Silver surpasses 15.00 an ounce

The only way that might happen is if the US mint goes back to silver coinage

 

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This post is OT!

How about helping out a fellow ct member.

http://www.cointalk.com/t58650/

 

I think it would drop under $900 if the economy made some kind of massive comeback. Many people that invested as a safeguard against currency would feel a bit more safe and sell off parts of their invesments. I don't think that will happen any time soon, but I could see that scenario playing out in the future.

 

I think by the time that recovery happens, the inflation of the dollar would still make gold above 900$

 

I would buy but even buying 1/2 ounce coins costs a good amount. I save $1000 cash a month and only have $500 left for traditional investments plus $200 for bullion. Maybe I'll start buying 1/2 ounce coins.

 

and then falls like a rock:
14.69
-0.36

 

You bettcha!

 

There are about 2 hours left.

Does the dumping continue and it fall to 14.50 to 14.60 or will it stabilize and stay at 14.61 or more? My guess is it will stabilize, not enough gain to justify selling right now. JMO

 

I feel today will stablize, dip early next week then climb by weeks end again. Just my 2¢

 

Ended at 14.71, I think by wednesday it'll be passed 15.50.

Friday was a result of dumping to make some quick cash, just as a few people predicted

 

Just a thought, but I think this will not repeat itself next week. My guess is it will remain stable in the mid 14's or even fall back into the low 14 or high 13 range. I think that patter will remain for the rest of the month as well.

 

This first chart shows the GLD (Gold) ETF vs. the 10-Year Treasury Note. The inverse relationship through 2008 is what I would expect to see...the effect of the commodity's carry trade on inventories.

Around January of 2009, the chart reverses itself and gold begins moving in tandum with the 10-Year Note.





The SLV (Silver) ETF vs. the 10-Year Treasury Note shows it even better.




Since industrial production is down, I'm guessing the reversal most likely reflects a move out of dollars and into commodities (in this case Gold and Silver). These types of charts are helpful (to me, anyway) in predicting intermediate price trends.

...but I could be wrong. :goofer:

 

well. big down day for everything i guess. stock market predicted to go back down 25% to 50% from its current high.

 

Anyone who saved their dough last week can get some better deals today during the sell off.

 

I wish I didn't buy my quarter oz of gold last week

 

LOL! Live and learn, but don't regret that too fast, perhaps in even not that long term, you will be happy you bought when you did. Hold on to it.

 

True, I plan on holding on to it for a rainy day (or when I buy a new car in november ), but I'll probably have it for many years to come

 

instead of going up $1.00. it went down $1.00.

 

yay!! drop like a rock so I can buy alot!!

 

Well it seems silver's hit a bottom, predictions of how it'll fare from here?