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Silver $16.69?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Silver $16.69?

Postby rexmerdinus » Thu Oct 06, 2011 8:21 am

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?
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Re: Silver $16.69?

Postby morris14ccm » Thu Oct 06, 2011 9:46 am

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.
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Re: Silver $16.69?

Postby aristobolus » Thu Oct 06, 2011 4:35 pm

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.
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Re: Silver $16.69?

Postby Mossy » Thu Oct 06, 2011 5:01 pm

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?"
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Re: Silver $16.69?

Postby blackrabbit » Thu Oct 06, 2011 5:02 pm

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.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Silver $16.69?

Postby fb101 » Thu Oct 06, 2011 9:09 pm

not likely we'll ever see silver under 20 again.
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Re: Silver $16.69?

Postby Thogey » Thu Oct 06, 2011 9:31 pm

Too bad. I'd love to see silver drop below 20 for a few years.

I love cheap silver. It's easier to stack!
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Re: Silver $16.69?

Postby Thogey » Fri Oct 07, 2011 10:18 pm

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.
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
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Re: Silver $16.69?

Postby 0000PaleHorse0000 » Fri Oct 07, 2011 10:41 pm

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".
"I looked, and there was a pale horse! Its rider's name was Death, and Hades followed him."
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