$13 silver might be possible
- Thread starter leon1998
- Start date
SmartyFarty
Member
last i heard from "gurus" was that $14USD could be possible this year (worst case scenario).
Not to matter if you are a investor, if it goes down, you buy more at a cheaper price.
if it goes up, your holdings appreciates in value
Not to matter if you are a investor, if it goes down, you buy more at a cheaper price.
if it goes up, your holdings appreciates in value
Pirocco
Well-Known Member
A next week, a next update.Pirocco said:
Almost same price, tad lower, the futures market position dropped more than the price drop explains, indicating more buying / less selling on the cash market.
16/06/2015 28855 $16.03 > $14.68
Solely based on this, $13 is again less likely in the near future.
gold has already dropped to under 1200, and I think it will drop even further. As long as the dollar stays strong gold should not go up. You never really know though.
the thing is Gold is down, so if you buy now and it falls, just hold on. The dollar's strength will not last forever, anything could bring it down, and if your purchase of gold goes from 1200 to 700.00 it will surly go to new heights, when the dollar does drop. You could wait if you think gold will drop to $700/oz, but if you miss it or it does't reach that lower price, you could miss out entirely.
the thing is Gold is down, so if you buy now and it falls, just hold on. The dollar's strength will not last forever, anything could bring it down, and if your purchase of gold goes from 1200 to 700.00 it will surly go to new heights, when the dollar does drop. You could wait if you think gold will drop to $700/oz, but if you miss it or it does't reach that lower price, you could miss out entirely.
sterling-nz
Well-Known Member
Not quite sure what you mean by "miss out entirely"bloggie said:
Are you saying there would be no gold for sale ?
Or did you mean we would just have to buy at higher prices?
-j-p-shmorgan
New Member
sterling-nz said:
When spot price is the cheapest - premiums are the highest.
Go ahead and "wait" all you want. 2014-2015 will be the years for stacking.
-j-p-shmorgan said:
Dunno who you buy from but unallocated can be purchased at prices pegged to spot ie. Spot + $30 per oz of gold or a kilo of silver.
Also most reputable dealers retail their coins and bars at spot plus a fixed dollar amount. If spot drops then the premium as a percentage of the retail price rises and the opposite happens if spot goes up.
The BOTTOM forecast: Gold US$900, Silver US$13
Gold target of US$900 is a measured move since it broke below a descending price channel. The thickness of the channel is about 200 US$, and the breaking point was about 1100 US$. If assuming a GSR of 69, this means Silver US$13. Since the technical analysis was conducted in a weekly chart, the time line to reach mentioned target is projected to be several months (no more than half a year).
In summary, the best time to stack turn out to be Thanksgiving Day, again. tongue
Gold target of US$900 is a measured move since it broke below a descending price channel. The thickness of the channel is about 200 US$, and the breaking point was about 1100 US$. If assuming a GSR of 69, this means Silver US$13. Since the technical analysis was conducted in a weekly chart, the time line to reach mentioned target is projected to be several months (no more than half a year).
In summary, the best time to stack turn out to be Thanksgiving Day, again. tongue
-j-p-shmorgan
New Member
leon1998 said:
I'll predict the lows to be slightly higher.
Gold $950
Silver $13.50
-j-p-shmorgan
New Member
leon1998 said:
Let the record show, 4 days ago Leon said a "counter-trend is brewing"
:lol: :lol: :lol:
For silver stackers, it is probably a good time to start when spot falls below US$14. It is very possible that when spot goes to US$13, the premium might be sky-high already. So between 13 and 14, if you can find a good deal, then load up your wheelbarrows.
For gold buyers, it is still too early to buy. Have some patience. tongue
For gold buyers, it is still too early to buy. Have some patience. tongue
-j-p-shmorgan
New Member
leon1998 said:
No problem at all man, just very entertaining. :lol:
-j-p-shmorgan
New Member
leon1998 said:I told everybody here not to stack until the second half of year. How many people followed my advice?
I'm holding off too. Prices are fantastic right now.....but that doesn't mean you should buy some!
Prices are going to become even MORE of a bargain.
barsenault
Well-Known Member
-j-p-shmorgan said:leon1998 said:I told everybody here not to stack until the second half of year. How many people followed my advice?
I'm holding off too. Prices are fantastic right now.....but that doesn't mean you should buy some!
Prices are going to become even MORE of a bargain.
prices may become more of a bargain, whereas premiums may not be. lol. load up the family farm.
leon1998 said:
Now I must say that I am new to this. However I did some chart ciphering on my own back in March and I came up with similar bottoms (in USD). Its a bit exciting for me to see the spot price move that way. For me the timing was 4th quarter 2015, but it appears to be getting there rather quickly. $12.70-$13.50 and $860-$920 are where I see the bottom. The pattern seems very logarithmic, hoping it holds true.
Pirocco
Well-Known Member
Pirocco said:
It's now 22/08/2015. 2 months later. So far we indeed didn't see $13.
The lowest (in a weekly reported day snapshot!) position was here:
21/07/2015 11167 $14.75
Producer/Merchant/Processor/User Long 20383 Short 35512 Net: -15129
SwapDealer Long 46724 Short 42762 Net: 3962
ManagedMoney Long 40552 Short 55303 Net: -14751
OtherReportables Long 26024 Short 7028 Net: 18996
SmallTraders Long 23438 Short 16516 Net: 6922
The latest snapshot reported yesterday:
18/08/2015 25437 $15.23
Producer/Merchant/Processor/User Long 22953 Short 44739
SwapDealer Long 35662 Short 39313
ManagedMoney Long 43252 Short 41007
OtherReportables Long 18219 Short 4527
SmallTraders Long 26197 Short 16697
Assuming again a bottom position of 10000, and a 70 Moz supply/demand change per price dollar, the next bottom price is projected as $13.41.
Added older similar/close bottom price projections:
18/08/2015 25437 $15.23 > $13.41
02/06/2015 57569 $16.70 > $13.30
19/05/2015 62485 $17.40 > $13.71
14/04/2015 41980 $16.08 > $13.8
31/03/2015 49861 $16.60 > $13.75
10/02/2015 53457 $16.80 > $13.7
Conclusion: there is a $13.6 mean is now holding 6 months.
Regarding the silver stocks out there (IShares, Comex Depositories, Sprott, ETF Securities) not much to see there.
They all continued sitting on their pile.
Regarding my case, still didn't see a reoccurrence of a maple leaf costing 15
At the moment, it's 16.03
1 new element, the closest dealer here (and sells without tax) now also offers on his site buy back, pays now 15.53
Requires an email before "ordering" a sale along the website.
Relative to others, that's a pretty good price. Another one offers 14.4 - that's ALOT less.
.