dang…
its actually at $43.
will it goto $50 an ounce?
just awesome… broke the 30 EUR today..
Is 50 on the way to 100$ ?
Most likely, but perhaps not before a major correction.
What you are witnessing right now is yet another demonstration that speculators (in the modern sense) are a fickle lot. The announcement by Moody’s that the outlook for US Treasury Bonds is negative was enough to send everybody into a panic. Chinese rating agencies had already degraded them and gave a negative outlook last year but what do they know? And it will be the same with oil and agricultural commodities. Unless Bernanke implements QE3 damn right now expect a (slight) correction as soon as the aforementioned speculators find out the world won’t end tomorrow.
It’s beyond a simple outlook and speculation.
The credit rating of the US Government is about to take a hit in the not too distant future. S&P just initiated the first warning shot by rating them from stable to negative.
Once other rating entities follow suit, it won’t be long before investors look for a way out of the dollar while the getting is good.
There’s already pressure to convert to a new reserve currency. If the major economic powers choose to convert, then the dollar is on it’s way to a rapid decline in value.
The uncertainty is the willingness of the major economic powers to move in a new direction.
Silver is volatile as it is, but it was undervalued to begin with.
So what did Mises say about the Crack-up Boom again?
Today’s spike doesn’t look that great:
Is that not a chart on gold? Where’s the chart on silver?
Oops. My bad.
Anyone else think it’ll break through fifty before having a correction? I’m debating selling some of my investment now and rebuy once the price has corrected itself a bit.
If it does correct before going to $50, then where the peak be? 44, 45, 46, 47, 48, 49?
Err, why do we think there will be a correction?
“Most likely, but perhaps not before a major correction.”
What do you mean, correction? Major increase or decrease in price?
Guys, I hope you’re doing this with “play”-sized portions of your assets. Usually, the knowledge that affects us the most is the one that we don’t even know we’re lacking (i.e. the unknown unknown).
Really? Can I take my assets out of the game? Where do I have to put them to be safe?
Because it’s gone up a lot and market sentiment.
Decrease. I’m not sure why something correct upward immediately after having gone upward.
Why has the expectation of a correction not affected its current price?
It’s an art. 
Because if everyone expected a correction, then the price would go down because people would be shorting, selling, and not buying. You’re not a contrarian if everyone else is too.
So there is no general expectation of a correction. So what did you mean about market sentiment?