Maybe...maybe not. I thought $30 was a bit bullish, but not unreasonable. And, not sure who on this forum was predicting $500 in today's dollars. Share please?
Just read Thomson Reuters GFMS analysis summary by one of our PM trading companies. According to that report year 2013 will end with shortage of 800 000 oz of palladium. Is expected that price increase of palladium will last at least until the end of the year if not until 2nd 1/2 of 2014. It will be interesting to watch PM prices after German election in September.
not predicting or anything, I just know someone from the future, and he brought me a magazine. I saw the price was there. a few series of the magazine. there were toto numbers too :lol:
lol I'm just pointing out how extreme people will go on these forums. Making these sorts of claims about $500 silver, that supposedly bullish stackers "vomit," only seems to discredit her opinion. I still think $30 is more reasonable than $13. But, that's my ONE opinion out of 7,000,000,000
10am NY time Silver jumps up 60c, sideways 3 hours ( yes Court Jester, sideways!) then jumps up 40c, this looks like another very optimistic end to the week for silver. 13 or 30? , $30 easy.
Closed AUD$26.61, up $1.10 for the day. $30 is just $3.39 away (3 days at this rate! but maybe a week...or two?)
My take on the current situation which is based on no knowledge at all about the silver markets nor any knowledge about buying silver has been based solely on looking at the bigger picture on the available graphs, zooming in then zooming out and trying to get an organic feel to it. I just started doing this on about 8th August and it seemed to me that silver seemed to be at the lowest it was going to get. I bought a kilo then another kilo the next day. My reading of the graphs were that silver's correct value is due to be about $30 within a few months. I expect it to hold this for a while and then bob around a bit and sink down again, but not too far before gradually reaching a value of about USD$45-50 by about 2018
Funny Thread.Strange not to see any Gen Y members saying they are investing in Silver so they can get the deposit for a house.