Silver goes up, AUD goes up. Silver goes down AUD goes down. One day maybe Silver goes up and AUD goes down. Sling shot.
Don't want to be the bearer of short term bad news but is silver tanking? seems to me as it is....:rolleyes
Ok, I'm hearing you however, let's hope we don't have to refer back to "you not going to believe this but it went from 17 - $28 and now it's gone from $31 to 22 before a correction. Remember every healthy uptrend asks the question when will their be a big correction before it sky rockets again at some stage. I personally hope it does drop low, lower, and much lower then I will buy, buy and buy more
This maybe a reason. Can you spell manipulation? Harvey Organ Sorry folks, but I did visit Kitco today!!! https://www.kitcomm.com/showthread.php?t=74019 Comments?
If they're talking manipulation to sub $1300 gold, you would have to expect silver to get to sub $27 prior to end of jan...?
I think I will hold off stacking till the timeline plays out. The PAPER PM market has been rigged for so long and they won't go down without a fight.
their is a good discussion on kitco regariding another "crash" in ag. https://www.kitcomm.com/showthread.php?t=71038
That post had over 400 comments!!!! It started late Nov 2010. It is still going. I read the 1st 20 & the last 20 comments. Main thing I got from it was COLLASPE VERSUS CORRECTION
I'm very interested to see where silver closes for the weekend. The question now is how low can it go? Iv got the number 23 in my head and i cant seem to shake it. see what happens in the coming months. I'm putting a hold on all my buying for the time being.
The lower the better. I would imagine most here, who appear to be stacking for longer term, would be pretty happy with sub 30 for a while. Giving time to build on stockpiles. Especially whilst our inflation isn't that rampant and we still generally have an operating economy giving us employed folk a token amount left over to buy with. I'm sure no-one here is really intending to get out of silver until we see S/G ratios lower than 25 or 30 and some other asset class that's bottomed out, thus giving us somewhere to move the wealth.
Well all those who wanted the price of silver to fall must be really happy and buying silver like crazy,eh? or are they afraid to.
Peter it hasn't really fallen much yet so we're not that happy yet. Now $25 AUD per ounce, that would be exciting.
Well if people are so sure it's going to skyrocket to $50-$200,what difference 3 dollars? Amazing how quiet they have become. Mind you, I might buy at $23 . Glad I'm out of shares. Aud might fall,holding pos up,though.
Always have bought my silver bullion in coins, especially the Lunars. Provides some buffer against downside spot price due to their collectability, don't get that with bullion bars.