OH The Humanity!

...........OH WOW !

Glad I just buy for the long term.........and have NEVER sold a coin in my life.....nor do I ever intend to !!......

I'm just waiting "for the prices" to go down as well !!>.......
...

I'm still not convinced any of this is driven by fundamental demand, versus some impermanent liquidity-driven run.
If I were to guess, I'd say that silver is simply returning to more historic fundamentals.
My bubble benchmark--the retired schoolteacher who bought 500oz from my local dealer friend, is now off $3485.

I have been considering this as well. IMHO, it is a very real possibility that "peak oil" will happen sooner rather than later. I encourage everyone to research this, especially the opinions of T. Boone Pickens, and form their own opinion.

Copper is doing poorly as well. The copper cents that used to be worth 2.6 cents are now struggling to maintain 2.1 cents. -PP

Yea, and look at it compared to gold, much bigger drop. (I am still in the black on my gold... for now)




This is possible, but OPEC has a tendency to try and drive oil prices way up and wait until we drop billions on alternative energy research, then they increase production to drive the prices back down and all the research into alternatives is halted because it is suddenly more expensive the oil... (see fuel crunch, 1970's)

Also, I see silver prices rebounding some in the next 4-6 months. Historically metals tend to pull back around early spring and early fall, then recover in the winter and summer.

Thanks for bringing that to my attention. Been so busy with other stuff hadn't even thought about it.

It is a game of chance and long term folks. I own very little gold. Last purchased at $600 an ounce but the silver/gold ratio was about 45/1 so I sold silver at $13-14 an ounce for gold.
The silver I dumped was purchased at $5-6 so I did well.

Now the ratio is nearly 70/1. Just might have to dump a bit of gold to convert back to silver. May actually make that junk silver as well.

Where's that darn crystal ball!?!

Well look at platinum! I remember when it was over 2000 now its under 1200.. Palladium has also took a big plunge. Most people don't know of this metal but Rhodium is falling fast to fastest of all the metals I think. on a 60 day chart it went from 956.00 per ounce to 3900.00 today's price. I actually think gold has held its value the best even though it dropped. I am excited silver is down b/c now its by time. I just purchased some silver maples tonight! Don't look at it as a lost look at it as a gain it will go back don't know when but it will go and if you still have yours you will be making out.. I mean people are so in a hurry to get PM's that they are still paying around 20 an oz. so With that said just hang in there

It was a different scenario. That's definitely a factor, but the idea behind peak oil is that oil production will physically PEAK, meaning that demand will be higher than production, and will keep growing. Apparently we're extremely close to 100% production (and have been for several years), and historically, this has never happened. 90%, yes, but I don't believe we've ever had 99%. Also, tons of these arab countries tend to exaggerate reserves.