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 Replies: 114 / Views: 16,602 |
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Valued Member
United States
493 Posts |
IF silver holds at or around $15, figure JPM has vaults, could be better than stacking dollars going forward, never know, upside could be just as good as gold in the future, can't say as I know why. Need to get down to at least 14 to be able to acquire at 15.
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Pillar of the Community
 United States
586 Posts |
Well, the expected Non-Farm-Payroll smack-down didn't happen. And weekly futures report shows that commercials had been reducing short position on gold. This indicates a counter-trend rally might start as early as next week. I start to believe JP Morgan is hoarding silver now; since banksters' silver short position is very low in futures report.
So, forget about $15 silver for a month or two.
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Valued Member
292 Posts |
I'm predicting we'll see silver at 15 on June 10th. Be ready.
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Pillar of the Community
United States
5862 Posts |
I'm predicting that we'll see silver at $16 on May 11th.
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New Member
United States
9 Posts |
Nice thing about some of the bullion houses I deal with is that their spot price is live. This also applies to other markets as well (Asia, Australia). Last time there was a huge dip, I received an alert on my phone on a Sunday night, silver was under $15/oz. I couldn't believe it. I didn't want to buy on a credit card and incur the additional premium, but looking back, I should have. Walked away with 40oz. in bars and various coins at $14.72/oz.
Edited by Wasserwerks
05/11/2015 07:54 am
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Valued Member
United States
108 Posts |
Up to $17 now.
I'm still waiting for that "$14 in the next few months" :D
Is it likely that it will go down to $14 soon?
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Valued Member
United States
170 Posts |
Lets just hope we have more time to buy at $17 and play the market as is for now as this could get out of hand quick if people start thinking bad about the outlook going forward. but breaking $17.09 makes me feel smart about buying 2015 ASE @ $17.95 |
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Pillar of the Community
United States
5833 Posts |
barryg,
You crack me up!
Honestly, nobody can predict how PM price changes one month after another! Otherwise, they'd be rich. Trends maybe! And that can change also!
I'm just saying it in general, please don't be offended.
Edited by macmercury
05/13/2015 11:42 pm
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Valued Member
292 Posts |
Right, nobody can predict that. Only assumptions can be made. I've been doing stocks for a while and I've had stocks that have had impressive quarterly earnings that far beat estimates and yet the stock price goes down and continues to drop. I've seen stocks that people have recommended saying "This is the BIG one" and the company goes bankrupt. This is investing because it's not a certain thing. People say that investing and buying silver is not the same but it really is. It is a risk just like any other investment. Silver may go down or up and stay there until we die and we'll never see any benefit from carrying it. I don't believe that will happen and is why I hold silver but it's absolutely a possibility.
I just hope that people who see these topics understand that it's a guess at best and to not put all of their eggs in a basket believing that it WILL happen.
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Pillar of the Community
United States
5833 Posts |
The premium to buying and selling stocks is much lower then buying PM, there's no per ounce premium attach unlike PM. But I'm a sucker to those shiny metal myself, it pretty addictive.  |
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Valued Member
292 Posts |
I personally think that the silver market is being heavily manipulated (conspiracy theory). I think that someone is able to jack the price up to create a false sense of urgency among buyers who basically go "oh shoot we better get it before it goes too high" and then the price comes back down to actual levels.
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Pillar of the Community
Canada
2019 Posts |
Quote:
I've seen stocks that people have recommended saying "This is the BIG one" and the company goes bankrupt. Sounds like the same "People" from the movie "The Wolf of Wall Street" |
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Pillar of the Community
United States
1068 Posts |
Quote:
Is it likely that it will go down to $14 soon? Me personally, I wouldn't hold my breath for that to happen... When silver gets to the low to mid $15's, it always shoots back up... |
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Pillar of the Community
United States
586 Posts |
As I mentioned last Friday, things have taken an ugly turn. I said a counter-trend rally might happen as early as this week; and it did. However, I believe the manipulation is far from over; after this short-squeezing is done (I am afraid it will last several weeks, not only to squeeze shorts; but also to lure some longs), then deja vu price will head back down again. For myself, I am not buying any physical until Thanksgiving.  Edited by leon1998
05/14/2015 10:46 am
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Pillar of the Community
Canada
2019 Posts |
Quote:
For myself, I am not buying any physical until Thanksgiving. So your going to buy at above $20 oz? |
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Replies: 114 / Views: 16,602 |
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Posted 05/08/2015 7:04 pm
