What Happens To Gold And Silver Next? Look Out Below?

Yes, Allspice hits on many things I believe in and work for me, and its all based on price and the markets reaction.

Syria- does it matter to the markets. a big NO. Don't let anyone tell you otherwise and if you do hear it on TV its some talking head. YES I hate seeing humans suffer, for over TWO YEARS now. I could go on and on but this is NOT the forum for discussing this. However, as far as Syria, its a nonevent. As Allspice correctly points out, look at the reaction of gold and silver. pretty much nothing. we can look deeper tho. Look at oil, refined product, IE gasoline..... the one is rolling over and the other has not jumped to the moon, in fact most of its price moves were technical and trending upward WAY BEFORE Syria. Finally look at defense stocks... a big Zzzzzzzz.

Interest rates- they continue to move up. I think higher yields will keep a cap on gold and silver but hey what do I know? Clearly tho, gold and silver are going to need another catalyst than just "QE forever" talk.

India- its been melting down for months now, and what effect has it had... what have gold and silver done? Not much.

SO,, really what we can do best is just watch the price action and pay attention. The more clarity we have,the better we can position ourselves for purchases.There's nothing wrong in sitting back and waiting, being patient. If we get an all clear and price snaps out of this downtrend, then high prices will bring higher prices. Let the funds do the heavy lifting FIRST then follow. On the flip side, if gold and silver lose the retracement and push deeper into their downtrend, then one has not made the mistake of being caught up in a false move.

Finally, don't discard that perhaps we just get a wide range in gold and silver. Perhaps they just bounce around and settle into a narrow range again.

Be open minded and just let price be your guide.

I always appreciated the US sellers who were willing to work with me

I'm not sure why allspice used my statement to talk about predictions. While I have made some fun predictions, I have been pretty consistent in my views.

I don't make lots and lots of predictions and hope one of them comes true.

I have over 1200 successful criminal conviction based on solid analysis. I am an interviewer, or in the common vernacular, an interrogator. I am a professional student of human behavior.

I have also worked in the Military Arena as a data analyst.

Co-incident with my Military Career and after my Career in law enforcement I have trained and worked as an Engineer. Again, I analyze the data.

Soooo not sure why my statement was taken as a wild shot in the dark, shotgun guess.

Anywayyyyyyyy

You might be right but gold mining is contracting faster than average due to the 2 major drops in the price recently. In this article you can read;

Demand Trends report, it states "While mine production historically has been slow to react to changes in the price, the extent of the fall in
the second quarter has elicited a swift response from gold producers. Recent spending cuts and the closure of costly operations across the
industry may start to have an impact on the supply pipeline by the end of this year."

And that could bring higher prices for gold if there's a physical squeeze, back to supply and demand...
http://www.zealllc.com/2013/golddec.htm

If I was living in India and sitting on some gold for a while, I wouldn't be joyous the Rupee is going down
but I'd be very happy I own gold to counterweight. Isn't that the whole idea about owning PM,
to preserve whatever you have? especially in the financial world we live in?

Me and the magic 8 ball been killin it son, lol....

So PMz are NOW in a downtrend Allspice put that in your proverbial pipe and smoke it lol . The magic 8 ball has spoken ....

So for now I am and waiting for that sub 20 window to open like most of the wise here lol....

Hmmm... seems to be a bit of confusion as to what I was driving at. My intention wasn't to question the credibility of anybody's predictions on this forum or whether or not they come true, but rather the predictions made that I've been reading about, outside this forum, including the propaganda of how gold & silver have bottomed and are off to the moon, etc.

Sorry for using that quote out of context, jmkendall. I should have replied to your first statement. Leave it me to put my foot in my mouth when trying to make a point.

Not sure about how I touched a nerve with Silverhawk. I'll just use statements/opinions from here on...