Silver to fall below $30 or above $50 by year end?

These two videos go into detail about the two opposing views that have been going viral in the silver community.

Perspective 1: Silver will drop below $30 by year end. This assumption is based on the large commercial short positions and the technicals.
Perspective 2: Silver will be pushed above $50 by the end of the year by a group of former JPM commodity traders who claim they will DEMONSTRATE their ability to do so starting Oct 16th.

Here are two videos that discuss these possibilities:

Silver BULLISH perspective: Silver will take out $50 by the end of the year
[youtube]http://www.youtube.com/watch?v=ao9BqvdPJS0[/youtube]

Silver BEARISH perspective: Silver will correct below $30 by year end
[youtube]http://www.youtube.com/watch?v=_wX8YoH4R9E[/youtube]

Lets start a discussion/debate people! Differing opinions is the lifeblood of our community!

 

I call crazy on anyone who thinks Silver above $50 this year is a possibility.

 

I call crazy anybody who makes predictions on spot price
Just give me next weeks lotto numbers

 

Because its a choice question i'll answer how some of the kids answer at school the longer answer must be correct so since the 2nd video is running for 19 min and the other 9 i'm guessing its gonna fall

 

I predict above 30 and below 50

 

Picking lotto numbers is completely random, you haven't got any data that improves your chances. Predictions on spot price? walk in the park by comparison, chart looks quite ugly.
Unless we're going back to a gold standard in 2-3 months or JPM is caught out as really manipulating the market it's a very safe bet we won't make an all time new high
We're going to need a monstrous amount of support to do that, all i'm seeing at the moment is signs it will do the opposite.

$51 silver is a million miles from becoming a reality, with or without an unhealthy parabolic rise.

 

Not necessarily true
You can get a list of the how often the number have come up .
My old man used to keep a book on what numbers would come & had some sort of system
Never did him any good :lol:

Here's something CK said to me early on .
Can you replace what you just sold for the $ you got for it .
Spot happens to be the price you pay when doing a transaction
Care factor "ZERO" what spot price is for me .

So if I bought a 10oz bar say "$450" last year
Sold it today for $350 & can replace it for $350 ?

 

I stopped playing the lotto when I realized the odds of a sequential set of numbers are the same as those of a randomly chosen set, really lets you paint a picture on how hard it is to win...

but I digress.

While that is true, you effectively threw away $100. I am a huge fan of the "you only take a loss if you sell" mentality though, it's a brilliant reason to hold physical as a long term investment.
But we're not talking long term here are we? $51 silver in 2 months? that requires a major event or a parabolic rise of stupid proportions (which is effectively impossible as investors will remember 2011). The only major event I possibly see on the horizon is another global financial crisis and that did wonders for PMs in 2008 :lol:

 

I predict a zig zag pattern will continue whilst the shorts short and the longs long.

 

I read somewhere that you're more likely to be killed on your way to buy lottery tickets than you are to actually win the lottery.

So play safe and don't gamble, it could be the death of you.

 

Not being smart or anything but I reckon silver will be between $30 and $50 by years end.

 

HAHA amazing comment, I concur