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 Replies: 26 / Views: 2,345 |
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Bedrock of the Community
United States
12437 Posts |
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because it was the 3 month Fibonacci Retracement's low to the very cent hey now, thar will be none of that fancy mathumatix talk around here  |
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Administrator
 United States
326 Posts |
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I did, but the admin guy didnt think my post had "quality" and deleted me ad and 35 of my post. You want to air this in public we sure can. I can assure you that you will lose the fight. Attitudes like you've had privately, and now publicly also, don't last here. Jimmy made 22 garbage "nice find" type posts in 30 minutes cluttering up the whole forum with old topics then went straight to the sale forum 1 min and 15 seconds after the 50th post. I spent 20 minutes removing them and responding to the Notes to Staff about the garbage, then lowered his post count. |
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Valued Member
United States
206 Posts |
My thought is that people in real financial trouble are selling there silver and gold at spot. This is unlike the Hunt Brothers, this market is more solidly back by small investors buying (As we see from previous posts) and desperate people are selling in a flat 12-14 dollar range. The cost to manufacture gold from ore is around $600oz not a bad return at $900 open market. Precious metal mine production will not meet world wide demand. Newmont Mining are reopening mines in Australia. As silver is a poor mans gold it should follow. I think the reason silver dropped from 14 to 12 is the flood from unemployed middle class worker who are up against it and liquidating silver and gold as it has a firm value and instant payment. Silver last year hit $22 in fairly good economic times but gas at $4.00 a gallon caused inflationary fears and metals are a hedge. So with all this said the formula that I have devised is divide the price of gas by 2 and multiply that number by 11 that will be the price for silver. If you can predict the price of gas, silver will follow.
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Pillar of the Community
United States
632 Posts |
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Jimmy made 22 garbage "nice find" type posts in 30 minutes cluttering up the whole forum with old topics then went straight to the sale forum 1 min and 15 seconds after the 50th post. I spent 20 minutes removing them and responding to the Notes to Staff about the garbage, then lowered his post count.
How in the world did he think this was going to fly? Now if he trys to sell at the forum he probably wont have any buyers anyways if we know he tried to pull that crap. Anyways, to contribute a little bit to the topic at hand. I've actually been looking for some bulk silver as an investment because I think it would be an "easy" first investment for me. But I can't find any silver low enough to suit my tastes. |
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Pillar of the Community
United States
1882 Posts |
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If you can predict the price of gas, silver will follow. Then forget silver. If you can predict the price of gas, you can have endless wealth. |
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Pillar of the Community
United States
2600 Posts |
If you are going to look at silver from an investment point of view, I would sell and turn it into gold. The day is coming when gold and silver won't 'be connected at the hip. Silver has lost it's monetary value, film production is gone and it's value in jewelry is fading as white gold is becoming more popular all the time. I just feel that gold in the long run will hold greater value.
Jim
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Valued Member
United States
206 Posts |
Steve I think that was point.........
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Bedrock of the Community
United States
10982 Posts |
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...divide the price of gas by 2 and multiply that number by 11 that will be the price for silver. If you can predict the price of gas, silver will follow.
That's an interesting formula. I've never heard it proposed before and it does make some sense. Did you try it out versus some dates in the 1990's? Sounds like it could be close. Barring a calamity, we're a few years away from gasoline prices back at $4/gallon. $20 silver is likely 3 years out also. |
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Pillar of the Community
United States
3098 Posts |
I don't remember because I'm not old enough, but how much was rationed gas during the 70s?
And wasn't silver $50 in the 80s? And ... gas was pretty cheap then, right?
Still, Steve's got an interesting algorithm. This formula could work from the 1990s to today.
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Pillar of the Community
United States
1882 Posts |
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Steve I think that was point......... Stephen, I must not have made my point. There is no reason to do some conversion using an invented formula that will not hold up. If you can predict the price of gas/oil, endless wealth could be made in gas and oil, on the futures market. But alas, nobody can really predict the future price of gasoline, but some appear to be better at it than others because they are statistically lucky. |
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Valued Member
United States
411 Posts |
but is it not true that when the stock market climbs the gold and silver market drops. stock is very slowly climbing.
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Replies: 26 / Views: 2,345 |
First Page
Posted 04/08/2009 11:34 pm
