Price going to drop 30%, according to Yahoo finance

Ha ha, a Swiss bank telling us to sell gold! Let's wait 'til the end of the month and see how the vote goes.
 
I tend to agree with the video. I'm liking gold at the $1000 level for now. The best gold can hope for out of a Swiss Yes vote is a short term pop rally as small speculators jump into the market
 
As short time frame, yes/maybe/possible.....

the thing is... those guys are buy and selling paper..... I have forgotten PAPER PRICES since 2012 when the price of PAPER and PHYSICAL have decoupled....

If gold paper prices goes to 950-1000, I will buy more physical full stop.....


Note: Just be aware of CNBC, YAHOO, media in general on what they want you to watch and think...... the media are simple "PRESS TITUTES" to corporations and politicians....


cheers :)
 
sammysilver said:
Ha ha, a Swiss bank telling us to sell gold! Let's wait 'til the end of the month and see how the vote goes.
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Even if it's a yes vote, it will take ages before the law is actually implemented and the government starts buying silver. Maybe 1-2-3-4 years. If the government likes it, it will take 1 year, if the government doesn't like it, it might take 10 years! ;)
 
alor said:
the price re-set can happen any moment from now on :lol:
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Is that like pressing Ctrl+Alt+Del to reboot the market? Do prices get reset back to their starting positions of zero?
 
People well placed in the Mining industry are predicting $50 iron ore.

Thats around a 30% drop, why not silver?
 
This is great news if you can read between the lines. Whatever the big banks and hedge funds are plugging just think the opposite. Do you really think they got big from giving free correct advice to the masses via Yahoo finance?
 
SilverDJ said:
Lets assume it does, will silver follow it?
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Silver will indeed follow and its fall will be greater I'm convinced...100 GSR won't look impossible within the next few months perhaps.


There will have to be blood in the streets (some miners going under and investors having lost a lot of money in gold and silver as two examples) before we see any permanent trends toward the upside.

This type of cycle is nothing new....it's been played out time and time again.




.
 
SliderC said:
People well placed in the Mining industry are predicting $50 iron ore.

Thats around a 30% drop, why not silver?
Click to expand...

Silver already fell 70%. What more do you want?


Remember: Bulls make $, bears make $ -- and hogs get slaughtered. :)
 
sammysilver said:
Ha ha, a Swiss bank telling us to sell gold! Let's wait 'til the end of the month and see how the vote goes.
Click to expand...
The vote is pointless. Do you think that the Swiss government and the bank are any less corrupt than the very institutions that fix markets? The outcome has already been decided regardless of any votes. The financial world has become nothing more than a playground for the stinking rotten filthy rich!
 
SilverPete said:
alor said:
the price re-set can happen any moment from now on :lol:
Click to expand...
Is that like pressing Ctrl+Alt+Del to reboot the market? Do prices get reset back to their starting positions of zero?
Click to expand...
No it's like when alot that dumped to buy back in lower, do so. It's like pressing Buy+Buy+Buy. Prices get reset to some midway between those that the last suckers sold at, and the last suckers bought at.
 
rodmadman said:
sammysilver said:
Ha ha, a Swiss bank telling us to sell gold! Let's wait 'til the end of the month and see how the vote goes.
Click to expand...
The vote is pointless. Do you think that the Swiss government and the bank are any less corrupt than the very institutions that fix markets? The outcome has already been decided regardless of any votes. The financial world has become nothing more than a playground for the stinking rotten filthy rich!
Click to expand...
The Swiss government can be wiped by just some people demanding a day to give an order.
Most of the rest of the world doesnt work that way, because governments tend to not like it, yet still like to claim that they are democratic.
 
Gatito Bandito said:
SliderC said:
People well placed in the Mining industry are predicting $50 iron ore.

Thats around a 30% drop, why not silver?
Click to expand...

Silver already fell 70%. What more do you want?


Remember: Bulls make $, bears make $ -- and hogs get slaughtered. :)
Click to expand...
Fell 70%?? Silver soared 300% over the last 12 years! There is no way these high prices can be maintained. Me says: expect a 50% drop!
 
Cheepo said:
Fell 70%?? Silver soared 300% over the last 12 years! There is no way these high prices can be maintained. Me says: expect a 50% drop!
Click to expand...

house prices went up 500+% in 20 years - what's going to happen to them ?
 
Cheepo said:
Fell 70%?? Silver soared 300% over the last 12 years!
Click to expand...

Might want to check your math. Looks more like 200% (triple).


Anyway, shall we continue to cherry-pick data to make our points?

Want to go back to, say, 30 years? 35? :)
 
trew said:
Cheepo said:
Fell 70%?? Silver soared 300% over the last 12 years! There is no way these high prices can be maintained. Me says: expect a 50% drop!
Click to expand...

house prices went up 500+% in 20 years - what's going to happen to them ?
Click to expand...
500% in 20 years is about right. It reflects the growth of the economy. As people need a place to put their money, they buy a house (people do need a place to live).

But silver? Who needs silver? You are not saying that there is a reason for the price of silver to increase more than the price of housing? Land is limited and there will never be more. Silver is continuously extracted from the ground. There is now much more silver around than 20 years ago.
 
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