The Gold Price for the Next 16 Years

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Originally Posted by gunDriller

the Cartel worked very hard to push silver into the $27's and gold below $1600.

looks like they've been resting recently.

next week is options expiry.

i think they'll make another push, and try to get gold down to $1620 and silver back to the $28's.

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I think that it is certainly possible for silver to go back down and retest the $26 support level between now and year's end. If silver ever made another run to $50, then margin rates would get raised and the JPM shorts would just smack silver back down if/when it got in the high $48/low $49 range. This would be a replay of last year if silver got that high.

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Originally Posted by 1970 silver art

I think that it is certainly possible for silver to go back down and retest the $26 support level between now and year's end. If silver ever made another run to $50, then margin rates would get raised and the JPM shorts would just smack silver back down if/when it got in the high $48/low $49 range. This would be a replay of last year if silver got that high.

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i wouldn't be surprised to see them let the next Fed meeting go by - with no announcement of QE3.

then they do a raid, though i'm not sure they could get it back to $26.50-ish.

THEN they announce QE3.


all part of the "Strong Dollar Policy" Machiavellian Chicanery that constitutes economic policy in the USA.

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Originally Posted by gunDriller

i wouldn't be surprised to see them let the next Fed meeting go by - with no announcement of QE3.

then they do a raid, though i'm not sure they could get it back to $26.50-ish.

THEN they announce QE3.


all part of the "Strong Dollar Policy" Machiavellian Chicanery that constitutes economic policy in the USA.

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Maybe silver would pull back to the $30-$31 range and if the European crisis takes a turn for the worse (i.e. Italy), then I could see silver going down further and testing the $26 support level. It could possibly break $26 on the downside if the European Crisis takes another turn for the worse (i.e. Greece). The Euro crisis is the main wild card in terms of what silver will do in the near future IMO. If the U.S. goes into another recession, that could lower industrial demand for silver and put downward pressure on the silver price. However, If silver continues to rally from here and it gets closer to $50, then it will get smacked down by the JPM shorts and it will not close above and hold $50. It would be a repeat of 2011 and to be very honest with you, I do not see silver hitting and holding $50 (or higher) before 2015. Just my gut feeling speaking to me on silver.

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Originally Posted by 1970 silver art

Maybe silver would pull back to the $30-$31 range and if the European crisis takes a turn for the worse (i.e. Italy), then I could see silver going down further and testing the $26 support level. It could possibly break $26 on the downside if the European Crisis takes another turn for the worse (i.e. Greece). The Euro crisis is the main wild card in terms of what silver will do in the near future IMO. If the U.S. goes into another recession, that could lower industrial demand for silver and put downward pressure on the silver price. However, If silver continues to rally from here and it gets closer to $50, then it will get smacked down by the JPM shorts and it will not close above and hold $50. It would be a repeat of 2011 and to be very honest with you, I do not see silver hitting and holding $50 (or higher) before 2015. Just my gut feeling speaking to me on silver.

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You have made some remarkably accurate predictions in the past, but this time you are wrong, silver will surpass $50 next year (I don't think this year is likely), as gold surpasses $2000...

But silver art has a point, whats to say that they wont hike margins again like they did last time. What was it, four out of 6 days they hiked margins? I would imagine they could do that again at blow the whole rally up again, just like in 2011 and 2008.

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Originally Posted by optionT

But silver art has a point, whats to say that they wont hike margins again like they did last time. What was it, four out of 6 days they hiked margins? I would imagine they could do that again at blow the whole rally up again, just like in 2011 and 2008.

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Sure they will, but fundamentals will make sure that there will be higher highs and lows in the future. The rulers are after all money printers not gold diggers!