Silver AUD 26 by 8 July.

Discussion in 'Markets & Economies' started by sammysilver, May 9, 2016.

  1. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    SammySilver - if it hits or exceeds $26 by 8/7 send me a PM and I will send you a Montecristo (postage at my cost) on behalf of all those who don't have the sack to make a public prediction (myself included) and who are not only happy with you being correct but have also been entertained to boot along the way.
     
  2. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    $25.96 is 99.8% correct.

    Sideways 100% wrong.
     
  3. aleks

    aleks Well-Known Member Silver Stacker

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  4. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    $26.05 Aud as I speak .
     
  5. leo25

    leo25 Well-Known Member Silver Stacker

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    Over $26 now. Can go to $27 next week after RBA with no issue.

    Sorry CJ but looks like you're the only person always wrong now :p
     
  6. Junk Silver

    Junk Silver Member Silver Stacker

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    But CJ shops are closed... can't sell physical... needs to stay there for 2 weeks... therefore doesn't count... ----------------Sideways---------------------!
     
  7. aleks

    aleks Well-Known Member Silver Stacker

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    [​IMG]

    [​IMG]

    Think we have all bases covered :p
     
  8. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Done & dusted. The fat lady has sung!
     
  9. Phransisku

    Phransisku Member

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    As of this moment, silver is at 17.74 euros (highest figure since May 2013).

    Can anybody explain it?
     
  10. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yes, currency variations aside, silver is trending up. Financial and political volatility is driving up investment demand alongside increasing industrial demand whilst supply and reserves are dwindling.
     
  11. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Just woke up this morning and noticed spot at $26.28

    Well done Sammysilver on this prediction !! :)
     
  12. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Wow!!! Now that's a smack up. Good prediction.
     
  13. Phransisku

    Phransisku Member

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    Something doesn't seem right...

    If finance is volatile, why would industry become more active (and demand more silver)? And this recent rise has already surpassed the Mario Draghi's QE initiative in January 2015 (at least in euro terms), with no major event happening (Brexit isn't as significant as QE). As for the decreasing reserves, that is very very slow. It takes years to get significance. This rise has months.

    There must be something else, and I'm not seeing it.
     
  14. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    sammy got one right finally

    ill update my signature accordingly
     
  15. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    not yet, ill concede that when we have >$27 for a sustained time period. (i.e. 2 weeks)
     
  16. whinfell

    whinfell Well-Known Member Silver Stacker

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    For the record :D

    [​IMG]
     
  17. whinfell

    whinfell Well-Known Member Silver Stacker

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    I'll just quote that in anticipation of future events ;)
     
  18. shinymetal

    shinymetal Well-Known Member

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    great call! putting it out there takes guts.

    the last prediction for 24 by may1 was very bloody close. and this one, right on the money.

    pressure is on.. where is it going next?

    :p
     
  19. Topherclaus

    Topherclaus Active Member

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    It has been suggested for a while that industry may start to worry about their supply as investor interest grows and current mining stock shrinking, so they may make some sizable purchases just to guarantee stocks for their products.

    Base metal production and therefore silver have taken a big dive, while investor demand is on track for its largest year ever. Sounds like a reasonable call for industry to make.

    Also it could be as simple as Brexit spooking investors and some bigger players parking funds in something looking a bit more stable.

    Just some thoughts...
     
  20. silverbait

    silverbait Active Member Silver Stacker

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    Mr Sanmy failed again
    Its not 8 July yet but silver is $26+
    So early so right
     

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