Author Topic: WSJ: Silver Watchers Temper Their Views  (Read 160 times)

Rivet

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WSJ: Silver Watchers Temper Their Views
« on: June 11, 2012, 06:18:50 PM »
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Silver Watchers Temper Their Views

BY FRANCESCA FREEMAN AND RHIANNON HOYLE

Is silver's $50 ticket anything more than a pipe dream these days?

Last year, silver peaked at $49.83 per troy ounce. Even after dropping back, metals consultancy GFMS, a unit of Thomson Reuters Corp., was forecasting as recently as November that silver would average $45 a troy ounce this year and break through the psychologically important $50 level by the year-end.

But front-month silver futures closed Monday in New York at $28.61, 24% down from its 2012 high of $37.49, reached in late February. And GFMS has considerably pared back its expectations: It said in April that it expects silver ...

"An investment in knowledge always pays the best interest."—Benjamin Franklin

Oddcaliber

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Re: WSJ: Silver Watchers Temper Their Views
« Reply #1 on: June 11, 2012, 06:33:50 PM »
Well, if silver gets any lower I might start buying coins again.
We have a four box system,the soap box,the ballot box,the jury box,and the cartridge box.

Rivet

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Re: WSJ: Silver Watchers Temper Their Views
« Reply #2 on: June 11, 2012, 06:48:24 PM »
I hear you.  I got in during the early 2000s and stopped buying when the prices went crazy.  I could see moving some invest funds into gold/silver once the market stabilizes though.
"An investment in knowledge always pays the best interest."—Benjamin Franklin

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