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 Replies: 48 / Views: 4,952 |
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Pillar of the Community
United States
5832 Posts |
Joe,
Is that you coming out of the woods!?
Edited by macmercury
08/04/2011 8:14 pm
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New Member
32 Posts |
All these people pretending that silver will hit $50 again. My question to them is why didn't you sell when it already hit $50 instead of waiting to buy it when it is on this downward climb.  It hasn't been anywhere near back to that level and it is highly unlikely that it will climb up to it again. |
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Pillar of the Community
United States
3670 Posts |
Well we know one thing for sure, if silver drops Monday we will never hear the end of it from JOE316. He will spend most of the day posting about what a genius he is, and what idiots we all are for be foolish enough to believe in silver, lol....
But if silver takes off, all you are gonna hear from Joe's neck of the woods, is the crickets....
Edited by Silverhawk74
08/06/2011 11:21 pm
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Pillar of the Community
United States
1391 Posts |
The real question is if joe316 has convinced silverhawk74 to change his name. It's just silver. After mine dropped like a rock the other day I put all mine in a big pile and ticked on it, then made a bird bath out of it. He made a believer out of me.
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Pillar of the Community
United States
667 Posts |
It hasn't been anywhere near back to that level and it is highly unlikely that it will climb up to it again.
I don't have a problem with an opinion. But when you take every thread here to say the sky is falling you would think you would offer a clear road map to your thinking.
Taking a wide guess gives you 50-50 opportunity to be correct.
So if your right n Monday nice guess after all you keep saving it will drop like a rock you have to hit it one time.
But lets say it hits over $41 again then were you right or wrong even if it does drop or stay the same for a week or two?
If your not a Silver fan then start a thread explaining the facts on why silver is the worse thing to have in your holdings.
Edited by mkfarm
08/07/2011 7:02 pm
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Pillar of the Community
United States
5832 Posts |
Gold is up $26+ from Asia/Europe as I checked on Kitco site. Silver just slightly climbing.
Asians prefer 24K solid gold rather than silver. This is going to be very volatile till the end of this year.
I still stand by my prediction of $2,000 gold by year end from my other posting.
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Pillar of the Community
United States
931 Posts |
I'm with you Mr MacMercury. And I'm not selling at $2000 either joe. Not selling my silver until $120. That's the name of that tune jack.
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Pillar of the Community
United States
2734 Posts |
One thing bolstering gold spot price right now (as opposed to silver) is that the big banks (China, Korea) are buying gold, not silver. The higher gold goes, though, the more out of reach it becomes to ever-increasing numbers of people. $2,000 gold could be a benchmark for silver. The more buyers are priced out of gold, the more demand for silver as a safe-haven, and as a hedge currency in case of hyperinflation. Let's face it, 1 oz. gold coins are not very practical for use as hedge currency...  Even tenth-ouncers are pushing it. Junk silver Dimes and Quarters are the perfect hedge currency. And I didn't even get into the physical shortage of silver vs. gold, silver's more non-recoverable uses, and silver's far more numerous industrial uses... Quote:
junior e Not selling my silver until $120 The 1980 Hunt Brothers peak was approx. $130/oz. in today's Dollars. We still have a way to go. I've previously posted that if silver exceeds the Hunt Bros. peak adjusted for inflation, the arguments for selling become much stronger. If silver was at the classic "16 to 1" ratio, it would be over $160/oz right now. Even a more moderate 32 to 1 ratio would have silver above $80/oz. Quote:
joe316 That $41/Ounce that was paid isn't sounding so good with the current price being $38.95/Ounce. Nice investment. Obviously, you didn't check the stock market last week. Most stockholders can only wish they lost just 5% last week as silver did. Silver can easily gain that 5% back in a week or two. The Dow? Not so much...  Edited by DNA
08/07/2011 7:38 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
Well we know one thing for sure, if silver drops Monday we will never hear the end of it from JOE316. He will spend most of the day posting about what a genius he is, and what idiots we all are for be foolish enough to believe in silver, lol.... Internet Rule #1: Don't Feed the Trolls! |
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Pillar of the Community
United States
830 Posts |
Edited by GoThunder
08/07/2011 8:17 pm
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Pillar of the Community
United States
931 Posts |
That's my reasoning for $120. I was around when the Hunt Brothers did their thing. At the time I was putting my savings into CD's yielding 17% APR instead of gambling on the PM markets. We don't have that investment option anymore.
Edited by junior e
08/07/2011 8:20 pm
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Pillar of the Community
United States
5832 Posts |
Troll Spray.  Unfortunately, Pre-Market condition for the stock market isn't good. -170+ now. That's more than the reason to diversify. |
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Pillar of the Community
United States
2049 Posts |
Quote:
Silver dropped like a rock today. That $41/Ounce that was paid isn't sounding so good with the current price being $38.95/Ounce. Nice investment. This coming from a guy who said silver wouldn't hit $41 again for 20 years and it did within days. Nice work Joe! By the way, silver is up in overnight Asian markets to $40.35/ounce. OUCH! |
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Pillar of the Community
United States
3670 Posts |
Well, about 3 hours into the Asian market, and silver has climbed a few cents shy of two dollars so far, an gold is firtin with 1700.... Joe sent me this video to help back up his view on the forever falling silver market, and asked if I would post it for all to help express his views on the early start to the week for Pm's.... http://www.youtube.com/watch?v=K8E_zMLCRNgEdited by Silverhawk74
08/07/2011 9:42 pm
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Pillar of the Community
United States
2734 Posts |
I'm actually very surprised silver didn't end up past $40/oz. today. But I know gold is king for the moment, thanks to the big central bank buys and basically everybody on Earth (including myself!) believing gold will hit $2000/oz. in short order. It's what happens after gold hits $2K that interests me. That's the point where I think silver will gain serious traction. Edited by DNA
08/08/2011 8:37 pm
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Replies: 48 / Views: 4,952 |
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Posted 08/06/2011 7:41 pm
