PDA

View Full Version : How high will silver go on this run?



Ardent Listener
6th November 2007, 20:02
Anyone care to offer their opinion on how high the price of silver will get before it makes a major correction?

One might ask how low the dollar will get? This run is being driven by the low dollar and high oil prices. IMO silver is riding the coat-tails of gold. But as today proved, it was and still is under-valued in relaionship to gold.

I'm not calling for $50 silver anytime soon but $18-20 may be well within range, but how soon and even more so, for how long?

buff
26th November 2007, 23:40
For about the last thirty years silver has gravitated toward $5.00 per ounce. If there was ever a time to get in, it is not now.

mwilliams@earthlink.net
30th December 2007, 18:19
First it must go to 9-9.50 for the shorts to cash out,then maybe to 35
I doubt if it ever will see five again. If it does ...........................I will
pay the penalty and cash out my 401 and BUY SILVER

Prospector
31st December 2007, 06:04
Checking price history we see that silver jumped 20% in the winter of '02, 70% in winter '04, and about 100% in winter '06. It is a two year pattern. The price climbs for six months, gives back almost the entire gain in May and then bounces from the old high to the new one for eighteen months. We are now just beginning the jump of '08. I am guessing double this year.

JesterJay
14th January 2008, 00:49
Funny you mention this. I was just contemplating liquidating an IRA for a few monster boxes or 100 oz bars.
JesterJay



First it must go to 9-9.50 for the shorts to cash out,then maybe to 35
I doubt if it ever will see five again. If it does ...........................I will
pay the penalty and cash out my 401 and BUY SILVER

silverstash
7th February 2008, 17:35
Anyone care to offer their opinion on how high the price of silver will get before it makes a major correction?

One might ask how low the dollar will get? This run is being driven by the low dollar and high oil prices. IMO silver is riding the coat-tails of gold. But as today proved, it was and still is under-valued in relaionship to gold.

I'm not calling for $50 silver anytime soon but $18-20 may be well within range, but how soon and even more so, for how long?

I do see resistance at $20, and that may be the top for awhile. I also think there is a much higher target nearer 2010. I got a number from my charts, but I am going to refrain for the moment until I do more of my own work.
Joe

prahudka
9th February 2008, 11:48
I see managed inflation running silver to 25 in 2008, more in 2009 and then the government comes and interns us all, or whatever.

JesterJay
9th February 2008, 19:32
Past performance is no gaurantee of future results.
Now watch silver skyrocket!
Jay
$30 by June 2010
$100 by July 2011
$300 by July 2012
How's that for gravitating!?



For about the last thirty years silver has gravitated toward $5.00 per ounce. If there was ever a time to get in, it is not now.

Ardent Listener
25th February 2008, 20:22
For about the last thirty years silver has gravitated toward $5.00 per ounce. If there was ever a time to get in, it is not now.

Hey buff, were can I get some of that $5.00 silver now? Sorry, I couldn't resist.

Irons
25th February 2008, 22:00
And here I thought spending $120 for a 10oz bar was something!:lol:
Put me on the list with Jesterjay, I think this $18 an ounce is only the begining of the run.

Irons
26th February 2008, 18:14
6:D:shock:

Irons
26th February 2008, 20:50
:o:shock::D

JesterJay
27th February 2008, 00:53
The big shakeout is beginning to happen folks.
The sky will be poked full of silver spikes. Look for volatility and huge Upward jumps. A few backslides, perhaps even big ones. But, when everyone starts to buy silver and the people who own "fake/paper" silver try to get real silver at say...$40/ ounce, then the explosion will hit and hundreds of dollars per ounce of silver will be making me and many of you smile a happy, silly, "I got some silver" grin:D .
So, is it time to get in yet? There ain't enough gravity in the universe to bring the price back down near $5.
JesterJay


For about the last thirty years silver has gravitated toward $5.00 per ounce. If there was ever a time to get in, it is not now.

JesterJay
27th February 2008, 01:09
$30 by year end, perhaps by the end of next month at the current rate we are climbing. I don't see many points of resistance. "Slight hesitation" may be a more appropriate term.
Here are some big huge "you gotta be kidding" estimates from me:
Dec 2008- $30/to
Mid 2009- $50/to
Dec 2009- $95/to perhaps even to $100
Dec 2010- $250/to or higher
Dec 2011- $410/to or higher
Dec 2012- $1000/to, time to buy a new mansion kids!

Ultimately Silver, yes Ag, the shiny metal, will surpass the per ounce price of gold. Two weeks ago gold was 52.33 times the price of Silver. Gold is NOW at only 50 times the price of Silver whereas in the past 6 months it has approximately been about 55 and a half times. On Feb 22, 2006 gold was a big 58.18 times the price of Silver! Do you see the trend. Back in '80 when gold and silver hit their all-time (until recently for gold) highs, that multiple was in the teens!

Silver is breaking from gold. Gold's got the market cornered on pretty, but silver has VALUE. Industrial and intrinsic.

And away we go!
JesterJay



I do see resistance at $20, and that may be the top for awhile. I also think there is a much higher target nearer 2010. I got a number from my charts, but I am going to refrain for the moment until I do more of my own work.
Joe

Irons
27th February 2008, 09:36
8:mrgreen:

waynetheking
27th February 2008, 22:37
It's gonna keep going up! China, india, brazil. there buying this metal as fast as they can. 30 years ago, no. now these markets are exploding. I'm thinking 30 to 35 an oz in 18 months!!

Irons
28th February 2008, 21:43
9:idea: looking good!:D

bogi
3rd March 2008, 10:33
It's gonna keep going up! China, india, brazil. there buying this metal as fast as they can. 30 years ago, no. now these markets are exploding. I'm thinking 30 to 35 an oz in 18 months!!

$ 30 for silver in 18 month ? But at least you are down to earth with your expectations. More like $ 26 this summer ( after a pullback from here to $ 17 ? $ 16 ?) and more like $ 50 in a year from what I've been reading from my newsletter. But of course it's a lot of guessing from everyone.
A lot of people figured gold would be at $ 1000 at the end of 2008 and look where it is now and people still don't believe it.
There are some people who are waiting for a pullback in silver ( waaay overbought right now ) and I'm one of them.
Even Jim Dines thinks silver could fall to $ 15 or lower. Let's see how low it could really go. Time will tell.
bogi ..

bogi
3rd March 2008, 10:43
$30 by year end, perhaps by the end of next month at the current rate we are climbing. I don't see many points of resistance. "Slight hesitation" may be a more appropriate term.
Here are some big huge "you gotta be kidding" estimates from me:
Dec 2008- $30/to
Mid 2009- $50/to
Dec 2009- $95/to perhaps even to $100
Dec 2010- $250/to or higher
Dec 2011- $410/to or higher
Dec 2012- $1000/to, time to buy a new mansion kids!

Ultimately Silver, yes Ag, the shiny metal, will surpass the per ounce price of gold. Two weeks ago gold was 52.33 times the price of Silver. Gold is NOW at only 50 times the price of Silver whereas in the past 6 months it has approximately been about 55 and a half times. On Feb 22, 2006 gold was a big 58.18 times the price of Silver! Do you see the trend. Back in '80 when gold and silver hit their all-time (until recently for gold) highs, that multiple was in the teens!

Silver is breaking from gold. Gold's got the market cornered on pretty, but silver has VALUE. Industrial and intrinsic.

And away we go!
JesterJay

Wow ! These are numbers but most of them are indicated by newsletter as well. $ Over $ 400 by 2011 ? Your are not alone with these numbers expect....I think we always just dream a bit too much. $ 250 in 2010 is a dream already and you know how the price of silver can be ..here today, gone tomorrow. Not getting too greedy is important in my opinion.
bogi

bogi
3rd March 2008, 11:25
Anyone care to offer their opinion on how high the price of silver will get before it makes a major correction?

One might ask how low the dollar will get? This run is being driven by the low dollar and high oil prices. IMO silver is riding the coat-tails of gold. But as today proved, it was and still is under-valued in relaionship to gold.

I'm not calling for $50 silver anytime soon but $18-20 may be well within range, but how soon and even more so, for how long?

Agood article from Jim Willie is attached re: silver and other concerns. $ 26 for silver is not so far off anymore.

http://news.goldseek.com/GoldenJackass/1204310400.php
bogi

waynetheking
3rd March 2008, 15:43
Thats a great report and graph!...This metal has the staying power to continue to rise. ETF's are driving prices as well. Lets hold on to our stash and i think none of us will be disapointed in the next 2 to 5 years!!

silverstash
3rd March 2008, 16:12
I see $20 support for the next correction. So a trading range maybe between these 2 levels and then off again. Since everybody is throwing chit on the wall to see if it sticks........I'll throw some out there too: I have my own methods or reasoning a market with trend lines and there are very quirky fibinacci rules working and this one works for me.......3X the 1980 high on Jan 1, 2010.........that is roughly $127 an ounce! I am a small seller at $26, but wouldn't want to risk not having a box of coins going into this long term, at least to that date. From there, paying off the mortgage seems wise for me. Best of Luck to all!

JesterJay
3rd March 2008, 18:52
My fine silver lined friends,

Staying power? What does that mean. Really, what? The fundametals of silver are perfect for an upward price EXPLOSION as soon as the manipulation of the commercial short sellers resolves itself. They have to be losing millions on a daily basis the way the price is jumping.

Hold the stash indeed. ADD to it. I just bought some Monster Boxes of Eagles. The last the distributor had in stock. $25 per oz is NOTHING. In 2 to 5 years we will see Amazing numbers. Heck, most people won't believe the end of this year.

Oh, the ETF's. There is no way in Hello that they have all the silver they say they have. Nor the banks etc. It will soon be time to read 'em and weep. If you got paper silver, that is.

Yeah, I like silver. It goes well with my black car!
Jay



This metal has the staying power to continue to rise. ETF's are driving prices as well. Lets hold on to our stash and i think none of us will be disapointed in the next 2 to 5 years!!

chux03
5th March 2008, 16:13
We're talking about future silver prices and not one word about Ted Butler?? And on this site?? Seems his point of view is that we're one market problem away from a moonshot. Soon as the shorts can't cover or are blown up/out of the market, silver prices could EXPLODE!! Personally, I think we'll see $30 silver before summer and if there's a "market problem" or meltdown then pick a number and HOLD ON!!
Anyway, this is just a reminder to read one of the most knowledgeable writers about one of our favorite subjects, silver. And they post his articles right on this website. Wish us luck!!!!

macho trader
12th March 2008, 12:35
Buy silver and then buy more on any setbacks to support. When this really takes off you"ll be glad you did. I believe $25 to be the first target from here and then a possible shakeout to get rid of any weakholders before $30, then $50 price by mid 2009. Good luck and dont let fear shake you out too early. For safety just hedge the positions with some far out puts (expensive, but insurance always is ) and put up plenty of margin. It"s gonna be a WILD RIDE.

macho trader
12th March 2008, 16:19
Physical silver ???
Make more by trading futures. Leverage is the key to unlocking the secret to making the most of your investment in silver.

JesterJay
12th March 2008, 23:28
Sorry dude,
If you want to loose your ass, go for it.
Real Silver is the ONLY sure thing.
Futures? Paper, you mean. Great way to pay for nothing if you ask me.
Read the signature and become a believer,
JesterJay



Physical silver ???
Make more by trading futures. Leverage is the key to unlocking the secret to making the most of your investment in silver.

Agman
13th March 2008, 01:47
Can we expect any correction in silver price?
Will we ever see again the price below 18$ ?

macho trader
13th March 2008, 06:28
Sorry dude,
If you want to loose your ass, go for it.
Real Silver is the ONLY sure thing.
Futures? Paper, you mean. Great way to pay for nothing if you ask me.
Read the signature and become a believer,
JesterJay



You obviously dont no how the markets work MR. Im making a killing already, got in at an average of 1450 level and with 24 contracts. Got locked in most of the profits so far with puts( cost me 12% of my profits) so my ass IS safe against a crash in price. How fast can you exit(sell) if that happens DUDE ? How much $$$$ you making then lol.
Physical silver or futures, ? it does"nt matter, its all about making profits whether its $ or £, dont you agree? Silver price can crash also and one day IT WILL, if you paid too much for it, your ass will be on the line. Remember in 1980 it fell from over $40 to under $15 in less than a month, will you still be holding it ?? I"ll be shorting it dude, barrabing barraboom.!

Bulls make money, bears make money and chickens make nothing.
Its the lambs and pigs that get slaughtered and im nether one.
Macho trader by name and macho trading is my game

buff
19th September 2008, 14:48
Hey buff, were can I get some of that $5.00 silver now? Sorry, I couldn't resist.

You will have wait a few more months. Then the stuff will be all over the place just like it was for the ten years beginning in the early 1990's.

skijake
19th September 2008, 15:18
Physical silver ???
Make more by trading futures. Leverage is the key to unlocking the secret to making the most of your investment in silver.

I hear the TITANIC was making great time on most of the trip. Love the enthusiasm, but this game will be won with physical. I love a trip to Las Vegas but I'm not going to sell my house and move into a casino! Physical just weathered a 50% haircut and is the foundation of this market. Paper shuffling is THE problem! Sure there are winners, and I hope you are one of them, but we have a nation full of weary casino patrons that need a way out of this mess. Not more, LUCKY SPINS on the rigged slot machines. Good Luck!:rolleyes:

TechGnosis
19th September 2008, 21:54
Checking price history we see that silver jumped 20% in the winter of '02, 70% in winter '04, and about 100% in winter '06. It is a two year pattern. The price climbs for six months, gives back almost the entire gain in May and then bounces from the old high to the new one for eighteen months. We are now just beginning the jump of '08. I am guessing double this year.

Whenever I see predictions that assume past patterns to be eternal patterns, I wonder if the occurrence of unique events, such as the current collapse of the system, doesn't invalidate such predictions

Kelly
20th September 2008, 04:30
Whenever I see predictions that assume past patterns to be eternal patterns, I wonder if the occurrence of unique events, such as the current collapse of the system, doesn't invalidate such predictions

Well, that's an understatement. I would say the old patterns aren't going to apply at all anymore. After what happened this week, it's a whole new ball game.

Sushi
20th September 2008, 07:22
If you are right then the question is how much buying power $300 have in summer 2012?


Past performance is no gaurantee of future results.
Now watch silver skyrocket!
Jay
$30 by June 2010
$100 by July 2011
$300 by July 2012
How's that for gravitating!?

Sushi
20th September 2008, 07:43
I´ve been wondering about that myself... We are in a unique situation right now, so what use is technical analysis at the moment? Who cares whether silver will drop 20% or rise 20% on monday (unless you plan buying on monday)? All fiat currencies are bound to fail in the long run, that I am sure of. The dollar, pound, euro, yen and yuan (as well as all other currencies) will vanish sooner or later. It doesn´t matter much to me if this happens next month or some years from now.



Whenever I see predictions that assume past patterns to be eternal patterns, I wonder if the occurrence of unique events, such as the current collapse of the system, doesn't invalidate such predictions

balou2
20th September 2008, 13:49
We are in a unique situation right now, so what use is technical analysis at the moment?

None
-------

Well I was drinkin last night with a biker
And I showed him a picture of you
I said, pal get to know her, youll like her
Seemed like the least I could do.
Cause when hes chargin his chopper
Up and down your carpeted halls
You will think I am dressed up quite proper
Never mind how I stumble and fall.

You imagine me sipping champagne from your boot
For taste of your elegant pride
I may be going to hell in a bucket, babe
But at least Im enjoying the ride, at least Ill enjoy the ride.

Cause youre a sweet little softcore pretender
Somehow, babe, it got as hot as it gets
With her black leather and gold spike suspenders
And your chain, your black whip and pets.

Well we know youre the reincarnation
Of the infamous catherine the great
And we know how you love the ovation
And the scene that it seems to create.

You imagine me sipping champagne from your boot
For taste of your elegant pride
I may be going to hell in a bucket, babe
But at least Im enjoying the ride, at least Ill enjoy the ride.

You analyze me, tend to despise me
You laugh when I stumble and fall
There may come a say when Ill dance on your grave
Unable to dance Ill still crawl across it
Unable to dance Ill still crawl
Unable to dance Ill still crawl
Unable to dance Ill crawl.

You must really consider the circus
It just might be your kind of zoo
I cant think of a place thats more perfect
For a person as perfect as you.

And its not like Im leaving you lonely
Cause I wouldnt know where to begin
Well I know you wake up here only
When the snakes come marching in.

You imagine me sipping champagne from your boot
For taste of your elegant pride
I may be going to hell in a bucket, babe
But at least Im enjoying the ride, at least Ill enjoy the ride.
Ride, ride, ride
Ride, ride, ride
Ride, ride, ride
At least Ill enjoy the ride.
At least Ill enjoy the ride.
At least Ill enjoy the ride.

Ardent Listener
2nd January 2009, 21:01
You will have wait a few more months. Then the stuff will be all over the place just like it was for the ten years beginning in the early 1990's.


Few months are over Buff. Dam it, I want my $5.00 silver now. You promised!

silver_surfer
2nd January 2009, 21:40
its all a big scam

goldragon
2nd January 2009, 22:02
$30 by year end, perhaps by the end of next month at the current rate we are climbing. I don't see many points of resistance. "Slight hesitation" may be a more appropriate term.
Here are some big huge "you gotta be kidding" estimates from me:
Dec 2008- $30/to
Mid 2009- $50/to
Dec 2009- $95/to perhaps even to $100
Dec 2010- $250/to or higher
Dec 2011- $410/to or higher
Dec 2012- $1000/to, time to buy a new mansion kids!

Ultimately Silver, yes Ag, the shiny metal, will surpass the per ounce price of gold. Two weeks ago gold was 52.33 times the price of Silver. Gold is NOW at only 50 times the price of Silver whereas in the past 6 months it has approximately been about 55 and a half times. On Feb 22, 2006 gold was a big 58.18 times the price of Silver! Do you see the trend. Back in '80 when gold and silver hit their all-time (until recently for gold) highs, that multiple was in the teens!

Silver is breaking from gold. Gold's got the market cornered on pretty, but silver has VALUE. Industrial and intrinsic.

And away we go!
JesterJay

Jay, you are the man. I hope you did not drink too much to post these numbers.
I do agree the silver price will be up and up, even beyond people's imagine, but your numbers are too much. Only greed can make people dream far from the possibility.

Ardent Listener
2nd January 2009, 22:04
its all a big scam A lead filled bar scam that is. ;)

cugir321
2nd January 2009, 22:23
On the new president, the congress, wall street, the Comex, investers, arabs, russians, war, israeli's, iran, oil companies, t-bills, inflation, deflation, silver mines, central banks, God.....

ah, 13.86 on 1/8/09

JesterJay
2nd January 2009, 23:10
My numbers will come to fruition.
As I have said many times before.
The timeline is the ONLY thing in question.
Non-drugger,
JesterJay



Jay, you are the man. I hope you did not drink too much to post these numbers.
I do agree the silver price will be up and up, even beyond people's imagine, but your numbers are too much. Only greed can make people dream far from the possibility.

cugir321
2nd January 2009, 23:17
Jester, The timeline is the most important part!!! I don't doubt your numbers. If you would have stayed in the stock market after 1929 you would have made a killin'....if your company survived. Silver will always survive...that's reassuring.


My numbers will come to fruition.
As I have said many times before.
The timeline is the ONLY thing in question.
Non-drugger,
JesterJay

goldragon
3rd January 2009, 17:53
My numbers will come to fruition.
As I have said many times before.
The timeline is the ONLY thing in question.
Non-drugger,
JesterJay

Time line is the key for a wised prediction. Without time line there is no meaning of a prediction.

In your prediction the first was the 2008-year end price of silver. It was $30.00 and the reality was $11.32, about 3 times difference.
We will see how much is for 2009. Your target was $90-100. I hope you will not have 3 times difference again! I do suspect that when you put all these funny numbers, you might drink 3 bottles of whiskey or Volga.
Anyhow I like your braveness and I still will be your friend!! Ha, Ha, Hahaha!

JustChris
3rd January 2009, 17:56
Can't make a time-line with manipulation being a factor...

Ancona
3rd January 2009, 18:31
I would guess that if JPM and the other manipulators bail on their short positions that silver could see $25 in very short order. There are a lot of folks out there earning %0.15 interest on savings, and like me, %0.24 interest on money market savings [BOA] with a $12 a month "maintenance fee". If those folks get disgusted enough wiht the system, and take their savings out to buy PM's, we could call off all bets, and watch the market explode. Unfortunately, JPM is being fed intravenously by the FED and will do whatever bidding they require.

It is not in the best interests of the FED to have folks hiding their cash in PM's, because that takes it out of the equation for banks and their leverage. No savings, no banks.

TomGray
3rd January 2009, 19:25
Funny you mention this. I was just contemplating liquidating an IRA for a few monster boxes or 100 oz bars.
JesterJay

Same here. Actually, not quite a monster box. More like a pill box...

cugir321
3rd January 2009, 19:32
The people running JP morgan have been doing it for 250 years. It's been said they're worth 400 trillion. You think they're going down? I don't. They may let a few holding houses shut down. They will be somewhat isolated.


I would guess that if JPM and the other manipulators bail on their short positions that silver could see $25 in very short order. There are a lot of folks out there earning %0.15 interest on savings, and like me, %0.24 interest on money market savings [BOA] with a $12 a month "maintenance fee". If those folks get disgusted enough wiht the system, and take their savings out to buy PM's, we could call off all bets, and watch the market explode. Unfortunately, JPM is being fed intravenously by the FED and will do whatever bidding they require.

It is not in the best interests of the FED to have folks hiding their cash in PM's, because that takes it out of the equation for banks and their leverage. No savings, no banks.