whoops_apocalypse

OK, though how high it goes on this occasion doesn't concern me much apart from in deducing how much it will fall once it rolls over. At a guess, I'd say anywhere between where we are now and $16/oz... PS. It's not wise to put a timescale on targets, so I won't... Reports seem to vary, some I have read indicate that the additional vapour money will be directed at commercial toxicity as banks are still unwilling to lend to medium to small businesses. Others suggest further bond/gilt purchases. FWIW, I'm not too concerned with the price in Sterling tbh as I have very little Sterling left at this point, only enough to get by so to speak. Should be interesting either way...

Looks as if you're on the right lines there ziknk, another £75bln for purchasing commercial debt and that's just for starters I reckon. So much for green shoots and stability... Can I play? <$10/oz within six months...

Thanks ziknik, insightful analysis, much appreciated...

Um, that's interesting as your target for Cable concurs exactly with mine, although we obviously differ on whether silver will hold up this time against the USD... Out of further curiosity, do you envisage equities and the Euro following the same direction as Sterling? Also, how d'you see the US yield curve developing i.e. steepening or flattening in this instance? Don't worry, I'm not trying to trip you up or anything sinister, it's just nice to be able to compare notes with someone that has thought things through thoroughly...

Where d'you see Cable when silver is @ £13.50/oz?

...or how high? Your guess is as good as mine... It's just not for me atm, so in the words of Theo Paphitis: I'm outta!

May be silver has the potential to go slightly higher. $16? $18.50 even? Who knows for sure? However, looking at it from an intermediate term perspective, the downside to me at least, easily outweighs the potential upside at this stage. Perhaps it might be wiser to keep an eye on the equities markets rather than the price of gold when it comes to trading silver atm? Seems to have been an even stronger correlation between the two than anywhere else of late. Anyway, as I said above, the best of success to you all. I love silver, she's been very kind to me and I hope she does the same for all those that take an interest in her...

Whoa there! I've been in and out of silver for a number of years now and one pattern I've learnt to recognise more than any other probably is the blow off phase in PMs. Don't forget, silver makes most of it's gains right at the end of a trend, once gold runs out of steam i.e. when it is deemed too expensive so they opt for silver instead... Could always be different this time, but I doubt it though. Still, good luck to all those that are brave enough to go long at this stage...

Wow, that's one hell of a call... Assuming that the price of both gold and silver will rise as the gsr drops, silver would be trading at $20/oz if gold only rose to $1,000/oz. Should gold break through the thousand mark and spike to $1,250/oz say, silver would have to be trading at $25/oz for a gsr of 50. Sorry to wee on anyone's parade here, but how likely is that? Would have to be one hell of an inflation scare for that to happen. Can't see it myself barring any black swans of course... If anything, the Japanese Yen is starting to look promising, only question is, what's a good entry point in terms of USD/JPY? Suggestions kindly received...

The ultimate goldbug phone? Never knew gold came in that colour...

Pourquoi? Please don't respond in French 'cos that's as far as my Franglaise extends to... Again, please don't let I or any other poster disuade you from acting in your own best interests. Having said that, I would summise that you'd probably be better off taking some more time in coming to a conclusion given your endeavours of late. Also, it's far better to get it right with the longer term trend in your case judging by what you've divulged rather than to speculate on short-term volatility. Yes, you could enjoy huge profits in a very short time, but the facts tend to suggest most get more than they bargained for playing that game and you've been around long enough to appreciate that more than most I suspect, so I'll stop teaching you how to suck eggs now... Just be careful that's all, I personally don't believe this to be the time for putting your nads on the line, that's all. What you invest in and how much is purely a decision for you alone. Well, may be you should consult with your better arf as well...

An excellent observation DA... I would go further and add that coin investors needn't concern themselves too much with the spot price on the COMEX these days. However, bullion investors should always seek to take advantage of the Cartel's offerings whenever they're likely to present themselves especially in the manner prescribed above by RH...

Long-term investor, medium-term trader. I don't bother day-trading silver if that's what you're getting at... My investment strategy is broad and wide ranging. I always strife to avoid falling in love with any one particular investment and history proves that this has always been the best policy when it comes to PMs, silver especially given its volatility. Question: When has silver ever held on to it's significant price gains over the long run without correcting big time? Answer: Never. History suggests that buying and holding silver hardly ever works (in real terms) as a long-term investment strategy. Shame really, as life would be a lot less bothersome and stressful if it did. Still, it could be different this time even though we're all well aware how dangerous such sentiment can be when it comes to investing...

1) The big manipulators have been caught short and will only default after trashing the price. Refer to the nickel default for further details. 2) Near term global economic circumstances (up to 1 year say) tend to indicate lower prices are more likely than higher ones going forward. 3) Despite all that's being reported by the silver pundits, there's a large overhang of commercial supply at present. Thorough objective due diligence will testify to this fact regardless of recent investment demand. Of course, I'm only human and could be wrong, but if I had to bet the ranch on it, I will always favour playing the percentages as it's generally more profitable that way in the long run. Needless to say, I could miss the boat entirely with my bleak outlook, a risk that I'm more than happy to take given the present set up however...

Deflation or no deflation, we'll still see sub $10 prices before we'll see +$20 again imho...