I just noticed that the dealer I intended to buy my next chunk from, increased his prices since this morning, unrelated to spot price, since markets are closed. Saw that happening before. Seems like friday night is a better moment to decide whether to buy or not, than saturday/sunday.
Three weeks later, and we're down about 3%. I think the bottom is sorely being tested. ( forgiven the split infinitive) May will make or break PMs for the rest of the year. If the bottom holds, we'll climb up to Christmas. I think as stackers we are not only living through a significant period of history, we have something to measure it against. I may have to donate my fifties to the war effort to provide silver for the Tomahawk Missiles.
If gold continues down over the year, I wonder if silver will follow or will it hover around the current level with the GSR changing towards gold's favour? There are some strong signals that gold will be trending down for the remainder of 2014, see: http://forums.silverstackers.com/to...commercials-see-the-kill-in-gold-futures.html
I don't think a 25% drop in gold to $1,000 would see a corresponding drop in silver down to say $12.50. If gold were to drop, silver will trend slightly lower or hold firm, thus dropping the GSR towards 50. However, this is a debate on the US economy more than an analysis on silver. The silver fundamentals are strong, just a question on when, more so than if, they'll kick in.
