SILVER DIP almost over... details inside -- Oops. Its over now for sure.

If the bottom does really drop out of the economy, then the price of silver will soar.

Is that correct interpretation of your assertion?

How silver much would you like?

That is the correct interpretation.

My husband and I will have a talk later when he gets home from work and decide how much we can afford to buy, what with the holidays just over with.

I believe that if the economy were to 'tank' as many say. The price of silver and gold too, would probably also 'tank'.

I cannot guarantee that they ('elite'/banks/whatever) won't make it drop at some point, but I don't believe that it is now. IN fact, the 'smart move' would be for them to let it rise so that people BUY! Then for them to drop the bottom out of it and let all the cold feet people who don't have millions to lose sell so that they can scoop up the rest of it cheap.

Inflation will kick in this year, next year it will start getting outta control

Agreed. Though food prices are already much higher than 'normal'.

There is a certain recognizable pattern and logic to the process.

IMHO this a very dangerous time to buy /or/ sell, I have a large enough stack to do both, and for what its worth I'm selling much more then I'm buying.

I wouldn't count on inflation to increase your holdings, and food is often a notoriously bad gauge of purchasing power.

My take also. I expect low to mid $20's, and upper teens afterwards.

What happened with Silver last year is a precursor.

Now people have gotten use to seeing $40+ silver.

So, when $80 comes around they're just remaining not asking any questions...

If the economy "tank's" I put the price at less then 4$.

AC 7116955 ..... DON'T know what your 'smoking', but have a good supply on hand when it soars THROUGH $50 by March, and a LARGE 'crying towel' TOO !

YES, the banksters will combine with governments to TRY to hold it below $60, BUT they will FAIL, IMHO ! ONLY thing that will help them, are people taking profits at $55 to $60 in mid March ! I will be one of them 1

Eagle

When the stocks crash PMs will initially also drop but when it becomes clear that PMs are the only tangible form of wealth preservation (real money according to the Constitution)then you will see a parabolic move and it will be too late to buy in...


Quasar

Not enough indicators with that chart to say that with ANY certainty.
No support....no MA....no bands.... meh.....

If the powers that be loose control over the currency in the way some people indicate would provoke a 'parabolic' rise, the nuclear weapons will start detonating about 20 minutes later. Be careful what you wish for.

Agreed.

WAit for EU to worsen [link to www.commodityonline.com]

Most Silver producers are begining to hedge their future production......silver price will be around $25-$30 for a while ...unless EU meltdown or inflation appear !!

In more of a stable currency environment, I could see Eagle's point; unfortunately, the euro is toast, the dollar is bankrupt and the only thing keeping a lit on how bad the situation has become is the 5th column. The collapse of Western economies will coincide with WWIII and the re-election of Barry Soetoro. I would rather be wrong than right, but I would prefer being prepared.

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I put a lot of trust in investment tips based a strangers dreams in online forums.

I'm off to the bank to negotiate a loan to buy four monsterboxes immediately.

if OP doesn't mind i would like to take a print out of his OP as supporting evidence to help secure my loan with the bank.

Indeed, however I'm much more optimistic then that, in fact I believe the economy is doing just fine and is far from collapse, no matter what happens to the euro.

the comex is oversold by god knows how much
when the too big to fail cash in their silver shorts
then we will see the true price of PMs

"Indeed, however I'm much more optimistic then that, in fact I believe the economy is doing just fine and is far from collapse, no matter what happens to the euro."


The economy reminds me of Dick Cheney, alive without a pulse.

The FED is bailing out the ECB, that is why the euro is not $.75 to the dollar already. As far as the US economy, the public sector drain on the private sector has buried many a homeowner with increased property taxes and declining home values out of which there is no real escape. The manufacturing base is largely gone. A service sector economy creates no real wealth, it's all based on consumption, and with decreased disposable income, the downward spiral has a long way to go...

I believe the USA economy is being intentionally throttled, and if it were allowed to run wide-open, the acceleration of industry would make your head spin.

Obama's policies must be a part of that, or banks with 35-1 in leverage are too far out on a limb already. The TBTF's have such a large economy of scale to be beefing up those derivatives something has to give. Our politicians have sold us out that the ballot box isn't going to solve anything. It seems the struggle is a spiritual war on higher levels, and we are but the pawns on the board.

And this has been the case since way before any of our grandmothers were born.

So far, in a fiat world, every time the economy tanks and crisis hits, gold goes on to double and triple and so on. Why is it going to be different this time? Remind me why once more please.

A plummeting dollar will result in higher PM prices, not lower. The dollar is rising right now and that could temporarily be a bad situation for PMs. It could go on for a while too. Who knows how long?