The ratio of silver to gold has gone from over 66:1 to under 63:1 Some believe that the "normal" ratio s/b around 54:1 which would make give us $1300 Gold and $23 Silver, which I believe to be much more realistic targets in the term term. Just my guess.
She already knows her next PoS and PoG levels so a new thread could be created now or as soon as silver touches this arbitrary mark.
If $23 is near term, there's plenty of buying and holding onto to be done. Since it will likely be longer than we expect, there's a lot of time to make acquisitions.
If $2.50 over spot is a "normal" markup, that is 12.5% and 23 is a 15% increase from where we are so IF you bought NOW, you would have a slight profit / break even at a $23 Spot. That $2.50 markup is likely to increase as the Spot price increases (look at gold retail vs spot). Selling via places like eBay are murder. They charge a listing fee, a 9% sales fee and a 2.3% PayPal fee. Right now eBay fees eat up approx. $2.50 /oz Buy now or on dips below $20 IMHO
I believe to buy now, my uncle is a big financial investor in Manhatten and when I spoke to him this morning his opinion is that we won't see silver's high until late Sept to middle of October. I think that by November we will see silver @ $23.00 for about a week
CURRENTLY: GOLD: $1,249.30 -- High so far today $1,252.10 Silver: $19.90 -- High so far today $19.97 Platinum: $1561 Palladium: $534
Sorry Elaine. But silver did not hit $20/oz. today or this week as you asked. I will try harder to make the magic happen for you soon. CURRENTLY: After the US market close for Friday, 9/3/2010 GOLD: $1,247.60 -- High $1,252.10 Silver: $19.87 -- High $19.97 Platinum: $1,561 -- High $1,571 Palladium: $533 -- High $537
why did you not call me up and between the two of us we could have make the magic happen:u*meY: . we were only 3 cents away :so-sad::computer:
I foresee no involvement on my behalf in her new thread. As soon as we reach $20 on this one it will be useless to continue on here. I think this one and the other on gold at $1,350 suffice to prove how untimely her predictions are, here at one year and still shy of $20 PoS and far from $1,350 PoG. No, for bullion discussion, I will take up other topics, not just monitoring prices and prediction follies.
good choice as far as i am thinking. Any body's guess . the way i look at it keep on buying , like i am paying 20 euros for a oz with exchange rates thats going on $24 a oz. so this thread is over as far as i am concerned .dave
The closer she gets the longer she seems to take to breech the $20/oz. barrier... just because it's this close doesn't mean it's a sure thing in the very near term, but it 'could' reach this point soon too. Silver To Gain Momentum Above $20 from Kitco.com 9/3/10