Houston silver breached $40.00

[Large Sarge]

woohooo!!!

[Serpo]

woohooo!!!



hooowoo

[1970 silver art]

Like I said before............................

DUH!!!!!!!!!!!!!!!.........................

http://i741.photobucket.com/albums/xx54/COScollect/SilverDOGWINNING.jpg

But.......................My gut feeling is tingling. JPMorgan is lurking in the background waiting for a chance to smack it down. If you are scared of heights, then do not look down because it is a looooooong way down. The DOG will survive the smackdown and recover, however, it will NOT hit $50 in 2011. In 2012 (and beyond), will silver hit $50? Honestly, I do not know because my gut feeling cannot go out that far ahead in the future.
;D

[Large Sarge]

Like I said before............................

DUH!!!!!!!!!!!!!!!.........................

http://i741.photobucket.com/albums/xx54/COScollect/SilverDOGWINNING.jpg

But.......................My gut feeling is tingling. JPMorgan is lurking in the background waiting for a chance to smack it down. If you are scared of heights, then do not look down because it is a looooooong way down. The DOG will survive the smackdown and recover, however, it will NOT hit $50 in 2011. In 2012 (and beyond), will silver hit $50? Honestly, I do not know because my gut feeling cannot go out that far ahead in the future.
;D


I think $50 is easily possible this year

I think $100 is in the realm of possible also

you have never had such a market distortion, and concentrated short position in the history of mankind, as the silver market today.

there are less than 1 billion physical ounces of silver above ground today

so less than $40 billion dollars buys every available scrap of silver on the planet (not mine at that price)

think about the size of the bond markets, currency markets, real estate markets, or stock markets in relation to silver

trillions of dollars versus $40 billion

anything is possible my friend

as doug casey said years ago referring to the coming gold boom, "it will be like trying to fit all the water behind hoover dam in a garden hose, as folks rush to leave those investments, and get into gold"

Gold is going to the moon, silver is going to mars, and then onto pluto....

[freespirit]

so where's this correction they keep talking about?

i like $40 silver, but i would like it even more after a week of $20 silver.

[Spectrism]

We are going quickly into hyper-inflation... actually, hyper-devaluation. It pisses me off that the bastards have found every way to steal from the people without allowing any escape for the commoner.

Folks, their traps are all around us. It is a control grab. If you think you are not trapped, you underestimate the global elite who have been planning this for decades. They got their boys in US govt and now are running it with impunity. They will whip things up and down, just when people loosen their grips on whatever they hold. The beast will grab everything it can from you... including your soul.

If you hold much silver, this price increase may sound like a good thing. It actually worries me. The only comfort for you is to know that you made a wise choice to preserve (at least for a while) some of your wealth in the metal. Watch out. Remember that they are wealth vacuums and they will try to steal anything left.

Ponce- find new hiding places for your toilet paper... I am sure that is next. Since I lost all my silver, the little I had, I will have to console myself in having a couple extra packs of toilet paper in my attic. Some of you need to take a little vacation and go on a boating trip. Misery loves (miserable)company so maybe you folks can lose your silver like the rest of us unfortunate slobs.

[Son-of-Liberty]

Like I said before............................

DUH!!!!!!!!!!!!!!!.........................

http://i741.photobucket.com/albums/xx54/COScollect/SilverDOGWINNING.jpg

But.......................My gut feeling is tingling. JPMorgan is lurking in the background waiting for a chance to smack it down. If you are scared of heights, then do not look down because it is a looooooong way down. The DOG will survive the smackdown and recover, however, it will NOT hit $50 in 2011. In 2012 (and beyond), will silver hit $50? Honestly, I do not know because my gut feeling cannot go out that far ahead in the future.
;D


I think the game has changed. Physical silver is finally driving the paper price instead of the other way around. Doubtful JPMorgan can cause any meaningful smack down at this point. Everyone is wishing they had more and are buying the dips. I am disappointed that their have not been any meaningful pull backs. Was hoping to back the truck up one last time.

[JDRock]

...again, lets not start jumping up and down and cheering while the country goes up in smoke here...

some of you sound like abunch of naiive gim2 blue pill cheerleaders :dunno i was hoping for a lil more sophistication here..

If you will take the time to understand the situation, you will see that;

1. This is NOT good.

2. Your silver isnt worth anymore in terms of intrisic value, than when it was 6.00.

all that is happening, is the Americas monetary system is imploding ( with all the social unrest and gov crackdown that goes with it)...that is NOT good.
Any speculation that the fed will be replaced by an honest bi metallic standard, is absurd. They will only CONSOLIDATE power in the chaos...

[uncletonoose]

Hey Blythe, Where's our smackdown for today? USD taking a dump!!! 75.17, down $.41

[DMac]

At some point JPM & Co are going to quietly move to a long position in silver and I think that is going to send the price careening past 60 into the 100 and beyond phase.

The battle for 50 will be very tough, IMO.

[JDRock]

We are going quickly into hyper-inflation... actually, hyper-devaluation. Folks, their traps are all around us. It is a control grab. If you think you are not trapped, you underestimate the global elite who have been planning this for decades. They got their boys in US govt and now are running it with impunity. They will whip things up and down, just when people loosen their grips on whatever they hold. The beast will grab everything it can from you... including your soul.

If you hold much silver, this price increase may sound like a good thing. It actually worries me. The only confort for you is to know that you made a wise choice to preserve (at least for a while) some of your wealth in the metal. Watch out. Remember that they are wealth vacuums and they will try to steal anything left.

Ponce- find new hiding places for your toilet paper... I am sure that is next. Since I lost all my silver, the little I had, I will have to console myself in having a couple extra packs of toilet paper in my attic. Some of you need to take a little vacation and go on a boating trip. Misery loves (miserable)company so maybe you folks can lose your silver like the rest of us unfortunate slobs.

Spectrism "gets it " here.... this is NOT a time for celebration.

[mrnhtbr2232]

Crow for dinner before July 1:

[po boy]

...again, lets not start jumping up and down and cheering while the country goes up in smoke here...

some of you sound like abunch of naiive gim2 blue pill cheerleaders :dunno i was hoping for a lil more sophistication here..

If you will take the time to understand the situation, you will see that;

1. This is NOT good.

2. Your silver isnt worth anymore in terms of intrisic value, than when it was 6.00.

all that is happening, is the Americas monetary system is imploding ( with all the social unrest and gov crackdown that goes with it)...that is NOT good.
Any speculation that the fed will be replaced by an honest bi mettalic standard, is absurd. They will only CONSOLIDATE power in the chaos...



We already have that don't we they are called SAE/GAE and they are not imploding at all. They are holding their value as you point out.
What is imploding is the FRN not the constitutional authorized money.
We don't need the fed so fuck it.
Buy sell and trade with anything but the frn know or wait until tshtf and hunker down/hope for the best.
Who cares if silver goes whatever amount is you haven't built a network of people and businesses to trade with it locally?
Imagine getting paid in silver, buying locally grown non gmo food for silver, how about a house,used car,tools ect.

[JDRock]

...again, lets not start jumping up and down and cheering while the country goes up in smoke here...

some of you sound like abunch of naiive gim2 blue pill cheerleaders :dunno i was hoping for a lil more sophistication here..

If you will take the time to understand the situation, you will see that;

1. This is NOT good.

2. Your silver isnt worth anymore in terms of intrisic value, than when it was 6.00.

all that is happening, is the Americas monetary system is imploding ( with all the social unrest and gov crackdown that goes with it)...that is NOT good.
Any speculation that the fed will be replaced by an honest bi mettalic standard, is absurd. They will only CONSOLIDATE power in the chaos...



We already have that don't we they are called SAE/GAE and they are not imploding at all. They are holding their value as you point out.
What is imploding is the FRN not the constitutional authorized money.
We don't need the fed so fuck it.
Buy sell and trade with anything but the frn know or wait until tshtf and hunker down/hope for the best.
Who cares if silver goes whatever amount is you haven't built a network of people and businesses to trade with it locally?
Imagine getting paid in silver, buying locally grown non gmo food for silver, how about a house,used car,tools ect.




..umm a brieh history lesson, but first a maxim; " history teaches us that we learn NOTHING from history"....and " history repeats itself"...
now a simple word; CONFISCATION. if this trend continues, they will . Peroid.
And as you stated " imagine" ....thats all were left with. I wish i could share you enthusiasm, but i fear you have fatally underestimated out enemy.

[Silver Rocket Bitches!]

Folks, the USDX is at 75.099. Many investors have their dollar positions set to stop loss at 75. We may be looking at a epoch moment for the USD with the government shutting down tonight.

Take a look, ALL commodities are up across the board priced in US dollars. Silver busting through $40 may look nice but $111 oil does not.

http://finviz.com/futures.ashx

[po boy]

..umm a brieh history lesson, but first a maxim; " history teaches us that we learn NOTHING from history"....and " history repeats itself"...
now a simple word; CONFISCATION. if this trend continues, they will . Peroid.
And as you stated " imagine" ....thats all were left with. I wish i could share you enthusiasm, but i fear you have fatally underestimated out enemy.

I go to trial on trumped up bullshit soon so I don't underestimate much. I see what's coming so I grow food not as much as I would like though.I know the fiat ponzi won't last therefore I talk to people about silver mainly US minted.
Don't get me wrong I'm not enthusiastic about what is down the road but I will not sit on my hands out of fear.
I will make an effort to soften as much as I can for those who can see the road less taken.

CONFISCATION would be considered a TAKINGS ACTION and you would have standing to sue and recover damages.
How would they take what they don't know you may have? Why would you leave bread crumbs?

I would rather have people to trade with than a bunch of people plotting to steal what I've got.

Ps. "History may not repeat it's self but it sure rhymes a lot" ;)

[solid]

I don't think confiscation outright is likely. It won't work a second time, considering that the people who actually take steps to own physical silver know too much. I don't think there's one person even on this forum that would willing give up their physical silver. Think about how many ounces are own in our little corner of the internet, just here, half a million ounces total? Maybe more? In a market with less than one billion total ounces worldwide, the silver market is small.

What I do think, is to prepare for massive social shaming on physical silver owners by the media, and the government. As we slip into a massive depression, with gold and silver continuing upwards...the media will blame metal 'hoarders' as the root of all evil, greed, to the masses. This is what worries me, that and efforts to tax the heck out of metals.

[hoarder]

The only kind of "confiscation" I could see is one where they "call in" all the gold and silver and "compensate" us for it by paying us in paper money at "market value" which of course will be whatever paper silver is selling for at that particular date.
But along with all the other illegal and corrupt actions of the rulers, this kind of action might be enough to push the peasants over the edge, coming out of the woodwork with their pitchforks in hand.

[Book]

Folks, the USDX is at 75.099.



Oy Vey! (http://quotes.ino.com/chart/index.html?s=FOREX_USDILS&t=&a=&w=&v=d12)

:D

[Ponce]

No to confiscation but a but YES to taxes on PM.

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

[JDRock]

The only kind of "confiscation" I could see is one where they "call in" all the gold and silver and "compensate" us for it by paying us in paper money at "market value" which of course will be whatever paper silver is selling for at that particular date.
But along with all the other illegal and corrupt actions of the rulers, this kind of action might be enough to push the peasants over the edge, coming out of the woodwork with their pitchforks in hand.


one can hope!....i know i do.

interesting to what they figure the "ameros" or whatever is worth, again,the house wins here as they not only decide the terms of the debate, but the value.

i think our best bet / hope is a s l o w move by the states, like utah to rework the money "laws".

i

[Libertarian_Guard]

http://i56.tinypic.com/akz8zm.jpg

[Son-of-Liberty]

1. This is NOT good.

2. Your silver isnt worth anymore in terms of intrisic value, than when it was 6.00.


I agree with #1, this isn't good, seems we do not have too much more time.

#2 is wrong though. I can buy more goods and services with an ounce of silver now then when it was at $6. When silver was at $6 it was undervalued, it is starting to catch up to it's true value now and I feel it will eventually reach a mania phase where it will overshoot it's true value, just like we have saw in tech stocks and real estate.

[mick silver]

i myself think there trying to take what left from the weak hands right now . if the price move up more there will be people selling there silver an gold . once they take that from everyone they can and will crash this market an take the dollar down with it

[Spectrism]

i myself think there trying to take what left from the weak hands right now . if the price move up more there will be people selling there silver an gold . once they take that from everyone they can and will crash this market an take the dollar down with it



Yes- and I think that will continue to be the game- take wealth from the weak hands and make more hands weak through controls of governments and manipulation of markets.

Consider the situation of China. They hold large amounts of US debt still. What if they diverted only $100billion into the silver market? I would sure prefer some good metal over junk paper. Even at $50 per ounce, that is 2 billion ounces thay could suck up. They DO have the ability to do this... and if they do, the dollar is also further devalued. The federal reserve will have to buy up those bonds on the secondary market- flooding the market with fresh FRNs... all to keep interest rates from pegging up. If interest rates peg up, the economies stall like an overloaded airplane pointing directly upward and its engine locked red-hot with no lubricant in the cylinders.

How many ounces of silver bought up by strong hands would drive the prices over $100? I think the delivery of real metal (not paper games) could do this in less than 24 hours... and keep it there for years... if there were years left in this world.