| T O P I C R E V I E W |
| kieblera5 |
Posted - 07/02/2008 : 12:40:29
With copper today reaching over the $4 mark and silver at $18.32, how many people think that the price of metals will continue to climb. Over the last couple of days, prices have increased, but last time the silver price hit $20, it fell over a dollar in one day and even further the next.
So, how high do you think the prices will get on this uphill push? |
| 5 L A T E S T R E P L I E S (Newest First) |
| horgad |
Posted - 07/02/2008 : 21:27:03
quote:
Originally posted by fb101
Checking my Kitco tech chart, I see a double bottom on silver withthe second bottom being a short head and shoulders type. Strong signal that we should at least be solid here, although it may yet take a while for a real break to the upside. Concur Horgad? I see > $20 solid by October.
Pretty much the same thoughts here. Historically, summers are not the best time to own PMS, but the charts are pointing to a retest of the highs for both gold and silver. So by September/October we should see some good action and with a little luck a break out to new highs. |
| fb101 |
Posted - 07/02/2008 : 20:41:27
Checking my Kitco tech chart, I see a double bottom on silver withthe second bottom being a short head and shoulders type. Strong signal that we should at least be solid here, although it may yet take a while for a real break to the upside. Concur Horgad? I see > $20 solid by October.
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| wheeler_dealer |
Posted - 07/02/2008 : 20:26:17
Copper should stay strong as there are copper mine strikes. IMO silver still has room to go and may hit $20.00 again soon and if it pushes past and holds I don't think it will see these sharp pull backs like before as the fundamentals are still strong on the upside. Look for gold to test $1000. again soon as world inflation increase and we all continue to be squeezed by high oil . Buy and hold. People are selling at these prices and refiners are buying it as much as ever. As more disappears from the public and is resold at higher prices, more support is added to the existing prices. I think $21.00 silver and $1000.00 gold will be a bargin by fall. |
| PennehChaos. |
Posted - 07/02/2008 : 15:29:06
Depends on what kind of timeframe you're talking about... |
| horgad |
Posted - 07/02/2008 : 13:17:36
Chart wise:
Copper is at a critical juncture here. Either it hits a wall at the resistance around $4.00 or it breaks out into new territory and the next leg of the bull market begins. The jury is still out.
Gold has put in a fairly solid bottom, but it may or may not base for a while longer before breaking out to the upside.
Silver is pretty much the same as gold. It looks like the bottom is in, but no telling if it will continue to base for a while longer or if it ready to make another run at the highs right now. |
