Where will silver bottom?

[Neuro]

Just want to test where this crowd stands. Please elaborate if you feel like it. When do you think it will bottom... The scenario playing out this summer, premiums to physical etc...

[Awoke]

Where will silver bottom?

...the bottom of my pocket.

[Neuro]

I voted low 20's, but I am by no means certain of this. Another likely turning point is around 26 or around 30, but I do believe that around 21 is where we will see it turning, probably in early July... A higher turning would be earlier...

[Spectrism]

I would love to see it drop into low 20's. This would tell me that the dollar beat up the other fake money out there and we can buy more stuff with the few dollars we have.... for a short while longer.

I really think it will bottom at $31.23 this week.

[1970 silver art]

I voted high $20's in the poll. Specifically, I think that silver will bottom out at $26. I think that silver will bottom out at $26 somtime this Summer. I will say $26 around the late June/early July period. I mentioned this period because there will be some upswings between now and then that will temporarily delay silver bottoming out at $26. $21 is a very solid floor IMO and I do not see silver getting close to breaking $21 on the downside. I do not see silver going below $26.

I think that premiums will go up a lot especially if spot silver falls very quickly. Either high premiums or shortages of 1-oz size silver bars and silver rounds. I think that the premium scenario could play out the same way it did in 2008 when back then I saw $6 or more premiums for .999 generic 1-oz silver rounds.

[ximmy]

I think many (so called) experts have discounted the growing public interest that determines retail value over spot. Any of my comments other than that is as a broken record... :P

[Libertytree]

My uneducated guess is $22-$24. My reasoning with these numbers is because I think it will take those numbers to shake the non investor/speculators back out of the market. Preppers and doomers will always hold and acquire what they can, older folks who might remember 1930 or stories of are exchanging FRN's for metal as we speak. The people who are of purely a biz mind will bail at certain points along the way, thinking they'll get back in later on and make some more profits. Just my 2¢.

[Neuro]

I voted high $20's in the poll. Specifically, I think that silver will bottom out at $26. I think that silver will bottom out at $26 somtime this Summer. I will say $26 around the late June/early July period. I mentioned this period because there will be some upswings between now and then that will temporarily delay silver bottoming out at $26. $21 is a very solid floor IMO and I do not see silver getting close to breaking $21 on the downside. I do not see silver going below $26.

I think that premiums will go up a lot especially if spot silver falls very quickly. Either high premiums or shortages of 1-oz size silver bars and silver rounds. I think that the premium scenario could play out the same way it did in 2008 when back then I saw $6 or more premiums for .999 generic 1-oz silver rounds.
$6 premium at $10, in 2008, is 60%, at $26 that would mean a premium at $15-16, or at $21 that would mean a premium of around $12-13. As far as I recall in 2008 you could buy 100 oz or bigger bars or silver granule with a $2.50 premium. Thats about 25%. which would mean about $5-8 for a price of silver between 20 and 30. Should you buy that then? Or should you buy into a pool account, and transfer into cash and subsequent metal as the premiums decrease? Or will the premiums on silver this time around stay high, after it starts going up due to physical shortage? I am leaning towards that alternative actually!

[sirgonzo420]

$7.50









;D

[mamboni]

$28.

However, I would begin moving my paper into silver and gold (equal mix of bullion and miners) as soon as silver breaks below $30, so as not to miss the train.

My physical remains safe and sound and untouched.

[madfranks]

Paper price may bottom in the low to mid $20's, but I don't see physical silver going for anything less than $30, even at the bottom.

[gunDriller]

at some point, the curtain will be pulled back.

people will panic like they did in October 2008 and March 2009.

but more panic than then, e.g. when the reality of Fukushima & BP Corexit poisoning hit home.

of if there's a medium to large earthquake on the US Pacific Coast. an 8+.

or, who knows, maybe the Talmud worshippers will stage another 9-11.

that kind of time is usually accompanied by the perception, if not the reality, of money supply destruction.

if the money supply drops 33%, the ripple effects & volatitility could neck-snapping & whip-cracking.

it would be a wilder ride than Amy Winehouse after 6 shots of expresso, 4 bong hits, and a pint of techila.

[mick silver]

i voted for below 20 i know i know it a dream but what a dream it would be backing up my truck to the loading dock

[mamboni]

it would be a wilder ride than Amy Winehouse after 6 shots of expresso, 4 bong hits, and a pint of techila.[/b]


While I trust your judgement here, I would prefer to experience this for myself and judge for myself. ;D

That said, the volatility in markets is becoming extraordinary and there is a sense of extreme instability. The market seems to be oscillating, a malignant resonance created by incessant manipulation and price fixing by the central planners in Washington. One fears that the entire market could blow up in their faces any day. I sleep better at night having a cache of physical wealth; because days like today and these extreme up/down days are a reminder that the entire paper wealth game is virtual and can go poof in a millisecond.

[mick silver]

if silver was to drop below 20 how would you geta 1000 oz bar ?

[Ponce]

I am no longer a millionar sniff sniff sniff.......it was good while it lasted.....oh well, after 28 years of holding I can wait a little bit longer :boohoo

[Spectrism]

it would be a wilder ride than Amy Winehouse after 6 shots of expresso, 4 bong hits, and a pint of techila.[/b]


While I trust your judgement here, I would prefer to experience this for myself and judge for myself. ;D

That said, the volatility in markets is becoming extraordinary and there is a sense of extreme instability. The market seems to be oscillating, a malignant resonance created by incessant manipulation and price fixing by the central planners in Washington. One fears that the entire market could blow up in their faces any day. I sleep better at night having a cache of physical wealth; because days like today and these extreme up/down days are a reminder that the entire paper wealth game is virtual and can go poof in a millisecond.


Yes- I agree. The manipulated market is like an airplane driving down the road pretending to be a car. When the road dips down, the airplane goes up because the passengers will be happier with the pilot taking her up. Unfortunately, there is no altimeter on this plane and they are flying in heavy fog at night. The nervous murmers you hear are the few passengers who realized that they are no longer bumping happily along the road. They know the plane has no instruments, and the pilot is an egotistical maniac drinking whiskey with a stewardess on his lap.

[mamboni]

it would be a wilder ride than Amy Winehouse after 6 shots of expresso, 4 bong hits, and a pint of techila.[/b]


While I trust your judgement here, I would prefer to experience this for myself and judge for myself. ;D

That said, the volatility in markets is becoming extraordinary and there is a sense of extreme instability. The market seems to be oscillating, a malignant resonance created by incessant manipulation and price fixing by the central planners in Washington. One fears that the entire market could blow up in their faces any day. I sleep better at night having a cache of physical wealth; because days like today and these extreme up/down days are a reminder that the entire paper wealth game is virtual and can go poof in a millisecond.


Yes- I agree. The manipulated market is like an airplane driving down the road pretending to be a car. When the road dips down, the airplane goes up because the passengers will be happier with the pilot taking her up. Unfortunately, there is no altimeter on this plane and they are flying in heavy fog at night. The nervous murmers you hear are the few passengers who realized that they are no longer bumping happily along the road. They know the plane has no instruments, and the pilot is an egotistical maniac drinking whiskey with a stewardess on his lap.


The stewardess is probably secured to his lap by means other than a seat belt. ;D

[mightymanx]

$1.00

After the crash, the resulting Civil war, millions of deaths, and finnaly reinstatement of the Constitution and sound money.

[1970 silver art]

I voted high $20's in the poll. Specifically, I think that silver will bottom out at $26. I think that silver will bottom out at $26 somtime this Summer. I will say $26 around the late June/early July period. I mentioned this period because there will be some upswings between now and then that will temporarily delay silver bottoming out at $26. $21 is a very solid floor IMO and I do not see silver getting close to breaking $21 on the downside. I do not see silver going below $26.

I think that premiums will go up a lot especially if spot silver falls very quickly. Either high premiums or shortages of 1-oz size silver bars and silver rounds. I think that the premium scenario could play out the same way it did in 2008 when back then I saw $6 or more premiums for .999 generic 1-oz silver rounds.
$6 premium at $10, in 2008, is 60%, at $26 that would mean a premium at $15-16, or at $21 that would mean a premium of around $12-13. As far as I recall in 2008 you could buy 100 oz or bigger bars or silver granule with a $2.50 premium. Thats about 25%. which would mean about $5-8 for a price of silver between 20 and 30. Should you buy that then? Or should you buy into a pool account, and transfer into cash and subsequent metal as the premiums decrease? Or will the premiums on silver this time around stay high, after it starts going up due to physical shortage? I am leaning towards that alternative actually!


Honestly speaking, I do not really know. I really do not know what premiums will do when we see $26 silver. I just brought up that 2008 scenario as a possibility of what could happen with premiums if spot silver drops very quickly. The premium was $6 at $10 back in 2008 for me but that may not necssarily mean that it will be the same premium % wise when spot goes down to $26. It depends on a lot of other variables that can be hard to predict. The premium when spot is $26 might be $6 which that would be lower than what it was in 2008 on a % basis. I brought up the $ amount because in 2008 that was what I was paying when spot was $9-$10 back then. I was used to paying much less than that ($1.50 to $2 over spot) when I bought silver art bars locally in 2008 so $6 back then was a big jump in premium on a $ basis and that was what I was looking at at the time. When spot falls to $26 and premiums are $6, then that is a lesser amount (% wise) that I am willing to pay depending on the silver art bar that I am looking for. I use 1-oz silver art bars as an example because that I what I buy and local dealers in my area treat silver art bars as .999 generic silver. I can relate to that as opposed to other types of silver which might have different premiums in a "normal" silver market enviroment.

It also depends on how fast the spot price goes down. If it drops quickly like it did last week, then premiums will continue to go higher because some local dealers might have bought at a price when spot was much higher (ex: $48). If spot price falls more slowly and stays at a certain level for a while, then that might give a chance for premiums to come down and to stabalize. It also depends on demand for silver in which if demand is high as a result of the drop in the paper spot price, then that could keep premiums high on a $ basis and perhaps also a % basis.

No one really knows what will happen with premiums. We will have to see how things play out in the near future.

[gunDriller]

it would be a wilder ride than Amy Winehouse after 6 shots of expresso, 4 bong hits, and a pint of techila.[/b]


While I trust your judgement here, I would prefer to experience this for myself and judge for myself. ;D



OK, here is her Facebook page -

http://www.facebook.com/amywinehouse

i dare you to friend her ;D

[Trinity]

The bottom is in. IMVHO

[mamboni]

it would be a wilder ride than Amy Winehouse after 6 shots of expresso, 4 bong hits, and a pint of techila.[/b]


While I trust your judgement here, I would prefer to experience this for myself and judge for myself. ;D



OK, here is her Facebook page -

http://www.facebook.com/amywinehouse

i dare you to friend her ;D




Nevermind. :yuk :sicko

[Large Sarge]

I think the real question is how much silver is left on the comex?

remember they had an overnight loss of 20% of their silver (about 2 weeks ago)

I strongly suspect we will see more of those, in the near future

[osoab]

The bottom is in. IMVHO


That last floor you constructed was might flimsy.

You might want to reevaluate your floors. :D

[ximmy]

The bottom is in. IMVHO



You KNOW better than to call a bottom. Now where's that oil filter? :D


Xactly... I'll be calling another contractor for to build my sub-floor... :P

[mamboni]

The bottom is in. IMVHO


The beatings will continue until morale improves. 8)

[Trinity]

Just a little deflection of the beams people. I'm not worried, in fact I made it this way on purpose so as to test the strength of the materials for an engineering study I am doing. Soon we will be back over 38 when my tests are completed. :-\

[Libertytree]

Just a little deflection of the beams people. I'm not worried, in fact I made it this way on purpose so as to test the strength of the materials for an engineering study I am doing. Soon we will be back over 38 when my tests are completed. :-\


How many coats, hats, shoes have you eaten as of late?

BTW, BS in engineering terms means Block Structure and its integrity, these materials seem better suited to stress tests of about 25, though I may be off with my calculations and we could be looking at 22. ;D

[SilverMagnet]

Impossible to predict with all the manipulation going on. Completely meaningless to me though. Default is imminent. Inflation is imminent. Unrest is certain.

[Korbin Dallas]

My silver already bottomed out, on the ocean floor.

[BrewTech]

Impossible to predict with all the manipulation going on. Completely meaningless to me though. Default is imminent. Inflation is imminent. Unrest is certain.


My thoughts precisely.

Therefore, I will see the OP's 'silver bottom', and raise with this:

https://lh3.googleusercontent.com/_rnN3mbqgIJ0/TUg2RbvFFTI/AAAAAAAAC3M/HiB8lduSReQ/Shakira_gold_ass.jpg

[Mouse]

This is your captain Sammy speaking. Good evening and thanks for flying silverjet airlines. We are expecting an ontime departure and the current temperature is 72 with no pulse. We do expect to see some choppy weather as there are severe storms in the area, so please ensure that your seatbelts are fastened throughout the flight. Shirley you will want to enjoy our fish dinner tonight. It jives well with our wine special and the premiums are high. In just a moment we will be taking off, as soon as I verify our altimeter and autopilot systems are functioning properly. Once in the air, we will be climbing to at least $100, depending on weather, perhaps as high as $5,000 feet. On behalf of all of us at Silverjet Airlines, thanks for flying, and have a volatile day!

[silver solution]

$1.00

After the crash, the resulting Civil war, millions of deaths, and finnaly reinstatement of the Constitution and sound money.


You reinstatement of the Con and they will own the country again in a few years.

You have been Conned by the con.

[slvrbugjim]

The bottom is $28.15 the 200 day DMA

and then to the what ever

[Kali]

The big dogs only make money when it goes up and down.

They make it go up and down.

That's the game.

See history.

If it continues to move upwards never to return then "this is it".

End of America as you know it.

And at that time who gives a shit about the POS.

It will be all about food, water, and ammo.

If there is no food on store shelves then there is no one who will trade their food for your shiny coin. Period.

So my advice is to take the money off the table if there is a nice stack.

I have.

I will revisit this thread soon to say I told you so or I will be looking for you food stash if you have one.

[Mouse]

Oh, so you just want a sammich? Why didn't you say so. Oh wait. Your that creepy neighbor that killed my cat and now you want food?

[Kali]

Oh, so you just want a sammich? Why didn't you say so. Oh wait. Your that creepy neighbor that killed my cat and now you want food?


Your cat died of natural causes.

[Awoke]

I voted high 20's, which doesn't look so far away now...

[mightymanx]

$1.00

After the crash, the resulting Civil war, millions of deaths, and finnaly reinstatement of the Constitution and sound money.


You reinstatement of the Con and they will own the country again in a few years.

You have been Conned by the con.


So what is you version of non-fiat money?

[Ponce]

If silver were to ever go down to $1.00 that would mean that the dollar would be worth 0.01 penny.

[mightymanx]

If silver were to ever go down to $1.00 that would mean that the dollar would be worth 0.01 penny.


If silver is the dollar there is no equivalent paper that is my point.

[Grand Master Melon]

I see sub-20 coming for silver.

What a worthless metal.

[StreetsOfGold]

The bottom is in. IMVHO


The beatings will continue until morale improves. 8)


In case of rain the war will be held in the auditorium ^-^

[DMac]

$28 is my call for bottom.

[Awoke]

I personally see $26 as bottom, and then a shot up to $69ish.

But I have been wrong before, so I am still buying even at $40 per physical ounce.

[Libertytree]

At the end of the day you either got some or ya ain't, most don't. A little is better than nothin' and more is better. Water and food trump silver/gold though.

[JJ.G0ldD0t]

I don't really care. I just wish it'd hurry and get there and wave a big red "BUY ME" flag ;D

I'm going with 26-28 though.

[Awoke]

Yeah well even if it hits $25, you're not going to pay less than $30 an ounce, I doubt.

[Neuro]

Yeah well even if it hits $25, you're not going to pay less than $30 an ounce, I doubt.
I would say even if it hits $21 or even $18 you would not pay less than $30. I think it could be a good idea to buy around 31, and if it mimmicks 2008, we may see a rebound up to around $44, and this can happen within the next month, and then we will see a freefall to mid 20's, as Federal Reserve starts talking tough about turning off the money tap, and they do it too. At the height of desperation it is time to buy back. The thing is though if you want to do this type of trading every move will feel counterintuitive, at the time you do it, but you will have a great chance to increase your silver load, if you keep your head cool...

[Neuro]

Ok right now nearly half of the voters believe that the turning point will be in the high 20's. If there is wisdom of crowds that will be where silver turns...

[ximmy]

Ok right now nearly half of the voters believe that the turning point will be in the high 20's. If there is wisdom of crowds that will be where silver turns...



I'd back up that truck...

[slvrbugjim]

$28 is my call for bottom.


my call as well,

28.50 would be my call, ok new prediction along with others.

[Trinity]

I seriously think we just bottomed today. I can feel it in my stomach.

[bellevuebully]

I'm dug in. Wake me when we reach 50. Even during the 2nd or 3rd try. Whatever. :D

[Trinity]

I seriously think we just bottomed today. I can feel it in my stomach.


Nah, it's an oil filter your feeling.


Ain't I a great set up man for the punch line.

[Neuro]

I seriously think we just bottomed today. I can feel it in my stomach.


Nah, it's an oil filter your feeling.


Ain't I a great set up man for the punch line.
You are too good to be true!

[1970 silver art]

I seriously think we just bottomed today. I can feel it in my stomach.


Nah, it's an oil filter your feeling.


Ain't I a great set up man for the punch line.


:ROFL:

Hey Trinity, I think that you are imagining things. Just wait when silver really bottoms out at $26 sometime this Summer (late June/early July) and you will see what I mean. I guess that an oil filter does leave a strange feeling in your gut but I really do not know that since I never ate an oil filter. You probably should have put some tabasco sauce on that oil filter to make it go down a little easier but that is just a WAG on my part. When you eat things such as an oil filter, hats, your wife's cookies, etc., then that usually leads to being a great set-up man for the punch line that will eventually come. :D At the rate you are going, then you will have a long and great career as set-up man on the internet. Do you get paid to be a set-up man on the internet? If so, then you should get paid in silver instead of getting paid in FRN's. When your current contract expires in about a month from now, then what you should do is to demand to your "boss" to get paid in silver instead of in FRN's. ;D I would ask Aunt Jesse to see what she thinks of that idea. ;) ;D