Buying physical gold/silver

502,309 Views | 2839 Replies | Last: 1 day ago by TTUArmy
Black Tooth Grin
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AG
Anyone have any ideas on where silver tops? What is the new resistance, etc?

Jag, Heine, TTU?
Red Pear Realty
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Sponsor
AG
Silver: $42.11

Gold: $3,641
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
AggieT
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AG
While this is great, it makes me wonder about the other 99% of my portfolio.

Still, I'm glad I bought what I did a few years ago!
jagvocate
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AG
I want to see how we get to/through $50 silver

Such a psychologically important number ... if we go through like a hot knife then I expect a surge higher that surprises to the upside

If there is a real bull/bear fight, turbulance, and/or a prolonged sideways grind, then I think it'll take longer to get to $75 and ultimately triple-digit silver, with a nasty fake-out drop in prices thrown in for good measure like what happened in the middle of the 70s precious metals bull market ...
TTUArmy
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Black Tooth Grin said:

Anyone have any ideas on where silver tops? What is the new resistance, etc?

Jag, Heine, TTU?

Heine runs the technical analysis on silver very well, so he would be the one to give a fair and balanced read on what paper markets believe the future price will be for silver. Since they are still in charge, that's probably the more accurate speculation you will receive on any future pull-backs or blow-off top.

That being said...nothing would please me more than to see silver and gold return to their historical 20:1 GSR ratio. Gold remaining at today's price, would put silver at roughly $180 p/toz. I think silver's $50 high in 1980, adjusted for inflation, would put it around $192.00 p/toz. Will it make it there? Highly doubtful. The LBMA and COMEX would change the rules of the game if they thought they might lose control of the paper metals market. And the government would fully support them.

 
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