The period from September 1st to November 30th is almost always extremely bullish for gold and silver (especially silver). Will this pattern continue this year? I think Silver will approach and surpass $50 an ounce this Fall. Looking for $60 an ounce at least in 2011. What do you all think? Am I out here on a limb, or do I have company.
Gold and silver were pretty calm today, so I don't know, maybe the market is calming down and gold won't go up and down by $50 an ounce each day?
It will be interesting to watch gold and silver prices this Fall. It's like our own little mini-drama. Sept and Oct are also historically two of the worst months for stocks (all the big crashes happened in those months). However these patterns don't always hold ... Last Fall was great for Gold and Silver ... AND Stocks
Hope silver won't be overly high come Oct. That way the new anniversary sets won't be out of reach, at least for me...
If you feel that way (and you may be right), you should back the truck up for 2010 Silver Proof sets before they suspend sales again. Silver's less than $1 from the point where they suspended sales on 19Aug. The 2010 Silver Proof set hits its "Break Even" point when Silver hits $44.75/oz. Anything above that is... ...FREE MONEY!!! :hail:
I agree with you WingedLiberty, and if I hadn't already been buying since the recent major dip in May then now would be just fine with me. The pattern you describe has delivered every year in the last decade except for 2008. I believe some (or a lot) of this can be attributed to the Indian wedding season which begins in September. We've also seen recently that metals are not going to drop if the stock market does which was the reason behind the 2008 anomaly, so I find it hard to see this year being the year to buck the trend.
I Think silver is a good thing to stock up on any time of the year. It makes beautiful coins and is a great way to save money. It is the only way us "regular people" can afford to invest in P.M.'s. Silver is great!
