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OK I'll ask the dumb & stupid question

OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
in Precious Metals
that everybodys probably thinking

will silver hit $50 before August 3, 2011?


Steve
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Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    no
    Avid collector of GSA's.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Looks like Gold is pulling up Silver. All those Chinese putting their savings in Gold it seems.
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  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Rapid deterioration in European Union could make it happen. A US budget ceiling compromise will be a roadblock.

    "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

  • jeremymjeremym Posts: 330
    No way. Maybe $45, MAYBE.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    What's special about Aug. 2nd?

    Oh, that's right - nothing.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    No way.
    Lots of people that have neen holding silver always think they will plan on unloading if it hits the magic number $50.
    The wave of selling kicks in as it approaches that level which kills any further forward momentum.
    I do not think it will ever hit $50 in the next 10 yrs.
    My 2 cents only.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    My guess...silver will not hit $50 this year.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pitbosspitboss Posts: 8,643 ✭✭✭

    I don't have a clue !
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    NO ONE knows. but, I don't think it will going with the same sentiments as mariner67. Another but, I think it will hit and exceed $50 within the next 10 yrs.

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  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I know but I can't say anything.

    (I'll tell you after it happens.)
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Lots of people that have neen holding silver always think they will plan on unloading if it hits the magic number $50

    Careful! I was called ludicrous the other day for suggesting basically this.
    To think that there aren't people out there who are cost avgd. in the $40's is what is ludicrous and maybe even a little out of touch imo. How quickly we forgot how many new buyers came into the market >$40. Remember all the threads saying that everything was being bought up and price wasn't an issue? Newbies just had to have some and get in on the run, remember? I do, but i'm ludicrous for remembering that I guess. Oh well image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>My guess...silver will not hit $50 this year. >>


    wanna bet. image

    "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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I'm in the camp that sees a lot of overhang above $40 and increasing resisistance approaching $50. I'll predict NO to $50 silver by 8/3/11

    Liberty: Parent of Science & Industry

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    I still have a nicely toned old pour Engelhard 10 ozer that I purchased on.....Saturday April 30, 2011. Oh, well.

    edited: spelling
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    Nope. Silver will not hit $50 by August 3, 2011. It is also of my opinion that silver will NOT hit $50 at all in 2011. It came close when spot silver hit $49.85/oz (Kitco quote) in April but close does not count. image $49.85 is the silver high so far this year and I suspect that $49.85 will end up being the "offical" silver high of 2011.


    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • calleochocalleocho Posts: 1,569 ✭✭
    I always remember Redtiger's advice about judging future prices based on the bearish or bullish threads on this board ..therefore Silver will surprise everyone and go to $55 an ounce before 2011 is over.
    "Women should be obscene and not heard. "
    Groucho Marx
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>My guess...silver will not hit $50 this year. >>


    wanna bet. image >>



    I don't want to take your $$ again.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BookerTSetsrockBookerTSetsrock Posts: 129
    $50 on October 21st! The same day Harold Camping revised his prediction the World would end! before he had a stroke and can't talk now that is! image
  • DuCrozatDuCrozat Posts: 358
    Doesn't matter, don't plan to sell unless it's absolutely necessary. It's one of the few protections against a debased currency.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>No way.
    Lots of people that have neen holding silver always think they will plan on unloading if it hits the magic number $50.
    The wave of selling kicks in as it approaches that level which kills any further forward momentum.
    I do not think it will ever hit $50 in the next 10 yrs.
    My 2 cents only. >>



    I'll take that bet.

    $1000 here if you want it.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I think that in the uncharted territory in which we find ourselves, silver could hit $50/oz. in a day.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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