This time its different. Silver to $40+

It's Tuesday. If you are new to this thread every Tuesday I have posted the silver price in USD as it was around 9am with the running totals from the week before. The prediction was that this time the price rise is different and the trend will continue, my reasons are given in the first post. We have been going for 6 weeks now and the trend is definitely accelerating.

June 23 approx 11am $17.86
June 30 approx 9am $17.86
July 7 approx 9am $18.30
July 14 approx 9am $19.11
July 21 approx 9am $19.91
July 28approx 9am $25.36
 
Can't miss Tuesday! First decline in six weeks but silver is still looking pretty strong for another run up if it can hold above $23

June 23 approx 11am $17.86
June 30 approx 9am $17.86
July 7 approx 9am $18.30
July 14 approx 9am $19.11
July 21 approx 9am $19.91
July 28approx 9am $25.36
Aug 4 approx 9am $24.23
 
OneDay said:
Hyper inflation in Australia seems on the way.
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Great, those that are well stacked will have nothing to fear from inflation hyper or otherwise.

And for those of us living in Melbourne, it will be a change from just the the Hyper B S that we are experiencing at the present time.
 
Jason1 said:
how did you come to that thinking?
considering we are actually experiencing deflation right now.
CPI went down 1.9% this year.
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I had this feeling we're still in deflation. This video confirms it. But if inflation really comes, silver will go parabolic.

 
Jason1 said:
how did you come to that thinking?
considering we are actually experiencing deflation right now.
CPI went down 1.9% this year.
Click to expand...

At the moment the Central Bank and Government is fighting againest this natural deflation by printing money.

Deflation before hyper inflation. There's a time lag from spending to inflation. How long I don't know.

What will happen to housing? Will that deflate or hyper inflate? Not sure. It depends where money moves and how.

Already noticing super market prices jumping steadily. Half priced specials followed by a price hike.
 
You guys are really going to have to convince me. I think Silver will be on the way back down and Gold will follow. I think the gold:silver ratio is out of whack, but that is because Gold is overpriced and Silver is about the right price. I am a pretty big crackpot conspiracy theorist as well. Did Martin Bryant commit the Port Arthur massacre or was he set up?

Rubbish about Port Arthur aside, I am definetly the type of bloke to take a theory hook, line and sinker, but a too the moon boom on precious metals is a bit too much for me to be convinced on.

P.s. Bush did 9/11
 
SouthCoastSilver said:
You guys are really going to have to convince me. I think Silver will be on the way back down and Gold will follow. I think the gold:silver ratio is out of whack, but that is because Gold is overpriced and Silver is about the right price. I am a pretty big crackpot conspiracy theorist as well. Did Martin Bryant commit the Port Arthur massacre or was he set up?

Rubbish about Port Arthur aside, I am definetly the type of bloke to take a theory hook, line and sinker, but a too the moon boom on precious metals is a bit too much for me to be convinced on.

P.s. Bush did 9/11
Click to expand...

Cheney might be upset you're not giving him enough credit.
 
SouthCoastSilver said:
I think Silver will be on the way back down and Gold will follow.
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Fed last night promises/threatens to do whatever is needed to push up inflation up.
The greatest inflation hedge/ hedge against money printing, does what it naturally does.
Gold goes to $2019.50 Silver to $26.03
This is an accelerating trend with good fundamentals behind it.
 
End of day doesn’t matter. I Just get on with program , silver out performing at moment = 40% correction in silver:gold ratio and doubled in price with high premium . Fact
 
Out of curiosity, what price targets for Gold and Silver is the too the moon, end of fiat currency as we know it tier? As opposed to somewhat normal (albeit quite drastic) price changes that happen with commodities from time to time

Curious to hear people's opinion on this, I will eat my humble pie and admit I was wrong I'm my opinion that silver would go back down
 
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