Gold & Silver November Price Outlook & Predictions - Crash or Rally?

Discussion in 'General Precious Metals Discussion' started by Silver2012, Nov 2, 2013.

  1. Silver2012

    Silver2012 New Member

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    Gold and silver prices have been on a crash course for the entire duration of 2013. Many people have been speculating that a bottom has already been seen and the metals will start rallying from here. In my opinion however, I still believe the downward pressure remains on the metals and we will be seeing lower prices in the near future. November looks like it will be a consolidation month to me, with lots of choppiness and indecision. I think the market needs time to digest the notion that the Federal Reserve is in no way to taper QE until Janet Yellen steps in.

    [youtube]http://www.youtube.com/watch?v=T0w65XyvZQ0[/youtube]

    In November, the prices could continue to bounce, but I think it is much more likely that the prices will continue to drift lower. What are your sentiments for November?
     
  2. Guest

    Guest Guest

    Wouldn't have a turtlen' clue. If I had to guess I'd say up
     
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    sideways or downwards mildly
     
  4. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I like your thinking

    <---- SIDEWAYS ----->
     
  5. menotcrimex

    menotcrimex Member Silver Stacker

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    I expect them to keep banging the price down while they still can.
    Gold to $1111 - $1020 approx

    Silver to $17.49 or lower but not below $15.??

    Time frame....no idea
     
  6. Silver2012

    Silver2012 New Member

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    Still expecting a drop, how low is another question. I'm thinking a revisit of $18.5 is likely.
     

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