Gold collapsing. Bitcoin UP.

[miscreanity]

Me too, but the question is, how low can we go?

Paper can go negative.

Physical can hit a discount to face value, most likely if the seller is ignorant of the market - many westerners.

Realistically, small sales not going through established dealers are a crapshoot at this point. I'd say high teens.

[cypherdoc]

It was Sxxxx #1

lol!

[NewLiberty]

Would love to see silver that cheap again, but the fundamentals? Even with the rising bond rates I don't see the dollar getting that much stronger in the near term.  Despite all of the new taxes, the spending is still outpacing it.  For the dollar to be that strong, it would take some serious fiscal discipline among those making the decisions with what used to be the money of the American people.  Continued dollar devaluation seems more likely than not, as debt ceiling is poised to rise next month yet again.

That said, precious metals are heavily manipulated, so anything could happen.  The ETF naked short game brought the prices down, physical buying reached binge levels. When the big guys have loaded up their trucks, they may just want to reverse it back up.
Some are hinting that this will be sooner than later.
http://www.zerohedge.com/news/2013-08-16/jpm-advises-buy-gold

Or... they could go for another round of shorting the paper to see if they can grab some more?
http://www.marketwatch.com/story/gold-extends-losses-though-some-still-bullish-2013-09-12

Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.

[lebing]

Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.

Epic analogy!

[miscreanity]

High teens? Hmm, I think there is massive support at 18ish and that if we break under that we could hit 12-13 before new solid resistance is found. Under that? Not sure.

From 2003-2005, a foundation of ~$7 was established. In 2008, silver was knocked down through the 18 level to sub-$10, right around $7 again.

During 2009, a grind up from $10-20 took place, followed by over half of 2010 spent breaking through $18 for the third time.

With the 2011 spike and subsequent two-year grind down to test $18, the same pattern of 2003-2008 is happening at a greater scale.

Trends are still the same, including fiat debasement. Fiat is also the most significant wildcard. Your perspective on buying declines is a long-term one that is well suited to this situation, even when working with paper prices.

[smoothie]

Would love to see silver that cheap again, but the fundamentals? Even with the rising bond rates I don't see the dollar getting that much stronger in the near term.  Despite all of the new taxes, the spending is still outpacing it.  For the dollar to be that strong, it would take some serious fiscal discipline among those making the decisions with what used to be the money of the American people.  Continued dollar devaluation seems more likely than not, as debt ceiling is poised to rise next month yet again.

That said, precious metals are heavily manipulated, so anything could happen.  The ETF naked short game brought the prices down, physical buying reached binge levels. When the big guys have loaded up their trucks, they may just want to reverse it back up.
Some are hinting that this will be sooner than later.
http://www.zerohedge.com/news/2013-08-16/jpm-advises-buy-gold

Or... they could go for another round of shorting the paper to see if they can grab some more?
http://www.marketwatch.com/story/gold-extends-losses-though-some-still-bullish-2013-09-12

Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.

Well based upon how much digital dollars exist, deflation could get very turbulent. This presumes the credit expansion collapses even more than it has in the past 3-4 years. So silver $ price can go pretty low depending upon this.

But this is just one really extreme scenario that I think would be short-lived as the FED's policy is more for inflation than deflation.

[S3052]

It was Sxxxx #1

lol!

nice one 

and yes, single digits for Silver to come

[adamstgBit]

It was Sxxxx #1

lol!

nice one 

and yes, single digits for Silver to come

i think sub 15 is good price tho, i can see 5-9$ silver but not for more then a year... price should even out in the high teens in the next few years. just cuz of the currency wars, inflation everywhere...

[S3052]

It was Sxxxx #1

lol!

nice one 

and yes, single digits for Silver to come

i think sub 15 is good price tho, i can see 5-9$ silver but not for more then a year... price should even out in the high teens in the next few years. just cuz of the currency wars, inflation everywhere...

yes, prices sub 10 $ will probably not exist for a very long time

[molecular]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

[adamstgBit]

PMs is not where you want to be right now thats for sure

bitcoin, because economies around the world just got an good fiat money fix, this is good for bitcoin! Bitcoin is becoming more and more big biz. so ya... i believe a valuation of 1000$ will sooner or later, be necessary! 10K bitcoins seems like a pipe dream today, but tomorrow...

[adamstgBit]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

i've alway been bearish on PMs  i was thinking about getting some at the 1500$ in the bubble, 3-6 weeks later gold line calls me and says its 1900$ LOL

gold line called em a few times after that...

PM is just no good right now, it hasn't been good for a year and it probably won't be good for a couple more...

[S3052]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

perhaps because they have seen that this call was right :-)
sorry, couldn't resist bragging  

[molecular]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

perhaps because they have seen that this call was right :-)
sorry, couldn't resist bragging  

Steilvorlage, kein Problem

[sidhujag]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

i've alway been bearish on PMs  i was thinking about getting some at the 1500$ in the bubble, 3-6 weeks later gold line calls me and says its 1900$ LOL

gold line called em a few times after that...

PM is just no good right now, it hasn't been good for a year and it probably won't be good for a couple more...

Statements like this make me bullish pms always go vs the herd. Someone has to lose.

[notme]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

i've alway been bearish on PMs  i was thinking about getting some at the 1500$ in the bubble, 3-6 weeks later gold line calls me and says its 1900$ LOL

gold line called em a few times after that...

PM is just no good right now, it hasn't been good for a year and it probably won't be good for a couple more...

Statements like this make me bullish pms always go vs the herd. Someone has to lose.

Since when does one internet post indicate the consensus of the herd?

[S3052]

I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?

perhaps because they have seen that this call was right :-)
sorry, couldn't resist bragging  

Steilvorlage, kein Problem

was willste trinken ;-), jetzt wo wir 1:0 fuehren nach deinem traumpass

[cypherdoc]

The creeping realization :

http://m.youtube.com/watch?feature=youtu.be&v=pooQBC-2mQU&desktop_uri=%2Fwatch%3Fv%3DpooQBC-2mQU%26feature%3Dyoutu.be

[RationalSpeculator]

Why is this thread so annoying me?

1. Because cypherdoc rubs it into my face?

2. Because the comparison is irrelevant?

3. Because cypherdoc will let this thread silently die if he is wrong?

4. Because cypherdoc is right?


All of them I guess. 

[cypherdoc]

1. Because cypherdoc rubs it into my face?

you must be long gold and silver.