Will the price of silver drop below $21au an ounce?

SilverPete said:
House said:
ego2spare said:
Silver never settles. One month it could be enron the next month could be apple. If you had to chart how you think silver is going to move over the next 3 years. You might as well just give a 4 year old an etch a sketch.
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Good enough?

http://forums.silverstackers.com/uploads/6531_retarded_monkey_silver_prediction.jpg
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I was looking for a chart covering the silver price moves over the last couple of days and realised this one is still one of the best. Very accurate.
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Looks like bloodied shark teeth. Dangerous!
 
Pirocco said:
Swapping what is low (AUD) with what is high (USD), wise?
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It is if the AUD will fall further with no potential for recovery. If you don't like fiat, swap your AUD for a USD denominated item like silver or gold. Just do something other than hold declining fiat currency in a failing economy.
 
I am curious. What do you Australians think the A$ will do in the next few years? Recover to pre-devaluation levels? I am thinking of buying a flat in Australia, to take advantage of the cheap A$.

And what would be the best city to buy a flat, considering current prices and future expected prices?
 
Buy low sell high..... Thats it.

The lower it goes, the more you buy..... The more people poo poo silver and gold the more you buy.

When it starts rising you will wish you were a buyer at the lower levels.

when the price rises and everyone is saying "gold and silver is a must have goto get in" is when you sell. They will be knocking at your door and you will have a pocket full of ounces.

Many Happy Returns...
 
With the anticipation of US interest rate rises later this year the Aussie should continue to sell off however the 80 cent mark is a major support level for the Aussie so something will have to shift for it to make that next move down. Another interest rate cut would do that and lower CPI would help the RBA make that rate cut. Alternatively it becomes apparent that the US can not raise interest rates and the markets may begin pricing in more QE which would cause the Aussie to rise along with most other currencies and commodities.
 
Cheepo said:
I am curious. What do you Australians think the A$ will do in the next few years? Recover to pre-devaluation levels? I am thinking of buying a flat in Australia, to take advantage of the cheap A$.

And what would be the best city to buy a flat, considering current prices and future expected prices?
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If you wait for a little while until the dollar falls and the hit the mining sector is taking filters through to lost jobs and lower house prices it could be a good move if it don't mind holding it for a while (assume it's am investment).

As for where I would put forward Adelaide if your going to buy around a year from now. Already one of the cheapest capitals in the country but planned to grow population wise as well as increasingly (slowly) urban. The economy here is stalling and will get absolutely terminal once the holden plant closes and if we don't get the sub Corp contract so there will be bargains to be had in a year or so. Plus, some of the people who lose their jobs and so sell the houses they own will turn to renting so rentals probably won't be hit as hard as property sale prices.

Perth, sydney and melbourne are stratospheric at the moment. Darwin is totally hit and miss. You could look at regional places like Newcastle though I don't know that much about them.

If silver prices are high at the moment of maximal property weakness better I would consider selling everything I own and using it as a deposit on a house or flat here for investment.
 
Silver was roughly around the price that it is now when I started this thread last year.
I want to buy a little silver this week but I'm holding off to see if she drops again, hopefully below $20au.
And lets give the Aussie dollar a kick up the arse and make her get back to at least 85 cents but I can't see that happening :-(
 
Gigrantor said:
It sure looks like it is heading that way, I wonder if it will keep dropping?

Am I the only one that is putting off making big purchases until things have settled?
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If you were to ask me if i was buying at spot, i would say a firm NO!.
Metals have a funny habit of rising in the first few months of any given year before retreating down again.
Being the cheap old bugger i am , i never (rarely) pay spot anyhow.
But since you asked, yes it will drop below $21 AUD this year:)
 
Caput Lupinum said:
With the anticipation of US interest rate rises later this year the Aussie should continue to sell off however the 80 cent mark is a major support level for the Aussie so something will have to shift for it to make that next move down. Another interest rate cut would do that and lower CPI would help the RBA make that rate cut. Alternatively it becomes apparent that the US can not raise interest rates and the markets may begin pricing in more QE which would cause the Aussie to rise along with most other currencies and commodities.
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Currency is awesome:)
I bought up relatively big by my standards on USD last year when it was trading at $1.15NDZ.
While i did have to pay for the privilege of the conversion at the bank , turning them back into NZD is a free service at our Kiwibank.
I could now take those $$$$$ that i paid $1.15 for and get $1.34 give or take.
A way way better return than any term investment available:)
 
It looks like silver is heading back to the $21 mark, hopefully it will keep dropping.

In an ideal world, silver will continue to drop and the dollar will continue to rise.

Unfortunately the PM market is far from ideal of late.
 
ego2spare said:
Silver never settles. One month it could be enron the next month could be apple. If you had to chart how you think silver is going to move over the next 3 years. You might as well just give a 4 year old an etch a sketch.
Click to expand...

hilarious and accurate, +1
 
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