Actually - the one thing that could make it $100... what if the COMEX goes bust or pushes up margins far beyond what they are now? If they go belly-up and exposes that they have zilch silver in the vault... I would be very interested to see (fatal last words) to see what the price of silver would be then. Otherwise... keep stacking!
I think silver will try to get through $50 and fall again, 3rd time lucky will be my pick to get passed $50. If the price of silver passes $50, It will rest again at $60 -$75. So $60 - $75 by end of year......
It could possibly hit but it all depends on all those bigger players doing the manipulation....... Once that falls to pieces or the US economy collapses I reckon it will go to the moon. $100 p/oz would be nice but under those circumstance above we will have more things to worry about than the price of silver.
If you asked this a couple of months back you would have heard a completely different set of answers, a lot of people thought it was likely. Wth the recent slap down a lot of confidence has gone. I don't think it will get up to $100, I didn't think it would go above $40 so I have been wrong before.
I can see it happening , Many people were waiting for a < $30 buy only a few week's ago (some still are) . Rumours of No gold in Fort Knox , a major slide on the Dow , any little thing could start a panic beyond anything we have seen in our lifetime . We all know the U.S is fubar , and we are only halfway thru the year as yet , it only took a couple of months for silver to get sniffin $50's but big time.
has tremendous value because they are rare. Source:http://www.orble.com/i Not valuable , too many of them Source:http://media.geekarmy.com My perception of value
haha all good. on a serious note... ag will not hit 100 this year. if it does..im selling my stack and buying livestock.
It will be $100 when people start to compare current supermarket bills with older and see a leading 9 instead of 3. If you then buy you won't undo past losses though. Only the coming ones. But better that than just keeping the fiat for the longterm. A smaller loss is still better than a bigger loss.
nope....i think 30s for a at least the rest of the year. hold tight people it will see $100 just not any time soon
According to my tin foil hat, after GFC2 (within 6 weeks), the POS and POG will drop significantly. This will give us an opportunity to buy up big time. The buying will raise and then stabilise PM prices. When we eventually lose momentum expect the POS to be somewhere over $45. If the GFC2 leads to a depression a few months later, then I'd definitely see $80 being possible. However, the time frame is too short for $100. GFC2 -> Depression -> $80 in 2011. GFC2 -> Depression -> $100 in 2012. There's only 2 ways to get there sooner: 1. Significant event occurs (e.g. USA defaults) 2. POS is manipulated GFC2 or bust! Also, maybe we should band together and manipulate the price instead of the banks Drop bears and day traders need not apply. :lol:
