Are Gold and Silver gonna keep going down?

[Uxi]

Silver is almost half what it was in April 2013. Not inconceivable to see it going right back where it was with ordinary economic fluctuations. If/when the endless printing stops, could easily double or triple that. Who knows how high? I'll be buying more... might wait till tomorrow but in the next couple days for sure. Hard to see it halving again, though.

[smashycrashy]

Silver is almost half what it was in April 2013. Not inconceivable to see it going right back where it was with ordinary economic fluctuations. If/when the endless printing stops, could easily double or triple that. Who knows how high? I'll be buying more... might wait till tomorrow but in the next couple days for sure. Hard to see it halving again, though.

How is it hard seeing it halving again exactly? Everything said in justification of where the price was at any given moment (since you don't have true fundamentals people get to argue about what exactly is affecting price) has proven to be false. The fiscal cliff was a non-event, America has gotten itself out of recession, Greece (LOL, remember when people thought GREECE would end us all??) didnt end the world, Ukraine, italy, "runaway" inflation etc etc yada yada yada.

I think half is more likely than double as there is a lot more long term holder at half. The people buying the last 5 years have gotten their nose whacked hard and unless they just hate money will be looking for alternatives rather than doubling down on a loser.

[sixoclockhold]

Ok, I call BS, if you take QQQ at its highest point yesterday and to its lowest point so far today, you get nowhere near 4% gain/loss.

Oh and for such a weak market day for gold/silver to be acting like they are is a bad sign for the metals, people selling off their stocks.. they aren't finding refuge in the metals.

SQQQ has a 3 times multiple exposure. It was actually more than 4%, but who's bragging.

[sixoclockhold]

Gem 1950

Part of the problem with China's economy is that they primed the pump over the last 6 years with 13 Trillion Yuan. It created a real banking mess like the Globe has, who also had to print like crazy to keep the ships from sinking.

Money laundering out of China was facilitated by big banks (taking big cut) but recently (couple months now) mainland China has closed those loops and is trying to keep the money in the country now. The law states you can only take 50,000 out a year.

I am familiar with "Hot Money" areas also, in fact my wife owns one now and is for sale. The cash is still coming in but not nearly as fast and the foreign investment is slowing. All good things come to an end. Wife got a pretty good offer too, all cash, 7 day escrow, we shall see.

I will be the first to acknowledge there is big money out there and it's getting spent. That has been the problem, the rich got really rich and if you were fortunate enough to get a piece, grab it and run like hell.

[sixoclockhold]

Silver is almost half what it was in April 2013. Not inconceivable to see it going right back where it was with ordinary economic fluctuations. If/when the endless printing stops, could easily double or triple that. Who knows how high? I'll be buying more... might wait till tomorrow but in the next couple days for sure. Hard to see it halving again, though.

While I own silver, I'm on record in this thread it could very well trade 100:1 Gold in the future. We're at 70 today.

If the economy sputters globally, my guess is silver due to it's industrial applications will sink quite substantially. I'm betting Gold does much better in the coming crisis as it will be used to restore confidence in paper, backing it to some degree. I'm not rotating out of my silver, it's a great trading tool in SHTF imo, but any purchase I make is going to Gold.

China and the east will need tons of Silver as their economy grows but if the Yuan isn't stable, backed by Gold they cannot defeat the Dollar or any currency the West comes up with going forward with Europe. China, Russia and India will take every ounce of Gold that comes out of the ground FIRST before even thinking of silver.

Swap Gold for Silver at 1:100 after the world restructures, imho.

[Sunday]

It is as everything demand as well as market manipulation will set the price. I hope it drops so low that I will be motivated to buy some.

[sixoclockhold]

How is it hard seeing it halving again exactly? Everything said in justification of where the price was at any given moment (since you don't have true fundamentals people get to argue about what exactly is affecting price) has proven to be false. The fiscal cliff was a non-event, America has gotten itself out of recession, Greece (LOL, remember when people thought GREECE would end us all??) didnt end the world, Ukraine, italy, "runaway" inflation etc etc yada yada yada.

I think half is more likely than double as there is a lot more long term holder at half. The people buying the last 5 years have gotten their nose whacked hard and unless they just hate money will be looking for alternatives rather than doubling down on a loser.

We are probably minutes away from a Flash Crash, or days and you don't like real money?

Shame.....pop pop pop

[smashycrashy]

I'm thrilled with the market dropping right before they issue dividends. Perfect timing!

Don't you just love it when gold and silver issue increasing dividends due to increasing profitability and productivity? Oh wait they don't do that....

[cantcme]

I have lost substantial Money in every dip/crash and I am way, way up overall.

[Ripon83]

Got a kick out of the doom and gloom buy PMs crowd. Their headline today was "Dollar Crashing"

Oops they forgot that the dollar was at an all time record high! They just left that out of the narrative.

[OutlawStar]

Didn't think a new thread was needed, but a related question:

Can someone direct me to a retail location in Ventura? I'd rather walk out with silver in hand as apparently some silver online sellers can take up to 3 months to deliver.

[j-shot]

Didn't think a new thread was needed, but a related question:

Can someone direct me to a retail location in Ventura? I'd rather walk out with silver in hand as apparently some silver online sellers can take up to 3 months to deliver.

PM sent

[Uxi]

Looks like silver hit the bottom and on the way back up

[smashycrashy]

Silver is oversold and due for a relief rally. Saying this is bottom is extremely optimistic.

[juelz919]

Kitco this morning had $17.55

http://www.forbes.com/sites/kitconews/2014/09/25/some-traders-see-potential-for-severely-oversold-silver-to-now-outperform-gold/

Whats this all mean