Realcent.org

Where does everyone see silver going? Im going to buy a little now but i see it dropping more so im waiting on making a big purchase...i see silver hitting lower 20s.

I can't bet on the practical purchase price dipping below $30, if that. It might, but it's a crap-shoot, and when it comes to a bet between fiat and real money, I'll pick the real money at current prices. I'm still buying weekly, though more at local dips. When silver briefly hit the upper 25s not long ago, the actual practical price for available silver was actually in the upper 29s, near 30. When spot was 29+, if you could find significant amounts (not just a handful of ounces) for less than 32 and change you were fortunate - 33+ was more like it.

PMs have been following the stock market with about 80% correlation. Just go back and forth between the S&P and Gold chart during the trading day and you'll see it too. The stock market is due for a correction (today was a very minor one). I expect PM prices to drop with any stock market sell off. Margin increases and more huge paper dumps are also very likely. TPTB want to discourage as many people as possible away from PMs... they would sell their grandmother for a nickel to do it.

I'm quite happy with my Ag holdings, but I'll buy more anywhere below $30. I'll buy more Au if it dips below $1600.

Silver won't go below 25. Ever.

barrytrot wrote:Silver won't go below 25. Ever.

I'm not buying another ounce until it hits $24.99.

scrapper2010 wrote:

barrytrot wrote:Silver won't go below 25. Ever.

I'm not buying another ounce until it hits $24.99.

Then you will buy zero ounces unless you buy using derivatives in which case getting an "effective price" of 24.99 is pretty easy actually.

I do not see silver going much lower; If the dow crashes, maybe.
Not likely.
Unless they abolish the supreme court.
Which might happen.

fb101 wrote:I do not see silver going much lower; If the dow crashes, maybe.

A big DOW drop could happen between now and the election...or shortly after the election.

Now could be a good time because it will give the PTB time to 'save' us before the election, and knocking down gas prices over the summer would keep the sheep from rioting. A good stock market crash would also give the candidates more power to leverage bribes campaign contributions from the unions and corporate donors.

Early in 2013 we will see mid to high 40's. Until then it will bounce around between $31-$38

I can't predict timing, but with TPTB's learned success at market manipulation I believe we will have to exhaust the above ground reserves that exist which are making their manipulation possible. That is quickly happening. Not sure if it'll be this year or 2013, but soon. When physical reserves are exhausted then the price will start moving up and no amount of manipulation (short of dictatorial price control) can stop it.

68Camaro wrote:I can't predict timing, but with TPTB's learned success at market manipulation I believe we will have to exhaust the above ground reserves that exist which are making their manipulation possible. That is quickly happening. Not sure if it'll be this year or 2013, but soon. When physical reserves are exhausted then the price will start moving up and no amount of manipulation (short of dictatorial price control) can stop it.

exactly right

and its been said here a thousand times -- when the rapid price acceleration starts you'll WISH youd have bought more at $31 instead of waiting for the dip to $25 which never happened...

best to buy WHAT you can WHEN you can and count your value in oz's - not dollars...

Didnt someone just post something the other day saying there is plenty of silver left in mines,etc

lance wrote:Didnt someone just post something the other day saying there is plenty of silver left in mines,etc

Yep, that would be the silver that is becoming increasingly difficult to get out, and most of which is by-product mining which depends on desire for someone to spend the capital and effort to focus on something else (like copper) with the small amount of silver that comes out being a plus that helps sustain the copper mine. The same silver which we are currently sucking up faster that it can be mined.

lance wrote:Didnt someone just post something the other day saying there is plenty of silver left in mines,etc

Silver has been predicted by the USGS to be the first element that will become extinct, if continuous extraction at today's rates were to continue. Which is impossible. We're in the midst of Peak Silver now. Production going forward will gradually taper, with concomitant price increases, that will eventually make it economically feasible (at much higher prices) to develop new mine sources or process much lower-grade mineral deposits that are currently unprofitable. Someday, a decade from now, cell phones will be recycled for the teensy bits of silver they contain. Sub-oceanic surface mining holds some potential, but only if extremely rich grades are encountered could it be lucrative.

barrytrot wrote:

scrapper2010 wrote:

barrytrot wrote:Silver won't go below 25. Ever.

I'm not buying another ounce until it hits $24.99.

Then you will buy zero ounces unless you buy using derivatives in which case getting an "effective price" of 24.99 is pretty easy actually.

No, I was just being a smartass.

I predict that the market manipulation will continue and no short-term rational or technical pricing analysis can be valid.

In the long-term, the value of the dollar will go down and the price of everything will go up.

IdahoCopper wrote:I predict that the market manipulation will continue and no short-term rational or technical pricing analysis can be valid.

In the long-term, the value of the dollar will go down and the price of everything will go up.

So we will be like Weimar Germany of the early 1930s or present day Zimbabwe, just a matter of when.

And the blame will be ladled onto the heads of the small to medium metal owners, not on the paper-puppeteer speculators.

Time frames, anyone?

SSGOP

SilverStateGOP wrote:

IdahoCopper wrote:I predict that the market manipulation will continue and no short-term rational or technical pricing analysis can be valid.

In the long-term, the value of the dollar will go down and the price of everything will go up.

So we will be like Weimar Germany of the early 1930s or present day Zimbabwe, just a matter of when.

And the blame will be ladled onto the heads of the small to medium metal owners, not on the paper-puppeteer speculators.

Time frames, anyone?

SSGOP

We're at about 1919 Germany levels right now. Look at what happened to them within just three years after that.

something to give a look...
http://goldsilver.com/news/silver-s-tre ... -analysis/

lance wrote:Where does everyone see silver going? Im going to buy a little now but i see it dropping more so im waiting on making a big purchase...i see silver hitting lower 20s.

if silver hits the low 20's, i am selling everything(this includes my wife!) i have and putting it into silver!!!!