Friday, September 9, 2011

Sprott - silver is a 30 bagger from here

From KWN:

“I think silver will outperform gold in the next decade. If silver should trade at a 16 to 1 ratio (to gold), it will probably trade at 10 to 1 because things tend to overshoot. Let’s use Jim Sinclair’s $12,000 target, that would suggest $1,200 silver, which is a thirty bagger from here...The biggest reason it (silver) should go there is people should fear bank deposits, that’s what I think they should fear.”

Click here to read...

And enjoy Jim Rogers below.

27 comments:

  1. Sprott really puts it out there, callin out the lowdown shortsellin dogs. I bought a nice bag of SVM today on the dip. Guess the margin hike strategy didn't work as well as the rumors did for them.

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  3. @Babs42 "Sure but what is his timeline? 2060?

    weak"

    Get a one of those magic 8-balls if you want timeline dipshit. Sprott is almost tuned-in with the silver trade as deep as our beloved SGS...

    AC_Doctor

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  5. FINALLY!!! I got the next 9 Days off from work.... phhheeewwwww.... I have put in over 10,000 hours since my last vacation. Bout time damnit.

    Silver behaved quite well today, not breaking its last Fri. Close of $41.50 by a fuckin penny. Im buyin big this weekend. $40.00 Silver is the new bottom, if it ever breaks below that, watch out. If you are sill not buying because you are hoping for a huge pull back, keep wishing. You would be smart to pull the trigger this weekend and get as much as you can afford if you do not have any phyzzz. If you do, you have nothing to worry about. Keep stacking my friends, its gonna be a brutal quarter.

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  6. Big EU banks down 7% to 9% today H*** F***. This is clearly now a trend and is a warning to big money to start the run. When the troubles will spill over and they'll cascade as fast a lightning (derivatives). And when shit hits the fan sparked by the Greece default, the shorts will be squeezed into capitulation that's when we'll see $5, $10 and $20 days.

    You want to see a rich man's terror attack - take ALL his money away with "Fear" of a bank collapse. You can be sure Old, Rich & Big $money$ is now running quietly and surely for the exits. The questions is "where will they find refuge"?

    Daa-daa..... Only phyzz gold and silver bitchez - physical metal not the banks or a pos paper facsimile.

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  8. Peter Schiff clowning Obama about last nights speech. Fuckin hilarious.

    http://www.youtube.com/watch?v=ou9d6Q9_9W4&feature=feedu

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  9. $1200 Silver!? Goodness gracious! :) I'd like to see silver to break out of it's $41,42 maybe @ 43ish an ounce doldrums. When I see silver around $45 to $50 an ounce I might, just might be able to see $1,00/oz. With silver getting smacked down all the time does anyone really believe silver can be $75 to $100 an oz. be the end of the year???????????????????????????

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  10. If Silver is a 30 bagger from here, whats a standard car? A 20 bagger?

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  11. For all the 9-11 P.I.'s out there...

    http://www.archive.org/details/911/day/20010911#/

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  12. high rise, very cool link. When that page opened up, I suffered a couple of seizures. But once I recovered and realized what this was, I found it captivating. Thanks, now I'm headed back there. TH

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  13. What can I say! Wheres my bucket!

    http://news.yahoo.com/blogs/trending-now/millionaire-son-wins-mega-millions-way-remember-9-163815204.html

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  14. Man, I like the way that guy Jim Rogers lays it down. Accent sounds like he's from my neck of the woods. Down here there are a lot of very wealthy folks who might 'sound' like dumb rednecks, but who have a buttload of common sense. That's why the South votes repeatedly to the right, even when the demographic margin is slim. Older people in many areas of the Deep South can remember when people had to grow or shoot their own damn food, and they know NOTHING is given to you without effort. The bad side of that is breaking through the distorted religious support for 'Israel', and the myopic support of anything military among southerners. I've heard that souherners were overrepresented in the military from WWII through Vietnam, and there seems to be this overly emotional reaction to associate opposition to war with liberalism. That's why Ron Paul's poll numbers suck in the deep south. No matter how much sense he makes, he will lose the southern vote because he doesn't show the appropriate FoxNews hatred of those bad old Muslims.

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  15. ""Sure but what is his timeline? 2060?

    weak"

    LOL, silver has a 130% return this year and this idiot is asking about timelines! LOL, Ask netflix shareholders how there month has gone.

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  16. can someone explain to me how taking the swiss franc down 20 cents in no time helps the people and banks in their country .... im serious, i am naive to things like this ... also will this help metals in the resident experts minds ...

    thanks for any input :)

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  17. @Colin, with a strong currency exporting products out of the country is a ball buster.

    Importing products is great.

    "In 2007, Switzerland exported some US$201 billion worth of goods led by machinery, chemicals, metals, agricultural products and world famous Swiss watches led by the Swiss Army brand. Topping the list of customers for Swiss exports were Germany (19.7% of total exports), the United States (11.1%), Italy (8.8%), France (8.6%) and the United Kingdom (4.8%).

    Swiss imports last year were valued at $189.6 billion. Leading suppliers of Swiss imports included Germany (19.7% of total imports), Italy (10.6%), France (10%), the United States (6.2%), the Netherlands (4.7%) and Austria (4.3%).


    Read more at Suite101: Top Swiss Exports & Imports: Switzerland's Exports of Watches & Other Jewellery Continue to Rise | Suite101.com http://daniel-workman.suite101.com/top-swiss-exports-imports-a50511#ixzz1XVWhQdSy"

    AC_Doctor

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  18. if you guys want to make money on your own timeline with an asset, buy some equipment (cleaning, farming, carpentry, metalworking) and go get some jobs. the uniqueness of the situation right now, is for once in history non equipment, non income streaming capital, silver, is looking to make equal or better returns over ten years to actively used capital

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  19. this will likely only happen once in our lifetime and that specific asset is silver

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  20. I'm sure you've noticed that they've got all of the psy-ops propaganda running full tilt this week with the anniversary of 9/11. It's unreal how they're still trying to make the lie true by cementing the "official" story into the mass psyche with all kinds of remembrances and official ceremonial bullshit. It wouldn't surprise me if they try to use this weekend and the anniversary on Sunday to pull something. Afterall, both Lehman and Bear Stearns imploded over a weekend and it was the price differential on the stocks from market close on Friday to market open the following Monday that made these fuckers tens of billions of profit. Since 9/11 is this Sunday, it would seem to fit their greed crazed m.o. I heard today that a "credible" source is touting some threat between NY and DC. However, with all of the stuff going on at the former Sears tower in Chicago, it wouldn't surprise me if the east coast location is just a head-fake and something goes down in Chicago. Come to think of it, I wonder where all of the records for the Chicago Mercantile Exchange are held? Maybe in the Sears tower building. Many have said that the documentation for all of the counterfeit treasuries being sold by Wall Street were housed in the buildings taken out on 9/11. Perhaps they're planning something similar to make all of the records for JPM's short position in silver and the big banks gold leasing programs to go up in smoke. Just like them to stick with a plan that they made work the first time, right? We'll see what happens, if anything, this weekend. It should be interesting!

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  21. I found this link on SGTs site, WTF is this all about? Perry scolding Paul during a commercial break. Just who the hell does this talking head think he is? http://www.guardian.co.uk/world/richard-adams-blog/2011/sep/08/rick-perry-ron-paul-photos

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  22. @Colin: (devaluing swiss franc)

    I ask myself the same.

    1. Government/factories can always lower wages so the competitiveness of goods made within the country remains the same as before. So I consider it total myth/propaganda, that strong currency harms export. However lowering wages is never popular, or even insane law doesn't allow lowering wages, so they rather solve by devaluing currency.

    2. If currency is strengthening (deflation), so is savings of people. People with savings are getting richer and government can't tax this "income" (as they can, if there is an inflation).

    3. If there is deflation, it is harder to pay debts and there is a higher risk that banks go belly up or need more money from taxpayer.

    So this is my understanding why bankers (who want run fractional reserve system) and politicians (who want us tax more and more) will never allow deflation and will always print more.

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  23. 1) I disagree. If they just lowered wages, the people in the export business would move to other opportunities and suddenly the other sectors that aren't heavily affected by a strong currency would experience an oversupply of labor. If this happens, it becomes harder to find jobs thereby reducing production of goods and services. Canada, for example, has 40% of the economy in the export business. Also, since we a small market (only 35 million people despite this huge landscape), we don't have a real purpose to have a strong currency since we won't be buying as much as say..the Untied States.

    2) This would be a very brief moment, but again the economy would suffer due to oversupply of labor thus cause wages to go down and making the "strong currency" irrelevant at that point.

    3) Depends on the bank. There are financial firms out there that don't bother with issuing debt (or aren't heavily focused on it) but rather investment firms. I highly doubt Eric Sprott and Peter Schiff makes a living out of debts.

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  24. Frédéric Bastiat

    The Law



    Property and Plunder


    Man can live and satisfy his wants only by ceaseless labor; by the ceaseless application of his faculties to natural resources. This process is the origin of property.

    But it is also true that a man may live and satisfy his wants by seizing and consuming the products of the labor of others. This process is the origin of plunder.

    Now since man is naturally inclined to avoid pain — and since labor is pain in itself — it follows that men will resort to plunder whenever plunder is easier than work. History shows this quite clearly. And under these conditions, neither religion nor morality can stop it.

    When, then, does plunder stop? It stops when it becomes more painful and more dangerous than labor.

    It is evident, then, that the proper purpose of law is to use the power of its collective force to stop this fatal tendency to plunder instead of to work. All the measures of the law should protect property and punish plunder.

    But, generally, the law is made by one man or one class of men. And since law cannot operate without the sanction and support of a dominating force, this force must be entrusted to those who make the laws.

    This fact, combined with the fatal tendency that exists in the heart of man to satisfy his wants with the least possible effort, explains the almost universal perversion of the law. Thus it is easy to understand how law, instead of checking injustice, becomes the invincible weapon of injustice. It is easy to understand why the law is used by the legislator to destroy in varying degrees among the rest of the people, their personal independence by slavery, their liberty by oppression, and their property by plunder. This is done for the benefit of the person who makes the law, and in proportion to the power that he holds.

    http://bastiat.org/en/the_law.html#SECTION_G008

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  25. Barrick would become a quiet gold producing partner for a number of major banks, and its activities became subject to an FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd floor of the North Tower which was destroyed by bomb blasts shortly before the Tower collapsed. The ultimate destination of the "Golden Lily Treasure", and the source of the ‘loaned’ gold that flooded the market for 10 years has never been officially explained.

    http://www.doeda.com/y911.html

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  26. WSJ admits that silver was the best post-9/11 investment with a 900% return.

    http://blogs.wsj.com/marketbeat/2011/09/09/since-911-it-has-paid-to-own-silver-gold-and-oil/?mod=yahoo_hs

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