I would expect to see little resistance at the $18 mark. It should be blown away and heading towards $19 in a couple of weeks.
I do expect minimal resistance at the $20 mark, though it will be mostly emotional with little substance behind it.
I'll stand behind my thinking that we'll see $22.50 and severe resistance at that point during the 3rd quarter of the year, I could see it stalling there through the 4th quarter as well.
In 2009, all bets are off and the charts could well go vertical, ala the current plat charts.
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>I'll be selling a large portion of my holdings of silver at the $20 level. Most of this silver was bought at $7/oz >>
Unless you need the money, I think that would be a serious mistake.
The bulk of my hoard was bought at less than $5/oz. and there is no way I'm selling now, just when the train is beginning to pick up some serious speed.
Why would you want to get off now?
I do intend to take some profits at the $30 level and that isn't as far away as many believe. Give it 18 months to 2 years and we'll be there, likely higher in fact.
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Comments
Bruce scher
<< <i>what does that make common silver coins worth..a dime qtr half?
Bruce scher >>
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I do expect minimal resistance at the $20 mark, though it will be mostly emotional with little substance behind it.
I'll stand behind my thinking that we'll see $22.50 and severe resistance at that point during the 3rd quarter of the year, I could see it stalling there through the 4th quarter as well.
In 2009, all bets are off and the charts could well go vertical, ala the current plat charts.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
silver going above 20 will take some time. years in my mind.
lets wait and find out :-)
<< <i>Booooorrrrring. >>
yes.
yes you are.
hi, i'm tom.
i do not doctor coins like some who post in here.
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One can never have enough Platinum - that's all I gots to say.
<< <i>Booooorrrrring. >>
Interesting..... how those who post these types of comments........
....................................seem to keep reading the threads.
<< <i>SILVER HIT $18/OZ. >>
and gas hit $3.00
and my electric bill is up 13%
and the national debt is up 9 trillion dollars
and my tricycle has a flat tire
and my sandpapered 1921 morgan didnt get a CAC sticker in spite of 3 submissions
whats your point? (8-)
<< <i>i see it back down to 17 shortly if not lower.
silver going above 20 will take some time. years in my mind.
lets wait and find out :-) >>
silver going above 20 in 2 months
coinpage.com
<< <i>I'll be selling a large portion of my holdings of silver at the $20 level. Most of this silver was bought at $7/oz
Unless you need the money, I think that would be a serious mistake.
The bulk of my hoard was bought at less than $5/oz. and there is no way I'm selling now, just when the train is beginning to pick up some serious speed.
Why would you want to get off now?
I do intend to take some profits at the $30 level and that isn't as far away as many believe. Give it 18 months to 2 years and we'll be there, likely higher in fact.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff