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View Full Version : Are the summer lows going to happen?



vacuum
15th July 2011, 05:13 PM
I've been waiting for a drop in metals this summer to pick up some more. However, we're halfway through July already and the price of silver is nowhere close to even what it was at the beginning of the year, which itself was highest in recent memory.

Anyone still think there will be an opportunity better than now? What metals besides silver are good (or is it still the best)? I don't have anything else..

Dogman
15th July 2011, 05:20 PM
If there will be it is getting late, and I do not think so. The whole worlds economy is on very shaky ground and things do not look like anything is going to get better anytime soon. Think people are starting to run more scared and pm's are the historical piggy bank, that you keep close.

Imo

1970 silver art
15th July 2011, 05:46 PM
I still think that gold and silver will begin another leg down. That down leg might sometime in August. Then again, there is a possibility that we could see gold and silver begin to move down in early Fall. Honestly, I do not know. We will just have to see what happens.

solid
15th July 2011, 05:48 PM
I have no clue either. Here we are about to push through $1600, and $40 silver. Maybe the summer low was a short one, at $33 silver. Personally, I'm not buying metals now. 100% of extra income is going towards preps for me.

EE_
15th July 2011, 06:47 PM
Are the summer lows going to happen?

In a word...NO!
Sorry to say, you've already seen the low.

Joe King
16th July 2011, 12:54 AM
Ditto that. ^

gunDriller
16th July 2011, 07:35 AM
In a word...NO!
Sorry to say, you've already seen the low.

i think a few weeks ago, when silver was at $33/$34 - that was the low.

gold @$1485 - that was the low.


earnings season is just getting started, though ... but with the Debt Ceiling thing in the background, options expiry 2 weeks away.

plenty of reasons for volatility ... market manipulators still At Large ... could be a few more temporary dips.

SLV^GLD
27th July 2011, 11:14 AM
The lows already happened. What were you expecting?

From $49.85/ozt to mid-$30's is pretty indicative of a low, my man.

We are in the slow climb to find the Spring high next year, now.

ximmy
27th July 2011, 01:34 PM
The lows already happened. What were you expecting?

From $49.85/ozt to mid-$30's is pretty indicative of a low, my man.

We are in the slow climb to find the Spring high next year, now.

some were expecting sub 4 dollar silver... ::) while the rest of us stacked... :p

Horn
27th July 2011, 01:50 PM
The low will come when they start pricing it in Yuan.

platinumdude
2nd August 2011, 07:58 AM
Gold up $15 today after the budget looks likes it's going to pass. I think we are in the summer lows now.

1970 silver art
2nd August 2011, 05:57 PM
I still think gold and silver will head back down later this month or maybe sometime next month. I do not trust this current run-up in gold and silver. Sniff....Sniff......I smell a smackdown in the metals very soon.