silver....and we appear to be at $40 again!

http://www.kitco.com/charts/livesilver.html did we ever doubt?:thumb:

 

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Now it just needs to drop down to $15 again so I can buy more:devil:

 

Will Goldman Sacks try to drive the price down again, once it's close to $50, by putting the pressure on to raise the buy on shorts?

 

You are mistaken my good friend the bubble is at 39.74
http://www.apmex.com

 

$39.78 and moving in the correct direction

 

I thought the markets open on Monday :X

 

Due to the international date line, the Pacific markets on westward open in the evening. Now Monday 1:40 pm in Melbourne.

 

Maybe a good time to dump some silver.

 

It's Monday somewhere.

 

The normal trading pattern for gold and silver over the years seems to be that the price has to test and back off of an old high several times before breaking out. I don't think this has anything to do with GS. It's just what passes for normal with these metals.

 

If it ever does hit $50 im selling my stash

 

yeah, i left normal at the door when i came in this place

you really dont know what it will do short term at least

hopefully long term it will just be up

 

Wrong bank. Try the big one that with a short name that starts with a J.

 

Not I...I'm waiting til I see $125 might happen might not! My kids may end up selling once I'm gone!

 

Gold and silver are dropping like a lead balloon right now.

 

Which is exactly why I sold yesterday.

 

Sorry, but on this discussion forum, cause has to precede effect.

 

Not only that, but I wouldn't get too excited about a drop of $12 below the $1600 mark, which is three-quarters of 1%. It's going to cost more than that to buy back in and pay the taxes on the sale.

 

I understand your feeling, but when? If it hit $50 this year I would sell some, if it hit $50 in 4 years probably not. Remember every year these SHOULD go up in nominal dollars. In 5 years I think $2000 gold would be relatively normal as well.

 

Of course had anyone said five years ago that $1500 gold would be normal in five years, people would have said they were crazy. Five years from now gold could be 2000, 3000 or 225. I'm hoping the bubble burst by then and we're back at 1990's gold so I can complete my gold type set. I've never understood why collectors would want the price of their hobby to quadruple and be happy about it...thats insane.
Guy