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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
#14413992 - 05/07/11 06:33 AM (12 years, 8 months ago) |
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Quote:
If silver hits single digits even I'll be buying. and i'm MEAMS.
This I got to see 
Bring it on!
-------------------- Omnicyclion.org higher knowledge starts here
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Hotnuts
old hand



Registered: 02/26/05
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
#14414134 - 05/07/11 07:42 AM (12 years, 8 months ago) |
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Quote:
meams said: If silver hits single digits even I'll be buying. and i'm MEAMS.
Same here. Physical, out the arse!
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cole2684
Gamer



Registered: 02/17/10
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
#14415258 - 05/07/11 01:28 PM (12 years, 8 months ago) |
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Single digits... I would sell my car and load up asap.
But I think the price has bottomed out now. I'm anxiously waiting for monday!
-------------------- --------------------------------------------- I'm a man who really enjoys his taffy. ---------------------------------------------
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
#14418674 - 05/08/11 09:15 AM (12 years, 8 months ago) |
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Another interesting tidbit of speculation:Quote:
SLV interesting concept from commodityonline.com
..." Some months ago, supplies of silver started to tighten, and silver went into backwardation. This means that prices for silver futures were lower than spot prices for the metal. This, in turn, means that people were not willing to accept future promises of silver delivery on futures exchanges.
They wanted their metal at the present. Something else happened, too. Some silver longs on the Comex started to ask for delivery of physical metal, rather than settle their contracts in cash, or roll them over into the next delivery month. The Comex was caught with its pants down. (At the time of this writing, the Comex had about 33 million ounces of silver to deliver against more than 600 million ounces worth of silver contracts.)
Even if a tiny fraction of the longs took delivery, the Comex would have been busted, and their paper fraud would have been exposed. In other words, the Comex has insufficient silver to deliver, by a wide margin. It must be remembered that many of the players on the Comex, such as hedge funds and other managed accounts, are only interested in paper profits. They are not interested in taking physical possession of the metal, which, in reality, is their folly.
Their only interest is in showing high profits to their clients, so they can earn 20% or so of the profits they generate. On the short side of the silver trade are bullion banks, who, in cohorts with the Federal Reserve, want to preserve what is left of the declining dollar. If gold and silver rise against the dollar very rapidly, there may be a cascading effect, and we may see a waterfall collapse in the dollar.
At the time of writing, the dollat index had fallen below 74, and the only level left to protect was the band between 71 and 72. Below that was an abyss.
Once the dollar got there, it could have gone down to 60, marking the beginnings of a complete collapse. The Comex, in order to protect its own clients, the bullion banks, and the dollar, decided to raise the margins on silver contracts an unprecedented five times in three weeks.
This was the degree of fear at the Comex; that the silver market could bring the Exchange down, along with its bullion banks. So they decided to cut the legs from under the hedge funds. Unable to come up with the extra margins, the hedge funds were forced to liquidate.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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bryguy27007
Cosmonaut



Registered: 01/26/08
Posts: 10,525
Loc:
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
#14419652 - 05/08/11 01:33 PM (12 years, 8 months ago) |
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I bought around 5 ounces at 36. That's all I could afford, shame I couldn't take advantage of the dip more.
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zorbman
blarrr


Registered: 06/04/04
Posts: 5,952
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
#14420969 - 05/08/11 06:25 PM (12 years, 8 months ago) |
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Good article. That's why I always tell people to not accept anything less than physical silver.
No paper promises.
I think they've just kicked the can down the road and that explosive scenario will unfold eventually when people realize there isn't enough physical silver if everyone demands actual delivery. They can hold back the flood waters only so long.
In the meantime, silver may fall further or stay depressed for several months as the dollar climbs higher.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: zorbman]
#14421271 - 05/08/11 07:19 PM (12 years, 8 months ago) |
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very very interesting article.
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Lana
Head Banana


Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
#14423516 - 05/09/11 08:01 AM (12 years, 8 months ago) |
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This is a fun thread
Competition within a market always makes for interesting speculation.
It should be interesting to see how silver prices weigh out when the "Asian Comex" goes online in little over a week.
http://www.commodityonline.com/news/HKMex-set-for-trading-debut-on-May-18-with-1-kg-gold-futures-38544-3-1.html
HKMex set for trading debut on May 18 with 1 kg gold futures
HONG KONG (Commodity Online): The Hong Kong Mercantile Exchange (HKMEx) has received authorisation from the Securities and Futures Commission and will make its trading debut on May 18, 2011 with the 1-kilo gold futures contract offered in US dollars with physical delivery in Hong Kong.
-------------------- Myco Supply - Distributors of Mycological Products http://www.MycoSupply.com The Premiere Source for Mushroom Growing Supplies. Visit us online or call us toll free
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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
Last seen: 2 years, 10 months
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
#14423654 - 05/09/11 08:57 AM (12 years, 8 months ago) |
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good article. silver bugs have been trying to scream this from the rooftops for the last 3 years! it is crazy to see it coming to fruition. when i started to read about and uncover such information in 2008 i loaded up on the physical metal.
the unprecedented margin hikes reek of manipulation. but that is only in the paper game. the suppressed prices allow you to load up on physical metal before the moonshot. i wholly believe silver will see triple digits within the next year or two.
i have another 100oz on the way, i missed the $33 spot bottom, but squeezed it in at just above $35. my cost average is still a cool $14/oz 
gold: $1500/oz platinum: $1800/oz palladium: $730/oz silver: $37/oz
one of these things is not like the others...
also, despite the massive drop in price, OI for silver has actually increased. this presents huge, HUGE problems for the COMEX and JPM if these numbers continue. OI is currently at about 134,000 contracts. a simple 6,000 contracts (at 5,000 oz a piece) standing for delivery would be enough to make the COMEX go bust (~30 mill ozs)
silver blogs to read daily, bookmark them:
http://silvergoldsilver.blogspot.com
http://tfmetalsreport.blogspot.com
http://traderdannorcini.blogspot.com
http://harveyorgan.blogspot.com
Edited by Yrat (05/09/11 09:03 AM)
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imachavel
I loved and lost but I loved-ftw



Registered: 06/06/07
Posts: 31,372
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
#14434423 - 05/11/11 11:19 AM (12 years, 8 months ago) |
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wierd
didn't i ask a little while ago if silvers value would go up? i swore someone told me it would never be in the same ball park as gold, that it's value would only slightly increase.
oh wait i read this wrong. the value decreased? but what is the prediction? is this a good thing or bad thing in future predictions?
i'm surprised silver isn't like everything else basically just blowing up as no one would want to invest in something else in such a horrible market economy. hmmmmm
--------------------
I did not say to edit my signature soulidarity! Now forever I will never remember what I said about understanding the secrets of the universe by paying attention to subtleties!
I'm never giving you the password again. Jerk
Edited by imachavel (05/11/11 11:21 AM)
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UniversalParadox
Stranger Than Fiction

Registered: 01/16/09
Posts: 397
Loc: Placement
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: imachavel]
#14436328 - 05/11/11 06:43 PM (12 years, 8 months ago) |
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I think silver will soon be back in the $50 area and be in the $100-$200 in the next five years.
-------------------- xM�� � �V� �c�R��H�P
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imachavel
I loved and lost but I loved-ftw



Registered: 06/06/07
Posts: 31,372
Loc: You get banned for saying that
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
#14436474 - 05/11/11 07:15 PM (12 years, 8 months ago) |
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sweet
i should invest now huh?
it's rarity will never make it as valuable as gold, but who knows maybe you could still quadruple your money. now on to the next phase, to actually get some money to start buying stocks
--------------------
I did not say to edit my signature soulidarity! Now forever I will never remember what I said about understanding the secrets of the universe by paying attention to subtleties!
I'm never giving you the password again. Jerk
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UniversalParadox
Stranger Than Fiction

Registered: 01/16/09
Posts: 397
Loc: Placement
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: imachavel]
#14461033 - 05/16/11 08:07 AM (12 years, 8 months ago) |
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I think now would be a good time to buy. $30-$35 seems good since we were just in the $50 area. It could go down, but I doubt it'll go under $30 anytime soon. I'd say to start buying now if you don't have any.
-------------------- xM�� � �V� �c�R��H�P
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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
#14480048 - 05/19/11 06:05 PM (12 years, 8 months ago) |
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-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
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Hotnuts
old hand



Registered: 02/26/05
Posts: 3,436
Loc: Wild Blue Yawnder
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
#14480109 - 05/19/11 06:15 PM (12 years, 8 months ago) |
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Don't buy here. It's consolidating it's losses for another massive run down. Do what you want, but I think it's a big mistake.
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Horse_Meister
Edible Farmer



Registered: 01/14/07
Posts: 408
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
#14480737 - 05/19/11 08:10 PM (12 years, 8 months ago) |
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http://inflation.us/videos.html
I came across those videos above^^
I'm scared!
------------------------------
If I wanted to make purchase of gold or silver in physcial form... do coins that come from the mint:
have a false value because of the reputation of where they came from (for example: http://www.mint.ca/store/buy/gold_coins-cat120004?startValue=11&prevVisit=true) does the shaping/design of the coin inflate the price unnecessarily?
If I was to make purchase of gold/silver in physical form... what is the best possible form for them to be in? I'm assuming bars?
Post up links so I can better educate myself
-------------------- KTHXBai2YoU Horse_Meister Life is what happens while you're busy making other plans.
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Lana
Head Banana


Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Horse_Meister]
#14483072 - 05/20/11 07:05 AM (12 years, 8 months ago) |
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If the US government doesn't implement QE3 you'll see silver and gold prices drop.
If QE3 doesn't go into effect, the US will raise interest rates in order to "mop up" some of the money that's floating around.
Think of it this way, if you put $1,000 into a savings account or buy $1,000 in silver or gold. If interest rates go up, your guaranteed that specific interest rate. With gold and silver, there are no guarantees. So people will move out of precious metals and into US dollars.
I've read that QE3 is "unlikely" but .... I don't believe everything I read
Lana
-------------------- Myco Supply - Distributors of Mycological Products http://www.MycoSupply.com The Premiere Source for Mushroom Growing Supplies. Visit us online or call us toll free
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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
Last seen: 2 years, 10 months
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Lana]
#14483406 - 05/20/11 08:59 AM (12 years, 8 months ago) |
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QE can never stop.
literally.
can. never. stop.
Quote:
Lana said:
Think of it this way, if you put $1,000 into a savings account or buy $1,000 in silver or gold. If interest rates go up, your guaranteed that specific interest rate. With gold and silver, there are no guarantees. So people will move out of precious metals and into US dollars.
good luck finding an interest rate that actually outpaces inflation. cash is trash.
-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
Edited by Yrat (05/20/11 09:05 AM)
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zorbman
blarrr


Registered: 06/04/04
Posts: 5,952
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Lana]
#14483861 - 05/20/11 11:09 AM (12 years, 8 months ago) |
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The Federal Reserve appears to have dropped its plans to announce QE3 and says it will allow QE2 to end in June on schedule.
Sounds to me like Bernanke desires another bout with deflation. Because the world is beginning to turn on the Fed and its policies in a major way. People are catching on. Even the Wall Street Journal which the Fed seemingly uses as its own personal media outlet is starting to publish articles critical of QE.
If the Fed pulls its support and stocks and commodities starts collapsing then it can turn around and say, "Told you so. We need QE. or the whole thing goes under"
That's when they'll unveil QE3.
They just need an excuse.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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UniversalParadox
Stranger Than Fiction

Registered: 01/16/09
Posts: 397
Loc: Placement
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Lana]
#14484399 - 05/20/11 01:16 PM (12 years, 8 months ago) |
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Quote:
Lana said: If the US government doesn't implement QE3 you'll see silver and gold prices drop.
Then where should a person put the money?
-------------------- xM�� � �V� �c�R��H�P
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