Wednesday, June 8, 2011
Tuesday, June 7, 2011
Is $36.7/ounce Silver an important level?
This 36.7 level was resistance on 7th March 2011 and then became support on 29th March 2011. From here it launched higher to hit the 31yr all time high of 49.79. As I write this post, the current spot price is 36.70. Prior to this it was support on both 26th May 2011 and 2nd June 2011 and a subsequent break to the downside before rising back up to this 36.70 level again. From this, we may be able to conclude, that in order for us to get excited again, we need to go above this 36.70 level and stay above it. Thereafter, we need to shoot past 38.50.
Saturday, June 4, 2011
Friday, June 3, 2011
Embry - Silver’s Drop is JP Morgan Trying to Protect Their Ass [June 3, 2011 King World News]
When asked about the recent downdraft in the metals Embry stated, “I think it just smacks of desperation. There is no reason silver should drop over a dollar in the access market on Wednesday, I mean that’s just JP Morgan trying to protect their ass as far as I’m concerned.
So this will run its course, and I noticed Turk said in his (KWN) blog that it could get down to $35 and I have no problem with that, I mean it’s just all noise here. It (silver) is just rebuilding its base for the next move, and the next move I think is going to be huge in both silver and gold. I think silver will easily take out $50 and gold will probably hit Sinclair’s long awaited $1,650 and go right through it like a hot knife through butter.”
When asked if this could be a big summer for gold and silver Embry replied, “Without question. One of the reasons I think so, aside from the obvious fundamentals which are screaming that people should be buying gold and silver, the other aspect is the remarkably negative sentiment. It’s shocking actually, considering what’s going on...
Read the full article HERE
Wednesday, June 1, 2011
Gold & Silver: Dance of the Bulls. Part 3 [By Gary Wagner] May 31 2011 9:01AM
This commentary will attempt to provide specific price targets for both gold and silver. We will combine both Elliott wave forecasting techniques combined with Fibonacci extensions to guide us to our conclusions and price projections.
As you can see from the chart below (figure 2), a daily chart in Japanese average (Heiken Ashi) format silver did find support and a bottom. The $32.52 price point for silver was a 50% Fibonacci retracement and also about equal a 76% retracement of this last rally. The chart below also shows we now have confirmation with the MACD technical study. The fact that the individual average candles have turned green signals a return of our bullish trend. Although we are clearly at a potential resistance point (the 50% retracement of this most recent rally), my long-term view remains bullish.
READ MORE @ ORIGINAL SOURCE
Monday, May 30, 2011
Saturday, May 28, 2011
Friday, May 27, 2011
Dear Capitalists of the World [By: Jason Hommel, Silver Stock Report] -- Posted 26 May, 2011
(Try to buy silver, just try!)
Silver Stock Report
The last time I challenged the Billionaires of the world to try to outperform silver, all failed, as I predicted. No billionaire reportedly doubled his wealth since September, 2010.
In September, silver was under $20/oz. Today, silver is $38/oz., and on a dip down from $49.50/oz.
I wrote, Dear Billionaires of the World
(The Silver Market is a tiny $1.9 billion)
Silver Stock Report
by Jason Hommel, September 2nd, 2010http://silverstockreport.com/2010/billion.html
(The Silver Market is a tiny $1.9 billion)
Silver Stock Report
by Jason Hommel, September 2nd, 2010http://silverstockreport.com/2010/billion.html
I wrote why silver would outperform, and I sent this information out to the top 25 Billionaires who had contact information via email that was available.
Since that time, billionaire Carlos Slim got into the silver market, but he sold 3 years worth of production already, and will likely miss out on much of the upside, unless he covers, and buys back that silver, on this dip.http://www.businessinsider.com/carlos-slims-incredibly-smart-silver-sales-2011-5
Also, since that time, Eric Sprott, who manages billions, and who might be a billionaire himself, listed my name, along with David Morgan and Ted Butler as "the smartest guys in the room" when it comes to silver.http://marcfaberchannel.blogspot.com/2011/01/david-morgan-interviews-eric-sprott-1.html
Why silver?
Read more @ ORIGINAL SOURCE
Wednesday, May 25, 2011
Embry - Silver Market Extraordinarily Tight, Look for $125 [May 24, 2011]
When asked about the action in silver specifically Embry remarked, “Let’s face it, silver needed a correction because it had gone up in almost a straight line and people were talking about parabolas and what have you. But the correction was amplified by the CFTC allowing or sponsoring five margin hikes in eight days. Every time the price was getting pounded they put in another margin hike, so anybody that was long and didn’t have extraordinarily deep pockets had to puke the position.
But I think the most interesting comment someone said was, ‘You know in the long-term move in silver this will look like the blip in the ’87 stock market crash.’ Then, as you know, they killed it (stocks) in ’87 and the stock market proceeded to go up 5 or 6 fold. I think silver will do exactly the same thing. It’s irritating if you’re long on margin because you are going to get kicked out of the position, but if you know the game, it was just another opportunity to get some cheap silver.”
Read more @ ORIGINAL SOURCE
Tuesday, May 24, 2011
Bottoms In! [By Warren Bevan, May 23 2011 11:23AM: www.preciousmetalstockreview.com]
Silver slid 0.93% for the week but held up well, or at least didn’t really fall further. It looks like we have a bottom here now with a higher degree of certainty than last week.
The question is, what now?
It would be nice to see silver move sideways for a little while rather than heading straight back up.
So far we’re holding the 100 day average and we’ll be testing the 21 day within a week or so if we remain in this region.
Read more @ ORIGINAL SOURCE
Sunday, May 22, 2011
Trader Dan on King World News Weekly Metals Wrap [Saturday, May 21, 2011]
Click on the below link to listen to the regular weekly radio interview with Eric King at King World News on the KWN Weekly Metals Wrap.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/21_KWN_Weekly_Metals_Wrap.html
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/21_KWN_Weekly_Metals_Wrap.html
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