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iShares Silver Trust Message Board

  • feemeister04 feemeister04 Aug 29, 2013 8:46 AM Flag

    GDP and jobless claims

    GDP Q2 revised up to 2.5% from 1.7% = should mean more reason to taper.
    Jobless claims down 6k, good news.
    Not sure whether thats good or bad for silver since good news on economic growth can increase demand, but bad news can force equity selling into safer havens like silver. Nobody really know what drives silver IMO.

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    • All markets move based on mass psychology and market cycles.
      Some people understand what drives silver and any market. The tendency is to self-project.
      A sentiment change has occurred for silver to that of long term bullish away from corrective bearish.
      Silver should be tanking on such good news, but it's not.
      Silver has had a large impulse wave up from the low and preparing for an assault at $26.
      Try not to figure out the daily moves, just its overall direction. Most of those who post, don't.
      There is mostly noise when it comes to posting. Don't use this board as any kind of gauge.
      Determine a long term strategy and stick with it.
      Silver is embarking on a relentless rally with small to moderate corrections.
      The sentiment has changed for silver and gold.

      Sentiment: Strong Buy

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