Silver, Gold and the Future.Submitted by FreedomIsAbsolute on Fri, 05/11/2012 - 16:02
A few weeks ago, I noticed the talking heads hyping up a dip in gold / silver futures markets. I have long believed "Whatever the MSM says is opposite of what they mean," and this can be true for the market as well (housing bubble propped up by them for example.) However, it can be said that the MSM has a short term effect on the market and when I heard all the noise about a dip in PM's I felt I should sell half of what I got and buy at the LOW LOW ;)
To much disdain I did not sell, but have bought what I could at the current spot prices (I hope you have as well.) I have a few question though, how long do you think it will remain low, and do you think it will take a roller-coaster ride to the top (or at least $35-$37 as the new regular) now with JPM in a hot mess? (See http://www.dailypaul.com/232433/jpm-crashing-significant-mar... - submitted by AragornSoS)
Spot prices High - Low (past 30 days)
Gold ====> $1675; $1589
silver === > $32.4; $29.0
Now if you had a few OZ of gold, or a few hundred of silver and you sold some of your stack (or half) you would be one happy person :)
Any thoughts as to what the outlook will be over the next 30 days?