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Re: silver: is this the ceiling? SG

How's it goin' SG?
LOL, of course when I say "Everyone"...I don't really mean it literally...as I do know of a few others that think metals are toppy, take Haligonian for instance, I'm sure others like Trades too think it could be close, but look for better technical signals of weakness first...

I am more or less just refering to the masses...actually the same kind of people that become very arrogant and belive silver will trade in the '100's' of dollars within a short time frame, and if you question that reality they get upset with you, LOL! (I know a couple of businessmen that are like this) They get so excited when you tell them silver can correct 30% at any time, that they spit while talking so exuberantly about "silver going straight up", you get flem coming at you full force, LOL!
Not to say that this is impossible, just not likely in the short-term at least... ESPECIALLY with everyone and thier grandma just 'knowing' that the dollar is going to crash immediately...and this belief is just too widespread...so it has become a crowded trade...
It will likely happen actually, but not without a good washout first...that has been my experience...

Anyhow, hope this explains where I'm comin' from...
This likely isn't the actual top anyways, but it might be close. I'm just having fun on the forum, sometimes I'm right, sometimes not...
Hope your trading is going well...
Cheers!

Messages In This Thread

Re: silver: is this the ceiling? SG