Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Attention Surplus Disorder

ASD, I am enjoying and learning from your posts.

I believe it was you who was saying a few months ago to watch silver go to $ 16.00/oz and I was saying to myself that was a radical assertion.

Well, here we are in the low $15’s/oz., so I am all ears to what you have to say.


30 posted on 11/06/2014 2:49:54 AM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
[ Post Reply | Private Reply | To 28 | View Replies ]


To: exit82

You’re welcome.

Silver has a number of characteristics that IMO make it problematical “going forward” as the pundits like to say. When I first starting trading silver it went from 4.50 to 5.50. That took over a year. Then, 6.50. Over a year. 7.50, over a year. 8.50, over a year. It LOVES round numbers. Once it gloms onto $15, IMHO, it could be one hell of a long time before it does *anything*...though it won’t mind going to $12. And then, four years from now, when everybody is completely bored to death, doesn’t care, hates it that they bought $43 silver, it will move to $18 in 2 days, and every stupid conspiracy theory that I have had to listen to over the past decade will get trotted out again.

I am only halfway serious, I think these metals will do absolutely nothing interesting for a sickeningly long time.


31 posted on 11/06/2014 6:08:14 AM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson