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Silver Decline: What Is Your Trigger Point?
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<p>[QUOTE="Evom777, post: 1396622, member: 27123"]I`ll gladly go on the record and say that sometime around Sept. silver will be between $45-$55. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I will say that nothing involving the PMs would surprise me though. (especially silver) That said, I think that the trends that We have seen since roughly 04 will continue. (Dept. of Defense selling their silver stockpile to the Treasury Dept., mint shortages, promotion and popularity of the A.S.E. program skyrocketing, an increasing amount of silver held in ETFs etc) </p><p><br /></p><p>We can discuss the economy and the countless factors which might affect silver, but I have always taken a simplistic approach to it.....I believe the attraction to gold and silver (not platinum or palladium) is in Our dna. One does not have to be religious to see that the book of Genesis refers to those two metals as having value. How many quests were (and still are) launched in the hopes of finding gold? When the word treasure comes to mind We think of gold. (and maybe silver to a lesser extent) Ever held a good chunk of either in Your hand? (10 ounces+) Words simply don`t do it justice. </p><p><br /></p><p>Nope, I`m not worried at all about silver dropping back down to $6-$7. Even the average person who is out of touch with current events can feel that something "just aint right these days." And as Our current president once said that people in hard times will gravitate to their God & guns.....I would like to add the PMs to that as well. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Evom777, post: 1396622, member: 27123"]I`ll gladly go on the record and say that sometime around Sept. silver will be between $45-$55. :) I will say that nothing involving the PMs would surprise me though. (especially silver) That said, I think that the trends that We have seen since roughly 04 will continue. (Dept. of Defense selling their silver stockpile to the Treasury Dept., mint shortages, promotion and popularity of the A.S.E. program skyrocketing, an increasing amount of silver held in ETFs etc) We can discuss the economy and the countless factors which might affect silver, but I have always taken a simplistic approach to it.....I believe the attraction to gold and silver (not platinum or palladium) is in Our dna. One does not have to be religious to see that the book of Genesis refers to those two metals as having value. How many quests were (and still are) launched in the hopes of finding gold? When the word treasure comes to mind We think of gold. (and maybe silver to a lesser extent) Ever held a good chunk of either in Your hand? (10 ounces+) Words simply don`t do it justice. Nope, I`m not worried at all about silver dropping back down to $6-$7. Even the average person who is out of touch with current events can feel that something "just aint right these days." And as Our current president once said that people in hard times will gravitate to their God & guns.....I would like to add the PMs to that as well. :)[/QUOTE]
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