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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="WingedLiberty, post: 1163794, member: 26030"]<b></b></p><p><b>Elaine1970</b>, so brave of you to come back. I was curious if you had any explainations on why your predictions for 2011 were so wrong? especially for silver where you predicted the 2011 high would be $24. So you are already off by a factor of 2 and it's only April ... I know making predictions are hard but I was just curious about what you think happened ... and why you didnt see it coming. Thanks </p><p><br /></p><p>P.S. By the way, what technique do you use to make these predictions? </p><p>(technical analysis, fundamental analysis, psychic inclinations, gut feelings, something else?)</p><p><br /></p><p><span style="color: yellowgreen">(By the way, I've been predicting $50 silver in 2011 and $75 silver in 2012 since last Fall based on technical and fundamental analysis -- however it's looking like my predictions could also end up being too low -- although I am starting to think that after getting close to $50 very soon, silver could be setting up for a 50% retracement (of half the recent explosive run from $20 to $50) down to roughly $35 before launching higher -- in my opinion silver has run up way too fast of late for these higher prices to be stable -- a correction in the near term would be "healthy" for silver, as it would shake out the weak hands and provide a more stable base for another run higher ... which i expect silver to make in the Sep-Nov timeframe. However could silver just keep running higher? I guess it's possible. Guy Adami on Fast Money on CNBC thinks that silver could make an $8 1-day move higher anytime ... but he thinks if that happened it would be a signal to sell in the short term)</span></p><p><span style="color: yellowgreen"></span>[/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1163794, member: 26030"][B] Elaine1970[/B], so brave of you to come back. I was curious if you had any explainations on why your predictions for 2011 were so wrong? especially for silver where you predicted the 2011 high would be $24. So you are already off by a factor of 2 and it's only April ... I know making predictions are hard but I was just curious about what you think happened ... and why you didnt see it coming. Thanks P.S. By the way, what technique do you use to make these predictions? (technical analysis, fundamental analysis, psychic inclinations, gut feelings, something else?) [COLOR=yellowgreen](By the way, I've been predicting $50 silver in 2011 and $75 silver in 2012 since last Fall based on technical and fundamental analysis -- however it's looking like my predictions could also end up being too low -- although I am starting to think that after getting close to $50 very soon, silver could be setting up for a 50% retracement (of half the recent explosive run from $20 to $50) down to roughly $35 before launching higher -- in my opinion silver has run up way too fast of late for these higher prices to be stable -- a correction in the near term would be "healthy" for silver, as it would shake out the weak hands and provide a more stable base for another run higher ... which i expect silver to make in the Sep-Nov timeframe. However could silver just keep running higher? I guess it's possible. Guy Adami on Fast Money on CNBC thinks that silver could make an $8 1-day move higher anytime ... but he thinks if that happened it would be a signal to sell in the short term) [/COLOR][/QUOTE]
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