silver rebounded, gold price dropped silver yesterday (friday) rebounded from a low of $7.61 to a high of $7.86 and closed at $7.83. recent high is $7.91.
gold and silver down oh my god! silver down 5% from its high. but stock market rebounded. it is o.k. for me. cause i invest both market.
I keep reading different sources that all predict that silver will go up to as much as 20 to 50 dollars an ounce this year. I don't know why people keep saying that but I imagine that it has been being predicted for several years now.
I think silver will be back down to ~$7/oz. soon. There's plenty of silver to go around for anyone that wants some. I haven't bought since it jumped up from the $7 level, and I think I'll be buying again soon when it drops. Just my opinion....
You can get 10 oz. silver bars on eBay all day long. Stick with the name brands like Englehard, Johnson Matthey, Apmex, Northwest Territorial Mint, etc.
With this new Fed chief we will see the "measured" increases in rates stop and may even see them lowered. This will cause inflation (VERY BULLISH for silver!!) and you may know I am not a metals bull.
If only investing was that easy... Depending on your confidence level, you should put up to 100% of your assets into interest rate futures and make a quick fortune by acting on your analysis. I like silver and silver coins a lot, but it's because of the long term fundamentals and not any particular person and what he may or may not do, assuming his nomination is confirmed.
well, we better start hitting the gravy train on the franklins. they've only got .36 ounces of silver each.. but recently one of my family members from puerto rico started collecting 20 balboas from panama. he's got a few hundred of them at ~4 ounces each.
Long term silver and gold are weak. Over the next 18 +/- months they will continue up for a variety of reasons. This will be a nice little run up but do not be the last one in. I will not participate in this short term run up (I am a buyer of silver at $4.50).
I keep up pretty well with just about every credible silver analysis available. I've never seen this prediction anywhere. Can you post a source or two to support this claim? And anonymous claims from kids on yahoo message boards don't count.
Those days are gone I'm afraid. My grandfather gave up beer and swore he would wait until the price went back to 5 cents. He was sober for the rest of his life. Don't be the last one to recognize the structural changes going on. This is what got me back into coins in the first place.
I have played the role of bagholder on an investment in the past (call it tuition), this is the same sort of buildup. These metals may peak high if inflation kicks in (and it will) but falls are always quicker than buildups. My advice: stock up your garage with toilet paper (before it peaks at $1.00 a sheet).
Nobody knows the future. But analysis can provide clues to the probability of different outcomes. Commodities that sell below the cost of production combined with annual demand that is greater than new production are high probability bets. The phrase "if inflation kicks in" is one I can't relate to. It's already here and has been for some time. It just isn't in the statistics. But it's easier to know what will happen than when.