Page 1 of 1

Silver $16.69?

PostPosted: Thu Oct 06, 2011 8:21 am
by rexmerdinus
http://www.kitco.com/scripts/commentary ... 052011.pdf

Neil already mentioned silver going significantly further down. Admittedly, I've been up all night at work, and I never really learned much about market technical stuff. Comments? Thoughts?

Re: Silver $16.69?

PostPosted: Thu Oct 06, 2011 9:46 am
by morris14ccm
I don't think it will go that far, at least not anytime soon. Low $20s wouldn't surprise me though. We'll see October 13th, that's what I'm saving up for.

Re: Silver $16.69?

PostPosted: Thu Oct 06, 2011 4:35 pm
by aristobolus
If the Euro goes down (in flames), and the U.S. Dollar goes significantly higher; then perhaps for a time this could occur. But long term fiat is fiat, only God can create something out of nothing; and make it last unto ages of ages.

Re: Silver $16.69?

PostPosted: Thu Oct 06, 2011 5:01 pm
by Mossy
PMs went up back when Alaska PFD committee wanted to buy PM. PFDs will be issued today and tomorrow. Alaskans will be buying gold and silver. Hmmm. "Which way will PMs go for the next week?"

Re: Silver $16.69?

PostPosted: Thu Oct 06, 2011 5:02 pm
by blackrabbit
If I thought it would get anywhere below 20 I'd sell all I had right now. It is nice to see a little upward movement with today ending at 32.

Re: Silver $16.69?

PostPosted: Thu Oct 06, 2011 9:09 pm
by fb101
not likely we'll ever see silver under 20 again.

Re: Silver $16.69?

PostPosted: Thu Oct 06, 2011 9:31 pm
by Thogey
Too bad. I'd love to see silver drop below 20 for a few years.

I love cheap silver. It's easier to stack!

Re: Silver $16.69?

PostPosted: Fri Oct 07, 2011 10:18 pm
by Thogey
Adding to the stack again today
I can only hope we have another shot at 10-20 dollar silver. I fondling a new pile now, cheap, and it feels good.

Re: Silver $16.69?

PostPosted: Fri Oct 07, 2011 10:41 pm
by 0000PaleHorse0000
I hope that silver gets to the 20's. I just bought 2 ASEs at $71.50 today. I would love to tell my wife that it's worth budgeting for silver ounces in the 20's. I'm already having a hard enough time as it is, but I keep telling her to think "Long Term".