My 2 cents worth is there will be a spike in PM's early this week with the "fear" factor about the US debt situation but its expected a deal will be done later this week and the debt fear will fall away and with it PM prices - agreement? disagreement?
I've given up trying to guess, though what you say sounds reasonable. I remember 6 months ago, a $1 move in 1 day was unbelievable. Recently we have had $1 moves, and barely a post about it.
I have a gut feeling you're right. I loaded a little gold and silver in the past fortnight, but I have dry powder waiting for a "back up the truck" moment. If the above doesn't come true (though I think it will), I've gone a step toward balancing things with what I've bought. If it does happen, I haven't shot the whole lot so I'm out when the next buy opportunity comes along. Long term, though, I feel the fundamentals for silver (and gold) will show in the market price, though it'll take a while. How long depends on how long the paper ponzi scheme continues to run. They'll do all they can to keep it going, but in that regard, in my opinion, it's a case of "when" the house of cards comes tumbling down, not "if".
Also John aka stellaconcepts just released a vid on this very topic: [youtube]http://www.youtube.com/watch?v=ggQwIkf5Nzo[/youtube]
Also John aka stellaconcepts just released a vid on this very topic: Skip to 4mins in, dont need to hear bout his holiday plans.
I hate to tell him - the Internet was actually invented in the USA... Tim Berners-Lee (a Brit) with the help of CERN (Swiss) did invent the World Wide Web - but that's not the Internet as such >.>
My bead is that the silver price will tank within the week. Obama will come to some sort of a deal & the USA will continue to muddle through, not exactly default, not exactly QE3. The market shills will present this as a Good Thing, & money will flow out of PM & into the paper markets. Then, when people realise they've been dudded (again), silver & gold will continue their climb. The unknown risk for us Aussies is how high the exchange rate will go, & how quick it will drop when people get cosy with the USD again. The sweet point is high exchange rate, low Ag price. But who can pick that? I just liquidated 2,000 ozt off my unallocated, & keeping the cash in my PMDS account. I'm looking to buy back 15-20% more around AUD 31-33. Touch wood.
