will there be a dip in silver

laserart

any time soon? what do you think? and how low will it be?

PerryHall

I just bought a bunch of silver so it'll probably dip.

OPA

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



That makes 2 of us.

jmski52

I respectfully disagree with Perry and OPA. I have not bought any silver recently, so it will continue to rise.

CaptHenway

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

Weiss

<< <i>

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



That makes 2 of us. >>



3

jmski52

Silver is up $0.06. How long before you feel good about your recent purchases?

derryb

there's always going to be a dip

gecko109

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

>>





And I just accepted the offer, so here comes the big diparoo!!!

CaptHenway

AAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHH-
.
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO-
.
GGGGAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!
.
Take 'er down!!!!!
Dive!
Dive!
Dive!

sumrtym

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.

cohodk

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.

morgansforever

There is only one undisputed fact, PM's will go up and down.

renman95

After I convert some of my overpriced gold into silver, that's when.

jmski52

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?

PerryHall

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



I told you so!

RGJohn

<< <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.

cohodk

Gold/Silver ratio since 1980.

roadrunner

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

cohodk

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?