The dollar will be going down hard soon enough, all metals should go up. Gold going to go to 1200 Minimum.
Bought some slv because I think silver will double in the next year
Started by
isaac613
, Mar 03 2009 12:09 PM
3 replies to this topic
#2
The End
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Posted 03 March 2009 - 12:35 PM
The only problem with your thought is that there is so much silver ready to be mined should it rise to 15-18 that the flood of it will probably cause the price to stablize at that area.
NONE of what I type should be taken as financial advice.
#3
SilentOne
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Posted 03 March 2009 - 12:45 PM
isaac,
The 9 year cycle low is due in late 2010 or 2011. I don't know what the next few weeks hold for it, but I'm wary of playing something like silver now. I own a fair bit of bullion and that was free based on sales in early 2008.
http://www.traders-t...showtopic=92393
cheers,
john
Bought some slv because I think silver will double in the next year
The 9 year cycle low is due in late 2010 or 2011. I don't know what the next few weeks hold for it, but I'm wary of playing something like silver now. I own a fair bit of bullion and that was free based on sales in early 2008.
http://www.traders-t...showtopic=92393
cheers,
john
Edited by SilentOne, 03 March 2009 - 12:49 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#4
isaac613
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Posted 03 March 2009 - 12:54 PM
Well, when the dollar starts crashing the way it should with the money they are printing and its worth as much as a mexican peso, everyone will be wishing they would have gold and silver. This is definetly going to go down, exactly when I don't know but gold and silver will be going up greatly soon. This needs to happen if they are going to save the market. I think right now, the market is the only thing that matter for government. If they give AIG 30 Billion, who says they can't print another Trillion dollars and put it in the market. Right now there is no logic in our government and their advisors. Things will get pretty scary around here and the dow will be at 10 K, only thing is it will cost you $100 to buy some milk and bread.
