Dan Norcini "Silvers unbelievable price action is dragging gold up!!!" (WOOHOO!!

[Large Sarge]

www.jsmineset.com

Extraordinary Action In Silver Helping Pull Gold Higher
Posted: Aug 25 2010 By: Dan Norcini Post Edited: August 25, 2010 at 2:18 pm

Filed under: Trader Dan Norcini

Dear Friends,

Something extraordinary is obviously occurring in silver as it continues to shrug off any selling pressure that has normally been tied to the “risk aversion” trade. This is the second day in a row in which it has moved sharply higher blowing through chart resistance levels with ease and forcing a huge deal of pain for the shorts.

I cannot say with certainty what is occurring but it appears that one or more big players is challenging the perma shorts in this pit and is evidently doing so with great success thus far.

Silver is actually pulling gold higher in spite of the obvious capping that is occurring by the bullion banks above the $1,240 level.

Click chart to enlarge in PDF format



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[Book]

Silver's "unbelievable price action" is it not recovering to the $20 it was two years ago while GOLD has zoomed to 1240 today.

:ROFL:

[Neuro]

Silver's "unbelievable price action" is it not recovering to the $20 it was two years ago while GOLD has zoomed to 1240 today.

:ROFL:


Certainly long term silver is still far from shining, but short term gaining more than a dollar in a day is something to be happy about, but I won't celebrate in funny hats until it reaches 25 bucks. Who knows this may be the time when da dawg jumps...

[Serpo]

GOLD & SILVER DIVERGE FROM COMMODITIES

The impact from the cancer and desperation of QE2, the next undermine of the USDollar (and other major currencies), can be seen in the price of Gold. Better yet, watch the price of silver, whose price movement has actually been leading gold upward. This week, for the first time in perhaps a decade, silver defied the industrial metals and economically dependent energy sector. Silver is money. Both copper and crude oil fell in price, but silver rose strongly. By the day's end, gold was pulled up by silver. And this happened on a week that features options expiration, which usually sees a strong naked short pounce by JPMorgan, of course to make America strong and liberty exportable. Witness the beginning of outright visible lost control by the syndicate.

http://news.goldseek.com/GoldenJackass/1282766700.php

[Neuro]

GOLD & SILVER DIVERGE FROM COMMODITIES

The impact from the cancer and desperation of QE2, the next undermine of the USDollar (and other major currencies), can be seen in the price of Gold. Better yet, watch the price of silver, whose price movement has actually been leading gold upward. This week, for the first time in perhaps a decade, silver defied the industrial metals and economically dependent energy sector. Silver is money. Both copper and crude oil fell in price, but silver rose strongly. By the day's end, gold was pulled up by silver. And this happened on a week that features options expiration, which usually sees a strong naked short pounce by JPMorgan, of course to make America strong and liberty exportable. Witness the beginning of outright visible lost control by the syndicate.

http://news.goldseek.com/GoldenJackass/1282766700.php
I would hope so, but a couple of days of heat doesn't a summer make...

[chad]

silver isn't dragging anything besides an albatross around it's neck...

[zap]

silver isn't dragging anything besides an albatross around it's neck...



I agree, hasn't even hit 19 :redfc

[Saul Mine]

Well, ya gotta remember, these guys get paid for saying something that sounds good and meeting a deadline, not for being right or even coherent. I saw a blurb HERE (http://gold-silver.us/forum/the-worlds-financial-collapse/coming-silver-collapse-best-way-to-play-straddle-trade-or-bear-leveraged-etf/new/#new) predicting that silver would either go up or down. WOOT! Aren't you glad to know that? Trouble is people have been predicting that for two years and they have all been wrong. Nobody predicted a flat market!

Follow your own advice. It may not be better than advice from talking heads, but at least it comes from someone who cares about whether you lose or gain.

[JohnQPublic]

silver isn't dragging anything besides an albatross around it's neck...



I agree, hasn't even hit 19 :redfc


It hit a high of $19.03 on the COMEX (I think COMEX colsed there) for Sept. delivery.

[zap]

silver isn't dragging anything besides an albatross around it's neck...



I agree, hasn't even hit 19 :redfc


It hit a high of $19.03 on the COMEX (I think COMEX colsed there) for Sept. delivery.


Whoo hooo ! ;D

[Silver Sammy]

Silver's "unbelievable price action" is it not recovering to the $20 it was two years ago while GOLD has zoomed to 1240 today.

:ROFL:




Don't you be hatin' on silver now!

[Neuro]

Silver's "unbelievable price action" is it not recovering to the $20 it was two years ago while GOLD has zoomed to 1240 today.

:ROFL:




Don't you be hatin' on silver now!

wow a ss-sighting!!!!