Now may be a very good time to buy gold/siiver

[PeacePlan]

This looks a lot like it did back in 2008 and that was a good time to buy. A huge amount of silver shorts have been covered by the commercial traders and this looks like a repeat. I could be wrong but this is my best guess and I just placed an order with AMPEX

I could be wrong so do your own research and invest at your own risk..

 

[Blueskies]

I don't think so.

I don't think the Fed rolls out QE3 for another 4-6 months. Also, collapses in Europe and China will be massively deflationary.

 

[Blueskies]

Just want to clarify:

We know the end game. The end game is QE infinity and massive inflation.

But, not for now, IMO.

 

[cubical]

Why do you say 4-6 months? I think it could happen any week now, with the collapse of the EU being one of the catalysts or possibly the fed participating in the money priting to save greece(then Italy, Irland etc).

 

[Brian4Liberty]

Whatever happened to all of the people that said "back up the truck at $30"? Now that we are stuck around $30, everyone is getting cautious. Some observers might call that a contrarian indicator that we have reached the bottom...

 

[Lovecraftian4Paul]

I have only a vague idea of what could be coming over the next six months, but it's a good buying opportunity in any scenario. How could you possibly go wrong? This may even be the bottom for gold and silver for this cycle, but I sure hope it isn't! I'll load up even more at lower prices.

 

[Blueskies]

Why do you say 4-6 months? I think it could happen any week now, with the collapse of the EU being one of the catalysts or possibly the fed participating in the money priting to save greece(then Italy, Irland etc).

It's a classic power move.

Our types will always oppose the Fed. But lately, mainstream republicans like Perry have gotten on the bandwagon. Bernanke needs to shake them off.

Bernanke is going to let everything cave. "Sorry, I can't do anything" he'll say. Then watch, everyone will turn and run to the Fed. They will beg Bernanke for help. Then you'll get the real printing.

 

[cubical]

Whatever happened to all of the people that said "back up the truck at $30"? Now that we are stuck around $30, everyone is getting cautious. Some observers might call that a contrarian indicator that we have reached the bottom...

lol, exactly. People on here and everywhere always say this until it actually happens. They want to backup the truck at 30 while the spot price is 40, but who wouldn't want that deal.

 

[cubical]

It's a classic power move.

Our types will always oppose the Fed. But lately, mainstream republicans like Perry have gotten on the bandwagon. Bernanke needs to shake them off.

Bernanke is going to let everything cave. "Sorry, I can't do anything" he'll say. Then watch, everyone will turn and run to the Fed. They will beg Bernanke for help. Then you'll get the real printing.

My point is, I believe the collapse is coming before 4 months.