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 Replies: 10 / Views: 1,962 |
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Pillar of the Community
United States
1454 Posts |
I'm trying to get a feeling about where silver and gold might go from here. Ever since we left the silver teens back in 2010, I've been hoping we'd eventually re-trace to similar prices. But after the $50- 2011 highs, it seemed like a pipe dream that silver would ever get that low again, short of a full-fledged economic collapse or "true" dollar recovery. But with silver briefly hitting $22.99 today, it got me thinking about sub $20 silver and sub $1000 gold. Is it more likely that silver shoots back up to $30 this summer or that it tests sub $20 in the coming months? I'm well aware that no one knows for sure, but what's the general feeling? Are you guys holding off on large PM purchases to see if the market continues the downtrend or buying everything in sight?
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Valued Member
Canada
312 Posts |
As I said in the other thread......24 months from now......Gold= $800 ounce,silver=$13 ounce......she's droping like a Rock boys,get out while you can!
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Pillar of the Community
United States
3453 Posts |
Get out? I can't wait to get in!  |
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Pillar of the Community
Canada
834 Posts |
Get out! More like buy and flip, buy and flip! I'm averaging $47 a oz on this dip! Selling a few hundred oz and making a killing. In times like this ebay is your friend |
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Pillar of the Community
Canada
2805 Posts |
Now that silver's under $24 (in a few months this post will be hilarious) I can negotiate down from my dealer's ridiculous 28x face for American 90%. >:D
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Valued Member
United States
306 Posts |
Quote:
Get out? I can't wait to get in! Ya that!  |
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Pillar of the Community
United States
2120 Posts |
I'm treating this as a buying opportunity.
This drop is purely emotional panic selling.
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Pillar of the Community
United States
1088 Posts |
I agree with Namachieli, I went out and bought today. I know by the end of the week, if silver drops to around $20 an oz, no local shops with be selling or they will be out. I bought today when silver was just under $23 an oz and paid $2 over spot. I was not able to buy as much as I wanted to, school loans are horrible! I was jealous of those at the lcs that were buying tubes of rounds or 10 oz or 100 oz bars. Most lcs around me are saying they are out because they do not want to sell so low or saying that they froze their price at $30 an oz. I was excited to be able to get what I did.
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Valued Member
United States
493 Posts |
The news channels have been talking about gold being out of favor for the last two weeks, then late last week, it started dropping and could not recover today. If we stay at these prices for a while I'm sure the buying will continue unabated, but people would settle down a little eventually - like we always do.
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Pillar of the Community
 United States
1454 Posts |
Silver down nearly a $1, today. The question is, will we see sub $20 AG before it recovers to $30 again? My guess (being ever the optimist), is a resounding YES!
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Pillar of the Community
United Kingdom
548 Posts |
Just look at a graph for the last 12 months and you'll see the trend for both silver and gold has been downwards since October 2012.
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Replies: 10 / Views: 1,962 |
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Posted 04/15/2013 1:06 pm
