$35+ an ounce! $50+ soon??

Opinions?

 

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Recent spikes are due to the Greece "fix" and from what they say nov is a good month for a rally! IMO, we should be at $50 or high by the end of the year. This time into end of Jan/Feb has always been a nice ride.

 

We have only 60 days left in 2011.
We have $15 more to go.

I don't know if silver could make it.

 

Stronger Euro, weaker USD, PM's rise. I don't think we will see $50 before year end (unless something crazy happens), because we've already seen that margins will be raised first. I think there will be a few more big ups and downs before we get there so the short positions can get fully liquidated before they finally go long and ride the wave with the rest of us. After that I think we'll blow past $50 like butter, but I think it will take longer than some of us expect or hope. Silver is an endgame play, not a short term investment.

 

I agree about silver not being a short term investment. What do you think will happen after the hoildays like around April?

 

Anything's possible, but nothings for sure. I guess based on a few well educated fellows that just posted, I guess now's as good time as any to buy. Right?

 

Silver will increase 30% in 2 days. It will reach $50/ounce by November 10, 2011.

 

OK Nostradamus, I'm marking this down. If you're right you can be my investment advisor lol

 

Some 15 days back, Silver had fallen 30% in 2 days. So Silver will also rise 30% in 2 days.

Silver will reach its peak $50/ounce anytime now and then it will launch likes a giant rocket launched at 35,000 kmph speed.

 

This is a gotcha. 30% down isn't the same as 30% up. Example:

• Assume something cost $100
• If it loses 90% value then it's now worth $10
• If it then rises 90% the next day, the new value is $19. (not $100)
• For it to recover to its original value, it has to rise in price by 900%

 

It was over $40 recently and never made it to $50...
So why is $35 a garauntee of $50 now?

They just agreed on a $1.4 trillion bailout of the EU.
I wonder how that will affect?

 

Excellent explanation.

I am saying Silver will go up $10 in 2 days and then launch like a giant space rocket.

 

If you follow the Web Bot predictions, $5 per day moves are a precursor to $20 per day moves, but a timing is everything. It's almost like saying that you have to walk before you can run which isn't really anything nobody knows. A $5 per day move could be achieved by the price dropping $2 and going up $3 for example, so it doesn't have to necessarily be $5 in a particular direction, and it's apparent that the days of $5 moves have come to roost. I think you are right about what will happen, but I just don't think it will happen so soon because of the ability the CME has to push the price down any time they want. Anything is possible though, I've been wrong before.

 

Call options for SLV Nov ( 8 days to go) $40 weekly goes for 5 cents ASK each, should make about $7 each in your 2 days. So how many are you holding? Or do you have any skin in the game at all? Just curious.

Jim

 

I personally do have some silver rounds and junk coins I collect from rolls.

 

The path of least resistance for silver is still up. Beyond that, it's all guesswork.

 

Collecting Silver

This may not apply here but, I've collected silver dollars and other US coins for many years. I got excited early this year and decided to sell some in April when it was in the high 40's. I couldn't sell my coins when it came down to it. I'm buying bullion now since the price went into the 20's but I could make a better profit on those 4 & 5 dollar coins I bought years ago. I guess that makes me a true coin collector, but I've quit collecting and am buying something I don't mind letting go of. Anyone else have issues with selling their collection for profit?

 

No concern whatsoever, especially when I've had my bullion when it was under $10/oz. It will only be a problem if you buy and sell so soon from each other. A lot of people were selling when it was at $50 back in May. Buy and sell when it makes sense because nobody knows where this market is heading.

 

I don't have plans to sell my collection no matter what the world does or what silver does.

 

Excellent post. Returns are geometric, not arithmetic, and therefor a 10% decline is more severe than a 10% rise is good. This is the foundation why long term stock return charts have to be analyzed skeptically, since many historically have not calculated cumulative returns properly. OTOH, other calculations have ignored dividends, an equally severe miscalculation.

Chris