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FunnyMoney
13th October 2010, 12:54 PM
Silver surges past $24 per ounce on stock market and commodities melt up.

Silver has no intention of lagging behind the general push up in prices denominated in today's fiat currencies. Fiat currencies and especially the US dollar are now under extreme pressure. Once it was considered, "In God We Trust". But then when that didn't allow central banks and central govts to steal enough wealth from the rest of the society, things changed to, "Backed by the Full Faith and Credit of a Nation". Credit being the key term here, we now see how this supposed backing is actually a negative reaction - the fiat currencies of the globe are today backed by the "Debt of a Nation" and by the "Full Faith that Future Workers Will Somehow Pay Up". Commodities markets have begun to realize that's not going to happen.

So as investors flee paper currency and move into anything not so deeply and deadly in the red, all eyes scan the globe for safety. Safety for some might mean oil, now just $17 away from the all important $100 price point. For others that could mean food and in general commodities, which have taken on big run ups lately. For the really big money it means gold and gold continues to methodically hit new high after new high while production concerns and worries over from where will come the next batch of sellers continue to mount. But the smart money, the silent secret protectors of wealth, we seek silver.

Silver, still at the price of a nice dinner, could be considered more rare than gold although gold is still over 57 times the price of silver. Silver, which by many measurements is under the greatest potential future demand pressure due to growing industry consumption, could also be considered one of the most strategic and important metals that exist on the planet. Silver, that has seen its above ground reserves and inventories depleted to the point where there no longer are any, is considered by most analysts to be the absolute smallest market cap commodity of such importance ever. Silver, which has now been mapped and searched for all over the globe, has a mining supply which is expected to be drained dry within the next few decades at the latest. Yet after all that, given all those amazing fundamentals, it still sells for less than it costs to fill up the average small economy car at your local gas station.

Silver slaps away at $24. Take that!

Beyond the supply / demand fundamentals, silver has a history of money not to be exceeded by anything, not sea shells, not wheat, not even gold. Fiat currency doesn't even hold a candle to it and this latest global attempt at fiat money backed by empty promises is barely even a half century old - silver, on the other hand, has over 5000 years of history behind it.

Revenge is in order.

Silver investors as a group won't stop at a mere $24. Even a single large entity could drive silver to many multiples of today's price per ounce of silver. Gold took out 4 digits and refuses to look back. But this will be silver's time and silver is going to slap around anyone and everyone who doesn't believe it.




:wwfg

... and silver.

Libertarian_Guard
13th October 2010, 01:07 PM
http://i54.tinypic.com/vpbyf9.jpg

Celtic Rogue
13th October 2010, 01:27 PM
$24.05 @ 4:25!!!

Keep the wagon rolling!!!

Libertarian_Guard
13th October 2010, 01:30 PM
http://i52.tinypic.com/25r2i46.jpg

How about a Retro Rocket, from the days when people carried silver money in their pockets.

Twisted Titan
13th October 2010, 01:37 PM
Silver ready for take off!!!!

Libertarian_Guard
13th October 2010, 01:38 PM
http://i52.tinypic.com/e5ljb9.jpg

Libertarian_Guard
13th October 2010, 01:41 PM
http://i54.tinypic.com/mk9388.jpg

chad
13th October 2010, 01:43 PM
http://t3.gstatic.com/images?q=tbn:ANd9GcSFVnZyfXCWY1p6WXV_POA03BTmeAgBE Mb69BcEejAqYUZ5MHQ&t=1&usg=__g4jzvddIitawAJ0hPzfrPsuwug0=

Filthy Keynes
13th October 2010, 01:48 PM
OKTOBERFEST SILVER:
http://b5media_b4.s3.amazonaws.com/14/files/2008/09/1447360500-6c290105fb.jpg

COMEX:
http://2.bp.blogspot.com/_zl6CvOzHcbw/SqAlcPwTSgI/AAAAAAAAAqA/hzdckhahGsU/s400/dirtyKeyboard.jpg

Libertarian_Guard
13th October 2010, 01:49 PM
http://i56.tinypic.com/rbf9ud.jpg



How sweet it is!

Silver Shield
13th October 2010, 01:58 PM
I remember sweating over pennies buying on the dips when silver was $6.90 and gold was at $425...

It will seem just as ridiculous two years from now worrying about dollars on silver and tens of dollars on gold...


Avoid the rush... Panic now.

The dollar is toast.

Libertarian_Guard
13th October 2010, 02:07 PM
http://i52.tinypic.com/2v28nx0.jpg


Looking back at give away prices for gold & silver.

Libertarian_Guard
13th October 2010, 02:25 PM
Remain steadfast and continue building your treasure chest. This is just getting started.




http://i51.tinypic.com/zya89v.jpg

zusn
13th October 2010, 02:33 PM
I remember sweating over pennies buying on the dips when silver was $6.90


HA!! I remember those days. I remember the wife giving me crap for spending almost $8/oz on silver since I had always bought it at 5 or less. What I'd do to buy silver at $8 today...

madfranks
13th October 2010, 02:38 PM
Silver ready for take off!!!!


Yeah right, more like:

Ponce
13th October 2010, 02:45 PM
Somehow it makes me feel better.......... ;D

Libertarian_Guard
13th October 2010, 02:53 PM
http://i29.tinypic.com/2aje3v9.jpg

ximmy
13th October 2010, 03:02 PM
:oo-->

1970 silver art
13th October 2010, 03:03 PM
Today is a great day to be a DOG bug. This is better than expected. Maybe it will go to $25. We will see.

Cebu_4_2
13th October 2010, 03:05 PM
Today is a great day to be a DOG bug. This is better than expected. Maybe it will go to $25. We will see.




by Friday?

1970 silver art
13th October 2010, 03:07 PM
Today is a great day to be a DOG bug. This is better than expected. Maybe it will go to $25. We will see.




by Friday?


Honestly I do not know.

:dunno

I am just blown away that silver closed above $24/oz today.

Libertarian_Guard
13th October 2010, 03:20 PM
http://i56.tinypic.com/24f0do0.jpg

Celtic Rogue
13th October 2010, 03:33 PM
http://robertposton.com/ms/images/e5ljb9[1].jpg

Filthy Keynes
13th October 2010, 03:33 PM
http://files.abovetopsecret.com/images/member/6339be12e919.jpg

Neuro
13th October 2010, 04:05 PM
Filthy Keynes as I opened this thread I just thought I would post a pic of the Norwegian spiral, you did it! It is still a great mystery to me. I don't believe it was just a missile test going astray...

Celtic Rogue
13th October 2010, 04:17 PM
Filthy Keynes as I opened this thread I just thought I would post a pic of the Norwegian spiral, you did it! It is still a great mystery to me. I don't believe it was just a missile test going astray...


H.A.A.R.P.?

Serpo
13th October 2010, 05:16 PM
No stopping this baby................yet

AndreaGail
13th October 2010, 05:25 PM
here i am getting back from work and having to do a double take

when i checked last night it was 23.19

and right now it is 24.19 :o

Serpo
13th October 2010, 05:29 PM
here i am getting back from work and having to do a double take

when i checked last night it was 23.19

and right now it is 24.19 :o


one dollar exactly.................

1970 silver art
13th October 2010, 05:49 PM
Next stop.......................25$/oz?

:dunno

platinumdude
13th October 2010, 05:58 PM
Silver is going to stall for a while once it hits $48

tater
13th October 2010, 06:08 PM
These moves up have been breathtaking 8) . I've been reminded of a post I read in the pm subforum. I wish I could find it. Anyway, an astute poster said that there will be a paradigm shift and the upward moves will be so great you will regret mentioning your holdings. Paraphrased. The original post said it much better.

Silver Shield
13th October 2010, 06:16 PM
Can someone do one of those French horn charts for silver like they did on GIM1.

Serpo
13th October 2010, 06:20 PM
Silver is going to stall for a while once it hits $48


dont spoil it.................... ;D

mick silver
13th October 2010, 06:49 PM
24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land

Dogman
13th October 2010, 06:52 PM
24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:

mick silver
13th October 2010, 06:54 PM
how is the dollar doing is it down alot today . i never thought i would see the day silver hit 24 paper bucks

Filthy Keynes
13th October 2010, 06:58 PM
how is the dollar doing is it down alot today . i never thought i would see the day silver hit 24 paper bucks


USDX IN THE SHI-TTER
http://www.noveltp.com/gallery/images/bite_me_toilet_300.jpg

willie pete
13th October 2010, 06:58 PM
how is the dollar doing is it down alot today . i never thought i would see the day silver hit 24 paper bucks



76.624 right now big Mick...

http://www.bloomberg.com/apps/quote?ticker=DXY:IND

Serpo
13th October 2010, 07:04 PM
Can someone do one of those French horn charts for silver like they did on GIM1.


Would be good ,saw one on gold recently, basically over a long length of time,it showed it going parabolic, now basically ,so max that out on silver.............

Filthy Keynes
13th October 2010, 07:06 PM
She's falling like a stone! It's like May 6th in slow motion!

Serpo
13th October 2010, 07:07 PM
24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:


Its turning into a pure breed.......

Dogman
13th October 2010, 07:09 PM
24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:


Its turning into a pure breed.......


Hells bells we know that already.. The dog is a term of endearment!!! |--0--|

Filthy Keynes
13th October 2010, 07:13 PM
$CDN is near par (1.0005)
http://www.xe.com/currencycharts/?from=USD&to=CAD


Market Crash – video with live S&P pits audio
http://www.youtube.com/watch?v=WmpNTtQu8E4

osoab
13th October 2010, 07:17 PM
Look at the usd in the last few hours.

http://www.weblinks247.com/indexes/idx24_usd_en_2.gif

24.35

We stopping @ 24.50?

mick silver
13th October 2010, 07:37 PM
24.41 up up and away

Ponce
13th October 2010, 08:08 PM
Stay away Silver Sammy, stay away.............everytime he comes by it drops like a rock :-\

Serpo
13th October 2010, 09:48 PM
24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:


Its turning into a pure breed.......


Hells bells we know that already.. The dog is a term of endearment!!! |--0--|

Of course just kidding

Gaillo
13th October 2010, 11:51 PM
Just broke $24.60

Awesome!

Gaillo
13th October 2010, 11:53 PM
WTF? $24.95... Unbelievable!

Gaillo
13th October 2010, 11:58 PM
Less than 3 minutes passed between those last two posts... with a gain of $0.35!
I'm starting to get scared now... :o

Neuro
14th October 2010, 12:02 AM
WHOA!

Neuro
14th October 2010, 12:06 AM
Less than 3 minutes passed between those last two posts... with a gain of $0.35!
I'm starting to get scared now... :o

I know the hairs stand up in the neck!

Neuro
14th October 2010, 12:07 AM
I feel like selling my car to buy more silver ;D

I know I should sell everything when I feel like selling my children to buy more silver! ;D

bellevuebully
14th October 2010, 12:33 AM
Apparently, the capital involved in a $4 move in the gold market could buy all existing stockpiles.
Silly bankers....tricks are for kids.


hahahahahahahahahahahahahahahahahahahahahahahahaha hahaahahahahahahaha.........uhem.

bellevuebully
14th October 2010, 12:53 AM
...

Libertarian_Guard
14th October 2010, 02:34 AM
I feel like selling my car to buy more silver ;D

I know I should sell everything when I feel like selling my children to buy more silver! ;D


I wonder how much I could get for my left nut?

And if I were to be mistaken for a banker, the pain factor would be 50% less!

1970 silver art
14th October 2010, 04:31 AM
Nobody can deny the power that the DOG possesses. NOBODY!!!!!!!!!

All of you DOG bugs out there need to bow down to your master right now. I am certainly bowing down to my master.

Liquid
14th October 2010, 04:45 AM
Silver $24.49 right now, but a high of $24.95, we might be knocking at the $25 door soon!!

Go, silver go!

Libertarian_Guard
14th October 2010, 04:51 AM
Silver $24.49 right now, but a high of $24.95, we might be knocking at the $25 door soon!!

Go, silver go!


The possibilities here are wild!

::)

Serpo
14th October 2010, 04:57 AM
Silver $24.49 right now, but a high of $24.95, we might be knocking at the $25 door soon!!

Go, silver go!


The possibilities here are wild!


::)



It has been held back for a long time from going over 20$ so 25 plus must be in the picture,if not now then soon

after that its any ones guess but as they say ,the skys the limit...