Next Level: GOLD $1,350.00

i should said "say goodbye to $20.00's" for a while. people are talking silver can easily pass $21.00 and $22.00. it may hit $24.00 to $25.00 before year end. and hopefully it can hit a high at $30.00.

 

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Of course anything is possible. And those numbers will most likely be met eventually. But right now PM's are very heated, so it's easy to get lost and think it won't come back down...

Well it will.....I can't prove that but a pullback always seems to occur....we are not that far off from $20 or $19 at all....that can easily be had and quickly too.....

This is where a lot of newbies I see, get caught up and even purchase at these prices......then the dips come and they scramble and possibly even sell......

So if you buy now, that's fine, but HOLD.....if you are waiting for the dip, that's fine too, it will come.....but when it comes you better buy. If silver hits $19 and you still say, "I'm waiting for $18" then forget it.....you will never buy......

"you" in general......

 

CURRENTLY: In US markets for Thursday 9/16/10...

GOLD: $1,275.10 -- High so far today $1,278.30
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Silver: $20.70 -- High so far today $20.78

Platinum: $1612
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Palladium: $560
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I feel like Dr. Frankenstein saying, "rise!! rise!!!"

 

LOL! I think it will, but you just know the mobs with their pitchforks (guns) and torches (guard dogs) will ruin the party when panicked buying causes profit taking (the street/institutional) and the whole thing comes down... then you have a beast running around raising havoc (volatile spikes).

CURRENTLY:

GOLD: $1,273.40
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Silver: $20.68

Platinum: $1609
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Palladium: $558
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This is why I never try to make money selling price spikes and trying to repurchase on the dips. In a major bull market like silver and gold, it is very easy to lose your position. It is easier, less stressful, and more profitable to just sit and hold like Jesse Livermore advocated.

 

I think that the "mob" is not quite awakened yet, but starting to awaken from its slumber. The move of the PMs will be a slow gradual one until the mob realizes that the U.S. is in legitimate trouble.

Yesterday Tim Geithner said that China needs to adjust the yuan. There was also talk about increasing the taxes on their imports...this was followed by blowback from those that reminded Us that China is into Our debt for a little over a trillion, and if pressured they will most likely sell Our treasuries.

Slowly but surely the "mob" is starting to realize that the U.S. is starting to get boxed in on many different levels. Will these factors amount up to the average "mobster" gravitating towards the PMs? I believe they will.....and the spikes that You refer too will be inevitable. The question is just how much the "mobster" will panic when the PMs take a small dip? Next year could be quite interesting and turbulent too.

 

CURRENTLY:

GOLD: $1,274.80 -- High so far today $1,278.30
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Silver: $20.70 -- High so far today $20.78

Platinum: $1611
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Palladium: $555​

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Yeah, and with the $50-60 premium that one pays for gold, you'd have to have at least a $50-60 dip, but most likely even more so you can make it worth waiting for the dip....that's asking for a lot to happen and who knows if it will happen....

 

CURRENTLY:

GOLD: $1,270.40 -- High so far today $1,278.30
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Silver: $20.78 -- High so far today $20.82

Platinum: $1618
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Palladium: $555​

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Thanks Krispy -US Mint First Spouse 1/2 oz. gold coins:

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no prob, midas :thumb:

CURRENTLY: US market closes in ten minutes...

GOLD: $1,276.50 -- High today $1,278.30
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Silver: $20.80 -- High today $20.84

Platinum: $1617
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Palladium: $556​

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Buy ? Sell ? Wait ?

Decisions, decisions, decisions.......

gary

 

No. No. Yes.

CURRENTLY: In Asia-Pac markets for Friday 9/17/10...

GOLD: $1,275
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Silver: $20.76

Platinum: $1617
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Palladium: $552​

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LOL. Since this is not a business for me, waiting is good. But if you were working the margin, you better be trading.

This current run could easily go beyond $21 very soon.

gary

 

"This current run could easily go beyond $21 very soon."

Easy to say when it's so close to that price as it is now but while no one can say how PMs will perform. Given the volatility of metals, they could leap or dip greatly in a short period of time as well so it's not saying much to say it could do something soon because it's a few cents off when spikes in percentage alone could take you to a given price point.

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CURRENTLY: In the US market for Friday 9/17/10...

GOLD: $1,277.10 High so far today $1,281.10
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Silver: $20.74 High so far today $20.92

Platinum: $1621
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Palladium: $549​

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How very true. No one knows exactly when it will peak. I merely stated that it may not have peaked just yet, why I stayed at 21. No way would I say 22 or 22.50 at this point. Sharp climbs always peak. And I have no idea when "profit taking" will become a major factor.

Over the last 50 years, I made a little, lost some, recovered a bit, and so on. Now I tread with extreme caution and try not to get caught in a Bull "mode". lol

gary

 

Assuming we know what the peak is....the question then becomes, what do you do?

Do you sell your PM's and move your cash to another investment vehicle? And what would that vehicle be and why would it be any safer? So what I'm saying is, if PM's peak and don't dip, what is the harm in keep your wealth in the PM's for the forseeable future?

 

CURRENTLY:

GOLD: $1,277. High so far today $1,281.10
​

Silver: $20.77 High so far today $20.92

Platinum: $1618
​

Palladium: $546​

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