What events would cause silver to drop back to high 30s

Discussion in 'Silver' started by BootyBandit, Aug 23, 2011.

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  1. goldpanner

    goldpanner New Member

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    I just found a few links about 'Bank of America to collapse' by doing a search in Google .

    sorry - didn't think of pasting the links! :/
     
    goldpanner, Aug 23, 2011
    #41
  2. jpanggy

    jpanggy Active Member

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    There are a few links, but mostly blogs. I need a financial analysis angle on this issue.

    I like to read from opposing camps. Reading from one side of the line only gives me biased opinion, which drives me down the road of delusion.
     
    jpanggy, Aug 23, 2011
    #42
  3. fishball

    fishball New Member Silver Stacker

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    I know what will make Silver drop to high 30s...

    "Silver will cut through $50 like a knife through hot butter..." and bAMMMMMMM !
     
    fishball, Aug 23, 2011
    #43
  4. ReturnToZero

    ReturnToZero New Member

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    This is fairly decent http://www.businessinsider.com/bank-of-americas-stock-collapse-2011-8
     
    ReturnToZero, Aug 23, 2011
    #44
  5. toto

    toto New Member

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    That's a paper dump you talking about not a physical. Why would a recession cause a physical dump.
     
    toto, Aug 23, 2011
    #45
  6. errol43

    errol43 New Member Silver Stacker

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    As humans,hope springs eternal. Have you noticed that most people talk of a double dip recession or another recession looming.

    What about another depression..Oh no, we are a lot smarter than we were in 1929. It won't happen again.

    Just look at all the so called financial experts attack those that think otherwise and there are not too many of them..

    Don't worry if the price of silver goes down to $5 in a depression, it may well buy you 20 loaves of bread. It's not about how much silver is worth per oz but what it will buy for you and your family!

    Regards Errol43
     
    errol43, Aug 23, 2011
    #46
  7. PMcat

    PMcat New Member

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    More on BOA
    [youtube]http://www.youtube.com/watch?v=gmIHQP127WA[/youtube]

    So BOA is laying off 10k employees but "the banks are actually healthier now" ...:rolleyes: :mad:
     
    PMcat, Aug 23, 2011
    #47
  8. Aengrod

    Aengrod Member

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    ^ hahahaha "Thank You Anthony" :D
     
    Aengrod, Aug 23, 2011
    #48
  9. dccpa

    dccpa Active Member

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    "What events would cause silver to drop back to high 30s"

    A group buy of over priced 2012 dragons. :)

    No offense Maggie. I buy for friends/clients all the time and I know from experience that to do what you are attempting to do will be several hours of work. I hope you have a good spreadsheet program.
     
    dccpa, Aug 23, 2011
    #49
  10. Diablo21

    Diablo21 Member

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    "What events would cause silver to drop back to high 30s"

    I'll try to answer this question again: When Bob Chapman says silver will hit $50 next week, expect a drop to the $30's ;) :p
     
    Diablo21, Aug 23, 2011
    #50
  11. BootyBandit

    BootyBandit New Member

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    BootyBandit, Aug 24, 2011
    #51
  12. jpanggy

    jpanggy Active Member

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    Most things are possible, including crazy high prices.

    However try not to read too much from precious metal bullish blogs, doing so will ensure heavy bias towards precious metals and eventually hoping/betting the financial world will end.

    Financial world ended multiple times in the past 1930, 1970, 1980, 1998, 2010. Every single time there is recovery. Remember this time it is not different.

    Spread your purchases and don't go all in.
     
    jpanggy, Aug 24, 2011
    #52
  13. MousePad

    MousePad New Member

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    i purchased 5 maple leaves today..when it went to $41usd spot.. it went down since yesterday and thought it would be a good time while it was down.. I didnt notice this thread at the time
     
    MousePad, Aug 24, 2011
    #53
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