2011 GOLD high $1,500.00, SILVER high $24.00

I think the air out of the balloon (USD value) will seep slowly and in an organized way. Meaning, we are not going to wake up to $5,000 gold tomorrow....otherwise it would cause total market panic. But if you do it slowly, very slowly and methodically, it's more acceptable. I mean, when PM prices drop, it's probably the manipulator pretending to trick the market into thinking that PM's aren't all that safe...but then slowly rises higher then the last peak. Kinda like giving the market a "bone" that it's ok for you guys to still do what you do on Wall St....

 

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Here is an interesting "technical" analysis of Silver. Good thread Elaine 1970. :>)
http://www.minyanville.com/business...15?camp=syndication&medium=portals&from=yahoo

 

Thanks dave92029. Silver might start over $20.00 on Tuesday. We can observe also the Asia opening on Monday.

 

Ok going out on a limb here but food prices will rise faster than gold or sliver.
think about it How much oz would you trade for food for your kids ?

 

I bought a Glock in case things get real desperate, and I need food, etc...LOL

 

now we have to say good bye to silver at $19.00's. next time we buy. it will be $20.00 and above.

 

nice one . hopefully it will not come to dat lol

 

Sep 05, 2010 18:36 NY Time
Bid/Ask 1249.40 - 1250.40
Low/High 1246.20 - 1250.50
Change +2.80 +0.22%
30daychg +53.80 +4.50%
1yearchg +257.70 +25.99%

 

Sep 5 2010 6:38PM NY Time
Bid/Ask 19.87 19.89
Low/High 19.81 19.96
Change +0.02 +0.10%
30DayChg +1.41 +7.64%
1YearChg +3.65 +22.50%

 

for the year...
+25.99% & +22.50% respectively.

and why do we keep money in a bank's savings account at this time?

 

"WE" , who said that "WE" kept ANY money in bank saving accounts? I never said that.

The last bank saving account that I opened was because the bank offered me $25 in start the account with $300 and leave it there for six months. After six months I asked what interest rate they would be paying me. The Bank's representative told me that I would have to leave $25,000 or more to receive ANY interest, BUT they told me my money was "safe"

Hummm. Gold and silver have the exact same rate of return as a bank savings account and IMHO are a lot safer, plus the potential appreciation is hugh. Duh...

 

Because this is what we've been bred and uncle sam wants you to stay the course. Too many bank commercials showing how happy you are putting your cash at their bank for 1% interest rate.....

 

Tekhen
My comments were intended to be funny. I meant no disrespect. I'm just not fond of banks. Please accept my apology if my comments were not funny.
Dave

 

Sep 6 2010 6:40AM NY Time
Bid/Ask 19.90 19.92
Low/High 19.83 19.97
Change +0.05 +0.25%
30DayChg +1.44 +7.80%
1YearChg +3.68 +22.69%

 

Sep 06, 2010 06:41 NY Time
Bid/Ask 1249.40 - 1250.50
Low/High 1247.20 - 1252.30
Change +2.80 +0.22%
30daychg +53.80 +4.50%
1yearchg +257.70 +25.99%

 

silver have overtaken gold as the second spot calculate since the end of last year closed.

palladium bid 527.00 ask 532.00 up 34.1%
silver bid 19.90 ask 19.92 up 17.1%
gold bid 1,249.00 ask 1,250.00 up 14.9%
platinum bid 1,562.00 ask 1,572.00 up 6.9%

 

I will say that gold will be $2400 and silver $35 by the end of 2011. It's a bull market after all.

 

Sep 06, 2010 10:35 NY Time
Bid/Ask 1249.00 - 1250.00
Low/High 1247.20 - 1253.00
Change +2.40 +0.19%
30daychg +53.40 +4.47%
1yearchg +257.30 +25.95%

 

Sep 6 2010 10:36AM NY Time
Bid/Ask 19.88 19.93
Low/High 19.83 19.97
Change +0.03 +0.15%
30DayChg +1.42 +7.69%
1YearChg +3.66 +22.56%

 

gold high -$1,253.00/oz.
silver high - $19.98/oz.