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catoismymotor (24.55)

Will gold and silver sink or launch with the next crash?

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2

August 21, 2009 – Comments (5) | RELATED TICKERS: JAGGD , SLW , GG

Gold and Silver Bugs,

I have a question that I believe calls for a fair amount of speculation. My question has to do with trying to time the market. I know it is folly to try to time said market but I can't help wondering if  precious metals are going to dip like late last year when the expected second crash happens. What do you think? Will the general market vacuum pull down precious metals in the short term, as before? Do you think precious metals will immediatley start to climb? Any speculation or sage advice by those more learned than me is always appreciated.

Cato

5 Comments – Post Your Own

#1) On August 21, 2009 at 8:51 AM, catoismymotor (24.55) wrote:

For the record I *think* silver and gold will dip wit the rest of the market. I also *think* the Easter Bunny, Santa Claus and Hanukkah Harry are real. Make of that what you will.

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#2) On August 21, 2009 at 9:12 AM, ResearchLover (26.65) wrote:

I'm with you on JAG going down for a few weeks at least.

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#3) On August 21, 2009 at 9:45 AM, lemoneater (78.14) wrote:

Is it true that silver has more industrials applications/demand at this time? I thought I had read that somewhere.

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#4) On August 21, 2009 at 9:56 AM, catoismymotor (24.55) wrote:

Lemoneater,

It is true. Silver is used in solar panels, batteries, antibacterial and antifungal storage containers for food, killing werewolves and causing harm to vampires. At this time when historically compared to gold, silver is way undervalued. When compared to gold silver should be close to $50 an ounce instead of the $13 to $14 we see today.

Cato

P.S. - J/K about the mythical creatures.

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#5) On August 21, 2009 at 10:15 AM, Rebkong1 (< 20) wrote:

i think it will be an initial dip..but as the dollar begins to take that inverse relationship to the market (dollar will decline as the market does) then G&S will explode higher

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