Silver at 12.50 going up or down - POLL

seateddime · August 15, 2008 8:02PM

up or down from here

THEONLYTBONE · August 15, 2008 8:05PM

From today till the end of next week?

or

Today until the end of the year?

PTVETTER · August 16, 2008 12:29AM

I'm guessing it will go up slightly and stay there for a while, before any real movement takes place.

COINB0Y · August 16, 2008 12:34AM

As of the time of this Post, a bag of $1,000 Face of 90% Silver or 712 Ounces of Silver, APMEX is selling for $13.257/Ounce DELIVERED.

storm888 · August 16, 2008 12:41AM

I voted "down."

I suspect a new round of fish will be netted by the hucksters
touting these levels as "great bottom entry points." This
will likely bounce the price and support it long enough for the
big guys to continue their profitable ESCAPE.

Unwinding prices do not take the numbers straight to ZERO.
The declines are more likely to be a bit orderly.

SHORT more SLV on ANY strength.

/////////////

That said: If someone has NO PMs, there is nothing wrong with
building small positions a litlle bit at a time, and averging down
as prices fall. Over long periods of time, a major run will likely
make entry prices less relevant; some profits will still be made.

DeepCoin · August 16, 2008 1:23AM

Spot is $12.70 on kitco right now. I think we may see $9 before the end of the year. The run up was way too steep if you look at the 10 year charts. It certainly is not demand related at this level IMHO.

jmski52 · August 16, 2008 1:47AM

I must admit that I don't know which way silver is going next week, and anyone who says that they do is blowing smoke.

RedTiger · August 16, 2008 2:22AM

A better poll might be:

Are you:
buying
selling
holding
have none and waiting for lower prices
been buying steadily no matter the price
been selling steadily into the downdraft
don't have any and never will but like to talk

/edit to add: I just did a poll
link to poll thread
It will be interesting to see how much difference there is in actions vs. predictions.

ColinCMR · August 16, 2008 2:26AM

redtiger you should definitely make that poll

SUMORADA · August 16, 2008 10:16AM

up or down from here

Can only go up........demand is high....supplies at these prices are almost nonexistent,

high demand + no supply = higher prices

garsmith · August 16, 2008 3:24PM

slowly down from here to around $9

roadrunner · August 17, 2008 1:59AM

This will likely bounce the price and support it long enough for the
big guys to continue their profitable ESCAPE.

Then why didn't more of the big guys escape when silver was at $16-$20 from March to August? They are happier waiting to sell out at $9-$12?

roadrunner

storm888 · August 17, 2008 2:17AM

<< <i>This will likely bounce the price and support it long enough for the
big guys to continue their profitable ESCAPE.

Then why didn't more of the big guys escape when silver was at $16-$20 from March to August? They are happier waiting to sell out at $9-$12?

roadrunner >>

///////////////////////////////////////

MANY of the TOP institutional investors have been SHORT for the
drop from $21 to $13.

My above reference to the "big guys" was to the market-makers.
Those who peddle over-priced speculative "investments" to uneducated
and ignorant novices who they are able to convince that the world is
doomed.

For example, the MONEX tv commercials - and those of similar hucksters -
are certainly not aimed at folks who have EVEN the sophistication-level
of the CLCT members. They target buffoons and suckers with nothing
but pump-and-dump hype.

storm888 · August 17, 2008 2:21AM

Since MOST bets are ALWAYS wrong, the bulls should take some comfort in the
poll-numbers shown hereabove.

Smittys · August 18, 2008 5:07AM

I voted up...how far I do not know. but since I bought a lot at 14.27 I hope better than that

unknowncomic · August 18, 2008 5:15AM

I'm sticking to my prediction of <$8.50 by 9-15 08

ajbauman · August 18, 2008 5:23AM

I see a lot of people on this thread saying the value of silver is going down further...as an interested silver owner and bull, I'd like to get everybody's opinions on this article: Link.

I'm sure I'm missing a few things, but to me everything that this guy says is right on the mark.

unknowncomic · August 18, 2008 5:37AM

I didnt mean that silver would lose its value in real terms when I said $8.50. What I meant was that it will be manipulated to go down a little more than it is today. My buy range is around $11.50. I will buy all I can afford at that time and sit on it. I just have a feeling someday I might need a more substantial form of money than I have right now. If I'm not around when that happens at least my kids will have someting to argue over.

BECOKA · August 18, 2008 7:16AM

Where is the up then down then up then down then up button?

I chose up but it will go back down at some point.

Classof67 · August 19, 2008 12:43PM

Up

Deadhorse · August 20, 2008 6:41AM

<< <i>Up >>

Indeed!

The actual silver shortage began some time ago. Many of us talked about that at the time we were seeing it.

This, IMO, is a manipulated move to shake out the lesser players and generate some short term supply for now and perhaps the next 6 months.

It will go back up and it will go up very high in less time than people think.

I'm looking at the latter part of 2009 for some serious moves upward. Both in silver and gold, but much moreso in silver. There isn't any gold shortage.

jmski52 · August 20, 2008 9:13AM

My gut feeling:

- sideways through the election unless Russia nukes Poland

- slightly down during a stock market selloff in November

- spiking from December into next year

- continued strength in 2009

OPA · November 30, 2008 6:59AM

Lets see who's got it correct so far ...

fc · November 30, 2008 7:06AM

<< <i>Lets see who's got it correct so far ... >>

watch out. you might get a virtual hanging for pointing that out.
but give it a few years/decades and everyone who posted will be
eventually right ;-)