zPrediction : Silver's Rally To Close In On $19 In A Year - Analysts
MsMorrisine
Posts: 33,077 ✭✭✭✭✭
The longer-term outlook for silver is very positive with TD Securities projecting the metal to climb to $18.75 by the end of 2020. “We are looking at $16.10 for Q3 and $16.70 for Q4, ultimately going to $18.75 by the end of 2020,” he said.
https://www.kitco.com/news/2019-07-22/Silver-s-Rally-To-Close-In-On-19-In-A-Year-Analysts.html
I suppose this Melek works at TD Securities. The author does not spell it out. Here he is as the Global Head of Commodities Strategy.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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meh under selling it . If it is 18.75 at the end of 2020 it will because it shot up to 30 then plummeted back down to there.
Just like tv weathermen they will be technically correct but 100% wrong at the same time as to what it really means
it will depend on what the gold price is at the end of 2020. if gold is 1,700 silver should be at least 28 or more
Am I the only one here that pretty much ignores these PM price predictions?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@PerryHall ....No, you are not alone.... I do find them humorous.... I used to take notes on these predictions and keep the notepad by the computer.... then check periodically when predictive dates arrived.... they all missed....but the predictors still collected their checks for the articles...
I should start that list again...it was fun for a while. Cheers, RickO
Regression analysis and confidence limits would be my method of choice, if I were to try and predict pricing.
However, there are about as many opinions & predictions as there are ounces of silver or gold.
I knew it would happen.
There are only 2 professions that get to keep their jobs after being wrong most of the time...Weather forecasters & PM fortunetellers....
And thats an insult to weathet forcasters. LOL.
Knowledge is the enemy of fear
Pay no attention to the man behind the curtain.
silver is up over 4% today into the 17's
Sure. Why not.
$19 sounds splendid.
Well, let see what happens !!!
I’m dumping everything at $40/oz. Could be awhile, but I’m willing to wait!
Dave
And for those who do not believe silver follows gold price movement. . .
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
s: magnificent, sumptuous, grand, impressive, imposing, superb, spectacular, resplendent, opulent, luxurious, palatial, deluxe, rich, fine, costly, expensive, lavish, ornate, gorgeous, glorious, dazzling, elegant, handsome, beautiful
If $19 is splendid ...............wow! I looking for $29/ounce. Wonder what that adjective's out to be.
Silver up again around 1.5% today sitting around $17.70
The powers that be have it under control. $19 may seem cheap, sooner than later.
The margins remain thin, just the same.
$18.35 this morning.... could be close higher since it is a long weekend. Investors usually try to protect some money over the weekend....Cheers, RickO
So far I’m happy as a clam😊.
3 day weekends have been a popular time in the past to.... slam the price of silver back down. Typically happened early Tuesday morning.
$19 silver this AM. Earlier than anticipated. Will it hold?
$19.14
My YouTube Channel
Hype or possibility? .... Wishful dreaming? I'm waiting for the fortune tellers to say: $5k gold & $100 silver.
..'Silver can easily achieve $25 by Thanksgiving'
https://www.kitco.com/news/2019-09-03/-Silver-can-easily-achieve-25-by-Thanksgiving-analyst.html
Silver. She is an emotional girl, but I love her.
I knew it would happen.
I don't think they meant this fast. I can only grant "they were right" on technical grounds.
This analyst is Melek who is the same one as in the OP
Now I'm really calling it "technically right"
$25 ? Last time it was up here it didn't come close to $25. More like low 20s.
I just wish smoeone would have alerted us to this move by asking smoeone to post a 6 yr chart of silver a few weeks ago. HAHA
Knowledge is the enemy of fear
you were alerted well before that when prices were even much lower. HA HA
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
it might just break 20 dollars on Wednesday
I state categorically there is no way we will see $19 !!
Now is when we get to see the game of cat & mouse between the buyers and the sellers. This should go on for awhile, now that there's been enough interest to get some attention.
In the meantime - if we get some real economic news, it could get a bit wild.
I knew it would happen.
I guess you are referring to my May 23rd post. Hahahaha!!!!🥇
https://forums.collectors.com/discussion/1020057/ahh-that-was-a-nice-nap
Knowledge is the enemy of fear
Well before then. HA
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I forgot about the monster boxes you bragged about biying in 2012.
Knowledge is the enemy of fear
I've bought them every year since 2004. And since when did sharing recent purchases on the forum become bragging? Bet you say don't say that to all the girls. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yeah, but how much do ya bench?
Liberty: Parent of Science & Industry
The average price since 2004 is anout 17.50. Congrats. You finally broke even last week..
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
Thanks for the timely heads up. Lol.
Knowledge is the enemy of fear
i didn't say I bought only one a year or the same number every year. But I do appreciate you taking the time to do all that incorrect math.
Every ounce of PM that I hold was bought with collector coin profits. After subtracting my initial investment on the collector coins that got me started (been rolling them over and investing in gold, silver, and more collector coin inventory ever since) I'm holding over 35 times my initial, out of pocket, collector coin investment in gold and silver, plus a nice collector coin inventory that I continue to roll over into more gold, silver and collector coin inventory. Ah, the rewards of compounding.
The reason you don't see me worrying about current prices is that I buy with other peoples' money (my collector coin profits). I paid myself back the initial investment long, long ago. So, as long as PM prices are above zero, I'm in the black.
Of course there is always the valid argument that I could have done better putting the money into other things, but that would not have been as much fun. And, part of this fun is you!
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If silver is peaking then it's time to sell
.
Knowledge is the enemy of fear
After a "Steely Dan" concert , the other night, we stopped for gas.
And like this discussion ...I realize where we've gotten, after all this time.
but we had a great time!
One must ask themselves, will silver stay above $17 before the end of year? My guess....unlikely.
how about by the end of the month?