Silver is currently $23.60. It will go up 10% to $26 by the end of the election and the July RBA meet. This is a conservative estimate as silver spot is trending up regardless of the AUD dropping, plus, an interest rate drop is expected in the next one to two months. If the RBA cuts another 0.25% in June, we may have $26 within 4 weeks. I truly believe we can kiss sub $25 silver goodbye after this month! Buy it while you can!
we still have not seen $24 yet and may 1 has come and gone so another failed prediction in the making my signature will need updating soon
Silver needs to consolidate a level in USD before it's going to go much higher. But then with all the talk now of deflation in Australia and interest rates maybe headed to 1% you might get there on AUD weakness alone - especially if Labor gets in on July 2! Good luck sammy. I hope you're right.
I don't know if I'll be right or wrong, I'm just documenting how I see things, spitballing! But as this is the premier silver forum in the world, I think it is a discussion that needs to be ongoing, right or wrong. http://www.smh.com.au/business/the-...e-to-zero-interest-rates-20160509-goqcl8.html What if we do get to zero interest rates? What if nothing changes? What if USD silver spot keeps rising? What happens when Trump becomes President? What if you have $50,000 in the bank and your waiting again for the dip to $20 silver? All the gold articles in the MSN are written by journalist that have never owned gold! I'm not the smartest guy here, but I have some thoughts that I'm happy to share. Where are the others?
There are a few around if you can get past the trolls I personally expect that the RBA will want to give it time for the last interest rate to have some effect before they move again. They did show a steady hand for a while there until the deflation number came in. But if we get some more bad numbers the new guy might be pressured. Problem is that if we drop rates too fast here relative to the rest of the world then our currency will end up in the toilet and the RBA knows it. We want it lower but we don't want to trash it. So once again, it's more about what happens in the rest of the world that matters more. I do think USD silver is in a new bull trend, but its got to be a sustainable climb so the pace there will be a bit slower than we'd all like. If Trump becomes president we are going to see some wicked volatility and maybe he will trigger a crash before he even takes office. I actually think he's likely to get assassinated before he gets sworn in. But I'm not going to be the guy sitting on money in the bank while all this is going on. Stay alert, stay liquid and ride the tsunami! ^ That will be my motto for the rest of 2016. Surfs UP!
I'm thinking the RBA will hang off a rate drop during the election, and drop on July 5. You're right about Trump, the Americans have a rich tradition of assassinating their Presidents!
Let's hope for a bounce before it heads there! BTW: You can thank SpannerMonkey for the buuuubs on a bike, I saw it in one of his old threads. And his version was animated.
