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 Replies: 10 / Views: 1,235 |
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New Member
United States
34 Posts |
Poll Question
What say you and why 
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Pillar of the Community
United States
1391 Posts |
I voted under $35. Reason? Wishful thinking? :-D
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Pillar of the Community
United States
1450 Posts |
I voted $40-45 because I think PMs are picking up steam worldwide and we are coming into the usual buying season. Full speed ahead!
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Pillar of the Community
United States
3453 Posts |
Did not go over $45 because silver seems kind of disrespected right now, but I do think it will definitely be in that range. Not a great analysis but hubby is the financial brains of this team.  |
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Valued Member
United States
302 Posts |
Voted 35-40 because I think silver will go sideways until around Labor Day, then drop. We might see 35 in a month, but I don't think so. If the poll was for 2 months down the road, my vote would have been under 35 as I believe silver is going to take a big dump after Labor Day. This could be just my wishful thinking.  |
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Valued Member
United States
257 Posts |
40-45 Europe is not getting fixed anytime soon.
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Pillar of the Community
United States
3294 Posts |
35 or lower. The faster things go up, the faster they go back down and if there is one thing I expect the 2nd half of this year it is volatility.
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Pillar of the Community
United States
667 Posts |
Ok I read the historic charts and reports. I looked at the history and the inter mix of stock prices and with the long term EFT's and mining reports.  100% sure price will be just around $40 for the next hour or so. 1% sure it will climb to $50 and 1% sure it will fall to $22. Money view of me is that I have made a ton of profit at the current price and should sell everything now. Speculator view of me is that I should get greedy and let it go up more. Long term view of me is let it ride no fear even if it drops. If this was my lunch money view of me is what the heck am I doing sell it all now. Long explanation for saying I don't see any way to provide a true answer two months down the road. |
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Pillar of the Community
United States
860 Posts |
Maybe a good time to sell 25% of your "ton of profit". Holding the cash for a month or 2 won't suffer much from USD depreciation, and possible gain deals of 10-20%+ on stocks, if they go down and you can by at post-crash values. If you wanted, you could buy puts on SLV with 5% of your ton and protect the rest of your holdings.
It use to be with the slow changes in PM prices, options were often unreasonable as they have expiration dates, but in todays market, it seems that 3-6 month options are very useful. IMO.
Jim
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Pillar of the Community
United States
4008 Posts |
I voted $40-45 because silver has been pretty steady recently and with gold and platinum prices surging higher, there is bound to be some upward pressure on the silver price as well. Of course, the CME could diddle this all up at any time.
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Valued Member
United States
397 Posts |
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Replies: 10 / Views: 1,235 |
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Posted 08/16/2011 1:54 pm
