$75 by July 4th 2011

CaptMorgan · April 7, 2011 6:06PM

Yes or no?

bstat1020 · April 7, 2011 7:42PM

no

Your talking silver correct?

goingbroke · April 7, 2011 7:57PM

I am hopeing for $6.00 my self

DNADave · April 7, 2011 7:58PM

hysteria is coming to mind....

derryb · April 7, 2011 8:17PM

I don't want the econ/political enviornment it will take to justify it or the over speculation it will take to cause it. Since I get paid in dollars I don't want them that worthless that fast.

Steve27 · April 7, 2011 8:38PM

no

fivecents · April 7, 2011 8:42PM

Something really bad would have to happen for it to rise $35 in 3 months.imho

$75 would be great, but at steady as she goes.

OldEastside · April 7, 2011 8:43PM

<< <i>I don't want the econ/political enviornment it will take to justify it or the over speculation it will take to cause it. Since I get paid in dollars I don't want them that worthless that fast. >>

I can agree with that.

So as Jose Jimenez would say "Oh... I hope not"

Steve

Wolf359 · April 7, 2011 11:04PM

Depends.

If we have a metal shortage (and we do) and it's gets severe (it will, just a question of when), $75 will be cheap.

renman95 · April 7, 2011 11:10PM

I would say anything is possible. All aboard the Silver Line. Next stop, Crazy Town.

Let's say the gov't shuts down tonight, people get "silly" by the media hysteria. And in May the debt ceiling is not raised...

PerryHall · April 7, 2011 11:41PM

Unlikely but may hit $50 by the 4th of July but could be just as likely $30.

piecesofme · April 7, 2011 11:55PM

Hey Capt...if it does, at any time, I'll pay you $50/oz.. "My offer will stand".

Sorry buddy, couldn't resist taking the cheap shot...all in fun though.

pf70collector · April 8, 2011 12:20AM

$10 rise from Jan-April '11. Could be possible to hit $50 by July.

BigRick · April 8, 2011 1:26AM

No.

Prob of TOUCHING 75 by then is less than .05%.

Prob of being AT or ABOVE that by then is 0%.

ksammut · April 8, 2011 1:30AM

Not going to happen.

Geotovore · April 8, 2011 2:22AM

If silver isn't at $76 and Gold isn't at $1776 on July 4, they hate my freedom.

mikeyg · April 9, 2011 2:19AM

$50 yes definately....$75 no not this year.

bretts911 · April 9, 2011 3:54AM

IMHO no by july 4 2011 we will see silver at $25 and below

gecko109 · April 9, 2011 3:58AM

<< <i>IMHO no by july 4 2011 we will see silver at $25 and below >>

In that case, im sure you are going to your local dealer to sell every oz of silver you own today at the "bloated" $41 price, right? So if you are a believer in the statement you just made, if you have a single oz of silver by Monday afternoon, you are not very smart. Correct?

CaptMorgan · April 9, 2011 4:12AM

Pieces, just for being a good sport, and holding no ill will or grudges, I will make you a public offer right here and now, When it hits $75 this year,and I think it will, Ill sell you 1 ounce in the form of a 90% non cull Morgan probably a 1921 but maybe a San Fran piece, for your stated price of $50.

To justify my belief in why I think silver will hit $75 by the 4th, I'll state my case like I do to friends:
Worldwide events.
Pure and simple.
Dollar dead, New BrettonWoods verdict, Shadow Banks
Mid East turmoil, with no end in sight
China
Japan
Now look at the riots and protests worldwide, from England to Bahrain to Wisconsin.
Food prices up drastically and not going to get better anytime soon. Radiation from Japan tainting the worlds seafood along with the oil from the Deep Horizon screw up
Crude prices up
Banks still closing
If all these things slowed or stopped altogether, silver would drop. I do not think this will happen however.
Silver Silver Silver

gecko109 · April 9, 2011 4:15AM

<< <i>Pieces, just for being a good sport, and holding no ill will or grudges, I will make you a public offer right here and now, When it hits $75 this year,and I think it will, Ill sell you 1 ounce in the form of a 90% non cull Morgan probably a 1921 but maybe a San Fran piece, for your stated price of $50.

To justify my belief in why I think silver will hit $75 by the 4th, I'll state my case like I do to friends:
Worldwide events.
Pure and simple.
Dollar dead, New BrettonWoods verdict, Shadow Banks
Mid East turmoil, with no end in sight
China
Japan
Now look at the riots and protests worldwide, from England to Bahrain to Wisconsin.
Food prices up drastically and not going to get better anytime soon. Radiation from Japan tainting the worlds seafood along with the oil from the Deep Horizon screw up
Crude prices up
Banks still closing
If all these things slowed or stopped altogether, silver would drop. I do not think this will happen however.
Silver Silver Silver >>

And dont forget this. A chart that looks like this CANT be good for the future value of the currency that such a government produces.

PerryHall · April 9, 2011 4:17AM

<< <i>........Ill sell you 1 ounce in the form of a 90% non cull Morgan........ >>

Morgan dollars each weigh about 0.77 Troy ounces.

CaptMorgan · April 9, 2011 6:01AM

Good catch!

Well Pieces, not a whole ounce... But a dollars worth.

Bear · April 9, 2011 11:59AM

I once planted a tiny tree

I watched it grow and grow

I believed that it would touch

the very blue , blue sky

but alas, it slowed and stopped

its growth, and never did it reach the sky

It was enough, to make me want to cry.

jmski52 · April 9, 2011 12:11PM

I don't think that alot of bad things must happen in order for silver to reach $75 by any particular point in time this year.

I think there is a small to medium chance that something is really froggy in the silver market and/or Comex that very well could juice the price without much egging on. I don't think we've had good silver inventory data for at least 35 years.

Right now, it's clear that demand is there. That's what it looks like, but supply is much harder to evaluate.

$75 by July 4th 2011

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