OK Silver Seers... Show us the future, biatchez!! :)

[Gaillo]

Best guesses? Crystal ball visions? Dreams? Chicken entrails? Have a friend who heard it from the brother-in-law of Blythe Master's gigolo? Post your guesses here! ;D

[mick silver]

A short-term correction, followed by gains

[Buddha]

I think that we keep going a little further then correct some.

FYI: tea leaves

[Gaillo]

I think that we keep going a little further then correct some.

FYI: tea leaves


That's my thought as well... maybe another week or two of gains followed by $5 to $10 drop... then to the moon. Just a gut feel - I'm fresh out of tea leaves and chicken entrails! ;D

[Ponce]

Short term "correction" and then up up and AWAYYYYYYYYYYYYY.

[oldmansmith]

Dunno...not buying but I'm sure as hell not selling. This kind of price action is incredible, especially since there is no general silver frenzy among Joe six pack. I'm guessing that we go to 50 before we see any kind of real correction, but that is just a guess. Lots of fun for those who own it though!

[Buddha]

I think that we keep going a little further then correct some.

FYI: tea leaves


That's my thought as well... maybe another week or two of gains followed by $5 to $10 drop... then to the moon. Just a gut feel - I'm fresh out of tea leaves and chicken entrails! ;D


Geez, a $10 correction. "I'll back up the truck when it dives to $30." Who would have thought that I would have said this when I got into PMs about 4 years ago.

[Trinity]

Silver wants to get the old 1980 high out of the way pronto. A continued rally into May then we have our correction.

[ximmy]

My magic ximball report for 60 days......

http://i153.photobucket.com/albums/s222/chrisneros/ximball-1.gif

...... 42-43 spot...

retail averages:
SAE's $50.50
10 oz Engelhards $480.00
100 oz Engelhards $4500.00

[Horn]

Ancient volcano erupts under Manhattan.

Obama's emergency powers evoke price controls & taxation to be rehashed & finalized in 2013.

[YukonCornelius]

Down 3% up 5%. down 3 up 5. Repeat. Plus or minus a bit until 100 over the next several years

[Ponce]

Only those who want MORE will want a "correction".......and at $50.00 they will want another coreection and then at $75.00, $85.00 and on, and on, and on.......me? I just sit back and smile ;D

[madfranks]

It'll hit $40 before we see a pullback. Then slow steady gains.

[Sparky]

I'm on record for an interim peak ($40-$43) in April followed by a significant correction ($28-$32) continuing into the summer months.

[Bullion_Bob]

If it drops anywhere in the range of high 20's to low 30's it will be there only for a for a brief moment of opportunity before shooting back up.

Weak hands will get burned.

[1970 silver art]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.

[Uncle Salty]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




I think we see $50 silver before we see $30 silver again.

They just can't seem to paper crash the market like the old days.

[Gaillo]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




Yep... it'll blow through $50 so fast we won't have TIME to see it! ;D

[Serpo]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




You have been eating too many of Trinitys hats.....that accounts for the gut feeling

[Bullion_Bob]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




How much are those art bars going for right about now? :)

[1970 silver art]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




You have been eating too many of Trinitys hats.....that accounts for the gut feeling


Nope.

Here are a list of things that I do NOT eat:

1.) Hats

2.) Cookies that were made by spouses of the GSUS members

3.) Fram oil filters


Here are some things that I consume:

1.) Pepperoni Pizza

2.) Orange Juice

However, I will also admit that I have been a slacker when it comes to pepperoni pizzas. I have not eaten a pepperoni pizza since March 20, 2011.
;D

There is no doubt that my gut feeling is real and it is saying that $50 silver will NOT happen in 2011. You have to remember that my gut feeling correctly predicted that silver would finish above $23 on December 31, 2010. :) ;D

[1970 silver art]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




How much are those art bars going for right about now? :)


Most common minted silver art bars will cost from spot to $2 over spot if I buy them locally. However, I have not bought many common minted '70's silver art bars this year. I have been concentrating on buying very rare '70's silver art bars that are on my silver art bar wish list and as a result, I have been paying between 2X spot silver to 4X spot silver for some of the ones that I bought on ebay this year. These are the silver art bars that have mintages of 200 or less and are nearly impossible to find locally for .999 generic silver premiums.

[Bullion_Bob]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




How much are those art bars going for right about now? :)


Most common minted silver art bars will cost from spot to $2 over spot if I buy them locally. However, I have not bought many common minted '70's silver art bars this year. I have been concentrating on buying very rare '70's silver art bars that are on my silver art bar wish list and as a result, I have been paying between 2X spot silver to 4X spot silver for some of the ones that I bought on ebay this year. These are the silver art bars that have mintages of 200 or less and are nearly impossible to find locally for .999 generic silver premiums.


+1 I can see why...

http://gold-silver.us/forum/silver/silver-art-bar-porn/

[Ponce]

Silver Art? ten one oz round that it will hit $50.00 this year, I might go down some from there but it will hit it.

[1970 silver art]

Silver Art? ten one oz round that it will hit $50.00 this year, I might go down some from there but it will hit it.




Ponce? I cannot bet any silver. I have to say no to your silver bet. My conscience will not allow me to let another GSUSer lose their silver to a betting "accident". :D

I have an idea on a bet and here it is:

If silver does NOT touch $50 this year (a very likely scenario), then you have to give me one roll of tp from your tp stash. If I am wrong and silver does end up touching $50 this year, then I will give you 10 FRNS. Do we have a bet?

[JJ.G0ldD0t]

Short term "correction" and then up up and AWAYYYYYYYYYYYYY.


That was my vote as well ( well my hope anyway)

[Ponce]

I'll your one roll and raise you two........I bet you three of my rolls vs three of yours, are you game?

[1970 silver art]

I'll your one roll and raise you two........I bet you three of my rolls vs three of yours, are you game?


Ok. Your on. We have a bet. If I lose this bet (not likely), then I will give you 3 rolls of tp. I will win this bet because.........

Silver will NOT hit $50 this year.

Just have those 3 rolls of tp ready to ship to me on January 1, 2012. ;D ;D ;D

[nunaem]

One step forward, two steps back, then a hundred yard sprint.

[YukonCornelius]

I'm buying up the price. Although not course in bullion sales I have been buying sterling, for under melt on eBay. If we all keep buying and new buyers enter it'll sta steady. Which I think it will.

[Ponce]

Heheheheehehehhe Not only will I make over five million dollars.........but......more important I'LL HAVE THREE MORE ROLLS OF TP WOPEEEEEEEEEEEEEEEE DODAAAAAAAAAAAAAAA.

[Trinity]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




I'm going to relay this info to my aunt Jesse first thing tomorrow 1970sa.
Drawing of my aunt Jesse, for some reason or another whenever I try to take a picture of her the shutter on my camera doesn't open.

[gunDriller]

if silver is a dog - what happens if we feed the dog chocolate ?

will it go stinkily to new heights ?

i have been thinking that a correction is likely, because i expect the stock market to come back to reality, i.e. to lose 50% or more of its value. that's to get it to a valuation that reflects "fundamentals".

but maybe the PPT and their co-workers can prop the market up forever using their various games. maybe that is their plan.

i feel overall that we are due for the "second leg down", like when the stock market fell the second time in the 1930's. that will create enormous volatility for gold and silver. people will need to sell gold because many of them have bought it on margin, and they will have no choice but to sell.

but then, people will be sitting there holding dollars, and realizing that those dollars have plummeting value, so they will try to buy something with intrinsic value.


but i also have a feeling that the markets are very wierd. i wonder if my assumption - that the stock market will end its bubble phase, and go to valuations that reflect the classic value of a stock price, "the present value of the future earnings stream" ... maybe this is a Brave New Stock Market.

maybe there are insiders who will prop up the stock market FOREVER - until they see some gain to be had from letting it collapse.

[1970 silver art]

Heheheheehehehhe Not only will I make over five million dollars.........but......more important I'LL HAVE THREE MORE ROLLS OF TP WOPEEEEEEEEEEEEEEEE DODAAAAAAAAAAAAAAA.


:ROFL:

Ponce? I have some bad news for you. You will not make over $5 Million dollars because silver will NOT touch $50 this year. As I mentioned earlier in my post, just have those 3 rolls of tp ready to be shipped on Janaury 1, 2012. ;D

[1970 silver art]

My gut feeling is telling me the following....................

We will NOT see $50 silver in 2011.




I'm going to relay this info to my aunt Jesse first thing tomorrow 1970sa.
Drawing of my aunt Jesse, for some reason or another whenever I try to take a picture of her the shutter on my camera doesn't open.



Your Aunt Jesse looks very angry to me. I hope that she is was not expecting silver to hit $50 this year.

[MAGNES]

Gave it already in others threads.

GC looks like it is going to pop on interday charts, short term 1490,
1460 is 3 day 50% consolidation that was a pop from key R at 1430.
There was a clear nice black candle breaking resistance and wedge formed.

SI is going to land somewhere, watching gold is key to calls.

Looks like new highs will be made this peak seasonal period, april, may.



Gaillo, you are going out on a limb, a high in SI for April or May. 8)

Watch gold, it is basing at key resistance, no clear breakout and keeps
coming back to that range even after getting hit, 1425, where SI lands will
be interesting. $40 is only 10 % away roughly, percentage wise easy to reach, and psychological.
Seasonal forces have not even played out, another war,
nuclear meltdown, AIPAC is meeting in May too,
rachet up the war mongering in the media, etc, very interesting times.




Gaillo had a dream, SI is much stronger than GC. WOW !

We just had a breakout on GC clearly breaking 1425,
and SI is sitting cents away from $40 .

GC 1460 SI 39.60

GC is just getting started on it's run, SI is stronger.

What's the next dream ?

I had a dream too, nice black candle, the la la land of technicals.
http://gold-silver.us/forum/general-discussion/38-24257/msg208889/#msg208889

[1970 silver art]

if silver is a dog - what happens if we feed the dog chocolate ?

will it go stinkily to new heights ?



Well silver is a DOG. It will ALWAYS be a DOG regardless of how well it performs. I am making a wild guess here but if the DOG gets a hold of some chocolate, then it might get on a sugar high and become hyperactive. If that is the case, then it MIGHT go to about $44-$45 before JPMorgan comes in and bitch slaps it into the $20's.

[MAGNES]

From the link and threads above.

This is a self updating chart I posted the day before the pop,
which was predictable cause of the wedge, it broke topside.

This chart is very strong, techs and seasonals say new highs.
Previous R is now very serious resistance wall on way down.

SI will land somewhere, it is moving much faster than gold,
gold went sideways recently and SI's up 10%, it is moving
a buck + for 10-15 dollar moves.

http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p42106480801&r=6799

[MAGNES]

Someone is capping again, individuals are not doing this. They would get called.
There are no margin calls for these cappers.

This is still a very important chart, key to the chart, a new parallel universe has formed.

There is a very serious anomaly in the chart that has never been seen for years to 2006
since I been following this, and most likely going back decades. First time at COT highs
where SI breaks to new highs in a non seasonal period and moves $10 and the shorts
closing out, considering the shorts were sub $20, they got their clocks cleaned but found
some way out of this, this has never happened before, I can also show you volume charts, volume
was off the wall, very high and unusual, VS OI, open interest, even 30 K vs OI 90 K for a
forward month is usual but still not a normal market, the turnaround is incredible, we are
talking volumes surpassing OI in some cases. Good charts on this are hard to find because
of how they do volume for the specific contracts and not consolidated. I can't get a consolidated
volume chart from my brokerage, was Xpresstrade now optionsX and Swab.

How did they find some way out of this, the absolute amounts, before they would close out,
manipulate the market, punish longs, and make money dropping SI and making money
AVG Short Price, $16 drop to $12, making maybe $3 on 200 million ounces, etc, just one
example, who knows how well they do with all the volatility and volume working for always.

The new universe for them is a 25% drop will translate to $10, they will make more money
for the hundreds of millions of ounces closed out, they will make up their losses, chances
are they already made up their losses, which is why I covered the volumes above, they may
have closed out, or JPM the leader may have closed out, the partner banks in crime may be
holding the bag, just like Sept2008, they burn each other, it is clear JPM is running the show.
For FED, for GOV, it is a matter of national security, no accountability.

This manipulation game is not over, they lost control, let it ride, let off some steam.

This chart is a keeper for your drive, end of March 29 2011.
Save one year price charts, same period, there was a 1:1 correlation
to price and cot highs. Except that anomaly this Sept, Oct.
http://snalaska.net/cot/current/charts/SI.png

Anyone want to help me find consolidated volume charts,
if your broker has them can you post them please. I had to
dig for these weak ones. I don't pay for a platform so maybe
that is why I can't get a good chart from my own broker.

This is not normal, OI for forward key month is about 100K average OI,
90% of trading is usually for this month, holders of further months don't
turn as much. Normal trading here is 35K maybe, multiples of OI is obviously
not normal trading, even for this not normal market, never seen this before.
These volumes are incredible.
http://i54.tinypic.com/fpcegw.jpg

[SilverMagnet]

I have been waiting for a correction as a buying opportunity but it seems that it might not be coming for awhile if ever. I'm calling $60 Silver by the end of 2011, that is if it doesn't blow off the roof and hit the triple digits.

[Serpo]

In two months..........$48 dollars

[Antonio]

I`m mostly a goldbug even though I have a decent stack of Ag. It`s nice to see Ag going thru the roof but keep in mind that when the last time Ag was 50, Au was 850. This time when Ag is 50, Au can easily hit 1800-2000.
When all PMs hit the peak the au/ag ratio will contract to 15 or even less but selling physical Ag will be nearly impossible on that day.
I`ve heard stories from dealers about how bad it was the last time when Ag was 50. Imagine the logistics of dumping 1000oz of Ag when it`s 100$/oz, you have dozens of guys in front of you lining up to sell similar amounts and dozens behind you at any given refinery. Every damn coin and bar will have to be tested when Ag is 100$.

100k in gold will be 33 krugs when Au is 3000$, this transaction will only take a few very tense minutes.

Calling the top in Ag will be hard and dumping it all on that day will be infinitely harder.

That`s why my plan is to sell my PMs only coin by coin, beginning with the most worn-out dime and only in case I`m starving and my leather belts are starting to look tasty.

[Serpo]

I`m mostly a goldbug even though I have a decent stack of Ag. It`s nice to see Ag going thru the roof but keep in mind that when the last time Ag was 50, Au was 850. This time when Ag is 50, Au can easily hit 1800-2000.
When all PMs hit the peak the au/ag ratio will contract to 15 or even less but selling physical Ag will be nearly impossible on that day.
I`ve heard stories from dealers about how bad it was the last time when Ag was 50. Imagine the logistics of dumping 1000oz of Ag when it`s 100$/oz, you have dozens of guys in front of you lining up to sell similar amounts and dozens behind you at any given refinery. Every damn coin and bar will have to be tested when Ag is 100$.

100k in gold will be 33 krugs when Au is 3000$, this transaction will only take a few very tense minutes.

Calling the top in Ag will be hard and dumping it all on that day will be infinitely harder.

That`s why my plan is to sell my PMs only coin by coin, beginning with the most worn-out dime and only in case I`m starving and my leather belts are starting to look tasty.


As you say you are a gold bug and totally unbiased...... ;D

[Antonio]

I`m mostly a goldbug even though I have a decent stack of Ag. It`s nice to see Ag going thru the roof but keep in mind that when the last time Ag was 50, Au was 850. This time when Ag is 50, Au can easily hit 1800-2000.
When all PMs hit the peak the au/ag ratio will contract to 15 or even less but selling physical Ag will be nearly impossible on that day.
I`ve heard stories from dealers about how bad it was the last time when Ag was 50. Imagine the logistics of dumping 1000oz of Ag when it`s 100$/oz, you have dozens of guys in front of you lining up to sell similar amounts and dozens behind you at any given refinery. Every damn coin and bar will have to be tested when Ag is 100$.

100k in gold will be 33 krugs when Au is 3000$, this transaction will only take a few very tense minutes.

Calling the top in Ag will be hard and dumping it all on that day will be infinitely harder.

That`s why my plan is to sell my PMs only coin by coin, beginning with the most worn-out dime and only in case I`m starving and my leather belts are starting to look tasty.


As you say you are a gold bug and totally unbiased...... ;D

I`m biased towards gold even though I have sterling scattered all over my house, I`ve no idea how much exactly I have in the form of silverware.
Imagine the peak of the ag mania when you have both PM investors and sheeple lining up to dump every piece of ag they have to the last silver spoon and ring...
I don`t want to be there, do you? I suspect that Ag mania will be more "manic" than Au mania because of the au/ag ratio. Ag will always be priced not only in terms of fiat money but in terms of how much of the ultimate currency which is gold you can buy with it. Imagine gold at million$/oz, I don`t see every holder of gold dumping it on that day because gold being the ultimate currency can go up to 2 milllion the next day and so on.
But when gold/silver ratio contracts to 15 and lower, every holder of ag will want to either sell for fiat or trade for gold which is MONEY.
This will happen regardless of the prices of both ag and au, the ratio contraction at any price will trigger a complete meltdown.
Ag is 40$ today. If gold was 400$ today you`d be running to the next dealer to dump all your Ag for Au.
I`m not shitting on Ag, I do believe the ratio will go to 15 and maybe even 10 but it won`t be pretty, that`s all...

[Serpo]

Thats where we differ A, to me it will be very pretty. ;D

I have no problem in selling it if I wish at whatever price,will just sell it back to the guy I brought it of who knows me.

In fact the more silver goes up the more it seems to shine,remember this is 150yrs overdue,so there is some catching up to do.

Silver will one day be worth more than gold as it is meant to run out first.

Its about time gold started going up again.

[Antonio]

Thats where we differ A, to me it will be very pretty. ;D

I have no problem in selling it if I wish at whatever price,will just sell it back to the guy I brought it of who knows me.

In fact the more silver goes up the more it seems to shine,remember this is 150yrs overdue,so there is some catching up to do.


I`m in NYC, here the dealers buying scrap always tell people to come as early in the day as possible because after about noon time they run out of cash and can`t handle big transactions so they offer people checks.
Who do you suppose can offer you an anonymous cash deal for your Ag and continue to spit out astronomical amounts of either cash or gold for people`s Ag? I don`t know any such people.

Imagine that shit goes to 1000$/lbs. On one hand this is a happy occasion but then you`ll start eating like crazy trying to shit as much as you can and when you go to the shit dealer you find the biggest lines of people ever trying to sell as much shit as they can. I`m not saying silver is shit but this analogy while extreme can help one realize the logistics of what happens on the day the au/ag ratio contracts.

When Ag hits the moon and everyone wants to sell or trade for au, being well-connected will become very important because there won`t be a shortage of ag sellers. Imagine 2 different persons each of whom buy a Stradivarius at a garage sale and now want to sell, one is a pizza delivery man and the other is a big time antique dealer. I think the antique dealer will have an easier time getting the full price for his fiddle (I dig antique violins somewhat and bought a couple which are worth 2000$ each,paid 25$ for one and 100$ for another).

How about this, say you have 10 tons of gold and you are not a jew banker. Do you think you will have an easy time selling it all in one piece tomorrow afternoon (and no paper trail ;) )?

There are arms dealers who can sell military choppers to govts or other dealers. If you give me 10 Russian choppers today I won`t know what to do with them but some types hanging out at Brighton Beach restaurants would.

[Antonio]

Silver will one day be worth more than gold as it is meant to run out first.



I understand that there maybe less physical ag than au and that ag in today`s society has more uses than au. However, in order for ag to become more valuable than au we have to reverse 5000 yrs of human history and conditioning. Do you think that in 5 yrs the first place in Olympics will mean Silver medal and the 2nd Gold medal? There are industrial metals more valuable than gold today. Scandium is more expensive than gold but it`s not monetized nor it is jewelry. When and if Ag becomes more expensive than Au this will happen only if Ag becomes strictly an industrial metal (do you want to see tarnish on a set of spoons that is worth a house? Simply having to care about a stack of Ag which suddenly became new gold will make one want to dump it for inoxidable gold).

[Walter Mitty]

I think it will approach $50.00. Then crash with a stock market crash.
If QE3,4,5 etc come, the PTB will go long and buy up all they can from weak hands once it crashes then the price will rocket up.

[gunDriller]

In two months..........$48 dollars


that would take us to early June. and oil up about 20% too, which would make it about $130 for West Texas Intermediate ... Brent would be about $145.

i don't see how the stock markets can continue on their merry way, even with the PPT pumping in money.

but, i'm not on the inside.

[Glass]

I'll your one roll and raise you two........I bet you three of my rolls vs three of yours, are you game?


Ok. Your on. We have a bet. If I lose this bet (not likely), then I will give you 3 rolls of tp. I will win this bet because.........

Silver will NOT hit $50 this year.

Just have those 3 rolls of tp ready to ship to me on January 1, 2012. ;D ;D ;D



Not all TP is the same so lets be sure this bet is like for like. Some TP is 92.5% pure while other TP can be as high as 99.9% pure. I think we might need an intermediatry who can be the custodian of the TP and also can assay it to ensure that each the rolls of TP are infact the same purity. Perhaps a TP bank? Of course they will be responsible for the delivery on demand of the TP to the winner of the bet. A reputable TP bank won't lease out or sell the TP on the market. But they might be tempted to go short TP. It's not like there's even been a run on a TP so it should be a pretty safe move IMO.

[DMac]

Thats where we differ A, to me it will be very pretty. ;D

I have no problem in selling it if I wish at whatever price,will just sell it back to the guy I brought it of who knows me.

In fact the more silver goes up the more it seems to shine,remember this is 150yrs overdue,so there is some catching up to do.


I`m in NYC, here the dealers buying scrap always tell people to come as early in the day as possible because after about noon time they run out of cash and can`t handle big transactions so they offer people checks.
Who do you suppose can offer you an anonymous cash deal for your Ag and continue to spit out astronomical amounts of either cash or gold for people`s Ag? I don`t know any such people.

Imagine that shit goes to 1000$/lbs. On one hand this is a happy occasion but then you`ll start eating like crazy trying to shit as much as you can and when you go to the shit dealer you find the biggest lines of people ever trying to sell as much shit as they can. I`m not saying silver is shit but this analogy while extreme can help one realize the logistics of what happens on the day the au/ag ratio contracts.



I'm in NYC and I disagree 100% with what you wrote. Either you are a complete noob at this and have no clue where to go or you are spouting nonsense.

I could list a dozen places I visit quite often and have NEVER seen issues like you're describing.

[Antonio]

Thats where we differ A, to me it will be very pretty. ;D

I have no problem in selling it if I wish at whatever price,will just sell it back to the guy I brought it of who knows me.

In fact the more silver goes up the more it seems to shine,remember this is 150yrs overdue,so there is some catching up to do.


I`m in NYC, here the dealers buying scrap always tell people to come as early in the day as possible because after about noon time they run out of cash and can`t handle big transactions so they offer people checks.
Who do you suppose can offer you an anonymous cash deal for your Ag and continue to spit out astronomical amounts of either cash or gold for people`s Ag? I don`t know any such people.

Imagine that shit goes to 1000$/lbs. On one hand this is a happy occasion but then you`ll start eating like crazy trying to shit as much as you can and when you go to the shit dealer you find the biggest lines of people ever trying to sell as much shit as they can. I`m not saying silver is shit but this analogy while extreme can help one realize the logistics of what happens on the day the au/ag ratio contracts.



I'm in NYC and I disagree 100% with what you wrote. Either you are a complete noob at this and have no clue where to go or you are spouting nonsense.

I could list a dozen places I visit quite often and have NEVER seen issues like you're describing.


Go to 75 West 47th st, the last booth on the left, they give the best deal for scrap and bullion. I hardly ever sold bullion but sold plenty of scrap. Their prices are excellent and so are those at 21 West 47th, the Gold Standard, these people handle million$ contracts. Silver peak means huge lines of people trying to dump their holdings. Ag is heavy, how much can you carry at any given time? Now imagine 100s of people in front of you and behind you trying to dump it all between 8am and 5pm.

[FunnyMoney]

If you plan on living another 10 to 20 years or longer then you will be well advised to not sell your silver.

Silver is going through a demand/supply issue and a monetary crisis right now and for much of this decade those things just simply get worse. This is going to drive silver well into 3 digits.

But what comes next decade is bigger, much bigger. Silver supplies are very likely to drop off a cliff and the raw mining costs are going to explode. Demand for renewable energy sources will prevent silver demand from falling as it is a critical resource to that industry. China alone is on track to consume the entire world's yearly production of silver within 6 years if it keeps increasing solar panel production at their current rate. That is just one industry in just one country! What about all the other demands for silver?

Silver / gold ratio is heading for single digits and that is with gold well into 5 digits by then.

[Spectrism]

If you plan on living another 10 to 20 years or longer then you will be well advised to not sell your silver.

Silver is going through a demand/supply issue and a monetary crisis right now and for much of this decade those things just simply get worse. This is going to drive silver well into 3 digits.

But what comes next decade is bigger, much bigger. Silver supplies are very likely to drop off a cliff and the raw mining costs are going to explode. Demand for renewable energy sources will prevent silver demand from falling as it is a critical resource to that industry. China alone is on track to consume the entire world's yearly production of silver within 6 years if it keeps increasing solar panel production at their current rate. That is just one industry in just one country! What about all the other demands for silver?

Silver / gold ratio is heading for single digits and that is with gold well into 5 digits by then.


I picked "other". I agree with this judgment FM. It is possible that prices will be shaken as world events become radically violent, complex, desperate and deceiptful. I think we will exceed $60 in 2011.... but this will be a sideshow compared to the main events. I expect ALL prices to double (not just silver) this year. Think about living on half what you are buying today. Salaries won't increase like that... in fact, jobs will become more scarce.

Hell is just about to break loose and it will even surprise some of us.

I wish God's richest blessings and help for all of you. You will also be surprised by those. When all others are cursing God, be different.

[Ponce]

Antonio? when I sold my siver in 1980 there was a line outside the coin shop to buy and to sell, most of them was to buy.......that's why the owner was so happy to see me with my two handtrucks of silver....at the time silver was at $46.68.

[Trinity]

Silver wants to get the old 1980 high out of the way pronto. A continued rally into May then we have our correction.


I friggin nailed it there! Credit to all the others who were bullish way back then when Silver was under 40.

[Sparky]

Silver wants to get the old 1980 high out of the way pronto. A continued rally into May then we have our correction.


I friggin nailed it there! Credit to all the others who were bullish way back then when Silver was under 40.


It hasn't been 2 months yet, so it's too early to be patting yourself on the back. And we haven't got the old 1980 high out of the way yet, so your ejaculation is premature.

[Serpo]

Silver wants to get the old 1980 high out of the way pronto. A continued rally into May then we have our correction.


I friggin nailed it there! Credit to all the others who were bullish way back then when Silver was under 40.


Who isnt bullish around here....

[Serpo]

If you plan on living another 10 to 20 years or longer then you will be well advised to not sell your silver.

Silver is going through a demand/supply issue and a monetary crisis right now and for much of this decade those things just simply get worse. This is going to drive silver well into 3 digits.

But what comes next decade is bigger, much bigger. Silver supplies are very likely to drop off a cliff and the raw mining costs are going to explode. Demand for renewable energy sources will prevent silver demand from falling as it is a critical resource to that industry. China alone is on track to consume the entire world's yearly production of silver within 6 years if it keeps increasing solar panel production at their current rate. That is just one industry in just one country! What about all the other demands for silver?

Silver / gold ratio is heading for single digits and that is with gold well into 5 digits by then.


Thats mind numbing stuff.....Six Weir is saying 10 yrs of silver left for supply, whatever that means ,but it indicates a major shortage coming up.

The increase in building solar panels is something like a quarter of the silver mined in the not too distant future.

[Serpo]

Antonio? when I sold my siver in 1980 there was a line outside the coin shop to buy and to sell, most of them was to buy.......that's why the owner was so happy to see me with my two handtrucks of silver....at the time silver was at $46.68.


This could happen again the lining up and such ,but as things are very much different this time in what drove silver last time and whats driving it this time.A lot more people in India and China are in this time and lets face it everyones has become a Hunt brother.
Even if the same thing is happening today ,the cat is out of the bag after GATA exposed them.This is it.

[bellevuebully]

See'in as people like us are really the only who have bought in the last 5-10 years and none of us is planning on selling, I'd say this market has a ways to go. I've got advice for the users......secure supply.

I'm holding.

[Ponce]

Silver wants to get the old 1980 high out of the way pronto. A continued rally into May then we have our correction.


I friggin nailed it there! Credit to all the others who were bullish way back then when Silver was under 40.


Who isnt bullish around here....


Silver Art.......he hates to loose 3 rolls of tp to me hahahahahahahahahahah.

[BrewTech]

I think it will approach $50.00. Then crash with a stock market crash.
If QE3,4,5 etc come, the PTB will go long and buy up all they can from weak hands once it crashes then the price will rocket up.


Yup. I think 50.00 is the limit designated by those in control.

Crash imminent!

(not that I'm eager to sell.)

[MAGNES]

Silver wants to get the old 1980 high out of the way pronto. A continued rally into May then we have our correction.


I friggin nailed it there! Credit to all the others who were bullish way back then when Silver was under 40.


It's easy to say gold is breaking out in peak season, we are geniuses, lol .

All of us.

I strongly believed they would sit on silver, not to see it move like this,
gold has room to go, about 100 bucks, SI looks parabolic to me, not
like SKF though , but close, ;D , I strongly believed they would cap
and keep it away from $50 bucks, they ain't doing that, if GC moves
they going to blow the doors off 50, we got at least another good month.

Compare the charts for those not looking at them. GC is standing still above 1500
and SI is rocking 2 bucks. The $ 4 SI move was made with gc feeling up 1500 within
10 bucks. SI averaged 75cents per 5 gold move.


Where is the concrete floor, that is what we need to know.

[Neuro]

I think it will approach $50.00. Then crash with a stock market crash.
If QE3,4,5 etc come, the PTB will go long and buy up all they can from weak hands once it crashes then the price will rocket up.


Yup. I think 50.00 is the limit designated by those in control.

Crash imminent!

(not that I'm eager to sell.)
I have sold almost all my silver granule now. At 36.90, 40.50, and 46, in increasing amounts. I have an average sell price of around 42.50. I have a feeling that the Federal Reserve is going to make a statement at the end of April meeting, that will be interpreted as Dollar positive. Stocks, bonds, PM's and oil, will plummet, with the aid of co-ordinated massive shorting by the banksters. Gold will probably hold out the best, as a safe haven to falling stocks and bonds, but will fall against the dollar. I could be wrong about this. Silver could pass $50, and have a blow off top, racing over $100 in a month or two, but I think the central bankers still are in control, and they want to remain in control, and they do this buy contracting the money supply for a few months. I doubt very much we have seen the end of QE. 3 will come in the autumn, when everyone screams bloody murder in the streets, phulease save us Mr Bernanke...

[Trinity]

Where is the concrete floor, that is what we need to know.

38 bucks.

[Trinity]

And we haven't got the old 1980 high out of the way yet, so your ejaculation is premature.

You have a dirty mind Sparky.

[learn2swim]

It's tempting to sell off some of my silver, thinking there's gonna be a down turn soon. But, even if it drops $10-$15, who is gonna sell it at that price? APMEX's website will shutdown again, coin dealers will be out of silver, etc, etc....

[DMac]

I'm starting to think silver is reaching towards the establishment of a much higher floor than what we're expecting. Logic tells me we will hit 50 then fall to 35-ish. However, if silver is going to up XXXX's% over the full bull run, shouldn't times like this be expected?

[mightymanx]

it will race to the mid 50's then some type of engeneered crash will occur to harvest all the sheep that jumped in late forever putting a bad taste in their mouths about precious metals. Just like the new DOW crop is close to harvest time.

Look for it to be timed around the Feds "press conference"

[bellevuebully]

What ever happens in the short term, nothing going forward for players in this market is going to be easy.

What was easy was sitting back from 2000 to 2009 dreaming about all the money to be made. The hard part now is making and keeping it.

[Neuro]

it will race to the mid 50's then some type of engeneered crash will occur to harvest all the sheep that jumped in late forever putting a bad taste in their mouths about precious metals. Just like the new DOW crop is close to harvest time.

Look for it to be timed around the Feds "press conference"
Yes! It is the 27th April I believe. The day that music died! (Not really, but the tune will be different for a few months! Either sell now, trade for gold and cash, or hang in there in the cold shower!

[Serpo]

In two months..........$48 dollars


Took two weeks.

Speed up your timetables, folks - this is a race, not a march.


OK then how about 98$.............

[bellevuebully]

If you plan on living another 10 to 20 years or longer then you will be well advised to not sell your silver.

Silver is going through a demand/supply issue and a monetary crisis right now and for much of this decade those things just simply get worse. This is going to drive silver well into 3 digits.

But what comes next decade is bigger, much bigger. Silver supplies are very likely to drop off a cliff and the raw mining costs are going to explode. Demand for renewable energy sources will prevent silver demand from falling as it is a critical resource to that industry. China alone is on track to consume the entire world's yearly production of silver within 6 years if it keeps increasing solar panel production at their current rate. That is just one industry in just one country! What about all the other demands for silver?

Silver / gold ratio is heading for single digits and that is with gold well into 5 digits by then.


I think this is a very likely scenario. Mining, although profitable, will not be a 'goldmine' ;D with raging inflationary pressure. Time will tell.

[BrewTech]

In two months..........$48 dollars
LOL.... who would have thought you would be so wrong? ;D

[Neuro]

Wow, new all time high... $49.85... Damn that took a long time and is only 15 cents away from magic 50!

[Ponce]

Some mining stock owneres must be going crazy by now.......as those going long in the market.

[BrewTech]

I think it will approach $50.00. Then crash with a stock market crash.
If QE3,4,5 etc come, the PTB will go long and buy up all they can from weak hands once it crashes then the price will rocket up.


Yup. I think 50.00 is the limit designated by those in control.

Crash imminent!

(not that I'm eager to sell.)


*pats self on back*

;)

[JJ.G0ldD0t]

I think it will approach $50.00. Then crash with a stock market crash.
If QE3,4,5 etc come, the PTB will go long and buy up all they can from weak hands once it crashes then the price will rocket up.


Yup. I think 50.00 is the limit designated by those in control.

Crash imminent!

(not that I'm eager to sell.)


*pats self on back*

;)


Yo Brew...

ya up for a trip to Vegas? :D

[mamboni]

These pullbacks in silver can be wrenching, even for the devout silverbull. This is why it is so critical to fully understand the market fundamentals before investing in anything, most especially silver. To those who may be having a little doubt about silver price appreciation, I would like to focus on the monetary/fiscal aspects of current events.

Japan is now a net seller of US treasuries, to the tune of at least one half $trillion. China has just announced that it will be selling $2 trillion in US treasuries. The current US fiscal deficit is projected to be $1.5 trillion per annum; also, the US treasury will have to turnover about $1 trillion in maturing bonds/treasuries. We all know that the EU is fiscally on the balls of it's ass dealing with potential bailouts of Ireland, Greece, Spain and Portugal. If we assume that the Bernank suspends 'QE' this coming June on schedule, then I have a question for anyone here:

Who is going to buy $5 trillion of US treasuries and bonds in 2011 [at current virtually negative yields]?

If yields rise to attract buyers, the US economy and real estate market will inplode, as bad as things are now, to a full blown great depression. TPTB will not allow that to happen. QE/monetization will continue, even if by stealth. It must as it is the path of least resistance politically and economically. Only silver and gold will withstand the coming dollar holocaust. You must hold them!

[chad]

These pullbacks in silver can be wrenching, even for the devout silverbull. This is why it is so critical to fully understand the market fundamentals before investing in anything, most especially silver. To those who may be having a little doubt about silver price appreciation, I would like to focus on the monetary/fiscal aspects of current events.

Japan is now a net seller of US treasuries, to the tune of at least one half $trillion. China has just announced that it will be selling $2 trillion in US treasuries. The current US fiscal deficit is projected to be $1.5 trillion per annum; also, the US treasury will have to turnover about $1 trillion in maturing bonds/treasuries. We all know that the EU is fiscally on the balls of it's ass dealing with potential bailouts of Ireland, Greece, Spain and Portugal. If we assume that the Bernank suspends 'QE' this coming June on schedule, then I have a question for anyone here:

Who is going to buy $4 trillion of US treasuries and bonds in 2011 [at current virtually negative yields]?

If yields rise to attract buyers, the US economy and real estate market will inplode, as bad as things are now, to a full blown great depression. TPTB will not allow that to happen. QE/monetization will continue, even if by stealth. It must as it is the path of least resistance politically and economically. Only silver and gold will withstand the coming dollar holocaust. You must hold them!


Who is going to buy $4 trillion of US treasuries and bonds in 2011 [at current virtually negative yields]?

your 401k and ira accounts, via confiscation in some new sort of grand program yet to be announced, or course. ;)

[mamboni]

These pullbacks in silver can be wrenching, even for the devout silverbull. This is why it is so critical to fully understand the market fundamentals before investing in anything, most especially silver. To those who may be having a little doubt about silver price appreciation, I would like to focus on the monetary/fiscal aspects of current events.

Japan is now a net seller of US treasuries, to the tune of at least one half $trillion. China has just announced that it will be selling $2 trillion in US treasuries. The current US fiscal deficit is projected to be $1.5 trillion per annum; also, the US treasury will have to turnover about $1 trillion in maturing bonds/treasuries. We all know that the EU is fiscally on the balls of it's ass dealing with potential bailouts of Ireland, Greece, Spain and Portugal. If we assume that the Bernank suspends 'QE' this coming June on schedule, then I have a question for anyone here:

Who is going to buy $4 trillion of US treasuries and bonds in 2011 [at current virtually negative yields]?

If yields rise to attract buyers, the US economy and real estate market will inplode, as bad as things are now, to a full blown great depression. TPTB will not allow that to happen. QE/monetization will continue, even if by stealth. It must as it is the path of least resistance politically and economically. Only silver and gold will withstand the coming dollar holocaust. You must hold them!


Who is going to buy $4 trillion of US treasuries and bonds in 2011 [at current virtually negative yields]?

your 401k and ira accounts, via confiscation in some new sort of grand program yet to be announced, or course. ;)



Bingo! We have a winner.

To all of us with pensions, 401ks, Keoughs, 403b, annuities, life insurances and the like: BOHICA! :boohoo

PS: Stupid me, I added the numbers up wrong: it's $5 frickin' trillion! Jeez!

[Neuro]

Actually CHINA holds less than a trillion in US debt, they have the EQUIVALENT of $3T of foreign debt reserves, but the majority is in other countries, and even though they have suggested that they may divest it, they may just hold it as a bargaining chip, to continue buying up hard assets relatively cheap. Japan is up for a currency SWAP with the US to cover their half trillion dollar needs. The FED buys Japanese debt with Yens and Japan buys US debt with Dollar. The same goes for Europe and the UK. No need for QE3. They do QE 2.5 instead a bit bigger than QE 1.5 (Remember the half trillion USD that the FED swapped before QE2?). Certainly they leave the bond and stock market missing a few tens of billions, do that the illusion of hardship and their hawkishness becomes established, so that Kramer and the media can come screaming blood in the streets, and by Q3 QE3 will be rolled out...

[ximmy]

My magic ximball report for 60 days......
http://i153.photobucket.com/albums/s222/chrisneros/ximball-1.gif

...... 42-43 spot...

retail averages:
SAE's $50.50
10 oz Engelhards $480.00
100 oz Engelhards $4500.00





Still on target for the first half of June... :P
http://i153.photobucket.com/albums/s222/chrisneros/ximball-1.gif

[Spectrism]

I'm starting to think silver is reaching towards the establishment of a much higher floor than what we're expecting. Logic tells me we will hit 50 then fall to 35-ish. However, if silver is going to up XXXX's% over the full bull run, shouldn't times like this be expected?


So far- you can't guess much better than this!

[ximmy]

I'm starting to think silver is reaching towards the establishment of a much higher floor than what we're expecting. Logic tells me we will hit 50 then fall to 35-ish. However, if silver is going to up XXXX's% over the full bull run, shouldn't times like this be expected?


So far- you can't guess much better than this!


why you gotta burst my ximball...

[1970 silver art]

I think it will approach $50.00. Then crash with a stock market crash.
If QE3,4,5 etc come, the PTB will go long and buy up all they can from weak hands once it crashes then the price will rocket up.


Yup. I think 50.00 is the limit designated by those in control.

Crash imminent!

(not that I'm eager to sell.)


*pats self on back*

;)


Congrats Brewtech. :) JPMorgan will not allow for $50 silver this year. Each time that silver got in the $49 range and approached the $50 level, then JPMorgan just simply shot it down with its "Naked Silver Short gun". Besides, silver shot up way too much way too fast and this smackdown that we are currently witnessing was bound to happen. JPM will keep silver away from $50 as long as possible and, so far, JPM is winning this battle and that is one reason why silver will NOT hit $50 in 2011. $49.85 is the highest that you will see for silver in 2011.