Does it even matter right or wrong? The prediction showed no explanation. No reasons given. No figures / trends / analysis, not even a single clue about why specifically that time precision of end juli / early august. Even IF the price had been driven to $25, then what? It would have been just like sammysilver slammed the lever of a slotmachine, and the outcome would have been no different than when it had been a monkey slamming it. This was Pirocco, from the Flame Department
The silver price is tied like a bouncy spring to the gold price. So what drives the gold price? a) "...gold prices aren't driven by consumer demand not from people who buy gold because it is gold. They tend to want more when prices fall, and vice versa. The people who count instead are investors moving out of other assets, choosing to buy gold because it isn't anything else and bringing in money which otherwise wouldn't hit the bullion market." b) "...at root, long-term rises or falls in the gold price reflect a broader anxiety whether about politics, the value of money, or the outlook for other, typically more productive assets. People tend to see gold as a form of financial insurance, and the cost of insurance is highest of course when you most need it. Gold prices had already tripled and more by late 2008 from their 30-year lows of 2001. Demand for gold coins was so strong before the Lehmans bankruptcy that many retail dealers were already cleaned out by the time the investment bank failed. The economic collapse stunned economists as well as the markets. Longer-term gold owners were less shocked. So too was their money." http://forums.silverstackers.com/to...ance-the-seven-drivers-of-the-gold-price.html
If that is the case, why did the order silver peak > gold peak (months, upto even a year later) so many times occur? It's more like golds price is tied with a bouncy spring to the silver price. And even the metal properties confirm that, gold has a higher density than silver, so it can only lag behind like a fat arse. Especially considering the central planning have to measure first in order to regulate later. You can't regulate with no input!
I would like to ask a question not directly related to this, in case anyone knows the underlying stories. Gold AGE + buffalo24k: year ounces averageprice 1986 1,787,750 $367.66 <- super peak year 1987 1,253,000 $446.46 <- super peak year 1988 560,000 $436.94 1989 503,500 $381.44 1990 457,450 $383.51 1991 253,000 $362.11 1992 385,800 $343.82 1993 514,000 $359.77 1994 310,000 $384.00 1995 297,750 $384.17 1996 275,000 $387.77 1997 771,250 $330.98 1998 1,839,500 $294.24 <- super peak year 1999 2,055,500 $278.88 <- super peak year 2000 164,500 $279.11 2001 325,000 $271.04 2002 315,000 $309.73 2003 484,500 $363.38 2004 536,000 $409.72 2005 449,000 $444.74 2006 584,000 $603.46 2007 366,000 $695.39 2008 1,032,500 $871.96 2009 1,635,000 $972.35 2010 1,429,500 $1224.53 2011 1,174,500 $1571.52 2012 885,000 $1668.98 2013 1,095,500 $1411.23 Especially the 1998 1999 cases are remarkable. The year average prices then were decades bottoms. Yet, the US Mints gold coin sales were, and still are at present day, the 2 biggest ever seen. A similar but 'weaker' such case in 1986 1987. Prices were higher, but not that higher. And 2000 also deserves attention, 1999 was the all time record gold coins sales by the US Mint. 1 year later, in one huge sudden drop, it became the lowest sales ever. From highest to lowest, in just a single year. Are there known (maybe different for every such remarkability) explanations?
