Next Level: GOLD $1,350.00

Yep it was a very good day today. I think that silver will break $20 next week but do not be too surprised if silver gets a smack down around the $19.50 level. I will feel better once silver is able to close above $19.50. I think that silver will win the battle for $19.50 and will break $20 and will close above $20 by the close of business next Friday (June 25, 2010). We will see what happens.

EDIT: I think that gold will move a little bit higher next week but not much. Maybe a $1275 close by the close of business next Friday (June 25, 2010). Just a gut feeling guess.

 

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It certainly is fantastic. Surprized to see silver held over $19 too! :smile

 

it looks like krispy stock a lot of silver.

 

Nah, I'd say my physical bullion (not numismatic coins included) is likely more around Au: 75% / Ag: 25% split these days. I'm just more interested in silver than gold this year is all. What about you elaine? what do estimate your bullion split to be?

 

I hope the momentum continues next week. I fear that we are seeing a high for now and things drop off next week, only to gain back again a couple months from now....

Like I mentioned before, if silver could just break $20 and stay within the $19.50 - $20.00 range, it would really help assure us that we are doing the right thing with these metals....


Not that I really hold that much value to ratios, but the ratio is getting larger between gold and silver, it is now 65:1.....

 

my silver bullion average around $4.50/oz. how many?. it's a secret. silver commemorative average around $20.00 each. about 2,000 pcs. old u.s.silver coins about few thousand pieces. never check it. no gold bullion. all gold were collector's items and with w mint mark. how many?. again. it's a secret. moneywise. 50% au and 50% ag.

 

I didn't mean for you to tell any secrets.

 

If that happens it would seem as though PMs are behaving just like advances and declines in the equities markets, generally speaking.

 

lol, I don't even know what that means!!

 

The stock market seems to move two steps back for every step forward it takes, then flips and takes two steps forward and one step back. Someone said something about how the stock market jumps all over the place and thirty years later you're not much better off than where you jumped in when you first invested. LOL. I have been feeling as of late that PMs are mimicking this behavior that stocks often display.

 

One difference between PMs and stocks (good ones, anyway) is that stocks pay dividends!

 

true indeed.

 

but PM's (gold and silver) do not go to zero. Stocks can and have gone to zero.

 

Oh I see now....well let's hope not. If I end up not owning anymore than I did when I started, then I should have just stuck with cash and drown in USD debasement like everyone else who's holding dollars!!!

I never even knew what dividends were until a short while ago....

Yes, as I've been told over and over on TV...."Gold has never been worth zero!"

Which is true indeed.....

 

True...but even in the Great Depression not ALL stocks went to zero. In fact, many astute investors made their fortunes in the years between the Great Depression and WWII (the Big One). Investors that ignored fundamental analysis were the ones seen jumping out of windows.

 

May I just jump in here with two comments? (I know I'm the newest of newbies, so don't really warrant the right, but here goes..) 1. I have never forgotten what my grandfather told me many times (very active in stocks, and President of the Detroit Coin Club for many years..) ".. for everyone that makes money in the stock market, there is someone who loses money.." (which seems very profound to me..) and 2. Krispy, do you have a thing for Elaine, or is it a resentment? And I only ask in honesty, not judgment: I'm not sure how to take your comments to/about her -- playful FUN, or jabs? I guess the answer doesn't matter to me, as I know NEITHER of you, but as an outsider looking in, I'm very curious. Seems to be a bit of both!
Thanks, and myself, I am happy with the price of gold and silver, having been a goldbug (and silverbug)when prices were very very low -- I'm so glad I didn't do what my late husband suggested -- get rid of silver at around $8.00 (purchase around 2 something) and get rid of gold at $600 ( purchased significantly lower)!! Great weekend to all.. Lucy in Michigan..

 

Krispy and Elaine are online husband and wife, that's how I see it.

Secondly, feel free to speak your mind, we won't bite, I'm not even close to being a pro in any of this...

3rd....the last part kinda reminds of this movie, I forget what it was, (it was comedy) and as this guy was dying he gave some wisdom to his nephew... he said, "Trust me, sell all your shares of Google and buy Enron..."

It was something like that, obviously a joke.....

 

You're Grandfather is correct for any given snapshot in time; if the stock market's regression were zero...but it's not. Remember that stocks represent ownership in a company; most of which turn a profit over time. That underlying profit (positive regression) is what creates value.

My first post on CT was to "correct" Krispy's treatment of Elaine...boy was that a mistake. They're in Lovvvveee! :hug:

 

Welcome to the forum lucyray.

In reply, a 'thing'? No. But... Yes, it has become a rather grand online jesting love fest of sorts. Many who first come across our posts are rightly confused by them. The 'jabs' do however indicate a certain lack of faith I have in her purportedly enormous coin holdings, claims of purchases to back up her recommendations to others, general commodity speculation which flip-flops and her unwillingness to cite sources, provide links or otherwise declaim that a vast majority of her information is anything but her own.

:smile

 

Yeah...but you leave the toilet seat up.