Silver " will be heading up back toward the $40-$50 region within the next three to five years&
piecesofme
Posts: 6,669 ✭✭✭
CU wont let me post the link here because it inadvertently has a forbidden word in the link. But go to market watch.com (make it all one word, can you now figure out what the forbidden word is? LOL)
and search for the article titled, "Forget about whether $100 silver is possible — how about $1,000?"
Now that's the SPIRIT!
S-P-I-R-I-T, SPIRIT, LET'S HEAR IT
and search for the article titled, "Forget about whether $100 silver is possible — how about $1,000?"
Now that's the SPIRIT!
S-P-I-R-I-T, SPIRIT, LET'S HEAR IT
To forgive is to free a prisoner, and to discover that prisoner was you.
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Comments
Liberty: Parent of Science & Industry
You guys got 50 years to cash in good luck...
You guys got 50 years to cash in good luck...
I agree on the Avi comment.
50 years? Avi says $50 in the next 5 years at most, not 50.
<< <i>Avi has been prolly one of the most that has been right on PM price movement...
You guys got 50 years to cash in good luck...
I agree on the Avi comment.
50 years? Avi says $50 in the next 5 years at most, not 50.
50 is not cashin in, 1000 is...lol...
<< <i>Three to five years? Possible but I wouldn't want to see the side effects. >>
Ohhhhhhhhhh I'm scared....lol... What happened last time???? Absolutely nothing...
-Silver and gold will continue it's downward trickle for about 6-8 more months and then turn upward and hit mid-$40/oz by yearend 2018 or early/mid 2019.
-US debt will hit $20,000,000,000,000 by this time 2 years from now.
-Interest rates will have been raised 4 times by yearend 2017.
Too many positive BST transactions with too many members to list.
<< <i>-Stocks will start to sink in late September/early October 2015 and decrease at least 40% over several months following.
-Silver and gold will continue it's downward trickle for about 6-8 more months and then turn upward and hit mid-$40/oz by yearend 2018 or early/mid 2019.
-US debt will hit $20,000,000,000,000 by this time 2 years from now.
-Interest rates will have been raised 4 times by yearend 2017. >>
And whose tossed out crystal ball are you using for your predictions?
Too many positive BST transactions with too many members to list.
<< <i>I'll use another forum member's sig line for this......"You've been warned" >>
"You've been ignored"
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<< <i>Three to five years? Possible but I wouldn't want to see the side effects. >>
Ohhhhhhhhhh I'm scared....lol... What happened last time???? Absolutely nothing... >>
Oh that's right. How could I forget 2008-2009 was absolutely nothing we bought our way out of for $15 trillion?
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<< <i>Three to five years? Possible but I wouldn't want to see the side effects. >>
Ohhhhhhhhhh I'm scared....lol... What happened last time???? Absolutely nothing... >>
Oh that's right. How could I forget 2008-2009 was absolutely nothing we bought our way out of for $15 trillion?
Pardon me but this right here is a perfect example of ignorance, why talk about stuff one knows absolutely nothing about??? Heck if I know....
Emotions most likely, easier to repeat some seemingly knowledgable info but just more false info embedded by failure to take take to examine info personally...
Or maybe who the heck knows but it's why America is America....
In the words of one of the greatest academia of our time..
Fat, drunk and stupid is no way to go thru life, son...
And in case and I'm sure no one or few get what I have identified in this quoted bloat of nonsense, maybe I'll point it out later and maybe I won't...
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<< <i>Three to five years? Possible but I wouldn't want to see the side effects. >>
Ohhhhhhhhhh I'm scared....lol... What happened last time???? Absolutely nothing... >>
Oh that's right. How could I forget 2008-2009 was absolutely nothing we bought our way out of for $15 trillion?
I searched multiple sources a few months back and the bracketed range for the cost of the 2008-2009 crisis ranged from $12 to $22 TRILL. Even the govt's own GAO agreed with the lower end of that range. Recall that otc credit default swaps were deleveraged down some $20-$30 TRILL. And MBS derivatives went from $5-7 TRILL down to almost nothing. Someone had to pay the winners off on those bets. A large % of the money payola'd out doesn't show up on any FED or USTreasury accounting sheet. I recall seeing the end of 2008 BIS/OCC otc derivative's holdings. And the big banks declared a net $7-$10 TRILL "gain" in value. That would seem to suggest someone profited very big and pay offs were made. For lack of anything better I'll stick with the GAO at -$12 TRILL....though I think it's really on the order of $15-$20 TRILL.
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<< <i>Three to five years? Possible but I wouldn't want to see the side effects. >>
Ohhhhhhhhhh I'm scared....lol... What happened last time???? Absolutely nothing... >>
Oh that's right. How could I forget 2008-2009 was absolutely nothing we bought our way out of for $15 trillion?
Pardon me but this right here is a perfect example of ignorance, why talk about stuff one knows absolutely nothing about??? Heck if I know....
Emotions most likely, easier to repeat some seemingly knowledgable info but just more false info embedded by failure to take take to examine info personally...
Or maybe who the heck knows but it's why America is America....
In the words of one of the greatest academia of our time..
Fat, drunk and stupid is no way to go thru life, son...
And in case and I'm sure no one or few get what I have identified in this quoted bloat of nonsense, maybe I'll point it out later and maybe I won't... >>
Don't worry rawteam1 -you make a fine example yourself.
Keep on fooling yourself, it's easy.
P.S. I have an MBA magna cum laude from a major university.
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<< <i>
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<< <i>
<< <i>Three to five years? Possible but I wouldn't want to see the side effects. >>
Ohhhhhhhhhh I'm scared....lol... What happened last time???? Absolutely nothing... >>
Oh that's right. How could I forget 2008-2009 was absolutely nothing we bought our way out of for $15 trillion?
Pardon me but this right here is a perfect example of ignorance, why talk about stuff one knows absolutely nothing about??? Heck if I know....
Emotions most likely, easier to repeat some seemingly knowledgable info but just more false info embedded by failure to take take to examine info personally...
Or maybe who the heck knows but it's why America is America....
In the words of one of the greatest academia of our time..
Fat, drunk and stupid is no way to go thru life, son...
And in case and I'm sure no one or few get what I have identified in this quoted bloat of nonsense, maybe I'll point it out later and maybe I won't... >>
Don't worry rawteam1 -you make a fine example yourself.
Keep on fooling yourself, it's easy.
P.S. I have an MBA magna cum laude from a major university. >>
What a joke...should send it back...
Oh yea that pride stuff... And how pray tell does memorizing a bunch of stuff at a U give one some instant credibility in anything??? Search Henry Ford what he thought of that...
I'll believe it when I see it. If it's gonna happen, let's shoot for the top end, ok?
I knew it would happen.
And of course being cryptive and unclear in what is said leaves room for interpretation on the writers part so when someone thinks they've figured out what has been said, the author can then put a new spin on things if the circumstances warrant such action, right. The ultimate way to leave the door open to later change ones mind tactic. Nicely done rt1.
Me, I prefer to "talk right down to Earth, in a language here, can easliy understand"
type2,CCHunter.
Knowledge is the enemy of fear
Not saying it wont run back up year or two down the line, but those numbers are obsurd.
<< <i>POM, it's not gonna happen that fast, probably 20 years or more before we see $40 again. Its funny how all the dealers thought I was crazy when I said $18 was coming and then soon $15. Look up my post, sorry to say market manipulation vs lacking fundamentals equals lack of rising PM's. The crap these idiots post in their silver gonna hit $1000 and ounce blogs and articles is funny at best. >>
Who can say if it's 20 yrs...or 5 years, 10 years, or never. Once silver fell below strong support at $26 the game was over. Any "low" predictions from that point were sort of useless as it was pretty clear where things were headed. Cohodk called gold at $1200 and silver down around $14-$16 long before it became "popular" to "outlow" the next guy....up around the $1600/$26-$30 level as I recall.
For investments, a good rule of thumb is that a nice investment should double in 7 years. if it doubles faster, hey, great, yay that investment! if it's slower, it's probably safer than an investment that doubles in 7 years or less, which can also get cut in half in a year or two depending on the market cycles or if the risks that were taken to try to achieve yield crapped out and you end up losing money.
Do you think silver can double or triple in 3-5 years?
I don't.
I do believe I will see $50, $60 $70 silver someday, but think it may take 10, 20 years to get there again.
there are too many people getting older day by day and holding physical silver, who will sell next time it sees $40+, including many many heirs whose parents and grandparents bought the stuff in the first place.
They're going to want to buy hot tubs and fire features
Liberty: Parent of Science & Industry
And to show no bias. Since the 2011 peak silver has fallen >45% in 5 months and a second time in 8 months. And the crash into and out of the October 2008 bottom was vicious in both directions. It works both ways. Following silver's crash in 1980 it went up in 90% in 12 months (May 1986-May 1987). I wouldn't ever rule out a doubling in a short period of time after an extensive down turn.
US mint "playing" with silver prices?
The author above mentions what the $9 BILL in silver derivatives are all about. Now that Citibank increased the total amount of silver derivatives by >$50 BILL in 2015....what's that all about? Any help from Citibank alumnus Mr. Lew there? Or how about former Citi CEO Robert Rubin? He was the original king of PM's manipulation in the 1960s (London Gold Pool) and then the strong dollar policy/gold carry trade of the 1990's. The apples don't fall far from the Citi/GS/JPM trees.
Also from the author:
Everyday since the Mint began selling Silver Eagles again on Monday the amounts have been rising dramatically. So much so that on Thursday the July totals hit 5,529,000 coins sold even though they were closed for half the month.
http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion
On the surface it’s been very positive news for silver bugs but what struck me as CRIMINAL MANIPULATION was that the US Mint STOPPED adding sales on Thursday at that specific amount 5,529,000 and added ZERO sales on Friday. Why did they stop adding to the sales data? Because anything more than that amount would have made HEADLINES!!! You see, the largest sales month in 2015 so far was January where the Mint sold 5,530,000 Silver Eagles. Did they stop adding to the sales data on purpose to change perception? You decide…because the US Mint posted ZERO Silver Eagle sales for Friday – the last day of July! Could you just imagine the headlines if the amount of Silver Eagles sold in July (when the US Mint shut down production for half the month) was the highest month of the year? Conclusion: The Silver Manipulation Con continues at the highest levels of the US Government.
I don't know if the "C" word applies here....that's for the fiat bugs to pounce all over. But to fall exactly 1,000 coins short of January's record totals is a bit coincidental....lol (2 minutes of production). And with half the month shutdown....it certainly was an all time production record. That's just a statistical fact....if you believe the US Mints production totals in the first place....lol. The author has written some pretty crazy stuff over the years (ie Road to Roota). I just try to pick out the few facts that are worthy of mentioning. Fiat bugs haven't been fed since last week so I offer this up to them.
January 5,530,000
February 3,022,000
March 3,519,000
April 2,851,500
May 2,023,500
June 4,840,000
July 5,529,000...
Knowledge is the enemy of fear
I was there when it was put in place and know the guy who suggested and designed it as well as the folks who approved it as making good sense in terms of avoiding big swings in silver prices. This all happened when silver was below $15 an ounce as I recall, with swings in both directions going on regularly.
<< <i>If so much silver is being accumulated at these levels, then who is going to buy it a higher prices? >>
Someone who thinks it will go even higher? Or someone who is just starting out and can only get it at prices in effect at the time.
<< <i>If so much silver is being accumulated at these levels, then who is going to buy it a higher prices? >>
I dunno! I just feel like a gambler at a casino, and if i just make one more trip to the ATM, I'm going to get lucky and "get out even" if I buy some more silver at lower prices!
Liberty: Parent of Science & Industry
<< <i>And in case and I'm sure no one or few get what I have identified in this quoted bloat of nonsense, maybe I'll point it out later and maybe I won't...
And of course being cryptive and unclear in what is said leaves room for interpretation on the writers part so when someone thinks they've figured out what has been said, the author can then put a new spin on things if the circumstances warrant such action, right. The ultimate way to leave the door open to later change ones mind tactic. Nicely done rt1.
Me, I prefer to "talk right down to Earth, in a language here, can easliy understand" >>
Lol, actually it's so simple and factually correct and corroborated, that it's embarrassing...
Now I know how roadrunner feels when he is trying to explain something to me...
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<< <i>If so much silver is being accumulated at these levels, then who is going to buy it a higher prices? >>
Someone who thinks it will go even higher? Or someone who is just starting out and can only get it at prices in effect at the time. >>
I understand that premise, but do you understand mine?
Knowledge is the enemy of fear
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<< <i>If so much silver is being accumulated at these levels, then who is going to buy it a higher prices? >>
Someone who thinks it will go even higher? Or someone who is just starting out and can only get it at prices in effect at the time. >>
I understand that premise, but do you understand mine? >>
Who bought last time when silver got near 50? Possibly some who are buying now or lower will sell on the way up. There are always buyers and sellers. You can't have one without the other. Stackers and flippers too. Probably won't be the same ones who got burned with it before.
<< <i>If so much silver is being accumulated at these levels, then who is going to buy it a higher prices? >>
When you see questions like this you know they don't make any sense. Every ounce of above ground silver is spoken for. There's an owner for every ounce, at every price level. Who is going to buy it at higher prices? I guess that might be the people who were waiting for $5/oz and never saw it. Who was going to buy silver at $4-$5 ounce in 1999-2001? Someone ended up with it. Who was going to buy the stock market at higher prices these last few years?
A finest known rare coin I had been tracking from 1975-1980 just ran away from me....I missed my window. It went up 16X in that period. Who was going to buy it at that peak? It ended up being one of the sharpest coin dealers/attorneys in the business. And they get whacked good as it dropped 68% over the next 6 years. Who was gonna buy it then? Me. Who was gonna buy it at higher prices? Gene Gardner for one. What might seem over-priced and having no future today, could be just the opposite. Who was gonna buy gold when it reached your target of $1175-$1200 back in 2009? Clearly, lots of people bought it....for the next 2 years. If silver moved back above $18 or even $20/oz from here I'd think a lot more people would consider buying it, especially those who missed out. Maybe some of that leveraged money in the stock market might find its way into commodities and PMs just like 2000-2001. If no one is ever willing to buy at higher prices, then the item goes to zero eventually. Some large entities are surely acquiring large amounts of physical silver at current prices. What's a better relative value, stocks at 2015 levels or silver at 2006 levels? It doesn't hurt any that the silver miners are losing money and cutting back...most have all-in costs in the $15-$22 range. 2015 should show a drop in annual world silver production as mines are cut back, put on maintenance, shuttered, etc.
GFMS was projecting higher silver prices in 2015-2016 back in May - clearly someone would have to buying at higher prices.
Knowledge is the enemy of fear
<< <i>Market dynamics, not understood. >>
Market dynamics didn't apply from 1980-2001?
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<< <i>Market dynamics, not understood. >>
Market dynamics didn't apply from 1980-2001? >>
And that is exactly what you are missing from my comment.
Knowledge is the enemy of fear
And that is exactly what you are missing from my comment.
I got it. Markets didn't apply from 1980-2001. Long vacation for the regulators. In any case that basically agrees with the above of "management of markets" from forces outside normal supply and demand via typical end users.
Ugh.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
<< <i>Think Apple. Who doesn't own it? >>
an Apple product or the stock?...lol
Probably more than you think, but no one would ever admit to it at this point, would they?
One dealer friend in particular of mine said he was the busiest he ever was when silver was $40 and rising.
<< <i>Who bought last time when silver got near 50?
Probably more than you think, but no one would ever admit to it at this point, would they?
One dealer friend in particular of mine said he was the busiest he ever was when silver was $40 and rising. >>
I have $50 pandas essentially. I bought. I still have $5 delivered ASEs though too so....
<< <i>Who bought last time when silver got near 50?
Probably more than you think, but no one would ever admit to it at this point, would they?
One dealer friend in particular of mine said he was the busiest he ever was when silver was $40 and rising. >>
A dealer can be busy as heck and not selling much in the retail space. A dealer friend of mine was very busy buying in the 2011 silver mania. And he was selling nearly everything to the smelter. If you check US Mint ASE sales when silver has been high in price, their sales volume tends to be way down....and just the opposite at low price extremes (ie Jan/July/Aug 2015).
US silver producer Hecla reports $26.8 MILL quarterly loss at average sales of $16.32/oz silver
Hecla would have needed at least $18.25/oz silver to break even this quarter if they sold all their 2nd qtr production. If you only include actual sales, they needed $20/oz. And they reported cash costs/net byproduct of $5.61oz....
<< <i>Think Apple. Who doesn't own it? >>
If you're talking the fruit, I own some all the time.....and eat them everyday.
If you're talking about Apple the company, I've never owned it. Never owned an Apple product of any sort. Zilch. Nada. I guess that makes me as rare as the guy who bought silver at $50/oz and still owns it all....lol. But, at least you found me. Now go find the (lone?) guy who owns silver at $50/oz.
I suspect if I polled the people on my street I'd find at least 30% who "don't own Apple"....maybe even more. In Baleyville it might be closer to 00.44%. In Botswana may be 90%. I suspect over half the world doesn't own Apple.
At the end of 2013 only 14% of US families owned Apple stock. 30% owned cats.
<< <i>Market dynamics are not applicable when you have central banks (and bullion banks) that can overpower supply and demand for months or even years at a time. >>
Post of the week. This is what many refuse to accept or simply do not understand. Any other market besides PM's and criminal charges would be in the news. If the Hunt brothers had been a government agency or acting on behalf of one, they would have died trillionaires.
"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