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View Full Version : silver spot price next year?



of one mine
13th August 2009, 23:33
In this excerpt:
Silver futures for September delivery gained 40.2 cents, or 2.8 percent, to $14.987 an ounce in New York, after touching $15.145, the highest for a most-active contract since June 12. The price will average $13.50 next year, 17 percent higher than its previous estimate, ING said.

Does this mean silver spot price will be 13.50 in 2010? Does this even mean that it wont take off to $50.00- $75.00 til after next year?
Or will it go to the top briefly then drop down?
It appears as though this forcast seems somewhat solid set for now.

of one mine

Katwoman
13th August 2009, 23:43
Since when is ING known for accurately forecasting silver futures?

Gen Ripper
14th August 2009, 00:15
how many times have we bounced to 15. I think we can all agree that spot will be 15=+ in a year..

Gene Daniels
14th August 2009, 06:58
In this excerpt:
Silver futures for September delivery gained 40.2 cents, or 2.8 percent, to $14.987 an ounce in New York, after touching $15.145, the highest for a most-active contract since June 12. The price will average $13.50 next year, 17 percent higher than its previous estimate, ING said.

Does this mean silver spot price will be 13.50 in 2010? Does this even mean that it wont take off to $50.00- $75.00 til after next year?
Or will it go to the top briefly then drop down?
It appears as though this forcast seems somewhat solid set for now.

of one mine

You must remember that traditional economic forecasting is done using certain "models" and those models are based on the belief that things will continue, more or less, as they have always been. In other words, the ING silver price forecast is assuming that there is no major upset in the world economic scene.

Suffice it to say that most of us here on this forum believe just the opposite, that there WILL BE some kind of major upset to the economic status quo. So don't let such forecasts unsettle you, they are based on a very flawed model, no economic system can continue indefinently as ours is right now.

BullionBob
14th August 2009, 07:11
$600 by NOV 2010

Argyria
14th August 2009, 07:35
$600 by NOV 2010

I'll bet you money that won't happen.

of one mine
14th August 2009, 09:25
So then we should expect a moderation of the opposite. Silver will be up but 600? Even I think that is a far reach, If you cant afford to feed your family why would anyone buy gold or silver? The money people spend on on auto repairs maintenace/bills/food clothing is all they have. And when jobs continue to decline so will spending. Only the well to do will buy even then. How much silver will move from here mostly depends on those that have it to invest. I would buy now but I wont due to the price being a little high for me. I will buy soon but I hope I can when the price goes down and not up. My opinion is yes in general it will go slightly higher but also down due to smaller investors not having enough to buy so mostly up/down depending on significant financial factors and news. THanks for the info on ING
Of one mine

BullionBob
14th August 2009, 11:25
I'll bet you money that won't happen.

Bet in Silver or Gold

silverheartbone
14th August 2009, 12:42
$600 by NOV 2010

Is that $600 valued in July 2009 dollars,
or $600 in November 2010 dollars?

The former, I doubt it.
The latter, probably.

akak
14th August 2009, 12:44
Is that $600 valued in July 2009 dollars,
or $600 in November 2010 dollars?

The former, I doubt it.
The latter, probably.


Yes, good point, SHB. That is why I refuse to think about or worry about future prices of anything --- because without knowing or taking into account what the dollar would be worth at that same time, it is all just a fool's errand.

We need to stop thinking about dollar price, and thinking instead in terms of value. Like I have said before, I don't give a damn if silver reaches $1000 an ounce in say two years, if a loaf of bread costs $200 at the same time.