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Silver on the way to $50/oz! |
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Ken Harris 
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Joined: 12/January/2006 Location: Canada Status: Offline Points: 1120 |
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 Topic: Silver on the way to $50/oz!Posted: 17/April/2006 at 1:48pm |
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Before this year is out. I did tell you to buy it a year ago when it was trading at $5. Now over $11/oz and moving up fast. This will be your last chance to buy it this low ever again IMO.
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Ken Harris
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Posted: 29/April/2006 at 9:32pm |
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Took another $1jump on Friday and is now over $13/oz. I expect to see it top $20 in May.
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nightrider
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Joined: 12/March/2004 Status: Offline Points: 4666 |
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Posted: 30/April/2006 at 3:01am |
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As much as Silver is under valued it will drop down to $ 9.00 on a correction then start climbing up towards mid summer when demand is high...........never forget Silver is like Fools Gold and only rides the shirt tails of Gold itself.........Remember the Hunt Brothers...........they lost their shirt trying to control the Silver Market...........and now it's Warren Buffett doing the same thing.........The difference with Warren is that he uses his own money and not the banks.
As soon as it hits $ 15.00 I'm dumping it all..........I purchased physical Silver when it was less that $ 4.00 oz Nightrider
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Ken Harris
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Posted: 30/April/2006 at 9:49pm |
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I think you will be selling to soon Jack. Silver usually trades at a 1:20 ratio to the Gold price and I think it will revert to that ratio in the not to distant future now that the demand for this metal is outstripping the supply. That means when Gold hits $1000/oz later this year, we could see Silver hit $50. Ride it a little while longer and you will 10X your money rather than just tripple it.
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nightrider
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Posted: 01/May/2006 at 1:39am |
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Maybe you're right Ken.........I'll hold..in fact I know you're right...Thanks
Nightrider
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carpetologist
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Hocus Pocus Joined: 20/January/2004 Location: Canada Status: Offline Points: 1712 |
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Posted: 02/May/2006 at 12:33pm |
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I wonder if we should phone up Martha Stewart and tell her to check out our site for good stock market advise.
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Ken Harris
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Posted: 02/May/2006 at 1:29pm |
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Maybe not stock market advice Ted, because I have been known to get the timing wrong on that, but on commodity price movements like silver, Gold, and oil, I do not get the direction wrong even if it takes a bit longer than I think to get there.
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Dennis Conner
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Joined: 11/October/2004 Status: Offline Points: 640 |
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Posted: 04/May/2006 at 1:53am |
And Ladies and Gentlemen that means that the options that ken really doesn't have expire unexcersized!
Pinnoccio Hairass nose grows some more!
Hey kenny...how's the glide biz???
Edited by Dennis Conner - 04/May/2006 at 1:54am |
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