Bye-bye Silver

Quote from peilthetraveler:

In my opinion, Silver at $80 is possible in the next year.
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Platinum is the new kid on the bloc - undervalued & my dope says it will probably outperform all metals in 2011
 
Quote from Fireplace:

Your basis??
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Silver is trading right now at a 40 to 1 ratio to gold. Silver occurs in nature at a 17.5 to 1 ratio to gold. So either silver will go to $80, or it will stay here (at $36.30 as of this writing) and gold drop to about $600. Which sounds more likely?

Also, the silver supply is much lower than the gold supply on an oz by oz basis. The laws of supply & demand state that the more rare a commodity the higher its value. Some people speculate that silver could get close to golds price just based on that. I dont believe it though. I think best possible case we could see a silver/gold ratio of 10 to 1 which would put silver at $140, but at those prices, im sure alot of people would be going into the silver mining business and quickly amp up the supply.
 
Quote from EMRGLOBAL:

This is a gift.

Good entry point to start to build a long position....I needed the pull back.

Now waiting on Gold.

Oil is tricky....as I have yet to go long. I would like to short oil once it hits the 115-120 mark...for a longer term play.....but with the Feds Printing money and QE3 on the horizon.......not sure if it's worth the risk.

Long Silver is a great play....with this pullback but you may take some heat still at these levels.

The cheerleaders are out in masses for the US STOCK MARKET, so we may see some outflow of silver by funds into Stocks.

Also, Heavy short position by one of the Majors....they will cover ....give it one more leg down, they will re-balance their holdings in silver.
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Emr

Sell volume has increased[somewhat bearish:D ]
but 50 dma,,
donchian channel,,
price uptrending most time frames,,
parabolic stop & reverse, most great UP trending [bullish].....

Commodities can trend much more than 100%;
not really like stock trends, even though silver spent 1 year in a downtrend even in a great multi DECADE UP trend............................................................................................:)
 
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