I agree, but I'm no expert since I only started silver stacking 3 months back. But I see it testing USD 26 and maybe false break into USD 25. frighten all the people out of the market, go back up above USD 26 and hover around there. End of my story.

How it is going from there, must see the RSI and other indicators, I think the news from the US will have quite an effect, even if they are just excuses to push the price up. We already seeing the USD dropping against other currency slowly, and silver is actually VERY OVER SOLD.

My suggestion, if you still have RM 100 as savings (just a ratio of what you have) spend RM 40 now on silver, wait for it to drop to USD 26, then the next RM 30, and finally if it still go lower to USD 22, use the last RM 30. forget about silver after that until next year.

chef

My 2oz worth, any other prediction? please feel free to speak, there's no right or wrong, if we are MASTER, we will be Billionaire already.

Ha ha, I bet you will peek at the gold bar and silver every week. Nobody here can resist looking at their silver for more than 1 month, in case your mom or maid accidentally throw the "rubbish" away..

My prediction, will be hovering around USD 29.50 and end around USD 29.00, which I think will cause a big drop on monday.

Do understand, china national day has already started yesterday, most of my contacts are on holiday, expect to see many china people in genting this weekend.

chef (If I win the prediction, can I change to barley ice? I don't drink teh tarik)

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Added on September 30, 2011, 8:19 amHey guys,

I'm reading this and this guy summarise it very well, the US are going into major serious trouble and we are in for a hell of a ride in our life time. We don't need to stockpile our food, but we sure need to sit down and think carefully what we are going to do next if and when the USD collapse.

https://www.kitcomm.com/showthread.php?t=93752

I suggest all of you traders, stop trading in USD with foreign country, I've already started to pay supplier in HKD or RMB and AUD. direct conversion. Next, this is the time to stock up even more silver or gold, physical. If banks collapse because they are linked directly to the USD, then all the paper gold will be gone.

National bank may not fare so badly, it's the super small and the super big one (like CITIBANK remember?) have to be saved by other people.

Lastly, I suggest if you have USD now, convert them to PM or RMB which has the most product in the world to offer, and in my opinion, will be the replacement currency for world trade in years to come.

chef

These are my personal opinion but don't ignore the problem, don't buy silver just for trading, these PM are going to be for survival soon...

This post has been edited by chef: Sep 30 2011, 08:19 AM

Hey that's cheating! you are making 2 guess!! so if you got the pirce, you get half a cup of teh tarik and hlaf roti canai.

Damn, until now the price still hovering at USD 31. Anyway, if it's not the last minute, we will never know who the winner is. Errr, whcih closing are we looking at? KITCO closing right?

chef

Reading the post in the link I send, I think over here, we are only talking about stock piling food and gold and silver, if you notice what the AMERICAN are talking about, they include GUNS and AMMO. scary man! I think we must buy some parang and petrol for making defensive weapon...

Anyway, if the price keeps going up, we will hear alot of "my fren bought silver at cheap price, my fren buy gold at lowest price" Let's not envy them, we are still at the low point of the spot price.

Imagine, if the price go to USD 26 and USD exchange rate becomes 3.00, then you will be able to buy lower than him!! Today 1stopgold silver is RM 3.6k still cheap, two weeks back it was selling RM 4.6k so buy now and you are still a winner...

Hey hey!! you are guessing my price too... so does it mean we will share the roti canai and teh tarik if the price goes to USD 29?

chef

If we are right, I buy you 2 canai and 2 extra large teh tarik.

Sure, I'll send you the whole 20 sachet bag, I've done that before for my china engineer, no problem. (What are you doing there anyway?)

anyway, someone sponsor a American silver eagle, but he didn't spell it out, so I better do it for him so he have to take it out as prize.

SO EVERYBODY, SGKSY is sponsoring a real pure 999 silver AMERICAN SILVER EAGLE with AIR TITE as the prize for guessing the closing price tonight. Just HAM TUM a price and someone sure bound to get the price!!

(wah now got real money involve hor, must put accurate price, not wishful price)
I guess closing at USD 29.86

chef

Hmm... with my doctrate degree in math and charting expert.... I calculated that.....

hmm...

If the price will not jump too far looking at the movement today, it should be within plus minus USD 3 from current spot price...so.......

By creating 100 account, I can cover USD 1.00, so I only need to create 300 dupe account to SURE HIT JACKPOT!! (unless someone else got the same closing price, then have to break the coin into half)

Ha ha....

chef

PS I don't have a doctrate lah... not that stupid to go for one.