Continue uprend for silver ($60.00) & gold ($1,023.00)?.

silver now $14.68

silver continue to roll up. as of this minute. silver high is $14.68, gold is $633.70, ratio is 43.17 to 1

cost of american eagle unc bullion coin is now $17.18 each. few months ago was only $9.00 more or less. while the $5.00 common date gold modern commemorative coin now worth $185.00 to $190.00 each.

other samples: dealer bid, dealer ask and retail price should be:

modern commems dated 1983 to 1988 bid 13.50 ask 15.00 retail 20.00 (capsules only) with box and coa command more.
5 pc silver statehood quarters dated 2004 bid 16.25, ask 18.00 retail 24.00 (case only) with box and coa command more.

p.s. after new york closed. in other places, gold hit a high of $642.60 while silver reached $14.76.

 

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Silver Price Expectation

I wonder whether the picture below has something to tell us about the price of silver we can expect in the coming months.

 

Not to nit-pick, but the POG record is generally considered to be $850, although I've seen a few other numbers "quoted". At any rate, the spike in price above $700 only lasted a couple of days, so the real "overhead resistance" technically speaking, should be between $690 & & $700. Take a look at these two charts from Kitco. http://www.kitco.com/scripts/hist_charts/yearly_graphs.cgi

 

If you follow the link, click on historic charts, gold...in the FIVE YEAR GOLD box click 1980-1984, or the single year 1980.

 

pog limit

I think technical analysis make sense in short term 2-5 years max if you look at daily data. To get 700$ from a market 20 years ago seems somewhat illogical to me. Market is different from what it was 20 years ago, plus at the very least I would be inclined to factor in at least some inflation adjustment. Otherwise, technical analysis becomes like pulling magical numbers out of nowhere.

 

My recollection was that the record prices in gold and silver are taken from the futures market at the time, not the real physical "street price" that the average person could get. I'm not sure that it was even possible to sell a gold coin [probably a Krugerrand at the time] at $850 or a silver coins at $50 for even one day for the average person. I remember dealers and smelters turning people away because they had a surplus of a few weeks inventory on hand and didn't want to commit to buying metal they didn't need at the amount of the price spike. So I just smile and turn away when someone tells me how they sold their "hoard" at the very peak price. Coin dealers and commerical buyers never got as crazy as the speculators in the futures market.

Regarding technical analysis, it works fine for anyone who has really studied and mastered it [i.e., not many]. Those who say it doesn't work really mean that THEY can't make it work.

 

silver down

silver down 50 cent from high right now. will it be correction. or the end as of now.

 

Don't fight the current

 

I pick up about 200-300.00 a week in Silver rounds or 10 oz Bars... If the POS drops in half, I"ll be able to take home that much more for my money...

I'm in it for the long run...

 

silver crushed?

silver downed 20% from its high and started to recover a little bit.

 

and there goes the silver spike

 

http://www.kitco.com/charts/livesilver.html
Pull back or falling knife?

 

Dump your silver fat, old Americans! HA-HA!

 

gold and silver on its recovery

silver went up over $13.00 again. some even suggest that the gold wll hit $3,000.00 instead if $1,000.00. that's mean silver could go up to $100.00 per ounce. what you think?. i guess. crazy, dreaming. you determine.

 

More importantly, what do you think? If someone told me they "heard" gold was going to be $3,000 an ounce, I sure wouldn't be repeating it on a forum. I am now dumber for having read that!

I heard yesterday that Bill Gates abducted the planet earth and wants a ransom of......one millllllllllion dollllllars!
moooaaaaaa...mooooooaaaaa....moooooooaaaaaaa!

 

more upward for gold and silver

now some are saying the gold will up 10 times to $6,000.00 an ounce in 10 years period. if only dow jones up 3 times in its average. wow, that's means silver could go up to $250.00 to $300.00 an ounce within 10 years.

 

...And this thread is discussing U.S. Coins how again? :rolling: :computer: