What Happens To Gold And Silver Next? Look Out Below?

PM usually trending lower from around end of March to around early September, so don't expect any significant re-bounce in this time frame.

However, the prices we see are dominate by paper PM trading (ETF and future contracts etc). Good luck finding/buying physical PM at the same low premium you've experience in the past. For the past few month, silver was about $2 lower but dealers at coin show still selling bullion (ASE/SML/etc) at around the same price as when silver was $30+ (premium was about $5 to $7). I don't expect premium to go lower. Even major online seller, we will see a higher premium on sought after bullion. Deals can still be found, just harder to come by.

update- folks, please dont think today is a day to step in and buy gold and silver. This is another leg lower by institutional fund to liquidate long term positions. How can I be so sure of this? Simple, price and the volume,,, which is major and the tell tale sign.

Dont think that the selling is done. because it isn't. That in term means, that coins you want, you will find them at the price you want... and mark my words, the general public will be dumping their coins left and right.... as I stated months ago, the ebay and APMEX joint effort to sell coins, that was another sign that a top was put in place in regards to higher prices... and sadly many many folks bought at much higher levels.

Expect much lower prices going forward. .. and YES it is entirely possible that you can see a retracement up in the price but that does not mean its saying all clear.

Be very careful with how much you buy here.

Well, it looks as though gold may have bottomed out today at $1500, so it may be time to get a little more. I would tend to agree that now may not be the best time to go all in with major purchases (although it certainly could be since nobody can predict the future), but that's exactly why I buy a little at a time as the price drops instead of buying monster boxes of silver or 10 ounce gold bars.

Everybody's situation is different, of course, but I find that it's easier for me to justify buying a little at a time, regardless of the price, rather than buying a large amount all at once when the price bottoms out. And part of that is that there's no way to tell when the price has "really" bottomed out. I learned this lesson the hard way last year when I bought a monster box of silver after prices dropped from $35 to $32, only to watch prices plummet to $26 a couple of days later.

So, yeah -- I definitely won't be going "all in" any time soon (or ever, for that matter). But in the mean time, I do believe it's time to get me a little more shiny stuff...

I remember last spring waiting and waiting for a $26 price to buy and I never did! So if you want silver and can find it available, you may want to buy. Yes, it may go lower, but it may not.

In this same thread, a few days ago,, I stated that a swift and fast move would happen, especially a range break, and we got some of it today, in fact I am a bit surprised at how soon it happened.

In any case, anyone who wants physical gold or silver should step aside lest and let more selling pressure come in lest they want to enjoy the anguish and angst that comes with being underwater of a recent purchase.

Note I am not saying not to buy gold or silver, rather patience should be used here as it will get you a much better price and cushion.

I wouldnt be surprised if its going down its only costing them money to hang onto it.

One thing remains true in all forms investing. The most patient win in the end who never get scared and sell. Perhaps this is not true 100% (some die first just is what it is) of the time but I bet the ratio must be up around 9 out of 10....

With premiums going as high as 15percent over spot I will wait til the dust settles