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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 05/08/2009 : 21:09:35
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quote:
Originally posted by CuproNickle
quote:
Originally posted by CuproNickle
Silver has NEVER passed it's 1980 all time high of $49.45 an ounce. This would be more than $300 an ounce in 2009 dollars. There's a reason for this. What that reason is? I have no idea.
What I meant by this is why has the price of silver been so LOW since 1980? The Hunt Brothers excluded? 9-11 attack, hyperinflation fears, record gov spending? That's all.
.........."There is no legitimate free market explaination for such extreamely depressed prices in the face of such spectacularly bullish fundamentals, namely, a structural deficit and depleated world inventories. Only manipulation could explain such a perversely low prices compaired with the real fundamentals.".......... - Ted Butler Silver in the New Era |
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Think positive. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/09/2009 : 06:17:47
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quote:
Originally posted by fb101
Buyingsilvers is right. the 1980 price was a manipulated price and the Hunts went to jail for it. It did not reflect actual markets, so the comparison is apples and oranges.
that is the main stream media story, yes. do you know the exchange changed the margin rules in the middle of the game to destroy them?
today, the the price is manipulated down and no one is going to jail. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/09/2009 : 06:30:14
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lots of interesting ideas on this thread.
taking profits - this is always a good idea. however, when you buy, you should have some idea of when to exit. in the 70s, gold and silver rose about 25x. so far they are up about 3-4x. that leaves about 8x to go. seriously. so if you are thinking long term, this is not the time to exit.
shorter term, i see 2 things that are interesting. first, seaosonally, gold and silver tend to fall during the summer. this is a long standing trend. second, silver has risen from about 11.50 to 14 in a very short time. also, it rose with gold rising much more slightly. whenever something goes up quickly, it usually pulls back. further, the rise of silver independent of gold is not explained. of all the weeks for Ted Butler to be on vacation!
i am buying silver for the long term, so I am not lightening here. but i'm waiting for silver to pull back before I add. silver is looking a little rich relative to gold. of course, i already have some silver and gold so if this is it its not like the train is going to leave without me. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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What's with silver the past few days?
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