Its terrible to see silver rising again. I would much prefer to see it drop to below $30 AUD per ounce so I can buy more. A rising price is only good if you are looking to sell your silver soon. Lets all hope it drops another 10 or 20%.
In 8 years the US dollar will probably be worth about as much as the Zimbabwe thingy. So perhaps US$50.00 per ounce might be a bit of a low call. Perhaps you should pick a more stable currency than the USD to make that assertion on, perhaps the Icelandic Krone?
If indeed they were actually short (nobody has provided any evidence yet) then they would have closed there positions when it dropped anyway. If i was trading this and suspected the price was going to rise why not go long now.
I think silver has had its run...will sit on 30-35 for the rest of the year, gains to be in gold or property with house prices dipping (for all those who diss investing in property you are investing in the wrong areas- you have to do your h/w- bigger money to be made there if you are handy with your hands!)
Sigh... Why on earth did i buy so much silver lol, i wanted the silver gurus to be right with $500 ounces haha
The silver fluctuations in a day, month or even year do not matter much. Silver is MPD. It can't decide if it is money or commodity. I am expecting a run up to AUD36-37 then a fall to its actual fair value. I don't know what this will be. At best I expect it to go roughly sideways for years (like after the 2006 run up) with wild fluctuations up and down. Since it is bouncing off AUD35 now it might be the top again before the fall to fair value. Anyone happy that silver has gone up on a certain day, month or year has not noticed that silver volatility means exactly the opposite can happen soon enough. Ignore the roller coaster unless you are short term trading.
Hold it long term, multiple years, and you will be OK. Buy more when it dips a lot if you want to bring down your average cost. Silver always spikes and crashes. Don't buy the spikes
Glad I got some Koalas at $38.40 each. Spot price goes up a dollar and BB increases their prices by almost $2.50 per ounce.
i kinda feel Mike Maloney's Why Gold and Silver DVD is sort of a waste after listening to all these comments. Too many people are focusing on the price not the value.
Industrial use increasing, investor levels increasing, World reserve currency IE: U.S Dollar about to tank and along with it all the bank's and market manipulators with it that prop each other up. Gonna be a messy end to the year and it will begin for us here quite soon with Gooses Budget , The different here real estate prices are beginning to show wear and tear in most states and it is only a matter of time before the storyline here follows the rest of the world. The U.S is in Big trouble , and so is everyone else that is in bed with them, it is only a matter of time until someone say's roll over , and one falls out. Then it will be like the proverbial domino line or house of cards. I'd think about four years till Silver shows it's true colours , All them Chinese and Indians wont be using gold for their mobiles, laptops and wall sockets, and paper wont be in very high regard in the western world at the same time. Just my grams worth
Silver may have more to fall, wait to see more trading, it needs to establish a solid support level - at this stage the most solid support level is $32 - people are saying Silver has a detiny to return to its 200day moving average which is about $28 i think.
Wouldnt we all lol, dont hold your breath though Ive got a feeling the big players have their plans set for silver and it will go wherever they want it to go
Yep, it's pretty much all in the hands of the big players, we just have to guess what their next move will be
You mean its a waste on these people?? Nothing wrong with Maloney's message ... its some of the people here who just dont get it. Most are focussed on fiat price and not on value...
