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Dalsuh
Penny Hoarding Member
USA
757 Posts |
 Posted - 10/18/2009 : 22:32:55
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Any "chart" people know how silver will perform for the rest of the year? Seems like their is a resistance at $18, I don't know if that makes sense or not  .
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/19/2009 : 03:06:18
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Of course there is resistance at that level.. it makes perfect sense. Resistance can be overcome.
Hmmmm.. let me check my charts and see exactly how silver is going to perform over the next 10 weeks so I can plan my buys and sells. Darn.. the dang charts only show what has happened.. not what will happen. And remember kiddies.. past performance is no indication of what may occur in the future. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 10/19/2009 : 05:06:08
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| i read ed steer's daily column on caseyresearch. he and silver expert ted butler basically believe the chance of lower prices at somepoint between now and the end of the year are about 50/50. he's talking about maybe $12 silver. I'm paraphrasing on the price and the odds but that is how i read their statements. By the end of march both probably expect it much higher - probably 25 at least. but those are just educated guesses. the important thing is that the price is likely to go both up and down, or vice versa. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/20/2009 : 06:32:52
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| My charts are "telling" me that there is a 100% chance that the price of silver will fluctuate. |
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tmaring
Penny Collector Member
USA
302 Posts |
Posted - 10/20/2009 : 08:59:58
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I'm in the mining/exploration business. I can show you millions of ounces of gold in the ground right now just waiting to be mined. You can buy it in the ground for $20/oz! I CANNOT show you anywhere near an equivalent value in silver in the ground. Silver does not form those huge low-grade deposits like gold does... it is either concentrated in veins or else it's dispersed in base metal deposits. Therefore the supply/price elasticity of silver production is very low. And only something like 10% of all the silver ever mined is still available to the market... most has been vaporized or used up in industrial processes.
I personally think that as the dollar is dethroned gold could go to $5,000 within a year... which is good, but silver could go to $500 in that same time. Check this:
You must be logged in to see this link. |
Tom Maringer
Shire Post Mint
Springdale, Arkansas |
Edited by - tmaring on 10/20/2009 14:54:37 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 10/20/2009 : 10:57:20
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USD depreciation/appreciation is the key for determining PM price trend. While resistence seems to be $18, strong support for SILVER is $16.
I think SILVER will be at fresh new highs by the end of the year. Watch our US government spend big bucks over the next few months.
I don't see the $USD moving higher. In fact, the dollar index is around 75 currently. The previous low of 71 could be tested or broken soon.
Let's say the dollar index goes to 65 sometime soon. That would be a 13% depreciation of the USD from here. GOLD would rise an additional 13% to $1200 an ounce. SILVER should appreciate twice as fast as GOLD - 26% to $22.50. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 10/20/2009 11:08:40 |
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country_bumpkin
Penny Sorter Member
USA
86 Posts |
Posted - 10/20/2009 : 13:00:42
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quote:
Originally posted by tmaring Check this:
You must be logged in to see this link.
I tried the link, but it doesn't work.
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“He who goes a-borrowing, goes a-sorrowing.”
- Benjamin Franklin |
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tmaring
Penny Collector Member
USA
302 Posts |
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country_bumpkin
Penny Sorter Member
USA
86 Posts |
Posted - 10/20/2009 : 21:38:09
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Thanks.
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“He who goes a-borrowing, goes a-sorrowing.”
- Benjamin Franklin |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 10/21/2009 : 05:22:19
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| My guess...Silver at 18.50 by Oct 30th. Then a pull back to 17 by mid Nov. |
You don't have to be the BEST you just have to be.......SLICK
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 10/21/2009 : 10:52:37
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| When do you think the silver:gold ratio will correct to its normal historical ratio? Isn't the normal historical ratio almost 30:1? Isn't the current ratio 60:1? If you believe in the historical ratio, either silver needs to increase significantly or gold would need to fall significantly. Silver would have to increase to the mid to high 30's per ounce to be 30:1 to the current gold price. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/21/2009 : 13:20:07
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quote:
Originally posted by PennySaved
When do you think the silver:gold ratio will correct to its normal historical ratio? Isn't the normal historical ratio almost 30:1? Isn't the current ratio 60:1? If you believe in the historical ratio, either silver needs to increase significantly or gold would need to fall significantly. Silver would have to increase to the mid to high 30's per ounce to be 30:1 to the current gold price.
Look for the gap to close to 10:1 and possibly even 1:1+ over time. Perhaps the Dow, gold, and silver can all meet up somewhere between 5000-6000. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 10/21/2009 : 16:07:33
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i have read butler's comments about silver and gold trading at parity some day. i think its possible and i think the ratio falling back to the historic norm of 16 to 1 is even more likely. I think the odds of this happening within a year are extremely small. now, if the position limits disrupt the manipulation as butler explains is possible, silver could triple in a week. however, the manipulators are not fools and likely will have another trick up their sleeve.
as for a fall below resistance at $16, understand that the market is manipulated and those doing the manipulation are well aware of the technicals and where they need to get the price to trigger a breakout. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 10/21/2009 : 18:08:27
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| I wonder what the premiums on physical will be if silver suddenly drops to $15-$16 or lower. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 10/25/2009 : 20:11:01
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| When silver "fell" during last Fall's debacle, it was still selling on ebay as if melt was $13 or $14; people knew it was going to go back up and were willing to pay that price. There weren't any bargains to be found. If it takes another big plunge as happens periodically, lasting a week or less, hit up APMEX for some more. As for parity, anyone who reads Butler and Morgan realizes above ground bullion available for investments purposes is five to one in favor of gold. Silver is MUCH scarcer than gold and the price will eventually reflect that. In ancient Egypt silver was the more costly of the two. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 10/30/2009 : 12:53:07
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quote:
Originally posted by slickeast
My guess...Silver at 18.50 by Oct 30th. Then a pull back to 17 by mid Nov.
Man was I WAY off.
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You don't have to be the BEST you just have to be.......SLICK
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Silver prediction
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