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dakota1955
1000+ Penny Miser Member
2212 Posts |
 Posted - 12/21/2009 : 21:07:52
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Poll Question:
Being silver has not hit $20 per oz like some of us thought by now a quick poll to see what we think it will close on Dec 31 2009.
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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 12/22/2009 : 06:43:04
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interesting... but it is hard to read what people are thinking since silver is currently riding both sides of the 17.00 mark, a little bit under now, a little bit over in a minute or two... so what do the votes in those ranges mean? could be status quo votes.
I voted 16.00-16.49; and I think it will dip more in January... |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/22/2009 : 07:25:39
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| I quit buying for now I also think the price is going to drop. Save cash for when it does drop. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 12/22/2009 : 08:09:36
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The dollar appears to be stronger, but that is only because the Euro is weaker. When the dollar is stronger, it drives the price of gold and silver down. I strongly believe that after the 1st of the year we will see a multitude of problems. People will be out of work due to the slow down in spending. This will cause credit defaults. I see the stock market and the dollar go down. This will cause the prices of gold and silver to take off.
I don't think that silver will dip to bad before the end of the year. We won't really see the effects until Mid February when the bills start becoming past due. |
You don't have to be the BEST you just have to be.......SLICK
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Edited by - slickeast on 12/22/2009 08:11:49 |
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 12/22/2009 : 15:45:09
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| I think PM's will be slowly falling over the holiday season, with another run up in price by about March 2010. Silver will bottom out around $13.50 and then be around $20-$25 by summer. The current "stronger" dollar will not last. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/22/2009 : 16:21:16
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| Looks like most of us think the price is going down for now. |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 12/22/2009 : 17:17:16
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| Under 15.00. (11.00-13.00) Just an amature extrapolation, looking at the last 3 years' trading range, and some wishful thinking. I sure would like to be able to afford another 75-100 lbs. |
Come to the new and improved realcent: http://realcent.org
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/22/2009 : 18:47:04
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| 75 to 100 lbs that is a lot of silver. |
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 12/22/2009 : 20:00:35
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| WOW!, 100 lbs=1458 ounces of silver. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/22/2009 : 20:37:20
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| Wow! Seems like extremes rule when it comes to predictions. Not too long ago one might have expected to have his or her head bitten off if they disagreed that silver would be $20+ by now. Now it appears it won't be able to hold on to $17.00 by the end of the year by many. Markets change, I try not to get too carried away when they go up because they always go down again....at least for a while. PMs get over bought at times, but on the other hand they get over sold too. Try to look at the big picture and judge for yourself when each are occurring and why. |
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Think positive. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 12/22/2009 : 21:06:27
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| I agree. Its also important to understand that between say 12/15 and 1/4 the markets are thinly traded and should be taken with a grain of salt. I've noticed that the prices for silver on E bay have moved very little in response to the spot price decline. |
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feirefiz
Penny Sorter Member
Canada
62 Posts |
Posted - 12/23/2009 : 04:16:30
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it will fall below 16.8 , the going rate at which i just paid  |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 12/23/2009 : 09:47:59
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| I voted 16.50 to 16.99. Than give it 2 weeks for the bills to come in from the holidays and it will start jumping up again do to the dollar going down. |
Copper Penny Investing
www.portlandmint.com |
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 12/23/2009 : 14:53:47
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I voted 16.50 - 16.99. I also agree that the "holi-daze" make for thin trading in PM's same as for the stock markets, so now may be a good time to take advantage & load up. I also see "huge" complacency in the stock market as indicated in the VIX - and it has been low the last few months.
I also hear anecdotes of imminent layoffs in many state governments & government contractors going out of business as states do not pay their bills.
In short, the other shoe is about to drop soon I fear. So I did as I said I'd do in this forum & bought some more 90% AG halves - as many as I could @ 12X.
The collapse is coming but thankfully it is aproaching slow enough for me to prepare. |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 12/30/2009 : 16:37:30
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| I thought I'd revive this thread since we are almost at year-end... Silver has had some large swings since this poll began 9 days ago. |
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silver price at year end
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