Silver Rocket? How many thrusters?

[slickeast]

Silver just keeps climbing. Every time I see a small pull back, it fires another thruster and jumps up another dollar. It is fun to watch, but that 24x face a day or 2 ago is now a bargain.

[97guns]

our Minute Man ICBM is a 3 stage missle, i woud suspect the same with silver.

[DeanStockwell]

The price increase is coming from investment demand coming from price increases coming from investment demand.
Seems like everyone is calling for higher silver, CNBC heads are talking $50 silver.
The question isn't whether or not the big correction is coming, the question is how much farther silver will go before it happens.
The big drop will give long term investors a great chance to snare cheap silver(paper, not physical). Good luck everyone.

[fb101]

The question isn't whether or not the big correction is coming, the question is how much farther silver will go before it happens.

This is correct.
Everyone including many of us are thinking of this like the big blowoff thing that happened back in the late 70's.
That may be as it may be, but with the dollar, inflation, economies falling etc..... the day of $10 silver is over and gone.
This is different.
this is a genuine bull market that may have years to go.
Along the way we get overbought and oversold, but, for now at least the trend is up and I see nothing economically that can stop us.

On another note, what bothers me is the cycle we seem to be heading in.
High inflation causes unrest in the world and instability which causes high oil which inevitably causes high inflation, high unrest etc.....
If we don't get of this ride, this may be the end of civilization when WWIII get here, and right now that looks inevitable.

[Thogey]

That's what I call a feel good moment.

Heading to wal-mart now to clear the shelves.

[beauanderos]

This is going to sound like an outrageous prediction... but I could easily see silver rising $1 a week....


FROM NOW ON

[Sheikh_yer_Bu'Tay]

This is going to sound like an outrageous prediction... but I could easily see silver rising $1 a week....


FROM NOW ON

Permanent backwardation has arrived.

[coppertone]

Remember at 23.00/oz some were waiting for the inevitable correction to buy. Ooops.

I try not to time the market. I buy when I have money, at the best value I can find at the time, and put it away. When the next thruster fires up (and the next...and the next......) I know I will have done the best I could.

[VWBEAMER]

Chances are there will be a correction, but I agree with the advice to buy in a little each week unless you have a crystal ball..

[Mossy]

Looking at the history charts, there's "corrections" that did not bring the price down to the level it was when people were saying, "Don't buy now, wait for the correction." I think there's a lot of "up" left before we see a major "down", and no guess as to it coming down to even as high as prices are now.

IMO, PM's are not going to drop below current levels until political philosophy of those in power changes, and in the /right/ way, not toward Statism.