looks pretty sideways to me over recent years basically there is o chance of $28 by july we still did not see $24 like his other failed prediction. maybe we will see $24 by easter next year not $36
I imagine it's more like the gif below as CJ keeps an eye on the spot price, waiting for his moment to pounce:
Peter, it's nice to know that you are rooting for me! Meanwhile, silver and gold are both trending up as the USD is slipping. This is doubly significant as the AUD is also trending up in pace with silver. At near $0.74, and the Reserve unlikely to raise rates, will the RBA drop rates this month?
<----sideways-----------> im calling it now and updating my incorrect count of sammys predictions now as it is no way going to $28 by July.
I agree, it takes a brave man to set themselves apart from the rest of the crowd. So well done to Sammy for making a prediction. Of course, any prediction certainly draws a certain amount of detractors whether it is right or wrong ( Look at Leon ). Leon has Bulkcoins15 and few other detractors, and you have Court Jester. Even I have my own detractors. It comes with the territory Sammy. In many ways Court Jester is correct in saying precious metals is going sideways, as silver has been hovering for years at a similar price. I think the rise the Aussie dollar may have dampened your prediction Sammy. The RBA left interest rates alone and the Aussie dollar magically rose, and silver took a slight plunge. I think the election will have no effect what so ever on silver prices. As for predictions, I'm prepared to make a call. I think silver will get smashed down around $19 - $20 again, with a strong possibility of it going momentarily down to $17.50 AU then making ground over $19 during July-August- September 2016. Only a severe market crash will ever really alter PM prices as it becomes a safe haven. Many think the market will crash later on in October. And there is a very good chance of that it. I'm sort of sitting on fence with that, as the stock market is going gangbusters in the US and could ride out for another 2 years. Do not discount QE4 & 5. No way, will PM ever go up in this environment. And why should it Sammy ? When paper gold and silver is being thrown around like confetti at a wedding. You'll also find many declaring the savings and advantages of such allocations. Reminds me of all the door to door salesmen in the 90's selling retirement investment policies which all went south. Sadly, when the market crashes or begins to crash and a run is made to cash out on these paper allocations doors will be slammed closed. Is it still a good time to buy ? As long as there is some mechanism in place to pay for premiums. Still a good time to buy for those who see it as a form of savings. And still a good time to buy for those who have a long term out look. For those who think they can buy now and turn it around quickly and make profits, forget it. Even holding many coins that could milk spot can be potentially fatal move for longer term investment. I'll even say the era of many modern day coin series ever making significant yields above spot price is over. Those days have gone out the window. The poor quality and over supply of too many stupid designs have made sure of that.. Of course this will not apply with older series of coins, if the right coins are purchased. So it's due diligence for the stacker to do their research. As for you Sammy, don't stop making predictions. It's good to read about others peoples thoughts and future forecasts.
Getting there, i hope you get this one. I guess you're just as correct as people that say <----sideways-----------> neither are 100% correct, yet not 100% wrong either.
The last few days have been interesting. Silver was trending down, the RBA held rates, the AUD went up. The USD trended down, again raising the AUD. Meanwhile in a conversation with SilverPete yesterday, I was lamenting that silver was still trending down in contradiction to Silver also going down not up as expected. However, today, silver reversed and rose dramatically. Meanwhile, next week, the Reserve will hold rates and the USD will drop again, again raising the AUD and possibly silver. Whether the rising AUD and rising USD silver will negate each other or not we need to wait and see. My thoughts are that silver will trend up regardless of fluctuations and at least hit USD18. What it will be in AUD in early July will hinge on the Brexit, our election, and whether the RBA will drop rates.
At the pointy end of my prediction for Friday next week. At $24 at the moment. Without the Brexit Ag was trending up. Brexit may maintain the rage and PMs go up. World stock exchanges may continue their selloff so PMs keep rising. USD may become a safe haven so PMs go down whilst AUD drops so PMs go back up and stay "sideways"! A Coalition win on Saturday may strengthen the AUD so PMs go down. If the AUD is higher, RBA may drop interest rates so PMs go higher. The dynamic between Trump and Clinton continues to vary the market based on the polls. I think by tomorrow morning after the world's first full trading day after the Brexit, things will start becoming clearer. I think it will be a day to day proposition for the next fortnight.
so you are admitting your $28 by july was and is a fantasy and you are again incorrect and are making yet another prediction for me to add to my incorrect list of your failness.
I thought I read that some where by you. what ever it is SammyFAILsilver has predicted will fail. I am still waiting for $36 silver by easter
