I'm not convinced silver will get smashed down to the $20's, though of course it's a reasonable assumption. It had an outstanding off season and is now entering its bullish time of year. Yes, silver got massacred to under $10 in 2008, that doesn't mean that its a shoe-in to happen this time around when the markets crash again. Many people will be buying more if silver drops and that's good! ...On another note, I turned on Squawk Box on CNBC this morning and when the lady got around to addressing golds recent dip she said "Well, gold has just proven that it is not a safe haven". They spit this garbage out hour after hour constantly.. Never mind the fact gold has thrashed every major currency for the last 11 years in a row. These network goons should be put on trial for knowingly vomiting out to the public evil propaganda.
It's like this afternoon on abc radio. News reader is reading out all the losses on the stock market indexs 1.5%, 3.6%, 5.3% etc. Then reads out shockingly that gold has fallen by $15 today. Not even 1%!! Clearly holding well against the market but the media dribbling rubbish
+1 These media monkeys just report what their controllers tell them. Even silver right now is only back to where it was a few short months ago; none of these monkeys report on the bigger picture.
I note Apmex still have the dragons for $100 They'll keep trying for a few more days http://www.apmex.com/Product/62665/2012_1_oz_Silver_Australian_Year_of_the_Dragon_Coin.aspx
Personally if i sold a lot of 20 and 10 oz bars of Silver to SS members at higher prices,i would not be rubbing their noses in it when the price drops. IMHOO REDBACK
Still some support around the $33 mark. A close above this may see a rebound, if not for the short term. Just my 1/2oz worth
I made my last purchase at a spot price of $31.09 and the coins cost me $34.09 each so I am happier than a pig in .... I'm hold cash and I'm ready to buy with the swing of the market because I believe this is it for us now, low prices are here for us to buy because from here on in she's going up at a steady rate but up she will go.
I think (put money on it) the will rise will happen "next week" With the Amazing Financial G20 / IMF /World Bank announcement due. That, they "once again" are saving the world for financial turmoil. With Obama or Hillary to deliver the key speech driving US Employment Growth, Housing and reduced long and mid term US Debt for all,, Saving Europe and the greater world from financial melt down,, yeah.. imo Phillip
this is stupid, silver was never a good investment, i wish i never got into pms, i unloaded ALL my savings in the mid $40s and look where its got me now, im strapped for cash, as soon as i can break even im dumping all my silver and i suggest everyone else should do the same
When your under fire you need to hold fast and stay the coarse. Keep a steady head and think it through. If Silver had of risen to $45 you would be patting yourself on the back now and smiling in the Mirror. Price drop is just a matter of perception,you have not lost anything~Try holding onto shares. See what Christmas brings,its not far away. REDBACK
