Will we see $40 silver by the end of the week?

[General of Darkness]

Silver is in a steady climb but it's got to get to $90 and ounce to be at the 16:1 ratio with gold.

What do you folks think?

[Neuro]

Silver is in a steady climb but it's got to get to $90 and ounce to be at the 16:1 ratio with gold.

What do you folks think?
I think we will not see $40 silver until after the summer...

[hoarder]

$35 by Thursday.

[Silver Rocket Bitches!]

I give it til noon. :D

[mick silver]

nope . when we see 40 this game is over ,. it would be time to burker down

[Ponce]

Mick?........you are right, something going on that we don't know about or there is a shortage of silver.....$3.42 in three days is like in 1979 when I saw it going up the same way.

What made me the most nervous was the fact that all embassadors from around the world were call in at the same time......that alone tells me a lot.

First post of the day.................good morning to one and all.

[Silver Rocket Bitches!]

something going on that we don't know about or there is a shortage of silver.


There is something going on that we do know about. The blatant manipulation of a metal with inelastic demand. The only shortage is of people willing to stop hoarding and start selling!

[StackerKen]

34 bucks! ...Very Cool! :D

It's exciting to watch!

Very interesting times we are living in for sure.

Mornin Ponce!

[mick silver]

anyone seen what oil doing today ?

[bellevuebully]

Wow $34 silver!
Is fear driving this move?


I have to think end users are in buying with both hands here. No silver, no product. No product, no business. Between the price and the talk of shortage, it wouldn't surprise me if users were securing a years worth of supply.

[osoab]

anyone seen what oil doing today ?


http://finviz.com/fut_chart.ashx?t=CL&cot=067651&p=m5

Topped off the truck last night when oil was up about a $1.50. Gas prices didn't move overnight, I would expect a jump by morning.

[Silver Rocket Bitches!]

Wow $34 silver!
Is fear driving this move?
The ZOG seems very concerned about Libya, unlike Egypt.


US markets are closed due to Prez Day so the manipulators at the COMEX are powerless today..

[Libertarian_Guard]

Easy General. You're getting a bit too happy right now, you'll just make it tougher on yourself come the next down draft.

[osoab]

Wow $34 silver!
Is fear driving this move?
The ZOG seems very concerned about Libya, unlike Egypt.


US markets are closed due to Prez Day so the manipulators at the COMEX are powerless today..


The LBMA didn't stop this move. They were not closed

[old steel]

Without major shorting by wall street banks yes $40.00 silver by Friday.

Then all hell breaks loose by Mid March. ;D

[midnight rambler]

Holy cow, the POS isn't slowing down. Ratio now 41.5:1 - yeehaw.

[bellevuebully]

Wow $34 silver!
Is fear driving this move?
The ZOG seems very concerned about Libya, unlike Egypt.


US markets are closed due to Prez Day so the manipulators at the COMEX are powerless today..


The LBMA didn't stop this move. They were not closed



And the cartel trades in all exchanges. If anything, I thought they'd pull it down on low volumes today. Maybe they are letting it rise on low volume so they can make more when they attempt to smash it down. Pretty risky prop though. I would think with price action like this, buyers will be waiting in the wings for any weakness.

It is interesting that even the informed (GSUS) are finding this a wild ride, even though we know where silver should really be in relation to where gold has gone. The distortion has even warped our perceptions.

[CJay8]

I've got a 'sexual favors' bet for silver breaking $38 by close on Friday. It's a win/win for me. Dumb girl falls for it everytime.

[Libertarian_Guard]

[/quote]

The distortion has even warped our perceptions.
[/quote]


Perhaps we're into a "Time warp" again!

http://www.youtube.com/watch?v=5Ff0cOPSpVA

[Horn]

Someone's proving there are Real market drivers, today.

[cthulu]

I've got a 'sexual favors' bet for silver breaking $38 by close on Friday. It's a win/win for me. Dumb girl falls for it everytime.


Or maybe she is the one playing you.

[osoab]

Isn't this week when Adrian Douglas is supposed to unleash his bombshell?

[Ponce]

At the rate that is moving I just might invite you guys to my "Silver Island" by next year hahahahahahaah.

[osoab]

anyone seen what oil doing today ?


http://finviz.com/fut_chart.ashx?t=CL&cot=067651&p=m5

Topped off the truck last night when oil was up about a $1.50. Gas prices didn't move overnight, I would expect a jump by morning.


http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

Futures for the March oil contract is up to 95.40. The current month is at 91.42. :o

[General of Darkness]

I've got a 'sexual favors' bet for silver breaking $38 by close on Friday. It's a win/win for me. Dumb girl falls for it everytime.


When did Jim Bob become a girl? :dunno


















;D

[osoab]

anyone seen what oil doing today ?


http://finviz.com/fut_chart.ashx?t=CL&cot=067651&p=m5

Topped off the truck last night when oil was up about a $1.50. Gas prices didn't move overnight, I would expect a jump by morning.


http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

Futures for the March oil contract is up to 95.40. The current month is at 91.42. :o


Oil Goes Berserk In Electronic Trading As WTI Passes $98 (http://www.zerohedge.com/article/oil-goes-berserk-electronic-trading-wti-passes-98)

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/WTI%202.21_0.jpg

[Twisted Titan]

Mick?........you are right, something going on that we don't know about or there is a shortage of silver.....$3.42 in three days is like in 1979 when I saw it going up the same way.

What made me the most nervous was the fact that all embassadors from around the world were call in at the same time......that alone tells me a lot.

First post of the day.................good morning to one and all.



A dollar a day......

Dam thats good.

T

[Silver Shield]

$50 silver by the end of March

And the Crimex in ashes...

[mick silver]

can i ask what make you think that crimex could fall apart ? when it control by the very rich

[bellevuebully]

can i ask what make you think that crimex could fall apart ? when it control by the very rich


Paper rich, not metal rich. No delivery, no credibility.

[hoarder]

A dollar a day......

Dam thats good.

T
I could stand that for a month or two, after that it would get boring though... :whistle

[snapon]

Wow $34 silver!
Is fear driving this move?
The ZOG seems very concerned about Libya, unlike Egypt.


Correct, Libya is a hingepin for the power brokers, technically it is a "Socialist Peoples Republic" which means it is secular,although still a dictatorship, Its western neighbors, Algeria and Morroco,are milder with sharia than those to the east,but still dictatorships.Tunisia and Egypt have just overturned their govt.and we dont know yet what we will get.a Islamic republic,or a true republic, I feel we will get the former, and more problems. In the end,it doesnt matter if its Islamic or Quadaffi run as it will still be a dictatorship.but stability will be less,and Islam emboldened.

[JDRock]

im growing weary of listening to supposed red pill people STILL measure the value of pm's by paper.

what we are watching is not pretty or good.....and NO your not "making money" ...
what we ARE seeing is the bottom dropping out of the worlds frns scams....silver and gold are the ledges we are standing on while watch the others dissapear in the implosion below us....i wish silver was still $ 6.00....hell i wish it were 1.00
those of you who truely understand money will know what im talking about.

[Ponce]

Silver went as high as $34.35 and then it came back down to $33.96.

[Plastic]

Silver went as high as $34.35 and then it came back down to $33.96.


Twice so far tonight and it's going up again, someone is desperately trying to shake the silver out of some hands.

[Ponce]

Plstic?.....that's called "Shaking the tree".

[freespirit]

$34.01 as of this post...

$40 by the end of the week may not be too much of a reach...see what tomorrow brings

[JDRock]

....i cant believe the ignorant would celebrate the very destruction of life as we know it for a few green arrows on a chart.....i repeat this is NOT good.....mic is right ....

[zap]

Yep, when I see it climbing like that I don't know whether to laugh hysterically because we are screwed or cry because we are screwed, either way we are going down.

[Ponce]

Silver is having a fight at $33.94

[mick silver]

ponce what would it take for you to sell your silver ? the reason i ask i am still learning . i still cant find nothing i would take for my silver unless it was more land

[mick silver]

silver 33.78 the beat down has started

[mick silver]

it looks like they got the silver out of the hands of people as the price go back down for now ... 33.46 what go up much come down

[Ponce]

It came down all the way downnnnnnnnnnn to $33.20 and it jumped up to $33.37......

[Ponce]

ME SELL MY SILVER? bite you tongue amigo.......only by the grace of God would I do it......after all, what could I buy besides my "Silver Island"?.

[mick silver]

well well ponce i have a Island on my land ... were the creek is there a island right in the middle . i could take a 1000 0z for the little island ... i can see it now ... ponce silver island

[Ponce]

As long as I can build a huch to keep my tp in that's all that I need hahahahahahah.

[old steel]

ME SELL MY SILVER? bite you tongue amigo.......only by the grace of God would I do it......after all, what could I buy besides my "Silver Island"?.


More lead like i did today.

I'll spend the next several minutes dragging it in through the front door.

;D

[Ponce]

LOL Old, just thinking that I have to dig up my safe makes me sick.......specially with all the junk on top of it..........nawwwwww better leave it there till I die.........someday they will be looking for "Ponce's Treasure" hahahahahahahaha.

[MAGNES]

Watch gold, they already knocked it down, key number on gold is 1425,
where will silver land ? 1380 was hard resistance, now at 1405 , five bucks
down to silvers 90 cents, at 1425, SI will be ? Good spot to go short term
trade. Key expirey this week too.

High SI prices, I am waiting to be rich, that ain't going to happen though.

Doing some trading , it may mitigate that though.

@ JDR, we are only along for the ride man.

We control nothing, hope everyone makes out.

[Antonio]

I`ll sell my PMs on any given day at any price when the alternative is death.

I`ll sell when I open Kitco page one fine morning and instead of PM quotes I`ll see a big page saying:

Antonio,dump your PMs or die tonite, motherfucker.

[osoab]

That is a big negative on $40 Ag this week. I guess we could get a hailmary tomorrow, but I doubt it.

[bellevuebully]

That is a big negative on $40 Ag this week. I guess we could get a hailmary tomorrow, but I doubt it.


Technically, having a buck and a half beating is good for the market, especially if it bounces back quickly, which it is in the progress of doing now.

[osoab]

That is a big negative on $40 Ag this week. I guess we could get a hailmary tomorrow, but I doubt it.


Technically, having a buck and a half beating is good for the market, especially if it bounces back quickly, which it is in the progress of doing now.


That was no orderly decline. That was a friggin cliff dive. I don't think this was healthy for anyone other than Blythe and company.

Besides, we are talking paper price. I doubt that the local guys dropped a a buck-fifty on their sell price. I didn't check.

[Antonio]

I haven`t sold physical in a very long time and I hope to die with my PMs.

Still I want to go to 47th st in Manhattan to the Diamond district and see what dealers pay for the physical today.

Does anyone know if we can get spot today? IMHO one should be able to get spot for SAEs today and maybe a fraction under spot for recognized bars. This could tell you if the dealers are desperate to get their hands on physical.

[bellevuebully]

That was no orderly decline.

What matters is the markets perception of how willing investors are willing to scoop up a deal. Big drop, especially a non-orderly one, impresses upon the market the need to be on the buy side when the market recovers effortlessly.

In the old days around 5-10 bucks, any decline of this proportion would result in a 3 month bloodbath for anyone long. Today not so much. That's a good sign for longs, imo.

[Libertytree]

I hope it slides off the cliff tomorrow, I might get those Franklins for $10 ;D

[StackerKen]

Silver bounced back nicely :)



....i cant believe the ignorant would celebrate the very destruction of life as we know it for a few green arrows on a chart.....i repeat this is NOT good.....mic is right ....




I don't think of as "good" or "making money"
But I like to see it go up, cause it confirms that I did the right thing buying more at $27 :)

Silver is my retirement account. Hopefully I will never need to make a withdraw on it and I can pass it on the the grandkids.

[bellevuebully]

Silver bounced back nicely :)



....i cant believe the ignorant would celebrate the very destruction of life as we know it for a few green arrows on a chart.....i repeat this is NOT good.....mic is right ....




I don't think of as "good" or "making money"
But I like to see it go up, cause it confirms that I did the right thing buying more at $27 :)

Silver is my retirement account. Hopefully I will never need to make a withdraw on it and I can pass it on the the grandkids.

Kenny boy....if forgot you bought at about 27. I remember you feeling a like you had buyer's remorse. Glad to hear that has passed.

My suggestion is don't even pick a price point on selling silver. Change your strategy when the fundamentals change. When you bought at 27, just like today, nothing of the underlying fundies have changed...they have only gotton worse.

[1970 silver art]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

[Horn]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

I can see by your response, that you are an emotional silver buyer.

Would I be correct in that assumption, Hal?

[1970 silver art]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

I can see by your response, that you are an emotional silver buyer.

Would I be correct in that assumption, Hal?


When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)

I collect 1-oz silver art bars. I especially like collecting certain ones that were minted in the 1970's (hence my screen name). Collecting the silver art bars that I want is a hobby that I love very much and it makes me very happy. With that said, then you can say that I am an emotional silver buyer. :)

[woodman]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

I can see by your response, that you are an emotional silver buyer.

Would I be correct in that assumption, Hal?


When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)

I collect 1-oz silver art bars. I especially like collecting certain ones that were minted in the 1970's (hence my screen name). Collecting the silver art bars that I want is a hobby that I love very much and it makes me very happy. With that said, then you can say that I am an emotional silver buyer. :)



Art, I think you are pretty savvy. I have an interest in art bars too but have never bought any. I have watched the prices over the years and I'll bet you are way ahead of the game. I don't live anywhere near any shops that sell them. I'll bet if I got my hands on one, I'd have to buy it. Maybe I'll buy off E-bay. I don't know if I can trust E-bay though.

[Spectrism]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

I can see by your response, that you are an emotional silver buyer.

Would I be correct in that assumption, Hal?


When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)

I collect 1-oz silver art bars. I especially like collecting certain ones that were minted in the 1970's (hence my screen name). Collecting the silver art bars that I want is a hobby that I love very much and it makes me very happy. With that said, then you can say that I am an emotional silver buyer. :)



LOL- you got that right... inmates of the asylum.

I bought a few silver art bars... mostly sterling. I like the variety. I definitely think collecting silver art bars is better than collecting stamps or plastic model cars.

[Horn]

When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)


Would you be willing to melt them all down, into one large chunk of collectible silver, and call it an Outlaw's ball?


http://www.youtube.com/watch?v=WTHoKEd-Gjo

[1970 silver art]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

I can see by your response, that you are an emotional silver buyer.

Would I be correct in that assumption, Hal?


When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)

I collect 1-oz silver art bars. I especially like collecting certain ones that were minted in the 1970's (hence my screen name). Collecting the silver art bars that I want is a hobby that I love very much and it makes me very happy. With that said, then you
can say that I am an emotional silver buyer. :)



Art, I think you are pretty savvy. I have an interest in art bars too but have never bought any. I have watched the prices over
the years and I'll bet you are way ahead of the game. I don't live anywhere near any shops that sell them. I'll bet if I got my hands on one, I'd have to buy it. Maybe I'll buy off E-bay. I don't know if I can trust E-bay though.


Woodman,

I became seriously interested in silver art bars in 2008 at a coin show. When I bought a few silver art in August 2008, I became hooked. From that point on, my main purpose was to buy what I like at the lowest premium possible.

For me, a successful silver art bar find is one where I can find a rare silver art bar and pay only .999 generic silver for it (instead of the ebay collectors premium). I feel very lucky to have some successful silver art bar finds under my belt over the years because I live near several local dealers and I am also close enough to be able to drive to 4 regional coin shows in a year.

As for me being ahead of the game, I do not know about that. There are silver art bar collectors that have much more knowledge and more experience than I do. I consider myself a "student" of the silver art bar hobby because I am still learning a lot about certain silver art bars. I have made mistakes buying silver art bars and I have made several impulsive purchases which I later sold for a paper profit to put back into rare silver art bars that I really wanted.

One reason why I made silver art bar "wish list" is because I wanted to have a goal of buying as many rare silver art bars as possible. My silver art bar wish list is very long. I finally completed my silver art bar wish list on December 31, 2010. This wish list also helps me cut down on impulsive purchases.

As for buying silver art bars on ebay, it is always about DYODD. There are advantages and disadvantages for me to use ebay to buy silver art bars. The advantage of using ebay is that I can find very rare silver silver art bars such as GreatHouse, The Mint, and Green Country Mint there. These bars and other rare silver art bars are extremely hard (if not impossible) to find locally at a local dealer or at a local coin show. The disadvantage of buying silver art bars on ebay is that you will pay a higher premium for them. For example, I have paid 2X to 3X spot for several extremely rare silver art bars on ebay. I do not have a problem paying that premium on ebay because 1.) They are very hard to find locally and 2.) I love them a lot. With spot at $33+, a vast majority of silver art bars on ebay will start at a BIN price of $40 and go up from there.

There is nothing wrong with buying silver art bars on ebay but if you are looking for the absolute lowest premium possible, then buying from a local dealer (or at a coin show) is your best option IMO. With that said, if you see a silver art bar on ebay that you really love to have, then you should buy it.

As for my method of buying silver art bars, I always try the local coin dealer route first to see what I can find. If unsuccessful on that particular day, then I will 1.) Try again at a later date to find common minted silver art bars or 2.) I will go on ebay to find any rare silver art bars that are on my wish list at a "reasonable" price.

For common minted silver art bars, I will usually try to buy those locally. For very rare silver art bars, I will use ebay to buy them.

[1970 silver art]

When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)


Would you be willing to melt them all down, into one large chunk of collectible silver, and call it an Outlaw's ball?



Nope. I am not willing. I'll pass.

:ROFL:

[1970 silver art]

I honestly do not know when $40 silver will occur (I did not vote in the poll). I think that we will eventually see $40 silver but I do not think that it will be at the end of this week.

I can see by your response, that you are an emotional silver buyer.

Would I be correct in that assumption, Hal?


When it comes to the type of silver buyer that I am, then I am a collector. I am not a prepper. I am not an investor. I am not a doomer. I am just a normal sheeple person that likes to hang out with the "inmates" on the gold and silver forum "asylum". ;D :D :)

I collect 1-oz silver art bars. I especially like collecting certain ones that were minted in the 1970's (hence my screen name). Collecting the silver art bars that I want is a hobby that I love very much and it makes me very happy. With that said, then you can say that I am an emotional silver buyer. :)



LOL- you got that right... inmates of the asylum.

I bought a few silver art bars... mostly sterling. I like the variety. I definitely think collecting silver art bars is better than collecting stamps or plastic model cars.



I have to agree with that because at the very worse case scenario, silver art bars will always be worth their metal value.

[woodman]

I haven't been down to the city in awhile because work has slowed down. When I am in the city, I am so busy working that I don't have time to find a coin shop. I believe I will make a dedicated trip. Thanks for the info Art.

[bellevuebully]

What matters is the markets perception of how willing investors are willing to scoop up a deal. Big drop, especially a non-orderly one, impresses upon the market the need to be on the buy side when the market recovers effortlessly.



Too many bids to keep this market down. Smart money sees the USD in serious trouble. Can't even get out of bed with the middle east in turmoil.

[goldleaf]

Don't the metal prices usually move up this time of the year. I remember a couple years ago when it
was around that $20 mark everyone was saying it was gonna keep climbing. I bought some then, my
first go at this, and was somewhat depressed for awhile. Then, later on that summer or maybe in the fall
I bought some more around the $14 mark which made my average easier to handle. If time repeats itself
I have this temptation to sell off, pay down some debt and hopefully get back in around $25 to 30. I have this guilty feeling that I shouldn't really be doing this when I'm not 100% debt free.

[bellevuebully]

If time repeats itself
I have this temptation to sell off, pay down some debt and hopefully get back in around $25 to 30. I have this guilty feeling that I shouldn't really be doing this when I'm not 100% debt free.


As long as you understand why it is called a "bull" market.....as in:

bull throws cowboy off back, cowboy gets stomped on and wonders "wha' happen'd?"

My suggestion is that you make a plan, have conviction about the plan, and let the chips fall where they will. Paying off debt is prudent, but thinking you can jump back on a bucking bull is a risky proposition. jmo

[JDRock]

im growing weary of listening to supposed red pill people STILL measure the value of pm's by paper.

what we are watching is not pretty or good.....and NO your not "making money" ...
what we ARE seeing is the bottom dropping out of the worlds frns scams....silver and gold are the ledges we are standing on while watch the others dissapear in the implosion below us....i wish silver was still $ 6.00....hell i wish it were 1.00
those of you who truely understand money will know what im talking about.


remedial money talk 101.