Dow Poised for a Double Top

We were here at 13,000 plus about a year ago. If you are a technician, and believe in charts, looks like a perfect double top formation.

Need to bust through 13,250 for an upside move, otherwise get out the crying towels and pray that your bungee cord holds because it could be a long trip to the bottom (8,000?).


Ocala Mike

[Rudeboyelvis]

http://www.bloomberg.com/news/2012-0...this-year.html

physical silver. not a piece of paper that they'll gladly not honor.

Physical. Buy it. Hoard silver quarters and dimes. Hoard hoard hoard.

[tanner12oz]

no offense but the time to buy silver was YEARS ago when it was dead in the water at the $12 dollar range.....maybe there's still growth but it's a much riskier play now...things look to be overheating and silver will get taken down with everything else just like it did during the financial panic when it got slaughtered from $21 down to $8...

silver isn't a cure when the economy goes south...neither is gold...

paid off debt. food.beverage and skills are the ticket...sell your silver and invest in a trade

check. check. check. check. and silver? check.

Originally Posted by tanner12oz

no offense but the time to buy silver was YEARS ago when it was dead in the water at the $12 dollar range.....maybe there's still growth but it's a much riskier play now...things look to be overheating and silver will get taken down with everything else just like it did during the financial panic when it got slaughtered from $21 down to $8...

silver isn't a cure when the economy goes south...neither is gold...

paid off debt. food.beverage and skills are the ticket...sell your silver and invest in a trade

yeah and the time to buy stock was years ago when the market crashed.

Silver should be priced in the 60-80 range but it's not due to shorting the sh.it out of it.

Now if you're one to believe that governments will not have to print more money then yeah your belief on silver will be validated. But really that's a Disney-like fantasy. They are going to put the printing presses in overdrive...and the majority of that money will go towards debt. People will get poorer, costs will go up, and the collapse will be here.

Want food other than bread? Try buying it with dollars instead of silver. Try selling your stock. Good luck, son.

[hockey2315]

Originally Posted by Coach Pants

yeah and the time to buy stock was years ago when the market crashed.

Silver should be priced in the 60-80 range but it's not due to shorting the sh.it out of it.

Now if you're one to believe that governments will not have to print more money then yeah your belief on silver will be validated. But really that's a Disney-like fantasy. They are going to put the printing presses in overdrive...and the majority of that money will go towards debt. People will get poorer, costs will go up, and the collapse will be here.

Want food other than bread? Try buying it with dollars instead of silver. Try selling your stock. Good luck, son.

I think that's conservative.