Next step silver - over $20.00

Here, maybe I can help......

 

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CURRENTLY: In Asia-Pac for Tuesday 9/7/2010

GOLD: $1,250.70
Silver: $19.96
Platinum: $1566
Palladium: $532

US markets reopen after Monday's holiday in about fifteen and a-half hours...
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Silver high so far..........$20.01 according to Kitco.com. I must have blinked because I missed it when it reached that level. Silver backed off of that high and it is currently at $19.89 as of 6:38 PM U.S. Eastern Standard Time.

 

Nice catch! Thanks! We'll see if UK/EU and USA can handle $20 tomorrow... then we can close this thread for good!

 

Agreed. I want Elaine to start the new thread: Next step silver - over $25.00! TC

 

She already has one... 2011 GOLD high $1,500.00, SILVER high $24.00

 

This thread began on 9/7/2009 inquiring when/if silver could reach $20/oz. when it was close to $15.95/oz. Expectation on behalf of the OP seemed to imply the price was nearer rather than further off in future performance. It's safe to say that some predictions rely upon eventuality, and that in time anything can happen, even if it requires force.

After one year, to the date, 9/7/2010 (in Asia) silver has finally touched $20/oz. for the first time in 2010 in overnight trading in Asia-Pac markets but it quickly retreated below $20/oz.

The US markets were closed for trade for the national Labor Day holiday on Monday, 9/6/2010.

Silver is currently hovering below $20/oz. at $19.87/oz. Ask price with 12+ hours to go until markets reopen in New York on Tuesday, 9/7/2010.

Tomorrow may finally be the day, for US markets, to finally see $20/oz. silver and to put this thread to rest.

It is interesting in review to see how far away the OPs expectations were from being met after initially being proposed.

No one can predict how PMs will perform over the near nor short term and declaring they did after they eventually realized this remains distant from insight, something the OP seldom expressed in the cloud of hysteria these threads hyping only positive tics attempted to do. That this thread has all but been abandoned already by the OP in search of the next highest range in a years time, answers a question of mindfulness, gluttony and greed sensed in the OP's approach over this topic. A lust for bigger and faster is no match for seeking stable prices, quality trading, and markets of integrity led by insight. Do you know your OP and will they still be present and gleaming if these numbers had not advance according to plan. We know that during stretches when the metals ran flat that the OP took vacations.

Let's see if twelve hours from now, we can declare global markets accepted $20/oz. silver for the first time in 2010.

I wish a good future full of success, passion and fun to all bullion investors. :thumb:

 

I think it was my fairy/magic wand post. Sorry for not posting it last October......

 

You can post her any old time friend! :thumb:

 

Today is the 1 year anniversary of the start of this thread. Could it possibly hit on its first birthday? My gut says no, but you never know.

 

Big drop in silver overnight! $20/oz. was a tease in Asia-Pac markets last night...

CURRENTLY: In UK/EU markets for Tuesday 9/7/2010

GOLD: $1,247.30
Silver: $19.68
Platinum: $1555
Palladium: $526

US markets reopen after Monday's holiday in about an hour ten minutes...

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agreed, huge drop.....

 

CURRENTLY: At the US market open for Tuesday 9/7/2010...

Silver has a way to climb this morning to tease $20/oz. silver as glimpsed in overnight trading, but it's yet to be shown across all global markets...

GOLD: $1,249
Silver: $19.72
Platinum: $1554
Palladium: $526​

 

I haven't been watching Silver on eBay for very long, but prior to this weekend I was noticed mostly 2010 ASE for sale, and as the weekend progressed the tubes and silver 4 sale seemed to be coming out of the closet so to speak. I began noticing mostly tubes from early in the decade. It appeared to be a lot of profit taking, as silver approached the "magical $20 level". Therefore, the sell off this AM appears in line with what I observed on eBay, but on a much larger scale.
Personally, I used this profit taking as an opportunity to increase my holdings of silver, because I'm expecting a steady increase in price over the near term. Time will tell if this was a selling opportunity or a buying opportunity.

 

Agreed, it's a great opportunity to continue buying silver while others sell. Silver is showing great promise and looks poised to continue moving up for a much more significant all time high. The $20 and $24 price points are near/short term goals, but ones easily met by 'speculation' or eventuality.

CURRENTLY: for Tuesday 9/7/2010...

GOLD: $1,258.40
Silver: $19.97 -- High 20.04 thread goal met!!!!!!!
Platinum: $1566
Palladium: $529
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The end.

 

One can say selling at the magical $20 pricepoint is short sighted, especially if silver ends up going to $24, $30+ and beyond....

But none of us have crystal balls, it could very well peak at $20 for a very long time as well....

If my last two sentences gave you no direction, it is why I still sit on my hands and have not sold a thing. LOL....

 

Yes I saw it on CNBC at $20.03 I was so happy

 

Over???
Nothing is over until we say it is...did we say it was over when the Germans bombed Pearl Harbor????

I want it to close in the US over $20...then I'm a believer...(it'll happen, just not sure when)

 

Japs bombed Pearl Harbor old fellow....

 

It was most definitely the Japanese who bombed Pearl Harbor. The Germans were bombing England.

I think the unemployment numbers in January after the dismal Christmas retail sales should push the metals upward a bit. IMHO Although I hope those things won't happen.