So far in 2013 we have seen a silver high in January of USD 32.25 and it dropped non stop since then to to a price of 24 right now and doesn't look like stopping any time soon. A loss of 25.58%in 5 months. If a sane person were to extrapolate a prediction using this data and its current falling rate we can expect a price of about USD $15 by the years end. How are those numbers?... Keep on stacking bro your capital is looking fineeee... :lol:
I found it interesting, thanks Gold up 2.4% and Silver up 4.5% so far today.....SUPER Golds significant numbers are 1628, 5554, outside chance is 1251 Don't feed the troll
i dont wanna feed the troll any more than he has already been feed, but if silver dropped to $5 per oz, then i think ALOT of people will be buying monster boxes, i know i would be calling bullion bourse and ordering 10 monster boxes.
No analogies Pirocco...just an observation....just filling in time before those big juicy price moves northward that silver will eventually make....
The paper game has to come to an end soon because every time there is a substantial dip everyone with common sense buys physical like crazy. Physical sales during this dip have been incredible and on the flipside, nobody sold physical during this dip so it looks like this little stunt to shake out the weak hands backfired big time!
1. Today, +5.35% IN ONE DAY! Silver is quite volatile, thats a fact. 2. Silver is for me the most undervalued precious metal - Dig me a kilo silver out of the ground - I think if you are done you would be asking for far more than 24 Bucks per ounce 3. What is the paper worth that you currently have in your walltet, 1 or 2 cents?...and how about your bank account, you may want to ask the average Cypriot bank customer how bad that can go. 4. All your comments so far have been strongly bearish with unreasonable panic statements (If you have kids to feed convert it to fiat now, blah, blah, blah...) May I ask you what you are doing then on the website silverstackers.com? In 20-30 years from now, I will start selling my silver with a big smile on my face. In 20-30 years you will be looking at your 20-30 year old posts on the silverstacker forum. The future belongs to those who prepare for it today. Malcolm X
Your methods are 5h!thouse. Short-term volatility can't be reliably extrapolated into long-term forcasts. Based on your logic, using data and it's current falling rate, petrol prices will reach 62 cents/litre by years end. And there is no way I'm going out to buy one of these yet.....
I think he is a complete nut job considering there atre gold mines closing down because hte current ($130ish) gold price is too low nad under the cost of production I dont see it ever going back down to $500 ever same with silver lol tin foil hat much
How is a crisis solved? By more/better-working people that produce what other people want at a price they can afford. As I said earlier, in the seventies/eighthies some big technological progress was made (ic's, computers, automatisation). What will now solve the crisis? So that a hedge (ex precious metals) against its consequences isn't needed and alot better opportunities out there (stock market)? So that people will dump/stop to buy gold/silver as to bring the claimed price levels? So what are the promising markets out there? If I look at http://finviz.com/futures_charts.ashx?t=NQ&p=w1 and other 5 years trends there, it looks like golds $1900 and silvers $50. Just an observation. The big question now is, am I doing the same here as you (selectivity)? Who of us both is looking at the biggest picture?
Well I am looking at Monet and you are looking at a Jackson Pollock. Yours has a bigger frame but mine is more interesting. Mine, however does not look like much up close and really needs to be appreciated from a distance while yours is particularly abstract and only appreciated by a connoisseur. Price is comparable but aimed at different clientele. It has nothing to do with the bigger picture, but an appreciation of countless pictures.
'more interesting' 'too close' 'needs to be appreciated from a distance' 'abstract' 'different clientele' Arguments? I asked who of us is looking at the biggest picture. Why is economy / future quite hard to predict? Because there are alot things happening simultaneous, and predicting what is next is trying to recognize and understand as many of them, including their inbetween relations, as possible. Trying to predict economy is much like trying to predict human nature and the weather. The only way to have some accuracy better than a wet thumb, is to gather as much data as available, is to be able to recognize relationships and thus relevances, and combine this all together into a picture that doesn't hold contradictions but forms a whole. Silvers price moves in recent years are mostly due to its monetary role as storage of value. So to predict what is next, it requires one to understand the markets of the competing storages of value. Stocks are competing. Bonds are competing. Gold is competing. Houses are competing (though are quite impractical and a debtdriven market). All in their own way and over their own respective market situation trends time frames. This is not 'abstract' but simply their situation now. So again the question about this competition story: what is out there that promises a better storage of value? As said, stocks trends now look like golds $1900 / silvers $50. Bonds? Their yields are hammered down with new fiatmoney everytime people from real markets refuse to lend their money. In the seventies/eighties, lotsa scientific/technological progress, with a huge productivity-increasing effect. Today?
May not be 15 dollars by year end however will get there between now and then.( I think 15-18 range) There is no infation and property and shares is the place to be for next 2 years IMO.
Should be some very cheap property in Cyprus / Europe Very soon. PM's to da moon then sell a few oz gold for a property
I'll get a to da moon link up very very soon I feel it in me bones lol In the meantime this report says some residential house prices have fallen up to 50% and I would guess it could drop more http://www.diarmaidcondon.com/cypriot-property-prices-to-fall/
