Break on through to the other side!

[Neuro]

I think we are seeing it happening now! 31 is about to be broken through, it has been going on now for several weeks, with increasing frequency. POS goes up towards 31 then gets smacked down to 25, then to 27, 28, 29, today 30.30 and 30.60 now... We will see $32 within 24 hours, methinks!

[madfranks]

Doesn't look like silver will end in the positive today, but I can feel a big gain coming. We might dance around $31 for a few days, but I think it won't be long before new highs surface.

[osoab]

Bold call Neuro. How about 35 by March expiration?

[Neuro]

Bold call Neuro. How about 35 by March expiration?
Very possible! Once the 44 G/S ratio is broken rapid gains will happen. Not too many hours left of my 32 call though!

[Libertarian_Guard]

If the recent past is any indication, silver is more likely to swing wildly in both directions, rather than idle between $30 - $31 for much longer.

[Neuro]

If the recent past is any indication, silver is more likely to swing wildly in both directions, rather than idle between $30 - $31 for much longer.
Yes either it breaks out to the upside, which the current backwardation would suggest or it. But I think there is a small chance it hits the basement too.

[Neuro]

Going up a lot now, but my 24 hours are soon up! GO SILVER!

[bellevuebully]

$42 by the end of March. ;)

[Neuro]

Just checked the ratio 44.2, so close now!

[Plastic]

What's up with the 44 G/S ratio thing? What will happen when it is broken to cause rapid gains?

100% physical silver here... once I conduct salvage operations in the local lake...

[hoarder]

Tomorrow is Friday, TPTB will push silver down to twenty-nine something for the weekend. Watch out Monday!

[Neuro]

What's up with the 44 G/S ratio thing? What will happen when it is broken to cause rapid gains?

100% physical silver here... once I conduct salvage operations in the local lake...
That's the low for many years. Usually when it breaks through something like that it continues down rapidly.

[osoab]

Just hit 44.00 gsr

[Neuro]

Just hit 44.00 gsr
I saw that too! GO SILVER!

[Neuro]

Just hit 44.00 gsr
I saw that too! GO SILVER!
I just saw 43.97!!!!

[Neuro]

Obviously I missed on the 24 h timeline, right now 31.59, but G/S is below 44, expect leaps!

[Sparky]

For the record, G:S is currently 43.85, which matches the low point of this bull market set in 2006.

Previous low prior to that was 38 in early 1998.

[Neuro]

For the record, G:S is currently 43.85, which matches the low point of this bull market set in 2006.

Previous low prior to that was 38 in early 1998.
Now it is 43.6... 38 here we come!

[bellevuebully]

Mining equities not reflecting the spot action. Not sure what to make of it.

[Sparky]

Mining equities not reflecting the spot action. Not sure what to make of it.


HUI index up 1% compared to S&P up 0.3%. That's about right.

[osoab]

Mining equities not reflecting the spot action. Not sure what to make of it.


I noticed the same thing. Only a few stocks gained on the up day in comparable percentages.

[bellevuebully]

Mining equities not reflecting the spot action. Not sure what to make of it.


HUI index up 1% compared to S&P up 0.3%. That's about right.



I don't relate the hui to the s&p. One is sector specific and one is broad based. I am sure as a function of equities/dollar/gold relationship they react in a somewhat predictable manner, but not nowhere as predictable (or presumably so) as hui to it's directly underlying commodity. The relationship I generally note there is hui 2x spot gains/losses. fwiw.

US Silver was up 20% though. But it has been seriously underperforming for the last 8-10 weeks. ECU, Endeavour, Impact, Great Panther, Avino, and Silvermex have all been recent winners though. :)

[bellevuebully]

Mining equities not reflecting the spot action. Not sure what to make of it.


I noticed the same thing. Only a few stocks gained on the up day in comparable percentages.


Might take a few sessions for the reality of higher prices to set in before traders/investors commit to equity purchases.......hopefully the gains consolidate firmly. Pan American was a real disappointment this week. :'( I think it will catch up with a couple of quarters of high silver prices behind it. We'll see.

[osoab]

Mining equities not reflecting the spot action. Not sure what to make of it.


I noticed the same thing. Only a few stocks gained on the up day in comparable percentages.


Might take a few sessions for the reality of higher prices to set in before traders/investors commit to equity purchases.......hopefully the gains consolidate firmly. Pan American was a real disappointment this week. :'( I think it will catch up with a couple of quarters of high silver prices behind it. We'll see.


AEM down almost 5% is odd. I have not seen any reason why.

Was this move due to the drop in interest rates to some extent?

http://money.cnn.com/data/bonds/

Maturity LastYield PreviousYield

3 Month 0.09% 0.11%
2 Year 0.59% 0.65%
5 Year 2.28% 2.35%
10 Year 3.57% 3.62%
30 Year 4.66% 4.67%
Data as of 3:00pm ET

[uncletonoose]

http://www.youtube.com/watch?v=3dLAv0NklTg

[bellevuebully]

Mining equities not reflecting the spot action. Not sure what to make of it.


I noticed the same thing. Only a few stocks gained on the up day in comparable percentages.


Might take a few sessions for the reality of higher prices to set in before traders/investors commit to equity purchases.......hopefully the gains consolidate firmly. Pan American was a real disappointment this week. :'( I think it will catch up with a couple of quarters of high silver prices behind it. We'll see.


AEM down almost 5% is odd. I have not seen any reason why.

Was this move due to the drop in interest rates to some extent?

http://money.cnn.com/data/bonds/

Maturity LastYield PreviousYield

3 Month 0.09% 0.11%
2 Year 0.59% 0.65%
5 Year 2.28% 2.35%
10 Year 3.57% 3.62%
30 Year 4.66% 4.67%
Data as of 3:00pm ET


They did well on the last quarter, but their input costs increased and they missed expectations. Same as PAA. The market punished them for it.

[Neuro]

Damn I should have said 48 hours! Anyhow G/S ratio is down to 42.80!

[Libertarian_Guard]

Tomorrow is Friday, TPTB will push silver down to twenty-nine something for the weekend. Watch out Monday!


O.K. we've got a test dummy to ops check the dunking tank. Strap-in.

[hoarder]

Tomorrow is Friday, TPTB will push silver down to twenty-nine something for the weekend. Watch out Monday!


O.K. we've got a test dummy to ops check the dunking tank. Strap-in.
I eat my words. It looks like what we've been anticipating for years is happening right now!

[Neuro]

FUCK! Maybe I should have said $33 in 48 hours! BLOODY HELL!

[uncletonoose]

fuck! Maybe I should have said $33 in 48 hours! BLOODY HELL!


:boom :CS :rocket_hor |--0--| :comp :wwfg :whip :gwing

[Libertarian_Guard]

Tomorrow is Friday, TPTB will push silver down to twenty-nine something for the weekend. Watch out Monday!


O.K. we've got a test dummy to ops check the dunking tank. Strap-in.
I eat my words. It looks like what we've been anticipating for years is happening right now!


Until the next violent correction, when everyone’s rear-end will pucker up again. On and on the game continues, with a strong bias to the upside.

[Sparky]

Number of trading days above $20 during
the entire last bull run: 105
this bull run: 121

Number of trading days above $30 during
the entire last bull run: 50
this bull run: 11

[Sparky]

Tomorrow is Friday, TPTB will push silver down to twenty-nine something for the weekend. Watch out Monday!


O.K. we've got a test dummy to ops check the dunking tank. Strap-in.
I eat my words. It looks like what we've been anticipating for years is happening right now!


Until the next violent correction, when everyone’s rear-end will pucker up again. On and on the game continues, with a strong bias to the upside.






Yep, before we go crazy that "This is it!", let's keep these big daily gains in perspective:

Yesterday: $30.70 to $31.78 [+$1.08 + 3.5%]
9/18/2008: $10.49 to $11.95 [+$1.46 +13.9%]

[JohnQPublic]

Since gold is not making nearly the % gains, I think the main factor here (besides JPM shorting, which is helping to drive the process) is the GS ratio is adjusting as silver and gold are remonetizing. I would think a good target would be 35:1.

[Serpo]

Well in Australian $ silver has nearly doubled and gold basically hasnt moved

[bellevuebully]

Turk and a few others think the hui can hit high 800's this year. Thoughts? I think it's possible, but the last time the metals ran strong the price of oil was at 140 bucks and completely threw a wrench into predicted input costs. I think we'll see a general replay of that this round and the earnings will be somewhat muted, although if one is going to own equities, I still think the metals are the place to be.

[Neuro]

Since gold is not making nearly the % gains, I think the main factor here (besides JPM shorting, which is helping to drive the process) is the GS ratio is adjusting as silver and gold are remonetizing. I would think a good target would be 35:1.
I think a nice target is 38:1 which is the 1998 low, occurring this time as gold goes up and sniff at all time high at 1430. Would give us a target price of around $37/ounce before the summer doldrums... However it is a possibility of course that THIS IS IT and we will just slice through 38:1 like a hot knife through butter, but I do think I would change some of my silver granule for gold bars and coins at around 38, maybe I take some cash too, to pay off my car loan...

[Sparky]

Turk and a few others think the hui can hit high 800's this year. Thoughts? I think it's possible, but the last time the metals ran strong the price of oil was at 140 bucks and completely threw a wrench into predicted input costs. I think we'll see a general replay of that this round and the earnings will be somewhat muted, although if one is going to own equities, I still think the metals are the place to be.


From Dec 7 to Jan 25 it dropped from 598 to 492. Question is, was that the correction before the next leg up, or was that the first drop in the next deep, lengthy correction?

If this is the next leg up to 800+ (which is possible), it has to pass tests at the .618, .786, and 1.000 retracements. Those test points are 558, 575, and 598.

Today it got above the first test point and failed, dropping from 561 to 554 in about an hour. Let's see what kind of strength it shows at the open next week.

[uncletonoose]

Rocket Gain This Week

:boom

$2.75

[Serpo]

I think silver deserves a plasma rocket as they are so much faster......


http://bellegeek.files.wordpress.com/2009/12/plasma-rocket-mars2.jpg

[Libertarian_Guard]

http://i56.tinypic.com/24vvcwx.jpg



Well SHAZAM!

[Neuro]

Since gold is not making nearly the % gains, I think the main factor here (besides JPM shorting, which is helping to drive the process) is the GS ratio is adjusting as silver and gold are remonetizing. I would think a good target would be 35:1.
I think a nice target is 38:1 which is the 1998 low, occurring this time as gold goes up and sniff at all time high at 1430. Would give us a target price of around $37/ounce before the summer doldrums... However it is a possibility of course that THIS IS IT and we will just slice through 38:1 like a hot knife through butter, but I do think I would change some of my silver granule for gold bars and coins at around 38, maybe I take some cash too, to pay off my car loan...
Yep it has sliced through 38:1 G:S ratio like a hot knife through butter, where is the next resistance? 50$ All time high? Have to check a G:S ratio chart also. Right now G/S is at around 36!!!

I did sell about 1/8th of my silver Granule stash in the high 36, but I bought gold for the money (and a little extra cash) a couple of weeks later, as the Turkish Lira strengthened I got about 38:1 for the silver...

[Neuro]

Around 1983 G/S ratio was down to 30-31 according to this chart:
http://goldprice.org/charts/history/gold_all_data_silver.png
If silver reaches $50 that would mean a gold price of $1500-1550. Doesn't seem impossible to me!...

[Serpo]

Around 1983 G/S ratio was down to 30-31 according to this chart:
http://goldprice.org/charts/history/gold_all_data_silver.png
If silver reaches $50 that would mean a gold price of $1500-1550. Doesn't seem impossible to me!...


Looking at that chart the 10 ratio dosnt even seem far away

[Neuro]

Around 1983 G/S ratio was down to 30-31 according to this chart:
http://goldprice.org/charts/history/gold_all_data_silver.png
If silver reaches $50 that would mean a gold price of $1500-1550. Doesn't seem impossible to me!...


Looking at that chart the 10 ratio dosnt even seem far away
It does look like one of those waterfall charts Martin Armstrong has talked about, so yes maybe even that. Imagine that G/S ratio goes from 70 to 10 in a years time...

[Libertarian_Guard]

http://i53.tinypic.com/a1nbq.jpg


And a $50 bullet at that!

[Neuro]

Around 1983 G/S ratio was down to 30-31 according to this chart:
http://goldprice.org/charts/history/gold_all_data_silver.png
If silver reaches $50 that would mean a gold price of $1500-1550. Doesn't seem impossible to me!...

Yes it seems to have hit the 30-31 GS ratio target about a week ago. I think we will see GS ratio go to around 45-50 in the summer, and then the March continues to the teens...