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 Replies: 21 / Views: 5,098 |
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Pillar of the Community
Canada
3692 Posts |
At what point do those prices burst? Do you think gold could go the route of $700-800 and silver $5-10 again?
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Pillar of the Community
United States
1409 Posts |
I won't pretend to be an expert on trading rules, etc., but did read some articles on a couple of sites today regarding the # of COMEX physical silver calls/orders for Sep that came due and a perception that maybe COMEX didn't have as much physical silver on hand as they'd previously stated, so they were buying also in order to cover orders.
Again - that is the basic jist of 2-3 articles I read, and is my loose interpretation of it.
Anyway - I was shocked that it ran right up against 20.50 today and of course the wild-eyed speculators are all talking about $25 by end of year and $100 next year. I can't fathom it getting over $25.......just my .02
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Pillar of the Community
United States
5833 Posts |
Well! If silver goes to one hundred an ounce, I will definitely pay off my mortgage...LOL ;>
And what would price of gold be then? $4000 an ounce...
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Pillar of the Community
 United States
2448 Posts |
Gold and silver still climbing, $1270. and $20.70 right now. Mac, I'd still plann to make my mortgage payments for a few more months.....but you never know.
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Pillar of the Community
United States
5833 Posts |
I had a chat with a Blanchard sales rep beginning of last year and he says that gold can escalate up to $1500 an ounce by end of this year, I think at the time gold was around $1000 exactly and I started to think that the economy would really bottom out, the US dollar can't compete with the China Yuan or some other thriving eastern countries.
What I am trying to get to is how sad our country hasn't improve overall and lagging behind from other. Since the US dollar is slowly losing it value, it pushes precious metals up.
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Pillar of the Community
United States
3640 Posts |
Actually during the past 2 years just the opposite of what normally
happens with the stock market has been happening.
Before if the market was down gold and silver went up and vice versa.
Looks like maybe $21.00 plus before the weeks out.
Might have something to do with the political climate as well.
Could hit 25 in november.
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Valued Member
United States
61 Posts |
CAN gold go to $500, silver to $7 again; yes. Anything can happen. WILL it? No. Inflation is much more likely than the ridiculously strong dollar that would be required for a metals collapse. The key; diversify. Then you can be wrong on your stocks, bonds, metals, or money market and make money.
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New Member
Switzerland
46 Posts |
In mid-June prices for 1oz Gold was for the first time over 1250 USD. Then prices started to fall until the end of July. Since then prices have been going back up. Will the price for 1oz of gold top 1300 and go higher or higher by year end? The way that things are looking I am compelled to say yes.
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Pillar of the Community
United States
5833 Posts |
OK! Silver is over $21 today and gold is over $1290 per ounce. Will probably see gold going over to $1300 before end of the week. Time to sell IMO.
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Pillar of the Community
Canada
3692 Posts |
Hopefully you don't sell to all of those annoying cash for gold places that are popping up everywhere.
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Valued Member
United States
254 Posts |
With spot silver at $21.46, the melt value of 90% silver is about 15.5 X face value. Has anyone tried to sell? I'm curious what people are receiving. Have the premiums gone down?
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Pillar of the Community
United States
1409 Posts |
I haven't sold, just been stacking, looking for deals where I can find them. Added about 7 oz via roll searching last week between halves and dimes, plus the 2 silver quarters a teller held for me. The M&M to silver ratio has been pretty good, lol. Now that halloween candy is out I can change up the treats for tellers.
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Pillar of the Community
United States
511 Posts |
I wouldn't be surprised to see a modest dip in the near future, but the overall trend (according to veteran metals analyst Ralph Kramden) is "to the moon, Alice!"
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Valued Member
United States
71 Posts |
Iteresting to see the debates ... today 21.74 and moving up ... some say 50, some say 10 soon
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Pillar of the Community
United States
2448 Posts |
Here we go again. Experts, today on CNBC, are saying gold is projected to be $1450 by next September. That means silver might be (assuming the same Gold/Silver value as today) $25.50. Just when I go to sell, the prognosticators peak my interest.  (Based on current 0.01691 of gold's spot price.) Although silver is actually only 22 times as plentiful as gold (if you listen to some analysts). I guess it's what the market will bear. That must be why they make Sterling Rolls Royce's.  |
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Posted 09/14/2010 7:45 pm
