Gold/Silver price outlook

[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?