I expect the NYC corrupt boys to hit us and hit us hard right now. Good thing we have a dollar to spare before we go red. Who knows where we will end the day, but it looks like that sucking sound is getting closer and closer.
Brace for impact
What are they on?
31.00 price target for silver? Are they nuts?
they're just trying to shake people out..
Agreed. Zero risk for GS to make this call.
Physical gold and silver represent real wealth and are the true 'risk off' play.
"Silver down by $25%" is just GS talking their book.
Pay them no mind and keep stacking.
why have silver and gold separated so much? how can gold launch and silver is barely a blip on the screen?
aren't the one's who can't afford gold going into silver and shouldn't it rise - how can they hold it back so much?
thanks for the insight.
I think Goldman has no Gold. They missed the boat and now are trying to shake it loose so they can get in on the band wagon. What a bunch of goofs!
haha yeah silver is pissin me. Its not moving in price, yet options on SLV are rising higher and higher.... grrr.
@ Air Garcia
Those who can't afford Gold are not necessarily buying Silver.
Maybe they're more concerned with buying groceries instead, or sheltering in safe haven investments such as Treasuries (sarc).
Everyone seems to assume there is some "rule" about a historical 15:1 rule of Silver to Gold, which means that today's price of Silver should be over $175.00. Yet it's not happening.
Could it be that logic, common sense and rules no longer have any place in today's markets?
being relatively new to the silver game, I have some to expect volatility. The roller coaster aka the silver market is always a ride of emotion however it moves... BUT after this last global correction has truly piqued my interest.
Where was the volatility ?
Were the manipulators busy elsewhere ?
If silver is industrial it should have dropped right ?
If it were money it would have risen along with gold and kept pace with the GSR right ?
What the hey is going on with silver at the moment ?
One thing I won't be doing is selling my silver, another thing I am anticipating err hoping and praying for is for silver to hit the 200 day moving average so I can buy some more physical !
all the best to us "contrarians" and keep stacking
even if it comes close that could be a disaster.....what's the deal with this call?
The new normal could be $75/oz. silver. In this exclusive interview with The Gold Report, David Morgan, editor of The Morgan Report, maps out a path for silver that could sink as low as $5/ounce (oz.) during the summer pullback and then bounce up to $75/oz. to establish a new base level. A consistent Silver Institute Production Cost Standard could help investors make smarter decisions during the coming upswing.
At first I thought it was your typo, then I saw that $5 must surely have been Morgan's.
Honestly, does even the most extreme silver bear dispute that there will be zero, nada, NO silver to be had if prices drop to that level?
If I even saw $20, I'd be backing up the truck.
So, no way we hit single digits, but we can dream. :-)
It appears to have very "flat" periods where little happens interspersed with extreme volatility. We are just in a flat time, and very oddly in a time when normally flatter markets are going crazy, like the SPX. It will happen - soon - as TF says, before labor day.
I suspect everyone has figured it out by now, but just in case: In that interview Morgan said silver could fall $5/oz, not fall to $5/oz.