Extreme Silver Analysis - Why $50 is Next

http://thesilverlog.blogspot.com

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[Buck0fama]

silver's now $28, so much for your chart analysis

[endlessmountain]

@Buck0fama silver made it to that level in late april with a high of 49.81.

[flaunttnualf1]

@endlessmountain: When looking at 30 year time-lines and predicting prices, is there any value to adjusting prices from nominal to real present-day values? In other words, does it change the analysis at all when you consider that silver would have to go up over $100 to actually match the 50 dollar high in the 80's?

[endlessmountain]

@flaunttnualf1 Using psychology I realize inflation is a for sure thing in this world which means that when $50 is next it is not the same type of market it was in Jan/80 and thus you can try and determine if in 1980 Silver was over valued at $50 what is $50 today? Over valued, regular valued or under valued? I would take an educated guess of under valued and then a regular valued level may be in the high $100s or low $200s. Then if you want to see this clearer use a non CPI inflation chart

[fuzzywzhe]

@loudandright "I think you can rationalize every chart and pick and chose thing to fit your theory..."

If a significant proportion of the population believes astrology drives the market, they will use astrology to determine when to buy and sell on the market. Their purchasing and selling pressure causes the market to conform to their beliefs.

But at the end of the day, fundamentals always win, eventually. But it can take 100 years.

[loudandright]

Isnt this whole fibonacci stuff wishfull thining with an mathematical overtone.

I think you can rationalize every chart and pick and chose thing to fit your theory...

Not to put you down... the whole world uses it, right.

Maybe there is room for a counter theory. Using the fact people use this fibonacci stuff and try to predict the people minds instead of predicting the future...

[Joe11Blue]

This is what I figured as well. Only now I set my buying in limit at $50. After $50 I will wait and see where the adjustment goes From everything I have read the manipulator's will be SOL after $50. Hence the reason I'm hopping back onto the fence after $50. I will buy back in again if it break's $80, or drop's below $50. Obviously, I'm hoping the manipulator's keep trying after it hit's $50 to drive it down more.

[nepenthean]

ace vid mate! I like the way you put it, ' an appointment with 50USD'.

thanks!!!