Gold/Silver price outlook

[1970 silver art]

The 2014 intra-low for silver ended up being $14.09. Needless to say, it has been a down year for the DOG with it deep in the red. Will it get better for 2015? Answer (my opinion): No.

My take on silver in 2015:

I think that the 1st quarter of 2015 could see a rally from $16 to as high as $20 during the 1st QTR 2015 before silver resumes its down trend to another "lower low" in 2015 before a small recovery at the end of 2015. I see silver ultimately breaking $14.09 on the downside. My gut feeling says a "lower low" in the $11.50-$12.50 range sometime in the Summer months (between late June to late August). I think that silver could finish 2015 somewhere between $13.50 and $14.75 on December 31, 2015.

As always, this is just my gut feeling talking to me and I do not have any charts, fundamentals or anything else of worth to back up my gut feeling. DYODD.

[madfranks]

I believe you, I'm waiting until late next summer when I can get in between 11.5 and 12.5!

[1970 silver art]

I believe you, I'm waiting until late next summer when I can get in between 11.5 and 12.5!

I will have to see if I end up being accurate on this. You never know.

[Neuro]

The 2014 intra-low for silver ended up being $14.09. Needless to say, it has been a down year for the DOG with it deep in the red. Will it get better for 2015? Answer (my opinion): No.

My take on silver in 2015:

I think that the 1st quarter of 2015 could see a rally from $16 to as high as $20 during the 1st QTR 2015 before silver resumes its down trend to another "lower low" in 2015 before a small recovery at the end of 2015. I see silver ultimately breaking $14.09 on the downside. My gut feeling says a "lower low" in the $11.50-$12.50 range sometime in the Summer months (between late June to late August). I think that silver could finish 2015 somewhere between $13.50 and $14.75 on December 31, 2015.

As always, this is just my gut feeling talking to me and I do not have any charts, fundamentals or anything else of worth to back up my gut feeling. DYODD.
Folks listen to this guy. He has had gut feelings with amazing accuracy, the last 5 years... But DYODD!

[Shami-Amourae]

Honestly these PM prices are getting me sick. I'm so far underwater from buying into PMs. I'd have done far better just keeping my money in the bank with cash.
:(

[Neuro]

Honestly these PM prices are getting me sick. I'm so far underwater from buying into PMs. I'd have done far better just keeping my money in the bank with cash.
:(
If you'ld kept the money in the bank, would you have bought PM's with them today? Or would you keep them in the bank?

[Shami-Amourae]

If you'ld kept the money in the bank, would you have bought PM's with them today? Or would you keep them in the bank?

Hindsight is 20/20.

I'd buy more Bitcoin and some Gold/Silver. I think Bitcoin will have a large rise in the next year or so. Everything is moving to the virtual and tech. The physical world is becoming less and less real as we get closer to the singularity and merging with machines.

Most of the financial advice I've gotten on this forum has hurt me, so I'm weary of it. I was the largest proponent of Bitcoin and if I had ignored everyone here when I did that I'd be a multimillionaire now. I'm better off trusting the things I truly understand.

Gold/Silver may be dead but I don't know. The fact they seem hopeless also generally would mean its a great buy right here.

[Neuro]

Hindsight is 20/20.

I'd buy more Bitcoin and some Gold/Silver. I think Bitcoin will have a large rise in the next year or so. Everything is moving to the virtual and tech. The physical world is becoming less and less real as we get closer to the singularity and merging with machines.

Most of the financial advice I've gotten on this forum has hurt me, so I'm weary of it. I was the largest proponent of Bitcoin and if I had ignored everyone here when I did that I'd be a multimillionaire now. I'm better off trusting the things I truly understand.

Gold/Silver may be dead but I don't know. The fact they seem hopeless also generally would mean its a great buy right here.
Investing to optimize fiat returns is a bitch! ;) The good thing though is you still have as much gold and silver as you did when you valued it higher in fiat terms...

[1970 silver art]

Folks listen to this guy. He has had gut feelings with amazing accuracy, the last 5 years... But DYODD!

I also want to mention that my take on silver in 2015 in post # 614 of this thread is part of my "big picture" gut feeling of silver going down to $8.00 on or before March 2017. I still think that this will happen.

EDIT: I have been wrong before in that my timing has been off but not the direction.

[Neuro]

I also want to mention that my take on silver in 2015 in post # 614 of this thread is part of my "big picture" gut feeling of silver going down to $8.00 on or before March 2017. I still think that this will happen.
Fuck! OUCH! Will it hit $50 on this side of 2020?

[1970 silver art]

Fuck! OUCH! Will it hit $50 on this side of 2020?


Honestly, I do not know, however, if this helps any, I will venture a guess by saying that I will NOT see $50 silver during my lifetime (currently 41 years old). Technically, I was alive in Jan. 1980 when it did hit $50 but that does not count since I was 6 years old at that time and never saw it during that time. That $49.85 intra-day high that we witnessed on April 25, 2011 will probably not get seen again in, at a bare minimum, another 31 years. More than likely, probably another 40-50 years. I think that once silver hit $8, then it might stay there for a while and make a small recovery from $8 but not anywhere close to $50 IMO. The paper fiat system will continue for a loooong time before the eventual collapse but I will not be alive to see the eventual dollar collapse since it will be about 40-50 years away IMO. I will also say that since this is my most extreme view of silver long term, I could be totally wrong on this but I doubt it. This is really an off-the wall WAG and not really a gut feeling per se. So DYODD.

In the meantime, I will just continue to collect and fondle '70's silver art bars. :)

[1970 silver art]

Hindsight is 20/20.

I'd buy more Bitcoin and some Gold/Silver. I think Bitcoin will have a large rise in the next year or so. Everything is moving to the virtual and tech. The physical world is becoming less and less real as we get closer to the singularity and merging with machines.

Most of the financial advice I've gotten on this forum has hurt me, so I'm weary of it. I was the largest proponent of Bitcoin and if I had ignored everyone here when I did that I'd be a multimillionaire now. I'm better off trusting the things I truly understand.

Gold/Silver may be dead but I don't know. The fact they seem hopeless also generally would mean its a great buy right here.

I agree with the bitcoin situation and that is why I took advantage by buying at these current bitcoin levels during the last two months of 2014. I think that it will retest $275 within 3 weeks and if it did, then I will buy a little more. Once $275 is retested, then there is that possibility of rebounding and eventually breaking the $400 resistance level and continue to go up from there. Just a WAG on my part so DYODD.

[crimethink]

Since precious metals prices are far more casino management techniques than real-world supply & demand, judging where prices will be is almost pure speculation. "Will I win this Blackjack or Poker game, or not?" The trouble is, "the house" (bankster metal cartel trading in fake electronic "metal") has a warehouse of marked and stacked cards for each game you play.

[StreetsOfGold]

dollar collapse since it will be about 40-50 years away IMO

40 - 50 years? wow, are you an optimist.
I would say that if there is no collapse by 2020, at the very latest, I'll eat all your silver art bars LOL

[Neuro]

Honestly, I do not know, however, if this helps any, I will venture a guess by saying that I will NOT see $50 silver during my lifetime (currently 41 years old). Technically, I was alive in Jan. 1980 when it did hit $50 but that does not count since I was 6 years old at that time and never saw it during that time. That $49.85 intra-day high that we witnessed on April 25, 2011 will probably not get seen again in, at a bare minimum, another 31 years. More than likely, probably another 40-50 years. I think that once silver hit $8, then it might stay there for a while and make a small recovery from $8 but not anywhere close to $50 IMO. The paper fiat system will continue for a loooong time before the eventual collapse but I will not be alive to see the eventual dollar collapse since it will be about 40-50 years away IMO. I will also say that since this is my most extreme view of silver long term, I could be totally wrong on this but I doubt it. This is really an off-the wall WAG and not really a gut feeling per se. So DYODD.

In the meantime, I will just continue to collect and fondle '70's silver art bars. :)
You don't believe there was a fundamental reason for the rise of PM's in between 2000-2011? Or do you feel that those fundamentals changed/went away since then?

[gunDriller]

http://data.cnbc.com/quotes/.DXY/tab/2

There's a good chart for the USD index here.

I mention it because I've been reading Dan Norcini when, in between bashing those who say the market is manipulated, he takes time to point out correlations between
* Euro Weakness
* USD index strength
* copper, oil, and other commodity prices.

to explain PM price movements.


USD is approaching a 9-year high. According to the model presented by Norcini, this creates headwinds for PM prices. Looking back at the peak then -

Nov. 1 2005 ... USD @ 91.07

Nov. 1 2005 ... USD @ 91.57

Dec. 1 2005 ... USD @ 91.17


So today, right now, it's USD @ 91.10 for the first trading day of 2015.

I think the Strong Dollar Policy Cartel will be drinking champagne tonight.

[1970 silver art]

40 - 50 years? wow, are you an optimist.
I would say that if there is no collapse by 2020, at the very latest, I'll eat all your silver art bars LOL

That will be nearly impossible to do since I have so many of them after collecting them for 6+ years. :)

[1970 silver art]

You don't believe there was a fundamental reason for the rise of PM's in between 2000-2011? Or do you feel that those fundamentals changed/went away since then?

I think that the rise of PM's was more of a "market cycle" than anything else IMO. I put market cycle in quotes because being the paper shorts are in control of this metals market. I do not think that those fundamentals changed nor that they went away but, as was implied in another post on this thread, the banking cartel "house" has more than enough "cards" to push it down further and I think that is what will happen and that why I have this gut feeling that silver (and gold) will go down further from here. They can change the rules anytime they want. Besides, the gov't funny numbers (job reports, PPI, CPI, etc.) can be and are manipulated to make the economy look better than what it really is and therefore create a perception that gold and silver are not needed since there is "no inflation" or "low inflation" and that the economy is "great". This is the only reason that I can think of since I cannot back up my gut feeling with anything substantial.

[Sparky]

http://data.cnbc.com/quotes/.DXY/tab/2

There's a good chart for the USD index here.

I mention it because I've been reading Dan Norcini when, in between bashing those who say the market is manipulated, he takes time to point out correlations between
* Euro Weakness
* USD index strength
* copper, oil, and other commodity prices.

to explain PM price movements.


USD is approaching a 9-year high. According to the model presented by Norcini, this creates headwinds for PM prices. Looking back at the peak then -

Nov. 1 2005 ... USD @ 91.07

Nov. 1 2005 ... USD @ 91.57

Dec. 1 2005 ... USD @ 91.17


So today, right now, it's USD @ 91.10 for the first trading day of 2015.

I think the Strong Dollar Policy Cartel will be drinking champagne tonight.

FYI, on November 1, 2005, the spot price of gold was $460.

[Sparky]

40 - 50 years? wow, are you an optimist.
I would say that if there is no collapse by 2020, at the very latest, I'll eat all your silver art bars LOL

How will we be able to tell when the dollar has collapsed?

[Sparky]

Honestly, I do not know, however, if this helps any, I will venture a guess by saying that I will NOT see $50 silver during my lifetime (currently 41 years old). Technically, I was alive in Jan. 1980 when it did hit $50 but that does not count since I was 6 years old at that time and never saw it during that time. That $49.85 intra-day high that we witnessed on April 25, 2011 will probably not get seen again in, at a bare minimum, another 31 years.
...

It would be very unusual for a bull market cycle of any kind to be completed without the previous highs being taken out decisively. I suspect we will see silver somewhere $75-$150 in the next 10 years.

The only hesitation on this is that the 1980 silver high was somewhat artificial due to the Hunt Brothers. However, it has been established as a psychological target (and precious metals prices are very dependent upon sentiment), so I think it will be taken out decisively.

[crimethink]

How will we be able to tell when the dollar has collapsed?

When it is replaced by another fiat currency.

[Sparky]

How will we be able to tell when the dollar has collapsed?


When it is replaced by another fiat currency.

In that case, there is virtually no chance of a collapse by 2020.

[gunDriller]

How will we be able to tell when the dollar has collapsed?

when the issuing government expends extraordinary measures (fraud, huge military, precious metal & currency price manipulation) to make it look as if it has value ... that's a sign of collapse.


collapsed ... past tense ? i can't see the US changing the name of its currency. so 'collapsed' implies an end of the US, or perhaps a post-secession dollar. e.g. if Texas seceded.


what does collapse mean ? how much value would it have to lose (e.g. 99% since 1913 good enough).

[crimethink]

In that case, there is virtually no chance of a collapse by 2020.

That is probably true. But do keep in mind there is a "universal currency" already functioning:

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=XDR

It could be debuted as a new public "currency" at any time.

[Sparky]

That is probably true. But do keep in mind there is a "universal currency" already functioning:

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=XDR

It could be debuted as a new public "currency" at any time.

Special Drawing Rights have been around for a long time. They are controlled by the IMF, which is controlled by the U.S. So it's not going to be that.

[crimethink]

Special Drawing Rights have been around for a long time. They are controlled by the IMF, which is controlled by the U.S. So it's not going to be that.

"It could be debuted as a new public "currency" at any time."

[Sparky]

"It could be debuted as a new public "currency" at any time."

Yes, I understand you know they are not new. But I'm saying that such a debut would not take place if it's not in the best interest of the dollar, or would benefit the U.S. in some other way. Why would the U.S. undermine the huge advantage that is currently afforded the dollar?

[Neuro]

"It could be debuted as a new public "currency" at any time."
SDR's for the elite, buying imported goods, petrol etc. USD for the plebs...

[gunDriller]

SDR's for the elite, buying imported goods, petrol etc. USD for the plebs...

"I'll see your one Miami Condo and I'll Raise you one 11 acre Caribbean island."

Poker played with real estate for the elite, laundry money for us cannon fodder. :)

[monty]

"It could be debuted as a new public "currency" at any time."

http://www.jsmineset.com/2009/03/17/notes-on-special-drawing-rights/
Notes On Special Drawing RightsPosted March 17th, 2009 at 10:58 PM (CST) by Jim Sinclair (http://www.jsmineset.com/author/jimsinclair/) & filed under General Editorial (http://www.jsmineset.com/category/generaleditorial/).
Dear CIGAs,
This is going to be interesting as the IMF does not have the power to create money like central banks do.
I had the privilege of writing the speech many years ago when SDRs were first introduced. The same problem with SDRs then is the same problem now – they are backed by nothing. SDRs are nothing more than pure paper and are incapable of offsetting the fear of such paper
Special Drawing Rights:
An international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries. Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs are designed to augment international liquidity by supplementing the standard reserve currencies.
Investopedia Says:
You can think of SDRs as an artificial currency used by the IMF and defined as a "basket of national currencies". The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries’ governments
More… (http://www.answers.com/topic/special-drawing-rights)
Basically an SDR is an accounting transaction with an index mix of currencies originally devised to replace gold settlement of trade transactions with a faux currency unit.
Forget the media PR. Today it is in anticipation of large dollar and/or US treasury international sales hoping that rather than flooding the market with dollars in exchange for Euros, Swiss Francs, Cando’s and so on that SDRs would be sought after.
The problem with this reasoning is the same as it was at its last big introduction over 35 years ago. It is paper, worse an index against swaps, that lacks the ability to attract confidence required as we move into a hyperinflationary world. This was the meat of the objecting speech on the Senate floor more than 35 years ago and is the weakness today.
This is not in any way anti-gold even if it is advertised as paper gold as it was 35 years ago.
SDRs were another scheme that gave birth to gold going from $40 to $887.50. They flopped then (they did not form the international single currency then) and will fail again. Their only impact is short term based media and governmental hype.
It is clear that there is no practical solution to this global OTC derivative meltdown. SDRs exposed the fact that our financial leaders are now flailing in the breeze. They would be well advised to devise anything new rather than seek to recreate a failure.
If used for quantitative easing it would indicate the introduction of Zimbabwean style confetti money.
IMF poised to print billions of dollars in ‘global quantitative easing’
The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.
By Edmund Conway
Last Updated: 9:07AM GMT 16 Mar 2009
Alistair Darling and senior figures in the US Treasury have been encouraging the Fund to issue hundreds of billions of dollars worth of so-called Special Drawing Rights in the coming months as part of its campaign to prevent the recession from turning into a global depression.
Should the move, which is up for discussion by the summit of G20 finance ministers this weekend, be adopted, it will represent a global equivalent of the Bank of England’s plan to pump extra cash into the UK economy.
However, economists warned that the scheme could cause a major swell of inflation around the world as the newly-created money filters through the system. The idea has been suggested by a number of key figures, including billionaire investor George Soros and US Treasury adviser Ted Truman.
Simon Johnson, former chief economist at the IMF, said: "The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them.
"The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary."
Simon Johnson, former chief economist at the IMF, said: "The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them.
"The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary."
More… (http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-poised-to-print-billions-of-dollars-in-global-quantitative-easing.html)

[gunDriller]

one of the interesting things about all this $ denominated debt is that it
increases the demand for dollars - when the debtors need to make debt
payments.

it's an amazing scam.

[madfranks]

Single digit silver before years end.

[1970 silver art]

Single digit silver before years end.

I agree with you on single digit silver coming but I think that it will be more drawn out into 2017. As I have mentioned in the past, my gut feeling says $8 silver will occur on or before March 2017. If silver did hit single digits this year, it would not surprise me at all but it is not likely. I am thinking silver will finish between $13.75 and $14.50 on December 31, 2015 on its way to eventually hitting $8.00. We will see.

[1970 silver art]

one of the interesting things about all this $ denominated debt is that it
increases the demand for dollars - when the debtors need to make debt
payments.

it's an amazing scam.

Investors and others will go to the dollar whenever a crisis happens. I do see the USD index continuing its rally to 95 to maybe go as high as 101 with some pullbacks. That would be bad for metals which seem to be going up along with the dollar but will not last IMO.

[1970 silver art]

It would be very unusual for a bull market cycle of any kind to be completed without the previous highs being taken out decisively. I suspect we will see silver somewhere $75-$150 in the next 10 years.



Down to $8.00 before $75-100 but I will not be alive to see $75-$100 silver since that will take many decades IMO for that to play out and I will be long dead when that time comes. JMHO.

[Hitch]

Am I the only guy with his spidey senses tingling?

Silver, down. Oil, down. Dollar, Up. DOW, up. This is all wrong, and they hit folks when we feel complacent. If you feel complacent, and comfortable, you are a target and in danger.

Collapse this year, imo. It's coming, we all know it. The fundamentals prove it, we just disagree on when...that's all.

Silver over $100 by end of summer. My call.

[1970 silver art]

Am I the only guy with his spidey senses tingling?

Silver, down. Oil, down. Dollar, Up. DOW, up. This is all wrong, and they hit folks when we feel complacent. If you feel complacent, and comfortable, you are a target and in danger.

Collapse this year, imo. It's coming, we all know it. The fundamentals prove it, we just disagree on when...that's all.

Silver over $100 by end of summer. My call.

The fundamentals will eventually "win" in the end but not anytime soon IMO. As long as JPM and the banking cartel have control of the paper markets, then it will continue to go down whenever they want it to.

No collapse, Paper rules (in the distant future), and the Dollar is going to hang around a little while longer.

[Santa]

Paper's gonna burn, heads are gonna roll and avatars are gonna smoke like overheated capacitors at a Recreational Pot Convention.

[1970 silver art]

Paper's gonna burn, heads are gonna roll and avatars are gonna smoke like overheated capacitors at a Recreational Pot Convention.

Yep the paper pushers are apparently smoking weed. :)

[gunDriller]

Yep the paper pushers are apparently smoking weed. :)

How about some pictures of Silver Art Bars ? :)

[1970 silver art]

How about some pictures of Silver Art Bars ? :)

If I find any really good '70's silver art bars in 2015, then I will post them here if I have the time to do so.

[Silver Rocket Bitches!]

I don't think the metals are going to do squat while oil prices are this low. If it gets to $40 I'm going in.

[1970 silver art]

How about some pictures of Silver Art Bars ? :)


If I find any really good '70's silver art bars in 2015, then I will post them here if I have the time to do so.

As promised...............

I did buy some '70's silver art bars during the 1st month of 2015 and they are (from top pic to bottom pic):

1.) 1974 Music City Mint "Ryman Auditorium" - Paid $17.50 for it from a dealer at a local flea market.

2.) 1973 USSC "Freemasonry" - Paid $18.00 for it at a coin show

3.) 1972 Madison Mint "The General" (error version) - Paid $17.00 for it from a LCS

4.) 1972 Mother-Lode Mint "The Prospectors" - Paid $17.00 for it from a LCS

I actually bought a total of 10 silver art bars to start 2015 on a good note but I decided to post these 4 bars because those were my 4 best silver bars of the 10 that I purchased in this first month of 2015. Of the 4 below 4 bars pics that I posted, the 1974 Music City Mint "Ryman Auditorium" is the best purchase that I made so far in 2015. The reason that I say this because only 100 of the Ryman Auditorium were minted and they are very hard to find anywhere and usually sell for very high premiums on ebay. I felt luck to buy it for only .999 generic silver premium.

I also want mention that the "Error version" of this Madison Mint "The General" silver art bar was one of the very first silver art bars that I bought in August 2008 when I started out as a silver art bar collector and I paid $17.00 for it at that time in August 2008 when spot was in the $13's. When spot got into the $40's 3 years later, I sold it for a profit to concentrate on buying much rarer bars at that time. When I saw this bar yesterday on a trip to one of the LCS's, I decided to buy it again since he only wanted $17.00 for it (spot was $16.52 on that day) and the common '70's silver art bars are much harder to find now than in 2008. That worked out well for me and I came full circle on this particular '70's silver art bar.

Here are the pictures of the 4 bars that I bought in 2015:

EDIT: You have to click on the pictures to get a closer look at them. I forgot about mentioning that.

[crimethink]

Here are the pictures of the 4 bars that I bought in 2015:

That Masonic one is interesting. Especially the slogan on it.

[1970 silver art]

That Masonic one is interesting. Especially the slogan on it.

During my 6+ year of hunting for '70's silver art bars, I do not see many of those despite the official mintage of 10,000. 10,000 mintage on an old silver art bar like that is considered a large mintage. I am guessing that a lot of those got melted down during the Big Melt.

[gunDriller]

please PLEASE please PLEASE

let's see Silver swan dive 12%, back into the 15's.


is there some kind of Rain Dance i can do, to move the prices ?


https://www.youtube.com/watch?v=0WNLLNxURt4


or does this make the Precious Metal Gods - and the Rain Gods - upset ?

if we ALL do the Precious Metal rain dance - might the Precious Metal Gods
and the Rain Gods get confused - and let it Rain Silver Eagles ?


if it can rain Pennies, it can rain Silver Eagles.


https://www.youtube.com/watch?v=6E6jggkbkaA

[Neuro]

During my 6+ year of hunting for '70's silver art bars, I do not see many of those despite the official mintage of 10,000. 10,000 mintage on an old silver art bar like that is considered a large mintage. I am guessing that a lot of those got melted down during the Big Melt.
Masons melting Masonic silver bars? No way José(y)! They keep them!

[Neuro]

That Masonic one is interesting. Especially the slogan on it.
Masonry
World's oldest dedicated service to mankind

[1970 silver art]

Masons melting Masonic silver bars? No way José(y)! They keep them!

I am pretty sure that the masons kept their bars but I suspect that the people who were running the smelters during the late 70's/early '80's "big melt" were not masons. Just a WAG on my part.

[1970 silver art]

The 2014 intra-low for silver ended up being $14.09. Needless to say, it has been a down year for the DOG with it deep in the red. Will it get better for 2015? Answer (my opinion): No.

My take on silver in 2015:

I think that the 1st quarter of 2015 could see a rally from $16 to as high as $20 during the 1st QTR 2015.........................

So far, this part of my gut feeling appeared to be playing out for silver. The intra-day high for silver for 2015 (so far) is $18.58 (established on January 21, 2015). The $18.50's level for silver seems to be the resistance level at the moment, however, with the recent $1+ smackdown in silver and the following recovery to $17.23, it will have a way to go before hitting the $18.50's resistance. The CME raising margin by 11% on silver is an interesting move to me IMO since silver is no where near $50 like it was in early 2011. Perhaps CME is trying to prevent silver from reaching $20. Just a WAG on my part.

I still think that it is possible for silver to make another run at the $18.50's level before it resumes its downturn and establish a "lower low" later this year. We will see.

[Neuro]

I am pretty sure that the masons kept their bars but I suspect that the people who were running the smelters during the late 70's/early '80's "big melt" were not masons. Just a WAG on my part.
Maybe not, but which Mason would sell their Mason bar for smelting for $45? If they even could pinpoint the market high. My bet is very few of these were melted, possibly a widow jealous of her late husband spending more time at the lodge than at home, would rather sell it to a smelter at a discount than a Masonic brother at a premium, but she would probably just drop it in a rather deep lake or a volcano, with the off chance the smelter was a mason too... ;D

[1970 silver art]

Maybe not, but which Mason would sell their Mason bar for smelting for $45? If they even could pinpoint the market high. My bet is very few of these were melted, possibly a widow jealous of her late husband spending more time at the lodge than at home, would rather sell it to a smelter at a discount than a Masonic brother at a premium, but she would probably just drop it in a rather deep lake or a volcano, with the off chance the smelter was a mason too... ;D

The main point here is that we do not really know. We really do not know the following: 1.) How many were melted down during the late '70's/early '80's Big Melt since there are no numbers and 2.) We really do not know if the smelters were masons or not. Maybe they were or maybe they were not.

Silver art bars were big during the 1970's especially 1973 and 1974 since those were the years that a lot of the bars were minted by many different private mints and people bought silver art bars for different reasons with the main one being for collections purposes. Not all of them are masons. It is really no different this time than in the '70's IMO because silver art bars are in demand especially the old ones from the '70's. I am not a Mason but I bought the Mason bar because 1.) It has my birth year of 1973 on it, 2.) they are hard to find (even on ebay) and 3.) I paid only $18.00 for it.

Some facts that I know based on the guidebook and my past observations relating to the 1973 USSC Freemasonry bar:

1.) 10,000 were officially minted by United State Silver Corporation (USSC)

2.) Out of all of the coin shows that I attended from Aug. 2008 to January 2015, I have seen only two 1973 USSC Freemasonry silver art bars in which the 2nd time that I saw it, I paid $18.00 for it just to have it in my collection even though I am not a Mason.

3.) I have seen (and still see) some on ebay selling for between $35 to $50 but I do not see very many of them despite the large number of 10,000 that were minted back then.

Based on the three points that I mentioned regarding this particular '70's silver art bar, I will agree that the masons who bought them in 1973 probably did not sell them and still have them as keepsakes so I will agree with this. However, with a relatively large mintage of 10,000 then some had to get melted down during the Big Melt. So out of 10,000 one could say that 1.) some got melted down during the Big Melt (or maybe before that on ones that they did not sell) but do not know how many, 2.) some are still in the hands of masons that will keep them and never sell them in the open market, 3). Collectors back then and now (such as myself) who are not masons still bought them for various reasons that had nothing to do with Freemasonry.

It is interesting that you brought this up because I spoke to various dealers who have been in the metals business for a long time and a couple of them that were in business during that 1978-1982 time were getting lots and lots of silver art bars and were sending a lot of them to the smelter to destroy them because a lot of people where selling them during the blow off top of 1979/1980. That is why they are not many of them around relative to SAE's or regular .999 silver bullion. Most of the ones that survived that Big Melt are in the hands of collectors and they are much harder to find now especially when silver is this low.

[Neuro]

Keep your $18 Masonic art bar, Josey, with you at all times, it's like one of the get out of jail free cards in the monopoly game, if you're arrested present it to the Masonic police officer or judge and he will release you immediatelly...

[1970 silver art]

Keep your $18 Masonic art bar, Josey, with you at all times, it's like one of the get out of jail free cards in the monopoly game, if you're arrested present it to the Masonic police officer or judge and he will release you immediatelly...

I plan to keep it anyway since, based on my past experience and observations, I will not see it again for a while for .999 generic silver premiums. As for showing it to the "Masonic police officer if getting arrested..................That could add additional criminal charges of "Illegal possession of '70's silver art bars" and "Impersonating a Mason" and those two charges could throw me in the slammer for life. Hahahahahaha!!!!!! :)

[1970 silver art]

A new low for silver for 2015 (so far)........... $14.59 (Intra day). Getting closer to breaking the 2014 low of $14.09. 15.80 seems to be the new resistance level for silver atm.

[EE_]

A new low for silver for 2015 (so far)........... $14.59 (Intra day). Getting closer to breaking the 2014 low of $14.09. 15.80 seems to be the new resistance level for silver atm.

This is it! When this bottoms, it's a monster buy!

[1970 silver art]

This is it! When this bottoms, it's a monster buy!

Still a long way to go down to $8.00 silver. There is more downside to go for silver imo.

[Hitch]

How come when ever silver art shows up on the forum...the price of silver completely tanks. Drops off a cliff.

Way to go, Art! :)

[1970 silver art]

How come when ever silver art shows up on the forum...the price of silver completely tanks. Drops off a cliff.

Way to go, Art! :)

HAHAHA!!!! I think that this is the first time that I became a conspiracy on the forum. I guess that could be either good news or bad news depending on your point of view on silver. :)

[Neuro]

HAHAHA!!!! I think that this is the first time that I became a conspiracy on the forum. I guess that could be either good news or bad news depending on your point of view on silver. :)
First time? You forgot I suggested you of being Blythe Masters? :) Blythe? Razor sharp analysis re turning points masqueraded as gut feelings, selling tons short while pretending to be a nibbling 70's art bar collector... Hahaha!

[1970 silver art]

First time? You forgot I suggested you of being Blythe Masters? :) Blythe? Razor sharp analysis re turning points masqueraded as gut feelings, selling tons short while pretending to be a nibbling 70's art bar collector... Hahaha!

Actually I remember that now especially the part about some of my gut feeling predictions being right including the part about me winning the TP bet with Ponce. :) However, the part about me being Blythe was debunked by the mere facts that 1.) I do not know how to short sell anything and 2.) Blythe hates '70's silver art bars. :)

[Neuro]

Actually I remember that now especially the part about some of my gut feeling predictions being right including the part about me winning the TP bet with Ponce. :) However, the part about me being Blythe was debunked by the mere facts that 1.) I do not know how to short sell anything and 2.) Blythe hates '70's silver art bars. :)
1) Sure you do, prove to us you don't! :)
2) Proof that you are Blythe w/o a doubt then! Further it is in your signature that you PRETEND to be a 70's silver art bar expert on the internet!

When would you say your $8 silver prediction is coming, later this year, or next? Just your "gut feeling", nothing else "Blythe"... And I don't mind if you're specific re dates Miss Masters. I think I may invest in some options!

[1970 silver art]

1) Sure you do, prove to us you don't! :)
2) Proof that you are Blythe w/o a doubt then! Further it is in your signature that you PRETEND to be a 70's silver art bar expert on the internet!

When would you say your $8 silver prediction is coming, later this year, or next? Just your "gut feeling", nothing else "Blythe"... And I don't mind if you're specific re dates Miss Masters. I think I may invest in some options!

Hey Neuro, you are funny. I like your sense of humor but I will play along with this because it is funny. I will start with #2 first. I mentioned in my sig that I am not a '70's silver art bar EXPERT but try my best to play one on the internet which that is accurate. In real life, while I am a '70's silver art bar collector, BUT I am NOT really an EXPERT on '70's silver art bars (IMO). Even after nearly 7 years of collecting 'them, I still consider my self a student of the silver art bar hobby and I am always learning from someone. In reality, I am really a STUDENT of the '70's silver art bar hobby. That should clear up things for #2

As to #1, I do have never traded paper gold and silver and do not have plans to do so. I am a collector first and foremost and I buy what I like (currently '70's silver art bars and ATB pucks). With that said, I do not have any idea about TA, I have never created a chart to support my gut feeling even though I have been right on the direction on silver. I do not know how to read a gold and silver chart and I have never traded or shorted GLD or SLV.

With that said, I have and still do watch the gold and silver markets and over time I have gotten certain gut feelings of what direction it might go in in the short term but in my mind I cannot back it up with anything at all and that is why I have what I have in my sig line regarding my gut feeling being just that........A gut feeling. Early 2011 is a good example of that. I had a really strong gut feeling about what would happen next and I could just see what level it could possibly go down to back then and that is why I posted it like I did in early 2011 and that is why I took on a TP bet with Ponce because I knew that I would be right. I do not always have gut feelings about silver and when I do have gut feelings about silver, I am not always right. I have been wrong before. Nothing new there.

As for my current bearish viewpoint on silver, See my OP because my gut feeling has not changed. My gut feeling tells me that I will see $8 silver on or before March 2017 but (as my sig line says), I have absolutely nothing to back up my gut feeling with. So in this case people just have to DYODD.

The one indisputable fact that I can use to prove that I am not Blythe is the fact that I am a black man. Blythe is a white woman from what I have seen from the pictures of her on the intenet. If you are of the belief of "Trust but Verify", that should not be a problem since you can visit me in person in Tennessee. I welcome that.

As I mentioned I like your sense of humor and the fact that you called me Blythe is the funniest thing that I have heard in a long while. I liked playing along with you on this joke. It was fun and that is why I took the time to write out this post. I cannot believe that I forgot about being called Blythe but not posting on a regular basis here (and elsewhere online) does cause me to forget and does cause me to not keep up with what goes on here on this (and other) gold and silver forums.

Thanks for the laugh. It kind of breaks up the monotony of spending 12 hours a day at work. Thank you. Have a nice day. :) :) :)

[Neuro]

Hey Neuro, you are funny. I like your sense of humor but I will play along with this because it is funny. I will start with #2 first. I mentioned in my sig that I am not a '70's silver art bar EXPERT but try my best to play one on the internet which that is accurate. In real life, while I am a '70's silver art bar collector, BUT I am NOT really an EXPERT on '70's silver art bars (IMO). Even after nearly 7 years of collecting 'them, I still consider my self a student of the silver art bar hobby and I am always learning from someone. In reality, I am really a STUDENT of the '70's silver art bar hobby. That should clear up things for #2

As to #1, I do have never traded paper gold and silver and do not have plans to do so. I am a collector first and foremost and I buy what I like (currently '70's silver art bars and ATB pucks). With that said, I do not have any idea about TA, I have never created a chart to support my gut feeling even though I have been right on the direction on silver. I do not know how to read a gold and silver chart and I have never traded or shorted GLD or SLV.

With that said, I have and still do watch the gold and silver markets and over time I have gotten certain gut feelings of what direction it might go in in the short term but in my mind I cannot back it up with anything at all and that is why I have what I have in my sig line regarding my gut feeling being just that........A gut feeling. Early 2011 is a good example of that. I had a really strong gut feeling about what would happen next and I could just see what level it could possibly go down to back then and that is why I posted it like I did in early 2011 and that is why I took on a TP bet with Ponce because I knew that I would be right. I do not always have gut feelings about silver and when I do have gut feelings about silver, I am not always right. I have been wrong before. Nothing new there.

As for my current bearish viewpoint on silver, See my OP because my gut feeling has not changed. My gut feeling tells me that I will see $8 silver on or before March 2017 but (as my sig line says), I have absolutely nothing to back up my gut feeling with. So in this case people just have to DYODD.

The one indisputable fact that I can use to prove that I am not Blythe is the fact that I am a black man. Blythe is a white woman from what I have seen from the pictures of her on the intenet. If you are of the belief of "Trust but Verify", that should not be a problem since you can visit me in person in Tennessee. I welcome that.

As I mentioned I like your sense of humor and the fact that you called me Blythe is the funniest thing that I have heard in a long while. I liked playing along with you on this joke. It was fun and that is why I took the time to write out this post. I cannot believe that I forgot about being called Blythe but not posting on a regular basis here (and elsewhere online) does cause me to forget and does cause me to not keep up with what goes on here on this (and other) gold and silver forums.

Thanks for the laugh. It kind of breaks up the monotony of spending 12 hours a day at work. Thank you. Have a nice day. :) :) :)
Convincing...






...Almost

:) ;) :) [Wink, wink]

[gunDriller]

i have been watching Palladium more.

the price drop has got my attention. i checked with a local dealer to see if he would buy
a Palladium 1/4 and if so, how much. he said he'd pay spot.

i looked up cost of production. $564 cash cost per ounce for one of the bigger Pd producers.


when a metal sells below the cost of production, that gets my attention.

Platinum's cost of production is often cited as $1250 an ounce. with Pt at $1024, HECK !


however, industrial use of these metals is mostly for catalytic converters.


what do i think is the future demand for catalytic converters ? don't know yet.

[1970 silver art]

Another new low for silver at $14.45 (intra-day low) and a new low for gold at $1080.50 (intra day low) for 2015.

[JohnQPublic]

Very 2008-like, but without all the drama and fanfare. Maybe something is happening behind the scenes, but this time no one is blabbing about it?

[gunDriller]

Very 2008-like, but without all the drama and fanfare. Maybe something is happening behind the scenes, but this time no one is blabbing about it?

you mean on the PM front, or in general ?

in 2008, one of the primary danger signs that guided me was the market cap of Washington Mutual.

They were a very large bank, $300 Billion in Assets. They bought both banks that I belonged to. I had a safe deposit box with them - in San Diego.

On September 18, 2008, I drove down to get my stuff from the SD box. By then the market cap for WaMu was $5 billion. The day I drove down, was one of the days the stock market collapsed.

I emptied my SD box and closed it Saturday Sept. 20.

On Thursday, Sept. 25, WaMu ceased to exist. its corpse was assigned to JPMorgan Chase for $1.8 Billion.


The signs that I see now are, MASSIVE economic contraction. US maintaining its GNP numbers by doing some amazing economic contortions, i.e. hyperinflation in some (or most ?) health care markets. The one-appointment-a-year $200 routine I used to have has been replaced with something costing about $5000 - although my health care needs have not changed.

Now that's inflation.

[burningleg]

The signs that I see now are, MASSIVE economic contraction. US maintaining its GNP numbers by doing some amazing economic contortions, i.e. hyperinflation in some (or most ?) health care markets. The one-appointment-a-year $200 routine I used to have has been replaced with something costing about $5000 - although my health care needs have not changed.

Now that's inflation.

Aren't we seeing a mix of inflation and deflation today. Goods and necessities are inflating in price (or shrinkflation) if you grocery shop for your family. Then you have deflation in the financial markets as there is a run for liquidity.

[crimethink]

On Thursday, Sept. 25, WaMu ceased to exist. its corpse was assigned to JPMorgan Chase for $1.8 Billion.

That's not exactly true.

WaMu was a gravely ill bank, but possibly salvageable. JPMC saw a great opportunity. WaMu was "pushed" over the edge, and JPMC got WaMu's assets at fire-sale prices, without having to deal with the liabilities. Just another form of Jewish Lightning courtesy of the "Greek" Jamie Dimon and his friends in Jew York & Washington. WaMu investors sued because JPMC intentionally euthanized WaMu.

WaMu was despised as a "people's bank," largely because it was offering truly free checking and lower interest rates to little people, undercutting the retail divisions of megabanks.

[1970 silver art]

Gold broke $1080 on the downside. Currently at $1079.40. New low for gold in 2015 is currently at $1076.70 (intra-day). Silver made another low at $14.41 (intra-day).

[1970 silver art]

As expected, silver made a "lower low" (intraday low) when a 13 handle was spotted today. The low for silver (so far on an intraday basis) for 2015 is 13.87.

[Spectrism]

As expected, silver made a "lower low" (intraday low) when a 13 handle was spotted today. The low for silver (so far on an intraday basis) for 2015 is 13.87.


It broke the low all the way back through 2010. We have had a long-term inflation but now we are seeing a crippling deflation. The reaction of the central banks will determine if we go into a hyperinflation. I suspect the deflation will continue as many commodities are being brought down. When it turns, common people will not be able to take advantage of the low prices. They will have no money. Look through the glass into the candy store but your pockets are empty.

http://cache3.asset-cache.net/gc/135296606-boy-with-his-nose-and-hands-pressed-against-gettyimages.jpg?v=1&c=IWSAsset&k=2&d=fOqRSGnZREbdOD5U9z9THxBXC7n%2Bc%2BYo%2B5%2F75zWi jsSFCqndGiKoOTZRxZo2UGxqdSJUKjDfGSZI3EX2R3uvsR6rap %2FAYPgJqgC552gdjjA%3D

[madfranks]

It broke the low all the way back through 2010. We have had a long-term inflation but now we are seeing a crippling deflation. The reaction of the central banks will determine if we go into a hyperinflation. I suspect the deflation will continue as many commodities are being brought down. When it turns, common people will not be able to take advantage of the low prices. They will have no money. Look through the glass into the candy store but your pockets are empty.

I know I called single digit silver a while back, but I can't help but keep buying these dips as it gets lower and lower. When I'm old and my kids inherit my stash, they'll thank me.

[Spectrism]

I know I called single digit silver a while back, but I can't help but keep buying these dips as it gets lower and lower. When I'm old and my kids inherit my stash, they'll thank me.


Hard to tell what things will be like even next year.... when you are old. Remember Bill Clinton got elected selling America a "bridge to the future"? I used to laugh at the stupidity of people for embracing that stupid phrase. Well, we got our bridge to the future and the other criminals have added their hopes and changes to that evil thing. Walking over that bridge will make EVERYBODY old within the next 14 months.

Buying on a consistent basis is not bad. Hey- did I tell you I am open for adoption?

[gunDriller]

As expected, silver made a "lower low" (intraday low) when a 13 handle was spotted today. The low for silver (so far on an intraday basis) for 2015 is 13.87.

I was impressed because the Precious Metal Markets "held" today.

On Monday, and on many other previous big price drop (6%+) days, they raised their margins a LOT
after the first half hour.

I have observed that, in terms of cost per ounce delivered, $16 has been the line in the sand.

I counted maybe 4 or 5 times in the last year when you could buy Silver, 1 ounce or 10 ounce, for $16 delivered.


Seems like, they keep increasing the margin as the price range-trades lower.


Anyway, today Wednesday Provident had Ohio Precious Metals 100 ounce bars for 79 cents over spot. When the price dropped into the $13's, you could buy Silver for about $14.70 an ounce - if you bought the OPM 100 ouncer.

As the day wore on, they increased the spread to 95 cents.

When I say the markets 'held', I mean, today I didn't see the "panicky response" when the dealers hike margins from $1 an ounce to $1.50 an ounce, to protect themselves.


2 Notes about the OPM 100 ouncer -
* some coin dealers don't like OPM because OPM does not always treat their own suppliers well. e.g. coin dealer buys scrap, OPM under-pays.

OPM competes with companies like NTR. If you go to a website like goldrefiningforum.com, where some of the members actually make their living buying scrap and refining it and re-selling that ... well OPM is 100% recycled. They just squeeze their suppliers.

Sort of sounds like how Walmart squeezes their suppliers.

So basically one LCS told me he doesn't like OPM, after I had sold him a few OPM rounds over the months. Since I don't want him to frown if I walk in there with a 100 ounce OPM to sell ...

* OPM's 100 ounce bar is the form factor (extruded & stamped bar) that has gotten counterfeited with lead inserts. Though it was Engelhard or JM bars that were reported on in the counterfeit report. It's the same shape. Who wants to be sitting on some 100 ounce bars they thought were "such a good deal" ... the day after (or week or month after) a news article comes out in numismatic or mainstream media.


But overall what I got to say is FAR FVCKING OUT !!!! :)

Silver, Delivered, for $15.78 an ounce ! Woo hoo baby ! It's like going back in time.

[Spectrism]

I picked up some items from a dealer/ auctioneer at a yard sale. He was pretty good about selling off some things reasonably priced. I bought at about $15/oz except for a numismatic Morgan CC.

Loot included:

$21-face of silver quarters (at $11 per $1face) = $231. [16.8 toz x 0.9 = 15 toz pure silver]

$150 for 10 toz-
3 christmas art rounds: 1997, 1990, unyrd
1 christmas art bar 1993
1 NWT Mint bar
1 Silvertowne bar

$35 for 4 oz of sterling pieces

$10 for a 20grm South African art bar
$11 Morgan dollar (because I used my last dollar in my wallet and he included it with the CC Morgan.
$40 Morgan 1878-CC

Total spend- $477. I didn't know I had that much in my wallet. If I had more I would have bought more.

I really want to see silver drop well under $14 for a time so that the physical price will drop.

[Neuro]

$35 for 4 oz of sterling pieces

Damn! That is less than $10/oz of pure silver. It's always good to have a wad of cash with you. You never know when a bargain will show up!

[1970 silver art]

The 2014 intra-low for silver ended up being $14.09. Needless to say, it has been a down year for the DOG with it deep in the red. Will it get better for 2015? Answer (my opinion): No.

My take on silver in 2015:

I think that the 1st quarter of 2015 could see a rally from $16 to as high as $20 during the 1st QTR 2015 before silver resumes its down trend to another "lower low" in 2015 before a small recovery at the end of 2015. I see silver ultimately breaking $14.09 on the downside. My gut feeling says a "lower low" in the $11.50-$12.50 range sometime in the Summer months (between late June to late August). I think that silver could finish 2015 somewhere between $13.50 and $14.75 on December 31, 2015.

As always, this is just my gut feeling talking to me and I do not have any charts, fundamentals or anything else of worth to back up my gut feeling. DYODD.

UPDATE (November 28, 2015): I was just revisiting my OP and here where I stand on silver (and gold):

Silver is closed last Friday (Nov. 27) at $14.09. First off I wanted to state that I was wrong on a $11.50-$12.50 low being reached during the Summer months of 2015. The low that was reached in August was $13.87 (Intra-day low Kitco quote) before bouncing back to the $14's. At the moment, the temporary low for silver (intra-day) is $13.84 which was reached on Nov. 24 and happens to be the intra-day low for 2015 (so far).

Gold is at a 2015 low of $1051.60 (intra-day Kitco quote) which was reached last Friday (Nov. 27, 2015).

My take on silver right now is this.............Once silver failed to hold $16, then it was no surprise to me that silver was continuing another downleg. $16 silver was the $35 silver in Sept. 2012. As long as gold continues to fall (and possibly break $1000 on the downside before year-end), then silver will also continue to follow gold's lead down and eventually break the temporary $13.80's support and hit a $12 handle by the end of this year.

I am still standing by my statement of silver finishing between $13.75 and $14.75 that I made in my above original post, however, I could end up being very wrong on this and silver could end up with a $12 handle near the end of the year if silver does not make a significant bounce of the $13.80's temporary support level.

With all of that said, overall, my gut feeling is still telling me that silver will be $8 on or before March 2017. :) The bear market in silver continues on..............

[Spectrism]

It's possible.... I think it will depend entirely on financial policy. The dirty bankers / fed/ gov will send us through some roller coaster rides of deflation / stagflation / inflation. The crimex makes true price discovery impossible from the paper side. International money in the wealthy hands top 1% hands could buy up every ounce of silver and gold in one day making their prices increase tenfold. But pricing may not matter with a failed currency.

I am still holding that the paper price will go to $13.21, but I think the bottom will be reached before mid March 2016. Somewhere in the February-May 2016 timeframe we will see a new kind of hell breaking out with wars- internal and external- getting very ugly.

[1970 silver art]

Silver closed today's trading day (Dec. 2, 2015 at 5:15 PM Kitco) at $13.97. A first sighting of the $13-handle at trading close since..................2009???? So far, silver seems to still bounce off the $13.80's support level ($13.83 is the 2015 Intra day low according to Kitco). A retest of the $13.80's will continue.................... Currently at $13.95. 12 cents from the low (intra-day) of the year of $13.83.

[1970 silver art]

New 2015 lows made today (Dec. 2) for gold and silver:

Silver = $13.73 (intra-day)

Gold = $1045.40 (intra-day)


Next stop for gold..........sub $1000. Next stop for silver.........$12's range going into early 2016.

[1970 silver art]

The 2014 intra-low for silver ended up being $14.09. Needless to say, it has been a down year for the DOG with it deep in the red. Will it get better for 2015? Answer (my opinion): No.

My take on silver in 2015:

I think that the 1st quarter of 2015 could see a rally from $16 to as high as $20 during the 1st QTR 2015 before silver resumes its down trend to another "lower low" in 2015 before a small recovery at the end of 2015. I see silver ultimately breaking $14.09 on the downside. My gut feeling says a "lower low" in the $11.50-$12.50 range sometime in the Summer months (between late June to late August). I think that silver could finish 2015 somewhere between $13.50 and $14.75 on December 31, 2015.

As always, this is just my gut feeling talking to me and I do not have any charts, fundamentals or anything else of worth to back up my gut feeling. DYODD.

The above post is my OP that I wrote exactly a year ago on December 31, 2014. As I expected, silver finished in the red for this year when it finished at $13.82 to end 2015. That was within the $13.50 to $14.75 range that I stated in the above OP quoted OP post. The 2015 intra-day low for silver was $13.55 which was set on December 14, 2015 which missed my 2015 projected low of between $11.50 to $12.50.

As for 2016 silver prices, I am not going to make any specific price targets but it will continue to go down from here and I will end by saying the following:

My gut feeling is still telling me that silver will go down to $8 on or before March 2017. Just my gut feeling and I have nothing to back it up with.

Happy New Year. :)

[Dogman]

The above post is my OP that I wrote exactly a year ago on December 31, 2014. As I expected, silver finished in the red for this year when it finished at $13.82 to end 2015. That was within the $13.50 to $14.75 range that I stated in the above OP quoted OP post. The 2015 intra-day low for silver was $13.55 which was set on December 14, 2015 which missed my 2015 projected low of between $11.50 to $12.50.

As for 2016 silver prices, I am not going to make any specific price targets but it will continue to go down from here and I will end by saying the following:

My gut feeling is still telling me that silver will go down to $8 on or before March 2017. Just my gut feeling and I have nothing to back it up with.

Happy New Year. :)

Back at you on the new year..

[madfranks]

The above post is my OP that I wrote exactly a year ago on December 31, 2014. As I expected, silver finished in the red for this year when it finished at $13.82 to end 2015. That was within the $13.50 to $14.75 range that I stated in the above OP quoted OP post. The 2015 intra-day low for silver was $13.55 which was set on December 14, 2015 which missed my 2015 projected low of between $11.50 to $12.50.

As for 2016 silver prices, I am not going to make any specific price targets but it will continue to go down from here and I will end by saying the following:

My gut feeling is still telling me that silver will go down to $8 on or before March 2017. Just my gut feeling and I have nothing to back it up with.

Happy New Year. :)

Wow, you are the silver prophet! Now tell us, what do you see for 2016?

[1970 silver art]

Wow, you are the silver prophet! Now tell us, what do you see for 2016?

Honestly speaking, I do not have any specific price targets for 2016. I do expect some dead cat bounces throughout 2016 for silver but the overall trend is still down. I am still bearish on silver and my gut feeling is still telling me that silver will go down and hit $8 on or before March 2017.

[Neuro]

Honestly speaking, I do not have any specific price targets for 2016. I do expect some dead cat bounces throughout 2016 for silver but the overall trend is still down. I am still bearish on silver and my gut feeling is still telling me that silver will go down and hit $8 on or before March 2017.

A year ago I would have said you are mad (I probably did). But seeing how it has been trading the last year, and premiums not very high with availability at these prices, I think it is entirely possible you are correct. You are a master! Happy New Year!

[Spectrism]

There are many things to influence price. Things can get messier than rational minds can imagine.

dollar value /devalue
wars
population /depopulation
political games- legislation / confiscation


What would gold or silver be worth when half the population is wiped out?

[Neuro]

There are many things to influence price. Things can get messier than rational minds can imagine.

dollar value /devalue
wars
population /depopulation
political games- legislation / confiscation


What would gold or silver be worth when half the population is wiped out?
How much bread would an ounce of gold buy, if there is one loaf of stale bread in a mile radius and nothing else to eat?

[Hitch]

How much bread would an ounce of gold buy, if there is one loaf of stale bread in a mile radius and nothing else to eat?

At that point, there is no price for PM's as everyone is just trying to survive. There wouldn't be a dollar either, just barter. When I read Silver Art's $8 prediction for 2017, that means things are getting better, not worse. That means a strong dollar, a strong economy. Personally, I welcome low PM prices. I can buy more. Plus, it means there's no 'doom' on the horizon. A few more years to keep getting more prepared is always a good thing.

[Spectrism]

At that point, there is no price for PM's as everyone is just trying to survive. There wouldn't be a dollar either, just barter. When I read Silver Art's $8 prediction for 2017, that means things are getting better, not worse. That means a strong dollar, a strong economy. Personally, I welcome low PM prices. I can buy more. Plus, it means there's no 'doom' on the horizon. A few more years to keep getting more prepared is always a good thing.


Not necessarily. The financial system is total fraud. It won't get better any more than a rotting carcass will get healthier. Life is gone from the financial system and it is truly now just a zombie monster animated by cocaine and electric shocks. Its face is painted with cosmetics and air freshener is liberally sprayed to keep the people from smelling its putrescence.

The dollar is encumbered with $20trillion of debt it can never pay back. The people controlling the system are evil like an infection. They hate people and plan to wipe out more than 5 billion of them. Lies are just one small part of their tool kit, which they use incessantly, insidiously and increasingly.

When people are starving, there will rarely be opportunity for barter. Barter is a civilized practice among healthy and well-meaning people. Societal morality has been debased to God-less elevation of self above all other things. Might is right and right is wrong. Even on this forum we can see the psychological makeup of those who think they do good and right but will cut your throat when the times get tough.

I thought it would have happened a couple years ago, but the stage was still being set. Hell is about to break loose in the western world and it won't be like anything we have ever seen before. Picture yourself in Iraq right now. Or maybe Libya. The devils have stirred those places and you can see what they leave by their handiwork.

The controlling devils will be corralling up the herds. Noncompliance will meet with instant slaughter and those that comply will be slaughtered later. Gold and silver will not be for commoners.

Timing. Assets will be useful at key times and worthless at others. Pray for wisdom.