Silver just crossed $25 an ounce

Panic Mode !!! Metals SOAR !
Fed economic policy coupled with the election results.
The GOP is issuing more threats to the Administration today, look for more upward movement tomorrow ?

 

Log in or Sign up to hide this ad.

yeah, panic, that's exactly what it is. let's see how the price will be like in a month.

 

Yeah, that's all we can do is wait and see. I really don't think anyone is 100% sure about the PM market right now. Oh, you could say something really obvious, but predicting the price next week, next month, or next year is a roll of the dice as far as I'm concerned. But, if silver does hit $50, I'm cashing in.

 

Yup....big surprise here.....the dollar dwindling, no confidence in either party, (and rightly so) took too long to crack down on the red dragon, (aka China) other countries are hesitant to buy more of the U.S. debt and treasuries....and We ask Ourselves this......what will pull Us out of this? Do We tax China? Nope, too late....they own too much of Our debt. Pressure them to adjust their yuan? The time to do that was 10 years ago....what little they have done now is almost laughable.

Besides family, friends and doing some good for somebody other than Ourselves, I ask You what has value? All the crap that floods the retailers shelves that`s made in China? As far as I`m concerned let em keep that refuse. More people are now realizing that the PMs have always had value.....I don`t need G. Gordon Liddy to tell me that, but the truth is becoming more and more clear. Make mine .999.

 

Hello $26 +

 

Dang ! Sold some too soon !

 

Man, that worries me. Here in Nevada there is a lot of Silver sitting in the ground. Mines were turning a profit at under $10. So I believe they would really step up production under these circumstances. We could see a huge drop when the profit taking occurs, I think. But I didn't forsee topping $26 either.

gary

 

26.72 getting to that 30 soon

 

Great thought Gary but these things take time. Also, they were profitable at $10 before but not now. A friend is in the mining equipment industry and says equipment is very high right now doe to a surge in demand. You are completely on track but I would just keep that in mind for a longer timeframe. Higher prices do equal higher production long term.

Chris

 

All we need is an investor with some money to set up in Nevada, and he would create jobs, make himself a few bucks, and lower the price of silver, so we can afford to continue collecting silver coins.