According to this stock forecast published by the The Associated Press: http://www.washingtonpost.com/busin...and-oil-rise/2012/07/11/gJQAAPEYdW_story.html
"October platinum increased $1.90 to $1,431.60 an ounce and September platinum rose $6.35 to $582.95 per ounce." Sloppy writing: second platinum should be palladium. :rollling: Thanks for posting link. I am not surprised. Much uncertainty this Fall, with US Presidential election, potential QE3, etc., etc. Also, do not underestimate doomsday fears as we near 12/21/12 to drive up PMs. TC
Here's my 2 cents - it doesn't matter how high prices rise during a recession. If people can't afford it, they just can't. It's not that hard. High copper, oil prices and such are not helpful.
This one is easy. Grain crops have been devastated by heat and drought in the USA. Corn is especially problematic and futures prices of it have risen 50% in the past month. Those are real commodities where supply and demand are fairly easy to determine. On the other hand, Predictions of the paper price of PMs, is not so clear.
I'm not really sure what you're trying to say here. Are you saying predictions of high prices aren't helpful, or the high prices themselves aren't helpful? Also, it does matter how high prices rise, even during a recession. In general, if the price of a commodity rises, even to an unnatural level, it's because someone out there is willing to pay that price. Not everyone of course, but enough people to have an effect on the price. Keep in mind that during a recession, the people who can't afford to buy silver, might have silver they want to sell. Look back a little while when silver was at $45/Oz. There might not have been too many people buying at $45/Oz, but there were some, especially on FeeBay. If you were willing to sell at 10% below spot, you'd probably have had no problem finding a buyer. If you listed an ASE on FeeBay with a buy it now price 10% below spot, it would have sold within 10 minutes. Guaranteed. So yes, high prices are helpful, when you're looking to sell. I want to buy more silver. So high prices aren't helpful to me, but I think the market couldn't care less what I want.
I was thinking the same thing about dooms day. Also the supposed "zombie apocalypse". There have been many reports in the past few months of people who have been high on bath salts that have attempted and some who have succeeded in biting off chunks of human flesh and one report of some one biting off a chunk of a dogs flesh.
I sold most my silver when it was 40-50 dollars and ounce, and now spent it all in the dip under $30. Out here, the most you have to pay for generic silver is $1.00 over spot (sometimes not even that), and $2.00 over for nicer stuff, and $3.00 over for ASE's or similar. Junk silver in $25 face or more can usually be bought for silver value alone. Thats pretty fair considering ebay or big online outfits. At the end, with Gold and Silver rise, an extra dollar isnt going to matter much, but still I save where I can.
