Are the sales over? We had a 2 week 30% off sale 75Billion QE2 announced in GB, thats gotta have an effect on PM prices
It's still alot better than where it's going! Anyone else take note that gold is falling yet silver is gaining ground? I haven't been watching spot for long though it seems it isn't following gold as much as was.
wow it's on the move, hope everyone has got their plan in place for catching the elevator on the way up
Gold isn't falling at the moment, its gaining. Just not as fast as silver. This is normal eh? When gold rises, silver rises faster. When gold falls, silver falls faster. I expect once the correction in gold is complete and the rally resumes, the GSR will fall down toward the 30's again. One blogger I follow still thinks the GSR will make it to 57, and it still might looking at the historical GSR pattern. But it could just as easily fall now. It all depends on what the paper-silver folks do. We all know physical supply is very tight now, so any lingering in prices is all thanks to the paper guys.
I've read a couple articles that say a close at 33.50 USD or higher will signify a march towards 40. I'm going to hold off buying till it hits that mark or goes back into the 20s. I bought on the way down at 33, 31 and twice under 30, so if I have to buy 33.50 instead of now, I feel like I'm doin ok.
I reckon there is far more to play out, still got my fiat high and dry, stacking small amounts on the dips but will plunge on solid support. The S hasn't hit the F yet IMHO My reckoning is that: Continued market manipulation is intended to drop out leveraged speculators in commodities and scare off investors Current US domestic discontent will grow bigger which could affect the DOW which affects...... Germany's tax payers will say enough and Greece will default if: Euro Banks are guaranteed a bailout US fiat will be seen as a no option safe haven against the financial carnage in the short term, then gold going forward With the flooding of fiat, inflation will cripple debt ridden countries Holding tangible assets like gold and silver (not ETF's) will be a great bonus to hedge against the rampant inflation we as consumers will experience. Not: A guru An economist Happy (holding fiat ATM) Just: A bloke
To da moon? I love the optimism here everytime silver goes up a smidgen! Some are still waiting for the mid twenties! - I noticed gold and silver taking different directions - not sure what the hell is going on there but does anyone anymore? Despite that big crash in price which I am quite positive went a lot lower than necessary due to the margin calls, silver appears quite solid and I believe is firmly on its way back to 40 unless there is another bank or Greek crisis announcement soon driving investors into the US dollar. (please dont take this as anything more than a less than educated guess though!) Once near 40 again expect another round of margin calls knocking it down again! :/
33.50 is the number people who already have enough silver are looking for. Close above that and it's back to 40 we go. Personally, I'm fine with sideways and downward movement. I bought silver because of where I saw the price going in 5, 10, 20 years, not because I saw or hoped for a $60 2011 close.
