New floors?

[11C1P]

I thought silver had found a fairly solid floor at 16, and maybe this dip below could be temporary, but for some reason I just have a feeling the next couple months will see it get below 15, possibly nearer to 10 than 15. Gold now well below 1200 again, will it get below 1100? how about 1000? If so, It might be tough to resist adding more gold than silver, even if silver is barely over 10. If they don't dip do we just linger in a narrow trading range for untold years? I guess I just like to see movement in them either way.

 

[Penn]

oh my head- I thought you were remodling. Silver is like a bouncing ball....

 

[mmerlinn]

All metals markets, including PMs, in December tend to be towards the lows for the year. Usually after the first of the year metals markets tend to rise into the Easter period which is often the highs for the year.

For well over 30 years I have always tried to load up on metals in Nov & Dec with the intent on selling them around Easter the next year. 90% of the time (36 out of 40 years) that strategy has worked for me. Even in the off years I at least broke even.

So, I see weakness in PMs through the end of the year with a spike next year around Easter, but still far far below the record highs, probably with a max of around $20 for silver and $1400 for gold.