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 Replies: 27 / Views: 4,699 |
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Pillar of the Community
United States
586 Posts |
Gold target of US$900 is a measured move since it broke below a descending price channel. The thickness of the channel is about 200 US$, and the breaking point was about 1100 US$. If assuming a GSR of 69, this means Silver US$13. Since the technical analysis was conducted in a weekly chart, the time line to reach mentioned target is projected to be several months (no more than half a year). In summary, the best time to stack turn out to be Thanksgiving Day, again.  |
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Pillar of the Community
 United States
586 Posts |
For silver stackers, it is probably a good time to start when spot falls below US$14. It is very possible that when spot goes to US$13, the premium might be sky-high already. So between 13 and 14, if you can find a good deal, then load up your wheelbarrows.
For gold buyers, it is still too early to buy. Have some patience.
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Pillar of the Community
United States
2189 Posts |
The only problem loading up the wheelbarrow is you might be pushing it around for the next 20 years without any price increase.Yes! silver has come way down since it peaked in 2011 all the way from $48.00 too $14.60 today.Don't get me wrong I love silver but haven't bought any in at least 2 years.In fact the last time I bought silver was at $36.00 & the last of my silver I sold (5oz kitkat bar) on ebay for $220.00 I look at silver prices daily & keep thinking when it hits $30 I'm a buyer when it hit $20 I'm a buyer, when it went below $15 recently I'm a buyer but haven't bought 1 oz yet. Why not you ask? Because I don't want to push that wheelbarrow around for the next 20 or 30 years. Look at historical charts for the last 50 years.90% of that time silver did not move one way or another.I'm sure I'll buy some small bars as a novelty soon but definitely will not load up the wheelbarrow. I'd hate to think I paid $15 an oz and in twenty years it's worth $12 an oz Again look at historical charts on silver. I could be wrong but I'm not willing to take that gamble. Don't mind me I'm just passing through. Edited by jasper62
07/24/2015 4:54 pm
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Pillar of the Community
United States
606 Posts |
Jasper, excellent post.
If you look at the long term charts, silver seems to be more appropriate as a hobby than any kind of investment or hedge.
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Pillar of the Community
United States
2189 Posts |
Quote:
Jasper, excellent post. Thanks Montana If anyone has a fifty year historical chart for silver prices please post it for us. Thanks |
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Pillar of the Community
United States
7390 Posts |
Here's a 100yr someone on here posted recently. Personally if it goes to near $10 +/- I wanna load up for sure.  |
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Pillar of the Community
United States
5830 Posts |
From the chart above, it appears will have to wait another 5-15 years before next rise in silver.
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Valued Member
Australia
491 Posts |
That chart puts stacking silver into a not very nice perspective.
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Pillar of the Community
Canada
2019 Posts |
Quote:
That chart puts stacking silver into a not very nice perspective. Not necessarily, if you stretch out the chart from the 80s high to where we are now and compare it to the first part of the chart you can see we are now in the last peak downward before the big upward spike to $100 and beyond. Edited by Northerncoins
07/25/2015 07:26 am
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Pillar of the Community
United States
586 Posts |
@Cascade
Thanks for the silver centennial chart. It feels that $10 silver is inevitable.
My $13 forecast seems too optimistic :-)
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Bedrock of the Community
Australia
21788 Posts |
For the chartists:
Get a 10 year graph chart, and
draw a line of best fit through the low points.
This may help to determine what the next low point may be, when extrapolating forward.
Perhaps one of us may do this and report on their findings.
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Bedrock of the Community
Australia
21788 Posts |
For the chartists:
Get a 10 year graph chart, and
draw a line of best fit through the low points.
This may help to determine what the next low point may be, when extrapolating forward.
Perhaps one of us may do this and report on their findings.
------------------------------------------------------------------------------------------------------------------------------------
Why a 10 year chart?
One of the strategies that a business may employ to justify investing in their own business for expansion,
is to examine the 10 year bond rate and decide if it may be better to 'do nothing' and invest in 10 year bonds.
That is the amount of time that can be used as a rule of thumb, in recovering your business investment against tax depreciation write off.
This strategy is known as the 'lost investment strategy'.
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Pillar of the Community
United States
4333 Posts |
Am I reading the chart wrong, or does it show close to $110 around '78-'80?
I thought the peak was around $50.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
7390 Posts |
Dirt, Thats when the hunt brothers tried to buy every ounce of silver on the planet causing that huge spike to near $100. Needless to say there was quite the melt fest going on back then
Edited by Cascade
07/25/2015 7:03 pm
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Pillar of the Community
United States
4333 Posts |
Quote:
Dirt, Thats when the hunt brothers tried to buy every ounce of silver on the planet causing that huge spike to near $100. Needless to say there was quite the melt fest going on back then I call BS. The spike was no more than $55. I was 17 and I watched it all go up, then down. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Rest in Peace
United States
17900 Posts |
Although silver and gold have always been used as a liquid measure of value in the past, many of the things silver was used for no longer apply today.
What is silver actually USED for? Other than lining your vaults...
Well, you don't need it for photography any longer.
You don't see much silver jewelry, or any jewelry that doesn't involve a spike in a painful place.
And circulating coins are all gone.
So what is silver good for? Is it used for anything?
I decided the best bet on what silver was going to do was to ask the opinion of my ever faithful and wise hound, Toby.
He says that absolutely for sure silver will be at $12.28/oz on August 16th, 2017.
He is ALWAYS right.
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Replies: 27 / Views: 4,699 |
Posted 07/24/2015 4:51 pm
