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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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<p>[QUOTE="InfleXion, post: 1572850, member: 29012"]I also put a very slim chance silver breaks $50 without another, bigger MF Global or outright failure to deliver the metal on the COMEX. Plenty of room to raise margins otherwise. Gold will have to break $2000 for this to happen IMO which I put the biggest likelihood on happening due to instabilitly in MENA. Ultimately I believe it will take a silver shortage, so I watch the COMEX inventories which at last estimates are around 200 MOz, which is roughly 10 weeks worth of mining supply. Not a lot of room to breathe if you ask me. </p><p><br /></p><p>To my knowledge (per Reuters) Germany is willing to accept a written response of their gold audit, and will trust the Fed's word. That gold is under Manhattan at the bottom of the ocean. It has a very interesting vault system design that is for all intents and purposes impossible to rob. It commands a high level of trust. Fort Knox has the nation's money, and it is probably not there, but there is little concern about Manhattan apparently.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1572850, member: 29012"]I also put a very slim chance silver breaks $50 without another, bigger MF Global or outright failure to deliver the metal on the COMEX. Plenty of room to raise margins otherwise. Gold will have to break $2000 for this to happen IMO which I put the biggest likelihood on happening due to instabilitly in MENA. Ultimately I believe it will take a silver shortage, so I watch the COMEX inventories which at last estimates are around 200 MOz, which is roughly 10 weeks worth of mining supply. Not a lot of room to breathe if you ask me. To my knowledge (per Reuters) Germany is willing to accept a written response of their gold audit, and will trust the Fed's word. That gold is under Manhattan at the bottom of the ocean. It has a very interesting vault system design that is for all intents and purposes impossible to rob. It commands a high level of trust. Fort Knox has the nation's money, and it is probably not there, but there is little concern about Manhattan apparently.[/QUOTE]
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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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