Gut instinct, down by the end of the week, up around Jan 15th, then down until the Spring. But I'm only guessing! :secret:
It is frequently easier to determine what will happen than when. Nobody knows what will happen in January. Half will say up and half will say down, and the half that is correct will be convinced they knew it all along. But I'd be very surprised if both gold and silver are not much higher 5 years from now.
it definitely seems spiratic and you never know when its heading up or down but it does seem to make sense that as inflation increases the relative value of metals might increase as well... and it seems people are just realizing inflation is real... i think silver might be up over 20bucks by next year
One thing i have noticed is that it appears that the metal prices seem to be separating somewhat from the price of crude oil and the dollar. My feeling it the metals market is going up significantly in 2007 but probably "not through the roof" Despite recent drops in the metal market, I think they have held up real well considering the recent gains in the stock market and the strenght of the dollar.
they say it went to 45bucks an ounce in the 80's...people were melting down collectable spoons and such... does anyone here remember that happening?
Heck yeah! In fact there were lines of people on 47th Street in Manhattan outside the jewelry shops. It was a really wild time. I got married that year, and we paid a TON for our wedding bands, with gold even crazier than silver. I did manage to sell an old silver serving dish for hundreds of dollars, and just a month or two later it was worth very little, after the Hunts failed and silver crashed. Pick up a copy of the 1981 Red Book ( Guide Book of US Coins) and take a look at the base silver values. Junk silver dimes were listed at $3, and quarters at $6.25! It is fun reading about those times. In the back of the book it is noted that the coins are valued with silver at $35 (!) and gold at $650 an ounce. (At least we are seeing gold up there again).
