| Author |
 Topic  |
|
|
ScrapGoldBusiness
New Member
USA
3 Posts |
 Posted - 05/26/2010 : 21:12:30
|
Poll Question:
As we all know in Oct 2008 gold and silver dropped like a rock largely because our economy fell flat on its face with the stock market plummeting.
Now it seems there is no rhyme or reason to the old market fundementals.
Based upon the economic trends of 2010:
Where do you see the price of silver in June 2011.
|
|
Greg
ScrapGoldBusiness Channel on YouTube |
|
|
Beau
Penny Pincher Member
216 Posts |
Posted - 05/26/2010 : 23:57:41
|
ScrapGoldBusinessm,
do you really think silver will drop to 14 to 17 or
17 to 20 in one year with silver gaining every time
we have a dip.
if it does I will have a load of it.
anyone else what do you think in a year or 2 years.
GOOD LUCK |
 |
|
|
Nickelless
Administrator
USA
5580 Posts |
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 05/27/2010 : 00:16:59
|
Don't care at this point as long as it stays volitile, this is a traders dream. :)
If I were to guess, I think 14-17 is the new bottom. |
|
|
|
Beau
Penny Pincher Member
216 Posts |
Posted - 05/27/2010 : 01:10:56
|
I can buy silver eagles at $1.50 over spot anytime from a buddy of mine that ordered to many 2010
coins. |
|
|
|
rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 05/27/2010 : 01:50:32
|
| We are still in a deflationary depression. With interest rates at 0, monitorizing debt, indemnifying banks and many other companies, stimulous, endless printing of money ----- after all that, we have a moderate recovery. There is still a deflationary depression ----- the big devaluation of the dollar is not yet upon us. Gold and silver have gone up tremendously in Euro's, not so much in dollars. While the Euro flails, the dollar looks strong. Eventually, when the euro has stabalized or been reformed or whatever equalibrium it finds, the dollar will be under severe pressure, and gold and silver will really soar in dollar terms. But between now and then, while the dollar is still a safe haven and we are still in a deflationary depression, we could see much lower prices for gold and silver in dollars. I hope so ---- I would like to buy more at lower prices. And any decline in price of silver will not give me any regret over what I have already bought to at higher prices, because in the not too distant future, I do expect prices much much higher than we have yet seen, in dollars. I guess this volitility is a traders dream; I am a accumulator, so lower prices are my dream. |
|
|
|
johnbrickner
Penny Pincher Member
154 Posts |
Posted - 05/27/2010 : 03:39:14
|
It's my understanding when the dollar and gold both move up at the same time . . . Well, I hear it's not a good thing. Like a last ditch effort to safety.
In any case, at this point I really don't care up or down as the lower silver goes the more I will buy. Thanks to those on this forum whom I deem wiser than I, this is my way now.
It's a Jungle out there,
|
"I Killed the Bank" from the tombstone of Andrew Jackson |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
 Posted - 05/27/2010 : 05:40:39
|
I voted for over $29. Silver isn't going up, the dollar will have dropped by then. The dips we are experiencing now, in this long-term PM's bull market will flatten out when your perspective is a decade. Certainly, use them to accumulate... but don't wait and miss out. Buy what's affordable, maybe using half your monthly allotment for dollar cost averaging, and half to save up for "the dips." Anything under $30 will, in a few years, look quite inexpensive. You will kick yourself at that time for not having bought more  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
|
|
|
sunsetcliff
Penny Pincher Member
USA
101 Posts |
|
|
SteelCityCopper
New Member
14 Posts |
Posted - 05/28/2010 : 17:54:25
|
I agree with the $29+ prediction... and a mule + 40 acres may come in handy. |
Jason
www.steelcitycopper.com |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/28/2010 : 20:35:17
|
$14-17 Silver with a DOW below 8,000. Gold would do better on a percentage bases. Any PM downturn should be shorter than in 08. It is obvious to me now that there are no limits to printing money.
If the democrats are in power they will spend on social programs. Republicans would declare a military emergency and spend it there instead. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/28/2010 : 20:51:27
|
Plenty of volatility for the traders, but both the world stock markets and PMs will be higher by next summer. The worldwide fiat currencies that are being printed in excess will blossum into inflation in both stocks and commodities next year. Too much CASH for too few things to buy.  |
---> 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
|
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/28/2010 : 20:56:30
|
quote:
Originally posted by Ardent Listener
$14-17 Silver with a DOW below 8,000. Gold would do better on a percentage bases. Any PM downturn should be shorter than in 08. It is obvious to me now that there are no limits to printing money.
If the democrats are in power they will spend on social programs. Republicans would declare a military emergency and spend it there instead.
I should have said those lows would ocur prior to June of 2011. By then we would see more stimulus to rescue us well into inflation. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
wiper
Penny Sorter Member
36 Posts |
Posted - 05/29/2010 : 01:34:34
|
14-17.
i've seen no reason to believe it won't just bounce around for another year or so.
for the record, that's for the next year, not forever. |
|
|
| |
Topic |
|
HOW LOW WILL SILVER GO?
Forum Locked
