When will Gold and Silver break below $1200 and $18?

Baley · September 17, 2014 8:53AM

Getting close

MGLICKER · September 17, 2014 9:09AM

Be interesting to see if the Scottish referendum affects prices. Consensus seems to be that the vote will fail so a pass would be the surprise.

BAJJERFAN · September 17, 2014 9:44AM

by noon tomorrow.

BAJJERFAN · September 17, 2014 10:38AM

<< 

<< by noon tomorrow. >>

You really think it will take THAT long? >>

I guess I could speed it up by ordering some, LOLOL

VanHalen · September 17, 2014 1:37PM

$1200 gold this month for sure. $18 silver by Halloween. These are excellent buying opportunities.

Placid · September 17, 2014 2:10PM

2 weeks is my guess. Probably go back up to 1230 in the mean time then drop again.

tneig · September 17, 2014 9:19PM

Flip this thread upside down and it will sound like threads when it was $35/$1550, estimating in the opposite direction.

But for now, how low do you think it can go?

derryb · September 17, 2014 11:05PM

Will a dollar rally continue to punish PMs?

Timbuk3 · September 18, 2014 4:16AM

Looks like by the end of the year, at least !!!

cohodk · September 18, 2014 4:20AM

Comment withdrawn as it was just a statement of the obvious.

DrBuster · September 18, 2014 4:25AM

Well we hit sub 1200 back in December for what, half a day. We'll hit it again, I'll say Halloween - c'mon 6 week stability!

Sub 18....2 weeks for my swag at it.

guitarwes · September 18, 2014 5:17AM

I can't believe we get to buy it this low again. Almost makes me giddy.

johnny9434 · September 18, 2014 5:18AM

<< by noon tomorrow. >>

maybe friday

DrBuster · September 19, 2014 1:41AM

Today was the day for silver. Sub 18 this morning for a tick or 2.

VanHalen · September 19, 2014 2:48AM

<< Today was the day for silver. Sub 18 this morning for a tick or 2. >>

It is amazing. If you have the cash to buy and hold in quantity this is a great time to do it. Monster boxes below $10k on some sites.

Overdate · September 19, 2014 4:03AM

Silver at $17.87, US dollar up again, 8 US dollars will now buy 9 Australian dollars.

I think it's all about the dollar. When the dollar falls, silver/gold will rise.

dontippet · September 19, 2014 5:25AM

<< 

<< Today was the day for silver. Sub 18 this morning for a tick or 2. >>

It is amazing. If you have the cash to buy and hold in quantity this is a great time to do it. Monster boxes below $10k on some sites. >>

Just picked up some 90% at spot. A good day to buy.

Coulport · September 19, 2014 9:33AM

Bought 2 days early.

40 oz of bars & rounds @ 20X.

Baley · September 24, 2014 5:59AM

Would not be surprised to see silver below $17 and gold below $1190 in the next week or two. Could also go up to $19 and $1250, but can it go higher?

Looks a lot like they're going to be making lower highs and lower lows for a while. What the market needs is a nice crisis, or some more fancy gimmick bullion that earns a premium over melt and fabrication costs

OPA · September 29, 2014 10:10PM

Will it finally happen this or next week?

PerryHall · September 29, 2014 10:37PM

Looks like silver is close to breaking below $17.

bestmr · September 29, 2014 11:03PM

At this point, I'm seriously considering selling a decent chunk of my gold and buying silver.

BAJJERFAN · September 29, 2014 11:41PM

<< At this point, I'm seriously considering selling a decent chunk of my gold and buying silver. >>

For what reason assuming you are above water on the gold?

bestmr · September 29, 2014 11:57PM

I bought most my gold around this price point. I'm playing with the GSR. Atm, it's roughly 70-1. I could trade some gold into silver and then trade the silver back to gold when it's more favorable. Maybe low 40's whenever that may be. Idk if it's the best idea but seems like a good one atm.

bluelobster · September 30, 2014 1:54AM

Silver just blew through some stops and $17, USLV approaching 10% loss on the day.

Could be some climactic selling, $64 dollar question, where will major resistance be?

OPA · September 30, 2014 10:04AM

silver now below $17 ($16.92) gold not far behind in breaking the $1200 barrier.

JohnnyCache · September 30, 2014 10:12AM

I think Major resistance will appear by the time it hits $15.00

Right now the trend has silver going lower, and it doesn't make sense to fight the trend.

gsa1fan · October 1, 2014 9:48PM

Silver below 17$ as I type.

OPA · October 1, 2014 10:01PM

Platinum catching up with gold in this current downward spiral...less than $60 separates the two.

derryb · October 2, 2014 8:17AM

"Buy when blood is running in the streets, when sentiment is low, when prices have been smashed, and when nobody else wants to buy." - GE Christenson

OPA · October 2, 2014 8:41AM

<< 2015 will mark a huge PM buying frenzy, as prices will move up from the 2014 lows.

What will catch market followers off guard is that PM's and the stock market will both move higher at the same time.

I won't bore you with why I feel that way, but that is my prediction. >>

Might be wishful thinking on your part.

Not gonna happen until:

A) The dollar looses strengths ( with most major currencies even weaker, I don't see that any time soon)

Gold & Silver once again becomes an attractive investment and the "speculators" return in droves to the PM paper market.
C) Excessive Inventory of physical gold & silver needs to be absorbed first.
D) Negative predictions vastly outnumber the positive ones.

My call for 2015....more sideways movement, with occasional short lived rallies. I don't believe we have seen the lows yet for gold or silver. (When the major bullion dealers stop having tempting sales, then it's time to start paying attention

)

jmski52 · October 2, 2014 8:45AM

(When the major bullion dealers stop having tempting sales, then it's time to start paying attention )

There might be some truth to that, OPA.

derryb · October 2, 2014 8:48AM

dealers are tempting buyers only because they currently need to be tempted. Big dealers are in the business to move inventory. While they do not strive for losses they realize that losses offset their taxable gains.

OPA · October 2, 2014 9:11AM

<< dealers are tempting buyers only because they currently need to be tempted. Big dealers are in the business to move inventory. While they do not strive for losses they realize that losses offset their taxable gains. >>

did u miss my

derryb · October 2, 2014 10:36AM

<< 

<< dealers are tempting buyers only because they currently need to be tempted. Big dealers are in the business to move inventory. While they do not strive for losses they realize that losses offset their taxable gains. >>

did u miss my

>>

No, and I too don't believe we have seen the bottom.

Overdate · October 2, 2014 3:32PM

I don't find most of the physical silver offers especially tempting at $2.50 to $3.00 per ounce over spot. The lower the silver price goes, the higher the premium rises (as a percentage of the purchase price). At today's depressed prices, I prefer some of the smaller gold and silver exchange traded funds and their lower buy/sell spreads.

derryb · October 2, 2014 5:02PM

<< I don't find most of the physical silver offers especially tempting at $2.50 to $3.00 per ounce over spot. The lower the silver price goes, the higher the premium rises (as a percentage of the purchase price). At today's depressed prices, I prefer some of the smaller gold and silver exchange traded funds and their lower buy/sell spreads. >>

The big dealers are paying a $2 premium on silver eagles right out of the US Mint.

Baley · October 2, 2014 11:18PM

Gold 1199.50 silver 16.96

OPA · October 3, 2014 12:05AM

<< Gold 1199.50 silver 16.96 >>

Platinum..$1235..now only less than $50 behind gold

raiderguy10 · October 3, 2014 12:10AM

I have a question for more experienced stackers. I'm really new to this, but want to get "in" at this price on silver.

I have some Morgan Dollars, Peace Dollars, and ASE's that my grandpa left me. Most of them seem to bring $30-50 a piece and the 1996 ASE I have must be a short print or something. My question is does it make sense to sell these pieces and invest in 5 or 10 oz silver bars instead - or do you prefer to keep the older silver/clad rounds and the ASEs??

Thanks in advance.

agentjim007 · October 3, 2014 12:16AM

Gold going down shouldn't matter. We make it up on gas.

OPA · October 3, 2014 12:26AM

<< Gold going down shouldn't matter. We make it up on gas. >>

Not here...gas prices have also dropped by 10%

rawteam1 · October 3, 2014 12:40AM

<< 

<< Gold going down shouldn't matter. We make it up on gas. >>

Not here...gas prices have also dropped by 10% >>

I think that's the point, we r paying less...

guitarwes · October 3, 2014 12:42AM

<< My question is does it make sense to sell these pieces and invest in 5 or 10 oz silver bars instead - or do you prefer to keep the older silver/clad rounds and the ASEs??

Thanks in advance. >>

No. Keep the older stuff and buy new stuff with new funds.

raiderguy10 · October 3, 2014 12:43AM

<< 

<< My question is does it make sense to sell these pieces and invest in 5 or 10 oz silver bars instead - or do you prefer to keep the older silver/clad rounds and the ASEs??

Thanks in advance. >>

No. Keep the older stuff and buy new stuff with new funds. >>

Thanks for the reply. So quality is better than quantity??

miklia · October 3, 2014 12:52AM

the lower that prices go, the bigger premiums over spot will likely be in percentage terms. At these prices, I daresay that coins are a better bet over bars. both will be pretty similar over time though, so just get what you like the most.

raiderguy10 · October 3, 2014 12:58AM

Oh I'm very green in the game - so i trust you guys. But it just doesn't make sense to me....if I can get double spot price for one coin - and basically turn one coin into 2 - grade school logic would say to do it. But like I said I trust you guys WAY more than I trust myself - so I'll stick with the ASE's and Morgans.

AUandAG · October 3, 2014 1:05AM

Under both today.....

bob

DeepCoin · October 3, 2014 2:07AM

Numismatic value is a hedge against the metal value of those coins. When liquidating a collection for a friend a year and a while ago I got 33 for SAEs. Metal prices are volatile, those coins would go for far less today. The numismatic items have gained in the face of declining metal prices, but their value is not all in the metal.

raiderguy10 · October 3, 2014 2:27AM

Makes complete sense. I have one more question for you guys. The coins right now are stored in a dark safe in what seem to be standard plastic containers. I've noticed some coins are "toning." Is there anything that can be done to prevent this? I've also got one 1996 troy oz coin that's just a generic happy holidays silver round that is in an air tight plastic container that is horribly toned. What causes this and does it effect the value? Of the ASE's I'm assuming it does - but the generic rounds I'm assuming the value is the spot price of silver so the condition isn't as relevant - is that a correct assumption?

When will Gold and Silver break below $1200 and $18?

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