Realcent.org

Where to next? In the next month will we see it go Up? Down? Sideways?

Diagnolly horizontally vertically down up left right center forward upside down loop de loop!

I think up for awhile. And then down, in June when the end of QE2 is "announced". It could be that PMs spot prices will go nowhere until August.

June-July is a downer for PMs. Usually, that's the time to make your big buys.

Sideways ($32-42) for the rest of the summer and back up to $50 by the end of the year. I think that we have seen the bottom. I agree with County, late summer July/August will be the last chance to buy.

But I'm broke. ;~;

TXBullion wrote:Diagnolly horizontally vertically down up left right center forward upside down loop de loop!

Is this a Nintendo code to get to a secret level in the underground game "Silver Stacker"

Treading water up or down a buck or two until September. Then the throttle is down and we blast forward again to the mid $40/oz range.

i am not sure what it is going to do so i hate to buy bullion right now

slickeast wrote:Where to next? In the next month will we see it go Up? Down? Sideways?

Frankly, the market and world economy are controlled by forces so large and in conflict that I feel I am having to plan for any possibilty, which makes true planning for anything specific difficult, and fairly ineffective, as the best I can do is spread things several ways, knowing I will be wrong for all but one scenario, and losing efficiency from that.

I expected the drop near 50 and a sideways move for a period of time, but I missed the drop by a day, I didn't factor how the overnight market would play in this, I missed the bottom by 7-8, and I missed the new base by the same 7-8. So some small satisfaction in seeing the overall shape I expected, but I missed by enough to (almost) completely fail to take advantage of it. I did pick up some more physical during the past couple of weeks, and some hopefully cheap paper metal. So, maybe it was helpful in that regard.

I tend to think that actual delivery of physical metal will start driving the market upwards, but on a very low slope for the next 2-4 more months. And I tend to think we will continue to see an extremely volatile market (swings of +/- 10% being the new norm) but with an upward slope that claws back to 40, then 45. Beyond that is too difficult to predict, as world events can completely dominate what happens, but lacking anything black swanish my expectation is we will eventually push past 50 by September. I think the JPMs have clearly learned how to make money out of the volatility, so I don't see an end to that. My focus will be on physical, but I'm watching to see if I can make some with paper on the swings, without getting burned by the elephant in the process.

68Camaro wrote:

slickeast wrote:Where to next? In the next month will we see it go Up? Down? Sideways?

My focus will be on physical, but I'm watching to see if I can make some with paper on the swings, without getting burned by the elephant in the process.

Actually, the next game that I foresee da boyz playing is increasing volatility even though the market is consolidating overall, or meandering slowly upside during these summer doldrums. If they can't keep a lid on the prices, then they can certainly spook some investors from entering the fray in the first place by the seemingly crazy volatility that silver manifests.

Don't be bashful boys and girls. $50 min. this year, $100 in 2012.

TXBullion wrote:Diagnolly horizontally vertically down up left right center forward upside down loop de loop!

I concur.