"May the silver be with you"
That was a very interesting read (Elliott Wave Theory) - according to this article, I can get truck loads more physical silver at super discounted rates for a couple of years (phew)
Silver may go sideways but slowly follow the current trend until 201X. It is also probable that we will see a bit of a correction / sell off coming up, maybe after the silver season (march / may 08) - Either way, I would expect to see the strongest volatility over the next few months. In looking at the overall trend, we should see higher highs and higher lows.
http://www.nzsilver.com/images/5year_silver.JPG
Back to the Elliott Wave Theory, so according to this, silver may go sideways or even down until 201X and then is will really take off when the USD gives its last gasp. It gives us a couple more years to stock up on sub 20 to 40 silver. In the past, it has been hard to put a date to when silver will take off, it could be anything from a couple of years to 5 or even 10 – but the more I read, it looks to be on the couple of years side of the scale.
Until my next lot of blabber, have a great week all and it is good to see summer is here at last.
reg Alec
www.nzsilver.com
Elliot wave applied to silver
Elliot wave applied to silver as explained by Roland Watson, The Silver Analyst
http://news.silverseek.com/SilverSeek/1195428258.php
buy, hold, move, sell the silver
Hi, Along with NZMint, you can also try Morris and Watson or AGR Matthey (both in Auckland) there is also New Zealand bullion recovery services (they have a branch in CHCH last time I checked)
(Google search or Yellow Pages for any of the above)
Depending on who issued / assayed your silver can effect the buyer spread in NZ. You could also export to Australia if required. There are numerous big refiners over there that will buy.
It is hard to say what will happen when silver does shine its true value. Will bigger NZ buyers keep buying ?. who knows. For example, and hypothetically speaking if silver peaks like it did in the 80’s and at an inflation adjusted price – we could easily be looking at anywhere between 200 to 500 and oz. If you have 1 Kg ingots @ 500 / oz that $16K. The spread will not matter as it will be so small compared to what you are selling at / profit you are taking. One problem is if silver does goes to this price, you can only really easily sell 1kg + items to bigger refineries as they have the buying power. (How many 1 kg gold ingots do you see on trademe or ebay ? nil) That is one of he reasons I mainly collect Maples and Eagles, they are both an internationally well know, precision struck 1 troy oz item. There are many more big international buying houses that buy these coins. A 1 oz coin is easier to buy / move at a few hundred an oz. When the time comes, I will be organizing a buy pool to help the masses move their silver coins ( through www.nzsilver.com)
Also remember, what pushes the price up ? buying mania. More people will see silver as an investment class asset + industrial stock piling, so in theory it should be very easy to sell regardless.
I hope this helps.
Reg Alec