Anyone selling their CRh findsx after this article?

[jrf30]

I can't belive this guy came out and said this.

<<Gold may be rallying on the fiscal cliff deal, but the rally will be short lived as precious metals will fall to new lows, according to David Hunter, chief market strategist at KCCI, a brokerage firm in New York City.
"I believe we will see a global deflationary downturn in 2013 that will cause gold to plunge to $1,000 to $1,100 and silver to the low teens. Any near-term strength in the metals should be viewed as a selling opportunity," he wrote in an email


Read More At IBD: Fiscal Cliff Deal: What It Means For Gold And Silver Prices GLD SLV - Investors.com>>

What do you think? Will silver fall to the low TEENS? I don't see it, but then again we may be blinded by our addiction to CRH. ANyone else see anyone predicting this low on silver?

 

[AdDicted2Ag]

I highly doubt it will drop that low.. Maybe it will, but you can be sure that if it does, I will be buying up as much as I possibly can..

 

[Diver_Down]

I hope some do. I will be on the buying end. If silver drops, it will force out a lot of the competition as it won't be profitable to keep on the hunt. Fine by me.

 

[hokiemojo]

i think the deflationary aspect applies when you look at silver as a component of electronics manufacturing. i think a lot of us assume it is durrable good, but aside from recycled electronics, a lot of the mined supply gets consumed and thrown into landfills. Just my own guess.

I have no idea (or even a guess) what the future holds, so I always reccomend the same thing. Diversify!! (-:

 

[BuffaloBoy]

I hope some do. I will be on the buying end. If silver drops, it will force out a lot of the competition as it won't be profitable to keep on the hunt. Fine by me.

This.

 

[Wilmingtonsilver]

There have been many on this board that have said that silver will be taking a plunge before it shoots above it's past highs of $50. I think this guy falls right in line with that train of thought.

 

[fistfulladirt]

That's straight from the twilight zone...no one can predict the market. Good reading though.

 

[LooseChange]

Gold/Silver/Precious Metals are a safe haven investment for bleak or uncertain times. We are in the midst of bleak and uncertain times. A lot of investors are parked in this safe haven, but they had to buy their way in. That has caused a bubble of sorts - an unnatural demand that will disappear with the need for a safe haven.

One path:
When other investments show solid promise, it will be time to move out of precious metals and it will be a race to get out. The first one out wins big and the last one out loses. The mass exodus will result in a slump of metal prices - the bubble bursts.

Other path:
There will never be a recovery strong enough to lure investors away from PMs and they marginally outpace hyperinflation.

 

[ArkieBassMan]

That's straight from the twilight zone...no one can predict the market. Good reading though.

Got to agree with this 100%. We CRHers are extremely biased. We believe silver is going to skyrocket because we want silver to skyrocket. The majority of the articles that we read say the price of silver is going to rise because we mainly peruse websites at which sellers of precious metals advertise (coinflation.com for example). These websites aren't going to print/link to many articles preaching that precious metals are currently overpriced as they would likely lose advertising dollars.

Many of my CRHing brethren would likely disagree, but the absolute best thing that could happen to the CRH community would be for the price of silver to plummet back into the single digits (unless you are ready to cash out NOW), only to skyrocket again years down the road. Competition would dwindle, and tons of 40% silver halves would get cashed in for face. You want silver to be cheap while you're accumulating, and expensive when you're ready to sell (the good ol' "buy low/sell high" philosophy). But, as FFD simply and eloquently stated, no one can predict the market. $30 silver may prove to be "cheap." Silver may never again in our lifetime be cheaper than $30/oz. Then again, the price may plummet and we'll never again see $30 silver again in our lifetime. Only time will tell.

 

[Generic_Lad]

The problem I have is where do you put your money?

Cash? You are taking a guaranteed loss.
Savings account? Again, a guaranteed loss.
CDs? Again, a guaranteed loss.
Bonds? In all but "junk bonds" you are taking a guaranteed loss.
Stocks? With the amount of political manipulation in the US and Europe even the most profitable company can be on the hit list of a bureaucrat. And many unprofitable companies (Facebook for instance) are being touted as the next "big thing". Foreign stocks have many upsides, but you can be easily burned because you don't know the culture and so you don't know what the trends are while in the US you can know what brands people in general are buying.
Real Estate? It is very hard for a small time person to get into real estate. There are still rumours that big banks are not foreclosing houses that should be foreclosed so they don't end up flooding the market. And getting a loan to buy real estate is very hard these days.
Antiquities/Numismatic/Art/Collectables? They are a very, very, very, specialized market that takes years to fully understand. A beginner is likely to be very quickly burned.

If you're in the US I think that gold/silver are really the only available places for a small-time individual to invest in, unless they know the ins and outs of the stock market enough to constantly trade (I don't think buying and holding is a good strategy anymore).

Sure, if you've got $5 million to invest there are plenty of ways to turn that into $5.5 million+, but what about someone with only $5000?

 

[AdDicted2Ag]

I agree that the market will never be predicted, but with that said, I am way more comfortable preserving my wealth in metals than fiat currency.. Obviously I could stand to lose tons of money, but I don't plan on selling any silver for 10+ years, regardless of how the market fluctuates..

 

[Diggin-N-Dumps]

I can't belive this guy came out and said this.

<<Gold may be rallying on the fiscal cliff deal, but the rally will be short lived as precious metals will fall to new lows, according to David Hunter, chief market strategist at KCCI, a brokerage firm in New York City.
"I believe we will see a global deflationary downturn in 2013 that will cause gold to plunge to $1,000 to $1,100 and silver to the low teens. Any near-term strength in the metals should be viewed as a selling opportunity," he wrote in an email


Read More At IBD: Fiscal Cliff Deal: What It Means For Gold And Silver Prices GLD SLV - Investors.com>>

What do you think? Will silver fall to the low TEENS? I don't see it, but then again we may be blinded by our addiction to CRH. ANyone else see anyone predicting this low on silver?

It almost sounds like a crazy rant wanting people to sell off ..I dont see it going any lower than 20/oz...and if it did, I would be buying up as much as I could

 

[The_EE]

I am currently into my 280 oz of silver at $11.55 an oz average, it would take a hell of a drop to hurt me.

 

[ArkieBassMan]

It almost sounds like a crazy rant wanting people to sell off ..I dont see it going any lower than 20/oz...and if it did, I would be buying up as much as I could

Are you trying to say that there are people out there trying to manipulate the markets? I don't believe it!

 

[50cent]

He [the author of the article] thinks the fiscal cliff was a big deal. more like the fictional cliff than the fiscal cliff. it doesn't exist, and if it did 'expire' nothing would happen that would devastate the economy.

 

[FormerTeller]

Silver plunge to the low teens? I sure hope so! I'd be happy with it back to $5 an ounce again! Never happen, though.

The problem I have is where do you put your money?

Cash? You are taking a guaranteed loss.
Savings account? Again, a guaranteed loss.
CDs? Again, a guaranteed loss.
Bonds? In all but "junk bonds" you are taking a guaranteed loss.
Stocks? With the amount of political manipulation in the US and Europe even the most profitable company can be on the hit list of a bureaucrat. And many unprofitable companies (Facebook for instance) are being touted as the next "big thing". Foreign stocks have many upsides, but you can be easily burned because you don't know the culture and so you don't know what the trends are while in the US you can know what brands people in general are buying.
Real Estate? It is very hard for a small time person to get into real estate. There are still rumours that big banks are not foreclosing houses that should be foreclosed so they don't end up flooding the market. And getting a loan to buy real estate is very hard these days.
Antiquities/Numismatic/Art/Collectables? They are a very, very, very, specialized market that takes years to fully understand. A beginner is likely to be very quickly burned.

If you're in the US I think that gold/silver are really the only available places for a small-time individual to invest in, unless they know the ins and outs of the stock market enough to constantly trade (I don't think buying and holding is a good strategy anymore).

Sure, if you've got $5 million to invest there are plenty of ways to turn that into $5.5 million+, but what about someone with only $5000?

In a bad/questionable market, I'd say municipal bonds, or bond funds if you don't have enough to invest. In even a half way decent market, mutual funds. Completely disagree with your "guaranteed loss" assessment, as does my 401k and my Roth IRA.

Real estate can be a good long term investment, even for non-millionaires.

While I agree that buying and holding forever isn't a viable option anymore, you can buy and hold relatively long term, if you stay on top of things and make adjustments as needed.

Face it, any investment you want to make you HAVE to do your homework, and research the heck out of it first. The days of throwing money in a CD or a savings account are over, at least for now. Only the strong survive

 

[baddbluff]

Smart people DIVERSIFY their investments. Nobody should put all their $ in PMs. Over the
long term, the stock market is the only way to go. Not individual stocks, though - mutual funds. My 401k is 100% stocks - divided equally in 4 different mutual funds. I am stockpiling silver from CRHing to add another dimension to my $. I am very tempted to sell all my silver tho & buy rare coins with it: less volatility. Just my 2 cents.