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Anyone know if silver prices will go back down again?

The prices of gold and silver seem to have remained relatively the same these past few days. Do you think it will go back down? I want to get the most out my FRN's. I heard the prices dropped temendously for some reason last year after an all time high. Anyone know what happened during that time to cause such a drop? Sorry if my questions seem stupid, You see, I just started buying silver not too long ago and I'm still learning. thanks



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Just my opinion

But I only buy gold and silver as a hedge. I don't see myself selling mine anytime soon. In fact I will most likely use it as currency when the time comes. That's just how I treat it. I'm guessing though that you aren't going to see it go down in any considerable amount any time soon because lots of people are buying it for the same reason I and many others do.

Be careful

You should also read Ron Pauls "The case for gold", Its hard to say what's going to happen because we don't know the Intent of the bankster

Thanks for your useful

Thanks for your useful information. The value of the gold or silver varies depending on its
* supply
* Demand for gold in market
* Due to inflation and economic uncertainties.

A couple things to remember...

#1) Nothing ever goes up (or down) without a pullback along the way. Be patient in the near run, if you are trying to maximize your entry point.

#2) The dollar has begun a reversal from its slide after the QE3 announcement. As the dollar rises, the prices of everything else falls. This is more evidence for a dip in the silver price coming up soon.

#3) If you look back to the announcement of QE2, gold and silver spiked on the news, then retraced. The best entry point was about 3-4 weeks after the announcement.

#4) The current price action has happened just on the policy announcement. No actual dollars have been printed yet. But they will begin printing soon. And you can expect that to consistently drive up prices.

#5) The sum of this advice suggests you should have a better window in which to buy silver sometime over the next weeks. But make no mistake, the long term trend is upward from here.

Hope this helps!

In Liberty,

Scott Ledd

I will say this.

I am no soothsayer, but the store I regularly buy silver and gold from has been out of silver rounds for 2 weeks and that hasn't been the case my entire relationship with them.

Wow so many helpful comments!

Wow so many helpful comments! Thanks a lot!

fireant's picture

One of the most level headed commentators on the web says...

silver most likely bottomed this summer and is heading back up. This article, published today by Adam Hamilton, should help you answer the question: http://www.321gold.com/editorials/hamilton/hamilton092112.html

Ps: But if you are just starting to build a stash of silver, I agree with others who advise to budget for and make purchases at regular intervals, so as to average out your entry price.

Undo what Wilson did

If you look at this chart

http://www.dailyfx.com/charts/netdaniachart/?symbol=XAG/USD

and change the time scale to "weekly", you will see that we are approaching a very important resistance line at around 35.43. In the short term, it will probably bounce off of it if it is going to go down (and that's if). So if you see it hit @35.40-ish and bounce down, it is probably a better time to buy while it goes down for a few days.

If it busts right through that number, though, then the sky is the limit and probably won't slow down again until at least 40/ounce. Or maybe never.

There is an industrial seasonal demand cycle but

But it's hard to say right now with everything so screwy. Normally the industrial demand for silver begins going up in September, so we often see an increase and then the demand goes down in April, so we often see a decrease from April through August.

Things are so wacko with what the Federal Reserve and JP Morgan, etc. are doing now though that nothing is sure anymore. Silver has also become correlated with the Euro and can move in tandem with it when something happens there (but it usually only reacts to Euro movement for awhile and the price does not trend in tandem with the Euro necessarily, especially if something else happens with one of its other movers), and of course with gold / in opposition to the dollar movement.

I would predict it's only going up from here and IF there is going to be a fall again, it will not be until after the New Year at least and probably around April. But that's just my opinion, of course.

Yes.

But it's not me.

The folks at JP Morgan know. They're the ones selling silver short, keeping the price low. They can play that game as long as people don't take physical delivery of the silver, and settle contracts in paper money. When JP Morgan runs out of silver to deliver, the game ends messily. And taxpayers will get to pay off the victims of the fraud, most likely, because the crooks are "too big to fail."

Recommended reading: The Most Dangerous Superstition by Larken Rose

watch these

watch these videos...

http://www.dailypaul.com/254031/learn-the-truth-about-silver...

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

I sure hope so. It gives me

I sure hope so. It gives me a chance to buy lower.

Realize that at some point down the road, there is NO AMOUNT of paper FIAT dollars that silver owners will be willing to trade for their silver. I don't even worry about the dollar value of my silver. Only the ounces.

I'd rather value silver vs. other values...real estate for one. I agree with Mike Maloney...500 or less ounces of silver will eventually purchase your average home. And possibly...MUCH MUCH less. Maybe even 100 oz.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Perhaps.

But be assured that anyone who does know is not going to let us mundanes in on the plan.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Precious metals have been

Precious metals have been consolidating for the past year. Basically a flat trend line. The time to buy is right now, because the next leg up is imminent.

Don't try to time the market.

With QE infinity the trend for silver is up. In the near term it may drop again or it may shoot up. Nobody knows. Just buy some now and buy some more each quarter. And if it has a big drop then buy some more.

Most importantly, do your research so you know the fundamental reasons why silver may rise so you won't get scared out by the big drops. I have several articles about silver on my blog libertyinsight.com and check out Mike Maloney's blog goldsilver.com for some good info and current news.

For more liberty, check out my blog at:
http://www.libertyinsight.com

I hope it goes back down. I

I hope it goes back down. I had to sell most of mine when timesgot tough. I need to stock up again. But, at least it served it's purpose for me. I wanted to use it as a hedge, but I still profitted double for each ounce I had, and paid my rent.

I would say

buy some each week to have a good average

Unless you have lots of

Unless you have lots of experience I wouldn't try and time the market. Dollar Cost Average into Silver if you can do a little bit each month

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

It almost hit $50 last year,

It almost hit $50 last year, then plummeted after a massive sell-off of ETFs by one or more of the big banks. I don't know (nor does anyone really) if it'll drop again but I can bet it'll be higher than it's current spot price over the next year or two, so keep buying

A nation of sheep breeds a government of wolves.

Historical price of Silver

Silver priced in Gold
http://pricedingold.com/charts/Ag-1700.pdf

What do you think?

$FRN priced in Gold
http://pricedingold.com/us-dollar/

Free includes debt-free!

Look at the

past charts, go back 1yr, 2yr, 3yr ect. You will find that around the x-mas holidays is a friendly time to buy. Who knows though, people are awaking to the fleecing of this country more and more by the day; the economy may not be intact by the holidays this year.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James