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SILVER BOTTOM IS IN !!!
12-09-2016, 09:38 AM
Post: #1
SILVER BOTTOM IS IN !!!
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Why I am convinced the bottom is in for Silver.
I'm 100% LONG:

- Rate hike priced-in, and besides that, last times when the Fed hiked rates, Silver began to rally.
- Open Interest is falling while prices were declining, the price decline was likely being caused by long position being liquidated. This scenario is a strong position technically because the downtrend will end once all the sellers have sold their positions. A declining O.I. in a falling market is Bullish.
- As the latest COT reports are showing now, more than ever, a paradigm shift has occurred: Managed Money traders refuse to go short, and they probably won’t go short anymore.
- There is finally evidence that Gold and Silver prices are/were manipulated.
- After a 50% retracement, the $XAU is about to break the intermediate trend line. This will be the last confirmation the yearly cycle has bottomed.
- Silver has rebound from the 61,8% retracement level.
- USD has topped (in my opinion).
- In Gold the 50 week MA about to cross the 200 week MA.
- There are enough geo-political tensions to create more uncertainty or even a war
- The political landscape is changing because of new (extreme) right-wing leaders, all over the world, causing fear, uncertainty, unrest and even violence
- Industry will be needing much more Silver, but it will be harder to get.

RudyBouwman, proud member of Realist News since Nov 2016.
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12-10-2016, 04:56 PM
Post: #2
RE: SILVER BOTTOM IS IN !!!
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The bottom 'till when? Ever?

Popcorn is now being served.

"Don't gain the world and lose your soul, wisdom is better than silver or gold" -Bob Marley
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12-17-2016, 01:50 AM
Post: #3
RE: SILVER BOTTOM IS IN !!!
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Well, I was hoping it would push down to $5 an ounce. I bought a bunch back then. Would stack the silver a mile high if it did that again. I've been accumulating slowly over the years and have amassed quite a hoard all safely stored off shore and in private vaults. Low prices allow one to dollar cost average the overall price.

johnnygeneric, proud member of Realist News since Dec 2016.
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12-17-2016, 11:27 AM (This post was last modified: 12-17-2016 11:29 AM by mcetcher.)
Post: #4
RE: SILVER BOTTOM IS IN !!!
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(12-09-2016 09:38 AM)RudyBouwman Wrote:  Why I am convinced the bottom is in for Silver.
I'm 100% LONG:

LOL!

Consider this your margin call Rudy. Silver has lost almost 6% you you called the bottom.

[Image: agdec16.gif]

Popcorn is now being served.

"Don't gain the world and lose your soul, wisdom is better than silver or gold" -Bob Marley
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