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Thread: Silver drops below 50 DMA

  1. #1
    Join Date
    Nov 2006
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    Default Silver drops below 50 DMA

    Silver dropped below its 50 DMA for the first time since August of 2010.

    A one time breakthrough doesn't neccessarily mean the upward trend is broken but it is the first step if it doesn't reverse itself over the next
    few trading sessions...

    Morris

  2. #2

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    spot did. Not on the continuous futures contract yet tho.

  3. #3

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    Quote Originally Posted by Morris View Post
    Silver dropped below its 50 DMA for the first time since August of 2010.

    A one time breakthrough doesn't neccessarily mean the upward trend is broken but it is the first step if it doesn't reverse itself over the next
    few trading sessions...

    Morris
    Hello Morris,

    I don't know how to use technical analysis, but I'm trying to change that. Can you help me out? When you say that silver dropped below the 50 DMA, can you tell me how I could view that? Would that be the EMA, 50 period? If it's not to much trouble, can you post a pic? I appreciate the help.

  4. #4
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    Nov 2006
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    Quote Originally Posted by Castillb2010 View Post
    Hello Morris,

    I don't know how to use technical analysis, but I'm trying to change that. Can you help me out? When you say that silver dropped below the 50 DMA, can you tell me how I could view that? Would that be the EMA, 50 period? If it's not to much trouble, can you post a pic? I appreciate the help.
    I like to use stockcharts.com

    In the space it has for symbol type in $SILVER and gold is $GOLD

    50 DMA means 50 Day Moving Average.

    EDIT: you can also keep track of the gold to silver ratio. The symbol is $GOLD:$SILVER to view that chart.
    Last edited by Morris; 01-14-2011 at 12:23 PM.

  5. #5

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    looks like it bounced right off the 50

  6. #6

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    Quote Originally Posted by Morris View Post
    I like to use stockcharts.com

    In the space it has for symbol type in $SILVER and gold is $GOLD

    50 DMA means 50 Day Moving Average.
    goldprice.org/silver-price.html is pretty cool. You can get live ticks of the price on a continuously updated chart. You can use it to look at the US$ index and crude spot prices as well.

  7. #7

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    supposedly this means a LARGE fall is coming. Hopefully this will continue untill next friday

  8. #8
    Join Date
    Nov 2006
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    Quote Originally Posted by christogl View Post
    looks like it bounced right off the 50
    Ooops, just fell back below again.
    This isn't looking good.
    We will know more on Mon. and Tues. but there is a growing possibility
    if this continues it could get really ugly ( or "pretty" if you are looking to stack)

  9. #9

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    Quote Originally Posted by Morris View Post
    I like to use stockcharts.com

    In the space it has for symbol type in $SILVER and gold is $GOLD

    50 DMA means 50 Day Moving Average.

    EDIT: you can also keep track of the gold to silver ratio. The symbol is $GOLD:$SILVER to view that chart.
    Got it! Morris, Thanks alot. Would that really be considered a break in the 50 DMA?

  10. #10
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    Nov 2006
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    Quote Originally Posted by afremont View Post
    goldprice.org/silver-price.html is pretty cool. You can get live ticks of the price on a continuously updated chart. You can use it to look at the US$ index and crude spot prices as well.
    Thanks, I'll check it out.

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