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 Replies: 70 / Views: 5,353 |
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Pillar of the Community
United States
667 Posts |
Look I am not sure where silver is heading. But we had more than a few people doubting where it would go. We had two smart people that warned members that Silver would not reach $41 dollars again this year. In fact they warned of a fast drop to $22.
As it sits right now SILVER is at $42.15 and climbing.
Will it hold, climb or fall. Even I don't know that but the new things that keep popping up and the fear in the world my signs said it would hold or climb slightly.
So will they now come to this thread and admit they were wrong and don't understand this market any better than most people? After all silver hit the mark of $41 and they said with no reservations it would not.
How many people did they scare, how many people sold, how many people didn't buy?
Now like I have said it is important that you get and understand information from many sources. Then at best you are still making a speculation that the price will go up or down.
I hope it holds for awhile, I don't like to see the price so jumpy. It if goes down I will buy more. If it goes up I will buy in moderation. When it hits my personal mark I have to make a decision to with my silver.
Edited by mkfarm
08/19/2011 07:23 am
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Pillar of the Community
United States
931 Posts |
I think whether it takes two days or a month silver will revisit $50 and stay there for a while. I can't imagine how it felt to look at one of those beautiful ASE's and know that you had only paid $6 for it. Mkfarm, if silver hit $100 would you cash in and retire or just stack it all up and smile while contemplating your wisdom and foresight? |
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Moderator
 United States
14463 Posts |
I am not concerned with current spot prices. I don't have enough silver (even less gold) where changes of a few dollars would matter much. I currently have silver as a safety net, rather than an investment.
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Pillar of the Community
 United States
667 Posts |
I don't know what I will do but it is tempting. I was lucky as a kid and liked the shiny metals and instead of going to McDonald's I spent my extra money on PM's. I just keep buying every month and every year and everything kept adding up. The market has went through more than a few bad days or flat days. But I have never seen such a bull market as this, it is different. It is even scary as I don't know what the next day will really bring. I also put some money into my 410K, Now I have money in cows too.  It was luck and a understanding that when I formally retired or reach that magic age Social Security may not be there. In my wildest dreams I never thought Gold or Silver would be such a windfall but again I started this trip 29 years ago. |
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Pillar of the Community
United States
5832 Posts |
My original thought gold going to $2,000 year end.
Silver at best $48 year end.
The bubble is inflating faster at normal rate and so does our USD, but my plan is to sell SOME at those level and not contemplating whether PM will go for the next higher level, if it drops to $1600, I am ready to pick up a few more oz. And if silver goes under $39, the same.
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Valued Member
United States
362 Posts |
That's the thing about today's world, and speculation. With the internet so readily available its so easy to voice opinions. I see so many posts here with articles form the past saying the will do that, or this will reach this. And many of the responses saying "Man I wish I would have listened!"
But the truth is, no matter the time, you will have arguments saying silver/gold is going to go up, or that silver/gold will be going down. I guarentee you that you can find articles with some vald research saying that gold will continue to reach all time highes, and just as many saying gold is heading for a large decline...
It can't be helped, and I do enjoy hearing opinions for both cases. The only thing that irritates me, and I saw this recently, is when someone makes a post stating they just bought some new silver that they love, and someone said "You shouldnt have done that because silver is going to drop", or something along those lines.
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Pillar of the Community
United States
931 Posts |
Nobody knows what tomorrow will bring. I remember when I bought about half of my gold at $700. I was very unsure and kicking myself because I could have bought it in the $500 several weeks earlier. I thought, with my luck it will crash now. But I had absolutely no faith in the US dollar long term and that's why I still won't sell at $2000. What would I buy? Dollars? Everything is speculation, and if you listen to the experts gold is ready for a big fall, but I think they have a stake in people jumping out of gold and into equities.
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Pillar of the Community
United States
1064 Posts |
The term 'crap shoot' comes to mind  |
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Pillar of the Community
United States
5832 Posts |
Quote:
"You shouldnt have done that because silver is going to drop", or something along those lines. You mean JOE. I haven't heard from him for a while, but I think he's waiting at the picket fence for prices of PM to drop like stone. |
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Pillar of the Community
United States
3670 Posts |
Ol Joe, settin under his bridge somewhere, in a pile of Joel troll  . Just waitin to strike back. He will have his day, he will I say! For now he waits  , and watches  and waits lol.... Edited by Silverhawk74
08/19/2011 11:40 am
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Pillar of the Community
United States
1150 Posts |
Well, as far as I know, there still isn't a person alive who can see into the future.
I will say, however, that anyone who says silver is going down into the $22 range is crazy.
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Pillar of the Community
United States
1150 Posts |
I love this forum, and I spend a little time here when I can. Apparently not enough, however.
Who in the world is this JOE guy I keep reading about? LOL
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Valued Member
United States
63 Posts |
With gold so high, silver should be at $60.
the BIG Dogs must have sold all their silver at $48 & now using $ to
Buy gold
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Pillar of the Community
United States
667 Posts |
Where is Joe?  Hey Joe made a hard line statement and I know he is a good person and will explain why it hit the $41 mark again even though he said it would not. However he can not earn a win even if it does hit the $22 mark some day. The day is still young and at over $42.41 will that even hold? At least everyone has an opportunity to sell at this price if they choose. It sure beats selling at $22. |
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Pillar of the Community
United States
3294 Posts |
I would love to see silver at $22. Do I know when that will happen? No, but I don't think it is sustainable where it is now for the long term. Only time will see if I am right or not and for all I know, it could go up to $60.
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Pillar of the Community
United States
802 Posts |
I am confident Silver will grow by year end. The U.S. and other countries aren't figuring anything out, they are just hiding the facts temporarily. Sooner or later (within 1 year) gold will be over $2,000 and silver will be over $50 again.
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Replies: 70 / Views: 5,353 |
Posted 08/19/2011 07:14 am
