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To all the smarty pants out there, this is FUTURE prices. So no posting Hunt Brother prices

With the huge run-up in gold over the past couple of months, I think gold will take a little breather and silver will do some catching up.

Silver would already be over $100 if it had not been for the intervention of the United Snakes of America! Silver is an industrial metal more than it is an investment metal. It is vital to the high tech sector of our economy for it to be low so there can be lots of electronic do-dads for moms and dads to buy for their kids to play with. It is vital to our economy for it to stay low, so the Good 'Ol Boys keep hammerin' it down.

Gold would already be long past $2,000 if not for the same type of margin requirements laid onto it by the Federals. But gold is a sovereign metal more than an industrial metal, so, it's buyers are willing to pay the margin requirements to get their hands on it and it keeps on going up. When the small billionaire buyers of gold have exhausted their coffers and only nations can afford the yellow stuff, then it will be silvers turn for the big run-up.

Anyway that is my humble opinion on this. Feel free to give yours as well. ( and I know you will! )

Pennysaved wrote:With the huge run-up in gold over the past couple of months, I think gold will take a little breather and silver will do some catching up.

i agree and would not be surprised to see gold fall back to the 1600s before eventualy moving higher.

I think silver will stay down around $40 for a while, especially if the economy is perceived to be in bad shape, but not crushed, for a while.

5$ copper

I don't care which leads... the other will follow eventually But that's not the question. I think the recent run-up in gold has acted as a "wake-up" call to the public... and the sheeple are starting to baah "my, oh my, what is wrong with the economy and why do groceries cost so much?" Those investors who were sidelined before, and kicking themselves for not climbing aboard the gold train, will now embark... given the temporary price reduction of their tickets to paradise So gold first to $2000. Silver will still be suppressed and will lag gold's coming logorithmic gains by a few weeks. The ratio will run up to 48 or 49 to 1 before silver explodes again.

Definitely $2k gold before $50 silver in my opinion. With the weak economy, and silver viewed by at least some of the market as an industrial metal, gold has the upper hand.

My vote is Silver,
Silver was already at 50$ for a moment.
I think the moment will come back again before gold is at 2,000

If the head-shoulder is right and the support levels we might see 1100 gold and 20 silver... but hey, who knows....

ardorlan wrote:My vote is Silver,
Silver was already at 50$ for a moment.
I think the moment will come back again before gold is at 2,000

This was my rationale as well. Silver is normally more volatile than gold, so if the latter rises the former usually follows in some measure- but with vaster highs and lows.

i was the 12th vote for silver, when it was 11-11......

Gold's gotten a bit extended and should go back to retest the 1600-1650 level.
Silver's been behaving well recently, but the $50 level was soundly rejected earlier this year.
I'll pick gold to $2000 first since it hasn't hit a hard ceiling yet.

SoFa wrote: but the $50 level was soundly rejected earlier this year.

No it was not rejected. It was interfered with.

Both are looking good right now. I am still going with SILVER

I do like seeing the day to day when the lines don't cross

I think gold has the advantage for now especially if the market remains volatile. The big money will move primarily to gold as trust in cash/treasuries continues to erode. A second recession (as if the first ever ended) is a foregone conclusion could soften industrial demand for silver. Also gold is a far more deeply traded market and, therefore, far more difficult to manipulate. All of these factors could cause the GSR to challenge its old highs in the 60s.

That being said, silver will have its day. As gold gets more expensive relative to silver, small investors who can't afford gold and then savvy large investors will start to pile into the white metal, possibly breaking the COMEX.

I voted for silver, Its looking more and more like gold,

ardorlan wrote:I voted for silver, Its looking more and more like gold,

Same boat lol...good thing this wasn't a contest haha...because in this case, we win either way

TXBullion wrote:5$ copper

you wish! as do i, $12 nickel too would be nice

Gold will hit first, by mid-september, because the fall is usually the months where the markets are the most volatile.

I believe that silver will follow soon thereafter (by November).

I believe that gold wil go back down to 1,750$ level, probably December (because a lot of people will want to show a good balance sheet for the year-end) or as soon as European debt is believed to be under control. However, silver should remain around or above the 50$ mark because Asia wants it has an investment vehicule that they sense they have a better control over compared to gold.

Cheers,