[Revi]

I don't know what's going on, but the price of silver is going to the moon. What goes up must come down, but I don't think it will come down very far below $30 now that's it's broken the previous record.

It's gone up over 2 bucks in the past couple of days. What's happening?

[Hawkcreek]

I don't know whats going on, but I bought 170 ounces 10 days ago. I like it.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('joewp', '
')By the way, technical analysis is bunk.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Revi', 'I') don't know what's going on, but the price of silver is going to the moon. What goes up must come down, but I don't think it will come down very far below $30 now that's it's broken the previous record.

It's gone up over 2 bucks in the past couple of days. What's happening?

[roccman]

Yep - moved RAPIDLY over $35

market opens in almost two hours - anyone wanna guess what way the arrow is gonna point...

and in other news...KSA is about to implode.

[Revi]

I think the price is going to level off for a while. $35 an ounce is pretty high for silver, which was something like $12 not too long ago. I think it may go back to around $30, but then shoot back up again. We'll see. It may be a good buying opportunity.

[roccman]

$this->bbcode_second_pass_quote('Revi', 'I') think the price is going to level off for a while. $35 an ounce is pretty high for silver, which was something like $12 not too long ago. I think it may go back to around $30, but then shoot back up again. We'll see. It may be a good buying opportunity.

[roccman]

$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Roccland', 'W')hat a buying opportunity!!

Get on!!!

Train will not wait.

Holy hell!!!

Honey!!! Back the truck up!!!!!!!!!!!

[Revi]

It could very well go over $40 before the weekend. It's hanging at around $39.50, and seems like it may close at that price. I think if it does go over $40 a lot of people will sell and drive the price down. It doesn't seem to be hurting the overall upward trend. Is the dollar tanking or what?

[roccman]

$40.14

[Adelaidewonderer]

$this->bbcode_second_pass_quote('roccman', '$')40.14

[Adelaidewonderer]

double post

[roccman]

$this->bbcode_second_pass_quote('Adelaidewonderer', '')$this->bbcode_second_pass_quote('roccman', '$')40.14

[roccman]

On August 11 2008, when I started this thread - Silver was $14.59/oz and gold was $821.50/oz.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('roccman', 'O')n August 11 2008, when I started this thread - Silver was $14.59/oz and gold was $821.50/oz.

[ritter]

How's lead doing?

[Gus]

Is it to late to jump onboard? I am kicking myself for not taking the advice 2 years ago on gold and silver. I'd like to invest in silver coins, should I wait for a dip or is it going to keep shooting to the moon?

[eXpat]

$this->bbcode_second_pass_quote('ritter', 'H')ow's lead doing?

[Cloud9]

Never bet the farm, but Uncle Ben has to pay the bills. Soooo, he has to print more FRNs. Silver is not worth more, FRNs are worth less. This process could continue for some time. Having a little walking around money in silver is probably not a bad idea. Neither is it a bad idea to have a little lead as referenced above.

[Oakley]

If you look at long term price charts of silver, there is a distinct similarity between the 1979-1980 spike top and the near vertical climb going on now. The current spike cannot possibly be sustained at the current rate, and could easily collapse like manias are prone to do.

And look at the gold and silver mining shares. They have not participated in the blow off of gold and silver. This is troublesome.

I personally bought gold, silver and related shares in 2001 after having been short for years before that. I just liquidated all of these long positions, but have not yet gone short as I realize that when people become manic they can carry things even farther away from the anchor of the long trend in prices. I make my speculative decisions based on time series analysis and those calculations shows that gold is now at a top and long term interest rates should very shortly start to climb as bond values sink.

I thing the profit potential from putting money in gold or silver now is very low, and I caution those of you planning to place your bet at this late date. When the run for the door starts, many dreams of wealth will be shattered.