Silver is "cheap" and "undervalued" according to some analysts

We need a new silver crystal ball/prediction thread:

http://www.marketwatch.com/story/why-silver-is-outperforming-gold-and-isnt-done-yet-2014-06-27

Silver is now "cheap" and "undervalued" according to some analysts.

Agree or disagree ?

 

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Whenever I see the word "Commodities" in the title of a page, the first thing that comes to my mind is "What are they trying to sell?" I remember back in the 90's when investment solicitations were hyping that silver would be going up in price. Gee! It only took 15 years for their predictions to come true.

Chris

 

Chris, the same solicitations were also sent in the 80's, the 70's, etc etc. The "predictions" have always been the same, regardless of market price. Yes, sometimes silver goes up. Then these "predictors" scream about how they were "right", and conveniently they are now predicting silver will be going "to the moon" next.

Whenever you read a "prediction" from a pm salesman, simply equate it to the "predictions" of used car salesmen. I have never met a used car salesman who didn't declare the car I was looking at "was a tremendous bargain, it probably will be sold in the next day or two so you should really not let it get away". Same with pm, the future is ALWAY up. Funny thing is, this is an extremely easy prediction. Long term pm will always go up since it will track inflation. So, predicting pm will go up long term is like predicting it will not rain today. The vast majority of days do not rain, bo the odds will always be in your favor long term.

Now, short term? Anything can happen. I would like to see how many of these "experts" predicted the devastating, (to those who bought over $30), crash of 2013. How many of them are writing articles admitting how wrong they were? No, they will brag and give you a link to how "right" they were in 2010-2011, but will never link you how absolutely wrong they were in 2013.

 

Heck, I'm waiting for silver to go to $75+ so I can sell all of the medals I bought when it was $5-6. LOL!

Chris

 

LOL, well, there no hurt in hoping.

 

if these guys were half as sure of themselves as they want you to believe then they would be buying all they could and not selling any until the price actually went up........

 

Lol yep. Reminds me of a story about stocks. You see all kinds of recommendations for stocks, and same thing. If they were so sure why tell others? There was one firm who published information on how to succeed picking stocks cyclically. The published an article and it worked, what they said mathematically worked. It was the last article they ever published. They actually DID know something, so quickly reasoned, "why should we tell anyone else about it?".

 

It's obvious that silver has more volatility than gold. When it goes up it goes up twice as fast, but when it goes down...

 

The guys who say that stuff are sure of themselves. Of course they are much more interested in selling you bullion instead of buying it. It all makes sense.

 

I didn't notice the article that was linked in the first post trying to sell anybody anything.

Some of you read way too much in a very simple article. I guess if you're looking for a red herring you'll find a red herring.

 

Really?

"“The real value of silver is far from being realized,” said Andrew Chanin, chief executive officer of PureFunds, which offers the PureFunds ISE Junior Silver ETF ". This from a man running an ETF that has his bonus tied to how profitable the ETF is, which will depend on how much of the ETF is sold.

So that man, associated with that quote, is not trying to sell anything? If that quote came from some professor somewhere, or an unbiased market observer, maybe. Sorry, but I consider any bullish quote from a man who will profit handsomely if I buy his pm product, to be a salesman.

 

Chris said it all.........

 

He's right, triple digits here we come!

 

So it isn't possible that he believes what he stated, he's just trying to sell you something. Got it.

You've moved from the bloggers trying to sell everyone to investment firms trying to sell everyone. I've got a newsflash for you, they starve if they don't sell their wares. It appears to me that he answered some questions for an article, and if he got free advertising out of it, good for him. For you to come out and act as if this article is just being used to sell is pretty ridiculous.

 

Ok captain shill

 

Your point (sic) goes down in flames and you start with the insults. Not cool at all.

 

That is WITH the decimal point right

 

Whether he believes it or not is really irrelevant. The gentleman's statement was a sales pitch, pure and simple and should be treated as such. To do otherwise would be bad for your financial health

 

See this,
Here
I am
Lacking interest in anything you'd
Like to believe...

 

Sir, do you go into a car dealership and assume the only reason the car dealer is saying something is for your benefit? You do not discount people's statements based upon how they personally might profit? If I told you today I own a Lanna coin that is "going to shoot to the moon pretty soon", but I am willing to sell you for "only $500", are you going to blindly trust me, or are you going to be leery of what I am saying because I would personally benefit from the sale?

Serious question. I really want to know what you think on the subject. Maybe I am wrong in assuming humans are greedy, and will say things because it personally benefits them.