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InvisibleAsante
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ATTENTION: Buy opportunity for Silver emerging * 1
    #14404124 - 05/05/11 08:19 AM (12 years, 8 months ago)

In case anyone missed it, heres an in-your-face thread about it:

In the past days silver dropped about $10 per ounce from being near to the barrier of psychological resistance of $50 to $38.

No one knows how low it will go so watch this like a hawk if you plan to buy in, but right now, silver is down over $300 per kilo, over $1,000 down per 100oz bar.

I'd like to remind shocked newbie silverbugs that this big loss is not a time for




These things happen, dont get cold feet and keep your eyes on the goal.

So what you lost the value of a new car in this dip, I did, you dont hear me complaining. :awesomenod:

This is NOT a time for panic, its a pothole in a road thats still going up as far as we can see it.

Ask yourself: what has really changed in the big picture? This is not silvers parting kick in the nuts, its a buy opportunity emerging for people who want in or for those wanting to add to their stack.

You're on your own, you always were. Plan and research your steps carefully and make your own decisions. Your wealth, your responsibility.

Just putting up a sign here that either a big change happened or is in the process of getting bigger.

Silver never was for the squeamish :thumbup:



My congrats to Trendal, who wanted into gold so had concrete plans for the $$, for selling right at the summit. Good call man :hug:


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Offlinedrawde
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14404181 - 05/05/11 08:34 AM (12 years, 8 months ago)

Indeeedie... thanks for the reminder.



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OfflinegeokillsA
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14405028 - 05/05/11 12:21 PM (12 years, 8 months ago)

While I agree that we are close to a buying opportunity in the silver metal, I would also caution members not to mistake a buying opportunity for a "must load up the boat right now as fast as I can" opportunity.  The extreme level of selling that the metal is seeing this week is likely to create a decent amount of regret as the price of the metal starts to move higher in attempts to chew through the resistance created by the folks who were buying at the top.  In other words, don't look at the chart and focus on the period from February through last week and expect that such a steep slope of incline is likely to immediately resume.  Unless there is some exogenous event that takes place, the price of silver is going to have to grind around a bit, so don't feel like you need to buy everything you want to buy immediately... I think you'll have plenty of time to accumulate a position. 

For nimble traders, I would wait for an uptick and take a quick trade expecting a throw back to somewhere around $37 - $38 in the coming days or weeks.  For longer term investors, there really isn't anything wrong with taking a little bit right now, but I would definitely be buying in scales since as of this writing, silver is still under heavy distribution, down another 9% on the day on very heavy volume and now nearly 30% off of its high.


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InvisibleAsante
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14405142 - 05/05/11 12:53 PM (12 years, 8 months ago)

Sage advice as always :thumbup:


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Edited by Asante (05/05/11 12:53 PM)


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Offlineimachavel
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14405734 - 05/05/11 03:02 PM (12 years, 8 months ago)

this is definitely a technical analysis compared to a fundamental one then. a day trade i take it?


that's great if you expect it to go back up to it's previous balanced trade value. but why is it losing so much value? what about a 3 year future estimate on the stock value?

i'm curious as to why this has dropped, and haven't done much research on it myself.


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Offlineimachavel
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14405778 - 05/05/11 03:13 PM (12 years, 8 months ago)

Quote:

geokills said:
While I agree that we are close to a buying opportunity in the silver metal, I would also caution members not to mistake a buying opportunity for a "must load up the boat right now as fast as I can" opportunity.  The extreme level of selling that the metal is seeing this week is likely to create a decent amount of regret as the price of the metal starts to move higher in attempts to chew through the resistance created by the folks who were buying at the top.  In other words, don't look at the chart and focus on the period from February through last week and expect that such a steep slope of incline is likely to immediately resume.  Unless there is some exogenous event that takes place, the price of silver is going to have to grind around a bit, so don't feel like you need to buy everything you want to buy immediately... I think you'll have plenty of time to accumulate a position. 

For nimble traders, I would wait for an uptick and take a quick trade expecting a throw back to somewhere around $37 - $38 in the coming days or weeks.  For longer term investors, there really isn't anything wrong with taking a little bit right now, but I would definitely be buying in scales since as of this writing, silver is still under heavy distribution, down another 9% on the day on very heavy volume and now nearly 30% off of its high.





i guess this is what i was trying to say, sorry i sputtered off on a track of rambling. looking at it technically might double your money, don't get me wrong. but expect a long term fundamental analysis if you want to realize why it dropped. it might not be safe, who is to say it will definitely return to it's previous value so quickly?

don't forget these things are risks. look at barnes and nobles, a lot of people thought the first drop was a rare thing to happen to it's value, and that it'd make a quick return. well it just happened to be the first step on a long one to the road to bankruptcy. truthfully it had such good previous stock listings.

and if not the best, definitely not the worst. maybe it wasn't in the top ten ticker, but it didn't suck. so always be careful, i don't see why it'd drop off the scale, but don't be so sure. always ask geokills, he is pretty smart.


a friend of my dads who is a stock brocker read one of his posts one day and gave me this long shpiel about how his advice was really technical and not fundamental. not impressed. :lol:

but then later i found most of his opinions synched up with geos and didn't understand then why he disagreed with him. geo seems to keep track of this stuff a lot, and makes good analysis. and no one thing is ever so predictable anyway. i find stock brockers can be really cocky and sometimes lazy, not even knowing their own stock that they recommend so well, getting a lot of people to do the analysis for them, then feeding that to their customers. i don't think it's wise to say that supply and demand is not a long term fundamental analysis. only idiots really take a stock buy and sell, as something that isn't effected by supply and demand. i mean what CAN you buy and sell without supply and demand? anything? oh jesus i just realized that. no, nothing :lol:


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InvisibleDieCommie

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14406386 - 05/05/11 05:26 PM (12 years, 8 months ago)

I had thoughts of selling more of my silver in the past couple of weeks.  Too bad I didnt, but at this point I dont think Im gonna buy or sell.


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Invisiblezorbman
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14408109 - 05/05/11 11:48 PM (12 years, 8 months ago)

QE3 and the Silver Entry Point

by John Rubino


With QE2 scheduled to wind down this summer and millions of American voters still unemployed, it was clear that the Fed was itching to keep the monetary spigot open. But how would that be possible with oil, food, and precious metals at or near historic highs and the dollar at multi-year lows? Clearly, something would have to happen to justify QE3.

Now we know what. On April 27 the Fed confirms that QE2 will end pretty soon, and one week later a slew of bad economic numbers just happen to hit the headlines. First-time jobless claims, productivity, consumer confidence all suddenly appear to contradict the idea that a sustainable recovery is underway. Stocks tank, oil falls, and gold and silver retrace their post-Bernanke press conference parabolic spikes. The economy is suddenly looking double-dipish.



This might be pure coincidence, of course, but the timing is definitely propitious for a government that 1) knows it has to inflate away the dollar if it’s to have any hope of maintaining its global military empire and cradle-to-grave welfare system, and 2) has an election coming up in which a roaring 2012 economy is crucial.

Now get ready for the spread of the 1931 meme, in which the current false spring is compared to the one that preceded the descent into the Great Depression. Talking heads will demand action, government officials will claim to be watching the situation closely, and economists will start debating the form of the next stimulus plan. Then — with plenty of time for the folks in power to claim credit during the election campaign — Washington will announce something that puts QE2 to shame. Shock and awe on a Krugmanesque scale will hit the markets. And the plan to inflate away the dollar will really get going.

No real surprises here, but a dilemma for investors. How much trauma will the financial markets have to suffer before it’s a “crisis” capable of justifying QE3? What level on the Dow are we talking about? And where will gold, silver and oil have to go to wash away those pesky inflationary expectations? Put another way, where is the entry point for the next — inevitable — parabolic move up? Is it $30 silver or does the plan require $20?

It’s safe to say that the entire sound money world has spent the past six months wishing we’d mortgaged the house and bought Silver Eagles. Now, just maybe, we’re getting one last chance.

So, two questions:

1) Where’s the bottom? Obviously that’s unknowable, so the only reasonable approach is to ease in, hope it goes lower and then buy more. Eventually silver will stop falling and by then you’ll own a bunch of it.

2) Bullion or mining stocks? A while back Paper Empire published a chart that validates what owners of silver mining shares had been feeling: the miners had underperformed bullion to an absolutely historic degree. The obvious response was to short bullion and go long the stocks on the assumption that no matter what silver did, the stocks would have to outperform bullion.

It’s probably too late for that now, and with both bullion and stocks falling right now, it’s not clear how the relationship is evolving. But it will be a good idea to track it, for instance by setting up a spreadsheet that updates daily, as an indicator of which kind of silver to bet the farm on.

http://www.financialsense.com/contributors/john-rubino/qe-3-and-the-silver-entry-point


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InvisibletrendalM
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14408808 - 05/06/11 06:39 AM (12 years, 8 months ago)

Quote:

Wiccan_Seeker said:
My congrats to Trendal, who wanted into gold so had concrete plans for the $$, for selling right at the summit. Good call man :hug:




Thanks! It was mostly luck, though, as I think most deals are with silver! I had the auctions set to end Monday morning, so they all saw the max of the price run up.


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Invisiblememes
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: zorbman]
    #14408823 - 05/06/11 06:47 AM (12 years, 8 months ago)

Quote:

zorbman said:
First-time jobless claims, productivity, consumer confidence all suddenly appear to contradict the idea that a sustainable recovery is underway.



Well, the employment number just came out at +244,000 -- which is about 75,000 higher than people were thinking.

Productivity is down because employers are hiring again.  They could no longer squeeze any more productivity out of their shrunk workforce.  When employees increase by more than output, productivity declines.

And consumer confidence is taking hits from the price of oil thats getting squeezed between the pending summer demand, the lack of supply from libya, and (to a lesser extent) furthur fears  of potential uprisings in other middle-eastern oil-producing nations.


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InvisibleLana
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: imachavel]
    #14408846 - 05/06/11 06:57 AM (12 years, 8 months ago)

Quote:

imachavel said:
but why is it losing so much value? what about a 3 year future estimate on the stock value?

i'm curious as to why this has dropped, and haven't done much research on it myself.





The move in silver (as others above have said) is technical.  The drop in price is due to margin requirements going into effect this Monday, May 9th.    Read more about it here - http://www.bloomberg.com/news/2011-05-05/silver-investors-dump-futures-as-comex-boosts-speculator-trading-costs-84-.html

Silver Investors Dump Bets After Exchange Boosts Margins 84%
The biggest slump for silver since 1983 may not be over as the Comex exchange in New York makes it 84 percent more expensive for speculators to trade the metal, triggering an exit by investors.

The minimum amount of cash that must be deposited when borrowing from brokers to open new positions will rise to $21,600 per contract after May 9, CME Group Ltd., Comex’s owner, said yesterday. That’s up from $11,745 two weeks ago. Open interest in futures has tumbled about 15 percent since the exchange began raising margin requirements on April 25.
----------------------------------------------
Straight from the horses mouth :smile:

http://openmarkets.cmegroup.com/clearing/understanding-margin-changes/#utm_source=rss&utm_medium=rss&utm_campaign=understanding-margin-changes

----------------------------------------------

I've read that due to the new margin requirements, it's now actually more expensive to trade silver options than gold. 

Lana


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OfflinegeokillsA
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14409110 - 05/06/11 08:51 AM (12 years, 8 months ago)

Silver is bouncing this morning.  This is the time that you want to take at least a partial position if you have any interest at all in the metal, since you can set a stop loss at yesterday's low, thereby limiting your downside risk while allowing yourself to capitalize off of an oversold throwback into the $37 - $38 / oz area.

I am long AGQ (leveraged SLV) for a trade only.  I may hold on to a little piece of it, but most of the position will be sold by the end of the day.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Lana]
    #14409114 - 05/06/11 08:52 AM (12 years, 8 months ago)

There damn well may be, right around here. But, don't dive in yet! Excellent daily RSI failure (oversell) and a 3 buck pop since. Let it consolidate a bit in this 35/36 range and we'll see what happens. Lookin' at buying, myself.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14409126 - 05/06/11 08:54 AM (12 years, 8 months ago)

Ooops. 2 different views, posted at the same exact time! lol!


Edited by Hotnuts (05/06/11 08:54 AM)


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OfflinegeokillsA
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14409138 - 05/06/11 08:58 AM (12 years, 8 months ago)

That's what makes a market! :wink:

Also just read this on the StockMarketMentor private subscription forum:
Quote:

silver -I have a last in July silver of $36.13. Above $37, the new shorts will begin to get squeezed and older (24 hours+) shorts will begin to sense that the fun is over and lock in some profits, thereby adding to the buying pressure. If we've indeed found a bottom, silver may, by Monday, trade back UP near $38-40.

In a traditional bottom, silver would then trade back DOWN toward $35 later next week. At that point we'd have the makings of a solid double bottom. THAT WILL BE YOUR ENTRY POINT.

If you're not currently long, I would advise you against buying this rally. With a potential short-term upside of $3 vs a downside of $2, its just not a tradable proposition. IF, however, the next week or so plays our as I've described above, the risk:reward will swing dramatically in our favor and we can act decisively then.






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Invisibleteknix
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14411504 - 05/06/11 05:43 PM (12 years, 8 months ago)

I'm excited I have some money back to buy some even cheaper :smile:

This is teh best 1 imo~



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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14412379 - 05/06/11 08:41 PM (12 years, 8 months ago)

Quote:

geokills said:
That's what makes a market! :wink:

Also just read this on the StockMarketMentor private subscription forum:
Quote:

silver -I have a last in July silver of $36.13. Above $37, the new shorts will begin to get squeezed and older (24 hours+) shorts will begin to sense that the fun is over and lock in some profits, thereby adding to the buying pressure. If we've indeed found a bottom, silver may, by Monday, trade back UP near $38-40.

In a traditional bottom, silver would then trade back DOWN toward $35 later next week. At that point we'd have the makings of a solid double bottom. THAT WILL BE YOUR ENTRY POINT.

If you're not currently long, I would advise you against buying this rally. With a potential short-term upside of $3 vs a downside of $2, its just not a tradable proposition. IF, however, the next week or so plays our as I've described above, the risk:reward will swing dramatically in our favor and we can act decisively then.









I'm a dollar bull, so i'm only looking to trade a retracement and that's it. If shit hits the fan as i'm expecting, I wouldn't be surprised to see single digit silver.


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InvisibleAsante
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14413936 - 05/07/11 05:56 AM (12 years, 8 months ago)

Quote:

I wouldn't be surprised to see single digit silver.





I just came :curbyourenthusiasm:


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Invisiblememes
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #14413952 - 05/07/11 06:08 AM (12 years, 8 months ago)

If silver hits single digits even I'll be buying.  and i'm MEAMS.


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OfflineTaco Chef
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14413958 - 05/07/11 06:11 AM (12 years, 8 months ago)

so is this just another market bubble bursting, and in general do you think this sell off was connected to the general sell off in commodities, most notably oil, at the end of last week?


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InvisibleAsante
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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)

Quote:

If silver hits single digits even I'll be buying.  and i'm MEAMS.





This I got to see :rockon:


Bring it on!


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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)

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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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14415258 - 05/07/11 01:28 PM (12 years, 8 months ago)

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!


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OfflinegeokillsA
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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)

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.




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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)

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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Re: ATTENTION: Buy opportunity for Silver emerging [Re: geokills]
    #14420969 - 05/08/11 06:25 PM (12 years, 8 months ago)

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.


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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)

very very interesting article.


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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)

This is a fun thread :smile:

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.


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OfflineYrat
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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)

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 :cool:


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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Offlineimachavel
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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)

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


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Edited by imachavel (05/11/11 11:21 AM)


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OfflineUniversalParadox
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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)

I think silver will soon be back in the $50 area and be in the $100-$200 in the next five years.


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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)

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 :lol:


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OfflineUniversalParadox
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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)

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.


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OfflineYrat
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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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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
    #14480109 - 05/19/11 06:15 PM (12 years, 8 months ago)

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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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14480737 - 05/19/11 08:10 PM (12 years, 8 months ago)

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 :smile:


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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)

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 :smile:

Lana


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OfflineYrat
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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)

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.


--------------------
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Edited by Yrat (05/20/11 09:05 AM)


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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)

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.


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OfflineUniversalParadox
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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)

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?


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
    #14490468 - 05/21/11 04:42 PM (12 years, 8 months ago)

There is no way prices will drop across the board. Yeah, the stock market is capable of doing it but if you think oil, gold, and food are all going to drop in price, there is some waterfront property on the mississippi you might be interested in buying. For that to happen the dollar would have to shoot up and that is not going to happen. The dollar will tank with or without more qe. With it, it'll drop even faster which is why they are hesitant to crank it back up. I'd love to see both gold and oil drop by $50 and i've got a substantial amount of gold. But i buy gas all the time and i'm not just about to sell any gold.

Both gold and silver along with all other commodities will go up a lot in the long run. There could be a financial apocalypse coming soon if the politicians don't get their act together.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
    #14492268 - 05/22/11 01:05 AM (12 years, 8 months ago)

You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14492516 - 05/22/11 02:41 AM (12 years, 8 months ago)

Quote:

Hotnuts said:
You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.




U jealous?

What makes you think the dollar is going to be on the upside for the rest of my lifetime?

You;re just mad because you were too late to load up on $7/oz silver like me.

Prolly were too busy watching your portfolio tank.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14493229 - 05/22/11 09:40 AM (12 years, 8 months ago)

Quote:

Hotnuts said:
You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.




:rofl2:


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OfflineYrat
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14493427 - 05/22/11 10:47 AM (12 years, 8 months ago)

Quote:

Hotnuts said:
You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.




:rofl:

yeah, sucks to be up 350% right now.

but then again, i'm not about to buy fiat dollars with my silver again, so pricing my metal in paper is meaningless.  buy physical.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
    #14493971 - 05/22/11 12:57 PM (12 years, 8 months ago)

Yeah, i should have sold my 3 or 4 oz of silver. I could have made an extra $30 or so! Oh what will i do now? Wait for it to go down some more and buy perhaps.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
    #14494486 - 05/22/11 03:12 PM (12 years, 8 months ago)

Not mad, any whatsoever. I do well over 300% profit trades, several times a month in forex. And I was just messing around with you guys! Relax.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
    #14497941 - 05/23/11 07:34 AM (12 years, 8 months ago)

Quote:

UniversalParadox said:
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?





Just diversify.

Gold and silver are great to add to your investment portfolio, but so are stocks and even cash.  Don't put all your eggs in one basket.

I do agree with what zorbman  said, "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."

This to me is interesting because most governments/politicians never miss the opportunity to exploit a crisis.  Even if that crisis is made by that same gov't/politician. 

When you go to the grocery store, you don't buy all meat or all bread.  You buy a little of everything.  Why wouldn't you do the same with your investments?  A little silver, a little gold, etc...

Lana


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Lana]
    #14499408 - 05/23/11 02:32 PM (12 years, 8 months ago)

You have a good point, lana. That's why i'm not buying more gold right now but might buy silver or more real estate. Cash is ok but looks to tank in the long run. If the govt gives in to temptation on more qe, the dollar will collapse faster but it's demise in the form of inflation is certain. The likelihood of commodity prices collapsing is almost nil. That's like saying the dollar and related currencies will go way way up in value. Not gonna happen.

You have a group of pathological liars and thieves (govt) in charge of monetary policy which is why we are in this situation to begin with and why cash has already lost most of it's value. Just go back 40 years and the dollar was worth around 10 times as much. Go back 100 or so years and it was worth 50 times as much. How long before it's worth zero? It will approach zero but probably never get there. They will just add more zeros to the bank notes, bringing back the 500 and $1000 bills. Later, the 5000 and 10,000 will appear in circulation. By then gas will be $1000 or more per tank. And it will get worse

I'd love to see gold and silver prices tank. I'd buy the heck out of them and so would a lot of other people. That is why it won't happen. Anyone with sense would rather have precious metals than cash although you do need some cash liquidity. It just makes a horrible investment and keeping a lot in cash is not a good idea. Gold is highly liquid which makes it even more attractive. In one afternoon you can get a check for your gold and cash it.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
    #14504845 - 05/24/11 02:35 PM (12 years, 8 months ago)

Silver and gold charts, are looking pretty damn good right here! Trade's really thin, so you have to take that into account. And if poo hits the fan (which it already is, but as i've mentioned before, the US stock markets are terrible), will folks buy pm's in that environment? The answer's "no". A currency crisis, then buy gold with that currency, if you can. Hard to say wtf's coming around the corner next! Easy bet, that something terrible is. lmao! These folks have are beautiful world all screwed up.


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OfflineUniversalParadox
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
    #14509877 - 05/25/11 01:21 PM (12 years, 8 months ago)

If precious metal prices collapse, won't the premiums go way up and wont precious metals dry up and the same time?


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
    #14510515 - 05/25/11 03:50 PM (12 years, 8 months ago)

Quote:

UniversalParadox said:
IfWhen precious metal prices collapse, won't the premiums go way up and wont precious metals dry up and the same time?



Fixed for you.  Firm believer that extended periods of negative real Fed Funds rates leads to economic bubbles?  Think the protracted negative FF rate from 2001-2004 helped cause the Housing bubble?

Then you're probably thinking this current protracted period is leading to the PM bubble, right?

$50 --> $36 wasn't that the drop?  Bubbly behavior there.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
    #14512299 - 05/25/11 10:03 PM (12 years, 8 months ago)

There is pull back in the metals, but thats due to people selling them off,(its artificially high also from hedge funds buying it)the metal with the best future, Imo is Rhodium its as cheap as gold,and the all time high was almost ten times what it is now, and as the Dollar rises, it will also as more people buy cars, Or use it in fuel cells for alternative energy vehicles.


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: 2jew4u]
    #14514998 - 05/26/11 12:19 PM (12 years, 8 months ago)

Meams, you are assuming the dollar has a fixed value when you are calculating your bubbles. The dollar is fiat and has no intrinsic value at all. For metals or commodities in general to fall a lot in price, would mean the dollar was worth a lot more and deflation had set in. The only time we ever had deflation beyond an insignificant percentage was during the depression when the dollar was fixed to gold and silver. We are teetering on the edge of default right now. Do the math, commodities are going up not down and the dollar is headed toward the basement fast as politicians can stuff their pockets.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
    #14515931 - 05/26/11 03:19 PM (12 years, 8 months ago)

The bubble is in the dollar, not metals.


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OfflineYrat
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
    #14515944 - 05/26/11 03:22 PM (12 years, 8 months ago)

stonehenge, while i agree with you about fiat, you are completely ignoring supply/demand, speculation, etc. 

prices aren't simply inverse to the dollar.  there is always more to it than that.

besides, meams calling silver bubbly is my contrarian indicator to BUY BUY BUY!  :cool:

Quote:

UniversalParadox said:
If precious metal prices collapse, won't the premiums go way up and wont precious metals dry up and the same time?




you have highlighted the issue between the paper supply of metal, and the real physical metal.  it is estimated that there are 100oz of "paper" silver contracts for every 1oz of real silver in existence.

  the paper price could go to zero, but there is no way in hell anyone would be selling their metal.  if large warehouse inventories of metals are shown to lack the quantities of physical that they claim to own, you could quickly see a massive divergence between the paper "spot" price for silver, and the price for actual physical.

zorb, :thumbup: right on


--------------------
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: zorbman]
    #14515963 - 05/26/11 03:26 PM (12 years, 8 months ago)

The bubble?


A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that circulate widely outside the country of issue.
Major currencies index includes the Euro Area, Canada, Japan, United Kingdom, Switzerland, Australia, and Sweden.







?


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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
    #14516028 - 05/26/11 03:43 PM (12 years, 8 months ago)

I'm not ignoring supply and demand. When fiat money starts to fall apart, there will be even more demand for gold, silver and even copper. The euro and dollar are like punch drunk fighters looking for a soft place to land when they fall down. Much of the value of the yuan is based on china's holdings of foreign currency and assumptions on their continued prosperity. There is no gold behind it that i'm aware of.

The politicians passed laws saying you can't create your own currency. They are afraid of the competition.

I'm not aware of any money backed by gold or silver. The dollar will be headed into free fall in the next few years. I'm still hoping to pick up some more foreclosures. Maybe i'll see a dip in prices and buy more silver or gold. Too much cash is not good.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
    #14516043 - 05/26/11 03:45 PM (12 years, 8 months ago)

i don't think indexing a fiat currency against other fiats is really all that accurate in determining "value."

what happens when you and a buddy jump out of a plane?  you float right next to each other, relatively speaking.  doesn't mean you're both still not falling...


--------------------
"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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Invisiblememes
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
    #14516058 - 05/26/11 03:48 PM (12 years, 8 months ago)

K show me the graph I should be looking at.  kthnx.


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OfflineYrat
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
    #14516188 - 05/26/11 04:09 PM (12 years, 8 months ago)

just invert a chart of *insert_X_here*.  do you see a trend amongst all of these? http://www.finviz.com/futures_charts.ashx?t=ALL&p=w1

what is your definition of a bubble?  unsustainably high speculative prices?  massive oversupply combined with price discovery failure? 



what are you looking for?


--------------------
"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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Invisiblememes
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
    #14517089 - 05/26/11 07:02 PM (12 years, 8 months ago)

when i think bubble i think a hoard of people searching for returns in an interest-less society resulting in a bandwagon effect in XYZ asset.  In this case - i suggested PMs. 

Silver is the obvious choice.  This doesnt look bubbly to u?  I'm sitting here actually agreeing with you -- that silver is poised to raise above and beyond what I would have ever thought.




I mean.... ---- check it out.


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OfflineYrat
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
    #14517166 - 05/26/11 07:16 PM (12 years, 8 months ago)

well, i think silver has some other things going for it... including the unraveling of years of manipulative price suppression, dwindling above ground supplies in the face of increasing industrial demand, increased investor demand for diversification out of the dollar and other fiats, etc.

i think we have a long way to go before we get to bubble territory.  the inflation-adjusted high alone is somewhere in the ball park of $150/oz.  a silver bubble certainly can/will happen, eventually, but i don't think we're there yet. 


--------------------
"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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Invisiblememes
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
    #14517203 - 05/26/11 07:24 PM (12 years, 8 months ago)

i'm debating riding it up :shrug:


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OfflineYrat
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
    #14517241 - 05/26/11 07:32 PM (12 years, 8 months ago)

if you decide on it, i suggest physical in the form of rounds or coins, and not ETF paper contracts.  with what is potentially coming down the road, the last thing you'd want would be to find yourself left holding the bag in the form of empty paper promises.

check these blogs out every day or so to start getting a feel for the mindset.  as with most blogs, the comments can be the most informative.

http://tfmetalsreport.blogspot.com

http://jsmineset.com

http://silvergoldsilver.blogspot.com

http://traderdannorcini.blogspot.com

http://harveyorgan.blogspot.com


--------------------
"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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Invisiblethescientist
Registered: 03/09/02
Posts: 807
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Asante]
    #19903732 - 04/26/14 03:57 PM (9 years, 8 months ago)

Quote:

Asante said:
In case anyone missed it, heres an in-your-face thread about it:

In the past days silver dropped about $10 per ounce from being near to the barrier of psychological resistance of $50 to $38.

No one knows how low it will go so watch this like a hawk if you plan to buy in, but right now, silver is down over $300 per kilo, over $1,000 down per 100oz bar.

I'd like to remind shocked newbie silverbugs that this big loss is not a time for




These things happen, dont get cold feet and keep your eyes on the goal.

So what you lost the value of a new car in this dip, I did, you dont hear me complaining. :awesomenod:

This is NOT a time for panic, its a pothole in a road thats still going up as far as we can see it.

Ask yourself: what has really changed in the big picture? This is not silvers parting kick in the nuts, its a buy opportunity emerging for people who want in or for those wanting to add to their stack.

You're on your own, you always were. Plan and research your steps carefully and make your own decisions. Your wealth, your responsibility.

Just putting up a sign here that either a big change happened or is in the process of getting bigger.

Silver never was for the squeamish :thumbup:



My congrats to Trendal, who wanted into gold so had concrete plans for the $$, for selling right at the summit. Good call man :hug:




How did this work out for everyone?


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: ATTENTION: Buy opportunity for Silver emerging [Re: thescientist]
    #19905126 - 04/26/14 10:28 PM (9 years, 8 months ago)

I sold my cache in the upper $30s a few years ago.  Then about six months ago I bought about the same amount back with bitcoins when they where high.  Worked great for me.  :grin:


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