Will Silver Hit $50/Oz By The End Of The Week?

I'm thinking today might be the day. Probably some profit taking at that point, so I don't know if it'll stay over $50 for long.

So true!

Just look what it's done the past couple of hours...was hanging in the mid $49's, now it's down mid $47's. Silver is volatile, that's for sure!

That's what I'm hoping for. I was hoping that the drop on Monday and Tuesday would get below $43 (which was my jump in point), but yesterday's Bernanke presser only rallied the PM market. Now I'm waiting to see what happens at $50/oz.

All that seems a reasonable scenario to me... but are you putting your money on this?

Some posting here have said that the bad economic condition of the US is from guys at the bottom and taking bad loans. Although this contributes, I personally blame the legislators for playing games with our tax money. I think these are the real causes. I also blame them for playing their political games of "if you vote with me on this, then I will give you... ." This is how we have ended up with the absolutely ridiculous expenditures that are all to easy to find out about with Google. The sad part is that tons of our money went to pay off political favors. So what did they do? Dip into the SS fund. But this is nowhere near enough! So lets borrow from the Chinese so they can that communism (deliberately not started with a capital "C") is obviously the better system! Yup, Reagan killed the power the communist USSR by spurring on a Capitalistic race with them (kniwing the free system would easily crush the communist one - which it did - no more Berlin Wall), and then we handed the reigns right back to the next largest communist regime by becoming some politician thinking, "Hey, why don't we just borrow more money from China?" This guy should have been tried for treason. And the people who voted to do it should have also been prosecuted.

Yes - borrow more and more - why stop spending it on things like $3000.00 hammers that our political buddies will sell to us for useless (or less important than economic well being) projects we dream up. And then when we cannot pay anything back - simply make money up out of thin air. Forget history records this as certain doom. Have the media proclaim it as the best thing ever an keep going.

When it turns out that the tax dollars that were sent to buy food for Mr. Ima terroristbutdonottellanyone, and he used it for actions against the US, then no government official takes any action to do anything about it. This would be saying "oops, I was wrong!" Look at CAIR, they have been directly tied to terrorism and yet still are a large organization inside our borders! While we are at it, let's just start spraying crops with carcinogens again - we know the poison is there, but hey, who cares - the people who make/made these products to sell need jobs - lets be nice to them!

The only good thing about this is that if people have had PMs awhile, then they will make a profit. However, I admit, even if I owned more PM than everyone in my state combined, I would rather see a healthy America than me getting rich. America was better off when we were stable, strong, patriotic, and stuck to the ideals that built this country - it was a much better life for not only us, but for a good deal of the rest of the world that our money and young men gave their lives for over and over and over and over.....

Of course, we all know that the $3000 hammers were just a cover-up for black projects that the government wanted to fund without telling anyone they were doing it.

I agree with and much appreciate your last comment. America IS more important than just about anything else to those of us who love her. I have 2 kids and 2 grand kids and I want them to have a great place in which to live, grow, and spend their lives.

I am hoping that even the politicians will begin to understand that we need to do much more to reduce our debt, that we need to spend the public treasury as wisely as possible, and that we simply cannot afford all the government that we now have. As others have said in other forum topics, a 50% across the board reduction in the size of all forms of government is likely to be the only way to save this country. Splitting the hairs between spending 25% and 21% of GDP on government is not helpful. Government is pretty much the same thing as over-head expenses are to a business and no legitimate business can survive, let alone thrive, with more than 20% over-head. The magic number is somewhere in the area of 10% and no more than that unless we are in a war for national survival, such as WW II.

EXCELLENT! I am sure that Patrick Henry, George Washington, Alexander Hamilton, and many others of Founding Father fame would have been so labeled as well.



Indeed we are! I can't think of a finer description of REAL men than to be slandered by the non-men.

The talks and the bs walks eh Frazzel, rof!