Market Curiosity: Exploring Markets And Systems

April 19, 2011

Silver is almost looking ballistic

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 11:28 pm

Parabolic markets are rare. I’m not ready to call silver in a parabolic move. But it’s getting close: the last 5 days have not declined below a previous day. Trader Dan: What is a Commercial Signal Failure

Jim Rogers [silver’s] not parabolic yet. I hope something stops it going up in the foreseeable future and we have a correction. ” There is one caveat: “maybe the US dollar is going to become confetti in 2011, and if that’s the case and silver goes to $150, then obviously I wouldn’t sell my silver. It would be the US dollar which is collapsing. But if silver goes up the way you’re talking about without currency collapse, I would be very worried.

Jim Willie: 50 Factors Launching Gold

References
+ How high can silver go before a stout pullback? Backwardation and price patterns
+ The obvious and GARGANTUAN silver opportunity

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