Silver Just Smashed Through its 200 DMA!

[AmericasLastHope]

 

[Seraphim]

I mentioned in another recent thread that silver is more likely to retest its all time high, then it is to drop in price by any substantial measure.

I stand by that.

Not only will there be numerous 50-100 cent UP days in the coming weeks/months - once this rally is confirmed by the ALGO's watch the price go haywire with numerous 2$+ UP moves.

From there, queue the dramatic increase in PREMIUMS as physical shortages become common place.

 

[Seraphim]

Additionally, the way PM's are acting lately - it appears that a substantial revaluation is under way in relation to stock markets.

Generally, PM's move up and down with the TSX (relatively strong correlation). The TSX is a commodity loaded stock index.

Lately, PM's have been going up a lot - while the stocks have been FLAT.

Not only do expect the gold to silver ratio to get more narrow - but the purchasing power of the metals will increase in relation to stock markets.

 

[Steven Douglas]

I mentioned in another recent thread that silver is more likely to retest its all time high, then it is to drop in price by any substantial measure.

I stand by that.

Not only will there be numerous 50-100 cent UP days in the coming weeks/months - once this rally is confirmed by the ALGO's watch the price go haywire with numerous 2$+ UP moves.

From there, queue the dramatic increase in PREMIUMS as physical shortages become common place.

I'm right with you, but my hunch, and that's all it is, of course, is that we're seeing the formation of a left-tilted (upward inclining) inverted head and shoulders (bullish). I see silver going through another "ratchet-style" correction, doing as it did before: make a somewhat large move above the current ceiling (spiking upwards to $65 once it breaks $53 or so?), with lots of profit taking. A massive correction back to something around $38. But I also think the quiescent period following will be more short-lived than before (6-8 months?), as that may be the last of the "relatively small" corrections we'll see before the lid comes off and the ceiling head of the real beast starts to come into view.

 

[Len Larson]

I'm still stacking, so I hope there is a "correction" when the ECB announces an aggressive printing policy at their Sept. 6 meeting.