Can Silver Break Through $36.50 Tonight?

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#1 Tue, Jun 14, 2011 - 4:45pm
Silver Danny
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Can Silver Break Through $36.50 Tonight?

It's looking like we will have to wait till the start of Asian trading before we start to move up past the $35.50 range. I'm thinking we might see some short covering and/or buying in the Asian trading hours that should push silver to $36. The question is then do we have enough short covering to take silver to $37 after that?

Edited by: Silver Danny on Nov 8, 2014 - 5:10am
Tue, Jun 14, 2011 - 4:48pm
Silver Danny
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Ugh, that should be a $35.50 in the Title....

Yep, first silver post on the site and I blow it blush, anyways that should be a $35.50 in the title.

Tue, Jun 14, 2011 - 4:50pm (Reply to #2)
Matt Foley
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I'm going to say..... Yep!

I'm going to say..... Yep!

I live in a van down by the river!
Tue, Jun 14, 2011 - 4:53pm (Reply to #2)
Piter
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edit

Battle Beagle wrote:

Yep, first silver post on the site and I blow it blush, anyways that should be a $35.50 in the title.

you can edit your first post. no need to make mess with another one.

We have broken the wedge so I think we will retest 32-34 anyway..

Tue, Jun 14, 2011 - 4:54pm (Reply to #4)
Silver Danny
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I was looking for the edit

I was looking for the edit button .....but I could not find it?

Tue, Jun 14, 2011 - 5:00pm
Silverfish
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I'm with Piter

Believing in a re-test of the 32-34 area. No real entry point right now from my point of view. On the other hand silver is not predictable so you never know. ;)

Tue, Jun 14, 2011 - 5:09pm (Reply to #6)
Silver Danny
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$32-$34 Retest

Silverfish wrote:

Believing in a re-test of the 32-34 area. No real entry point right now from my point of view. On the other hand silver is not predictable so you never know. ;)

I think we will have a retest of 32-34 also, but I think we have a short term top at around the $36.50-$37 range this week or early next week before we roll over again. Looking at the charts it appears the bounce is not quite done yet, but what do I know...I'm just a dog ;)

Tue, Jun 14, 2011 - 5:23pm
Cabrera
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It will go to 36 drop to 35

It will go to 36 drop to 35 then back to 37

Tue, Jun 14, 2011 - 5:25pm
HappyNow
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It's pretty much a WAG for

It's pretty much a WAG for what happens tonite.

Would not surprise me at all to reach $36 on asian trading.

I don't think we'll be over $35.50 at NYSE open though.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Jun 14, 2011 - 5:28pm
atlee
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resistance is 36 and 36.50.

resistance is 36 and 36.50. Agree, should retest lows. Today was a bounce in a down trend. Bounce could continue tomorrow. Head wind now is bond mkt going lower will support stronger dollar.

Tue, Jun 14, 2011 - 5:45pm
MetalPrices
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Short squeeze to $37 but then

Short squeeze to $37 but then I fear a rather large drop to around $30 for this summer. It will be interesting to see what happens in asia tonight. Best of luck to you all.

Tue, Jun 14, 2011 - 5:45pm
snoochieboochies
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I'm cautious about jumping

I'm cautious about jumping back in at the moment unless we get a solid bottom. Being a noob, i think i made every mistake in the book...jumped in too early before Turds bottom, didn't set any stops as it was going up, got over enthusiastic when it did go up and then followed it all the way back down until it hit a stop that i finally put in to make sure that i didn't loose any money pmsl. That said. It was a good learning experience nonetheless and i'm hoping to actually make some money next time!

I'm a noob, please don't take anything i say as trading advice!!
Tue, Jun 14, 2011 - 5:52pm
Ruprecht
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Uh....No

<eom>

Tue, Jun 14, 2011 - 5:52pm (Reply to #12)
NCOT
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Snooch, in by book, trading

Snooch, in by book, trading and not losing money is almost as good as making it!

Any information written above is purely for entertainment purposes only. I will not be held responsible for my own comments as I'm slightly mentally unhinged. As most people quote a movie in their signature here's one: "Who's the more foolish, the fool or the fool who follows him?" . Don't be the fool that follows me!
Tue, Jun 14, 2011 - 6:03pm
shaunster
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Agree - bounce

I am going to agree with day trader dad;

A squeeze to $37 then a drop to?

If you never did, you should. These things are fun and fun is good. ~ Dr Seuss
Tue, Jun 14, 2011 - 6:14pm (Reply to #10)
MisesFan
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re: short term resistance

atlee wrote:

resistance is 36 and 36.50. Agree, should retest lows. Today was a bounce in a down trend. Bounce could continue tomorrow. Head wind now is bond mkt going lower will support stronger dollar.

Much obliged, sir.......good to see Keith's pic again

Tue, Jun 14, 2011 - 6:15pm (Reply to #10)
Ollywood
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Hi Atlee, are u on the

Hi Atlee, are u on the sidelines at the mo? If so any plans in the works? Value your opinion Btw Princess Bride quote produced a massive grin

Tue, Jun 14, 2011 - 6:18pm
huiaid
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Can Silver Break Through $35.50 Tonight?

I am thinking it will go up to $36.5 to $37 and then drops back to $33-$34 and maybe even touch the 200 days moving average before it rockets back up during the fall.

Tue, Jun 14, 2011 - 6:23pm
Bstone
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Follow Me!!

Gold told Silver.........funny how Silver 3 day Chart looks much like Gold. Other than a couple tiny dips here and there they are similar. People are not ready to give up on Gold or Silver but they are ready to give up on the market as a whole until some signs of steadiness are shown.

This is just my two cents but I believe anyone with a June 18 call on Silver is more than likely going to lose, especially me having a couple 35 and 36 calls, but I just bought a 34 call yesterday when we saw a near bottom and I believe that we will see Silver hit 38.50 - 39 at highest by July 1, the reason I say this is because of the Economy as a whole and U.S. debt payments by Aug. 2nd could rally Gold and Silver one last time, I think all this takes place towards end of this month no different than Turd explained a while back. If I am wrong........I'm wrong, but I feel very confident we will hit at least 39 by July 1.

"Wild Bill"
Tue, Jun 14, 2011 - 6:24pm
Mike Victory
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Cash

Been raising cash for the past few weeks.

Likely to turn it into phiz soon.

Tukey sez this is the bottom.

I think I found Stella on the old turd, I like him.

Stella sees a $1425 bottom.

WTFK

Tue, Jun 14, 2011 - 6:26pm (Reply to #19)
Bstone
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34 call

I stated I bought a 34 call ...........just to clear that up, it was a July Call, not a June, lol

"Wild Bill"

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