 10:28 am (UTC 0)
Agreed. Silver has kept at $28 even from the onslaught from JP Morgan. Amazing!
crazeyspivey says:
February 9, 2012 at 10:46 am (UTC 0)
@syyenergy7 My gutt is telling me that this morning’s low of around $28 is as far south on the latitude scale that Silver is gonna go…..and we will be back above $30 before the end of Jan. Would be interesting to discuss further those “events” which you see impacting Silver. Tunsia rebellion spreading thru austericized EU nations & the EU collapsing, dollar collapsing, massive first quarter inflation, war, Comex default….What is your most likely trigger?
crazeyspivey says:
February 9, 2012 at 11:11 am (UTC 0)
@LazzyRabbit Wascully Wabbit…….Imagine Clint Eastwood standing by you saying “Feelin Lucky?” as your trying to figger if he shot 5 or 6 shots. Maybe you will be lucky by waiting until mid Feb., but my gutt tells me that we saw the bottom this morning around $28, and she is going to be back above $30 before the end of January. Good luck Pilgrim.
drutter says:
February 9, 2012 at 11:18 am (UTC 0)
Great TA Derek, thanks!
badhabitz69 says:
February 9, 2012 at 11:33 am (UTC 0)
Doing a great Job Derek! Many thanks mate
kihjin says:
February 9, 2012 at 12:16 pm (UTC 0)
I just got a roll of 1964 silver quarters in the mail today =)
JezebelDecibel says:
February 9, 2012 at 12:38 pm (UTC 0)
Thanks again
I relay like the new presentations of the charts, the box adds a great human touch. I am slowly starting to understand it more & your explanations are so helpful.
endlessmountain says:
February 9, 2012 at 12:42 pm (UTC 0)
@kihjin probably I was on skype before and after the recording of the video
kihjin says:
February 9, 2012 at 1:26 pm (UTC 0)
skype @ 3:43 ?
syyenergy7 says:
February 9, 2012 at 1:26 pm (UTC 0)
I like the charts that you created. I suspect a pullback to maybe 26, but if it drops below $28 I will start to rebuy ETF’s. Below $28 could mean a fast move in either direction. I also suspect some event may trigger a general market upset which would also include silver. If that occurs, it would be a buying time. I keep think the Iran war is very close and that will affect markets.
argentummolonlabe says:
February 9, 2012 at 2:24 pm (UTC 0)
@van1976 I agree but keep an eye on the silver to gold ratio. I believe there has been some profit made as it returns to a normal ratio of 15:1
buzzz121 says:
February 9, 2012 at 2:52 pm (UTC 0)
Someone on ebay selling a pallet of eagles for $899,000 or best offer. Starting to wonder about this shortage thing.
endlessmountain says:
February 9, 2012 at 3:35 pm (UTC 0)
@artdeco101010 bullion mainly and do make wagers on the paper market sometime for silver to be higher or lower at a certain point than its current value. its a better gambling game.
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BC: she was obviously talking about how she felt that the bulk of al-Qaeda’s operations had moved from Afghanistan to Pakistan and Yemen, which is mostly true, especially in regards to Pakistan.
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