Silver just hit $22... Again!

[Gaillo]

Can't keep it down, two nights in a row at about the same time... $22.00 silver! ;D

These are truly exciting times!

[Libertarian_Guard]

What did you see there Ernie?

http://i55.tinypic.com/2cgmnf5.jpg

[osoab]

http://www.kitconet.com/images/sp_en_6.gif

But what will happen when New York opens?

[Neuro]

http://www.kitconet.com/images/sp_en_6.gif

But what will happen when New York opens?

It will stay over 22 I think...

[1970 silver art]

http://www.kitconet.com/images/sp_en_6.gif

But what will happen when New York opens?

It will stay over 22 I think...


Yeah it should close above $22 today.

[1970 silver art]

Can't keep it down, two nights in a row at about the same time... $22.00 silver! ;D

These are truly exciting times!



Gaillo, you simply cannot keep a good DOG down. JPMorgan is getting its lunch eaten by that DOG called silver. When it starts to run, it is very hard to slow it down. Once it closes above $22/oz today, then it is within my gut feeling prediction of $23 at the end of the year. It is certainly possible for it to hit (and stay) at $23.00 (or above) before December 31, 2010 but I will be "conservative" and say that it will close at $23.00 (or above) on December 31, 2010.

[Dogman]

Can't keep it down, two nights in a row at about the same time... $22.00 silver! ;D

These are truly exciting times!



Gaillo, you simply cannot keep a good DOG down. JPMorgan is getting its lunch eaten by that DOG called silver. When it starts to run, it is very hard to slow it down. Once it closes above $22/oz today, then it is within my gut feeling prediction of $23 at the end of the year. It is certainly possible for it to hit (and stay) at $23.00 (or above) before December 31, 2010 but I will be "conservative" and say that it will close at $23.00 (or above) on December 31, 2010.




My take is Silver Will be over $23.00 before years end and gold $1325.00. ;D

[Cebu_4_2]

look at the dollar index: http://www.fxstreet.com/rates-charts/usdollar-index/

Silver will be close to 60 by year end and up to 80 January.

(yes hopeful)

[Dogman]

look at the dollar index: http://www.fxstreet.com/rates-charts/usdollar-index/

Silver will be close to 60 by year end and up to 80 January.

(yes hopeful)


Yea someone on the forum said yesterday and in part I believe it. That it is not so much that metals are going up in price as it is the dollar is going down in price.

[Awoke]

We can only hope, my friends....

[Neuro]

look at the dollar index: http://www.fxstreet.com/rates-charts/usdollar-index/

Silver will be close to 60 by year end and up to 80 January.

(yes hopeful)
Virtually free falling now... However European currency and debt crisis part 2 is in the tube. I am more conservative 30 Silver in January... If they don't manage to stop the freefall of the dollar by then, we might see silver at 60-80 early summer, USDX at 55-60...

[chad]

bernake is going to start debasing the shit out of the currency. it's the only option left.

[Neuro]

bernake is going to start debasing the sh*t out of the currency. it's the only option left.

You cant debase something which isn't based on anything to begin with... j/k I get your point

[cortez]

what did the hunt bros get it to? whats the all time high?

[chad]

what did the hunt bros get it to? whats the all time high?


$50 for about 8 seconds. in reality, you could only sell it for around $35. nobody was paying $50 for physical at the time.

[learn2swim]

what did the hunt bros get it to? whats the all time high?


$50 for about 8 seconds. in reality, you could only sell it for around $35. nobody was paying $50 for physical at the time.


True, but "they" will pay $50 for paper silver.... :P

[Silver Rocket Bitches!]

Unless JPM steps back in the game, I see gold trading towards $1350 and silver at $26. That'll put the ratio at a much more historically accurate 52:1.

[Awoke]

Looks like the hammer-down has begun...

>:(

[Silver Shield]

Come on Silver (rocky) get up!
Don't let those banksters hold you down.
Finish up for day week and month.

[chad]

i bought some yesterday at $22.04 :oo-->

[osoab]

i bought some yesterday at $22.04 :oo-->


I picked up some 1oz generics @ 22 even this morning. :taunt:

[Awoke]

i bought some yesterday at $22.04 :oo-->


Hahaha... same here.

[Silver Shield]

victory!
Silver fights back!

[MAGNES]

TRINITY
Trinity, good call, 10 % and 2 bucks is a good call,
BUT , to new highs off an intermediate low, to day, INCREDIBLE CALL BUDDY !
Especially since shorts and OI are at records and frantic. :beers:

[Trinity]

I don't get it MAGNES. I don't think I made any specific calls lately, only that I am always bullish. You're trying to soften me up for something, I know it! I ain't loaning you any money. ;D

[Trinity]

I don't get it MAGNES. I don't think I made any specific calls lately, only that I am always bullish. You're trying to soften me up for something, I know it! I aint loaning you any money. ;D

[MAGNES]

I don't get it MAGNES. I don't think I made any specific calls lately, only that I am always bullish. You're trying to soften me up for something, I know it! I ain't loaning you any money. ;D


$19.60, " now is your chance to get out now " , recently,
anyways, all your concrete floors and hat eating ,
" I am always bullish " explains it.

[Awoke]

Holding nicely over 22 today, so far. No Jinxing allowed!

[Texan]

Congrats to everyone, $22 again!

Now I have to decide whether to sell half of my silver and own the remaining half free of charge.

[bellevuebully]

Daily and weekly close over 22. I think that is more significant than we are giving it credit for. That should get the chartists attention.

[FunnyMoney]

JMHO, but I think 24 is the near term target and then we should see a healthy correction. I do not believe we go lower than $20 or right near that during the correction. It may even be only down a dollar and half or so on the next correction. The manipulators are indeed in control of the paper market now, but I believe that the biggest manipulator is the number 3 producer of silver in the world. They want to encourage their people to buy and they want to see it stair step up with less downside volitility to make that happen. Same with gold, except with gold they are the number one producer.

Remember, it does not take that much paper money to push around the price of silver. The number 3 silver producing country has more paper than anyone and now has trading houses linked into all the world's markets. There is a plan here and it is simple and with vision. Rare and precious metals are going to be a trump card to place ontop of all that paper and manufacturing base. Do you understand the rules in no-limit poker?, You have to be very unlucky or very stupid to lose a big advantage once you have obtained one. The number 3 producer of silver, #1 producer of gold and monopoly holder of rare metals is neither of those two things.

[bellevuebully]

JMHO, but I think 24 is the near term target and then we should see a healthy correction. I do not believe we go lower than $20 or right near that during the correction. It may even be only down a dollar and half or so on the next correction. The manipulators are indeed in control of the paper market now, but I believe that the biggest manipulator is the number 3 producer of silver in the world. They want to encourage their people to buy and they want to see it stair step up with less downside volitility to make that happen. Same with gold, except with gold they are the number one producer.

Remember, it does not take that much paper money to push around the price of silver. The number 3 silver producing country has more paper than anyone and now has trading houses linked into all the world's markets. There is a plan here and it is simple and with vision. Rare and precious metals are going to be a trump card to place ontop of all that paper and manufacturing base. Do you understand the rules in no-limit poker?, You have to be very unlucky or very stupid to lose a big advantage once you have obtained one. The number 3 producer of silver, #1 producer of gold and monopoly holder of rare metals is neither of those two things.


Yes, the chinese put theoretically should stablize heavy downward pressure. Good post fm.

Ironic isn't it? In china they will support the product in which they have encouraged their citizens to buy and in Amerika, they manipulate it so you lose your shirt.

[bellevuebully]

An interesting fact (for which I have not crunched #s for verification)>>>>>I think I picked it up on KWN:

A $4 move in the price of gold at these levels represents the capital requirement to purchase all of the above ground silver inventories in the world.

Ya......thats a pretty small fucen market. Don't be too impressed with silver at 22 or you'll end up blowing your load way to early.

[Neuro]

An interesting fact (for which I have not crunched #s for verification)>>>>>I think I picked it up on KWN:

A $4 move in the price of gold at these levels represents the capital requirement to purchase all of the above ground silver inventories in the world.

Ya......thats a pretty small fucen market. Don't be too impressed with silver at 22 or you'll end up blowing your load way to early.

That is mind blowing! Now add into that the very probable fraud that is in reported above ground silver inventories, what do we get then? A 50 cent move in gold represent enough capital to buy all silver inventories?

[bellevuebully]

An interesting fact (for which I have not crunched #s for verification)>>>>>I think I picked it up on KWN:

A $4 move in the price of gold at these levels represents the capital requirement to purchase all of the above ground silver inventories in the world.

Ya......thats a pretty small fucen market. Don't be too impressed with silver at 22 or you'll end up blowing your load way to early.

That is mind blowing! Now add into that the very probable fraud that is in reported above ground silver inventories, what do we get then? A 50 cent move in gold represent enough capital to buy all silver inventories?


Yes Neuro.....I forgot the .gov bullshit fudge factor. You are likely spot on.

[Neuro]

An interesting fact (for which I have not crunched #s for verification)>>>>>I think I picked it up on KWN:

A $4 move in the price of gold at these levels represents the capital requirement to purchase all of the above ground silver inventories in the world.

Ya......thats a pretty small fucen market. Don't be too impressed with silver at 22 or you'll end up blowing your load way to early.

That is mind blowing! Now add into that the very probable fraud that is in reported above ground silver inventories, what do we get then? A 50 cent move in gold represent enough capital to buy all silver inventories?


Yes Neuro.....I forgot the .gov bullsh*t fudge factor. You are likely spot on.

Most of the silver inventories in warehouses now most likely are SLV shares... And the SLV doesn't have any silver, the fraud is likely a magnitude less than Madoff's fraud in terms of value (300 or so million of ounces at 22 bucks), but when it hits the fan it can't be papered over like Madoff's fraud. No silver means No silver. PERIOD. The only way they can let the fraud go undiscovered at this point is to let the paper value of silver increase, until enough silver reaches the warehouses, so they can continue with their charades...

[MAGNES]

Holding nicely over 22 today, so far. No Jinxing allowed!


;D

Every time I post about this it goes up. Me wants it down for Oct Ex at least, g dd m it !

Don't fret, it will go back up if it goes down, and it will do both, something special is
coming but timing it isn't working well.

ENDING TUES SEPT 28 2010, they are doing inter week we don't see.
http://snalaska.net/cot/current/charts/SI.png

[MAGNES]

The only way they can let the fraud go undiscovered at this point is to let the paper value of silver increase, until enough silver reaches the warehouses, so they can continue with their charades...


This is a good point, I don't think they will ever stop manipulation,
the price level will vary, in 2008 when they did the major bottom
I never believed that SI would take 2 years almost to reach it's
old high, there was no silver available for people, I saved some
screens and a thread, this is why looking at the COT chart is
still important and always will be, COT bottoms correspond directly
to price bottoms, OI down and shorts low, last year in 2009 they
did not get down to the lows on the COT, GC had only a 10%
correction, so we can guess prices if they decide to bottom the
COT chart to historical lows, maybe a new level for them is higher,
like last summer. Where will price be ? Looking at the COT and
their sitting on metals, imagine without their games what SI would
be, it would of rocketed by now, popped and found a comfortable
level. Imagine what that would do for commodities, commodity stocks,
USD, etc, the market in general, just controlling SI they control
everything, everything, even GC, cause SI leads many times.
So they will never give this game up, SI Price may be higher
but the manipulation will stay forever. Even WildCards sig is
appropriate here, on Baruch and Roosevelt revelations, things
we know but I learned key details, fits totally. Companies
are targets too, buy them low and take them over, like SIL,
one of the greatest SI deposits on the planet, company
disappeared and nobody is talking about it at all, SI did not
disappear though, SIL is now a ticker for a fund. LOL !

[EE_]

I'm going to step out and say $1,400 gold and a bounce off $26 silver just before the November election.
The Demorats have completed their damage and are now running.
The votes will go to the Republican theives.
Once the sheeple feel they have a won their victory, the markets should stabilize and pm's will sell off...and I'll be buying.

[Gknowmx]

I'm going to step out and say $1,400 gold and a bounce off $26 silver just before the November election.
The Demorats have completed their damage and are now running.
The votes will go to the Republican theives.
Once the sheeple feel they have a won their victory, the markets should stabilize and pm's will sell off...and I'll be buying.


How does this compare in effect to the FED QE2.0 announcement at the same time as the election?