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will there be a dip in silver

laserartlaserart Posts: 2,255 ✭
in Precious Metals
any time soon? what do you think? and how low will it be?
"If I had a nickel for every nickel I ever had, I'd have all my nickels back".

Comments

  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    I just bought a bunch of silver so it'll probably dip.image

    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

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I just bought a bunch of silver so it'll probably dip.image >>



    That makes 2 of us.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    I respectfully disagree with Perry and OPA. I have not bought any silver recently, so it will continue to rise.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
    I just offered some stuff to Gecko, so it should go up $10-$12 per ounce right after he buys it!!!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>

    << <i>I just bought a bunch of silver so it'll probably dip.image >>



    That makes 2 of us. >>



    3 image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    Silver is up $0.06. How long before you feel good about your recent purchases?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    there's always going to be a dip

    "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

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>I just offered some stuff to Gecko, so it should go up $10-$12 per ounce right after he buys it!!!

    image >>





    And I just accepted the offer, so here comes the big diparoo!!!
  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
    AAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHH-
    .
    OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO-
    .
    GGGGAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!
    .
    Take 'er down!!!!!
    Dive!
    Dive!
    Dive!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • sumrtymsumrtym Posts: 394 ✭✭✭
    I REALLY need it to...I've only been able to pick up about 20% of what we need for the metal detecting club when September rolls around. Looking ugly this year.
  • cohodkcohodk Posts: 19,108 ✭✭✭✭✭
    Silver drops 30% or more every year. It did so in January. Maybe it will agian. Right now it looks like its in a big hurry to go nowhere.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    There is only one undisputed fact, PM's will go up and down.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    After I convert some of my overpriced gold into silver, that's when.
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    Silver seems not to be in lockstep with gold these days. Although I've always considered both gold and silver as monetary metals, they sometimes react differently due to silver's industrial aspects. Maybe I'm the one who is looking at it incorrectly, but there are times when I think that you just can't have too much silver, and I don't recall ever thinking that about gold. Still, gold is slightly up today and silver is slightly off. The G/S Ratio is currently 64.83. What is that telling me? Historically silver would be drastically underpriced relative to gold at that ratio, correct?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>I just bought a bunch of silver so it'll probably dip.image >>



    I told you so!image

    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

  • RGJohnRGJohn Posts: 402


    << <i>Silver seems not to be in lockstep with gold these days. ....... The G/S Ratio is currently 64.83. ... Historically silver would be drastically underpriced relative to gold at that ratio, correct? >>



    This is true. But the 16 to 1 days are long gone as they were untenable even in the 1800's. That's why we have so many silver dollars from that era as the gov't tried to coin all the silver being mined then in the American west. Now they seem to be doing a heckuva job minting ASEs and peddling them in the mid-$20's (about 50:1) range so that sort of suggests to me that's where silver's price is going to find its home. In the range where people are eagerly buying it. Perhaps a skosh higher, to the $30 ( that would be 40:1) level, but that seems like stretching it to me.
    Of course none of that allows for inflation over the next say, 10 years. That's a whole 'nuther issue so just one WAG at a time.
    Many, many perfect transactions with other members. Ask please.
  • cohodkcohodk Posts: 19,108 ✭✭✭✭✭
    Gold/Silver ratio since 1980.


    image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The G/S Ratio is currently 64.83. What is that telling me? Historically silver would be drastically underpriced relative to gold at that ratio, correct?

    GSR is currently trending up in a pullback that began at the start of April following completion of 5 legs down that began in Feb. GSR tends to somewhat follow interest rates, in particular a ratio of long term to short term rates (such as 5yr:2yr or 10:2). Considering the 5:1 is trying to come off an "oversold" condition, GSR can rise for some time. It's telling me that gold will outperform silver for a while. But it doesn't tell us if there will be a dip or a rise in the process. The ratio itself can be somewhat misleading short term....only the directional trend (up/down) and the strength of that trend really matters.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cohodkcohodk Posts: 19,108 ✭✭✭✭✭
    Roadrunner,

    Do you think the chart I posted above has the look of a major double bottom? Perhaps we are beignning to make a series of higher highs and higher lows? Maybe the downtrend from 1991 has been broken?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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