Tuesday, silver AUD25.

tolly_67 said:
There will be no spark to fire up P.M's..........there has to be a change in attitude towards them and this will take more than one or two events....if we are relying on the same people that are currently positive on gold to push the market forward then we are dreaming......the fact is that there is very little energy left to propel the bull on its next leg.
It will all take time......we are probably under more pressure in the sense that a lot of those in gold now will capitulate causing even further falls.....for a market to rise, buyers must outnumber sellers.

It is easy to ignore Court Jesters .........sideways.......... rant but if you look at the near 50% slump in gold in the mid 70's, it took the same amount of time to go from the bottom of the drop back to the level at which it started from...........the longer this consolidation, the longer the recovery........but this is important because it builds the base of a massive blow-off.....just like the 70's.
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Very "Western Centric" reply. The change in sentiment is already here but not in your neighborhood. In the 70's there was no economic force in China and India and many other centres of economy. Today most Westerners are too poor or unable to invest significantly anyway. This is not a level playing field of equally weighted buyers and sellers. This is a paper Ponzi scheme of epic proportions. This will not be a gradual change in markets but a rapid shift from "all is good" to "what just happened". Everything will be just dandy until its not! just my take ;)
 
Tar N Feather kit for sale :lol:

th
 
The possibility of increasing QE this week : 10% ?

http://www.uncommonwisdomdaily.com/fed-watcher-more-qe-in-the-cards-signs-point-to-yes-17331

"The Federal Open Market Committee holds its regular policy meeting next week, Oct. 29-30. This will be the first FOMC meeting since Janet Yellen's nomination to be the next Fed chair. Analysts don't expect the Fed to take any action, but the policy statement may give us some hints.

In a note to institutional clients this week, Societe Generale bond strategist Mary-Beth Fisher said:

"In retrospect, the decision not to taper seems a prescient choice by the FOMC. Unfortunately, there has been no 'continuing improvement' since the last meeting. Moreover, the fiscal uncertainties became a near-fiscal disaster, one that will weaken the October data and lingers on the horizon for Q1 2014.

"The question now may very well be whether or not the FOMC will choose to increase asset purchases at the next meeting, or whether it will include language in the FOMC statement that indicates they are strongly considering the option."

[Source: Business Insider, 10/24/2013]

Fisher did NOT say she expects additional QE, at least not yet. She just says it is conceivable, with maybe a 10% chance.

The Fed will more likely add something to its statement like "We stand ready to adjust QE as necessary." This would leave all their options open and keep the markets guessing.

What is your guess? Will the Fed give us a Halloween trick or treat?
 
Sammy could end up being one day out... If so, he's getting better. Next prediction might be spot on :)
See what happens tonight...........
 
It's @ $24.25 AUD.

Slightly out by a day and bit short on price, but, not a bad call sammysilver!
 
salty lemon said:
It's @ $24.25 AUD.

Slightly out by a day and bit short on price, but, not a bad call sammysilver!
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Hm... if we're still going by US time, then my call was right, but still off by one day.
 
salty lemon said:
It's @ $24.25 AUD.

Slightly out by a day and bit short on price, but, not a bad call sammysilver!
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so wrong on both and its still not a bad call its a bit lik me giving you a good sure thing tip on the races but a different horse a day later of the same number in a different race wins then you congratulate me on my great tip

lol
he was not even close it is back down <$24 as I type this
 
Very true CJ - anyone that calls silver higher during a bear market will be congratulated. Even if their prediction is completely incorrect!

Welcome to pack investing - forum style.

"If we stick together we'll get this market higher; we can't all be wrong" lol
 
Court Jester said:
salty lemon said:
It's @ $24.25 AUD.

Slightly out by a day and bit short on price, but, not a bad call sammysilver!
Click to expand...

so wrong on both and its still not a bad call its a bit lik me giving you a good sure thing tip on the races but a different horse a day later of the same number in a different race wins then you congratulate me on my great tip

lol
he was not even close it is back down <$24 as I type this
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You said its not a bad call and I said the same. Its nothing like a sure thing tip on the races. Dunno how you came to that conclusion. lol
 
SilverSale said:
Very true CJ - anyone that calls silver higher during a bear market will be congratulated. Even if their prediction is completely incorrect!

Welcome to pack investing - forum style.

"If we stick together we'll get this market higher; we can't all be wrong" lol
Click to expand...

Pack investing, wtf do you mean?
 
I don't mind being wrong on my call, but I am happy that I called the trend. 50% of the population is below average and at SS we feel that the majority of us are in the top 50%. However, we don't act that way. We have a 10,000 strong brains trust and we spend our time making the others wrong. If we know so much, let's put it out there.

Where are the trends taking us? What do others think of spot, GSR etc. This was in my inbox this morning:

BREAKING NEWS Wednesday, October 30, 2013 2:15 PM EDT

Fed Maintains Pace of Stimulus; Economic Outlook Is Stable
The Federal Reserve, still uncertain that the American economy can grow unaided, announced Wednesday it will press ahead with its stimulus campaign of asset purchases and low interest rates.
The statement contained no surprises, and the stock market barely budged. The Fed was widely expected to continue adding $85 billion a month to its portfolio of Treasury securities and mortgage-backed securities, particularly in the aftermath of the disruptive partial shutdown of the federal government in the first half of October.
The Fed maintained a relatively optimistic economic outlook in the statement, released after a scheduled two-day meeting of its policy-making committee. It said the economy continued to expand "at a moderate pace" and that the availability of jobs continued to improve.
READ MORE
http://www.nytimes.com/2013/10/31/b...-sustainable-growth.html?emc=edit_na_20131030

"Economic Outlook is Stable" This tells me another hiatus is here as the sheeple take more QE and buy overpriced stock.

Maybe another week at sub $24? I'm still buying at every opportunity.
 
Black Friday sales and Thanksgiving are kicking in in the US. This should raise consumer sentiment, and possibly soak up all spare cash. Now whether consumer sentiment will translate into investor demand is arbitrary, but will the end recipient of this boon move the profits into PMs?. Throw in all this extra cash out of QE so maybe the dollars will gravitate to PMs.

Let's see if we can still hit $30 by Christmas.
 
sammysilver said:
Let's see if we can still hit $30 by Christmas.
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not a chance. considering the gains LTC and BTC have made over the last couple of weeks and media coverage it has gained and speculators flocking to it.
 
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