Where are we headed?

[pmguy100]

Will gold and silver continue to fall? How low will they go?

 

[mmerlinn]

This rundown in silver will probably stop around $26. Will it go lower? Maybe, but not likely before trying to break $32 on the upside first. If silver cannot DECISIVELY break above $32, then $20 silver is very likely, even though it seems impossible to me at the moment.

Gold and silver have been pretty much in tandem for the last several years, so I expect similar action with gold, just different numbers.

 

[mike]

I predict wild swings as things unravel.

 

[pmbug]

There is a real possibility that the paper markets will break down (ie. go to zero) while the physical markets seize up (ie. you won't be able to buy at any price). At least for a short period until supply/demand in the physical market asserts a dominant role in price discovery.

 

[CharlesMcLain]

Volatility is perhaps the second nature of the gold and silver market. Right now the precious metals markets are going through, what analysts call, price correction. It’s a temporary phase. My bet is that the prices will soar up soon as the cracks in monetary policies show up.