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Pan American Silver Corp. Message Board

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  • seasonedspec seasonedspec Jul 18, 2008 9:42 PM Flag

    Notice how much silver likes to be above $19.00

    Carl,

    I concur with the scenarios that you cited in your post, and agree with you that the most likely outcome will be #2. Therefore, inflation and a much weaker dollar will be the result. With a weak economy, stagflation should be with us for a long time. There are a few promising national initiaives that may help our economy and our current unemployment situation. One will be a major move toward the use of renewable energy sources (wind and solar power primarily) which should provide excellent future employment opportunities in this country, and reduce our current heavy dependence on foreign oil. The fly in the ointment with a potential reduction in oil prices due to a decreased demand, may be temporary lower gold and silver prices. We know that oil is often termed "black gold", and with lower oil prices, gold and silver prices are likely to follow. Note that again today oil prices dropped, along with lower gold and silver prices. I realize that eventually, oil prices will be moving higher as the world wide demand for it continues to grow. Recently I've been reminding this board that I've been expecting to see future wide swings in gold and silver prices. Therefore, swing trading PAAS along with selected other silver stocks seems to be a prudent strategy for making nice profits in this volatile market. Your comments are both appreciated and valued as always. SS

 
PAAS
11.38-0.24(-2.07%)Sep 29 4:00 PMEDT

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