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Re: Gold and Silver

By: De_Composed in GRITZ | Recommend this post (0)
Fri, 14 Mar 25 3:47 PM | 18 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 05422 of 05449
(This msg. is a reply to 03502 by De_Composed)
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Re: “ I therefore think we'll see silver at $34 later this month…”I wrote that on February 4th when silver was $32. My call was wrong, but I was sticking my neck out there in calling for a 6% climb in only 3 weeks.

Today silver hit my target, albeit briefly. I just thought I'd point that out. $34 is a long-term high for the metal, but not a record high thanks to the Hunt Brothers and their illegal attempt to corner the market back in the 1980s. (Someone remind me why what they did was illegal.) I think they elevated the price into the high $40s. It will likely be some time before silver's price tops that.


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The above is a reply to the following message:
Gold and Silver
By: De_Composed in GRITZ
Tue, 04 Feb 25 3:54 PM 		Msg. 03502 of 05449

Silver has been lagging gold but I would not expect that to be the case for too much longer. It normally moves more aggressively than gold - both on the rises AND the falls. I therefore think we'll see silver at $34 later this month… Maybe even $35 or $36.



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