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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 05/12/2010 : 12:34:05
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| The trend is your friend. The swings will be higher, get used to even more volatility, and even more disconnect between the spot price and the physical price. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 05/12/2010 : 13:00:50
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| well gold has broken its record, first in euros now in dollars. so silver is relatively cheap. i don't see a reason for silver to be cheaper than before. that said, i wouldn't be surprised by a pullback but i wouldn't wait for one either. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/12/2010 : 14:24:43
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quote:
Originally posted by Market Harmony
There is no doubt that the general direction is up. Any tradeable thing will have a market low price and a market high price. The path to get to these points is never a straight line. I liken the path to following the location of a Yo-Yo as the person playing with it walks up or down stairs. The general direction (up or down) is easy enough to figure out, but the independent movement of the Yo-Yo is variable.
What we are seeing in PM's now is simply the upward movement of the Yo-Yo while the commodity bull walks up the staircase.
My target assumption for year end 2010 is silver price anywhere between $19 at the low and $25.50 for the high... it just depends on where that Yo-Yo is at that point in time. I could care less what it does today, tomorrow, or even next week. In the big picture, it means little.
For the portion of our portfolios designated to holding bullion, I agree. But if any others, like myself, try and trade the mining equities a bit, it helps to be able to predict the likelihood of directional moves and take advantage of them. I think with the spotlight on JPMorgan right now, they might be just a little more discrete about their shorting... then again, they might just let this run up to $22 or 23, suck in as much new money as they can, and then pound us again. They ARE the FED, basically... why can't they just print as much money as they want and keep their game going in perpetuity? The only thing that could stop them is physically running out of silver (and we may be nearing that point as well). Just think how the price would explode if it became evident that silver is just flat gone... and the manipulations end simultaneously! I think we would be looking at $80 silver in short time  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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SteelCityCopper
New Member
14 Posts |
Posted - 05/12/2010 : 21:43:46
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| I'm definitely hoping for a dip as I need to stock up! I was talking to a coin dealer the other day, and he and his PM investing buddies think that longer term (2-3 yrs out) that silver will sink hard if we have a successful economic recovery even to the point where it's below $10. What do you guys think? |
Jason
www.steelcitycopper.com |
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Nickelless
Administrator
USA
5580 Posts |
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thedrifter
Penny Sorter Member
USA
96 Posts |
Posted - 05/13/2010 : 10:41:02
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Yeah but remember those prices in the 80's were the result of the hunt brothers trying to corner the market. Today we have the short sellers manipulating the market.
quote:
Originally posted by Nickelless
Not to burst anyone's bubble about the flirting with $20, but adjusted for inflation silver is not even CLOSE to its high from 1980--it's not even one-sixth of the way there:
You must be logged in to see this link.
Having said that, though, I think the REAL run-up when it finally happens will be sweeter than any of us are imagining at this point. Hoard and hang on!
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The Drifter |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/13/2010 : 22:30:32
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I've brought up this exact point before. The 80's price spike was a unique occurrence driven by events specific to that time frame (Hunts). Why all the analysts insist on using failure to reach inflation adjusted highs from that peak to propose that silver has much further to run flabbergasts me. Talk about spurious logic. I do think silver will outperform gold, but it will do so based on current day fundamentals of supply/demand, depleting resources, growing investment demands, short-covering if forced, etc. Watching silver increase is driving me nuts!  Do I sell some of my AGQ as it climbs? Then curse myself if it keeps going? May is a traditionally weak month, and then there's always the COMEX shorts Godzilla waiting just around the corner to breath fire and melt everything down once again. Why can't things just be simple?  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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SILVER EXPLODES HIGHER
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