Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (1673)	2/7/1999 11:09:00 AM
From: ForYourEyesOnly	Respond to of 8010

"Smart guys" --- APH & RJ at Kitco, Kaplan, etc....all think silver is "overbought"...."closed all positions & will repurchase @ $5" etc. etc....... I'm not James Dines, but if silver could climb this wall of worry and pull these guys back on board.......we could have a serious move coming up.....on the other hand.....maybe the "smart guys" are "right" & it will pull back.... Still holding & thinking of buying more. THC

To: Alan Whirlwind who wrote (1673)	2/7/1999 11:37:00 AM
From: TD	Respond to of 8010

Respect Kaplan very much, disagree with him on his Y2K view. On silver too far too fast, he may be right. Since the chart show gaps higher it almost ALWAYS means the gaps will be filled meaning a retracement down to 5.20 or so. However gaps can go on for quite a long time without being filled. Also an island reversal is very rare but did happen in th silver market after many years. This is where the commodity goes down in price from say 10 to 5-4.50 and stays there for a while then it gaps down to say 4 and eventually trades at 3.50 for quite a long time then one day it gaps up to 3.75 never to trade that low again ever. This did happen in th silver market it took years and my numbers are off, I am doing it from memory. Right now I think silver will keep going until it hits 6 to 6.25 at which point there will be some kind of announcement (Gates buys silver!) or the regulators will step in and let us know how they will protect us form this silver market so no one gets hurt. Funny the regulators do not seem to like to step in the wheat, corn, soybean, lumber, oil, cotton, etc, markets, nearly as much as silver. It is the one commodity, that the people have much more control over than the various governments of the world, with the possible exception of India.