Future price prediction for silver & gold

Margin buyers cannot be to happy!

 

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Wheredo you all see it next???

Up 50+ cents or down???

 

I bet it goes down a bit more tommorow then levels off next week at about the 10-11.50 range. I would have thought with crude still being high that there would not be such a sell off.
I wonder how much 90% silver got melted this week?

 

silver moving again

gold and silver on its recovery now. they even talking about the gold will reach $3,000.00 an ounce instead of $1,000.00. that's mean the silver will be how much? you figure it out. $100.00 an ounce for silver.

 

Sad to think of all the coins that are being melted right now. Last week I was talking to abullion dealer. He sent 40k in face to the smelters. I have to wonder if any of them were searched. Anyone ever wonder what the true available mintage of the 21 morgan is now? I dont mean the amount minted.. bt the amount that has survived? I remember the 80's melting flurry. I recall personally seeing bags after bags of Morgans heading for the smelters.

 

From reading your post, I now wonder....

Lets say there are 2 Million of a certian Silver coin minted...

Silver sees a huge spike. A bunch of that coin is melted... Now there are less of that coin in hands and avalible, never to be minted again, making them even more rare....

Is there any tracking done, does it actually increase the value, how do we know???

Does my thought make sense???

 

makes plenty od sense dude!
I wondered when I melt my 64 roosevelts that are in AU shape down if it will do anything for the numismatic value of the surviving dimes?
bandito

 

I don't believe that there is any way to actually know what still exists in private collections and what has been melted into history. I do think that there are those that attempt to estimate the remaining supply of specific coins but probably in order to bump up the price of their own supply and therefore the estimates must be taken with a grain of salt. I think that silver coin values may increase generally across coin types and only gradually as a result of a spike in silver prices but coins increase in value over time due to many factors and it would be hard to say exactly how much a temporary spike in silver really contributed to any increase.

 

within may and june, 2006

i predict the gold will hit $850.00 or a little bit over and corrected somehow to $700.00 area. which is the current price. gold certainly will break the all time record. and i also see silver reach $18.00 area and back down to $15.00. but if the ratio between gold and silver go down to 42.5 to 1 again. then silver will have a chance to hit $20.00.

 

Silver and gold Down big today....

Golod Spot $681.40 -$33.40 -4.68%
Silver Spot $13.31 -$ 1.06 -7.38%
Plat Spot $1,282.00 -$35.00 -2.56%

What a wild ride...

 

What a day! What a way to start the week, Have Metals ever dropped so much in one day?
I had no idea we were going to see such a drop off, this fast.. I thought we were safe for a couple of days.
Courtesy of CNN.com
Industrial and precious metals fell as bullish sentiment faltered. Copper, which hit a record high last week, dropped as low as $7700/7900 a tonne, down 8.8 percent from Friday's close, before paring losses to $8265.

Gold slid as low as $687.60 an ounce, down 3.7 percent from $714.10/715.10 on Friday in New York. The metal reached a 26-year high last week.

"These things are in a speculative bubble and today the speculators have decided the risks are a bit bigger than the returns," said Tony Dolphin, director of economics and strategy at Henderson Global Investors.

"There's a worry about its impact on inflation but I guess there's also a worry about the impact on profit margins and ultimately the impact on consumer spending as well," he said of the jump in energy prices.

You think the Sun will come up Tommrow Bob?

 

I predict silver will hit the $20 mark by the end of the year.

My predictions are rarely correct, so, anyway.


:mouth:

 

It will bounce past the tough $15 point and who knows from there?

 

If any of you actually believe you can predict the short term fluctuations like this, or believe that someone else offering free advice on the internet can do it for you in the articles you are obviously reading, my suggestion is to back your opinion with all of your money in the futures market. Within months, you will either be lunching with Warren Buffett, or someone will be arriving at your house to repossess your computer.

 

It is kind of funny though. But at least there is a record of the wild-guessfest that should teach people that no one really has any idea of where metal prices will actually end up.

 

Why the heck is Silver going down and gold and everything else going up?
I thought if gold went up everything did!
This makes me sick!

 

I wish it would either hit the floor so I could buy it by the truck load and stock up or go up to 20.00 just to stuff it in the face of all my buddies that laughed at me for buying it at 8-12.00 an Oz ...

Really, I'm just getting bored 13.x and 14.x.... Bouncing like a yo-yo... I'm saving it all till I retire or get really close, then I'll decide when, what and how much to sell...

 

Yea I am totally with you! let it crash! then we'll hoard it, but enuff with this up and down crap!

 

gold and silver rebounded nicely

gold and silver prices went up nicely. this year average price for gold is set at $650.00. just a reminder.