How Low Will It Go?

Hawk,

We're on opposite ends of the spectrum. I think silver can, and will, get to $20 again this summer. My rationale is an economic downturn coupled with high gas prices; stagflation, if you will. But like Tim reminded us, it's a guessing game, and silver and gold will go where the powers that be feel its most advantageous... to them

I am guessing the bottom will be at $28. If you look at some other posts, I guess the market would drop and silver would go with it.

To further my prediction, stocks will drop to the 12,700 levels (eventually) and silver will be about $28 then. But I expect silver to hit $50 before year end. (it all depends on how the government keeps manipulating it)

Just my guesses :)

I would agree with that 100%. Unfortunately, there are some really big money players involved in this and they can last a long time... unlike most of us.

"Heard a rumor today at coin shop that Hong Kong is going to open a PM Exchange around july and when they do prices are going crash."

I don't know jack to the squat on this, but seems like to me if China is just now indeed becoming aware of PM's in say larger percentage numbers as I have heard here already, which is a drastic change from before via a HUGE number of new buyers an Pm's sold, then would that not equate to increased prices?

Seems like simple supply an demand. Why build PM exchange, if there was not tons of money to be made. Their currency is not exactly clear of the woods these days, setting high on the mountain, as they got a major HOUSING issue to deal with, not to mention, energy, population, food or lack there of...

Price drops on physical silver lets look at history for a second, and when we do that a drift back 32 years to 1980 is pretty common.....

So the Hunt bros MONOPOLY on silver got the ol stick in the spokes, via the government slapping regulations on to the AMOUNT of silver units they could sell to one set buyer. This lead to many silver orders once filled now left vacant which must move, so dump it into the market at lesser an lesser prices until it all moves in order to counter the new regulations, via MINIMIZING the damage. Losing ones shirt, just in the end do ya wanna lose 20 shirts, or just 10, lol....

An what did those big wigs care about driving the price down to dirt level for the next 30 years, it was every man for themselves at that point, and the ramifications were irrelevant. Who knew it would stay down 25 plus years as well.....

Now then I could have that Hunt bro theory 180 degree BACKWARDS, but the was how I understood it from reading about the above paragraph in my first days posting on this forum....

I would agree with that, Trae. Asian demand has been strong and is growing fast from year to year. If the western bullion banks, CME, COMEX, etc. keep playing their idiotic "crush the PM price" game, ALL of it will eventually be in Asian, Russian, and Brazilian hands because they are buying heavily, especially on the price dips. Guess what happens then. Yep, a new world PM money standard. Tough noogie for everyone who does not have REAL money then!

There was a lot of talk last year about a new Bullion Exchange opening in China but that seems to have been delayed for some reason... not sure what. Could it be back on again? If so, a real metals exchange where real metal is bought and sold but not paper PMs would be sure to gather in a lot of PM investment money. I'm wondering if the COMEX would survive such an event.

I am of the opinion that when the stock marked goes into a down turn investors take their money out and buy Pm's.
That would or should have the effect of boosting the price of silver and gold

That makes sense and it's definitely what I thought; but in 2008, PMs rode the stock market straight down to 52-week lows and only began to recovery as the market recovered. Oddly enough, the people who pulled out of stocks put their money in T-Bills, which boosted the US dollar against currencies like Canada, New Zealand, and Australia, (which may use gold to back their money- not sure about this?). It seems counter intuitive to head toward US government bonds when we have a higher debt than GDP, especially with real, safe money right their in plain view, but that's exactly what happened.