Next step silver - over $20.00

The ratio of silver to gold has gone from over 66:1 to under 63:1
Some believe that the "normal" ratio s/b around 54:1 which would make give us $1300 Gold and $23 Silver, which I believe to be much more realistic targets in the term term. Just my guess.

 

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She already knows her next PoS and PoG levels so a new thread could be created now or as soon as silver touches this arbitrary mark.

 

wow silver is really close to $20

 

If $23 is near term, there's plenty of buying and holding onto to be done.

Since it will likely be longer than we expect, there's a lot of time to make acquisitions.

 

odd thing about silver today is that the dollar is stronger against the yen

 

If $2.50 over spot is a "normal" markup, that is 12.5% and 23 is a 15% increase from where we are so IF you bought NOW, you would have a slight profit / break even at a $23 Spot. That $2.50 markup is likely to increase as the Spot price increases (look at gold retail vs spot).

Selling via places like eBay are murder. They charge a listing fee, a 9% sales fee and a 2.3% PayPal fee. Right now eBay fees eat up approx. $2.50 /oz

Buy now or on dips below $20 IMHO

 

+1 but avoid eBay unless you can take advantage as a Buyer of eBay Bucks program.

 

I believe to buy now, my uncle is a big financial investor in Manhatten and when I spoke to him this morning his opinion is that we won't see silver's high until late Sept to middle of October. I think that by November we will see silver @ $23.00 for about a week

 

CURRENTLY:

GOLD: $1,250.70
Silver: $19.91
Platinum: $1563
Palladium: $533

​

 

come on 9 more cents

 

CURRENTLY:

GOLD: $1,249.30 -- High so far today $1,252.10
Silver: $19.90 -- High so far today $19.97
Platinum: $1561
Palladium: $534

​

 

wish it would hit $20 already

 

Sorry Elaine. But silver did not hit $20/oz. today or this week as you asked. I will try harder to make the magic happen for you soon.

CURRENTLY: After the US market close for Friday, 9/3/2010

GOLD: $1,247.60 -- High $1,252.10
Silver: $19.87 -- High $19.97
Platinum: $1,561 -- High $1,571
Palladium: $533 -- High $537
​

 

why did you not call me up and between the two of us we could have make the magic happen:u*meY: . we were only 3 cents away :so-sad::computer:

 

It's a holiday weekend here in the States... I'll hit ya' up next week Dave. Promise.

 

even with her new thread

 

I foresee no involvement on my behalf in her new thread. As soon as we reach $20 on this one it will be useless to continue on here. I think this one and the other on gold at $1,350 suffice to prove how untimely her predictions are, here at one year and still shy of $20 PoS and far from $1,350 PoG. No, for bullion discussion, I will take up other topics, not just monitoring prices and prediction follies.

 

good choice as far as i am thinking. Any body's guess .
the way i look at it keep on buying , like i am paying 20 euros for a oz with exchange rates thats going on $24 a oz. so this thread is over as far as i am concerned .dave

 

The closer she gets the longer she seems to take to breech the $20/oz. barrier... just because it's this close doesn't mean it's a sure thing in the very near term, but it 'could' reach this point soon too.

Silver To Gain Momentum Above $20 from Kitco.com 9/3/10

 

Almost to $20.00:thumb:!