$31 Silver

Discussion in 'Silver' started by Stedlar, Jan 3, 2011.

  1. Stedlar

    Stedlar Active Member

    Joined:
    Aug 16, 2010
    Messages:
    1,053
    Likes Received:
    15
    Trophy Points:
    38
    Silver goes up, AUD goes up. Silver goes down AUD goes down. One day maybe Silver goes up and AUD goes down. Sling shot.
     
  2. boston

    boston Well-Known Member Silver Stacker

    Joined:
    Jul 7, 2009
    Messages:
    3,857
    Likes Received:
    24
    Trophy Points:
    48
    Location:
    Australia
    LOL :)
     
  3. hihosilver

    hihosilver New Member

    Joined:
    Sep 23, 2010
    Messages:
    622
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Don't want to be the bearer of short term bad news but is silver tanking? seems to me as it is....:rolleyes
     
  4. PerthStack

    PerthStack Member

    Joined:
    Feb 16, 2010
    Messages:
    882
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Perth
    If you mean silver going from 17 - 28$ per ounce in the last year, then yes.
     
  5. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

    Joined:
    Sep 1, 2010
    Messages:
    3,572
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Brisbane/Greenbank
    I think it is the GSR players who are doing this - they will be burnt as well
     
  6. hihosilver

    hihosilver New Member

    Joined:
    Sep 23, 2010
    Messages:
    622
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    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:)
     
  7. boneyard

    boneyard Well-Known Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    6,093
    Likes Received:
    426
    Trophy Points:
    83
    Location:
    55G 528505 5257160 TASSIE
  8. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    Silver's may be down 'fiddy-cents' ...but gold's down $10.50...that's gotta hurt!!!
     
  9. Apollo

    Apollo New Member

    Joined:
    Sep 5, 2010
    Messages:
    557
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    Australia
    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...?
     
  10. boneyard

    boneyard Well-Known Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    6,093
    Likes Received:
    426
    Trophy Points:
    83
    Location:
    55G 528505 5257160 TASSIE
    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.
     
  11. silverfunk

    silverfunk Active Member

    Joined:
    Mar 21, 2010
    Messages:
    1,503
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Winterfell
  12. boneyard

    boneyard Well-Known Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    6,093
    Likes Received:
    426
    Trophy Points:
    83
    Location:
    55G 528505 5257160 TASSIE
    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
     
  13. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,590
    Likes Received:
    1,948
    Trophy Points:
    113
    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.
     
  14. silverfunk

    silverfunk Active Member

    Joined:
    Mar 21, 2010
    Messages:
    1,503
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Winterfell
    i think even our own hobo-jo weighs in on the thread..
    its an interesting read none the less.
     
  15. lakesentrance

    lakesentrance Member

    Joined:
    Dec 15, 2010
    Messages:
    275
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Australia
    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.
     
  16. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,635
    Likes Received:
    121
    Trophy Points:
    63
    Location:
    sydney
    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.
     
  17. Bargain Hunter

    Bargain Hunter Active Member

    Joined:
    Jul 11, 2010
    Messages:
    761
    Likes Received:
    31
    Trophy Points:
    28
    Location:
    Sydney, Australia
    Peter it hasn't really fallen much yet so we're not that happy yet. Now $25 AUD per ounce, that would be exciting.
     
  18. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,635
    Likes Received:
    121
    Trophy Points:
    63
    Location:
    sydney
    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.
     
  19. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,305
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    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.
     
  20. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,505
    Likes Received:
    28
    Trophy Points:
    48
    He didn't get his 100 now he's going for the or bust. Wonder if he settled that bet with Aurora.
     

Share This Page