Gold is the Alpha dog and silver is the Beta dog of precious metals. If gold breaks to new lows, so will silver, plain and simple, only probably more so on the silver drop due to the high beta. Chart says $15 if support finally breaks this time. I average in to SLV from $20 on down slowly but I'll spike the punch bowl with some AGQ if the price plunges.
You see this is what amazes me. Sales still on the rise yet they still continue to meet demand . I still say the only way the manipulating is going to stop or change is if those who are doing it decide to change coarse OR there is a real silver shortage... I know I know , Silver cost more to mine or silver surplus is low but look lets be real... They have sold silver at a lose in the past before and some how they continue to meet demand... I always believed there is a wild card in play but actually there is two. First is the stackers numbers... They continue to add up making it harder to the supply side of things. The second is were is the extra stock pile coming from ? How much is there left ? As of late we haven't seen any delays in orders like last year. Perhaps it will happen again but it still didn't change the fact that prices came down... I am still holding off on my BIG PURCHASE .. I have more then enough right now and still will probably add a bit here and there . But I have to say the paper game is still in control 100% ... And if they say down then down its going... PS... Do you know the panda sales so far for this year ? I also bet Recycling will be down again this year...
if you are a stakcker
quit stacking for awhile BUY ON THE WAY UP
most people thinki buying on the way down is good, ITS NOT
buying on the way up is better
$$ 10.00 is coming this year or next
thats all I can tell ya
In a surprising update, Canadian Silver Maple Leaf sales for the first half of 2014 surpassed sales during the same period last year. According to the Royal Canadian Mint’s Q2 2014 Report, just released, sales of Silver Maples hit a new record of 15.4 million ounces in the first half of the year.
In the first half of 2014, combined U.S. Silver Eagle and Canadian Maple Leaf sales hit a new record of 39.5 million ounces. Even though this is only up slightly higher at an additional 500,000 oz compared to 39 million in 1H 2013, it is still positive growth while Gold Eagle and Gold Maple sales are down a staggering 54%.
China rocket. I was surprised to see that you didn't respond to this post .... I gave you props... Still though I am waiting for the new lows ... Do you know when that will be approx ? Also what year do you expect to see 5 to 8 dollar silver ?
Ints going to be interesting to see if they can pull new lows. Also equally interesting to see if they are able to continue to meet the demand... So far Larry it does not matter if demand is there because the supply is still filling the orders. In fact demand has slipped in the eagle department. Not sure what August brought in yet . Also I haven't seen any mention as of late of any delays so they are still able to fill the orders. I am totally amazed at whats going on here and a bit impressed ... They have the miners in their back pocket so they don't do #$%$ about it and some how they continue to meet demand. I still believe the wild card is us stackers... As our numbers grow so to will the pressure. Already investment demand makes up double digit of all mining and recycling per year... Couple things interests me for next year. First is to see how many more pandas got sold ? Second is what recycling did for this year ? Kind of hard to make the case to recycle silver at to cheap a price...
ask the 25 trillion in pensions and retirement investments what they thought of only the "1 %" making money in the market ?
Bad as wall street is...what have the PM crowd done for the 99 % ??
I bought PM today...just for trading...good luck.
I see you are comparing commodity, to currency....what's up with that ? You should compare commodities to other investments.