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

If ever the companies that trade in EFT's go belly up the players with the "Physical" metal will be laughing all the way to the Bank.
Personally if I buy metal I want metal Not paper

What is the opinion on Sprott Physical Silver, PSLV? How many shares make up an ounce of silver? At $6.50/share, can't be one for one. Thanks.

What I liked about it was it was held outside of the US, lower tax rate if I understand it correctly than other physical PM holdings, and redeemable for the actual silver. But I read through the process and seems like one must have ALOT to redeem and rules are quite stringent. I might add this trading account is an IRA, so taxes only kick in once start drawing on it. Also, lower maintenance cost for holding.

Yes, time is on our side. Hoping when the 1300 gold level and 18 silver level is had, another explosive run up...till another "breather"...rinse, wash, repeat. Dumped a few underperformers today. Mostly keeping as cash..any buying now is getting riskier, with obvious less profit by the end of the cycle.
Trying to sniff out some beaten down sectors to mull over possible nibbling in. Those who nibbled in miners last November, December, and, then bought more into Jan. are sitting real pretty.
Have to admit, I do get a kick out of Newmont Mining..lots of institutional buyers...a slow steady ride UP since purchases. I also like the way it is like a "barometer" of spot...it pretty much matches price action perfectly, although, earlier in Jan, and Feb 2016, there were many days spot down, and NEM up, as whomever was loading up their holdings...THAT impressed me. Most of my holdings now were picked from lists that included this feature of strength. You don't read much about this micro-aspect of stock company research. Who's up on a down day, and why? Usually, as YUP would say, institutionals buying in.
I read somewhere in winter that Fidelity got into miners...after years of being out. Considered a HUGE move. The author basically said this was going to influence the entire market, in a positive way, as the Fidelity behemoth is mirrored by many. The author was right in his analysis.

An example...I bought Rangold back on 4-20...still in the red by 4.94%. NOW I know why to buy and HOLD. I had it earlier, in FEB, and sold, taking profits, on a emotional panic, reading too many Freakin reports gold was sunk...Listening to other people's forecasts is madness...except YUP!
I use Rangold as a scalping stock..but, I think NEM is better for that. We'll see. I have a few miners I do minor scalps with, the rest cannot be touched.

You can hold physical bullion in an IRA. Basically just government issued gold and silver eagles, but it is an option to evaluate.

Side note..I have a Bitgold account...pretty cool system with a Bitgold Mastercard you link to account.
Seems to be pretty smart company..they even have a stock symbol, BTGDF, OTC. I may invest in a small way.
There is some new Bitcoin-Style gold backed crypto-currency now(cannot recall the name). Seems the trend is for gold-backed systems to offer both investing in gold, redemption options, and more.
The cell phone has allowed the average Joe to invest in gold. While the amounts vaulted by these startups is small(I read Bitcoin has vaulted 1 ton now, in it's 1st year of activity), they all will add up, slowly, and help demand up.
Ooops..there goes spot prices down...my goodness things are volatile these days. Choppy. Wish a new run up would start!

Looks pretty straightforward -

silver and gold still in up trends. However, we have the usual pattern of making yearly highs, pull in, chop around and go sideways, which is not a bad thing.

Imagine if we made yearly highs and then plunged right back down with violent moves. Which, btw, we could still be in an uptrend with some pretty violent pull backs.

In anycase, looks like with silver we are right now again testing the lower range of the low 17s. With gold, its pretty clear that the previous high end of the range is acting as support, it is now the low end of the range, the 1260s.

Higher prices come if/when we clear/break 1306 on gold and on silver we break/clear 18.07 Miners look to be ok as well. STill in up trends but as with most things in the market, just continued sideways chop.

Again, this sideways chop is not a bad thing in an uptrend. This sideways chop, allows for a nice range or base to be formed and so long as it keeps breaking higher of the range/base, we will continue to see higher prices in the uptrend.

Eventually this uptrend will change in character. There will be a time when one goes to buy the dip and guess what *pooooof* you buy the dip and it goes way lower and doesn't come back for a long time.

So remember where we started this uptrend and remember how far we have come. If one continues to buy every single dip and load up more and more, the risk increases that the dip blow will blow up in your face so be careful. You have been warned.