With the general 'cost-of-revenue' taken into account, I can see where a lot of small-cap and micro-cap miners could get swallowed up here. But, yeah, it's just 'the market' and deal with it. But I'd take metal any day, almost at any price vs the 85billion/month on top of QE1 & 2, because it will surely, eventually collapse. Somebody needs to drive a stake into John Maynard Keynes' heart. So now I'll follow your lead re: Arizona. Thx.
Hey, Dave, I don't know where it may 'end', but it still costs so much to mine the stuff, maybe $20-$24 per ounce...that would tend to dry up supply...and also create even more job loss. But what does GS or JPM care? It's going to open @ $23...I won't be speculating any time soon.
There was an excellent article Nov 26 in the WSJournal by Cox and Archer. Unfunded liabilities make the real true debt more like $86 trillion. No joke.
It generally indicates a major price move, it also uses or is a function of the 20-day MA and the 'tighter' the bands the more significant t the move. I'd say it would probably shoot up based on the charts alone; but there's apparently more going on with this thing according to other posts.
I'll commit here and say $32 or more the longer the squeeze continues. I'm not a guru BTW.
All the characters are in place. Just waiting for 'curtain call'.
I pay little attn to daily and weekly; I was referring to 6-mo. I'm not suggesting a 'crash', just a short term drop again...like it has strong support at 29, and if it sinks below that, THEN would be a better time to buy; maybe 26-28?
I've seen these 'squeezes' protract like you said, then BOOM!...and they're off to the races.
the last 3 times the the price rode above the 20-day MA, it was followed by a price decrease after it fell TO the 20-day. add the 50-day to the picture and when the 20-day rises to cross the falling 50-day, the ensuing price tends to plunge.
recent article extolled the virtues of a technical breakOUT; more likely is a breakDOWN
Ok, just so you know what I'm after: people are saying the 'gold bubble' may have just popped. Bullcrap!
I just needed a qwik chart on price of gold vs. debt ceiling increases; to see if there is a one2one corrlelation worth noting. I know gold isn't going to crash, but there are boneheads out there that need to be slapped in the face with the facts. Ya know?
can you hyperlink a chart of physical gold-to-USdebt ceiling increases? what I'm wondering is; does gold make quantitative jumps at each increase in debt ceiling?
i did a 2yr candlestick with 20/50/200day MA plus Bollinger bands. there is a rather large headed head'n'shoulder pattern forming with the impending death cross on the right; contrast that with late '08 and early '09. UUP could be looking at $22 by yrs end...unless something changes.
i was just looking at a 5-yr chart of SSEC vs. SPY, and whereas SPY is comparatively 'flat' SSEC is nearly 75% off its 3rdQTR-'07 high and stalling. even if it is currently 'green'. i wouldn't bet on it or buy into it.
watch that Bollinger band 'squeeze'...it's tighter than it's been since TSEM broke out in Jan.; and only serious money's in the market now (ie; trading volume is really wimpy). but that shouldn't affect the chart as it develops further.
the charts are much more favorable than for RZ. it's gone into a tight Bollinger band 'squeeze' and each day is a buying oppty. it may only be 25-30%, but volume share purchase could return big $$ in near short term. this is a chart-only post.
all i see is a squeeze; but maybe you do Gann angles or something of that sort? the Bollinger bands are getting tighter than ever for this stock. MACD and stoch look promising as well. but what, in particular, leads you to $1.10, or more?
i think Yahoo! is its own problem, actually. however, back in May they put a tracking cookie on me and DELETED my post on SLV because of a 'sensitive' hyperlink i provided which would serve to undermine the 'manipulation' as has been reputed to occur.
we are still in a secular bear market. there will be no recovery because our nation is in socialistic decline. 'recovery' is a figment of ideological diatribe. even if GOP wins in Nov, only the RATE of decline will change.
these are the facts. all else is denial.
certain traders watch volatile stocks such as this where price moves are significant %-wise in a short time. charts suggest such 'reversal' is forming and a buying oppty could manifest itself in a few days or less. once the move is 'capped', they're out, leaving bagholders holding the bag.
others use the same methods (charts) to repeatedly short the stock, again leaving b-h's holding. $-wise, they're not big moves, but on volume, can optimize a trade.
i've known some power plants that were built to sell; not to run. though this is a whole company, could be the same deal; but nobody's buying. it would be a fine takeover stock if there was a 20% premium, but what are those odds? geothermal's not real high-yield, very regional, and unless great strides are made in the technology, pretty boring.
the recent 'hump' in the charts was the annual R2K restructuring, and any big moves up unlikely. however, it looks like it could squirt up a little here pretty soon. maybe a volume %-play. but it could dive, too.