"The Decade of EPIC Begins"
Where are the reports coming from?
@SGS: I got out of all my positions (long, of course) because holding them over the weekend looked to risky for me. Also, with the Fed meeting next week, I was not sure whether me might see a dip - the rally has been pretty strong this week.What do you reckon' how next week will start?
I see commentary on Zero hedge showing silver over $47.90 and on max keiser's blog he has a graph of silver hitting an absolute brick wall and dropping sharply only to rise sharply again and bounce off. It looks like a ricktor scale print out or a polygraph when the person lies and the needle goes nuts. The price there was pushing $48 too. On keiser's comment section a few of the poster felt that this was happening because JPM is trying to keep a lid on the price of silver going into expiry and fighting like hell to stamp out the fires of an outed SLV that is being revealed as the fraud sham it always was and was intentionally designed to be-a way to deflect money that was headed into the silver market out of the silver market until it collapsed unto itself and then the usual round of no one is guilty and no one realized that they never actually hired a person to buy silver, only take orders the excuse, or whatever.
I keep hearing Peter Schiff saying Silver is going to go down and Gold is going to go up ( because Silver has gone up so much and Gold has not really done much )I am still concerned we will see Silver do what it did in 2008 when everybody ran to the dollar for 6-12 months, Gold was only hit about 20%.I see a big battle between the mega private banks and Bernanke. The banks want commodities/QE to end and Bernanke wants the dollar to become toilet paper. Who wins!
morning folks, I believe this article pretty much sums it all up.I mean, what is silver really worth? We all are conditioned by normalcy bias, but its going much higher, its like a balloon that has been kept underwater, if you push it down deep enough it will nor only break the surface but it just might float away!http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits
Everybody run to the dollar?More like everybody running from the dollar this time.Could be in for a correction, I'm not going to cry if it does :)
I can not verify the validity of the content, but this movie just hit the web:REALIST NEWS - BREAKING NEWS - MONEX OUT OF SILVER EAGLES APRIL 2011http://www.youtube.com/watch?v=bR1CPvJnRfM&feature=player_embedded#at=34
I'm never selling my silver... EVER!
It looks like kitco does not have silver eagles for sale too?Today, 11:37 AM (This post was last modified: Today 11:39 AM by Jsnip4.) Post: #3Jsnip4 AdministratorPosts: 361Joined: Feb 2011 Reputation: 15RE: BREAKING! MONEX COMPLETELY OUT OF SILVER EAGLES!!!0 0Looks like http://www.kitco.com is also out of silver eagles. They do have some maple leafs and other coins but no silver eagles.https://online.kitco.com/bullion/completelist_USD.htmlMy Youtube Channel: Http://www.youtube.com/jsnip4
For whatever this is worth I will post it. Please for me for putting this on the board, I just want to do what I can to get you and others information that they can canvas and bring in their findings and have a collaborative project.From George Ure and Clif High (Web Bot guys):A chat earlier this week with Clif of www.halfpasthuman.com, about the way things are lining up for silver here shortly, bears mentioning about here. You may remember in some of the predictive linguistics work, there was and expectation that we would be seeing a day when silver moves $5. One of the last temporal markers before that event fires off should be the discussion in national media of "bulldozing homes" and sure enough, the last linguistic tumblers have fallen in that lock with discussions, among others, of "Owners protest UDOT bulldozing homes in WVC" and some discussion of tearing down excessive housing on a segment on one of the financial talking-heads channels.
I've read several articles recently mentioning that the SGR will increase at some point.One could conclude that if dollar or markets go south, money will go directly to gold and not silver. Some could even move dollars from AG to AU. I recall a couple predictions of a return to 50 SGR, at least temporarily. I could see gold taking off and silver at least consolidating. Sprott and others see a continual decrease. Who to follow??Most here are hedged. AG up or down works for us.I'm hoping for a pullback. I need more AG.
SGS this is your n-th post where you explicitly mention *physical* aspect. Do you expect that futures silver market could potentially collapse (ie whole domino of derivatives could implode and stop trading)? How probable do you think this is?
Vincent, Vincent, Just read the Sprott article, you will find you answer there. I know ppl that have been waiting for a pull back since 34, lol. Just buy while there is physical available, price means nothing. Think about it this way, back in 1908 Ag was 50 USD high, adjusted to 2011 that would be around 130 USD and thats not including all the other factors, like JPM selling paper 45 to 1, the fact there is a physical shortage, the fact that is been manipulated since the 90's, the fact that historically it been GSR has been 1-16, I think you get the picture. Just buy, plus it feels good, thats right Silver Porn!!!
kindabluzzay, Bob Chapman seems to think that the bankers are spending this weekend meeting to figure out their next move. I know that they have lost well over 50 Billion in shorts, with Soctia removing 5 million oz from the dealer, and Blackrock commenting on the SLV rumors, May is going to be a bitch!! I look for a serious raid on Monday and Tuesday!
Vicent, if the comex crashes all bets are of for price, we go strait to a cash market and who knows where it would end, 500 here we come!
Vincent; What you wrote is what I see happening. The big money will go into gold. Gold is and always has been the wealth preserver, par excellence. Silver has played a role, yes, but when it comes down to it, we only truly need ONE. Many here would disagree with me, and that's okay:) DDT
I'll wait til the silver/gold ratio gets into the single digits and then swap out! ;-)
china will use silver as a backing to their yuan since silver is respected in Asian countries..maybe all central banks will also start to use silver along with gold..as of now only gold is used..BUT the Asians will be the leaders of all world banking..so HI HO SILVER AWAY....
Silver will trade 1 to 1 with gold. Those of you saying that people are going to go to gold and switch do not know what is going on in the silver market.
I know exactly what's going on in the silver market, just as much as anyone else who has the desire to look into it. Makes no difference what's "going on" when it comes to which metal will be chosen as a store of wealth. It has already been decided as of this point in time. Gold is held by central banks and countries all over the world, as of right now. China may, in fact, back the yuan with both gold and silver, I guess we'll see. Doesn't change the fact that silver is an incredibly valuable and highly useful commodity. It's more valuable as something we USE and not hoard to store wealth. Why would we use TWO wealth preservers when we only NEED one? DDT
Silver is first and foremost a monetary metal AND A STORE OF WEALTH. It became an industrial metal only in recent times.Anyone saying sell silver, it's just a commodity - is a fucking moron.
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SL, We "the US" once had both silver and gold certificates and 90% silver coins, so...The answer to your question is the functionality of money, gold being of greater value for larger purchases and sliver for smaller.
I swear some of you are either nuts or shills!I can't believe what I'm hearing. This is NOT the same silver market of years past...get over it! The current market conditions have NEVER existed before...EVER. Have the fundamentals changed? Is there a greater risk of default in May than ever before? SGS should give out the Peter Best award to some of you guys.OK...its scary that silver is going so high so fast and some expect a correction must be imminent.WHY?I believe we have more than enough to buy the dips tha JPM throws at us....just look st the last 9 months. We have only gotten stronger.I truly believe anyone who gets out of silver now is a total loon!Will JPM hit us next week? Do we really care? I mean she throws the kitchen sink at us a few days ago and we finish up at the end of the day. This does not sound like a coorection to me...especially going into a delivery month.We should switch to gold because UT did it with their endowment money? Of course they did...if they did it in silver it would be game over and most importantly they wouldn't have gotten their PM.I'm not sure what's more enjoyable, watching the market unfold or reading some of these blogs.Go hunt Easter eggs and we'll call you when its time to come in from outside.
In no way do I profess to understand PMs other than what I have learned on message boards like this or from guys like Ted Butler, Mike Maloney, Jason Hommel, etc., but couldn't both be used as a store of value? Both have historically been used as money with gold being the heavyweight and silver being used as an everyday medium of exchange. Kind of like the $1 bill and the $100 bill. The x factor now I think is silver's increasing # of industrial uses and decreasing above ground stock piles. Just my thoughts.
oddzon: Yes. Assuming silver has been suppressed for decades, at some point it has to find it's true price. Like a ball held underwater when released, it has to rise to the surface. That time may be now - if so there will be NO CORRECTION.
I am bothered by the use of the term "correction". It gives the impression that something is wrong with where the price is, and therefore must be "corrected". I know it's just a speech or writing pattern to illustrate that a move is expected in the opposite direction but the word itself is horrible in this instance. Just a pet peeve, had to say it.
oddzon, Jack, thanks for the back up.. I see shill written all over it.
OC15, i have thought the same thing. correction implies that the current price is wrong, lol. i prefer the term change, lol
sierra, wheres my thanks ;(
Haha! Well fuck you, too, Jack(ass). I knew some of you pussies would get all butthurt with what I said. Go fuck yourselves. I have better things to do with my time than associate with disrespectful retards. I'm out and wont be back. DDT
I hope that folks don't get too hot about the "Temporal Markers" report about homes being bulldozed in West Valley City, Utah. These are homes that are NOT excess housing. Indeed, they are being purchased at fair market value (although that market sucks right now...,) and the owners are being compensated for moving / relocation expenses. They are condemned for public domain to create a much needed traffic corridor in the Salt Lake Valley here in northern Utah. I feel bad for the owners, and indeed, my own home has been impacted with lower value due to this "Mountain View Corridor" project, but the bulldozers are not rolling due to any failure in the real estate market. Keep stackin that phyzz folks!
sleeping village idiot.... Grow up.. don't come back. who cares.
Malcom,Sorry missed your post.. much love to you too my brother! :D
Back to the Village Sleeping idiot!I got your back sierra! :)
New Terrorist Uprising in USA:McDonald's Terrorist Threats
If you're long....and I mean long as in you'll never sell your silver...than near term price flux are pointless in the long term outlook. I can't wait to revisit some of these blogs 5 years from now when PM's are really that: precious metals. Physical gold and silver are not investments, they're money. Yes the volatility will make you puke sometimes, but if you think it's bad now...and we're only 1/4 way up the ladder, then yea, you better get out now.I'm on the sidelines with my fiat waiting till the end of next week. My home safe is full of gold and silver and I'm pretty well protected, but the financial terrorists don't care thus I BTFD.
This is my calculation, is it correct? Sorry I took accounting in college, but we never dealt in these high numbers. JPM 3.3 billion oz. of silver in short positions outstanding at today's price $46.68 X 300,300,000,000 = $140,054,004,000,000. 140 Quadrillion, 54trillion, 4 million? Nothing in balance sheet. Bernie is going to wear his arm out cranking the press that many times. We might have to use newspaper paper to print it on too.
Jovil, We dont know at what price the sold the shorts at,I've heard that the average is around 17 USD. Bob Chapman, seems to think they are underwater around 60 Billion.
I have a listing on Craigs list to buy silver also.. I had someone contact me that is looking for cash this weekend.. He needs four thousand dollars.. But I guess most people don't want that amount.. He has to travel a ways, so he offered it to me for forty dollars an ounce.. He never even asked me what I'd pay.. He doesn't want to deal with a lot of people..There still out there folks !
What the hell is wrong with you people? Scared of a "correction"? Nothing scares me more than the correction taking place, right now, in the Federal Reserve Slave Note. If you would rather have dollars in your hand than silver because you are scared then you are stoopid! If you are thinking of selling your silver and buying it back again after the really scary correction, then you are D-U-M dum because it might not be there for you to buy back.It is a miracle of God that you can still trade any amount of slave notes for a real oz. of .999 and you better get off your lazy ass and go get some before it's too late. If you are waiting to buy physical because you can't decide whether gold or silver is better, then get off your pink fucking cloud and go buy both. If you can't afford to buy both then you probably don't have enough slave notes to buy gold and your solution becomes very fucking easy, silver!This shit isn't new, history has built a road map of exactly what is about to go down, and it ain't pretty. Buy physical, get food, get ready to protect your family. Scared of a correction? Get a fucking shovel and start diggin'.............
Jovil, Point is well taken, but 3.3 billion would be 3,300,000,000. (300,300,000,000 would be 300.3 billion). Also, their contracts were not all started at $0.00, so cant multiply at $46.68. (Give it a week or so and you might be able to!) Im guessing on you could be conservative and guess that their shorts were initiated on average at around $10. So that makes 3.3 billion x $36.68 currently.Roughly $120 billion at today's prices. Still enough to take JPM down.
And we're having a fun little contest at SilverDoctors, predict silver's May close to win a Silver Eagle! We'd like to hear the silver community's thoughts about what silver will do during May's delivery month!http://silverdoctors.blogspot.com/2011/04/know-where-silvers-headed-predict.html
Wanted to throw out a theory here:Im my judgement, we should all thank the Heavens we are in the current situation with silver. There could be a massive short squeeze developing. Or there could be a huge bull trap being set.The tea leaves are very unclear.But it seems VERY clear to me it is either one or the other.I think we should regard volatility as our friend. The way to take advantage of this is to play options ON BOTH SIDES.Whichever turns out to be the right play, the leverage will insure that the gains outpace and perhaps even dwarf the losses. IN the best case scenario, it goes massively down quickly, bottoms in a recognizable way, and starts headung back up and beyond.AS SGS might say, we wold then make money on the way up AND down, just like the pros.Thoughts from the community???
The bull trap was the Hunt Brothers and then a second one in 2008.This is the real McCoy, because of the shortage of metal underway. "They" can no longer control events.
Exactly Jack. if silver was plentiful and we were not in backwardation I would be much more cautious then I am now. Can they sell off? sure but it will come right back up. to many of us wanting to buy that last dip. I truly think we seeing the beginning of a big short squeeze.
BREAKING NEWS: LARGE TORNADIC SUPERCELL MOVING THROUGH ST. LOUIS, MISSOURI. The News UNIT
I have more silver info later but I'm busy as F*** in the weather department......I'll post it on the blog. Just read SGS and that's just the tip of the economic smackdown coming. The phones were tied up today at many dealers. Unreal!!!!
OT: the temporal markers in webbot talk are indicative that other predictions are now more likely to occur because those markers needed to occur first. whether they occur as Clif interpretations suggest they might, is up to history to make it a bot hit or not
if oil goes up i make money to put into forex but if oil goes up silver may get pissed off 8=======D @@@i need to make some more paper so late in the game i am ashamed