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Looks like a lot of peeps are BTFD right now. Apmex sales volume apparently exploded this morning.
I think we are heading towards a place with no hope for PMs, at which time I will really spread my arms wide, and load up to the planned % of my portfolio (which will be 50% - I know it is higher than many respectable investors suggest as prudent - around 20%, but that's what I feel in my piss would be comfortable for me).
I mean, we are at the break even spot prices, for 90% of miners, all costs of sustained production counted. It cannot possibly last
Yup, I'm thinking it's time to buy more here, at least a little. Of course, when the local shoeshine boy starts in - it might be a bad sign. Hope I don't qualify for the shoe shine biz.
Ten dollar silver is a gift from Heaven boys. It will never stay that low, and as soon as all physical stocks disappear, the PTB will be given no choice but to unleash the Kraken. I sure would like to recover some of the mega cash I had to spend a few years back.
all of the support at this level, it is not likely to go lower for years, if ever
Looks like we finally hit that $19 target we have been talking about for years. With all of the support at this level, it is not likely to go lower for years, if ever. What I see now is a trading range from 19 to 26 for months, or maybe even years, though years is unlikely with Bernie in charge.
Once Joe Blow realizes that this is the new normal, supplies should open up and premiums come down. Hope everyone has lots of dry powder.
I think it might be a mistake to think of PM's as an investment and watch the price fluctuations unless you like to go to casinos and have large amounts of money that you are able to bet, or get to manage other peoples money. This is more like insurance. You hope you're never going to need it but you still want to have some of it. Not alot. Just enough.
I think it might be a mistake to think of PM's as an investment and watch the price fluctuations unless you like to go to casinos and have large amounts of money that you are able to bet, or get to manage other peoples money. This is more like insurance. You hope you're never going to need it but you still want to have some of it. Not alot. Just enough.
I'm with U, but I'm not considering it an investment. I'm sad I don't have any more money to buy during this sale! But I DO want a lot, and I'm big time against gambling, but not from a moral point of view. I hate to lose my money. Can you imagine what is going to happen to the price of silver when everyone catches on?
. While India imported 1,900 tonnes of silver in 2012, in the first five months of 2013 alone, imports have touched 2,400 tonnes.
I wish to see 18 $ silver again. But any figure under 20 $ would make it attractive to me...
I love these up days!
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Lennox said the factors that helped spur silver's rally will continue to push the metal higher this year, and said it could hit highs of $30 to $35 before the end of the year.
Furthermore, silver's dramatic rally over the past week is bound to attract investor attention and help fuel further gains, added.
"There is one good way to get yourself on the radar, and that's to have a good price rally, all the speculators pick up on it and it then become self-feeding," he added.
IG's Shamu forecasts that silver will reach $24-25 an ounce in the short term, and highs of $28 by the end of the year.
"It looks like the trend in the short term for gold and silver is upwards they've broken through some key resistance levels," said Shamu.
Andrew Su, CEO of Compass Global Markets, said he expects silver to hit $25 over the next month on the back of a rally in gold and to surge to around $28 at some point in October, once Fed tapering has begun.
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My two current thoughts on silver:
1) IMO there is ample room on the upside in the short to medium term for silver. The industrial demand, if I understand correctly, will help ensure that. While silver has had a HELL of a hatchet job done on it over the decades to demonetize it, there is clearly value in silver as a PM as well. Two impetuses (word plural?) that should push silver up.
2) Be that as it may (point 1), the problem with buying a lot of silver is that your poor little boat will sink that much sooner with all the extra weight...
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2) Be that as it may (point 1), the problem with buying a lot of silver is that your poor little boat will sink that much sooner with all the extra weight...
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