Silver $42.07

[Hermie]

That's it.

[Son-of-Liberty]

I thought we were due for a massive correction this week?

HAHA

;D

[vacuum]

That's it.


Its the new floor? Why won't it drop to 'only' 25 :(

[JJ.G0ldD0t]

I thought we were due for a massive correction this week?

HAHA

;D


For my part - that was quite literally wishful thinking.

[chad]

$48 until i fade away in to obscurity...$48.

[mamboni]

I thought we were due for a massive correction this week?

HAHA

;D


Yeah, instead we got a massive silver erection. ;D

[JJ.G0ldD0t]

$48 until i fade away in to obscurity...$48.


shit - just start packing your bags already bud....

[Silver Shield]

This is the best day I have seen in 6 years.

[Plastic]

I thought we were due for a massive correction this week?

HAHA

;D




The rising price IS the correction!!!

[Celtic Rogue]

It was a correction... it just corrected upwardly! Now its even closer to being the real value of silver! 8-)

[mamboni]

Tonite, I'm going to check the usual web locations for commentary by the likes of Turk, Embry etc. to get their analysis of what is driving this silver market. Silver has shown incredible strength and this bull rally has a tenacity to it, especially in the strong recoveries from short term corrections. So my question would be, is silver being driven higher by:

1. Chinese demand (public and private).

2. Hedgies buying the trend (spec money)

3. A small minority of Americans and Europeans who are finally waking up to dollar destruction and buying the metals.

As per #3, it would only take 1 or 2% of the populace each buying a few ounces to push silver higher, given the depleted reserves.

[Silver Shield]

I thought we were due for a massive correction this week?

HAHA

;D




The rising price IS the correction!!!


Absolutely!!!

[mick silver]

a dam good day to own real money ...............................

[Ares]

3. A small minority of Americans and Europeans who are finally waking up to dollar destruction and buying the metals.

I believe it's number 3. I tried to get a couple of my neighbors 2 years ago to buy silver / gold. Just on Monday I was approached asked where he should go to buy some physical as he see's his savings in his words "going to shit in dollars". So I think some people are waking up.

[mamboni]

3. A small minority of Americans and Europeans who are finally waking up to dollar destruction and buying the metals.

I believe it's number 3. I tried to get a couple of my neighbors 2 years ago to buy silver / gold. Just on Monday I was approached asked where he should go to buy some physical as he see's his savings in his words "going to shit in dollars". So I think some people are waking up.


Yeah, my instincts are telling me that too. The rising price of silver is like a veritable rising tide, a force of nature. It has incredible momentum and seems unstoppable. This is why I have not sold any. Under any other circumstances, when a commodity runs so long and high above it's 200 MDA it's a signal to sell some and not get greedy. But this time seems different. The US dollar looks like it's about to collapse. Butler's prophecy of the great silver shortage appears to be happening now before our very eyes. And the social welfare government bubble seems to be qucikly approaching the long awaited collapse after decades of fiscal and monetary excess.

So, I for one am sitting pat on my silver steed!

[chad]

my cousin's whole office is still making fun of it, so we haven't reached a top yet.

[Serpo]

How Gold and Silver Prices Were Suppressed Early This Week

By Patrick A. Heller on April 14th, 2011
Categories: Gold and Silver Commentary, Precious Metals

There were certainly a number of reasons for the US government and its trading partners and allies to want to knock down gold and silver prices early this week. Though there are any number of factors that influence prices, here are just some of the reasons why precious metals prices needed to get clobbered.
Gold reached another all-time high (ignoring inflation) of $1,474.40 and silver broke above the psychological $40.00 threshold last Friday for the first time in more than 31 years. Momentum was building for even higher prices.
The US 10-year Treasury debt interest rate rose above 3.5% last Thursday and Friday, as a signal of possible further near term increases in interest rates.
The US Dollar Index last Friday fell to 75.06, its lowest level since late 2009.
The US government would want to look good in advance and during President Obama’s speech on Wednesday on the subject of reducing the budget deficit.
The US government also wants to look good going into the upcoming G-20 meeting on Friday and the International Monetary Fund and World Bank meetings coming up Friday through Sunday this weekend.
The monthly options expirations were coming up for the GLD and SLV gold and silver exchange traded funds on April 16. Higher gold and silver prices would result in larger demand for the delivery of physical metals, which would exert pressure for even higher prices.
Oh yeah, politicians in Washington DC pushed the Federal government to the brink of a partial shutdown last Friday night, clearly demonstrating the incompetence of Congress and the Administration in the performance of their respective duties.

If you have watched the market, you saw the price of gold decline a bit over 2% and silver drop over 5% from its highs reached in Asian and European markets early Monday. The mainstream media, as usual, got it wrong when it reported that the decline was due to “profit taking.” Here’s some of what really happened.
The US government’s trading partners apparently signal an upcoming suppression of gold and silver prices by first knocking down the HUI Index, an indicator of gold mining company stock prices. The sudden drop in the HUI Index early Monday was followed within hours by the drop in gold and silver prices. The HUI Index continued falling on Tuesday.
At the same time that the HUI started falling on Monday, Goldman Sachs came out with a recommendation that people sell their gold, silver, and a few other commodities such as oil to take advantage of what they believed to be temporary market tops. Goldman Sachs is the lead trading partner for the US Treasury (JPMorgan Chase is the lead trading partner for the Federal Reserve) so any such announcement that they might make could be to follow the orders of the US government to manipulate such markets.
If there was profit taking on the COMEX early this week, the number of open contracts would decline as owners of long contracts closed out their positions. On Monday, the number of open contracts in both the COMEX gold and silver markets increased, indicating the creation of new contracts by short sellers.
On Monday, the largest options transaction in the US was a put for 100,000 contracts of 100 shares each of SLV at a strike price of $25 per share before expiration in July 2011. The position will cost the buyer $1 million if the price of silver does not drop before July. When this trade was reported by Bloomberg, the price of silver had fallen enough by then that the owner of these options could have doubled his money. However, silver’s price has recovered significantly since then, possibly eliminating his entire profit position. Such a trade does not make sense to me unless it was solely an attempt to force down the price of silver. If the price of silver continues to recover and even moves higher through the July expiration date, the options would expire worthless.
Shares of SLV, which had recently been trading at about 40 cents per ounce below the silver spot price, fell to $1.00 below the spot price.
At the same time, the US 10-year Treasury debt interest rate was wrestled downward, closing in US markets at 3.5% on Tuesday.
Both Federal Reserve Vice Chair Janet Yellen and Federal Reserve Bank of New York President William C. Dudley gave speeches on Monday in which they supported the latest report by the US Bureau of Labor Statistics that consumer prices had increased barely 2% in the past year. Both asserted that increases in food and energy costs should be ignored in determining the increase in consumer prices. These speeches contradicted recent speeches by regional Federal Reserve Bank presidents James Bullard (St Louis) and Richard Fisher (Dallas) last week.

Even though, in my judgment, gold and silver prices continue to be in a long-term bull market, prices will not rise in a straight line. What we have seen in the past few years is that the periodic price drops, whether as a result of free market actions by investors or outright price suppression at the direction of the US government, are of a lesser percentage than before and are of shorter duration. In effect, the temporary drop in prices this week will likely prove to be another bargain buying opportunity.

Meanwhile, there is another factor affecting the trading of physical gold and silver this week. It has been a consistent pattern for several years that there is a decline in demand in US markets around the deadline for filing personal income tax returns. Typically, demand slows down about a week before April 15 (April 18 this year) and does not pick back up until a couple days after that deadline. Although my companies have seen significant demand for silver (mostly) and gold (to a lesser degree), it definitely looks like this pattern is happening again this year. In our judgment, we would have sold much more gold and silver this week were it not for the occurrence of the annual tax deadline.

There are many more reasons why the US government might want to suppress gold and silver prices. There is also a huge arsenal of tactics that could be employed for that purpose. At the most extreme, we could see a repeat of a rules change that the COMEX adopted in January 1980 at the gold and silver market peaks. At one point back then the COMEX prohibited anyone from purchasing a new long silver contract and would only permit parties who owned long contracts to liquidate them back to the parties who held short positions.

This rule change back in 1980 was done specifically to punish two private silver investors, the Hunt Brothers. There are no “villains” as such this time around as the demand for silver (and gold) is extremely widespread and includes several governments and central banks. Should the US government push for an identical rule change today, it would be punished by other nations who would sell off their dollars and US Treasury debt. So, while I don’t anticipate such an extreme rule change in the foreseeable future, other lesser rule changes are quite possible.

Just keep in mind that the more extreme the efforts by the US government and its trading partners and allies to hold down gold and silver prices, the higher the prices will eventually climb. Don’t be fooled into selling your physical gold and silver because you think that prices will be held down forever.

http://news.coinupdate.com/how-gold-and-silver-prices-were-suppressed-early-this-week-0770/

[1970 silver art]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.

[madfranks]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



The move from $40 to $50 will be faster than the move from $30 to $40. That means, less than two months buddy and you're three rolls of TP lighter!

[Son-of-Liberty]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



I agree that we are due for a correction. This price action is scary actually. I am still a cheerleader for silver though. Weren't we all expecting that at some point it would run away after years of suppression? Maybe that is what is going on here?

[Serpo]

This thing is kicking like a mule..........

[Serpo]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



I agree that we are due for a correction. This price action is scary actually. I am still a cheerleader for silver though. Weren't we all expecting that at some point it would run away after years of suppression? Maybe that is what is going on here?


Looks that way,catching up to gold, but then again silver always leads............how do you think gold got to $850 last time,because silver was being brought by the Hunts and so gold followed silver up.SILVER is the leading light,this time and last time.

[1970 silver art]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



The move from $40 to $50 will be faster than the move from $30 to $40. That means, less than two months buddy and you're three rolls of TP lighter!


Hahahahahaha!!!!!!

:ROFL:

Well I have to respectfully disagree with you here Madfranks. Silver will NOT hit $50 in 2011. Silver will NOT hit $50 because the silver smackdown will be big and it could drop back into the high $20's. Once the smackdown happens in the very near future, it will recover but it will NOT hit $50 at all in 2011.

I also want to say that silver IMO will eventually hit (and easily surpass) the $50 mark BUT it will NOT hit $50 in 2011.

Oh BTW, silver still has a way to go to hit $50......................Silver high (so far) for 2011 = $42.49/oz

[ximmy]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



The move from $40 to $50 will be faster than the move from $30 to $40. That means, less than two months buddy and you're three rolls of TP lighter!


Hahahahahaha!!!!!!

:ROFL:

Well I have to respectfully disagree with you here Madfranks. Silver will NOT hit $50 in 2011. Silver will NOT hit $50 because the silver smackdown will be big and it could drop back into the high $20's. Once the smackdown happens in the very near future, it will recover but it will NOT hit $50 at all in 2011.

I also want to say that silver IMO will eventually hit (and easily surpass) the $50 mark BUT it will NOT hit $50 in 2011.

Oh BTW, silver still has a way to go to hit $50......................Silver high (so far) for 2011 = $42.49/oz



It would be funny if it hit $49.99... LOL

[Serpo]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



The move from $40 to $50 will be faster than the move from $30 to $40. That means, less than two months buddy and you're three rolls of TP lighter!


Hahahahahaha!!!!!!

:ROFL:

Well I have to respectfully disagree with you here Madfranks. Silver will NOT hit $50 in 2011. Silver will NOT hit $50 because the silver smackdown will be big and it could drop back into the high $20's. Once the smackdown happens in the very near future, it will recover but it will NOT hit $50 at all in 2011.

I also want to say that silver IMO will eventually hit (and easily surpass) the $50 mark BUT it will NOT hit $50 in 2011.

Oh BTW, silver still has a way to go to hit $50......................Silver high (so far) for 2011 = $42.49/oz



7.5$ to go and its April, can understand if it drops off around June ect but still have powerful months after Sept to go

[Son-of-Liberty]

Sort of wishing we would see some bigger moves from gold. I didn't lose as much gold in my last boating accident as I did silver. :P

Also a strong move by gold would for me be a confirmation that silver wasn't due for a massive haircut.

[Son-of-Liberty]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



The move from $40 to $50 will be faster than the move from $30 to $40. That means, less than two months buddy and you're three rolls of TP lighter!


Hahahahahaha!!!!!!

:ROFL:

Well I have to respectfully disagree with you here Madfranks. Silver will NOT hit $50 in 2011. Silver will NOT hit $50 because the silver smackdown will be big and it could drop back into the high $20's. Once the smackdown happens in the very near future, it will recover but it will NOT hit $50 at all in 2011.

I also want to say that silver IMO will eventually hit (and easily surpass) the $50 mark BUT it will NOT hit $50 in 2011.

Oh BTW, silver still has a way to go to hit $50......................Silver high (so far) for 2011 = $42.49/oz



7.5$ to go and its April, can understand if it drops off around June ect but still have powerful months after Sept to go


If that happened Silver Art might end up using all the toilet paper, so either way he will be short three rolls. ;D

[1970 silver art]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



I agree that we are due for a correction. This price action is scary actually. I am still a cheerleader for silver though. Weren't we all expecting that at some point it would run away after years of suppression? Maybe that is what is going on here?


Yeah the price action is very scary to me and that is why my gut feeling is telling me that silver will NOT hit $50 in 2011. The silver smackdown will prevent it from hitting $50 in 2011. The smackdown will be big and ugly, however, I think that silver will recover later this year after the smackdown but it will not recover enough to touch $50 in 2011. I still like silver and I will always cherish it until the day I die. It just needs a breather (a correction) before it can continue to go up IMO.

I also want to say that this is just my gut feeling talking to me and I do NOT have anything, such as charts or any TA analysis, to back up this gut feeling prediction. :)

[1970 silver art]

I thought we were due for a massive correction this week?

HAHA

;D


Ok. Fair enough. I was wrong about this week but a correction in silver will happen. Silver has got to cool off at some point. It has risen too far too fast and it will correct. When will that happen? I think it will happen soon but I do not know exactly when.



The move from $40 to $50 will be faster than the move from $30 to $40. That means, less than two months buddy and you're three rolls of TP lighter!


Hahahahahaha!!!!!!

:ROFL:

Well I have to respectfully disagree with you here Madfranks. Silver will NOT hit $50 in 2011. Silver will NOT hit $50 because the silver smackdown will be big and it could drop back into the high $20's. Once the smackdown happens in the very near future, it will recover but it will NOT hit $50 at all in 2011.

I also want to say that silver IMO will eventually hit (and easily surpass) the $50 mark BUT it will NOT hit $50 in 2011.

Oh BTW, silver still has a way to go to hit $50......................Silver high (so far) for 2011 = $42.49/oz



It would be funny if it hit $49.99... LOL


Hypothetically speaking, that would be funny if silver hit a 2011 high of $49.99, however, I do not think that Ponce will be laughing when he has to give me 3 rolls of tp since I would still be right because that would $0.01 short of hitting $50. ;D ;D ;D

[osoab]

This is too hilarious.

It's a Silver Celebration.

:ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:


http://www.youtube.com/watch?v=FQLzfFEWhoM&feature=channel_video_title

[SilverMagnet]

The true "correction" is in assessing the inflated value of the worthless Federal Reserve Note and in bringing into alignment the true value of the world's most useful metal = Silver.

When the corrupt usury based financial institutions are brought down and honest money is in place, the correction will be complete until society once again becomes apathetic enough to allow fractional reserve banking to take place.

[Serpo]

Sort of wishing we would see some bigger moves from gold. I didn't lose as much gold in my last boating accident as I did silver. :P

Also a strong move by gold would for me be a confirmation that silver wasn't due for a massive haircut.


Show me when silver has dropped with out gold being over brought,as long as gold dosnt go up much then cant see how silver can drop

[osoab]

I was away from the computer today, my eyeballs popped out a bit when I saw the price at the top of the page.

Gold didn't move in tandem, the miners definitely didn't move with the spot price. The bucky took a big stinker too, broke the 74 handle.

Was this all about Bolivia? Pd and Pt didn't really move much. Hell, Pd is still below 800.

[ximmy]

This is too hilarious.

It's a Silver Celebration.

:ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:


http://www.youtube.com/watch?v=FQLzfFEWhoM&feature=channel_video_title


I like watching that guy... some of his celebratory yoga poses are hilarious... remember when he had long hair?...

[osoab]

This is too hilarious.

It's a Silver Celebration.

:ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:


http://www.youtube.com/watch?v=FQLzfFEWhoM&feature=channel_video_title


I like watching that guy... some of his celebratory yoga poses are hilarious... remember when he had long hair?...


This is only the 2nd vid I've seen. The other one was this. http://www.youtube.com/watch?v=LaQ4cuhoevI&feature=related

He does a head stand in this one. :D

I think this guy now ranks above Frankie the weather guy.

[Trinity]

Well I have to respectfully disagree with you here Madfranks. Silver will NOT hit $50 in 2011. Silver will NOT hit $50 because the silver smackdown will be big and it could drop back into the high $20's. Once the smackdown happens in the very near future, it will recover but it will NOT hit $50 at all in 2011.


"Me thinks thoust doseth protesteth a bitith toith muchith."

unknown author

[Silver Baron]

Ok, Bolivia, Japan, whatever.

If there's one thing you are all ignoring is that numerology algorithms run this dog.

April 27th should be the exact day when silver will top at $44.44 an ounce and that is the unfortunate top for the year (unless it breaks $50 in mid-late December).

This is because it is the 4th day of the 4th full week in the 4th month of 2011 (2+0+1+1=4).

It is derived from the compelling power of the number 44 (which has increased vibrational power because it is double 4's which fall in the 4th month .

"Plus, the two numbers (4 and 4), adding up to 8, have an umbrella vibration of effective management, controlling group dynamics, building large structures (buildings, bridges, organizations), and financial control."

These folks are the genius behind my theory, but they were way ahead of their time, they explain it all here.

http://numerologyvibes.blogspot.com/2007/05/number-44.html

If I'm wrong I'll eat 4 McDonald's McDoubles (umbrella effect of 8 patties).

[Nomoss]

In 1930 silver/gold was say 20 to 1
Today let's say that gold is 1475 that would put silver at 73.75/.771 or 92/oz.

[Serpo]

In 1930 silver/gold was say 20 to 1
Today let's say that gold is 1475 that would put silver at 73.75/.771 or 92/oz.


Yes sad isnt it........... ;D

[bellevuebully]

I was away from the computer today, my eyeballs popped out a bit when I saw the price at the top of the page.

Gold didn't move in tandem, the miners definitely didn't move with the spot price. The bucky took a big stinker too, broke the 74 handle.

Was this all about Bolivia? Pd and Pt didn't really move much. Hell, Pd is still below 800.


Paa dropped 10%, no news. Waz up with that? :dunno

[Sparky]

I was away from the computer today, my eyeballs popped out a bit when I saw the price at the top of the page.

Gold didn't move in tandem, the miners definitely didn't move with the spot price. The bucky took a big stinker too, broke the 74 handle.

Was this all about Bolivia? Pd and Pt didn't really move much. Hell, Pd is still below 800.


Paa dropped 10%, no news. Waz up with that? :dunno


PAAS has mining contracts in Bolivia, which announced they were going to be nationalizing some mines. CDE also got spanked.

http://www.bloomberg.com/news/2011-04-14/coeur-d-alene-pan-american-fall-on-proposed-bolivia-changes-2-.html?cmpid=yhoo

[Libertarian_Guard]

Osoab

Props are important.

And (short of dressing up like a clown) I can’t think of anything sillier than a chicken coop and unicycle!

That stooge needs to see a swift 33% correction in silver just to bring him back to earth, so that in the future, he might present the case for silver in a more level headed manor. We can (and should) have fun, and enjoy our good fortune, but we shouldn’t make the case for silver being the investment of choice of clowns.

[jason]

This is the best day I have seen in 6 years.


Quoted for truth. This mfer is a beast. Let's do this ;D

[Silver Shield]

I was away from the computer today, my eyeballs popped out a bit when I saw the price at the top of the page.

Gold didn't move in tandem, the miners definitely didn't move with the spot price. The bucky took a big stinker too, broke the 74 handle.

Was this all about Bolivia? Pd and Pt didn't really move much. Hell, Pd is still below 800.


Paa dropped 10%, no news. Waz up with that? :dunno


PAAS has mining contracts in Bolivia, which announced they were going to be nationalizing some mines. CDE also got spanked.

http://www.bloomberg.com/news/2011-04-14/coeur-d-alene-pan-american-fall-on-proposed-bolivia-changes-2-.html?cmpid=yhoo
I have long said stay away from mining stocks and any other paper asset tied to silver.

Stick to the physical.

Take this as a hint to take your loses and move into physical.

[osoab]

Nice move off the lows this morning.

[osoab]

You may want to go buy some piggy too.

Lean Hogs gapped up 8 bucks this morning. :o
http://www.finviz.com/fut_chart.ashx?t=LH&cot=054642&p=m5

[Shami-Amourae]

I'm pissed off that I pussied out and didn't buy at $39.75 a few days ago, but I'm still going to hold out a bit longer since I believe we are due a small dip. Look at the 30 day charts, and maybe you'll see what I see (correct me if I'm wrong please!):

[Neuro]

Nice move off the lows this morning.


Not very low lows either... G/S ratio at 34.64 right now! Amazing!

[Neuro]

I'm pissed off that I pussied out and didn't buy at $39.75 a few days ago, but I'm still going to hold out a bit longer since I believe we are due a small dip. Look at the 30 day charts, and maybe you'll see what I see (correct me if I'm wrong please!):




We are going up to all time high ($49.45), and then wham!

[Spectrism]

Ok, Bolivia, Japan, whatever.

If there's one thing you are all ignoring is that numerology algorithms run this dog.

April 27th should be the exact day when silver will top at $44.44 an ounce and that is the unfortunate top for the year (unless it breaks $50 in mid-late December).

This is because it is the 4th day of the 4th full week in the 4th month of 2011 (2+0+1+1=4).

It is derived from the compelling power of the number 44 (which has increased vibrational power because it is double 4's which fall in the 4th month .

"Plus, the two numbers (4 and 4), adding up to 8, have an umbrella vibration of effective management, controlling group dynamics, building large structures (buildings, bridges, organizations), and financial control."

These folks are the genius behind my theory, but they were way ahead of their time, they explain it all here.

http://numerologyvibes.blogspot.com/2007/05/number-44.html

If I'm wrong I'll eat 4 McDonald's McDoubles (umbrella effect of 8 patties).


Hey- hold on there!

No need to commit suicide over this.



This silver price rise is more than just dollar devaluation. It is a function of physical availability too. I think the shelves are depleted and people are going for this poor-man's gold. A smack-down? I don't know how they can do that to physical. They can play the paper market up all they want, but physical is either there or it is not. While we have seen big price increases in food, fuel & other commodities, it has not been completely across the board to the extent of silver's growth.

In June, I expect there will be another opportunity for the federal reserve to buy up more US debt. And before then, I think we will see the Japs dump the Yanks' worthless paper onto the open market. The federal reserve will have to buy that up to keep interest rates from spiking up.

Now... we must also consider that at some point, they will want to crash the system and bring in new controls. I don't think they are ready yet. We may be a year away from that point. So..... my guess is more frns will be printed as the fed sucks up (invisibly) the mounting debt paper.

[mick silver]

here what we are about to see .......................... The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it...
en.wikipedia.org/wiki/Great_Depression - Cached but it will be world war III

[Sparky]

Another high today at $42.88. I'm sticking with the idea of a interim top this month, but with gold reaching within $12 of $1500, I'd guess that needs to take place first. That would put the silver top in the $43-$45 area.

[bellevuebully]

I was away from the computer today, my eyeballs popped out a bit when I saw the price at the top of the page.

Gold didn't move in tandem, the miners definitely didn't move with the spot price. The bucky took a big stinker too, broke the 74 handle.

Was this all about Bolivia? Pd and Pt didn't really move much. Hell, Pd is still below 800.


Paa dropped 10%, no news. Waz up with that? :dunno


PAAS has mining contracts in Bolivia, which announced they were going to be nationalizing some mines. CDE also got spanked.

http://www.bloomberg.com/news/2011-04-14/coeur-d-alene-pan-american-fall-on-proposed-bolivia-changes-2-.html?cmpid=yhoo
I have long said stay away from mining stocks and any other paper asset tied to silver.

Stick to the physical.

Take this as a hint to take your loses and move into physical.


With due respect SS, I was probably buying silver before you knew what the symbol was on the table of elements. Pull up a 10 year chart of PAA and look at the far left side. Now go outside of that border.....that's where I was buying PAA. "cut your losses" lol.

[osoab]

Miners are still not responding to the last two days.

[Sparky]

I have long said stay away from mining stocks and any other paper asset tied to silver.

Stick to the physical.

Take this as a hint to take your loses and move into physical.


Well, SLW has gone up at triple the rate of silver over the last nine months.

In terms of profit, silver equities beat physical silver on the upside because they come with more risk. And they lose more on the downside.

You're right, any paper vehicle can crash to nothing as it holds more risk. But you are paid more for accepting the risk. So I view it as a separate play than physical.

Riding a bike is riskier than walking, but sometimes I ride my bike. Although they accomplish similar objectives, biking can get me their faster and provides a different experience, even though it adds risk. But I still walk, too.

[Twisted Titan]

My beloved Mercury Dime is going for 3.10 a pop at my local pusher

I remember when I paid 90 cents.

Sing it archie


http://www.youtube.com/watch?v=0d8FTPv955I

[bellevuebully]

Well, SLW has gone up at triple the rate of silver over the last nine months.

In terms of profit, silver equities beat physical silver on the upside because they come with more risk. And they lose more on the downside.



Physical is good, but the idea that it is the end all/be all has been overdone on this (and former) sites. A lot of opportunities have been overlooked by buying into the commerce mad-max anticipation. Agriculture, mining, timber, energy, etc....the expertise to provide these things will always be in demand. Therefore, their companies will always be worth something.

Like you suggested, everything has a set of risks. The biggest ones today for miners are the value of the units of currency you buy them in and geopolitical issues. They can both be hedged. The former by holding gold/silver, the latter by diversifying geographically. Of coarse there is also operational issues, but that should be dealt with personally with dd. Those who fail to recognize these concepts will be a lot poorer 10 years from now than those do.

In your example, if you ride a bike, you wear a helmet. If you walk, you leave a little earlier.

[Sparky]

[i]My beloved Mercury Dime is going for 3.10 a pop at my local pusher

I remember when I paid 90 cents.
...



I remember shelling out $2.50 for a common-date circulated Ben Franklin half-dollar. It seemed strange, but right.

[Nomoss]

Hi all. I can't post the links but on www.stevequayle.com he has some good articles on silver and gold/silver ratios.
So will some one post the links for me?

[osoab]

Picked up some prospectors for 43 today. ;D

[osoab]

Miners are still not responding to the last two days.


The miners did not respond at all to the action in silver today. WTF? Massive shorting?

[Libertarian_Guard]

Picked up some prospectors for 43 today. ;D


At today's prices, consider yourself blessed.

Without looking, I would think Prospectors would be closer to $50.

[osoab]

Picked up some prospectors for 43 today. ;D


At today's prices, consider yourself blessed.

Without looking, I would think Prospectors would be closer to $50.


Should have bought the other 4. Didn't have all the cash on me.

[bellevuebully]

Miners are still not responding to the last two days.


The miners did not respond at all to the action in silver today. WTF? Massive shorting?


Have to go back a little and have a look at the charts the last time you and I were noting this on the last run up. If I recall, they moved, but there was a little lag time. Not sure though... will have to check but it's too late for charts right now.lol

It's either portending a conclusion to the run up, or the funds are a little shy to whether or not these prices will stick. I got out a few weeks ago a little early in the run up (during the fukushima dip) and have been a little tempted to get back in on weak days, but I kind of feel I am chasing the market here as there has not really been a significant pull back. Let's face it....a run from 18 to 43 pretty much non-stop. I realize that it is correcting upwards, but I also realize when there are large profits to be had, the pro's take them at some point.

I think I may just wait a little. Summer is coming very soon, and if this year is like the last 10 (when everyone thinks this year will be different), the market will sag and then pick up interest again in the fall. I've made over 30% this year in paper and my core is untouched, so either way, it's all good. No need to be greedy.

Osoa..any thoughts on this?

[osoab]

Miners are still not responding to the last two days.


The miners did not respond at all to the action in silver today. WTF? Massive shorting?


Have to go back a little and have a look at the charts the last time you and I were noting this on the last run up. If I recall, they moved, but there was a little lag time. Not sure though... will have to check but it's too late for charts right now.lol

It's either portending a conclusion to the run up, or the funds are a little shy to whether or not these prices will stick. I got out a few weeks ago a little early in the run up (during the fukushima dip) and have been a little tempted to get back in on weak days, but I kind of feel I am chasing the market here as there has not really been a significant pull back. Let's face it....a run from 18 to 43 pretty much non-stop. I realize that it is correcting upwards, but I also realize when there are large profits to be had, the pro's take them at some point.

I think I may just wait a little. Summer is coming very soon, and if this year is like the last 10 (when everyone thinks this year will be different), the market will sag and then pick up interest again in the fall. I've made over 30% this year in paper and my core is untouched, so either way, it's all good. No need to be greedy.

Osoa..any thoughts on this?


I don't believe my thoughts count for squat. The fukushima dip just killed the uranium miners. I screwed up there.

I have held some cash back waiting for our long awaited dip. Still waiting and waiting. :oo-->

I'm befuddled.

43 dollar silver? Seriously, WTF? There has to be some another underlying reason for the sustained movement. Monetary? Foreign buyers? There have been way too many black swans pop up since the first of the year to pin it on one catalyst imho. Egypt, Libya, Bahrain, Yemen, Fukushima, Portugal, Ireland, Greece, UT taking delivery on 1 Billion in Au, and many more I can't remember off hand. Are we now starting the accelerated rate of decline?

I caught this over at Turd's blog (http://tfmetalsreport.blogspot.com/2011/04/are-you-ready-for-next-week.html).



Lastly, I've noticed a lot of wailing and grinding of teeth regarding some of the miners today. In all the hubbub about the PMs and "first notice" day, many of you seem to have forgotten that the third Friday of every month is equity option expiration day. Always shenanigans and hijinx today. Forget it. Look the other way. The HUI has corrected and is poised to spring to new highs. I'd say it'll probably run to 620-625 before taking another breather. Keep the faith!

Is this just a blip due to equities opex. I didn't even think of that.

http://www.marketwatch.com/optionscenter/calendar

[Serpo]

Miners are still not responding to the last two days.


The miners did not respond at all to the action in silver today. WTF? Massive shorting?


Have to go back a little and have a look at the charts the last time you and I were noting this on the last run up. If I recall, they moved, but there was a little lag time. Not sure though... will have to check but it's too late for charts right now.lol

It's either portending a conclusion to the run up, or the funds are a little shy to whether or not these prices will stick. I got out a few weeks ago a little early in the run up (during the fukushima dip) and have been a little tempted to get back in on weak days, but I kind of feel I am chasing the market here as there has not really been a significant pull back. Let's face it....a run from 18 to 43 pretty much non-stop. I realize that it is correcting upwards, but I also realize when there are large profits to be had, the pro's take them at some point.

I think I may just wait a little. Summer is coming very soon, and if this year is like the last 10 (when everyone thinks this year will be different), the market will sag and then pick up interest again in the fall. I've made over 30% this year in paper and my core is untouched, so either way, it's all good. No need to be greedy.

Osoa..any thoughts on this?


I don't believe my thoughts count for squat. The fukushima dip just killed the uranium miners. I screwed up there.

I have held some cash back waiting for our long awaited dip. Still waiting and waiting. :oo-->

I'm befuddled.

43 dollar silver? Seriously, WTF? There has to be some another underlying reason for the sustained movement. Monetary? Foreign buyers? There have been way too many black swans pop up since the first of the year to pin it on one catalyst imho. Egypt, Libya, Bahrain, Yemen, Fukushima, Portugal, Ireland, Greece, UT taking delivery on 1 Billion in Au, and many more I can't remember off hand. Are we now starting the accelerated rate of decline?

I caught this over at Turd's blog (http://tfmetalsreport.blogspot.com/2011/04/are-you-ready-for-next-week.html).



Lastly, I've noticed a lot of wailing and grinding of teeth regarding some of the miners today. In all the hubbub about the PMs and "first notice" day, many of you seem to have forgotten that the third Friday of every month is equity option expiration day. Always shenanigans and hijinx today. Forget it. Look the other way. The HUI has corrected and is poised to spring to new highs. I'd say it'll probably run to 620-625 before taking another breather. Keep the faith!

Is this just a blip due to equities opex. I didn't even think of that.

http://www.marketwatch.com/optionscenter/calendar





I have a thought (rare now days)...



BUY MORE SILVER

[Sparky]

Another high today at $42.88. I'm sticking with the idea of a interim top this month, but with gold reaching within $12 of $1500, I'd guess that needs to take place first. That would put the silver top in the $43-$45 area.


OK, we got the $1500 event out of the way today, with silver just shy of $44. Let's see whether this sets up a reversal, or whether we continue to go onward and upward in the medium term (next several months).

[ximmy]

It will dip & fall and correct... all the way up...

[Sparky]

I think the whole discussion of a correction is academic, as most of us already agree that gold/silver will ultimately far exceed $1500/$44. It's mostly a matter of general interest as to whether there will be a headline-grabbing tree-shaking correction that knocks a lot of weak hands out of the saddle. Other than that, those of us in the "correction" camp agree that much higher prices are ahead.

[Ponce]

The real "profit" will be there only when you sell.......but.......sell for what?, be sure to sell to make more profit and not just to buy more toys.....the silver that you bought for $10.00 is now worth 4 times more ,so, don't go crazy by the numbers but rather by the uses that the numbers will bring you.

[osoab]

bump for the memories.

[Shami-Amourae]

We look like idiots.
:(

[Son-of-Liberty]

Fuck this thread!!

[osoab]

We are going up to all time high ($49.45), and then wham!


We look like idiots.
:(

Neuro didn't.

[gunDriller]

We look like idiots.
:(

only if you were expecting omnipotence.

the range from $20 to $40 has made me more aware of the role of speculator money in prices.

production costs for Ag top out in the $21 to $22 range, though many mines have lower costs, AND it depends on accounting because Ag is usually extracted with other metals.


ANYWAY, now i know - a silver price at $30 for example, reflects $22 for production, & $8 for the speculator.


as for 2013, the Cartel has sent the message out loud & clear: no speculators will make money on Gold and Silver THIS YEAR. except them.

[Neuro]

Neuro didn't.
You need to have a look at the Palladium thread... ;D

[Silver Rocket Bitches!]

We look like idiots.
:(

That would be the fools playing the paper game.

[madfranks]

Back then, I bought two ounces of silver that I paid over $50 for, when it peaked. I still have those two ounces, just as a reminder that you never know.

[Sparky]

This should be a reminder that the world financial structure is a huge ship that can take on water for a long time before sinking. Prepare for tomorrow, but don't be holding your breath in anticipation.

[mamboni]

If silver touchs $20 I am buying, alot. Anyone who can and doesn't is a fool. The all-in cost to mine silver exceeds $22-24 per ounces. Please tell me what other commodity with properties indistinguishable from money can he had for below the cost of production and I will buy it. Those who are discouraged by recent prices for silver and gold are losing sight of the big picture and the long term. Yes, if you have to sell metal today to pay expenses then these prices suck. But if you are in this for the long haul to preserve, protect and hide wealth then today's prices are a gift.

[Sparky]

Keep in mind that these low prices are intended to force weak hands into selling at the lowest possible price. They are meant to discourage you.

[Jewboo]

https://www.zazzle.com/rlv/keep_calm_and_buy_ammo_neck_tie-rb2eeabc7988e46db9210885665929337_v9whb_8byvr_512. jpg

[gunDriller]

https://www.zazzle.com/rlv/keep_calm_and_buy_ammo_neck_tie-rb2eeabc7988e46db9210885665929337_v9whb_8byvr_512. jpg


my observation is that buying guns and bullets is a form of anti-depressant for some people.

steel and lead is healthier than SSRI's, so what the hell !

[Shami-Amourae]

https://www.zazzle.com/rlv/keep_calm_and_buy_ammo_neck_tie-rb2eeabc7988e46db9210885665929337_v9whb_8byvr_512. jpg



I go shopping for ammo 1-3 times a week. I keep having to buy 50 cal ammo boxes to keep up.
:p

I've mainly been focusing on getting 9mm ammo. Been thinking of trying to get .223 and 5.56 so I can get an AR-15 down the line.

Any ammo calibers you recommend Jewboo? What do you like to "stack"?

[mick silver]

http://www.midwayusa.com/find?newcategorydimensionid=9781&cm_vc=653PopCat