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

Yea this thread is running wild. which I mean passions get going when it comes to silver and gold. Why? I dunno, to me I see them only as money making avenues, nothing more, nothing less.

update on price action to follow in a bit. please note however, in the past few days, gold and silver have not attempted that huge gap and are turning away, getting farther and farther away. the more they drop here, higher chances that getting to that gap becomes more difficult.

Again I will have an update going back in time, and breaking down the price action.

I do like you Miggs but man you like to butt heads alot for being a Canadian loljk....

You kind of remind me of myself, minus being three quarters nuts in my case lol....

Nam is right we all are NEVER gonna agree 100% of the time, but that does not mean we have to take offense or dislike each other just because we all don't see things the same exact way....

They say Jesus was a darn good carpenter and most good people who care more about helping others before the help themselves may feel that he is perfect person to copy their lives after, and his name most commonly known throughout the entire world even if you believe he even existed or not, speaks for that....

But if the entire world was just carpenters, we would have some amazing wood works through-out the world, but not much else eh....

DIVERSITY and being our own finger print is what makes us a most UNIQUE species....

A colony of termites are all basically the same controlled by one mind or chemical from the Queen. We are way more advanced and complicated of a multi celled organism then that. The way their colony works together speaks to a higher inteligence in control of all things IMO, but that is just me....

The minute that first human so many eons ago created wall ART or made their own unique jewelry or formed their own ideas and went against countless generations of the way it was before, such as the Neanderthal way of life, is when we became that UNIQUE species that we are today, whether we agree on a subject or not....

@Namachieli

wow thats a good question and one I haven't really given much attention too. I guess because well, projecting things, especially so far into the future is so difficult. Markets are always changing, there are always different dynamics at work, etc.

In my opinion, I doubt it will. In fact, one thing I have thought of and a discussion I have seen go around in the past has been how gold really didn't reach its inflation adjusted target, based on its highs made in the 80s. I do think that gold will always lag economic conditions. IT certainly has its place in portfolios but it shouldn't be the biggest portion of someones savings or holdings.

There has also been some who have said, and I have to agree from a non trading standpoint, that despite the massive QE from global central banks and gold just barely made it 2,000.... and yet we saw all these estimates of 5K, 10K etc. Silver didn't even challenge or set all time highs.

That is the tricky thing with markets and assets in general. What exactly can we expect down the road? Sometimes correlations run together, other times they decouple. It used to be that a weak dollar equaled stronger gold prices. It used to be both a strong dollar and strong gold prices would run together. We cant accurately predict the future because theres too many moving parts in the financial markets.

In the end, this is a very difficult question to answer, because theres just too many variables. Whats to say that in 50 years gold and silver do nothing but stay down? What if prices of milk change because of production costs or even because of any future reforms that affect diary produces? Lots of variables.

What I would say tho, is that an investment in the markets that keeps up with whatever current economic environment arises will be better than placing large amounts of money into gold.

thanks again for that question and I hope it answers your question!

@Yup

Thanks for the insight. Not the 'yes' I was looking for, but definitely some food for thought.

Thank you.

Not offended. :)

And if you follow much of what I've said over the last few years here, I'm one of the strongest believers in the egregious and blatant manipulation of the Silver market by JP Morgan and their poker buddies.

With the video, I was simply playing devil's advocate. I was only dissecting the video from a different view point. Notice I didn't provide any counter proof, as someone would who believes in the opposite of the video.

Honestly though, that video is pretty leading. "Whoa, look at that, now look over here... Look at that coincidence, but oh, don't take it from me.. look at the facts!" Rush Limbaugh and Glenn Beck use very similar tactics, just more obvious.

Miggs, I agree with your position 100%, but its too easy to get in a circle and pat each other on the back about how right we are. I believe there is a term for that

I think it is relevant to point out Frank was poor or more blue collar at-least starting out until his work The Wizard of Oz found the public eye....

Meaning he would have very possibly clanged to many of the big government conspiracy's of the time, such as devaluation of the currency of the day, or the beginning of it all....

As his own wealth and fame grew with the book, these younger gun ho traits of sorts that many young full of pee and vinegar seem to possess, seemed to fade away.....

At-least no other real mentions of it in any of his later works or personal memoirs perhaps....

He like Nostradamus or even Newton, probably was not to open about sharing his true beliefs ideas with the world of their time, knowing such opinions were not accepted and certain times resulted in imprisonment or death....

Beyond that Yup curious of your thoughts on this next so call BLACK THURSDAY Sept 18th predicted by Money Morning?

Title which will make ya all click on link.....

Bernanke's Deal with the Devil

https://purchases.moneymappress.com...pageNumber=2

Pure sales pitch. I don't believe anything that comes in the format with lines boldfaced throughout the document. It looks the the "urgent messages" I get from the NRA followed by a request for money.