Silver Will Not Top $20 Again Homies

$21.05 YAY. My prediction was correct this morning. Just kidding guys and gals. Just some comic relief...or at least an attempt at one.

 

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Well, the blood sure stays on the blade in this thread.

Seems like everyone has come in here to take a stab at it. *grin* But seriously though, it doesn't bother me that silver is over $20, seems like the majority of people here are content with it.

 

Not me! I lost the BullionStacker Mid-year Price of Silver Contest! In May, I guessed today's price would be $19.99 today.

 

silver could test $25.00 an ounce this time. silver is the only one that did not rise while others did much. see this metal up like a crazy horse soon.

 

You are mistaken if you think that inflation is a mere 2% or less. The cost of gasoline at the pump has gone up 15% in the past six months. (American Institute for Economic Research here.) The price of breakfast has increased 4% in a year, led by pork up 52% this year. (New York Times here.) From January 1, 2010 to June 30, 2014, the National Debt rose from $12 trillion to $17 trillion, a 40% increase in 4.5 years. In 12 months from June 2013 to June 2014 the increase was 5% from $16.738 trillion to $17.632 trillion. (US Treasury Calculators here.)

Primary silver production accounts for only 30% of the new supplies. (Silver Institute here.) Copper mining is a large source of secondary silver and we live in an electrical age. Copper mining is sensitive to industrial demand, of course. But the third-largest secondary source is a gold mine in Mexico, which lost money in 2013.

And then there is the naked short selling of silver futures by JP Morgan Chase, which everyone know about.

Overall, there is only so much silver on Earth, only so much in the seas, the asteroid belt, and the universe. However, no limit exists on the zeroes you can put after the 1 on a paper promise. Long term, short term, the fundamentals never change.

 

Anyone who believes the inflation figures should discuss it over tea and crumpets with their nanny and house keepers.

 

Still around $19.50. Is Eminem right? Will it hover around here, or will it go over $20, so we can feel vindicated?

 

Hehe that's right my prediction is still valid homies :$

 

Actually Slim Shady...it's busted $20 several times since you started the thread back in April...ah-ight?

Tru dat!

 

... and considering it went over $21 and stayed over $20 for a significant run, it's not like it was just there for a brief moment either...

 

"Baby because I'm a thug" you are a genius sir. Can I ask how much you made when you shorted it back about 6 weeks ago? I mean when It got to $22 ish you had to know it was coming down. Good job homes

 

I always short things. It's the most patriotic thing to do homie

 

I like Eminem.

 

I'm glad we succeeded in bumping this thread back to life, but not so psyched to see the price of silver dropping perilously close to under $19 again. What's going on? I guess there is a buying opportunity coming, or could it be capitulation in the face of an endlessly rising equity market?

 

the fact that the stocks are high and trust in the dollar are lowering the silver prices, I cry every time.

 

Alternatively, I'm happy to see sub-$20 silver and look for it to drop further.

I like "cheap" 90% junk coins.

 

Your avatar of eminem and you trying to be eminem is just really pathetic !!

 

what's so bad about it, homie? xD

 

I'm beginning to see you as wonderful
contrary indicator. Maybe I'll buy some silver today.

 

Haters gonna hate homie. But I'm not letting your anger bring my down I still be stacking homie