Where is silver going?

Sometime before Christmas I made a little joke with a silver bug and he's holding me to my word. I wonder how close I can come to the rest of my prediction. I said that Santa will bring us a $20 1 oz. silver bullion round and the Easter Bunny will only have to spend $15 for the same 1 oz. silver bullion round. I've got 20 something days left.

 

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I would like to say that silver will maintain at $20/oz for the next 2-3 months then I think there may be a slow increase bringing us to roughly 25/oz or more around september/october. I do not see any huge bubbles beginning in silver or gold for that matter unless some sort of major economic struggle comes in the near future. I think there is little chance that silver will go below $18/OZ with a lot of people concerned about inflation and stockpiling silver. This is why the demand is healthy enough to support the $20/OZ we are currently at.

 

I disagree, the average person on the street is not concerned much about inflation. The reason being is simply there has not been much of inflation for a long time. The millenials have for the most part NEVER seen high inflation. The folks that are concerned are really a small minority of folks. For those who reads a lot about silver, it may SEEM like the whole country has inflation fears, because that is what the silver bloggers try to ram dowm you throat, but it does not represent the main stream view.

Now, as far as stockpiling silver, that is on the decline also. For 2013, the numbers are a bit misleading. While it is true that there were a record number of ASE's sold, because of the lowere price, the was actually a lot less MONEY put in the game. Interest in retail silver peaked in 2012 and is falling.

Mike

 

This is more about gold and inflation, but I am sure that silver follows the same pattern. Scary for bullion stackers.

http://www.bloombergview.com/articles/2014-03-28/the-real-price-of-gold-ritholtz-chart?cmpid=yhoo

 

Gotta agree. I sold my ASE's around 2 weeks ago, I can tell by the feel it's simply gonna drop and I hate losing.

 

Bernanke in a dress:

http://mobile.reuters.com/article/topNews/idUSBREA2U0XT20140331?irpc=932

 

Actually I would clasify her as being a bit more Dovish than Bernacke, she has concerns about deflation which will keep her on the looser side of things. Were you expecting a Hawk?

 

Hawk? No I was expecting another pick picket artist who can stay on script.

 

Every Fed Chairman will be either a "pick pocket" or "highway thief" depending on which side of the fence you are on. Remember 1981? Savers remember that as the "good old days", while I remember 17% mortgages and the collapse of housing prices due to sky high interest rates. I just closed on a new house, so I for one am not decrying low interest rates right now, and neither am I upset at virtually zero LIBOR rates that are the base upon which I pay interest to the bank at work. If I were a saver right now though, like someone about to retire, I would be very PO'ed about it. I understand people mad about low rates, I really do, I am just saying for every yin there is a yang.

Always winners and losers for ANYTHING they do. Its simply their job to do what they view is best for the entire country. I frequently disagree with their actions, but it truly is a damned if you do/damned if you don't position they are in.

 

WOW!

 

That's not the price of silver. It was around $19 and change yesterday. I am really glad to see it going down a bit, because it may be time to buy again.

 

They're getting a little ahead of themselves reporting a tasty price like that.
I like sub-20 prices (especially with gasoline prices edging up around here) and ordered some semi-numis privy & lunar bullion. Those tend to eventually sell out, so, I figured I'd get some now instead of waiting when silver arrives at $15 or $5

 

Oh believe me we do!

 

I'm beginning to like silver a lot again. I like it when everybody, even including some people on this forum think it's a bad investment. That's the time to buy. Like back in the early 2000's. I could be wrong, but the constant up to 22 or 23 and down to 19 does wear people down. Silver may be a gamble, but I'm beginning to like the odds again.

 

Please don't quote me when it drops to $15...

 

Silver came from the stars, so maybe it will go to the moon!
https://www.uni-heidelberg.de/presse/news2012/pm20120906_silber_en.html

 

This guy on TV keeps telling me to buy silver, so that's what i do...

So far that's the extent of my strategy.

 

It's up a bit today, and we'll see if it holds...

 

The moon is symbolic of silver. Maybe the keynesians (except for room temp. bankers) should be stacking more than the stackers. Because the moon is also symbolic of madness, delusion, and hallucination.

 

It's funny when prices stay relatively stable for a bit, and then go up or down a little bit more than normal. Looking at a short term graph, you'd think silver was going through the roof, but it was only up $0.18.

It didn't hold though, and it's back to $19.87.