My 24 hour spot silver price prediction.

[123tim]

I seem to be infatuated with the spot silver chart. I watch it several times a day trying to make sense of it:

http://66.38.218.33/charts/livesilver.html

Silver is going up again!


It seems that when the time comes for the NY Globex (Or Sidney - I can't tell which) the direction usually changes. I predict a totally upward trend until tomorrow with a rapid downward spike at 8:00.


I have nothing to base this on other that what it has been happening lately. I really don't understand much more than up and down. (Except for what I've learned today from others that makes me think that something is intentionally driving down prices.)

[voytechs]

I seem to be infatuated with the spot silver chart. I watch it several times a day trying to make sense of it:

http://66.38.218.33/charts/livesilver.html

Silver is going up again!


It seems that when the time comes for the NY Globex (Or Sidney - I can't tell which) the direction usually changes. I predict a totally upward trend until tomorrow with a rapid downward spike at 8:00.


I have nothing to base this on other that what it has been happening lately. I really don't understand much more than up and down. (Except for what I've learned today from others that makes me think that something is intentionally driving down prices.)

I just read about that too. Lets see if we get a down spike in the AM:

http://www.kitco.com/images/live/silver.gif

[noxagol]

Go go PPT!

[123tim]

Well, Silver didn't rise quite as sharply as I had predicted. I guess that I won't be getting that Wall Street job anytime soon. :)

It's almost 8:00......I wonder if Silver (and Gold) will be pounded again today?

[GunnyFreedom]

Well, Silver didn't rise quite as sharply as I had predicted. I guess that I won't be getting that Wall Street job anytime soon. :)

It's almost 8:00......I wonder if Silver (and Gold) will be pounded again today?

I keep having to talk myself out of selling my house and everything I own, basically going homeless, to put it all into silver for the next 24 months... I'm expecting something like 800% gains over the next 2-4 years. As it is I am pretty well broke, so in 2 years, if the economy does what it looks like, I may well be homeless anyway. ;)

[123tim]

I keep having to talk myself out of selling my house and everything I own, basically going homeless, to put it all into silver for the next 24 months... I'm expecting something like 800% gains over the next 2-4 years. As it is I am pretty well broke, so in 2 years, if the economy does what it looks like, I may well be homeless anyway. ;)

Makes you wonder doesn't it?

Does anyone remember the guy on the forum who said that he was going to take out a huge loan and buy PM's? This was around November. Makes me wonder if he did it.

I'm starting to wonder if a house is actually going to be an asset in the future. Seems like buying a nice camper to become a Nomad might be better. (Just crazy-talk....Wondering and doing are two different things - I do think about it quite a bit though.)

[123tim]

8:06 and no fall yet.

[Dr.3D]

8:06 and no fall yet.

Wait until 8:21 EST that is when the market opens.

[Bruno]

While we all wait, here is a humorous article about gold and silver mentioning Paul and Schiff.
http://www.atimes.com/atimes/Global_Economy/JI18Dj01.html

[123tim]

While we all wait, here is a humorous article about gold and silver mentioning Paul and Schiff.
http://www.atimes.com/atimes/Global_Economy/JI18Dj01.html

Thanks for that article.

I've been reading quite a few articles (Blogs actually) deriding Ron Paul and his stance on money. It's good to see ones like this every once in a while.

[Dr.3D]

Looks interesting today.

http://www.kitco.com/images/live/nysilver.gif

It's going up at this point in time.

[123tim]

Wait until 8:21 EST that is when the market opens.

And.......nothing.

Maybe that Post about AIG being the culprit was correct?

[123tim]

Looks interesting today.

http://www.kitco.com/images/live/nysilver.gif

It's going up at this point in time.

I'm actually half excited about this.

The only bad part is that Silver going up is bad for almost everybody in the U.S.

[Dr.3D]

And.......nothing.

Maybe that Post about AIG being the culprit was correct?

Well, from what I understand, there are 3 or 4 banks playing that game.
If we lose one, there are still 2 or 3 left.

[Bruno]

And.......nothing.

Maybe that Post about AIG being the culprit was correct?

Are you referring to this one that AIG might have been shorting silver? Hard to believe there is 100 times the silver being traded than physically exists.

http://jessescrossroadscafe.blogspot.com/2008/05/silver-price-manipulation-through-naked.html

[123tim]

Well, from what I understand, there are 3 or 4 banks playing that game.
If we lose one, there are still 2 or 3 left.

That's bad news isn't it?

Did you notice that the graph looks a lot less "choppy" today? Maybe it's just my overactive imagination.


Are you referring to this one that AIG might have been shorting silver? Hard to believe there is 100 times the silver being traded than physically exists.

http://jessescrossroadscafe.blogspot.com/2008/05/silver-price-manipulation-through-naked.html


Yep. That's the one!

I just don't uderstand how this can be done.

[Dr.3D]

Did you notice that the graph looks a lot less "choppy" today? Maybe it's just my overactive imagination.


I tend to watch for sudden and dramatic drops, the kind only a large institution could manage to make happen.

[123tim]

I tend to watch for sudden and dramatic drops, the kind only a large institution could manage to make happen.

Whew, I thought that one was happening right there. (8:40) I guess that I was wrong.

I have to go so I guess that I'll have to wait until tonight to see how the rest of today plays out.

[Dr.3D]

Here is another good chart.
http://www.chartseeker.com/images/AG-24HR-LG.png?

[Paul.Bearer.of.Injustice]

we need it to continue upward sharply to trigger short covering

[123tim]

http://66.38.218.33/charts/livesilver.html

Snip.....

It seems that when the time comes for the NY Globex (Or Sidney - I can't tell which) the direction usually changes. I predict a totally upward trend until tomorrow with a rapid downward spike at 8:00.


...Snip

Well, What did you all think of my prediction? Can I have a job at the Federal Reserve now? :)