Saturday, March 04, 2006

 

Have a Money And Metals Prediction?

A reader wants to hear your predictions. "1) Predictions!!! Especially post-ETF silver.

2) IAB impact on currencies.

3) Long bonds are finally moving.

4) JPY interest rates, yen carry trade, etc.

5) Ramifications of Dubai port issue."

Another added, "Yeah, that $12.50 target might be conservative considering there will be a frenzy. I wouldn't be surprised if it hit that the day before SLV was launched."

"There are a few items completely gone from APMEX's site. Cull silver coins, sterling silver, and they recently had a 90% silver coin sale for 0.10 less than spot. I think it only lasted a few hours before it was all gone. Their stock does fluctuate and some people have offloaded their collections. Check under 'wholesale lots' to see what I mean. It just seems the fluctuation is more so now."

"I was surprised with the silver sterling they gave me. All but one piece was plated with 24k gold. That's pretty cool."

Comments:
I second that spike!
 
A spike that high too quickly would get me worried about speculative froth. I would get nervous and consider cashing in on partial inventory to cover part of initial investment.

$12 silver makes sense right before the SLV ETF. The SLV opening week could pop silver to $15. From there I would hope for steady growth. If silver went above $20 before August, I'd be antsy.
 
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