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Thread: Silver/SLV

  1. #1

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    Talking Silver/SLV

    Check out the excellent channel.

    http://stockcharts.com/h-sc/ui?s=SLV...d=p51972347693

    Wanna play?
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."


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  3. #2

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    Thumbs up Re: Silver/SLV

    OK!
    You take [SLV]. I'll take [$GOLD]!
    How many shares?
    Need to wait till they get oversold. RE--> Slow Sto.
    Spaf

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  5. #3

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    Default Re: Silver/SLV

    I already bought the SLV right after the Slow broke 20. Also try GLD for gold, a good friend of mine at work saw a report where GLD will go to $750 in a very few months.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  6.  
  7. #4

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    Talking Re: Silver/SLV

    Up another 1% today. Spot silver 24 hour chart.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  8.  
  9. #5

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    Post Re: Silver/SLV

    Still holding.

    Why Silver And Not Gold?




    As you know I've been long silver as of Tuesday and you can read about the reasons why I am bullish by clicking here.

    Since Tuesday silver has rallied sharply and I am still holding onto my long position.

    I've received a few emails asking why I seem to be more bullish on silver than on gold. Well first of all let me say that I think both gold and silver will rally but I think silver will be the metal that rallies the most.

    If you look at the above chart you will see a 4 year weekly chart of the silver/gold ratio. A rising ratio line means silver is outperforming gold while a falling ratio line means silver is under performing gold.

    In the lower pane is the stochastic oscillator. Every time this oscillator has moved below the buy line and turned up, silver has outperformed gold. This indicator has been 100% correct over the last 4 years on it's buy signals which I think is amazing.

    Right now the stochastic oscillator has crossed upwards confirming yet another buy signal. So as you can see, the above chart is the reason why I am more bullish on silver than on gold. I'm looking for this ratio to make new highs. I hope this clears things up..We'll see in the weeks to come if this analysis is indeed correct.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  11. #6

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    Default Re: Silver/SLV

    Down 5% on the old silver. Getting bored with it now, but I will continue to hold it because I'm addicted to silver and have a very, very small position.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  12.  
  13. #7

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    Default Re: Silver/SLV

    I forgot to post that I sold the SLV for a 3% lose. No big deal, there are just better places to go with that money. Silver and Gold have not been gain even thou the dollar has weakened. That perplexes me some what or I just jumped ship to early.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  15. #8

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    Default Re: Silver/SLV

    Well aint that a fine how do ya do! SLV up 2.3%!
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  17. #9

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    Arrow Spending Like A Drunken Sailor

    There is a lot more to this article but it is huge.

    SPENDING LIKE A DRUNKEN SAILOR
    by Howard Ruff


    Also, remember that most of the easy shallow silver has been mined over
    the centuries, even with primitive methods, and the silver deposits are
    still being depleted. For example, during the Roman millennium, silver
    coins were used for currency, so the Romans, after they conquered
    Spain, expropriated the large Spanish silver mines so they could use
    the silver for their own coins. They soon depleted the shallow mines,
    so they began to counterfeit their own currency, mixing silver with
    base metals, making the coins thinner, or clipping the corners.

    As the mines were further depleted, it got worse and worse until the
    citizens began to distrust the currency, demanding more and more of it
    in exchange for their goods and services, causing a great inflation.
    Soon, the far-flung Roman Legions refused to accept the less-and-less
    valuable coins at face value for their pay, and began deserting in
    droves. This inflation was one of the root causes of the fall of the
    Roman Empire-all because they counterfeited the currency.

    Now, silver industrial applications have soared into the thousands, and
    there are few satisfactory substitutes in sight. New silver mines are
    getting harder and more expensive to find, and supply is falling
    farther and farther short of demand. One expert claims that the deeper
    you go into the ground, the less silver there is.

    Both metals are far rarer than most people know. All the gold ever
    mined since the dawn of history, including that in central banks, gold
    fillings and sunken shipwrecks in the Caribbean, would cover a football
    field about four feet deep. And, demand is now leaping past new
    supplies.

    China and India are enjoying a historic burst of capitalist prosperity,
    and their booming new middle class is enthusiastically buying gold and
    silver jewellery, creating soaring new demand! Silver use is incredible
    and rising! The thousands of irreplaceable silver industrial uses,
    partially accounts for the shrinking inventory. Government silver
    warehouses are now all empty, and COMEX futures positions, much of
    which must be covered eventually by deliveries or purchases, are
    estimated to be equal to or greater than all new production!

    Silver is the poor man's gold. Think of gold as large denomination
    money, and silver as small change. A one-ounce gold coin now costs only
    about US$650, and you can buy a roll of pre-1965, 90 percent-silver
    dimes for close to US$50 a roll. Partly because it is so much cheaper
    that the potential buying pool is much larger, and industrial use is so
    much greater, silver will be more profitable than gold by at least 100
    percent!

    And there's more to come.

    Regards,

    Howard Ruff
    for The Daily Reckoning

    Editor's Note: Howard Ruff has been the Editor and Publisher of the
    award-winning financial newsletter, The Ruff Times, for 32 years, and
    wrote the biggest selling financial book in history in the '70s (2.6
    million copies) which was a major factor in helping to create the great
    gold and silver bull market of the '70s. You can get a copy of his
    latest book, Ruff's Little Book of Big Fortunes in Gold and Silver on
    his website at:

    http://draustralia.c.topica.com/maag8nyabz0a9bJhMSdbafpTkF/
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."


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  19. #10

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    Default Re: Silver/SLV

    http://stockcharts.com/h-sc/ui?s=SLV...d=p64165249185

    SLV is at a major convergence of support.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  21. #11

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    Arrow Re: Silver/SLV

    Silver is getting pounded OS and I don't know why. I hope it is the flush before the rally.

    http://www.kitco.com/charts/livesilver.html
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  23. #12

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    Default Re: Silver/SLV

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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