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<p>[QUOTE="Cloudsweeper99, post: 109588, member: 3011"]I'd like to offer a comment. You can take it or leave it. A lot of people seem to have a psychological need to be "right." This isn't how markets typically work whether it is stocks, bonds, or commodities like silver. Guessing the unknowable is just that -- guessing. I can tell you the typical pattern. Will it occur? Nobody knows. If anybody tells you they know, they are lying.</p><p><br /></p><p>If silver acts in a "typical" manner, it will approach $10 and back off, perhaps several times. Eventually it will break through and rise somewhere between $10 and $11, then back off the high to retest $10. IF that level holds, no sure thing, then traders will consider $10 the new support level and the base from which to measure future increases. A major terrorist event or war could override the "typical" trading pattern. So could the onset of a recession. So could an unexpected change in supply or demand. Some people think the price of silver is manipulated, and if true, this could also disrupt the pattern. Maybe there is no pattern.</p><p><br /></p><p>Does any of this matter? Probably not to the audience at CoinTalk.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 109588, member: 3011"]I'd like to offer a comment. You can take it or leave it. A lot of people seem to have a psychological need to be "right." This isn't how markets typically work whether it is stocks, bonds, or commodities like silver. Guessing the unknowable is just that -- guessing. I can tell you the typical pattern. Will it occur? Nobody knows. If anybody tells you they know, they are lying. If silver acts in a "typical" manner, it will approach $10 and back off, perhaps several times. Eventually it will break through and rise somewhere between $10 and $11, then back off the high to retest $10. IF that level holds, no sure thing, then traders will consider $10 the new support level and the base from which to measure future increases. A major terrorist event or war could override the "typical" trading pattern. So could the onset of a recession. So could an unexpected change in supply or demand. Some people think the price of silver is manipulated, and if true, this could also disrupt the pattern. Maybe there is no pattern. Does any of this matter? Probably not to the audience at CoinTalk.[/QUOTE]
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