Next step silver - over $20.00

CURRENTLY:

GOLD: $1,232.70
Silver: $18.48

Platinum: $1577
Palladium: $484​

 

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CURRENTLY:

GOLD: $1,228
Silver: $18.42

Platinum: $1573
Palladium: $480​

​

 

CURRENTLY:

GOLD: $1,234.20
Silver: $18.49

Platinum: $1571
Palladium: $479​

 

CURRENTLY:

GOLD: $1,235.40
Silver: $18.55

Platinum: $1575
Palladium: $479
​

 

Somebody keeps trying to keep Silver from breaking over $20.00 - looks like the markets are giving them a run for their money. No more Mr. Nice Guy Silver this week.

Giddy up gold!

 

It seems like it doesn't it? Silver will break out eventually, just as gold did with the $1000 barrier.....

Once it does look out!!!

 

why worry?. when gold hit $1,350.00. certainly silver will top $22.50.

 

We will hold you to that $22.50 and not just for the eventuality of that price being realized nor a momentary high some future day from now... just like I am holding you to silver at $20, the next step, as you anticipated with this thread so many months ago.

 

http://www.nypost.com/p/news/business/metal_are_in_the_pits_2arTlGNbMK7mb1uJeVHb0O

 

http://www.busrep.co.za/index.php?fArticleId=5525824&fSectionId=630&fSetId=662

 

Interesting Silver Article

 

Yep I agree. Once that DOG called silver breaks JPMorgan's leash and begins to run, then look out. Once the DOG goes to $20.00, then it will finish at $23.00 (or higher) on December 31, 2010.

 

Silver will break $20. That's a given in my opinion. I think that it will finish at $23.00 (or higher) on December 31, 2010. :smile

 

am I confused or does it seem the actual value of precious metals never really increase. it just seems to fluctuate with inflation

 

If that were true, the rate of inflation this year would be 33%! Who knows...maybe it is and the Gov-mint is just lying to us.

 

I may just be on to something...... I mean the prices of every day items have increased

 

And that is the essence of "holding" precious metals. They are meant to be used as a hedge against inflation, not an investment (at least in my mind).

 

I just buy them because they are shiny

 

im thinking we close above 19 tomorrow, 19.23 is my call. .40 jump right out of bed

 

It does both. The value of silver in terms of Dollars (Federal Reserve Notes) increase as the number of dollars in circulation increases. However, the market can also put pressure on it as it is in higher demand. An example of this is the Tulip bubble in France in the 1400's or 1500's. They were a sign of Royalty and eventually an economic bubble occured from it as the demand grew so outragous. This same pressure is going to happen with silver as industrial demand puts the pressure on it. That is why the biggest profits will come from silver, not gold.