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 Replies: 11 / Views: 1,883 |
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Pillar of the Community
Canada
2495 Posts |
Slightly coin related as the time seems right for a substantial increase in the PM's.
What say you?
*** Moved by Staff to a more appropriate forum. ***
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Valued Member
Canada
299 Posts |
I doubt if either will substantially take off until paper gold and silver via the COMEX and other exchanges goes to $zero$. Metals appear to be chained to paper. But, what do I know? :)
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Pillar of the Community
Canada
1192 Posts |
IMO we're just starting a slow, but accelerating, long term increase in PM prices.
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Valued Member
Canada
158 Posts |
I would like to think it is about to go up......but I think I can accurately predict the price as well as any of you can.....or any other expert. Studying charts, following trends, etc none of it really means a whole lot. I have seen the "experts" fail with their predictions numerous times. It will do what it will do. Stick with fundamentals, follow your gut, and never spend more than you could stand to possibly lose if it crashes. We'd all love to see it spike, but nobody truly knows what it will do. All I know is I love seeing a pile of shiny stuff!
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Pillar of the Community
Canada
3692 Posts |
OP: What makes you say that, specifically?
I think a lot of people are disheartened with silver and don't want to relive 2013 again.
Everyone who has posted so far is Canadian. But I say that you guys are looking at the price in Canadian dollars, which is crazy-low compared to last year. It's at about 90 cents when it used to trade at par not very long ago. Accelerating price or decelerating currency? Which is weird because the Canadian dollar (or at least the banking system) has been touted as being more stable than the US counterpart, so there's an angle for you there. I think the only people that need to care is people who buy "junk" silver coins.
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Pillar of the Community
United States
4233 Posts |
All I know is that I've been casually looking for better 1944 & 1946 50 cents on ebay for the past couple weeks, and every TPG-graded MS+ coin is BIN above trend plus shipping. I don't know if it's related to this topic, bad timing on my part, buzz from the new varieties section in Charlton, or what. |
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Pillar of the Community
 Canada
5394 Posts |
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Bedrock of the Community
13014 Posts |
Quote:
I doubt if either will substantially take off until paper gold and silver via the COMEX and other exchanges goes to $zero$. Thats the only reason it didnt crash harder than it has. Without that you could probably cut the prices in half as the paper market has given it life when it falls. |
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Valued Member
United Kingdom
183 Posts |
at least one miner producing 600k+ ounces per year has all in cost per ounce of ~$1200.
if they are a good respresentation of the miners then the gold price should
go up in the long term. gold have been climbing recently, but I still believe short
term rises to $1400+ are less likely (not all the data are in yet though)
HH
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Pillar of the Community
Canada
746 Posts |
Lots of resistance ahead, so hard to tell. Ironically, bitcoin crashed substantially the last couple of days as gold moved up.... Could there be bitcoin-for-gold traders out there?  |
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Pillar of the Community
 Canada
2495 Posts |
Quote:
OP: What makes you say that, specifically?
I think a lot of people are disheartened with silver and don't want to relive 2013 again.
First of all, the conditions why Gold went up from the years of 2000 to 2011 haven't changed. In dfact, they've gotten worse (favourable for gold). Secondly, we've had a downtime in gold for three years now and I just think it's time for the bull market to continue. Thirdly, Gold and silver sentiment is at an all time low. What do the financial gurus say when a stock or a commodity is at an all time sentiment low? It's not difficult to guess. Edited by doubleeagle59
02/11/2014 8:58 pm
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Pillar of the Community
United States
1200 Posts |
 I think we need more threads to beat this already dead horse to death. |
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Replies: 11 / Views: 1,883 |
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Posted 02/11/2014 4:35 pm
