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Sprott Physical Silver Trust ET (PSLV) Message Board

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  • buzz60016 buzz60016 Aug 7, 2011 11:54 AM Flag

    Implications of credit downgrade for silver prices ???

    Who knows for sure ?

    Gold/Silver could rocket on the open ? It is what most are thinking.

    On the other hand, if stocks and bonds tank, many who use margin will be forced to raise capital, and will sell whatever PM Precious Metals they own, at any price. This would cause gold and silver to fall.

    Again, on the bullish side, and fall in price (gold/silver) will be attractive to those wanting to increase their holdings.

    China, India, and Russia are known buyers.

    If gold goes higher, I will buy more each month. If gold and silver goes lower, I will also buy.

    As the USA continues to print and print more dollars, gold and silver will become more attractive. Gold and silver will end up in huge bubble.

    The bubble will pop someday.

    The real question, is where will the bubble pop ?

    My guess is, you have one more double in both, silver and gold ? ? ? ?

    Where do the metals market open on Sunday nite or Monday? I do not care. I know the prices will double from here. Prices will rocket higher, followed by steep corrections. Whip-saw action happnes. Nothing goes in a straight line, unless you are in the middle of asset crash, which is also common with any and all bubbles.

    Enjoy

    These are exciting times we live in.

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PSLV
6.59+0.07(+1.07%)Nov 21 4:00 PMEST

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