Silver prices to the moon!!

so I was wondering what happened to these forums...did all the silver/gold bugs die from the 1st frost of this season?

also why isn't silver at $50-80 an ounce now?

I wonder who or what is manipulating this now...

'steps off soap box'

ok in all seriousness why is silver at $21.55? as far as I know Bernanke is setting still on QE infinity til at least 2016 and his replacement is far more into injecting money into then Bernanke ever was...

Is it really just people see PM's as an investment and put all the money into the stock market as it's on a seemingly endless tear now

 

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The world economies are recovering. The US economy is heating up with a huge oil and natural gas boom. Iran will soon be pushing more oil into the global markets. Both factors will reduce fossil fuel costs that will lead to a release of money into the world economies. Meanwhile, folks are moving their money back into US equities. I think that they are a lot late to this party. Thus, I'm now shifting money into European equities. Europe is 2-years behind the US and will probably see a US like recovery in 2014. With stable world economies over the next couple of years, silver and gold will hover in the twenties barring something totally unforeseen. I have some money in silver but it is only about 5% of my porfolio. I can't see silver hitting $50 for quite some time. On the other hand, silver demand will remain strong, which won't let the price go below $20 for too long.

 

The bottom line is, silver will only have the potential to reach its fairy tale values, as predicted by unscrupulous hyenas, when doom and gloom prevail. The worst prophecies would have to come true. Communication, transportation, law, etc. would have to cease to exist for an undetermined period of time. In other words, if you are sitting in your warm home with a fridge full of groceries, plenty of electricity to power your computer and reading some wacko's silver prediction, chances are it's BS.

 

No one has a crystal ball...

 

Let common sense guide you. The middle class disappearing into a lower class is a fact. The rich getting richer, throughout the entire world crisis, is also a fact. This is not a recipe for Armageddon. Silver has no ground on which to flourish. Manipulation of precious metals is just another tool to make money. Bubbles go "POP". You don't really need a crystal ball for this.

 

Oh, you saw this post too? http://www.cointalk.com/posts/1810830/ Darn the listing has ended. Oh well.

 

"I wonder who or what is manipulating this now..."

Maybe the Hunt brothers Grandkids.

 

At least one of the original hunt brothers is still alive, and has rebuilt his fortune in oil.

 

To da moon! Far more volatile, in the next hyperbolic rise....

 

I will be throttling down my purchasing until I see what my health care looks like next year. Work is promising little to no premium hikes, but we all know how that usually ends up.

 

I remember the Hunt brother saga very well when they tried to corner the silver market. I suppose the black gold is far more profitable than the silver anyway.

Dave

 

How do you figure that it's down? It went from $5 to crazy in the last decade and stabilized at $20 t0 $25. What if you buy and end up sitting on $25/oz silver for 20 - 30 years, while the price fluctuates between $8 to $13?

 

Have you checked the price of oil lately? Consumption of oil is down and the prices are following. This trend will likley to continues as NG steps up to the plate as a cheap clean fuel. Also have you noticed th mpg's that car manufactured are getting out of cars the last few years? this will also put pressure on oil. As oils goes down, so does the cost of about a million things, including mining.

Also why do you say that AG/AU prices are down? It all depends on perspective, from my point of view they are up big time.

Mike

 

Does anyone have an opinion on what might happen to PM's and oil if Fukushima blows? Or will there just be more demand for duct tape and zombie movies?

 

So I want some individual opinions. With the price of silver around $25/oz is it a good time to stock up on some silver? Eventually in my opinion the price will go up. I don't know when it will and no one does but I do believe it will eventually have to go up. I'm just wondering in everyones opinion, is $25/oz a fair price to stock up or do you think it will go down even more relatively soon?

 

I was at a good sized local auction over the weekend, hoping to pick up some GSA CCs and silver bullion. Not one piece of silver bullion (non ASE) went for under $28. (I had better luck with the GSAs.) Some rounds and bars that were newer went for $33-35 as well. (never knew happy graduation 1999 and merry Christmas 2003 could of been so popular)

I frequent the shops in my area and cover roughly a 75 mile radius on a regular basis. Most of the dealers have no trouble selling their silver bullion and usually get anywhere from $2-5 over spot for basic bullion, and $5-8 over spot for common date ASEs. I don`t see bullion gathering dust in their cases unless they have jacked it up for some reason.

I`m always talking to people and trying to get a feel for what`s happening on ground zero as I call it. (everyday people who are not day traders) I still meet newbies who are looking to get into the PMs and who have no desire to go through places like Monex, Goldline etc. They don`t care about ETFs either.....they just want to own physical silver and or gold and are inquiring with the local dealers about how to do it. I honestly don`t see the PMs lagging in my neck of the woods......Other areas may be different.

Investing in anything is a gamble, and I`m a firm believer in one gambling on the PMs regardless of what Wall Street is doing. (Ironic how One does not need Wall Street to own PMs either) On one hand an analyst will tell You that the PMs go with the market....yet the Dow is at record levels. On the other some are saying that PMs are a hedge against inflation and will do well with QE 850, (or whatever the hell it`s at now) yet both of these predictions have been flawed. One`s guess is truly on par with another`s, despite them being an "expert."

 

And to answer the question that jtwetzel has asked......I never stopped buying silver in the last 5 years. My choices did indeed change when it was $45-$49, as I stopped buying older silver bars that carried a good premium, but I only slowed a little regarding common bullion. I realize that I`m probably not the norm regarding investing in silver, but I know what I believe and act on my convictions. Everyone should do the same, regardless if We agree with each other or not.

 

Near the beginning of the year, when gold was over $1600/Oz and silver was over $30/Oz, I predicted a year end price target at $1325 and $25, respectively (I would link to the post, but the search didn't go back that far).

Anyway, the Gold target may be met, but Silver looks like a miss. At the beginning of the year, the Gold/Silver ratio was around 53...now it's over 60. I thought Silver would hold up better than that.

45 days to go...we'll see.

 

Keep in mind that interest rates are at all time lows. As economies strengthen, interest rates will rise. Rising interest rates are bearish for PMs.

I would also point out that $85 Billion/month are flowing into the US market alone. When companies can borrow at 3% and buy back shares yielding 6%, available shares decline and prices rise...independent of any economic recovery.

Stock market recover doesn't always equate to economic recovery. If you believe the economy is actually improving, underweight PMs. If you believe the economy is still vulnerable, overweight PMs. Oh...and don't fight the Fed!