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silver below $21

mrpaseomrpaseo Posts: 4,753 ✭✭✭
in Precious Metals
When will we go south of $20?

Comments

  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    Looks like tonight.
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    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • collectallcollectall Posts: 202 ✭✭
    time to even out the ratio on the stack, and drop sum dough.... im a wait it out a bit. im bettin its sinkin a couple more bucks, but them again ..who am i
    collector of gold and silver bullion..Owner of "aaa trash be gone" buffalo ny
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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The other thread on this same topic tonight.

    Nope....won't go under $20.00 tonight. Several good reasons for that.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • AcesCrackedAcesCracked Posts: 189 ✭✭
    At this rate of drop we will be ordering 2014 monster boxes at less than 10K. Wish you could lock in future date ASE's........

    Tom
  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭
    So who's calling a bottom? This year's stunning collapse of PMs coupled with the equity markets rise to all time highs has some saying PMs are done. I'm not one of them and feel we are very close (~10%) to a bottom for 2013 anyway.

    What say you?
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>So who's calling a bottom? This year's stunning collapse of PMs coupled with the equity markets rise to all time highs has some saying PMs are done. I'm not one of them and feel we are very close (~10%) to a bottom for 2013 anyway.

    What say you? >>



    $$$ has been rotating into the stock market and out of PM's for over one year. More sellers than buyers. Until the potential return favors PM's and not equities, PM will have a difficult time gaining any substantial ground. We may be bottoming out now, but if we are, don't expect a repeat of 2011.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I don't expect a repeat of 2011....but something much more impressive as silver goes up 6X to 15X on its final leg sometime between 2015-2019.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • vprvpr Posts: 606 ✭✭✭
    Typically the last stages of a correction seem to be the worst. That's when the market shakes out the weakest ones. And we have a strong support in this area. The highs from 2008 are around here. I bet we're going to rebound soon!
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  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭


    << <i>Typically the last stages of a correction seem to be the worst. That's when the market shakes out the weakest ones. And we have a strong support in this area. The highs from 2008 are around here. I bet we're going to rebound soon! >>



    I think so too but it might not be until fall. If you can buy under $20 this summer? Back up the truck!
  • vprvpr Posts: 606 ✭✭✭
    I'd actually be afraid if we dropped below 20 and stayed there. I certainly won't be buying below $20. I'll just wait for $15.
    References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I guess it depends what kind of oz one has. I sold a 1 oz round today for just over $75. It was about $35 more than I expected. It was a nice birthday present.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    this all kind of stinks but I guess its a buying opportunity too
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  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭


    << <i>I'd actually be afraid if we dropped below 20 and stayed there. I certainly won't be buying below $20. I'll just wait for $15. >>



    You might not get it. Certainly $15 could happen but I would be shocked to see it go that low near term. image
  • tneigtneig Posts: 1,505 ✭✭✭
    It will be a long time before anyone has any confidence in the steadily growing price again - at least over a year.
    Even if it goes up into the 30's/1500's and above, wouldn't you have reservations about buying then?
    COA
  • JamesMurrayJamesMurray Posts: 4,036 ✭


    << <i>I guess it depends what kind of oz one has. I sold a 1 oz round today for just over $75. It was about $35 more than I expected. It was a nice birthday present. >>



    This is very true , im regularly selling 1 oz .999 silver rounds and getting $110 a pop without effort.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>It will be a long time before anyone has any confidence in the steadily growing price again - at least over a year.
    Even if it goes up into the 30's/1500's and above, wouldn't you have reservations about buying then? >>



    To me, PM's are just another commodity, with only one exception, it has more doomsayers and conspiracy nuts following it. Ignore those 2 factions and treat it like you would a stock purchased. If a stock becomes "pricey or overbought," it's time to take a profict. If it becomes undervalued and the stocks fundamentals have not changed, buy it. The 64 thousand dollar question is: are PM's currently undervalued and have the fundamentals changed? Maybe, maybe not. Sometimes the best course of action is: to do nothing.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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