Will companies be able to keep mining at these prices? I feel the fed and its croonies will do ahatever it can to drive silver ad low as pissible to keep its bubble going.
Can someone explain to me how silver companies were able to make money back in the 90's when prices were below 10 dollars an ounce? I hear they cant make monwy at 19 an ounce but yet they survived all these years with silver under 10.
How long will this be halted?
What polls? The polls on the news last night had franken up by 13. Now I dont want franken to win but I dont no where you get your information charles.
You are right on one thing though. The SMART money is now coming in!
Another deleay? What a shock. They have been delaying this project and giving tours since 2005.
Sentiment: Strong Sell
You gotta wonder how low silver will go. There is no reason right now for it to go up. Everyone is convinced the fed is going to raise rates( they never will) but they think so. Will mines be forced to shut down? Wish I never would have bought any silver companies.
Yep I cant believe it. The fed has people convinced we have no inflation. If silver continues lower alot of mines will probably have to shut down. I find it hard to believe the fed will ever raise rates but silver getting crushed because people think they will.
I get what you guys are saying but I could not have bought at a worse time. I bought when silver was 30 and it has gone down ever since. We are now today at the lowest it has been in the last five years and despite the fact I see and think we have lots of inflation the fed hsa convinced many we dont have it. I guess people really believe that the fed will raise interest rates and if that is so silver will continue to go down. I know if I sell silver will probably come back but at some point you gotta find a better investment.
So what can save silver at this point or is it simply doomed? It appears people have decided the dollar is king despite the fact the economy stinks and is going nowhere. I laugh when I read about 50 dollar silver. I feel like I should just dump my silver stocks at this point and I have been waiting 16 months for prices to rebound and they are only getting worse. The fed has done a masterful job is making people believe the economy is in great shape and people have bought it.
Terrible terrible jobs report and PM's still do nothing. If I hear one more person say silver is going to 50 I am going to puke. The media and goldman has made sure that silver is seen as a bad investment. The fed ponzi scheme continues.
It appears everyone is buying the dollar which is simply amazing. I never thought the fed ponzi scheme could go on this long but it shows no signs of breaking down anytime soon. Silver continues to stink.