Silver is hard to predict - especially hard to go high But I would expect US$36-42 not unreasonable by years end
US corporate earnings reports for Q2 are due later this week, and they are all going to be bad. People will get out of shares and into PMs. Prices will go up to $37/oz and not look back until after the elections. If Obama wins, crash back to $26 because the general populace are idiots and think he's a socialist. If Romney wins, crash back to $26 because the general populace are idiots assume all their services will be cut off. ****BS ALERT I know jack poop. Joel
Predictions for silver prices are impossible to come up with, it is more likely that the world will end at the conclusion of 2012 than what it is for someone to guess the price of silver at the end of the year and if so, then silver would be worth exactly $0.00. Problem solved, you're welcome.
These kinds of posts are really kind of pointless. All of these opinions are like listening to sports commentators predict who is going to win the next Super Bowl. No one really has a clue. Educated guesses at very best
All our predictons are a waste of time.If i buy the price goes lower. If I sell the price goes up.Wishing and hopeing don,t work either .One day..................................................................................................................................................................silver might shock us all and rise to the heavens.I think I'll just chuck it in the corner and forget about it. I will go back to chasing the wife around the house. 50 shades !!
around $31.00 - silver will rally after US elections. 2012 has been a doom and gloom year, too much negative sentiment out there for investors. I would be watching 2013 for PM's/shares to rally, just my opinion. Those companies that have weatherd this year and remained stable/increased are the ones you should be watching/investing in.
The bear market will end some day between now (mid 2012) and the end of 2012 between $22.50 and $26.50. The former is the previous peak which will prove a very attractive support level in the current climate and the latter has already proven to have strong support. The last three cylces of the silver market have had a two stage bull market, first a slow build to the previous high followed by a shorter period of irrational exuberance which is then smashed by bear speculation. I am predicting that the pattern will contine within generous bounds to allow for changing economic conditions and political events. Therefore, I predict that after the bear ends before the end of the year silver will take between a 12 and 18 months to hit $45. So, $45 some time either side of around Jan 2014. The crazy speculation will then propel silver to somewhere between $80 and $90 some time between mid 2014 and the first quater of 2015, after which it will be smashed down in a bear market. This is all speculation based off a pattern observed in the chart since around 2003, and I would really like to know what changed in 2003. That aside, my interpretation is that there is an underlying pressure making silver attractive (probably concern about fiat) and laid on top of this there is a repeating bear/bull speculative pattern. The thing to be most concerned about is the source, and possible withdrawal, of the underlying pressure behind silver. The other thing to note is that these predictions are all based on there being no significant change in the ability of USD to buy silver in the global market, but I think it is safe not to worry about that as I don't live in the US and if the USD tanks there will probably be people looking for other safe havens like PMs. I see USD risk as an upside variable for silver, in global terms. As I've said above, I think what we most need to be worried about is economic changes that make other people stop worrying about cash and equities as investment classes. At the moment there is an obvious inflationary risk to cash and little confidence in equities. It looks to me like our glorious leaders are going to try a gradual inflation approach to (a) take the heat off debt and (b) maintain equity prices. If successfull, it will take the global economy a couple of decades to burn away the "excess debt" and return to meerly "normal debt". Overall this is a good situation for silver holders, but how could it go wrong? We would be asking for trouble if we did not try to map out all of the ways that global plans could go bad and the effect that would have on PMs. 1) Hyperinflation: If things get out of hand and all of that money floating around bleeds into the real economy price inflation could set in. In this case I expect that governments would try a hard reset and would legislate a bunch of debt out of the system, probably thier own. This would be bad for anybody holding assets at the time due to scarcity in the monetary suppy causing price deflation. 2) Deflation: We could see a similar thing happen without the preceeding hyperinflation. i.e. if economic confidence falls far enough we could see asset prices fall as people realise that all of that extra money tied up in various deals is imaginary because a debt that cannot be paid cannot be monetised beyond a certain point and thus cannot be used to buy an asset. In this scenario it is the market that wipes the outstanding debt (through bankruptcy), not the government. The outcome would be equally bad for asset holders. Both scenarios assume that society itself does not collapse. My conclusion is that so long as our glorious leaders' plans are working it is a good idea to ride the pressure in PMs. If this continues for a few years all well and good, I don't plan on being here for the very long haul as I am young and have asset purchases to make. However, if it looks like things are coming apart at the seams it may be time to consider what the best course of action is. 1) Government led deflation: I seriously doubt that our leaders will let hyperinflation get to the loaf of bread for a bucket of notes stage. Therefore, if there is a sign that leaders are going to deal with inflation by wiping debt, I would consider getting into cash. This may be easier said than done, because cash in a bank is really a debt by the bank to you and banks may fare badly if governments start wiping debt (government guarantees may not be so good either). You might say that some PMs are basically money, but that will only hold true in a total collapse. Hopefully if this happens property will not be one of the classes caugt in inflation, as it is currently in an extended bear market in most places. Therefore it may be possible to switch to property. I think that this is the more unpredictable and tricky situation to deal with. 2) Market led deflation: In this case I am hoping that equities will already be hammered and people will by seeking safe havens. This would be an ideal time to switch into equities. Disclaimer: I know nothing.
ah... THINK... GUESS...CALCULATE... THROW A DART ...GO TO A FORTUNE TELLER....STAND ON ONE LEG IN A BUCKET OF LIME CORDIAL SING" JUSTIN BIEBER.......$9 TO $66.66.
