I reckon that if there is no Friday smackdown by US close of play, then silver will hit $25 sometime Tuesday our time.
Tuesday, silver AUD25.
- Thread starter sammysilver
- Start date
This Tuesday. 4 days time.
I think we're at the end of sub $24 silver. In a perverse turnaround, the USA & China economies are picking up because of higher debt ceiling, QE, and low interest. Silver industrial strength on top of the smart money sticking to PMs will drive silver to over $30 by Christmas with the GSR dropping to sub 50.
I've overextended myself at sub $24 but will keep buying up to $30 then sell half my stack at Easter at $36 and buy up on the next dip if there is one.
The Easter smackdown and the February fiscal cliff may be counter influences with maybe no dip but a pause followed by more climbing? Too far ahead to be sure, to be sure, with maybe all the fundamentals kicking in and silver going over $40? May only need to sell a third of the stack.
I think we're at the end of sub $24 silver. In a perverse turnaround, the USA & China economies are picking up because of higher debt ceiling, QE, and low interest. Silver industrial strength on top of the smart money sticking to PMs will drive silver to over $30 by Christmas with the GSR dropping to sub 50.
I've overextended myself at sub $24 but will keep buying up to $30 then sell half my stack at Easter at $36 and buy up on the next dip if there is one.
The Easter smackdown and the February fiscal cliff may be counter influences with maybe no dip but a pause followed by more climbing? Too far ahead to be sure, to be sure, with maybe all the fundamentals kicking in and silver going over $40? May only need to sell a third of the stack.
Doesn't matter, profit is the percentage difference between buying and selling. The only other factor is expenses but I always buy F2F so no shipping or insurance.
It depends on how much you value your time as well.
It depends on how much you value your time as well.
shinymetal
Well-Known Member
1 Ounce is all that is needed to profit, but you make a bigger profit with hundreds.of ounces 
most ppl here aim for 1000 oz..
most ppl here aim for 1000 oz..Well I will say that the 3 day effect on the u.s. dollar and gold from the jobs report the other day ends tonight, so no more bad news from the u.s. for a few weeks...... so we aren't going anywhere unless some news comes from somewhere else in the world which drives the dollar up again which will silver back down again by the end of next week.
Just my feeling of course.....it's a bit like forecasting the weather really.
Just my feeling of course.....it's a bit like forecasting the weather really.
sammysilver said:
bahahahahahahhahahahahahahahhaahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Altima said:
pffft he also said $30 silver by the end of the year
<> not going to happen <>
sammysilver said:
I am putting this in my signature as it is not going to happen
Village Idiot, your new signature is the only sensible thing you have ever done.
shinymetal
Well-Known Member
I was thinking just the same thing.. why you care so much??? Do you hold anything cj?? If so, why?? If silver is sideways for a few more years??