Gold And Silver Prices

[supertooth]

Hello Folks----Gold hit 500 and silver is at 8.38----Where do you folks think it will go to now?? Opinions please. Bob [supertooth]

Take it back----502 and 8.44----Do they continue to rise??

[jtryka]

I think they will continue higher, and I believe we might hit $600 on gold in 06, and perhaps break the double digit area on silver next year, though that will be more dependent on economic growth.

 

Oh yeah, and copper is at $2.10/lb. which is the equivalent of 153 pre-1982 cents, but I don't expect lines of folks waiting to melt their pennies yet!

[chinook]

On a technical basis the chart of silver points to $11.

[davidking623]

On a technical basis the chart of silver points to $11.

 

Silver is a rare commodity,rarer than most people understand.The silver EFT is a boom for it if it can get off the ground thru the SEC! Really though with the SUA claiming that there is not enough of this Precious Metal to support one makes a good case for Silver so either way Silver is in a Bull cycle one of which you should really have in possesion as to when this metal gets going its only a little ways from exploding!

 

Davidking623