----------------------------------------------------- Don't forget, the entire innovation in usage of nano technology in medical science makes gold a very highly needed metal. In 3-5 years timeframe I bet, we will see significantly increased usage of Gold and so the costs..
Do you think that the price of a product, that hung for 2 decades due to sales of existing stocks AND rather big technological/industrial/scientific advances (computers being a major one), will be just 20% more for another couple decades? Do you see similar big improvements to happen in the economy? I don't. It's possible that we see $15 for some years, but $6? I hope so, but I wont wait for it lol, I'll be adding silver much 'sooner' haha.
Where were you 4 weeks ago, when the price reached $22? Then I saw the "SpringfieldStackers" talk 'bout $24-25.
4 for an oz of silver. there is definitely going to be a shortage, if the US mint is selling out at 12. put it this way, the guys manipulating the price picked up 900 million $ worth at 11.67, it won't go much lower than that. maybe 11 but we will see GBP in case you were wondering.
Gold seems supported at $1400. If it breaks through $1395, I'd expect it to keep dropping until at least $1350. Not a scientific TA though - just gut feeling.
In other words, you think it might go up, down, or stay the same, but whatever it does, you think it might do it. You are a well-paid financial adviser, right?
It's had quick dips past $1395, but bounces straight back up. I wonder if it can maintain that next week?
You think it could head down further next week? I get the feeling there is some resiliency at this price level. I'm probably wrong.
up a dollar,down a dollar I dont care.At $20-$22 spot Im paying about $23-$24/ounce.If we stay at $19 or lower I increase the ozs I buy.At this point I'm buying a tube or so a month.When the price dips I push it to 28 or 30 ozs.This is for name brand coins ie:SAEs,CMLs,britannias etc.If I start to buy rounds I could increase my stack rather quickly.
The futures market position, reflecting the price risk that the 'pro's' think there is, didn't drop big time with the recent price drop, which gives reason for lower, so I decided to wait swap my last saved euro's to silver. 25/03/2014 31755 $19.96 18/03/2014 35900 $20.84 11/03/2014 37634 $21.32 04/03/2014 39769 $21.14 25/02/2014 38985 $21.81 18/02/2014 32853 $21.62 The 2008 bottom position was 20000. In 2012 and 2013 we saw decade-low positions, the 2013 was even the lowest in all the data I have avail. So it's not "that" likely to return. But the 20000 is quite "common" so reasonable to wait for. The unknown element are the silver ETF's. These didn't sell big time alike their gold equivalents did last year. It's a rather weird gold-silver market difference. Because hard to find an explanation for. And yet, despite they didn't sell their shares, the silver price dropped with golds. As of recently, another weird element popped up with the biggest, IShares. I check http://us.ishares.com/product_info/fund/overview/SLV.htm every day (a very occasional miss is possible), so all lacking dates = no change. This is all data I have avail, as to make clear the weird element: 2012/04/12 308,370,469.900 2012/05/07 308,191,672.700 2012/05/11 304,309,376.700 2012/05/14 305,959,277.700 2012/05/17 309,258,814.500 2012/05/18 310,229,256.500 2012/05/25 310,714,438.500 2012/05/30 310,035,157.500 2012/06/04 309,897,800.500 2012/06/05 310,867,996.500 2012/06/07 310.714.438,500 2012/06/13 311,741,101.700 2012/06/22 317,512,767.500 2012/06/29 315,767,012.300 2012/07/03 311,271,605.500 2012/07/12 312,823,227.900 2012/07/13 311,756,579.900 2012/07/23 312,144,410.300 2012/07/25 309,914,477.500 2012/08/01 312.144.209,700 2012/08/02 313.759.604,400 2012/08/06 313.226.434,400 2012/08/15 312.935.630,400 2012/08/22 314.583.226,200 2012/08/23 315.746.223,000 2012/08/24 314,292,483.000 2012/08/30 312,548,119.400 2012/08/31 310,949,150.600 2012/09/04 310,028,547.400 2012/09/05 312,962,655.500 2012/09/10 315,191,323.300 2012/09/12 314,803,748.100 2012/09/13 314,077,053.600 2012/09/18 316,402,423.200 2012/09/20 319,599,599.800 2012/09/24 322,021,629.800 2012/09/26 322,990,383.800 2012/09/28 319,115,479.800 2012/10/01 319,551,403.800 2012/10/02 318,941,345.000 2012/10/11 318,118,072.400 2012/10/15 317,827,514.000 2012/10/17 317,052,725.200 2012/10/18 317,924,337.400 2012/10/23 318,892,721.400 2012/10/24 318,069,610.300 2012/10/25 319,037,966.300 2012/11/01 319,812,580.700 2012/11/02 319,675,305.300 2012/11/05 320,546,726.700 2012/11/06 320,934,008.300 2012/11/08 322,483,099.500 2012/11/09 323,935,348.500 2012/11/12 323,306,047.100 2012/11/13 322,483,146.800 2012/11/15 321,031,011.800 2012/11/16 319,578,894.800 2012/11/19 318,126,801.800 2012/11/20 317,642,788.800 2012/11/22 315,658,356.000 2012/11/28 315,174,390.000 2012/11/29 314,448,453.000 2012/11/30 313,722,526.500 2012/12/04 314,756,320.700 2012/12/05 316,014,502.300 2012/12/13 317,369,318.700 2012/12/20 318,143,414.700 2012/12/21 322,981,444.700 2012/12/31 324,239,127.100 2013/01/03 324,099,581.900 2013/01/04 323,470,757.600 2013/01/07 325,115,347.800 2013/01/10 325,792,488.600 2013/01/15 326,759,768.600 2013/01/16 345,137,860.600 2013/01/22 343,687,009.600 2013/01/24 337,497,108.800 2013/01/25 336,578,312.500 2013/01/28 335,756,245.200 2013/01/31 333,677,044.700 2013/02/02 335,175,993.900 2013/02/04 335,036,944.900 2013/02/07 335,858,876.200 2013/02/08 337,406,018.600 2013/02/15 338,276,212.400 2013/02/20 338,856,290.000 2013/02/21 340,886,515.400 2013/02/27 341,369,860.400 2013/02/28 342,046,537.800 2013/03/01 342,433,205.000 2013/03/04 342,292,222.100 2013/03/12 344,128,591.100 2013/03/15 345,095,059.100 2013/03/19 340,262,979.100 2013/03/21 341,954,161.600 2013/03/22 343,645,323.100 2013/03/27 344,128,478.100 2013/04/03 343,302,253.400 2013/04/05 337,505,197.400 2013/04/15 336,007,785.800 2013/04/23 331,757,790.600 2013/04/25 333,303,182.600 2013/04/26 334,124,167.000 2013/04/29 334,607,098.000 2013/04/30 336,055,837.000 2013/05/02 335,376,960.800 2013/05/09 335,666,675.000 2013/05/15 334,121,683.000 2013/05/16 331,852,518.300 2013/05/17 329,631,679.700 2013/05/20 327,893,650.100 2013/05/22 322,245,369.800 2013/05/29 321,279,945.800 2013/06/04 321,135,274.700 2013/06/11 321,473,111.500 2013/06/20 320,990,547.500 2013/06/21 323,885,835.500 2013/06/25 317,709,349.100 2013/06/26 317,998,855.700 2013/06/27 318,481,348.700 2013/07/03 320,267,163.300 2013/07/05 323,161,899.300 2013/07/08 322,631,213.100 2013/07/12 327,455,323.100 2013/07/16 328,227,127.900 2013/07/18 330,638,952.900 2013/07/24 335,269,311.300 2013/07/26 334,979,923.500 2013/08/01 334,401,194.700 2013/08/02 334,262,543.500 2013/08/13 336,094,888.300 2013/08/15 338,409,381.100 2013/08/21 339,373,701.100 2013/08/28 340,820,040.100 2013/08/30 338,795,220.100 2013/09/04 338,666,855.900 2013/09/11 339,630,913.900 2013/09/13 337,510,087.500 2013/09/19 340,883,814.500 2013/09/24 341,751,284.900 2013/10/03 341,606,142.200 2013/10/07 339,678,718.200 2013/10/11 337,751,450.200 2013/10/16 334,089,777.800 2013/10/23 335,727,679.200 2013/10/31 337,654,563.200 2013/11/04 337,510,405.700 2013/11/13 335,776,562.900 2013/11/18 334,524,434.500 2013/11/22 333,079,850.500 2013/11/25 332,116,808.500 2013/11/29 331,442,709.900 2013/11/03 331,297,122.100 2013/12/10 328,216,037.300 2013/12/17 326,001,625.500 2013/12/24 321,814,189.100 2013/12/30 320,177,792.900 2014/01/03 318,597,649.500 2014/01/10 320,041,282.500 2014/01/14 318,116,486.500 2014/01/17 322,446,926.500 2014/01/31 324,563,599.300 2014/02/05 324,422,849.100 2014/02/07 322,979,783.100 2014/02/12 324,422,753.100 2014/02/14 322,498,869.100 2014/02/18 326,346,613.100 2014/02/20 324,134,298.300 2014/02/24 326,635,134.700 2014/02/26 328,077,858.700 2014/03/03 326,923,758.700 2014/03/05 326,803,953.400 Notice the frequency of the updates as of lately (2014/03). We saw quite some price change over that period, yet since 2014/03/05 no updates. It's hard to believe that Ishares' shareholders on a net total basis ceased to buy/sell shares. But if that wasn't true, then it must imply that Ishares fund management ceased to update their stock, which in turn would mean that they stopped to let the Exchange Traded Fund track the silver price, or in other words: the ETF share value was discoupled from the silver price, rendering them to separate markets where the Fund shareholders only able to drain off eachother in the zero-sum market fashion.
It's weird that you think spot would be influenced by one ETF with just 10 ton of Ag holdings. I've told you before Pirocco, silver is most influenced by producers and consumers and not investments.
http://us.ishares.com/product_info/fund/overview/SLV.htm Are you jesting? IShares alone holds not 10 ton, but over 10000 ton silver, being one third of a worlds annual total supply.
