Metals breaking out?

[Lowdown3]

Gold and silver seem to have been spinning their wheels for a couple months now after the price dropped. Now they have made some gains, with gold finally back over $1300. and silver pushing $22.


Have they finally broken out of the dull drums? Never have bought into the "Silver will hit $500. ounce" PM dealer propaganda and I'm not suggesting any CRAZY moves, but if this continues, we could see $25. an ounce silver again soon.

[protus]

ive always wondered if it'd be worth it to sell some that i got back when it was sub 10$...but..back then gas was 1.35$ per gallon..550 rnds of 22lr was 9$..and 1k of x39 ran 75$......now silver is 20+....gas is 3.90...22lr is going for crazy amounts...and x39 is sub 300 ....lol

but if someone bought cheap stacked deep on it back then..it may be wise to cash in on some if the price comes up..

[rockriver]

1. my silver buddies are warning me that this is just JPMorgan manipulating the mkt...
that they have so many "shorts" that they (jpm and a 2 other banks, English and swiss- I think) must push silver down.
that sounds like silver is going down to me.

2. I see lots of reports of china and india and others buying gold primarily but silver too.
and places like Germany demanding that german owned gold being held by usa and france be shipped back to the germans..
problem being that the us is insisting it will take 5 or 7 years to get all their gold sent back...
that is crazy... heck no it doesn't take that long!! unless something has gone missing down in the storeroom?????

I voted on story 2.

I believe story 1. that the mkt is being manipulated.
but I believe story 2 also. and it could be a bigger story... if ever the truth is known. so story 2 added to all the value of dollar stories out there, I bought a little silver last month at about 20.20 (couldn't afford the gold!)

and I hope to have the smarts to sell off half of what I have if it gets back in the 40 range.

and in the meantime if I get a chance to use my silver to make a purchase I will do so..
i wonder how many silver dollars it would take for me to get one of those awesome ar15's
or even one of those better grade ak's?

[Lowdown3]

http://www.zerohedge.com/news/2014-02-16/bank-america-warns-us-dollar-trouble