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
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?
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!!!!!....
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
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.
How long is a piece of string ? Make your own judgement on that... For me, the way is up, up and away !
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
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!!!???
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!!!!
Maybe we're on our way to this kind of scenario... this chart was taken from one of endless mountains videos http://www.youtube.com/user/endlessmountain#p/u/35/QxAf85VPl2s
Interesting chart. Did you create it or find it somewhere? I would like to see it on a larger scale. It shows the old 3 taps and out.
