How much higher for silver...

Discussion in 'Silver' started by Silver is Money, Dec 7, 2010.

  1. Silver is Money

    Silver is Money Member Silver Stacker

    Joined:
    Dec 4, 2010
    Messages:
    268
    Likes Received:
    6
    Trophy Points:
    18
    Location:
    Qld
    Hi all,

    The silver price is hovering around the US$30 mark and it looks like there's a battle raging between good and evil at this level. There's no doubt that silver (and gold) has had a steller run of late, but if you take any notice of some of the commodity experts there could still be a ways to go before we see a short term top.

    For instance, Clive Maund has just posted his analysis and short term price projection for silver and you can read it at: http://www.clivemaund.com/article.php?art_id=67 . Please do your own due diligence before taking any positions.

    How much higher the PM's can go before we see a correction or consolidation is anyone's guess, but when it does happen it could very well be a gift from heaven and a great opportunity to increase your silver stack, because IMO in the long term it's going much, much higher ;)

    Just be aware that Tuesdays in the US seems to be the favourite day for the "evil" guys to take down silver (and gold) due to the COT reporting structure (they can hide their tracks for a few days), so there may be a correction from current prices tonight. But then again, in this market it wouldn't surprise me if they weren't able to do this given the buying support shown at lower price levels.

    Either way you look at it, exciting times lay ahead :D
     
  2. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,228
    Likes Received:
    236
    Trophy Points:
    63
    Location:
    Brisbane
    Just like in shares most people missing out on the biggest move, because they waiting for the correction. Honestly I am sick of listen and reading those analyses appearing since silver past $23. I am not selling now either up or down so what is the point?
     
  3. white-metal-man

    white-metal-man Member

    Joined:
    Jun 10, 2010
    Messages:
    809
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    australia
    i am sure there will be many earned positions on the technical and fundamental aspects of silver....the markets, the manipulation, the scarcity......all i can say is ....MUCH HIGHER!!!

    added edit......i agree with projack......its all irrelevant.....if you have bought low.....just stay on for the ride....technicals and fundamentals aside.....its only really going one way in the long term!!!!!....
     
  4. intelligencer

    intelligencer Active Member

    Joined:
    Jun 24, 2010
    Messages:
    2,667
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Bris
    I think we may see $32 by the morning.
     
  5. intelligencer

    intelligencer Active Member

    Joined:
    Jun 24, 2010
    Messages:
    2,667
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Bris
    Its always a difficult decision about when to hit and when to stay.

    I'm awaiting shipments of about 300 ounces from the US presently and once they are through successfully without GST hassles I'm going to start importing in earnest.

    Lets increase the wealth in Australia :)
     
  6. intelligencer

    intelligencer Active Member

    Joined:
    Jun 24, 2010
    Messages:
    2,667
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Bris
    To hell with the price :)
     
  7. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,954
    Likes Received:
    489
    Trophy Points:
    83
    Silver bubble?
     
  8. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

    Joined:
    Oct 29, 2010
    Messages:
    1,454
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth
    OMG it comes in bubble form as well? how much above spot?
     
  9. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    625
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    If you dont mind me asking, from where do you source your US silver?
     
  10. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    625
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Thats very bloody funny. :lol:
     
  11. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    625
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Well, if it is a bubble and we see a huge correction, hands up who's buying then? ;)
     
  12. intelligencer

    intelligencer Active Member

    Joined:
    Jun 24, 2010
    Messages:
    2,667
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Bris
    That's like asking an angler his favourite hot spot; or a gold prospector for their patches ;)

    Just kidding. eBay, and Kitco. Nothing too special. Biggest hurdles are big outlays upfront, shipping and insurance costs, customs hassles, taxation hassles etc. Easy if you keep purchases under $1000 but that doesn't buy much silver these days.
     
  13. domdolittle

    domdolittle Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    808
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Caboolture near Brisbane
    How long is a piece of string ?

    Make your own judgement on that...

    For me, the way is up, up and away !
     
  14. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,391
    Likes Received:
    5
    Trophy Points:
    38
    Location:
    Australia
    I reckon the GSR is going to drop to near 30. The recent gains in silver are so high in proportion to gold. When gold is moving up $7, silver is going up 40c.

    For instance, i can see $60 silver well before $2800 gold, both of which would be double their current price.

    This is not based on any analysis :)
     
  15. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,352
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    You can have my ounces at $100 each, if not I'll keep it. Thats the free market.
     
  16. Forge

    Forge Member

    Joined:
    Jul 6, 2010
    Messages:
    891
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Launceston, TAS
    I need / want a new camera so a few of mine will be up for grabs soon.
     
  17. white-metal-man

    white-metal-man Member

    Joined:
    Jun 10, 2010
    Messages:
    809
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    australia

    DO IT!!!!! DO IT!!!! keep buying buddy!!!!..

    .I'm looking to unload anothe whole wad of fiat into the ring.......just picking up another long position......and hanging on for the ride....i accept that there may be a correction..if not several along the way..........so the ride may be bumpy!!!???
     
  18. white-metal-man

    white-metal-man Member

    Joined:
    Jun 10, 2010
    Messages:
    809
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    australia
    february will be interesting....ECB and the bond markets will definitely have some global repurcussions......but PM will still only be headed one way......UP!!!!
     
  19. Mick

    Mick Member

    Joined:
    Oct 18, 2010
    Messages:
    65
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Australia
  20. dccpa

    dccpa Active Member

    Joined:
    Aug 29, 2010
    Messages:
    3,108
    Likes Received:
    8
    Trophy Points:
    38
    Location:
    USA

Share This Page