Thread: Do any of you believe PM will continue to slide

down for the next few weeks. For some reason I think silver will drop to the low 17's and gold to 1100 or just under.

This is just a hunch or opinion. What do you think?

a part of me would be sad because I just bought some gold... another part of me would be stoked because I would just buy more seeing that I don't plan on unloading any of it for quite some years down the line

I think silver will just keep bouncing back and forth from 17-mid 18. I believe gold will start dropping but people will go back into a frenzy of buying and then it will go back up. I really hope silver will go above 20 by Dec.

No perfect way to predict the PM market. IMO, more opportunity to buy if the price dips. TC

I kind of hope they both drop some more, because I would like to buy some more!

When I saw the thread title, my immediate reaction was NO. The path of least resistance over the long run is still up. But when you qualified it in your OP by indicating over the next few weeks, then it is purely guesswork. Nobody knows what will happen over a few weeks in any market. But many will tell you what they think, and the half that guesses correctly will tell you they knew it all along.

Except in the midst of a world war, I doubt that modern times have had as many factors in play that can alter all of the investment areas fast and furious as now. That includes up and down, and PM, stocks, fixed notes, real estate, etc. It is at best an educated guess, IMO, or a gamble as to what will happen in the next few weeks, months, or even years. Even if a person spends hours a day to watch technicals or read SEC reports, or various Indicator reports, they can be about as successful as a dart throw.

No way of knowing, so if you are a long term buyer the best method is to budget a certain amount of money and buy that much each month. Do not buy 5 ounces of silver, but buy $100 each month. This way you dollar cost average into the market at the best price. At first glance you think you get the same benefit from buying the same amount of ounces each month, but you don't.

I buy a 20 swiss franc every month and toss it into a nickel tube. Some months I pay $215 and some months I pay $250 (this month).

Originally Posted by desertgem

I doubt that modern times have had as many factors in play that can alter all of the investment areas fast and furious as now.

I agree. I haven't seen anything like what we are experiencing.

My own opinion (and it is just that, an opinion) is that the markets at this time are extremely choppy. While the market is buoyed by stimulus funds that haven't made their way around the entire economy yet, the economy on a whole appears to be headed more toward deflation. So, it is likely that prices could drop. If we do hit a deflationary period, I think it will be sparked by a double dip. Not as bad as the one in 2008, but we could see everything being sold off again, including silver and gold.

People still rush to the dollar bill for security instead of PMs. So a market collapse will result in PMs collapsing as well. But, there is no guarantee that the double dip will happen. We could have stagnant growth for a year or more with the markets not going up or down very far. For this reason, I've purchased half of what I wanted in silver this past week, when spot was $17.40 which at this time isn't a bad price. If the price drops further, great, I can now buy the other half cheaper. If the price goes up, smart of me to purchase half of what I wanted at this lower price.