It looks like today we have a good opportunity to buy today if the price sticks in the low 2170 yen for silver now at 7:20 it is recovering a little but I hope it will drop a little lower just before the price is set today at 10:00 (27.72 USD)
the 8 hour NetDania chart
As I predicted yesterday today Friday we have a good buying opportunity if the price of silver will be around this at 10:00 ... I will buy .. today ..
You can see in the 8 hour chart that the volumes are now increasing this means we will get a top or a bottom soon .. there is a nice wave patron in the volume chart.
Also the yen is getting at its low and we need to watch out for the BOJ.
So we are realy now on a turning point .. are we going down or up again.
If the price will stay this low this morning I will buy some silver to lower my stack price .. This looks to be a nice price. If it drops more I will wait again until it drops another 20% a 25% . that will be around 1600 yen .. that will be around 21 USD when the yen dollar exchange stays the same.
21 dollar is possible but I think that it will go there in a spike, and I think I will not be able to buy at that level maybe I will be able to buy in the low 24 USD if it falls but that is only if it falls..
So at the moment I didnt buy at these low prices times so now is for me to add some to my stack ..
I expect it to bounce up again in the beginning of the week and go around this level again next week a next big drop or spike I expect at the 16 JUNE ... one day before the elections in Greece.. after that day we will know if the prices go down or up ..
If they will go down we can expect a 20 USD price for silver and 1200 USD for gold .. if it goes up .. it will be a temporary spike up and followed by a down again soon I expect the real rally around the last 3 - 4 months of this year ..
So I hope it stay low until 10:00 of I hope it will drop a little more : )
and then sit back an watch what happens at the weekend .. (also oil is at a low)
