05-15-2012, 11:15 AM
I dunno. On one hand, silver still has a lot further it could fall relative to the historical average. On the other hand, it seems like a heavily manipulated market and this feels like another "dip so that we can make money again on the next bubble". I also think precious metal hording coincides with feelings that the economy may be doing poorly so that may be a question of how you feel the future is going to go: the US gets its debt under control, GDP continues to rise at a good clip, unemployment drops to 5%, silver will fall -OR- the US debt continues to spiral out of control, GDP has only risen temporarily thanks to massive amounts of deficit spending and will crash once that's forced to stop, unemployment will stay the same or may get much worse, European economy = hell in a handbasket, silver will probably skyrocket as investors look for something to shift their Dollars and Euros into, fearing big inflation or worse.
Pick yer prediction of the future. I think you could lose half your money or see it doubled over the next year.
I do think this article is pretty reasonable, though:
<!-- m --><a class="postlink" href="http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CGoQFjAA&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FBT-CO-20120419-708757.html&ei=2n2yT4CwPIq36QG4__nUDA&usg=AFQjCNGTof0GMombVHcVpV6xiZnWuEoQJg&sig2=Hhk5_gPwiuJZIfoyLJqsPA">http://www.google.com/url?sa=t&rct=j&q= ... IfoyLJqsPA</a><!-- m -->
Less than a month old and pretty accurate in its forecast so far. Gold went under $1600, silver reached a low of about $28. Now it's just a question of how you feel about their prediction of a summer upshoot.
Not sure how I feel about their prediction of more stimulus this year....but it is an election year, so maybe that bet isn't too far off. Another QE would surely see silver blast off. Not sure what you think of Peter Schiff but he basically says QE3, by that name or some other, is eventually inevitable as we are now reliant on stimulus to keep the economy rolling. April job growth being weak does seem to have people speculating that another stimulus will be done.
Pick yer prediction of the future. I think you could lose half your money or see it doubled over the next year.
I do think this article is pretty reasonable, though:
<!-- m --><a class="postlink" href="http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CGoQFjAA&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FBT-CO-20120419-708757.html&ei=2n2yT4CwPIq36QG4__nUDA&usg=AFQjCNGTof0GMombVHcVpV6xiZnWuEoQJg&sig2=Hhk5_gPwiuJZIfoyLJqsPA">http://www.google.com/url?sa=t&rct=j&q= ... IfoyLJqsPA</a><!-- m -->
Less than a month old and pretty accurate in its forecast so far. Gold went under $1600, silver reached a low of about $28. Now it's just a question of how you feel about their prediction of a summer upshoot.
Not sure how I feel about their prediction of more stimulus this year....but it is an election year, so maybe that bet isn't too far off. Another QE would surely see silver blast off. Not sure what you think of Peter Schiff but he basically says QE3, by that name or some other, is eventually inevitable as we are now reliant on stimulus to keep the economy rolling. April job growth being weak does seem to have people speculating that another stimulus will be done.