Do my eyes deceive me. Was $26 the bottom for Silver?

[General of Darkness]

I'm seeing some really steady moves that basically makes me think the "REAL" market said FU and correct these nutz.

[MAGNES]

Early morning Monday real time post, kitco went down.


Kitco is down, lol, just like the good old days, everyone is having a heart attack, rofl !

Gold Lows , 1532.70 , 1535.00 , those volumes are for tonight I believe.
Have a look at the highs.
.................................................. ........................VOL .......OI
OCT 2011 1568.40 https://online.optionsxpress.ca/images/dn_arrow.gif-69.30 1663.30 1532.70 2,427 28,940

DEC 2011 1570.80 https://online.optionsxpress.ca/images/dn_arrow.gif-69.00 1666.30 1535.00 113,990 311,141

SI , low, volume, oi
26.15 29,289 72,367

[Shami-Amourae]

I called it @$26, and I'm sticking to it. It's still possible they could try something else in a day or so, but who knows.

[MAGNES]

I called it @$26, and I'm sticking to it. It's still possible they could try something else in a day or so, but who knows.

Calling silver , it is much easier to follow and call gold.
SI will land somewhere. I had some calls too, with charts + , now we wait and see,
gold is sitting on a major fault line, see my thread, short term we will have an answer.
SI will get rocked if they are not done with gold. I hope this happens.

[Neuro]

I'm seeing some really steady moves that basically makes me think the "REAL" market said FU and correct these nutz.

Yes, I think that was the lowest we will ever see from now on... Next is $50, and I think we will see that broken through in December to February, and then we will have a high around $100 in April/May.

THANK YOU FOR THE CHEAP SILVER BITCHEZ! I bought 18 kilos of silver shot at $28 an ounce! Hahaha

[Shami-Amourae]

Nice score Neuro.

:)

[1970 silver art]

I strongly feel that $26.00 was the bottom for silver since it had a great bounce up from that level yesterday and continues to go up this morning. Honestly, since silver went down and bottomed out at $26.00, I do not feel nearly as short-term bearsh (2011 only) like I felt in April. There is still a slight possibility that the $26 bottom will be tested in the near future. I did not know exactly when but I am just putting that out there as a slight possibility.

If silver falls back and tests that $26 level, then I think that this $26 support level will hold. I feel that silver will make a recovery but it will NOT hit $50 this year. $50 silver will not happen this year. However, I will make a wild guess by saying that silver will end up finishing somewhere between $37 and $41 on December 31, 2011.

I have been and still am long term bullish on silver and I feel that, sometime AFTER 2011, silver will eventually break free of JPM's "puppet strings" and will easily hit and exceed $50 and keep going up from that point.

[Large Sarge]

actually no disrespect to silver art or any other prognosticators, but the jimmy rogers contraindicator called it....

http://gold-silver.us/forum/showthread.php?54500-looks-like-the-bottom-is-almost-in-(the-rogers-contraindicator-has-spoken)&highlight=bottom

just like in July when the jimmy rogers contraindicator spoke (gold was $1500)

jimmy said "gold is looking kind of toppy at these prices, i would not buy" (I sent out the warning to my entire E-mail list "Buy Gold with both hands, the jimmy rogers contraindicator has spoken") of course Gold launched to $1900.00+ in the ensuing weeks)

[Neuro]

actually no disrespect to silver art or any other prognosticators, but the jimmy rogers contraindicator called it....

http://gold-silver.us/forum/showthread.php?54500-looks-like-the-bottom-is-almost-in-(the-rogers-contraindicator-has-spoken)&highlight=bottom

just like in July when the jimmy rogers contraindicator spoke (gold was $1500)

jimmy said "gold is looking kind of toppy at these prices, i would not buy" (I sent out the warning to my entire E-mail list "Buy Gold with both hands, the jimmy rogers contraindicator has spoken") of course Gold launched to $1900.00+ in the ensuing weeks)
So first he has a stellar investment record, together with Sore-ass, and then when he starts giving out his 'advice' for free, it turns horrendous. Hmmm interesting... Could it be that his jobdescription changed from Rothschild money manager to Rothschild bag holder recruiter?

[JohnQPublic]

I'm seeing some really steady moves that basically makes me think the "REAL" market said FU and correct these nutz.

Battle Hymn of the SLA

Mine eyes have seen the glory of the bottoming of silver
It has trampled out the 200 Day MA
Where the lower support did lie...

[Neuro]

Battle Hymn of the SLA

Mine eyes have seen the glory of the bottoming of silver
It has trampled out the 200 Day MA
Where the lower support did lie...
I saw this happening first time in August 2007 as Silver went down to $11. 6-7 months later it was at $21... It is generally interpreted as bearish going under 200 dma, for silver I am not quite sure!

[gunDriller]

http://vimeo.com/29590111

there are bottoms, and there are bottoms.

[Sparky]

Yes, I think that was the lowest we will ever see from now on... Next is $50, and I think we will see that broken through in December to February, and then we will have a high around $100 in April/May.

THANK YOU FOR THE CHEAP SILVER BITCHEZ! I bought 18 kilos of silver shot at $28 an ounce! Hahaha

Back to even. ;)

[Neuro]

Back to even. ;)

Still cheap! ;)