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 Replies: 12 / Views: 1,451 |
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Pillar of the Community
United States
2120 Posts |
And start forecasting what we THINK will happen and why. I for one, saw this as a great buy opportunity and consider the sharp declines not to due to change in the factors that drove PMs up initially, but from other causes. What I see happening right now is at these prices (Around 29-$30/oz for silver and $2550-$1600/oz for gold) people are buying it up (physically) as fast as they can. In my area on Saturday Everyone was dry. Not the kind of dry where dealers are holding and say they are out, but the kind where they literally just don't have it. (I'm sure some were faking it, but the places I went are always strait up with me. So what this tells me is that there is a lot of support at these levels. I'm not yet sure how high that support goes, but given the stability we had at the $35-$40 range, I think that anything between $30-$35 silver and $1650-$1700 gold is a good buy opportunity. I see prices staying, what I feel is artificially, lower than we've seen since May/June with them picking up speed as we move out of October, with them leveling off and staying constant in November and December. It seems that a lot of people hold back purchasing during the holiday months. Come January we may see a climb towards where we were at Last month. I still see the Long term as a bull market. All the conditions that pushed prices up in the first place haven't really changed, but perceived value and actual value are very rarely in tune. Gonna be fun!  |
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Pillar of the Community
United States
880 Posts |
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Pillar of the Community
 United States
2120 Posts |
I'm still very Bullish Long term, and more so short term.
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New Member
United States
45 Posts |
Buy the dip! Its that simple
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Pillar of the Community
United States
2120 Posts |
Well I was trying to get people to engage in a discussion about the direction we're headed.
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Valued Member
United States
302 Posts |
Direction:
1) Short term = down
2) Long term = up
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Pillar of the Community
Australia
7096 Posts |
I belive the silver price is being held low artificialy somehow. The silver to gold ratio is way out of whack. I think that there are some real dodgy buggers out there manipulating the market.  |
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Pillar of the Community
Canada
1502 Posts |
Not sure how I feel about the "artificially low" silver. If, more like when, silver skyrockets, wouldn't the cost of silver-laden products skyrocket as well? Ya, i'll make some money on my silver investment, but at least a portion of that profit will go back into higher prices for solar energy, biomedical devices, cars, computers, anything electronic, ....
Starting to feel rather complicated by the shinier white PM
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Valued Member
United States
458 Posts |
I bought a few ounces just to add to my collection. When the next pay check rolls in, I will have to see if Silver is in the 20s again!
Hopefully it will not move up too fast, because I enjoy winning auctions by a few cents and making those other Ebayers angry ;)
But as to what will happen in the future, I think after this big dip last week, the only direction Silver can go is up up and away!
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Pillar of the Community
United States
1418 Posts |
I'm happy it's down, and would like it to go down a little more. I'm taking this chance to complete some of my Dansco's.
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Pillar of the Community
United States
931 Posts |
Silver up almost three bucks. The window may be closing up for now.
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Valued Member
United States
302 Posts |
Quote:
Silver up almost three bucks. The window may be closing up for now. There is a LOT of resistance starting about 34 and lasting all the way to 38. At this point I don't see any way that silver can get to 38 on this bounce. I would guess that 35 or so is the highest it will go before we see another pullback. And my GUESS is that tomorrow will probably be the high for this week. |
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Pillar of the Community
United States
830 Posts |
Short term I'm Bullish on Gold, Bearish on Silver Long term I'm Bullish on both. My 2 cents.  |
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Replies: 12 / Views: 1,451 |
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Posted 09/26/2011 6:13 pm
