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Letsbereal
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« Reply #643 on: May 06, 2011, 07:05:20 AM » |
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And So It Continues: Another 92 Thousand Ounces In Physical Silver Withdrawn From Comex Despite Historic Paper Collapse
5 May 2011, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/and-so-it-continues-another-92-thousand-ounces-physical-silver-withdrawn-comex-despite-histoAt this rate, tomorrow, for the first time, we will see a 32 handle in Comex registered silver ounces, where apparently despite the massive drubbing in paper silver, demand for physical inexplicably persists. Speculators to be blamed for this in 5...4...3...
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ekimdrachir
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« Reply #645 on: May 06, 2011, 05:00:17 PM » |
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I think its worth noticing as well that this DECLINE in Silver, is also forcing OIL down.  |
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ekimdrachir
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« Reply #647 on: May 07, 2011, 10:48:14 PM » |
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Why does this make me think we are in for a massive price increase?  Sure it dropped quite a bit  But when has silver ever done what it is doing right now?  I am very curious as to what is next. Thursday, May 5, 2011 Jim Rogers : I hope that silver goes down for a while Jim Rogers, CEO of Rogers Holdings interviewed by CNBC about commodities. and about the fact that his ex friend George Soros has declared that he is now exiting the Gold and Silver trade "I do know that silver went up 25 percent in a month and that can’t last so that’ll have to come down," "I hope that silver goes down for a while because it was turning into a parabolic move, every parabolic move ends badly, I hope that silver and all commodities continue to go up with normal corrections along the way and in 5 or 10 years, they're going to be unbelievably high prices and then I hope I'm smart enough to sell if the bull market is coming to an end," : "If anything turns into a parabolic move, you have to sell." http://jimrogers1.blogspot.com/But as long as the narrative is that job growth is on track – whew, what a turnaround in just 24 hours – we will get results like this… * The major stock indexes have recovered most of yesterday’s losses. The S&P is back above the key level of 1,344 * Gold is within $5 of $1,500 again, and silver pushed past $36 * Copper, which fell below $4 a pound yesterday, is back above it today * Crude oil is only 30 cents away from $100 again. After this correction, the gold-silver ratio – very simply, the dollar price of gold divided by the dollar price of silver – is back to 41 this morning. One week ago today, when the metals were at record highs, the ratio was 32. This number is important in terms of the long-term trend. A few years ago, Tennessee bullion dealer Franklin Sanders assembled this chart going back to the Coinage Act of 1792. We’ve updated it to the present day:  Gold-Silver Ratio, Yearly, 1792-2010 In the century since the creation of the Federal Reserve, the ratio’s been all over the place. The key is that it’s bottomed at or around 16 three times in the last century – 1919, 1968 and 1980. Sanders is among many who believe long term, it’s headed back toward 16. Canadian fund genius Eric Sprott is another. Sixteen was the ratio for centuries before massive silver discoveries in the Americas in the 1800s. With gold at $1,500 today, a 16:1 gold-silver ratio implies $94 silver. That’s a compelling case for silver… and with the ratio reverting for the moment above 40, silver’s on sale. Read more: Predictions of the Gold-Silver Ratio http://dailyreckoning.com/predictions-of-the-gold-silver-ratio/#ixzz1LjWLgz1z |
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Letsbereal
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« Reply #649 on: May 08, 2011, 10:04:24 AM » |
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Rick Rule, 7 May 2011, by Eric King (King World News)
Eric King: Rick! I always ask you what you do with with your own personal money?
Rick Rule: I am keeping a fair bit of powder dry.
Rick Rule is very interested in these sectors:
- Oil – Falling oil supply (cause there’s not much invested in the oil business in the last years) against rising oil demand creates vast oil shortages.
- Geo Thermals
- Natural gass - Rick Rule: The worlds hates it I love it!
- Alternative energy - Rick Rule: The worlds hates it I love it!
- Gold & Silver
Rick Rule: Select gold and silver equities, generaly very small market caps.
If they have difficulty financing themselves I would love to get involved.
They’ve been too expensive for me in the last six months for the most part and I like to increase my positions there too.
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« Reply #650 on: May 08, 2011, 10:25:24 AM » |
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« Reply #651 on: May 10, 2011, 07:03:37 AM » |
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Gold Rises for Third Day as Europe Debt Concern Fuels Demand; Silver Gains
10 May 2011, by Nicholas Larkin and Kim Kyoungwh (Bloomberg) http://www.bloomberg.com/news/2011-05-10/silver-extends-rebound-as-s-p-s-downgrade-of-greece-fans-investors-demand.htmlExcerpt:Silver Rebounds Silver futures slumped 27% on the Comex last week, the worst weekly drop since at least 1975, as investors sold commodities from oil to copper and exchange owner CME Group Inc. (CME) increased the cost of making new speculative positions. The metal slid as much as 34% since reaching a 31-year high of $49.845 an ounce on April 25. A bear market is defined by some investors as a decline of 20% or more. Silver for July delivery gained 3.6% to $38.46 an ounce on the Comex. The metal for immediate delivery was 1.6% higher at $38.4675 in London. Spot prices touched a record $49.79 on April 25. “ The bounce in silver is not too surprising” as there’s “a strong market appetite to buy anything on the dip,” Mark Pervan, commodity analyst at Australia & New Zealand Banking Group Ltd. in Melbourne, wrote in a note. The downgrading of Greece “reaffirms the reason why investors require the safe- haven support of the precious-metals market.” Silver assets held in exchange traded products fell for a sixth day yesterday, dropping 176.56 metric tons, or 1.2%, to a six-month low of 14,191.21 tons, data compiled by Bloomberg show. Gold ETP holdings fell 3.12 tons, or 0.2%, to 2,054.64 tons yesterday, data showed.
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« Reply #652 on: May 10, 2011, 07:14:54 AM » |
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Want JP Morgan to crash? Buy silver
2 December 2010, by Max Keiser ( The Guardian) http://www.guardian.co.uk/commentisfree/2010/dec/02/jp-morgan-silver-short-selling-crashThe campaign to buy silver and force JP Morgan into bankruptcy could work, because of the liabilities accrued by its short-sellingFor decades, the world's banking system has been on a fiat currency standard that has led to banks that are "too big to fail". They have overreached their remit of providing loans and have leeched into the political system, using our money to change the political agenda in ways that boost bank management's compensation over the interests of their depositors. Over the past 11 years, the Gata (Gold Anti-Trust Action) committee has worked to reveal the silver/gold price suppression scheme; thanks to whistleblower Andrew Maguire in London, an investigation has been opened. As part of the ongoing exposé, it has now become clear that JP Morgan is sitting on what is estimated to be 3.3bn ounce "short" position in silver (which they have sold short, meaning they don't own it to begin with) in an attempt to keep the price artificially low in order to keep the relative appeal of the dollar and other fiat currencies high. The potential liability for JP Morgan has been an open secret for a few years. On my show, Keiser Report, I recently invited Michael Krieger, a regular contributor of Zero Hedge (the WikiLeaks of finance). We posited that if 5% of the world's population each bought a one-ounce coin of silver, JP Morgan would be forced to cover their shorts – an estimated $1.5tn liability – against their market capital of $150bn, and the company would therefore go bankrupt. A few days later, I suggested on the Alex Jones show that he launch a "Google bomb" with the key phrase "crash jp morgan buy silver". Within a couple of hours, it went viral and hundreds of videos have been made to support the campaign. Right now, silver eagle sales for the month of November hit an all-time record high and the availability of silver on a wholesale level is drying up. The most important indicator is the price itself – holding just under a 30-year high. With each uptick JP Morgan gets closer to going bust or requiring a bailout. Here's how the campaign works: wealth tied to a fiat currency is easily overwhelmed by wealth tied to silver and gold. And the world is waking up to the fact that they have the ability, without government assistance or other interference, to create a new precious metals-based backed currency system by simply converting their fiat paper into real money. This campaign has 100% chance of working; it falls into the category of a self-fulfilling prophecy. As more individuals buy silver and gold, all attempts to replenish the system with more paper money will only cause the purchasing power of the silver and gold to increase – thus prompting more people to buy more. Any attempts to bail out JP Morgan would have the same effect. If the US Fed was to flood the system with bailout money for JP Morgan to cover their silver short position (as they did after the collapse of Long-Term Capital Management), more inflation will ensue and the price of silver and gold will rise more, triggering more purchases. A virtuous circle is born. If anyone is interested in helping to crash JP Morgan, buy silver. In the end, it's about transferring wealth back to the people from where it came.
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Amos
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« Reply #653 on: May 10, 2011, 07:38:53 AM » |
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Anatomy of Silver Manipulation - How Low Can It Go? http://seekingalpha.com/article/268691-anatomy-of-silver-manipulation-how-low-can-it-go In short, it is time to stop thinking about short term gambling, because no metric you use is safe against the depredations of a manipulation that regulators refuse to stop. Buy with the long term in mind and wait for the market to punish the manipulators, which it will. Take physical delivery if you buy at the futures markets. Remember, the primary value of precious metals is NOT in making “big money” from gambling in the banker-controlled gambling casinos. We have always strongly suggested that only very small gambles like those you would make in Las Vegas should be made on a speculative basis. But buying on big dips, like this one, is not a speculative undertaking. It is long-term investing. The long term power of silver, like gold and platinum, is to preserve the buying power you’ve worked for all your life. |
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Letsbereal
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« Reply #654 on: May 10, 2011, 07:58:28 AM » |
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« Reply #655 on: May 12, 2011, 08:58:00 AM » |
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« Reply #656 on: May 12, 2011, 05:29:40 PM » |
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Silver was 'manipulated' down, Sprott says
12 May 2011, by Alistair Barr - Las Vegas (MarketWatch) http://www.marketwatch.com/story/silver-was-manipulated-down-sprott-says-2011-05-12-1529430Silver has been manipulated down in recent weeks, Eric Sprott, head of Sprott Asset Management, said Thursday. Silver slumped by $6 in 13 minutes late on a recent Sunday, when the market was thinnest, Sprott noted during the SkyBridge Alternatives Conference in Las Vegas. That was followed by four margin increases, Sprott added. Sprott recently launched a silver fund and has been a gold bull for at least a decade. Despite the recent drop in precious metals, Sprott reckons they are a good way to protect against trouble in the banking system and a potential devaluation of the U.S. dollar and other paper currencies. " The market has judged the world's reserve currency as gold," he said on Thursday.
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« Reply #657 on: May 13, 2011, 05:44:55 AM » |
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ekimdrachir
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« Reply #661 on: May 16, 2011, 08:22:31 PM » |
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Silvers really low compared with recent highs, this must be a huge buying window, because I really can't see looking at the long term trends how gold or silver could come down in price permanently.
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ekimdrachir
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« Reply #662 on: May 20, 2011, 01:05:50 PM » |
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I really hope to get some more before the next rally starts, Silver prices aren't fooling me, its a buyers market.
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Nailer
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« Reply #665 on: May 23, 2011, 04:09:11 AM » |
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better buy something that has real value as the markets do not look good today. Markets in europe all in the RED.. FTSE 100 INDEX 5,847.37 -101.12 -1.70% HANG SENG INDEX 22,711.00 -488.37 -2.11% FTSE MIB INDEX 20,598.20 -638.66 -3.01% http://www.bloomberg.com/markets/ |
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I am a realist that is slightly conservative yet I have some republican demeanor that can turn democrat when I feel the urge to flip independant.
The truth shall set you free, if not a 45ACP round will do the trick.. HEHE
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ekimdrachir
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« Reply #667 on: May 25, 2011, 05:16:01 AM » |
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 *Not a scientific graph |
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« Reply #668 on: May 25, 2011, 02:21:57 PM » |
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Gold gains; silver rallies more than 4% - Both metals settle at multiweek highs
25 May 2011, by Claudia Assis and Sarah Turner - San Francisco (MarketWatch) http://www.marketwatch.com/story/gold-futures-edge-lower-in-electronic-trading-2011-05-25Excerpt:Silver futures rallied 4.2%, with the July contract settling at $37.64 an ounce, the highest for the metal since May 10. Silver was more of a speculator market, Lesh said. It was getting a push from smaller investors priced out of gold above $1,500 an ounce, particularly after its recent selloff, he added. “Silver continues to function as the poor man’s gold,” Lesh said.
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« Reply #670 on: May 25, 2011, 04:24:11 PM » |
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« Reply #671 on: May 25, 2011, 04:33:11 PM » |
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« Reply #672 on: May 25, 2011, 07:18:56 PM » |
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« Reply #673 on: May 26, 2011, 01:50:51 PM » |
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Keiser Report: Gold Stands Rock Hard (E150) http://www.youtube.com/watch?v=CmD0s3us_vAThis week Max Keiser and co-host, Stacy Herbert, report on American anger at gas prices, Middle East fears on wheat prices and the Chinese love for gold that has double in a year. In the second half of the show, Max talks to investment adviser, Ned Naylor-Leyland of Cheviot Asset Management in London, about thousand ounce silver bars and the precious metals market. Comment: http://maxkeiser.com/2011/05/26/keiser-report-gold-stands-rock-hard/
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« Reply #677 on: May 27, 2011, 03:31:06 PM » |
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Manipulation Of Silver Price By JP Morgan? History (Bunker Hunt) Repeats It Self http://www.youtube.com/watch?v=zFLleAegNII
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« Reply #679 on: May 28, 2011, 01:56:23 PM » |
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Bob Chapman - Discount Gold Silver Trading 27 May 2011 http://www.youtube.com/watch?v=qMQ_grJ1EqwThis is the full 30min version (other was only 13min).
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