romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 Silver hasn't really gone up all that much recently. http://gold.approximity.com/since2006/Gold_GBP.html The ratio is doing nicely. I find it more significant than the price in currencies at the moment. Link to comment Share on other sites More sharing options...
azazel Posted August 6, 2009 Report Share Posted August 6, 2009 Just had a look. Nice to see spot silver on the chart. Months back somebody mentioned September as a possible start month. They have a new photo on the site, I suppose when they got the Queen's award: I was told by BV that they had a september target to start silver. Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 Silver looking super bullish here. How high can it go?? I think it might take out the previous peak soon and keep going..... 18 anyone? Link to comment Share on other sites More sharing options...
Pixel8r Posted August 6, 2009 Report Share Posted August 6, 2009 Silver looking super bullish here. How high can it go?? I think it might take out the previous peak soon and keep going..... 18 anyone? It got past $21 in March 08, I think we are now on our way to at least $30 Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 6, 2009 Report Share Posted August 6, 2009 This here puts things into perspective. Note the use of massaged government CPI numbers. http://gold.approximity.com/since1968/Silv...PI-adj_LOG.html Link to comment Share on other sites More sharing options...
Pixel8r Posted August 6, 2009 Report Share Posted August 6, 2009 This here puts things into perspective. Note the use of massaged government CPI numbers. I wonder who is going to be the Hunt brothers this time Imagine if someone came along with enough clout to corner the silver market and stood for delivery with the massive short position held currently, where would that send the price. Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 This here puts things into perspective. Note the use of massaged government CPI numbers. Oh right. I should have said...."How high can it go on this move up?".... before going to the moon at a later date no doubt. Link to comment Share on other sites More sharing options...
ziknik Posted August 6, 2009 Report Share Posted August 6, 2009 Oh right. I should have said...."How high can it go on this move up?".... before going to the moon at a later date no doubt. This high: £8.72 (2 hours ago) Next stop: £7.50 (within a month) Final desitnation: £The Moon Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 It got past $21 in March 08, I think we are now on our way to at least $30 Ok so we have: Me, $18 Pixel8r, $30 And goldfinger, presumably at $100 plus. Any other predictions? Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 This high: £8.72 (2 hours ago) Next stop: £7.50 (within a month) Final desitnation: £The Moon Unwillng to hazard a guess in the dollar? More confident that the pound will strengthen before being toasted? Link to comment Share on other sites More sharing options...
ziknik Posted August 6, 2009 Report Share Posted August 6, 2009 Unwillng to hazard a guess in the dollar? This high: $14.83 (2 hours ago) Next stop: $9.87 $10.87 $11.87 (within a month) Final desitnation: $(0.67274 x The Moon) More confident that the pound will strengthen befor being toasted? Yes EDITED TWICE Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 This high: $14.83 (2 hours ago) Next stop: $9.87 $10.87 $11.87 (within a month) The sub $12 price now has me undecided which way I want to see it go here. Would definitely be a buyer there. Link to comment Share on other sites More sharing options...
ziknik Posted August 6, 2009 Report Share Posted August 6, 2009 BofE extends QE by £50bn. I didn’t expect that. All my predictions are void. Next Stop HYPERINFLATION Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 BofE extends QE by £50bn. I didn’t expect that. All my predictions are void. Next Stop HYPERINFLATION Why don't they just buy £50bn worth of US dollars if they want to devalue the currency? QE might not do diddly and what a lot of debt. Yep, just notice the pound is taking a hit. Edited Link to comment Share on other sites More sharing options...
ziknik Posted August 6, 2009 Report Share Posted August 6, 2009 Why don't they just buy £50bn worth of US dollars if they want to devalue the currency? QE might not do diddly and what a lot of debt. Don’t worry about the debt. Apparently we can pay it off by printing more money. And we can also use the extra printed money to buy true love, real friends and happiness. Everything is going to work out perfectly (The goal is to increase the money supply. Buying USD with printed GBP could cause the Fed to carry out an equal & opposite transaction. ) Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 Don’t worry about the debt. Apparently we can pay it off by printing more money. And we can also use the extra printed money to buy true love, real friends and happiness. Everything is going to work out perfectly (The goal is to increase the money supply. Buying USD with printed GBP could cause the Fed to carry out an equal & opposite transaction. ) Yep, numbskull monetarists! It is all going to end in tears. Then again, maybe with so much money about we won't have to work!! From: http://www.youtube.com/watch?v=EJ0CFXSh_iY Link to comment Share on other sites More sharing options...
Pixel8r Posted August 6, 2009 Report Share Posted August 6, 2009 This high: $14.83 (2 hours ago) Next stop: $9.87 $10.87 $11.87 (within a month) Final desitnation: $(0.67274 x The Moon) Yes EDITED TWICE You may need to edit this again $14.91 now Link to comment Share on other sites More sharing options...
Pixel8r Posted August 6, 2009 Report Share Posted August 6, 2009 Yep, numbskull monetarists! It is all going to end in tears. Then again, maybe with so much money about we won't have to work!! Helicopter Ben has been passing his theory of how to sort this mess to Merv Ben will be next with an extension to the 300... Link to comment Share on other sites More sharing options...
electroweak Posted August 6, 2009 Report Share Posted August 6, 2009 Helicopter Ben has been passing his theory of how to sort this mess to Merv Ben will be next with an extension to the 300... Seriously, Ben and Merv lived next door to eachother at MIT.... http://www.economicsuk.com/blog/000298.html They even shared an office apparently. Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 6, 2009 Report Share Posted August 6, 2009 I wonder who is going to be the Hunt brothers this time Imagine if someone came along with enough clout to corner the silver market and stood for delivery with the massive short position held currently, where would that send the price. The Hunt's (as most peoples') problem in the end was leverage. If someone comes in and does this without credit (no leverage), then it's GAME OVER for the paper shorts. This applies to gold and silver. The challenge is to stay clear of banks/credit. If you don't, they'll find a way to kill you, like the Hunts had to experience. Anyone got a spare billion in cash? Link to comment Share on other sites More sharing options...
Pixel8r Posted August 6, 2009 Report Share Posted August 6, 2009 The Hunt's (as most peoples') problem in the end was leverage. If someone comes in and does this without credit (no leverage), then it's GAME OVER for the paper shorts. This applies to gold and silver. The challenge is to stay clear of banks/credit. If you don't, they'll find a way to kill you, like the Hunts had to experience. Anyone got a spare billion in cash? Bill Gates? Link to comment Share on other sites More sharing options...
whoops_apocalypse Posted August 6, 2009 Report Share Posted August 6, 2009 These are my best guesses. Stock Markets – Depends on QE. The stock markets will keep going up for as long as QE lasts. Institutional investors are selling their Gilts/Bonds to Central Banks leaving them with cash to buy stocks, commodities and more Gilts/Bonds. I don’t expect the BofE to extend their gilt purchases this week; instead I think they will focus the next £25bn entirely on commercial paper/bonds. This could lead to a short sharp correction in the markets and allow a nice entry point for some extra silver. GBP could also strengthen a touch at the same time maybe 1.75 vs USD. ................................................................................ ...... 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... Ok so we have: Me, $18 Pixel8r, $30 And goldfinger, presumably at $100 plus. Any other predictions? Can I play? <$10/oz within six months... Link to comment Share on other sites More sharing options...
romans holiday Posted August 6, 2009 Report Share Posted August 6, 2009 Can I play? <$10/oz within six months... Actually, I completely agree that the price could be at $10 within six months. However, we were trying to predict how high this present peak will climb [before it rolls over]. Care to have another go? Link to comment Share on other sites More sharing options...
ziknik Posted August 6, 2009 Report Share Posted August 6, 2009 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... ... It’s more fair to say, “I got it completely wrong”. I thought they would focus on commercial paper. This would not have pumped the stock markets. Instead it looks like they have gone for more of the same (Gilts). This will keep pumping the stock markets. Silver will not go down significantly (in GBP) for the next three month. Trust me on this one, I am never wrong Link to comment Share on other sites More sharing options...
wren Posted August 6, 2009 Report Share Posted August 6, 2009 Ok so we have: Me, $18 Pixel8r, $30 And goldfinger, presumably at $100 plus. Any other predictions? But when? I expect silver to go to at least half a day's average wage in a first world country. I haven't the foggiest what that will be in fiat monopoly money and I don't know exactly how many years it will take. Link to comment Share on other sites More sharing options...
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