Silver down more than $3 today
- Thread starter qh4dotcom
- Start date
LOL! "Blue Light Special" Can you imagine the power rush the guys at the top must experience when they pull the chain and wipe out the inexperienced day-to-day speculators in gold? It is almost evil. But, hey, it's business!
http://goldprice.org/spot-gold.html
swissaustrian
Member
- Joined
- Feb 21, 2011
- Messages
- 2,689
Exactly that´s my concern aswell. The next days will show if the strong gold/silver correlation really continues.
F
FlatIron
Guest
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.....
http://www.ronpaulforums.com/showth...-in-90-days-(in-summer-2011)&highlight=silver
oops.... that was coming up on 120 days ago.... and they still can't reveal the secret source?!?!?
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.....
http://www.ronpaulforums.com/showth...-in-90-days-(in-summer-2011)&highlight=silver
oops.... that was coming up on 120 days ago.... and they still can't reveal the secret source?!?!?
Revolution9
Member
- Joined
- Jun 1, 2007
- Messages
- 9,323
There are different points of view, but you don't deny that large supply of silver are held by part suppliers who will reduce their inventory in first sign of economic slowdown? Sure Silver may go up in the long run but at the start of a global recession silver values will come down.
I think you were missing the point.
Yes, you make a very valid point and I agree. My point with that article was that we are seeing a REMONETIZATION of precious metals.
Whatever demand dries up on the industrial side will be gobbled up AND THEN SOME by the MONETARY demand.
Yes, you make a very valid point and I agree. My point with that article was that we are seeing a REMONETIZATION of precious metals.
Whatever demand dries up on the industrial side will be gobbled up AND THEN SOME by the MONETARY demand.
headhawg7
Member
- Joined
- May 18, 2011
- Messages
- 398
Agreed...wait till they announce QE3
Just keep in mind 80% of silver is consumed for industrial use.
swissaustrian
Member
- Joined
- Feb 21, 2011
- Messages
- 2,689
Look at the parallels today vs. yesterday:
You know Asia has to be buying silver hand over fist right now. Gold barely moves but silver is being (short term) smacked into the dirt? Buying opportunity for those so inclined. Don't be fooled by the liquidation moves and JPM's shenanigans.
Similar threads
