How low will silver go?

[Rented Mule]

I think the reason we are seeing silver rise even in the face of a strong dollar is due to the gold/silver ratio being way out of whack (it had climbed above 90 in recent months) and finally correcting. With gold at $1,500 a ratio of 75 (which is still very, very high by historical norms) implies a silver price of $20/oz.

 

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[Marchas45]

Don't worry my friend, you will see that goal and more. Lol Hi! Ya! Jim, yea I'm still kicking, hope your doing well, Charlie

 

[Marchas45]

Well at least we are still in an uptrend after the past couple of days but hey I'm still stacking, how about you. Keep Stacking

 

[TheGreenBoy]

Silver is an important technological metal, in the light of recent China-trade saga, you shouldn't worry, just wait........

 

[jim4silver]

Well at least we are still in an uptrend after the past couple of days but hey I'm still stacking, how about you. Keep Stacking

I'm going to pick up some BU quarter rolls (1961-64 years) from a collector friend for less than $1 over melt per oz of pure silver today. He's been selling the past few days and is often an inverse indicator, so I think we're going higher over the coming weeks. Keep stacking!

 

[Marchas45]

You got it Jim, that's why I'm buying right now as I see the same trend happening as the last rise and hopefully it goes higher. I've also been stocking up on circulated Silver Dollars as I give them away at Christmas to some of the locals who serve me throughout the year in the local businesses. I have been doing it for 3 years now and it's a great feeling, up to 3 rolls now. Hopefully they will all get a surprise this year when they find out how much a dollar costs. Lol Keep Stacking

 

[Johnnybravo300]

These small gains havent curbed my appetite yet. Not high enough prices to discourage my stacking at this point and no worries.
I will probably continue to buy into the $20s no prob. We'll see anyway.

 

[Marchas45]

Looks as if we may have a little bit of a bounce down again, Hope not! Keep Stacking

 

[ExcalSam]

You know...When the SHTF, money, silver, gold, will have no value. It'll be what commodity or service you have to barter.

 

[Jason in Enid]

You know...When the SHTF, money, silver, gold, will have no value. It'll be what commodity or service you have to barter.

Why does everyone think that holding PMs has to involve an EOTWAWKI situation?

 

[fistfulladirt]

Why does everyone think that holding PMs has to involve an EOTWAWKI situation?

It’s because we’re only used to good times...and for that, folks only need plastic. Why would we ever need PM’s?

/s

 

[jim4silver]

Although I am bullish on silver long term, I believe we are going to see a short term drop soon, despite the world tensions, etc. The chart looks like a possible short term head and shoulders forming, getting ready to drop to form the right shoulder, then drop a bit more. I'm mostly all in on silver so I am not hoping for this.

Price has been going up on low volume (bad), and the commercial COT are as short silver and gold as I can remember since following the COT numbers.

http://schrts.co/BqhrUmwg


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