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Next step silver - over $20.00
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<p>[QUOTE="Otter, post: 720167, member: 3464"]<b>The dilemma -- Bulls and Pigs</b></p><p><br /></p><p>In my view, there are significant macro economic trends that devalue the $ and therefore make gold/silver attractive long term. There is also the old market adage, when everyone is doing the same thing, do the opposite.</p><p><br /></p><p>My understanding that gold/silver bullion sales continue to be strong due largely to continuing fear -- fear of a double-dip, fear of continued weak dollar, fear of fear.</p><p><br /></p><p>So when does a Gold Bull become a Gold Pig and get slaughtered?</p><p><br /></p><p>While spot continues to rise for gold/silver, it also appears (someone please confirm/dispute) that the premiums to spot have escalated. I have seen anywhere from $40 - $90 premium on AGEs....It would seem a return to <$1K at some point is going to (for some) kill demand and hence the premium resulting in a double whammy for those holding it.</p><p><br /></p><p>I still have a bunch of silver, but they are all were acquired in the sub $10/spot range.</p><p><br /></p><p>So is $20/silver and or $1200/gold the line???[/QUOTE]</p><p><br /></p>
[QUOTE="Otter, post: 720167, member: 3464"][b]The dilemma -- Bulls and Pigs[/b] In my view, there are significant macro economic trends that devalue the $ and therefore make gold/silver attractive long term. There is also the old market adage, when everyone is doing the same thing, do the opposite. My understanding that gold/silver bullion sales continue to be strong due largely to continuing fear -- fear of a double-dip, fear of continued weak dollar, fear of fear. So when does a Gold Bull become a Gold Pig and get slaughtered? While spot continues to rise for gold/silver, it also appears (someone please confirm/dispute) that the premiums to spot have escalated. I have seen anywhere from $40 - $90 premium on AGEs....It would seem a return to <$1K at some point is going to (for some) kill demand and hence the premium resulting in a double whammy for those holding it. I still have a bunch of silver, but they are all were acquired in the sub $10/spot range. So is $20/silver and or $1200/gold the line???[/QUOTE]
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Next step silver - over $20.00
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