Message:

<p>[QUOTE=&quot;Owle, post: 1530428, member: 22004&quot;]I am hoping silver will continue to climb though I am philosophical about the ups and downs.</p><p><br /></p><p>I was talking to a fellow who used to spend a lot of time around gold traders.&nbsp; He said that the euphoria as the metal rose fed a preposterous competition for the hights it would eventually reach.</p><p><br /></p><p>&quot;I see gold hitting $2500 by end of year, the supply and demand and the breakdown of the dollar make this a given.&quot;</p><p><br /></p><p>&quot;Are you kidding me?&nbsp; With all the new investors and governments and even billionaires jumping on the gold and precious metals band wagon, and the certainty of QE3 we should use $3500 as a baseline for minimum end of year prices&quot;.</p><p><br /></p><p>Trader 3:&nbsp; &quot;You guys are completely unrealistic:&nbsp; this is a perfect storm of biblical proportions.&nbsp; By the time the financial breakdown has run its course, and we are just in phase 1, we should top $10K an ounce, but $4000 EOY is an absolute&quot;.&nbsp; In the intelligence community they call this &quot;incestuous amplification&quot;.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in