TreasureHunter
Well-Known Member
Silver's weakening, it might dip below 21 $... :/
I think we could see 18 $ later this year already
I think we could see 18 $ later this year already
Almost sub-21 $ silver!
- Thread starter TreasureHunter
- Start date
The same forces pushing USD spot down are also pushing AUD down thus minimising the drop in AUD spot.
You have to ask yourself, do you bail, hold steady, or keep buying? We've been in a trough since Easter (30 pieces of silver traded) and 6 weeks from Christmas (gold given for nix). I'm an unashamed buyer of silver and have gone all in with the expectation of a rise by Christmas and a further rise by Easter. If I'm wrong, I'm silver rich, if I'm right, I'm silver rich.
You have to ask yourself, do you bail, hold steady, or keep buying? We've been in a trough since Easter (30 pieces of silver traded) and 6 weeks from Christmas (gold given for nix). I'm an unashamed buyer of silver and have gone all in with the expectation of a rise by Christmas and a further rise by Easter. If I'm wrong, I'm silver rich, if I'm right, I'm silver rich.
TreasureHunter
Well-Known Member
sammysilver: it's the worst possible time to sell any asset, when the bears are roaring
If you want to sell, you'll probably have to wait until next year, but maybe even until 2015 or later to get a reasonable price - unless something very bad happens in the EU-USA and people start buying more.
I guess it's the paper that moves the market more and the physical has rather weak influence. It's a speculative market.
If you want to sell, you'll probably have to wait until next year, but maybe even until 2015 or later to get a reasonable price - unless something very bad happens in the EU-USA and people start buying more.
I guess it's the paper that moves the market more and the physical has rather weak influence. It's a speculative market.
I've got a two and a half year window before I need to sell so i'll just keep stacking in the meantime. Only exception is that should it rise by Easter, I would sell some before an expected drop and buy again on the dip.
Sammy, 2 and 1/2 year window....you will be sweet.
Silver Rich sounds good buddy.
Keep stacking I am.
$17.49 or lower maybe but these clowns can't keep the price down forever.
Silver Rich sounds good buddy.
Keep stacking I am.
$17.49 or lower maybe but these clowns can't keep the price down forever.
TreasureHunter
Well-Known Member
I'm still researching where silver's "rock bottom" could end. If they do taper, then that would cause deflation (according to Rickards), and we could see even cheaper PM's...
Higher interest rates would make the USD more attractive and the PM's less...
It's weird how almost every PM is so dollar-dependent, doesn't seem to be much influenced by China, Japan, India, BRICS... It's as if everyone's looking at what's happening in America and then that influences gold's and silver's price.
Higher interest rates would make the USD more attractive and the PM's less...
It's weird how almost every PM is so dollar-dependent, doesn't seem to be much influenced by China, Japan, India, BRICS... It's as if everyone's looking at what's happening in America and then that influences gold's and silver's price.
so you have gone from this:
To this:
This is looking less and less likely going to happen so from it will go to $30 then $36 at Easter to " it will rise "
it will go sideways i.e. no move above mid 20's for the next 2.5 years ( initially it was 3 years but I ahve been saying this for 6 months now )
sammysilver said:
To this:
sammysilver said:
This is looking less and less likely going to happen so from it will go to $30 then $36 at Easter to " it will rise "
it will go sideways i.e. no move above mid 20's for the next 2.5 years ( initially it was 3 years but I ahve been saying this for 6 months now )
TreasureHunter said:
I am guessing 2016 approx 3 years
TreasureHunter
Well-Known Member
Court Jester said:
Yes, I think even if silver reaches 30 $ in 2014, if will be a huge gift. It might as well "levitate" in 2013, 2014, maybe even in 2015!
Hey, it's a long term investment.
TreasureHunter said:
yes and unfortunately it does not provide an ongoing return like RE or shares or cash in the bank
TreasureHunter
Well-Known Member
TheEnd said:
Stop bashing silver! The poor metal has nothing to do with the tricksters on the market!
There is a slight chance for tapering, but prolly Yellen will rapidly get back to increasing the QE.
I think they might pull the tapering trick only for a short while. I was expecting Bernanke to taper only to let Yellen later compensate for it with bigger QE.
The reason I'm saying they might taper is to prove people that "QE is good" and that it's vital for the US economy and, some tapering might eventually strengthen the dollar if the euro is weakening more and the Japanese yen and pound are eased at a higher rate. Tapering for a while would create the illusion of a stronger US currency. Stronger dollar, probably would deflate more...
I'll post a new James Rickards video soon about the subject.
Village Idiot, finis, I was having a conversation with TreasureHunter; I haven't changed my position, I just don't rabbit on. I do not live or die by the price of silver, I stack because I choose to. I have a strong inkling as to where the market is heading, it may come slowly, or in a rush; I may be right, I may be wrong, either way, I am living a full life in the meantime.
Why don't you guys move on from Silver Stackers and join Anx Stackers, or the like?
Why don't you guys move on from Silver Stackers and join Anx Stackers, or the like?
If silver goes into the teens I will start stacking silver even faster. The US economy is not on stable footing at all. Anything can happen over the next decade.
We almost saw the US credit rating go down the toilet just a couple weeks ago. The nut jobs who caused that mess are still in our House or Reps.
Silver is a fun hedge/hobby as far as I am concerned. It's better to have it and not need it. My kids and wife can fight over my pile when I die.
We almost saw the US credit rating go down the toilet just a couple weeks ago. The nut jobs who caused that mess are still in our House or Reps.
Silver is a fun hedge/hobby as far as I am concerned. It's better to have it and not need it. My kids and wife can fight over my pile when I die.
Murmandamus
New Member
Was just looking at the silver price % annual change (against USD), as displayed on the goldprice.org site, linked to from these forums. So far, in 2013, silver has dropped -32.4%. Since 2004, there have only been 2 other annual price % changes in the negative, -23% in 2008 (due to GFC) and -10.2% in 2011. On average, it has increased by 17.2% per year since 2004. In 2009 and 2010, obviously, silver increased in value a huge amount.
So, question is, why is silver down so much this year, in spite of soaring demand? (Without getting on board the JPM & Co manipulation train).
Stumbled upon this couple of paragraphs, which I thought to be quite accurate, given the annual changes in silver price.
Interesting.
So, question is, why is silver down so much this year, in spite of soaring demand? (Without getting on board the JPM & Co manipulation train).
Stumbled upon this couple of paragraphs, which I thought to be quite accurate, given the annual changes in silver price.
Interesting.
capt.sparrow
New Member
TreasureHunter said:
If i was Chinese I'd be feeling incredibly superior compared to any westerner... :lol:
In fact I'm beginning to be a firm fan of the Chinese. Brilliant nation who deserve to dominate the world or at least they deserve to dominate the western world! :lol:
and they will... The west is making it really cheap/easy for them to buy up all the gold and silver on the planet :lol: