jake
01-03-2011, 11:01 AM
we already have the "when will silver close above $30 thread" from Jan 31st... now on Jan 3rd, 2011 let's hear your predictions for when it will close at it's lowest for the year of 2011. I threw in my new years eve 2011 close prediction for fun too :)
as many others here do, I look at a silver (or any precious metal, quite frankly) drop as a buying opportunity for those of use who want to acquire more. some look at it as a loss of value in their existing investment in silver.
I plan on divesting myself of stocks and buying more of the shiny stuff, but I was hoping to see silver back to $27-28 again; but I will not hesitate to buy even at $30 if I see a drop of that magnitude becomes a pipe dream. and to think.. my first buy was around $18.. damn, we are never seeing that again (at least not in this decade!! - maybe in Paul wins and restores a sound currency through his competing currency legislation? but that's another thread)
I know and understand why everyone is BULLISH on silver here on Ron Paul Forums; but I think there are also a lot of very smart people here who realize silver is a bucking bull - yes, it goes up steadily, but no doubt, there are dips often. some analysts are predicting a 10-15% drop in gold this year at some point, so I assume Silver may see a similar dip. If Gold drops 15% I will acquire more gold as well.
My conservative.... nay, libertarian ;) call: $27.50 by March (or perhaps later, June-July timeframe) and $39.25 by end of year. (of course, long term I (like the extreme majority of people here are ultra bullish on Silver or I wouldn't be investing in it or making this thread!)
maybe it will be a $1 dip, or maybe a $5 dip, lay down your predictions!! Time-frame is not required but rather optional, same with the end of year/new years 2012 call.. but throw those predictions in too if you so wish, like I did. :)
If you don't mind list your personal expertise on precious metal trading (in your opinion) Beginner, Novice, Above Average, Skilled, Schiff-Paul-like.
I put myself in the Above Average bracket now. anyone class themselves as Schiff-Paul like? ;)
as many others here do, I look at a silver (or any precious metal, quite frankly) drop as a buying opportunity for those of use who want to acquire more. some look at it as a loss of value in their existing investment in silver.
I plan on divesting myself of stocks and buying more of the shiny stuff, but I was hoping to see silver back to $27-28 again; but I will not hesitate to buy even at $30 if I see a drop of that magnitude becomes a pipe dream. and to think.. my first buy was around $18.. damn, we are never seeing that again (at least not in this decade!! - maybe in Paul wins and restores a sound currency through his competing currency legislation? but that's another thread)
I know and understand why everyone is BULLISH on silver here on Ron Paul Forums; but I think there are also a lot of very smart people here who realize silver is a bucking bull - yes, it goes up steadily, but no doubt, there are dips often. some analysts are predicting a 10-15% drop in gold this year at some point, so I assume Silver may see a similar dip. If Gold drops 15% I will acquire more gold as well.
My conservative.... nay, libertarian ;) call: $27.50 by March (or perhaps later, June-July timeframe) and $39.25 by end of year. (of course, long term I (like the extreme majority of people here are ultra bullish on Silver or I wouldn't be investing in it or making this thread!)
maybe it will be a $1 dip, or maybe a $5 dip, lay down your predictions!! Time-frame is not required but rather optional, same with the end of year/new years 2012 call.. but throw those predictions in too if you so wish, like I did. :)
If you don't mind list your personal expertise on precious metal trading (in your opinion) Beginner, Novice, Above Average, Skilled, Schiff-Paul-like.
I put myself in the Above Average bracket now. anyone class themselves as Schiff-Paul like? ;)