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 Replies: 45 / Views: 6,760 |
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Pillar of the Community
United States
511 Posts |
The past few days have been a wild ride, so what do y'all expect the silver spot price to be on July 4, October 1 and the end of the year? Here are my numbers.
July 4 - $38.80
October 1 - $43.50
December 31 - $51.25
Moved to Bullion forum - Sap
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Valued Member
United States
286 Posts |
me thinks you are spot on!  |
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Valued Member
United States
361 Posts |
July 4th-$35.88--Oct 1st--39.50--Dec 31st--$60.00
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Pillar of the Community
United States
1388 Posts |
I think it will slow to $44 by the end of the year, maybe  . Watching, I will be ...  |
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Pillar of the Community
Australia
3831 Posts |
What's more important is how high oil prices hit first. Mining heavily gets affected by oil prices and when oil gets too high, I think you'll be spending more money on buying food and travelling to work. Another wave of recession coming up when oil hits 150usd/barrel. No point talking about high metal prices when you can't afford your daily necessities.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
United States
3077 Posts |
july $27 oct $31 dec $38 Edited by yotie
02/20/2011 07:47 am
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Valued Member
Canada
442 Posts |
Hoping it stays under 35 til july.. need to stack more!
october 50
Decemeber 75!
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Pillar of the Community
United States
2424 Posts |
ok this info is only regarding a correlation with the spot price of silver and the price of gasoline in 2008 when gas prices here in SoCal hit $4.69/gal:
spot prices taken from kitco historical charts. I found some receipts I saved here goes:
Gas Silver
03-22-08:$3.49 17.50/oz
03-30-08:$3.65 18.00/oz
04-16-08:$3.73 18.00/oz
04-26-08:$3.86 16.75/oz
05-24-08:$4.15 18.00/oz
06-08-08:$4.49 17.50/oz
06-14-08:$4.69 16.50/oz
06-28-08:$4.69 17.50/oz
07-23-08:$4.33 17.50/oz
08-13-08:$3.77 13.75/oz
09-10-08:$3.69 11.00/oz
11-17-08:$2.23 9.50/oz
11-27-08:$1.79 10.25/oz
so what does this tell us? I really do not know for sure. I am not expert on these matters. I just wanted to see if the oil/silver prices had a direct correlation to one another. and from the time I pumped gas 3 years ago, it did not seem to spike the prices all that much. in fact it actually dropped a little at times. again, this data is by itself. I had more receipts from the year before (2007) if anyone wants me to put those numbers in as well.. hope this information can shed any light on our current situation.
another thing that was interesting to look at was the spot price when the recession hit it early 2008:
going into 2008, the market was heading toward 14k the spot price out of December 2007 was 14.75/oz, nearing 15.00/oz. in March 2008 silver had climbed WITH the stock market to 21.00/oz! then on march 19, it dropped to 17.50/oz and stayed around the 17-18.50/oz mark until in mid August it started to drop steadily to under 9.00/oz in October!
so, watching the price of silver do what it did that year and with the market the value of the dollar and gas prices, I don't know what to think! I'm sure if someone looked at the value of the dollar during those months things may look a little clearer. but again what I don't understand is that when the market crashed, the dollar did as well, but we also saw the price of silver plummet as well. hmm makes you wonder...
Edited by SDcoinguy
02/20/2011 11:30 am
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Pillar of the Community
Australia
3831 Posts |
Not really the best way to grab figures from receipts as oil prices are quoted by different markets. In Europe, it should be the Brent, Asia-Pacific Singapore and in the US West Texas Intermediate (or something). The prices that you get from your gas station is additional cost after refinery cost and possible subsidaries, tax etc so it's difficult to get good figures. Mines would have a different pricing contract.
Here's some figures that might interest you - there's a gold-copper mine I have visited in New South Wales that are estimated to use more than 5-7 million liters of fuel. This is because they are used to power dump trucks, excavators, explosives and so forth. Can you imagine how much 10 cents or 1 dollar increase mean? It automatically increases the production cost quite dramatically. Try reading production figures from mines of what they use and produce. They will suprise you.
Not a fan of investment talks as there's other worrying things to deal with such as dramatically rising food prices. Might as well start up a farm - afterall you can't live without food.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
United States
1450 Posts |
I think there are a couple of things that will determine the moves in silver,1)if the Congress raises the debt ceiling or not and 2) whether we see QE3 or not when QE2 ends in June. The silver and gold prices are really about inflation and protection from inflation. Until we see how those things play out,it is difficult to make a reasonable guess. That being said,I think silver will reach $50 by years end.
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Pillar of the Community
United States
3670 Posts |
I am with Vinnycoin, hoping it stay sub 35 until more can be compiled. I think personally it is destine to exceed fifty by years end, based on the statements from much wiser more educated/experienced people than myself, and my dad always said...."If you wanna be an expert or success in a particular filed, get with someone who already is an expert, and do exactly what they do."
The ol man does not think I absorb any of the advice, but I think those are words to live by....
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Valued Member
Canada
442 Posts |
WOW.. just about to hit 34 this morning!
Not yet, delay the rocket launch! I don't have my space suit on yet!!
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Pillar of the Community
United States
3592 Posts |
Quote:
I am with Vinnycoin, hoping it stay sub 35 until more can be compiled You guys have had years to compile...kinda late now  |
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Pillar of the Community
United States
3670 Posts |
Never to late, just gonna have to fork out a bit more per ounce now, I will make it happen. I am up to 46 oz now, as I added a 5oz 35th anniversary NASA first man on the moon coin last night. Seems like the NASA stuff gets looked over, but I will always be a fan of the space program.... I am thinkin a bit bigger now than one oz coins, as time is a major factor, so one can really can add up at 5, 10, or even 16 oz at a time. I really would love to get one of those 700 dollar 16 oz Lady Liberty proof coins next, but I am gonna have to save for a month plus to make that happen.... http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:ITEdited by Silverhawk74
02/21/2011 2:02 pm
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Rest in Peace
United States
9104 Posts |
what will you do with a 16 ounce bar @ $100 silver? I had a wannabe silver "investor" who wanted to know if we have ΒΌ oz rounds, because oz rounds are so expensive.
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Pillar of the Community
United States
3670 Posts |
That is a great point biggfredd, perhaps there is a fine medium there I should consider, as at a 100 an oz, a 16 oz coin would be worth say 1800, 200 over spot value via being a Lady Liberty, that is roughly what the 2 guys with them for sale on ebay is trying to get, as I don't what silver closed at today, but say 33 an oz, would be 528, so they are trying to get 178 over spot value.... Yeah, may take some time to move an 1800 dollar 16 oz silver coin.... Edited by Silverhawk74
02/21/2011 8:43 pm
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Replies: 45 / Views: 6,760 |
Posted 02/20/2011 01:47 am
