Silver buyers.....silver to hit 125 in 90 days (in summer 2011)

[puppetmaster]

First off I like to buy whenever I can and do own silver. I am in the Jewelry business and have direct connections to wholesale silver. I have heard from a reliable source that silver should hit $125/oz in 90 days or less due to a demand issue that has not been made public.
This is why you see the price increase of almost $10/oz this last thirty days. I don't usually make predictions and I hope I am wrong as this will severely impact my business. I can tell you that there will be a change to another precious metal also because of the coming announcement. Sorry I cannot give you more details about this at this time.

Just a rumor but I thought I would share.....

 

[eduardo89]

Good thing I (my family) owns silver mines!

 

[Godisnowhere]

I think the public is aware of a silver inventory problem if you are searching for the info. That and the weak US dollar due to spend and print is why I continue to buy as much as possible. I am not wealthy but converted savings and 401.k to Silver IRA.

 

[Seraphim]

I may be a bull on steroids when it comes to silver, but 125$ within 90 days is doubtful...VERY doubtful. I believe that only a collapse of a major currency would elicit such a huge move. YES, a collapse of a major currency is possible - but unlikely (YET).

Silver will hit 125$ though. Just not that soon (I presume).

 

[RileyE104]

$125 is actually close to its inflation-adjusted high.

If I remember right, I read that it didn't take silver that long to reach that high, which was about $50 back then.

So, I don't think this is that crazy of a prediction.

However, I would like to think it would take longer because a steady climb with a few corrections along the way is less scary.

 

[psi2941]

yea but the last 30 day the chart looks crazy. the slope is almost undefined

 

[squarepusher]

125 is conservative. I think 500 or 1000 may be more realistic

 

[CaliforniaMom]

It may be true. There's a shop in my nearby mall that sells silver coins. When I decided to finally buy one a couple of weeks ago they said there was at least a 6 week waiting list just to get one silver coin. Silver is pretty much sold out. It seems a good time to buy some, if you can even find it.

 

[pmbug]

125 is conservative. I think 500 or 1000 may be more realistic

In the next 90 days? I think the Fed (and their proxies) can string things out longer than that.

 

[puppetmaster]

This rise is not due to the fed or a currency collapse. I know there is high demand also but the demand is rising and will rise very quickly as this news leaks away from the insiders. Again the gain is not based in a collapse of a currency but on a new high demand use.....this is a short term prediction and I beleive my source, but we will have to see.

 

[pmbug]

Inflation and currency fears are what's driving the "investment" demand.

 

[erowe1]

First off I like to buy whenever I can and do own silver. I am in the Jewelry business and have direct connections to wholesale silver. I have heard from a reliable source that silver should hit $125/oz in 90 days or less due to a demand issue that has not been made public.
This is why you see the price increase of almost $10/oz this last thirty days. I don't usually make predictions and I hope I am wrong as this will severely impact my business. I can tell you that there will be a change to another precious metal also because of the coming announcement. Sorry I cannot give you more details about this at this time.

Just a rumor but I thought I would share.....

Let me guess. This reliable source wants to sell some silver.

 

[zerosdontcount]

my thoughts exactly

 

[The Dark Knight]

I never say never but this "source" is probably full of BS. Silver will not be 125 this summer unless there is a collapse. I do think a collapse will come if current policy is maintained but unlikely it would come as soon as this summer.

 

[Michael P]

Maybe if the debt ceiling isn't raised and the US starts to default, but that is not going to happen. The price is more likely to hit twenty something then one-hundred and twenty something in the next 90 days. However, I would be okay with either of these scenarios. It depends on what happens when QE2 ends.

Let them eat ipads!

 

[LibForestPaul]

Collapse of a currency/collapse of a country...
say Saudi/Libya/Iran?

 

[Suzu]

... only a collapse of a major currency would illicit such a huge move.

illicit = adjective
1. not legally permitted or authorized; unlicensed; unlawful.
2. disapproved of or not permitted for moral or ethical reasons.

elicit = verb
to draw or bring out or forth; educe; evoke

 

[RileyE104]

yea but the last 30 day the chart looks crazy. the slope is almost undefined

This is a 30 year chart...

This rise is not due to the fed or a currency collapse. I know there is high demand also but the demand is rising and will rise very quickly as this news leaks away from the insiders. Again the gain is not based in a collapse of a currency but on a new high demand use.....this is a short term prediction and I beleive my source, but we will have to see.

I disagree. The FED's QE2 will be dwindling down by the end of summer... So wont the full force of that inflation start kicking in at that time? If it does, then this $125 prediction isn't that far-fetched.

^ I say this because when it started last November they said that it would last until mid-2011. Summer is mid-2011.

 

[Seraphim]

corrected.

illicit = adjective
1. not legally permitted or authorized; unlicensed; unlawful.
2. disapproved of or not permitted for moral or ethical reasons.

elicit = verb
to draw or bring out or forth; educe; evoke

 

[puppetmaster]

This is a 30 year chart...




I disagree. The FED's QE2 will be dwindling down by the end of summer... So wont the full force of that inflation start kicking in at that time? If it does, then this $125 prediction isn't that far-fetched.

^ I say this because when it started last November they said that it would last until mid-2011. Summer is mid-2011.

No I am saying that the rise I was told is coming has nothing to do with the fed. It is in addition to the Feds policies.
Just saying this is the business I am in and there is a new use for silver that if it hits the news as predicted within 90 days there will be an additional upward force in price.