According to the following article it would appear that silver is beginning to run out of steam, having risen about 88% in the last 15 months and could be due for a big correction sometime sooner than later. http://www.morningstar.co.uk/uk/news/article.aspx?articleid=96787&categoryid=5&refsource=newsletter
sure, may be a big correction, a january 2011 like correction I believe (20-30%). I highly doubt silver has peaked, it seems like the demand is still there. I went to a local coin shop last week and they said it would take them a month to get maples; A MONTH!!!
I think that Silver/Gold is linked to how good/bad the currency supply is. Given that FIAT is losing value every day with no signs of recovery then I would expect Gold and Silver to keep up its bull run. Like a previous poster said, if you want to buy silver now you have to wait a month for some products. That means there is more demand than supply which means its a bull market for price. The manipulation of price is another side.................
My view - We had a small round of 'top callers' at $23, we've got a bigger group of 'top callers' at $37, and we should have a much larger group of top callers at $47-$50. Some will be bearish this entire move.
Bah! WHY do you listen to this misbegotten divel? Why pay ye heed to the dissembling issuings of this callat of boundless tongue? Belivest thou in this confirmer of false reckonings? This knave most voluble; this wretched varlet with a body filled but a mind vacant? Why give ear to the dullest peasant in the camp; to a dissentious rogue whose natural gifts were so poor? Know ye not that this clamorous harbinger of blood and death knows less about silver than the tassel of a prodigal's purse? Bah! This most credulous pedlar of all lies should have his nib removed until his brain is somewhat formed. Bah! A villainous abominable misleader of youth and a contriver of all harms. Pay him no heed! BAH!
Wonderful script - me thinketh thoust art of finest fettle with thine quill ! Would definitely like to see a big fall soon as my FIAT is bursting to get swapped for the shiny stuff.
I think the only question you have to ask yourself is that if you cash out and make the "profit" where else will you place your money to protect its value? Real estate = overpriced, stocks = overpriced (considering how bad the world economies are), cash = will get reduced by inflation. bonds and treasuries = low interest but a bit scary due to sovereign default or commodities = perceived to be high due to all the factors happening in the world today. I know where I will place my money.
Absolutely ! Cash out when silver peaks, wait for the big fall then buy it all back plus more using the profit. Anyone have access to a reliable psychic that reads tea-leaves ?
Yep, this is exactly why I won't take profits. There is no where else to park your wealth safely. Every other option has its risk or is either a promise of some sort. Slam
The timing is the problem as if you can do it perfectly you would be a millionaire easy but obviously most of us cant time it exactly. I recently read this great saying which goes like "dont miss dollars in the pursuit of cents" or something similar. If you believe it will go much higher than now.
Silver will peak approximately 1 minute after I place my last order tonight. After this order, I do not plan on any further gold/silver purchases until the lunar dragon and the canadian wildlife #3 in September. So, I would like to apologize in advance for causing the soon-to-be multi-month crash in silver.
