Anything is possible. And...where will the AUD be in six months??? Probably lower against the USD. :| If Ag breaks the lows of November 2014 (AUD price) there could be a buying opportunity for folk who already have their fill. Having said that...I don't see a break-out of the charts for silver. The GSR could go North of 85...maybe.
Yes that's a great idea Leon let's stop buying silver while it is cheap. Better to wait until it's more expensive. To me it's not same as share trading, waiting for the upturn in the trend to buy. Buy at the lowest price you can get for pms. Even I know that and I'm certainly no expert.
It is smarter than an ignoramus naked long (phys), if one is to really believe it is a manipulated market.....
We are in the same price area since one year now. All i can see is everything - but not a low premium, even if we are going sideways I don not like much spending lots of money and have to wait six weeks or more for delivery http://forums.silverstackers.com/topic-67235-premiums-on-silvercoins.html
Says Who? I once asked that of a clergyman, I was 9, still waiting lol It was outed by wikkileaks with documents of proof around a year ago so you now have a place to start looking or ignore!
Silver is down about $4USD in the last year and most of us would not define that as stable pricing. There are kilo koalas available for 1.99/oz over spot. How is that possible in a silver shortage?
Looks like you forgot that the US$ is not the only currency on this planet and most members here are not US boys !!! I worked a few months in the US and i also have learned over this time that some guys over there even do not know there is something other out there.
Since you said we, you should to be more specific as to who we are. Not sure where you worked in the US, but the same thing is true of almost any non-tourist area of any country. And most members here are men and women, not boys. I am quite aware of other currencies and I recently initiated a short Euro position that I will close off after the US market rally is complete. Edit to add one thing and then I am out of this discussion. Your saying silver price is stable is ignoring the fact that the currency you are valuing it in has declined. If silver drops 20% and the Euro drops 20%, the price in Euros is probably stable. All you did was transfer from one losing investment to another losing investment. While I won't be following this thread any more, I am curious as to how people think that they have gained or even not lost in that type of situation?
I posted this chart on other PM forums as well. On average, 50% of the reply ridiculed me; another 35% insist they will keep buying regardless; only 15% tend to agree. Since individual investors have been reliable contrarian indicator, my conclusion is there must be 85% probability that Silver is going to keep dropping in the near future.
The Fed is poised to raise the int. rates - this will almost certainly send gold (and silver as well) higher, not lower.... http://seekingalpha.com/article/349...uring-fed-rate-hike-cycles-historically?ifp=0 And if you think that the paper markets are anywhere near stabilized, you should see the next few weeks! That'll be a boost for the metals I believe. .
Fed won't raise, silver and gold will move higher...they will say Oct, but data dependent. Then Oct will come, and it will be more of the same. Then Dec...then 2016, then 2017....they willl never raise. As a matter of fact, I'm with Schiff, they will come out with QE4 (but call it something different - maybe helicopter money??). At some point folks will see the Fed for what the are...a giant Ponzi ring.
Now that was interesting! Thanks for posting it. There was one criticism in the articles comments. Do you think it is valid?
And they won't raise rates. http://finance.yahoo.com/news/imfs-lagarde-says-fed-not-161219327.html http://investmentresearchdynamics.com/wax-on-wax-off-interest-rate-hike-interest-rate-hike-off/ "Without question the extreme intervention in the paper precious metals markets NYC and London is serving the purpose of hiding the fact that the Fed will not be raising interest rates this year, or next. In fact, the next policy move will be more money printing. Or "QE4" if you want to call it that. But until the Fed sells its Treasury and mortgage holdings, for now what is occurring is pure money printing. And more of it is coming."
I have not seen $12 or $13 or $14 or $15 or $16 silver the WORLD DOES NOT REVOLVE AROUND THE GOD DAMN F--ING STUPID AMERICANS
