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North American Energy Partners Inc. Message Board

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  • chemaes44 chemaes44 May 4, 2011 10:48 AM Flag

    Sunday night Silver

    A rule of thumb I've learned over the years with SLW is that when it or silver prices correct, their prices usually align exactly when the correction is over.

    So, if slw usa is currently at $35, a good time to buy will be when the silver price hits just under $35 (the overshoot) or what every price the two become equal at.


    I'm short silver to $38.90 then I re-evaluate.

    good trading

    chemaes

    I know it sounds weird, defies technicals, makes me sound silly but, it is what it is.

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    • With silver around 36.22 would mean another down day like today could be that overshoot that you are expecting. That could nicely align with SLW around $35. You really think silver is in for more speculative play?

    • Good Discussion Guys!

      I work 1 day a week in a coin shop, up until
      last week the public was buying gold and silver
      bars,coins and anything thing that shines!
      now there has been panic selling! Many don't
      want to lose there gains. Others over extended
      there buys of the metals, (knowing the easy money was still ahead)? 5000 gold 100 silver!
      now they pause! I would love to forecast prices
      but with emotion as the main driver of this
      supposed store of value. I like the fertilizers, Hal,Rig most soft commodities,
      many of the drillers and the energy space in
      general! Fuel and food will be my reason to
      invest for the rest of the year! still mostly
      cash 67% will start picking away at the above
      if we get a little better pullback from here!

      Have a good afternoon all!

      John

 
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