Silver: Oct 13 2010 10:17PM NY Time Bid/Ask 24.37 24.39 Low/High 23.39 24.39 Gold: Oct 13, 2010 22:15 NY Time Bid/Ask 1378.10 - 1379.10 Low/High 1354.20 - 1380.10
from this year 2010 low to today's high: silver up 66.8% palladium up 57.9% gold up 32.4% platinum up 19.4%
They have pondered how to get off of the dollar for decades, luckily for the U.S. they have not ironed out the kinks. (it`s far more complicated than just switching to another currency) Eventually they will though, and You are right.....after that, watch out....it`ll be REAL ugly.
elaine1970, superb prediction! my hat is off to you. what is your prediction for 2012? (sorry if you already posted that)
With the momentum that PM's have been picking up lately, it may be wise to pick a larger prediction(yet still conservative in outlook). We are breaking new records almost every other day..... The numbers are moving up faster...
I vote for $50 silver then a prompt drop in price to $5/oz after I and many of us silver bugs have sold...
the gold and silver might follow s & p these few days for up's and down's. it might go for a downward correction. then go up again and break the new record again.
Much of this run up is due to the falling USD. If you don't know about it yet, check KITCO's "Did Gold Really Go Up?" in the center of their home page. It's interesting to watch. Today's, and many days lately, there are more people selling than buying, but the USD falling keeps the price heading up. http://www.kitco.com/
don't sell gold and silver. wait for the true value of gold at $2,300.00 an ounce. hit that price or over. then start thinking of selling. that is my advise.