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  1. #1

    Apr 2008
    3,093
    150 times

    How low will it (silver) go?

    Hopefully the price will not break below $30 or so. If it does not break that level, it will form the last "shoulder" on the inverse head and shoulders pattern which would be bullish. If it breaks below it, it might get interesting (not in a good way for us silver bugs). That is, unless a person has some extra money and wants to get in at the mid to upper $20s, then it is all good.

    Jim
    R.I.P. Rich Hartford

  2. #2
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
    1,779
    168 times
    All Types Of Treasure Hunting
    I don't see it going below $30.00 Jim unless the Asian market is trying to force it down. Lot of stuff is happening right now with France and the euro also the Russian stock market just froze this evening stock trading saying it's an emergency. Something is definitely going on. If it does go done it will be a greater time to buy.

  3. #3
    us
    Oct 2009
    4,484
    1897 times
    All Types Of Treasure Hunting
    If it breaks $30 Im back into buying as much as possible.

  4. #4
    us
    NJ

    Nov 2006
    Middlesex County, New Jersey
    Whites DFX w/ Sunray DX-1 probe and Minelab Excalibur 1000
    3,245
    102 times
    Metal Detecting
    In the WSJ today there was an ad to get a free report on Silver from Investment Rarities Incorporated. The analysis, Theodore Butler is quoted "You're going to see silver at $50 to $100 an ounce. It's inevitable." I did not get the 12 page report but if anyone is interested until 6/30/2012 you can get it for free and they will also give you a free Franklin Half but I'm sure they will hound you to buy silver from them until you die. Their phone number is 800-328-1860 if you want to order it.

    I personally don't think it will go below $30 but it is damn close. I can see it bouncing back in the 40s on the short term but that $100 range is a little crazy at least not in the short term.

    NJ

  5. #5
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
    1,779
    168 times
    All Types Of Treasure Hunting
    I see it reaching $60.00 by the end of the year or higher, watch the Derivatives Market something is happening right now, is gonna get scary. Charlie

  6. #6

    Apr 2008
    3,093
    150 times
    I agree with you Charlie. If I had extra cash laying around I would be buying more at this price level. In addition to the derivative market issues, I believe that there will be an Iran attack before fall which will affect all the markets and make oil prices go way up.

    PS I read today that China is going to start paying for their oil from Iran with gold. I had read before that India had offered to do that as well.

    Things should get interesting this summer/fall that is for sure.

    Jim
    R.I.P. Rich Hartford

  7. #7
    us
    Oct 2009
    4,484
    1897 times
    All Types Of Treasure Hunting
    Touched $30 today. I think it's about to drop.

  8. #8
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
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    168 times
    All Types Of Treasure Hunting
    I still don't see it going below $30.00 it's time to buy, Stack, Stack, Stack.

  9. #9

    May 2012
    Chicago, IL
    4
    All Types Of Treasure Hunting
    All the experts are confident that Silver will stay around $30-32 for a while, which is a bargain price at this point.

  10. #10
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
    1,779
    168 times
    All Types Of Treasure Hunting
    But if your not buying it won't do you any good. This is the time to buy. Stack, Stack, Stack.

  11. #11
    us
    Apr 2011
    2,278
    200 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Marchas45 View Post
    But if your not buying it won't do you any good. This is the time to buy. Stack, Stack, Stack.
    Yep!! I am going to clean out the local pawnshops this weekend!

  12. #12
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
    1,779
    168 times
    All Types Of Treasure Hunting
    Well I take back my last opinion because off what happened in the last 48hrs as I believe tomorrow the spot will be going below $30.00 for the Big Banksters Manipulators Last Hooray and this weekend I'll be Buying, Buying, Buying.

  13. #13
    us
    Jul 2011
    Indiana
    Tesoro Compadre
    175
    19 times
    All Types Of Treasure Hunting
    29.99 as of 2:06 AM ET 5/4/12. I was really hoping to sell some CRH treasure this summer at a decent price. Not looking good right now...

  14. #14
    rex
    rex is offline

    Apr 2012
    197
    43 times
    All Types Of Treasure Hunting
    Quote Originally Posted by N.J.THer View Post
    In the WSJ today there was an ad to get a free report on Silver from Investment Rarities Incorporated. The analysis, Theodore Butler is quoted "You're going to see silver at $50 to $100 an ounce. It's inevitable." I did not get the 12 page report but if anyone is interested until 6/30/2012 you can get it for free and they will also give you a free Franklin Half but I'm sure they will hound you to buy silver from them until you die. Their phone number is 800-328-1860 if you want to order it.

    I personally don't think it will go below $30 but it is damn close. I can see it bouncing back in the 40s on the short term but that $100 range is a little crazy at least not in the short term.

    NJ
    i bought from investment rarities in 2001. i paid around 5 dollars an ounce. i am using it as part of my retirement plan. like to see it go up to 100 or more in the next ten years.

  15. #15
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
    1,779
    168 times
    All Types Of Treasure Hunting
    I think you'll see it go up pretty shortly and I have a gut feeling that something is going to happen over the weekend, Charlie

 

 
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