Hold your silver positions, it could get to $78.6 by next summer 2013!
Slw will respond accordingly. Any place north of $60 is alright with me.
It has risen off its lows for sure and the chart certainly looks like it is "turning", but the chart for Slw is way more reassuring.....Slw is just 11% below its prev highs whereas Svm is nearly 55% off its highs. Svm has not clawed its way up as has Slw.
That said I agree with your opinions that the rising tide will surely lift all boats and no doubt that Svm will perform this winter.
So why is Svm not powering up (like Slw for example)? I have shares but disappointed by the dismal performance - hope this changes for the better of course.
Yes, just seen the pennant now you may be right, but we do not know exactly when it will go up.
Nobody can put a time frame on that but yes the next move may be up as a new uptrend has started.
<<to back the amount of federal reserve notes out the u need to revalue gold and adjuste it accordingly,,,,,only way so don't go crazy wondering >>
I agree with the extremebull.
You need to do the math. Divide the TOTAL amount of dollars floating around in every country in the whole world by just the quantity of gold held by the federal reserve to get the new price.
Very interesting but all three are already up 20-30 times.
Would have been better to buy before such a massive rise. Buying AFTER a share has risen by x20 is highly risky dont you think?
Hope you're right. It is a turning point for goldies in general I would guess, but its just Ng I am concerned about.
Will it regain its highs eventually? The rising price of gold may pull it up, other goldies have responded well but I am not sure about Ng -is the rise of the past few days amount to a "response to the pog"?
May be they are just too smart to put too much cash into one stock. They are well diversified, thats why they are still around and not busted.
Instant, not sure if you would want to do this...but...care to give us a hint of what other stocks Casey Research recommends? Thanks in advance. If you do not want to respond to this message I will understand.
If silver goes up from here, we make money.
If silver goes down from here, its a second opportunity to buy more silver (for people who have cash waiting on the sidelines, wait for the upturn and make money into next year.
I doubt there will be a repeat of the big 2008/9 crash just too many people expect that, won't happen.