Spot will be up Monday, AUD down Tuesday. For a short while silver will be at $23.50. After the AUD settles, silver will continue rising. $24 by the following week. Buy silver today, tomorrow and Monday! 7.5% return in under a fortnight!
I wouldnt do it if i were you. Even you are right whaat gaining you will get? When they tar I mean . Bad. Good luck. Already pre-forcast.
Spot price will not rise by any significant amount and will continue to hover around the US$20 mark being the resistance level but the Aussie $ will continue to depreciate against the US simply because of the budget blow out and at a $33b deficit which will continue to deepen with this Rudd government
Yes, while $AUS is going down against the $US, I would expect the $AUS price to rise. In $US terms, it hasn't moved much.
Sorry Sammy, time will tell if your "crystal ball" prediction comes true, seems like a big lot of uneducated wank to me. Silver to da moon yadiyadiyada.... Good for moral of the troops I guess. I'm more into fixed odds, $375 even money with you if you want to put money where your mouth is?
Guess that pattern of lower lows since July 22, doesn't mean anything. I am looking for a similar mid month pm take down like we have experienced every other even month this year. Feb, April, June. I believe someone posted that those are also Comex delivery months. As Jim Rogers says, the pm bulls have not been cleaned out and they must be for the bull market to continue.
Hmmm, something seems to be going on with Silver. The kitco graph at the top of the page shows the 30-day Gold-Silver Ratio heading south after a month trending up. Silver might be going for a run. Now that the Aussie sank through 90c it may go a bit lower yet. When 'commodities are king' again the Aussie will come back to parity. It's only a matter of time.
I went to my LCS this morning and picked up 19 x 50 cent pieces at $8.40 each. This translates as $25.20 per ounce, ignoring a slight difference of +2.5% of extra silver. I did pick up 55 coins last week for $8.25 each. However using the $8.40 as a benchmark, I'll pick sum up this Wednesday, a day after the RBA, and some next week to track the increase or otherwise. For the uninitiated, this is an exercise on the dropping AUD, not silver to dah moon.
Hmmm, by the looks of the chart so far there may be some who need to put away the tar & feathers and touch their toes. Early days yet but the prediction looks pretty good.
