Im pretty confident this last small drop was a pure result of profit taking from the massive run up from 18-24 in just two months. Also I believe many took profits as an insurance policy in case the fed announces some sort of tapering plan in regards to qe. With the last US housing report being rather grim and unemployment figures not at the desired level its doubtful they can or will taper. In regards to Syria I see the US engagung in some sort of campaign although most likely in the form of drone and air strikes. I dont see troops on the ground in the immediate future but on the horizon possibly. All of these factors bow well for silver. I expect Benny B too do more talk of tapering at the next meeting. His rhetoric will be met with a 3-5% drop in the market. He will the retract those statements and spit more rhetoric which will result in a drop of the US dollar and an increase in the price of pms. Indias rupee will continue to lose ground and citizens will continue to buy pms. Chinas economy will continue to slow and I wouldnt be suprised if they followed the US model for stimulating economies and go to war. But all of this is irrelevant as fukashima will probably end up killing us all in the next 20 -25 years.
Well you know I think pretty much anything could happen from here. Although I think a rise through Sept - Oct for PM's is an odds on favorite around 75% chance imo. I hope the U S leadership shows some balls and stands down.
I doubt anybody really knows, and in my case I do not care. I will buy at the going rate and hold until I am forced to sell my first ASE in a year or three. I am 100% confident that sell price will be a LOT higher than the buy price. JMO OC
Youre delusional CJ. Ever since u joined the forum youve spewed the samr negative bs. Its not that I dont mind hearing a bear perspective but only when there is intelligent thought behind it. So far youve said silver will trade sideways for twenty years, youve said we are in a dow trend and youve mocked people for paying too much in the past. So youve prett much been wrong or a complete a-hole since you started up here. 18 - 25 in over 2 months so 40% gain is a downtrend and the 40% movement is sideways? And silvers going down yet spots up over 70 US? You never put any facts or real examples behind your arguements so theyre not worth reading. Mmmissin Link often gives a bearish outlook but at least there is thpught and examples in his arguement even if hes wrong
Actually I sait it would be 20+ years until we saw $50+ again I said it would be a few years until we see it trading above $30 again, please get your facts right if you are going to quote me. and it has been trending pretty sideways Mis to low 20's is where I see it for the forseeale future and that is exactly where it has been and will be staying.
I think making a call on what is going to happen years down the track is a huge call, no-one knows what will happen next week.
I'm not sure you had to be carnac the magnificent to see that the aussi would be doing it's best hindenburg impression in the coming months though.
its still in the low 20's where im looking seems SIDEWAYS is still correct the world does not revolve around America.