Why would the price go back up? Governments buy now 600 tonnes gold annually. If they would just cease buying then a 600 tonnes demand vanishes. Who is gonna take their empty place in the buying crowd? Who is gonna buy 600 tonnes every year? If no replacing occurs, what will happen to the gold price? And governments then even didn't even switch back to selling, yet. Not that I want to disencourage you from buying gold in order to evade the governmental theft. But there are better times to buy, notably AFTER they switched back to 600 tonnes per year selling mode.
Drop to continue... Pays to be the contrarian. Even Marketwatch were talking up gold at the recent peak.
Says who? You? It's had a big run the last few months a pull back was inevitable. I think the phony jobs numbers from the US last week have exaggerated the decline. We have record low interest rates across the world, yet the stock markets are at an all time high. There is something seriously wrong with the economy when it can't even handle a .25 interest rate rise after a decade of record lows. Gold and silver may continue to drop short term but I still think we will see positive price action in the year ahead.
Contrarian? You? Lol. What's the difference between Marketwatch and you? This year the price was driven from $14 to $21. You raised your red flag at $21. That's as late as a medic at a funeral. Just saying!
Pirocco, As per usual, I can't decipher what you are trying to say. Nobody can understand you at the best of times. Shorting at US$21 Silver was a smart move. Twist it whatever way you choose, but it was a good trade! LOL ...now, carry on with your jibber-jabber.
http://www.kitco.com/LFgif/ag2016D.gif $19.34 2016-07-21 00:12:22 http://forums.silverstackers.com/topic-75901-sorry-perma-bulls.html "In my opinion, the 'most likely' projection of where silver is heading.. ie much lower." $20.51 2016-08-01 02:32:31 http://forums.silverstackers.com/topic-76197-a-happy-up-thread.html "After years of down (or sideways according to CourtJester), silver finally starting to show some bullish tendencies." $20.59 2016-08-03 01:25:17 http://forums.silverstackers.com/message-941348.html#p941348 "I knew I couldn't keep the happy up thread going too long. With metals up today I've sold my PM shares for a tidy profit." $20.16 2016-08-04 11:17:50 http://forums.silverstackers.com/message-941803.html#p941803 "Little perk up with BOE expanding QE.." 3 weeks after aboves "much lower" and 2 blabla price direction prediction changes: $20.30 And then you find me hard to decipher. Lol, watch the mirror and see the weathercock that just turns with the wind, instead of predicting.
It was a dip from a top created by a futures market. Not sure if buying dips from tops deserves kudos. And on the real market, the real stockpiles, all the bars and colns sold the last 8 years, recordsales, are out there. A thousand squirrels amassed acorns but king winter didn't visit.
Back to A$26 Speaking in Australian dollars, that $26 price that silver made overnight looks significant if it can be exceeded on a monthly close? It's a level of support and resistance. Monthly closes for AUD Silver etf (etpmag) [imgz=http://forums.silverstackers.com/uploads/1893_big_20.gif][/imgz]
trump could save it but they wont let him in. so what is ww3 going to do to the price good things i guess. happy times then. the silver phoenix rises from the nuclear ashes, i wonder if silver gets radiation on it or if its like cockroaches. you would have to put your bars in storage for a half life of ages. so who do they have to pay this 21 trillion in debt to and what happens if they dont pay?
I don't think they can stop him, it is beyond that now. anonymous are planing on taking over the mainstream media on November 5th
How's it looking for the poor old perma-bulls? Not too bad yet! The monthly etpmag shows this aud silver proxy has pulled back sharply, but is still within a range that reasonably allows a 'correction within a bull trend' interpretation. A monthly close below say $20 would be a poor look. Thumb charts expand with tap or click. Physical AUD silver etf (monthly) [imgz=http://forums.silverstackers.com/uploads/1893_big_42.gif][/imgz] The weekly chart below shows reduced volume during the 'correction', and a hammer candlestick for this week Physical AUD silver etf (weekly) [imgz=http://forums.silverstackers.com/uploads/1893_big_43.gif][/imgz] These are admittedly showing weaker currency as a factor. So what of the usd etf called SLV? This also looks within reasonable bounds so far. SLV (usd silver etf, monthly) [imgz=http://forums.silverstackers.com/uploads/1893_big_41.gif][/imgz]
