Silver up or down?

sh sh sh !!! its a secret

 

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That's what I said.

 

You're comparing ratio's and I am not. Commodities are intrinsically linked. There is a well established relationship between how gold and silver trade. They normally trade within the same time periods albeit in different ratios and amounts.

 

Then by definition, if they are "intrinsically linked" and there is a "well established relationship", then there should be a very simple closed to fixed ratio that holds between the price of each.

Since no such thing exists, then by your own criteria, they are not linked to each other.

 

all you need is a shoe box of gold.

 

No. You're missing the forest for the trees.

 

Buy some silver. If it goes up, and you sell higher than you purchased said silver at, you've made a profit. If it doesn't go higher, or if it goes down, hold on to it. If you haven't sold it by the time you die, it goes to your estate and at that point, you won't care about the price of silver.

If you don't buy silver because of the price or if you are unsure if it will go up or down, and you don't want to put yourself into something unless you know it will reward you, then forget about silver and even gold.

If you don't buy silver because you know the price you are wanting to get it at, and it never goes down that low, you will not ever know that point, because death will catch up to you and you won't care.

So... what will it be? No one on this earth KNOWS what the price of silver will be in a given period of time from now, because it hasn't happened. Even with a crystal ball.

 

get a shoe box of each

 

I don't claim to know much about forestry, but I know there isn't any relationship between gold and silver.

 

Buy low, sell high. If it goes up, you make money if you sell. If it goes down and you sell, you lose. That's the name of the game.

Will it go up? Who knows? Will it go down? Who knows.

 

That's an absurdly simplistic definition of "linked" or "having a relationship".

Would you say that overeating is "not linked" to being fat because there is not a "very simple closed to fixed ratio" between the number of calories you consume in a day and the number of inches around your waist?

 

The simple answer to the OP's question: Yes.

 

It'll go up. It'll go down. It won't do both at the same time, though.

 

My Magic Eight Ball says (It's never wrong by the way): Don't count on it.

So it's official, don't count on it.

 

Howdy,

Me too. I do remember buying a roll of silver eagles from Paul Sims that were around $90 including s&h. And yes, I wish I had backed up the truck.

Lots of this is not only being aware of the sale BUT having the wherewithall to take advantage. Years ago, the local ute got busted and their stock dropped to around $5 and I wanted to buy some so badly. Alas and alack, I couldn't afford it at the time. However, when the auto industry puked and Ford didn't take a handout I did jump all over their stock between $2 and $3. Sold around $13 or so. teehehe. Wasn't any smarter, though, just in the right place at the right time with the means.

I recently bought a roll at $718.

peace,

rono

 

Really? And your proof that it isn't, is a logical fallacy having to do with the medical issues of over eating? I will let the reader decide where the absurdity lies.

It doesn't matter to me if you wish to believe that gold and silver track each other in price, then completely ignore the pricing. When it comes to investing, if an absolute relationship can't be defined by simple math, then either the relationship isn't understood (very bad when it comes to investing) or is wrong. (sorry they emptied your pockets).

 

My guess is that silver will continue within it's downward stair-step trend from the high of $49 last may (currently on a bounce upward) until it steps down to the longterm trend baseline from when QE2 was initiated. It still hasn't dropped far enough to hit that trendline yet. Once it does, again just my guess, is that it will continue to get sandwiched between the longterm uptrend and the recent downtrend until it reaches a point where it must break one of the trend lines. It will either spell the end of the bull market, or the former area of resistance will become support. I expect at least one margin hike before then, but due to inflationary monetary policy (ZIRP), exponentially growing debt, and continued global instability I place a very high probability on it breaking out to new highs this year, but I don't think we've seen the last of the 20's necessarily. I could be completely wrong too.