Silver still rising??

[Diogo]

whats everyones thoughts on silver pricing, do you think it will keep going up or drop back down?

[5huggy]

If you mean in the short term! - flat to slight rise

If you mean medium term! - UP! nicely!

If you mean in the long/er term!  - - wow! 

All IMHO

[999magnum]

It might go up 5 cents tomorrow or it could drop 10 cents. Either way it's pinching pennies time.

[KDave]

8 minutes ago, 5huggy said:

If you mean in the short term! - flat to slight rise

If you mean medium term! - UP! nicely!

If you mean in the long/er term!  - - wow! 

All IMHO

I like this, all I would change is short term to down, talking a couple of months or so before it starts again. 

[Xander]

Gold is supposed to go to $2000 in 2020.

Do we buy now?

[Mark10110]

I may get hate for this but,

My best experience in the last 2 years has been in Crypto, not because of gains but the experience. When you have spent time in that kind of volatility where you are down £2000 then up £6000 then back down and up again it makes you better at making decisions and takes a lot of emotions out of the equation. (not at first though)

When silver hit £16 I felt like... Meh Gold hit £1300 and I feel indifferent, not because  of any reason other than I have spent 2 years on a wild ride and these growths in gold/silver have been numbed down, in my opinion that's a good thing because I don't have any emotion attached, if tomorrow the bell rings and silver is £30 an oz then i would be excited but at the moment I feel like the thrill of gains has been dulled.

 

[Slowhand]

41 minutes ago, Xander said:

Gold is supposed to go to $2000 in 2020.

Do we buy now?

Supposed to?  What does that mean?

[Xander]

4 minutes ago, Slowhand said:

Supposed to?  What does that mean?

Every time an "expert" predicts something I always say, supposed to, they are usually talking shee-ite.🤑

[Scuzzle]

My view is to ignore todays price and always buy as and when you can, the trend is clear for everyone to see, currency debasement and QE to infinity combined with ZIRP leading eventually to NIRP and if currency goes down the value of gold goes up.   An inflated stock market gives the illusion of a healthy economy but inflated by stock buy backs only due to how cheap money is to borrow not by investing in better practices for the future - enventually this is all going to catch up to those doing this.  Irregardless of price silver and gold have always been a preserver of wealth and the argument against holding gold was always that it never produced any interest or dividend but nowadays neither does savings in the bank.

Gold and silver might be held in a range for now to try and force money to park itself elsewhere but this can't last forever.

I believe when this house of cards comes down the levels of criminality that have been employed to keep this failing economic charade going will be absolutely staggering.

 

[5huggy]

2 hours ago, Scuzzle said:

My view is to ignore todays price and always buy as and when you can, the trend is clear for everyone to see, currency debasement and QE to infinity combined with ZIRP leading eventually to NIRP and if currency goes down the value of gold goes up.   An inflated stock market gives the illusion of a healthy economy but inflated by stock buy backs only due to how cheap money is to borrow not by investing in better practices for the future - enventually this is all going to catch up to those doing this.  Irregardless of price silver and gold have always been a preserver of wealth and the argument against holding gold was always that it never produced any interest or dividend but nowadays neither does savings in the bank.

Gold and silver might be held in a range for now to try and force money to park itself elsewhere but this can't last forever.

I believe when this house of cards comes down the levels of criminality that have been employed to keep this failing economic charade going will be absolutely staggering.

 

WOW! AWESOME! - - every part of the problems out "THERE" - so well laid out -  nice one @Scuzzle

[sixgun]

The best policy is to steadily keep adding when you see good deals - sometimes you will pay more and sometimes less. Cost averaging - steady accumulation. Since gold and silver have been rising the usual talking heads have come out with price targets multiple times higher than today. We have heard it all before. Proof positive they know jack sh1t. Personally i think we are close to a decided breakout in price - but that doesn't make any different to the policy of steady accumulation. 

[Serendipity]

4 hours ago, sixgun said:

The best policy is to steadily keep adding when you see good deals - sometimes you will pay more and sometimes less. Cost averaging - steady accumulation. Since gold and silver have been rising the usual talking heads have come out with price targets multiple times higher than today. We have heard it all before. Proof positive they know jack sh1t. Personally i think we are close to a decided breakout in price - but that doesn't make any different to the policy of steady accumulation. 

Well said! Cost averaging is the best strategy which involves you buying gold and silver during the highs as well as the lows. It all averages out in the course of time. I don’t buy those strategies which involve stackers waiting forever for pullbacks in the price of gold and silver.