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I agree. Silver's value is extrinsic, not intrinsic. eg (random but indicative) http://plato.stanford.edu/entries/value-intrinsic-extrinsic/ Also: $5/oz silver is cheap but $20/oz isn't. Good luck with the gambling.

Permabears have never wanted to buy -- they're unknown here. Permabulls have never wanted to sell -- they're common here. Currently I'm an impermabear. Three years ago I was an impermabull.

Source: http://imgs.xkcd.com/comics/duty_calls.png

hi bamaguy, don't worry about yippe, he's an angry permabull bleeding money - there are lots here. btw, i also like broccoli.

Of course it could. Only a psycho would think below $15 is impossible. Will it fall below $15? That's a different question. I think it will, and therefore haven't yet bought back in, but nobody on the planet knows 100% for certain (even if you have a mountain of silver to dump, you can't...

I agree there could yet be a big move up but I'm not currently holding any PMs because: 1. The price collapsed in GFC 1. The Dow is still close to record highs. 2. Demand at dealers is high. Margins should be lower and buyers scarce when a significant bottom is in. But time will tell. Good luck.

I follow nothing but my nose, however before posting that comment I quickly googled Maund and saw this http://forums.silverstackers.com/message-441002.html Late last year, gold was $1700+ and silver was $30+ when he predicted a big move up in both.

Broken clocks are right twice a day but I'd be more impressed by commentators if they ever STFU after being wrong. If people not buying PMs now aren't wearing tyre tracks by September I hope this guy posts an article that starts, "Sorry. I'm full of shit."

I was also waiting for AUD 0.70 to sell (eg see http://forums.silverstackers.com/topic-9586-crystal-ball-stuff-what-does-the-future-hold.html ) but changed my mind and instead took profits while I could. That said, the AUD could yet plummet faster than gold so your bet might work Peter - good luck.

Shouldn't this be in the global warming thread?

Bump. I guess we're now 1.5 years closer to a hot knife and butter?

This thread coincided with gold's $1900 peak a couple of years ago. I think most of us could learn from it (I also missed the top and sold lower).

I don't see evidence that the 2 year old silver bear market is over. I agree silver might now quickly bounce back to say $25, but then it will most likely take another hit. The tarot cards read death. Look at what just happened when the dow dropped a measly couple of hundred points. What...

The only person who thanked me for that post 19 months ago was the originator of this thread, bsylvest. I hope he got out - anyone know? We're $10/oz lower now and my thoughts haven't changed... sorry... I've owned no silver for a year but do plan to cautiously start buying at $700/kg...

Awesome, we have an answer!

Thanks for the graph theiain1, it's actually useful. I posted something similar for Dow vs GLD on another thread. It seems clear that stocks and PMs always move in the same direction except when they don't. We're all convinced the stock market has another plummet in it, so the big question...

If only it were that simple. That theory occasionally looks plausible (eg late 2011) but this graph does not suggest consistent opposing movement of PMs and stocks. Source: I still think stocks must eventually fall and more likely than not PMs will also for a time. I've taken my profits and...

Proponents of self-interest like Rand and Paul act self-interestedly. Why would this be news?

I figured this was cult BS but was curious to check the extent. The silver price in 1960 was 90 cents/oz according to http://www.silverinstitute.org/site/silver-price/silver-price-history/1960-1965/ And according to...