Silver: Will Buyers Stampede?

[FunnyMoney]

The real fight takes place in the metals market. The embracers of liberty watch closely now the purchasing of silver coin. Questions about the purchase of small amounts of silver come into the dealers. But much more important is how fast the working class of North America accumulates the shiny metal, which once was the literal definition of money for over 5000 years.

As the third week in November begins, silver takes serious concern regarding 26 and change. Nobody is giving away silver and every significant push down is now met with accumulation by the aware. Platinum stands a hair under $1700 and palladium just below $700. Gold, having overcome $1400 as expected during this latest push, takes on pressure again as before just $27 shy of the important level.

Technical traders already absorbed the pause in the second half of October and remain firm in their analysis that all systems are still "go" despite the retracements last week. Indicators point higher still through the end of the year for precious metals and well beyond. Gold $1650 before the end of January 2011 is a serious possibility. Whether or not that also means $100 oil and higher commodity prices in general is only speculation at this point but fundamentals indicate for the precious metals and especially for silver, solid and strong gains are likely as these safe havens remain extemely undervalued based simply on current and past supply and demand data alone.

A last chance for middle class Americans awaits. A buy and hold, and an incremental average in approach is still an option for those trying to take delivery of precious metals. Silver has been voted the number one best investment strategy for wealth protection and future purchasing power gains on the so called "freedom forums". It would seem too few are paying attention, but hopes are that more will begin to see the need to protect themselves and their family's finances as economic crisis mount.

Technical traders would gladly welcome another pause in the metals sector as the Thanksgiving holiday nears. The silver spring can wind some more at $26 and change, it is the point which provides the most fear for those shorts facing destruction and those longs worried and lacking resolve. These are the wedges and triangles that technicians entertain on their charts. It is a pause well needed. But nobody needs it more than a people with one last Thanksgiving chance.

I'm expecting record purchases of silver during the last weeks of November. If purchases don't come in at "knock your socks off" amounts then I will be very worried, not about the future price of silver mind you, but about the future of my countrymen.

[StackerKen]

Good question...

I had to say I don't know. I think it will hit 30 this year. But I will not be at all shocked to see it drop back near 20 (maybe even lower) any day now.
We have all seen it happen. We all know it can and might happen.
And if it happens it would be a great chance to load up on more :)

Matter of fact, I am kinda waiting and hopping it does pullback;)

[Fullpower]

Expect a steep drop to or possibly under 20 dollars, soon, maybe early january. Good luck actually BUYING metal at that price.
The FIAT price is fast becoming irrelevant. There will be rapid swings, and violent instability as the paper and digital markets decay.
The truth will reveal to all..........REAL money is METAL.

[Book]

Questions about the purchase of small amounts of silver come into the dealers. But much more important is how fast the working class of North America accumulates the shiny metal, which once was the literal definition of money for over 5000 years.



http://media.economist.com/images/20090613/D2409US0.jpg

Get real. Not one in a thousand American is looking to buy silver. Ha Ha.

:ROFL:

[cthulu]

See you at 17-22 ag for the next two years. ;D

[1970 silver art]

Silver will stay above $23 for the rest of 2010. ;D

[chad]

not going to happen. the stampede is going to have to come from overseas or institutional investors.

middle class america is broke.

[Silver Rocket Bitches!]

I don't know about $22 as the number but I can see the metals going lower due to bank liabilities they cannot cover since charts show next year being doomsday for jumbo loans and option arms. We may see a mini fall 2008 which causes forced liquidation though this time around there is not as much leverage but it does still exist.

That said, any major dip will be countered with the potential energy sitting on the sidelines just waiting for such a dip.

[StackerKen]

any major dip will be countered with the potential energy sitting on the sidelines just waiting for such a dip.


+1000

I completely agree with that statement.

[JFN111]

not going to happen. the stampede is going to have to come from overseas or institutional investors.

middle class america is broke.

Is there a middle class in America anymore?
I think Silver is going to stay in it's $25-27 trading range at least through the current Fed activities.

[FunnyMoney]

Palladium bucked the precious metal downdrafts and ended at $666 in New York trading, up over 3% for the day as trading moved into the second half of November 2010.

Silver bounced off $25 per ounce returning to the constantly mentioned "$26 and change" area while gold and platinum continued flat in New York and London exchanges.

USA govt debt and municipals saw selling and 30 year mortgage rates saw very significant increases as debt downgrades delivered difficult prospects for the future worth of national and state balance sheets. Regardless consumer, housing and unemployment pains, all signs point to a muddle through economy with the possibilty of small pickups in late 2011 into 2012.

The rest taking place in currency re-adjustments and safe haven asset moves toward proper valuations is looked upon as typical short term patterns by investors. Further US dollar selling is positioned and ready to take advantage of any chance to rebalance portfolios. Gold is up 1.3% in after hours trading.

Technical traders see strength returning to the precious metals sector soon and lasting through the end of the year. Long term fundamentals appear to be converging on 2013 with severe shocks to debt laiden currencies within 24 to 36 months following. Central banks remain in firm control of the managed decline and comfortable with the expectation that any severe pain and financial dismemberment should be restricted solely to the working classes.

Tax revenues worldwide should see some upward adjustments as value added taxes, local, state and federal sales, wage and payroll taxes, energy and carbon fees are now accepted into household budgets. Corporate and industry pass along costs will likely be incremental however, with margin expansion coming along with the currency revaluations due mid-decade.

Silver for delivery remains under the $30 price point and is still considered a bargain for those able to actually get a hold of their favorite forms of the metal. The widely held Silver American Eagle has been spotted online at $29.99 per coin with a min. purchase of 20 1-oz coins.

[Gaillo]

I don't believe we'll EVER see $22 Silver again.

[Cebu_4_2]

+30 was irrelevant and a sign of the future. This further devaluation only proved the manipulation. At least 30 by end of year if not 40's. The asians are buying and don;t give a shvt what we claim the dollar is at. Neither do I.

[Neuro]

I don't believe we'll EVER see $22 Silver again.
I believed that we would see a return to the low 20's or even 19 and change, but with today's and nights action I think this is a less likely scenario. Bulls sure are difficult to hang on too! I feel lucky now that I didn't have time to go and sell some silver when it was above 28. I am on holiday this week, and is not able to go and buy it back...

[mick silver]

i think we have seen the low ... silver will never be 22 again . to many people in china in the silver market

[Libertytree]

I still firmly believe and even hope that silver will see the 20ish mark between now and the end of the year, I will have saved enough $ to make my single largest purchase to date. If the correction doesn't happen I'll continue accruing small purchases and throw the rest into other supplies.

[Uncle Salty]

not going to happen. the stampede is going to have to come from overseas or institutional investors.

middle class america is broke.


50 million Americans spending $120 for four ounces of silver would take 200 million ounces out of circulation.

Just that would help cripple the manipulators.

[Bullion_Bob]

It will hit 30 in a matter of days, a slight pull back for some weeks, then onwards to 40. I believe will just keep playing out like this for the next few years. Too many people around the world know what's up.

20 or lower prices are long gone imo.

[Carl]

Is there a middle class in America anymore? ~
Why yes there is, they all work for the government..............



.

[Libertytree]

It will hit 30 in a matter of days, a slight pull back for some weeks, then onwards to 40. I believe will just keep playing out like this for the next few years. Too many people around the world know what's up.

20 or lower prices are long gone imo.


"Too many people around the world know what's up."

Really? If that were really the case then surely silver would already be at $75 an ounce. How many people in your world believe in holding metals? Or just a simple supply of extra food?

[Bullion_Bob]

More and more every day, which is fast becoming obvious.

http://www.youtube.com/watch?feature=player_embedded&v=DGMu7fMJPfc#!

[FunnyMoney]

Silver has been voted the #1 top investment to: protect ones wealth, realize net purchasing power gains, and pursue honest money and liberty...

http://gold-silver.us/forum/general-discussion/1-decade-long-investment/



The Thanksgiving break is only days away, and for some smart shoppers, it has already begun....



Silver Canadian Maple Leafs $29.77 at online retailers with a large quantity purchase.
Silver American Eagles for $29.97 at online retailers with a large quantity purchase.
Silver Libertads $29.47 each, in person at Department Stores and Banks in Mexico.

[Neuro]

It will hit 30 in a matter of days, a slight pull back for some weeks, then onwards to 40. I believe will just keep playing out like this for the next few years. Too many people around the world know what's up.

20 or lower prices are long gone imo.


"Too many people around the world know what's up."

Really? If that were really the case then surely silver would already be at $75 an ounce. How many people in your world believe in holding metals? Or just a simple supply of extra food?
I think the idea was that enough people know what is going on in Silver to support current prices, no doubt a few more people will have reached a higher awareness when Silver hits $75... I don't think Silver will cost only $75 when there is a mass awareness of what's up. Probably more like $250...

[gunDriller]

It will hit 30 in a matter of days, a slight pull back for some weeks, then onwards to 40. I believe will just keep playing out like this for the next few years. Too many people around the world know what's up.

20 or lower prices are long gone imo.


"Too many people around the world know what's up."

Really? If that were really the case then surely silver would already be at $75 an ounce. How many people in your world believe in holding metals? Or just a simple supply of extra food?
I think the idea was that enough people know what is going on in Silver to support current prices, no doubt a few more people will have reached a higher awareness when Silver hits $75... I don't think Silver will cost only $75 when there is a mass awareness of what's up. Probably more like $250...


there's no reason for mass awareness until Fox, CNN, etc. talk about it. right now all they talk about is gold.

there's some ads for buying silver - but not many members of the general public know that old circulated silver is worth 20 x face.


perhaps if silver does take down JPMorgan, it will remind people of the Hunt Brothers. i think for a lot of people that will be a turn-off. they won't see the logic in buying a commodity whose price has been artificially suppressed for decades (which tends to keep the price down - look at how many silver mines, silver is piggy-backing on the production of something else.)

i think one way people find out about silver is from making gifts to family members. this year at Christmas when my nieces & newphew ask me how much the silver ounce i gave them last year is worth, i'll say $30. next year, i'll say $40. eventually my brother will cotton on.

i don't think it takes a particular price level. i think it takes a big news event, e.g. silver's "spectacular price rise" being featured on Yahoo Finance and Bloomberg and Wall Street Journal, week after week of articles. then people will start clicking through on the APMex ads.

and THAT will create a humongous price-elevating physical shortage.

[FunnyMoney]

Platinum came off recent highs to close on Thursday around the $1, 666 per ounce price level. Platinum has located a floor after an extensive 2 year run from where it was during the last floor, at just under $800. Twenty-five months ago platinum sold at only a $30 premium to gold, today platinum sells for a $300 premium over the price of gold.

Platinum is mined at one-tenth the amount of gold, and coming in and out of the weekend it traded in a tight range around the $1, 666 per ounce price level. Gold packs a punch in terms of wealth storage held in a small space, but this wealth density is exceeded by platinum. Platinum wedding rings are only exceeded by gold rings as the most popular form of lasting commitment and in wealthy Asian nations Platinum rings are in some cases even more popular than its gold counterpart.

Currently trading around the $1, 666 per ounce price level, platinum unlike gold, comes almost entirely from just two distinct mining operations, and unlike gold, platinum is almost entirely consumed by very critical industries. Many experts believe that platinum is experiencing a rebound on its way to all time highs well over $2,000 per ounce. Silver also rebounded recently off strong support at $25 to quickly trade at the $26 and change area. Silver has since placed distance between $26 and change to where it stands now around $27 and half dollars per ounce.

Silver Maple Leafs continue to fall into smart investor pockets at $29.90 with a large quantitiy order. The Silver American Eagle for delivery runs a tad above the $30 price level. Platinum Eagles can be delivered for just under $1,840 per one-ounce coin, but I only spotted 9 of them left during a recent surf to an online retailer.

[Bullion_Bob]

Factor in even a very slight awakening in what's happening around the world, not just your own country, and you will soon realize the world is a bigger place, and there are far more people out there than previously thought. A lot of them very smart as well.

[Serpo]

It will hit 30 in a matter of days, a slight pull back for some weeks, then onwards to 40. I believe will just keep playing out like this for the next few years. Too many people around the world know what's up.

20 or lower prices are long gone imo.


"Too many people around the world know what's up."

Really? If that were really the case then surely silver would already be at $75 an ounce. How many people in your world believe in holding metals? Or just a simple supply of extra food?
I think the idea was that enough people know what is going on in Silver to support current prices, no doubt a few more people will have reached a higher awareness when Silver hits $75... I don't think Silver will cost only $75 when there is a mass awareness of what's up. Probably more like $250...


Im with you on that one,the higher goes the more people are going to wake up and want to buy it because in fact silver is going to be a wake up call. Because gold is so expensive silver is always going to be cheaper than gold ,until of course until its not.

[FunnyMoney]

At the 1, 666 per ounce price level, Platinum closed New York trading another time but silver was the real story, once again. Silver for delivery now refuses to go below the $30 per ounce price point for any significant amount of time. Silver ran up from the all important $26 and change spot market support level by over 4% and Gold stands ready at the $1400 door spot.

Taking delivery of physical silver, investors have continued to snatch up bargains around the $30 price point while palladium now finds support at over $700 per one ounce coin. The demand for silver metal has continued without pause even though the last half of November prices have seen a pause similar to that which took place in the last half of October. The price of a one ounce gold coin is now currently about 47 times the price of a one ounce silver coin and silver is seen as a bargain not to be overlooked by savy investors regardless the recent dollar by dollar moves up in price.

Silver now currently rests at only about a dollar and change under $30 spot market price but the trading of silver appears to have taken a longer term focus as silver for delivery prices remain the primary focus. Questions have begun to surface about the lack of slack in the silver supply chain and some worry about future ability to supply industrial demand. Industry use of silver remains pegged at record levels and analysts have already started to guess whether a silver supply shortage will either materialize in the second half of 2011 or hold off until early 2012.

$30 per ounce for physical silver is clearly a good deal as concerns mount regarding the future of the central bankers' most recent attempt to foster confidence in fiat money, the Euro. The US dollar has seen a rebound as the Euro, the latest in world reserve currency offerings, has come under intense pressure. But the updraft in the dollar has done little to slow the rise of precious metals towards their fair market valuations, something that currently still remains far off in the distance, especially for silver.

It is now coming out that the now 10 year move toward fair valuations for the metals sector is likely only half-way along in terms of this commodities cycle timeline and very possible only a third. Estimates for mid decade prices are already many multiples of current prices for silver and analysts have determined that just about the time silver explodes upwards toward some realistic and fair price, it could, in terms of mining supply, mostly just run out. At about $30 per ounce today, for a metal that is likely to mostly run out, when industry demand is set to exceed one-billion ounces per year just prior, silver has investors thinking that it is indeed, a very good deal.

[FunnyMoney]

Only 14% of GSU voters believed silver would return to extremely low buy points. However, the most selected option in the poll by far was that silver would see $30 spot market price prior to any significant blow down. Palladium has put significant distance between the current price at $777 and the recent $700 bargain basement floor. Palladium for delivery now runs above $800 per ounce as it searches for a fair market price given its importance and solid industry, jewelry and honest monetary use, based against fiat currencies which by definition are anything but solid or truthfully useful.

In terms of dishonesty, the US dollar recently climbed back over 80 on the widely followed USD index but has now fallen back to just over 79. The USD index measures the US dollar against a basket of worldwide fiats, especially the Euro in some claimed attempt to value fiat currencies, but it's becoming all too clear that fiat currencies actually don't hold any real value. So measuring things of no value with other things of no value and then placing a counting number on that so called value is starting to sound a little awkward, something that gold has been explaining to investors since prices surged beyond $1000 per ounce for the third and final time.

In terms of useful and honest value, silver has steadily risen going into and through the current weekend, now that the second pause has completed. Silver, which once traded around an inflation adjusted price in the three-digits, remains extremely undervalued at two-digit levels, while gold and platinum both soar well into the four-digit range. Silver currently stands just two nickels shy of the $30 spot market price and silver for delivery remains a bargain and amazingly can still be obtained online, shipped and insured, something industry can only hope remains to be true for years to come. However, a select group of mining analysts and an even smaller group of smart investors have already spoken out about the very temporary nature of such future deliveries. Unlike fiat currencies, which can be whipped up out of thin air with the click of a mouse or the stroke of a printing press, when it comes to things of solid value which are actually mined with sweat and work, it really doesn't matter at how many digits they trade at - when they run out, they still run out.