Hi Ho "SILVER"

[corran]

We live in the antipodes, what happens there is of little consequence, they've got themselves to blame for their problems. The markets might fluctuate a little but as for 'Eurogeddon', it'll be like all the other goldbug fantasies, it won't happen.

Just don't own shares in companies that export to Europe.

Naive in the extreme. Lets see what the next 6 months will bring.

[Skol]

Silver down 7% in just over 24 hours, consider yourself lucky if you don't own any.

[skid]

We live in the antipodes, what happens there is of little consequence, they've got themselves to blame for their problems. The markets might fluctuate a little but as for 'Eurogeddon', it'll be like all the other goldbug fantasies, it won't happen.

Just don't own shares in companies that export to Europe.

http://www.naturalnews.com/036257_Gr...hospitals.html

[Skol]

A report issued by Scotia Mocatta say that break of $26 will probably see silver decline to $18.

[Skol]

Something from Jon Nadler:

'With the touching of the $26.66 mark in the active July contract, silver has now hit a 19-month low. Barclays’ analyst Suki Cooper notes that “in light of the industrial demand slowing down and investment demand failing to plug the [approximately 7,400 tonne] gap, it is the precious metal most vulnerable to the downside.” EW analysis issued on late Friday projects silver in the very low $20s if the support shelf at $26-$26.50 gives way in coming sessions.'

[skid]

And now its $27.50 up 2.5% Go figure Lets face it,with the state of the economic world these days its hard to predict anything--example-the new Greek president is to ill to attend the economic conference this week[elected a week ago]

[Skol]

"And now it's $27.50, up 2.5% go figure."

A temporary abherration, back down to $27, I reckon we'll see new lows in the next few days.

[skid]

You could be right.
If i was speculating I would be adopting a wait and see approach ATM.
What is it that makes you lean towards the downside?

[Skol]

You could be right.
If i was speculating I would be adopting a wait and see approach ATM.
What is it that makes you lean towards the downside?

Equities go up, silver goes down, equities go down, silver goes down.

Now very close to $26, a break of that gives a target of $16 or $18 depending on who you listen too.

Silver down 23% in the last 12 months.

This from Barron's:


'The carnage in commodities has now pushed silver to a 19-month low. But as ETF Trends’ John Spence notes, there’s no visible rush for the exits from the iShares Silver Trust (SLV), the popular exchange-traded fund tracking the metal. Not at this point.

We may be getting close to dangerous territory, though. Michael Shaoul of Marketfield Asset Management predicts that if silver can’t hold $26 — that’s 22 cents from current levels — then financial investors (e.g., ETF holders and other non-industrial buyers) could push this market into a truly nasty torpor:


The clear danger is that a breach of key support could pressure financial holders to start to trim their positions, leading to a more disorderly decline in the metal. Our assumption is that a failure to hold $26 would lead to a fairly abrupt decline down to the point that silver commenced its parabolic rise in late 2010, which is approximately $17.50.

SLV is down 2.4% at $25.51 and the Global X Silver Miners ETF (SIL) has slumped 3.8%.'

[JBmurc]

just like many shares Silver is great buying at these low levels will certainly be increasing my stack as funds allow