Silver Price

Well I'll start out by saying, if anyone knew for sure, they would be rich and probably wouldn't share the info. lol

But as for an opinion?

Silver is going to follow a pattern of Manipulation one way, and resistance the other way.

Currently Prices are manipulated to be artificially low, and resistance caused by that manipulation is naturally trying to push it higher.

Although, if I were the one manipulating silver, I would do it in waves. I would push the price low for awhile, stock up as much physical as I can, Then 'allow' the market to correct on its own. Currently, this would drive the price up, and sharply. I would pick a point to start selling off my physical, while keeping my paper positions stagnant. Once I'm satisfied with my profits from physical, I artificially tank the price, and keep it there while I stock up again.

Rinse, repeat.

A few points to note,
-In March, after a decent cycle of up/down over the previous 5 months, Silver began a stead decline. $35 to a low of $26.
-June, being the end of Q2, and to many companies almost as big of a deal as Year end figures, is where a lot of companies want to take profit for Earnings calls beginning of July.
-Beginning of June we are starting to see small, yet sharp moves upwards in increments of $1-$1.50 in a day, and then $0.15-$0.30 on other days.

***Tin foil hat prediction***
If Silver follows this movement pattern, we are looking at potentially $40 silver by the middle of the week of the 18th. Just enough time to start selling physical positions, and take profits by EOB June 29th.
Buying window is closed for now. Wait for the second week of July before you think about buying some more.

/takes off tin foil hat.

I think you meant Bernanke




Until we stop setting Spot price of physical metal, based on trading price of paper metals, we're always going to have a perception over reality problem.

I'll buy up til around the $33-34 range. Then if it still on the way up, I will hold to see if I can unload some junk silver to fund some more bullion/numismatic. I've become bored with junk silver and will unload some if silver gets above $40.

I try to to only buy up to $2-$3 per ounce (minus premium) over my 'average buy' price, as long as my average buy price is less than $10 under the current 90 day moving average. If it's more than $10, I consider the 90 day moving average as my 'average buy' price.

I should add this to the spreadsheet I made... Save me the trouble of calculating it all.

If Obama is reelected come November I believe gold and silver to sky rocket to $50 to $60.00 an oz.16 trillion dollars in the hole in this country and he wants to print more$ ? Are you kidding me?How many bailouts does he need to figure out it doesn't work.
If Romney wins I believe silver to balance between $20.00 and $35.00 for a few years.
Thats my prediction and I'm sticking to it

I believe those in the positions of power will continue to manipulate
not only the paper stock market, Jobs Numbers, and every other economic
indicator with numbers that will continue to suck in peoples money
in the mistaken belief that their money will be safe in the system.
While they with paper manipulate the price of precious metals down.
and on the other side they load up on physical metal while the price
is cheap.

In preparation for the next monetary system that is coming.

These people in no way are ignorant or unaware in any way to what is
coming. These things have happened many times in the not so distant
past. (research Argentina 1999-2002) and there are many more examples.
Those in power are right now positioning themselves to still be in
power when we come out the other side of the coming economic crisis.

Test runs on events are taking place on smaller scales have been
taking place for some time now, (MF Global,Libya,Greece)
Outright theft of Gold, Silver and peoples accounts.
Libya by invasion. one of the first things to go missing in Libya was
their Gold. Greece is being black mailed to give up their Gold.
MF Global was an outright theft of peoples precious metals and
accounts. and here we are a handful of months later and no one
hardly even mentions MF Global anymore. Certainly not in the
Main Stream Media. They got away with it.
They will be going after retirement accounts before it is over with.
I would bet a shiny silver quarter.

The price of Silver will stay low until things just implode
then all bets are off as to where it will be valued.
I am sure it will be much higher than it is now.

For a good amount of human history,
One Days Hard Human Labor cost 1/10th of an ounce of Silver
Roughly One Pre 1964 Dime.

Might give you an idea where the price may end up.
Now that the U.S Dollar is very quickly losing it position
as the World's Reserve Currency which more than a generation of
American's have NO idea how lucky we have been to have that position
in the world. Well the rest of the planet is flat out running
away from the U.S. Dollar as fast as they can right now.
Making deals on a very regular basis in the last year to trade
directly with their own currencies or Gold bypassing the U.S. Dollar.

Traevin,

That IS the question. And I believe nobody knows.
That is why I believe there is so many differing opinions
in where the value of Silver may end up. And why people
get so frustrated in trying to figure it out.
We are trying to establish a value of an ounce of silver
against a constantly devalued and manipulated currency
The U.S Dollar
with nothing backing it but the good faith of the Government.
Giving the politicians the ability to print as many as they please.
And Boy O Boy are they printing.

After World War 2 in the Wiemar republic people were
lucky to get a loaf of bread for a wheel barrow full
of the countries currency. So how much would an ounce of silver be?

In Mexico currency devaluation has happened a few times
in recent history 1976, 1994 and 2009.
In 1976 and 1994 those in power lied to the public
saying that a devaluation would not take place then
basically overnight it happened and the peoples money
was suddenly worth roughly half what it was the day before.

The same with Argentina in 2002. Just devastating
currency devaluation.

And the ones in power will lie about it right up to the moment
it happens so that they can position themselves and their
circle to best benefit from the devastation

So, What is an Ounce of Silver's Price in the not too future?
It is worth exactly what some one is willing to trade you
for it.

I would bet the house that it will be a great deal more
than what someone will give you for 6 inch by 2 1/2 inch
piece of paper with green ink on it


Just My Humble Opinion

Terry

even if it goes up to 100 an ounce it still wouldnt be easy to retire. as the silver goes up so will everything else. and than you would also have to worry about violence.