Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Like Tree1Likes
  • 1 Post By PMBug

Reply
 
LinkBack Thread Tools
Old 04-04-2013, 05:31 PM   #1
n00b
 
Join Date: Mar 2013
Posts: 3
Liked: 0 times
Where are we headed?

Will gold and silver continue to fall? How low will they go?
pmguy100 is offline   Reply With Quote
Old 04-04-2013, 11:57 PM   #2
Ground Beetle
 
Join Date: Oct 2011
Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times
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.
__________________
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.


http://mmerlinn.com

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
mmerlinn is offline   Reply With Quote
Old 04-05-2013, 02:14 AM   #3
Ground Beetle
 
mike's Avatar
 
Join Date: Feb 2012
Location: Texan in Sweden
Posts: 549
Liked: 306 times
I predict wild swings as things unravel.
__________________
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

H. L. Mencken

comparegoldandsilverprices.com
mike is offline   Reply With Quote
Old 04-05-2013, 06:28 AM   #4
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,014
Liked: 2443 times
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.
rblong2us likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 04-13-2013, 12:08 AM   #5
Fly on the wall
 
Join Date: Apr 2013
Posts: 37
Liked: 8 times
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.
CharlesMcLain is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Global Monetary System Headed for Collapse Jetstream Fiat Ponzi 17 02-15-2013 06:10 AM
Are we headed for another Lehman moment in Europe? PMBug Fiat Ponzi 11 11-04-2011 03:06 PM


All times are GMT -5. The time now is 06:52 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.