How Long Before Silver Breaks $50?

[skid]

I say Sept 15. What say you?

[Ponce]

Ask "Silverart".........heheeheheheh he knows.

[1970 silver art]

Ask "Silverart".........heheeheheheh he knows.

Ponce? Since it is a forgone conclusion that silver is NOT going to hit $50 this year, do you have 3 rolls of tp ready to deliver to me?

[1970 silver art]

I say Sept 15. What say you?

Hey Skid, I think that silver will hit $50 sometime AFTER 2011.

[osoab]

Crystal ball is currently broke and chinese parts are on backorder. So no clue here.

But...

Au and Ag are the only two commodities that are having an up day. Everything else is getting slaughterd with the small gains in beef and hogs.
http://finviz.com/futures.ashx

Weird day.

[Large Sarge]

Ben Davies has said another short squeeze in silver is setting up

and James turk states is will likely be this month

I will say before 9/11

[Joe King]

Ponce? Since it is a forgone conclusion that silver is NOT going to hit $50 this year, do you have 3 rolls of tp ready to deliver to me?
I think you're just goin' for back to back "superbowls". lol

You called it right last year and now you're feelin' the pressure to "call it" again this year, yea?

I wish you well, but I thik Ponce is gonna win this one. lol

[ximmy]

Silver has to correct well into three digits...

[Large Sarge]

I think you're just goin' for back to back "superbowls". lol

You called it right last year and now you're feelin' the pressure to "call it" again this year, yea?

he only got it right by 15 cents ($49.85), and it took an unprecedented 5 back to back margin rate hikes, plus there was a drop in treasuries (some incentive to buy treasuries, Jim Willie covered it), and with the ususal massive open short positions that get paid by paper, etc


here is ben davies

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/2_Ben_Davies_-_Look_For_Another_Short_Squeeze_in_Silver.html

[Joe King]

he only got it right by 15 cents ($49.85), and it took an unprecedented 5 back to back margin rate hikes, plus there was a drop in treasuries (some incentive to buy treasuries, Jim Willie covered it), and with the ususal massive open short positions that get paid by paper, etc


here is ben davies

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/2_Ben_Davies_-_Look_For_Another_Short_Squeeze_in_Silver.html

I meant the price at years-end last year. He called $23 and it ended a little over that.
...and when he called it, it was like $15 and exhibiting signs of doggish-ness.

[gunDriller]

Hey Skid, I think that silver will hit $50 sometime AFTER 2011.

i think silver is out of the manipulators' control.

what i mean is, even if they TRY REALLY HARD to keep the price below $50, the forces pushing it above $50 are forces beyond their control.

i say, 95% chance it will break $50 by Feb. 2012, 40% chance it will be back up there by September 3, one month from today.

[madfranks]

Mid-late October is my guess when we'll finally see the $50 target breached.

[Neuro]

Dec Jan is my guess. I do think we will get a pullback, as the treasury is going to get 600 Billions in new bonds on the market in short order, but on the other hand the fed has been signaling that they may start monetizing again soon.


WHO ELSE is going to buy $600 B in US junk bonds?

If it is a late Fed intervention (a month from now, and there is blood on the streets), we may very well see Ag down at below 25 in such a scenario, but it will re-bound quickly.... A 'small' 2-300 Billion Fed intervention announced within a week, could very well propel Silver up towards $50 quite soon though. The ball is in the Federal reserve banks corner though. Difficult to judge now!

[Gaillo]

All I know is that Silver Art is going to be poorer by 3 rolls of TP before the year ends... ;D

[Large Sarge]

already they are talking about QE3, CNBC today, Zero Hedge has an article the fed governors are "seriously considering it", etc

The guy on CNBC said QE3 will be to suck up all those foreclosed homes sitting empty in America, further destroying the fed balance sheet, and with it the dollar...



imagine QE3 is being seriously discussed only 1 day after they raised the debt ceiling, and china downgraded our credit rating.... it took 1 day until QE3 was on the table for serious consideration...

$50 silver here we come......

[Large Sarge]

http://www.zerohedge.com/news/hilsenrath-feds-kohn-says-will-give-very-serious-consideration-qe3

Fed governors throw QE3 on the table, 1 day after debt ceiling is raised....

[TheNocturnalEgyptian]

These moves in gold are not looking good for sub-50 silver. I expect silver to keep climbing slowly.

[Serpo]

http://www.spectrumcommodities.com/education/commodity/charts/gc.htmlYes it all depends on GOLD..................

[Large Sarge]

Wednesday, August 3, 2011
Jim Willie: Gold and Silver Short Covering Has Begun, Silver to Pass $50 Before October
Jim Willie is back with a scathing attack on the debt ceiling hike, big predictions for gold and silver, and a prediction that Italy's default will cause the breakup of the EU in the next 2 years.
As always, a Must Read.

The Gold market correctly interpreted the vacant gutless debt pact, a deal to make a future deal, a decision to make future decisions. The Gold price rose on Tuesday by $40 and the Silver price rose the same day by $1.50 per ounce. The damage is more hidden than what is seen in nominal price. The short covering process has begun.
The defended $1600 barrier has been breached, smashed, and overrun. Those who recklessly placed their short positions at that level did not anticipate the power of this bull market, or recognize the strong attack from all four flanks. The $40 barrier is also being overrun. Gold will continue to fight the political battles, to bust the cartel phalanx, and to enable the harsh light of truth to shine on the wrecked USDollar and ponzi ridden USTreasury Bond. Silver will continue to run impressive breath-taking strides through the opened pathways. Expect a run past the $50 mark within the next two months, likely sooner. Things always seem to happen more quickly these days. The clock is running faster with all the fever and ruin.

Prepare for continuation in the long drawn out economic deterioration, business squeeze, financial depletion, and systemic failure. The USGovt debt default process is one for the history books, part of a bold Jackass forecast made in the wake of the Lehman, Fannie Mae, and AIG visible disaster in September 2008. At work was the more important but less visible destruction of the US banking industry. It has not recovered since the Lehman engineered bust kill job, fully exploited by Wall Street. Expect in the next couple years economic martial law, deep rationing, and economic implosion. Protect from lost life savings, forfeited wealth to the USTreasury Bond monster, and the fast pace of toxic paper spoilage. The answer is Gold &Silver, if not commodity stockpiles and energy deposits. For the small investor, the safest is precious metals with no paper securities and thus no counter-party risk. The GLD & SLV funds are both fraudulent, to be revealed in time, if not already for those with discerning eyes. They should be avoided, unless the investor wishes to miss the climax runup in price. The precious metals Gold & Silver have received zero positive press by the corrupted financial media, as well as very little respect despite being the best performing asset in the last decade. Ignore their deceptive messages, and climb aboard the Gold ship with Silver cabins, and watch the unfolding disaster from the heat tempered windows. The Fiat Paper locomotive has already gone over the cliff. The debt deal only defined a lower crash point in the abyss far below.
USFED WITHOUT OPTIONS

The second half of 2011 will feature a massive powerful headline Gold & Silver breakout rally that reflects the broken USDollar, the broken USGovt finances, the broken USEconomy, and the broken USFed leadership. The rally will capture global attention and encourage additional investment demand. Even the USMint badly aggravates the Silver shortage domestically.


The gold price is driven by certain immutable principal themes, each powerful in its own right. Combined, they form the basis for a global Paradigm Shift in wealth transfer. Gold has run roughshod over the $1600 supposed barrier. When it reaches $1700, it will make quick strides and long strides in a sudden move to $2000. The overriding themes are:
*ultra-low interest rates, the 0% scourge that urges asset protection
*lost faith in sovereign bonds, ruined on periphery, moving to core
*exploding government deficits, made worse each year.




Click here for more from the latest Hat Trick Letter:

[Serpo]

It looks like it is ALL ON................

[Ponce]

I do hope that my shelf will be able to hold three more rolls of tp without dropping down........ahhhhhhh the sweet smell of success.

[Serpo]

what smell where.......

[1970 silver art]

I do hope that my shelf will be able to hold three more rolls of tp without dropping down........ahhhhhhh the sweet smell of success.

I cannot wait to be able to "officially" collect 3 rolls of tp from you. I tried to collect 3 rolls of tp from you when you were on GIM2 radio but I was unsuccessful. I will try my best to be patient just wait once I "officially" win my bet on December 31, 2011. :) Just remember that I will be here for you if you need any assistance in giving up your 3 rolls of tp to me. :)

[1970 silver art]

All I know is that Silver Art is going to be poorer by 3 rolls of TP before the year ends... ;D

HAHAHAHAHAHAHA!!!!!!!!!!!!!!!!

Thanks for making me laugh. I needed that. ;D

[1970 silver art]

I think you're just goin' for back to back "superbowls". lol

You called it right last year and now you're feelin' the pressure to "call it" again this year, yea?

I wish you well, but I thik Ponce is gonna win this one. lol

I will have to respectfully disagree with you on what I highlighted in bold print. The sooner Ponce realizes that silver will NOT hit $50 this year, the better off he will be and his healing process will begin. However, you are right when I correctly predicted that silver will finish above $23 on December 31, 2010 (actually finished at $30.91 on 12-31-2010). On December 31, 2011, I should win my 2nd silver "superbowl". :)

[Eyebone]

Ah hell,I should keep my mouth shut, but, this month August 24th.

[1970 silver art]

i think silver is out of the manipulators' control.

what i mean is, even if they TRY REALLY HARD to keep the price below $50, the forces pushing it above $50 are forces beyond their control.

i say, 95% chance it will break $50 by Feb. 2012, 40% chance it will be back up there by September 3, one month from today.

I will have to somewhat disagree with you on this. The manipulators may not have the same kind of control over the DOG like they did in the past but they still have enough control over it to prevent it from hitting $50 this year. If it came close to $50 like it did in April, then the JPM shorts will just smack it down like they did in early May. It is not strong enough yet to overcome the JPM shorts at the $50 resistance level.

The DOG is not ready for prime time yet. It needs to take a dump and 2011 will be the year that it takes a dump and ends up disappointing a lot of people on GSUS. Sometime AFTER 2011, the DOG will eventually resume its run and it will eventually hit (and easily surpass) $50.

[Ponce]

Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life. But sorry to say that I will have no life after I loose my bet with the one and only Ponce buuuuuuuu buuuuuuuuub buuuuuuu.

[1970 silver art]

Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life. But sorry to say that I will have no life after I loose my bet with the one and only Ponce buuuuuuuu buuuuuuuuub buuuuuuu.

HOLY COW!!!!!!

Ponce? I did not know that you were also into Netflix, Pizza+OJ and silver art bars. Hahahahahah. We have a lot more in common than I thought. :)

OH BTW..........Ponce? Of course you will have a life. There's more to life than tp. All you will be giving up is 3 rolls of tp to me after I win my bet on December 31, 2011. For a tp king such as yourself, that should not bother you and besides, I will be here to give you emotional support in a time of need. :)

[Joe King]

You guys really ought to just work together and build neighboring islands. That way you can share resources.

Not to mention that when you get tired of certain visitors solid will be droping off, you can send them to the other ones island for awhile. lol

[1970 silver art]

You guys really ought to just work together and build neighboring islands. That way you can share resources.

Not to mention that when you get tired of certain visitors solid will be droping off, you can send them to the other ones island for awhile. lol

That sounds like a good idea Joe King but there is one problem with that. Ponce will probably not be in a sharing mood after losing 3 rolls of tp bet in a "betting accident". Besides, Ponce can keep Ximmy and I will be more than happy to keep the Bikini clad ladies. :)

[1970 silver art]

This is what I call a beautiful chart for today's silver action (see the green line).........................

http://www.kitco.com/images/live/silver.gif

It was bound to happen eventually. The fake August rally in silver got smacked down hard today and will probably continue getting smacked down tomorrow. :)

[Ponce]

Don't count your tp till Dic 31............you will find three missing rolls hehehehehehehehhe.

[1970 silver art]

Don't count your tp till Dic 31............you will find three missing rolls hehehehehehehehhe.

"Dic 31".............Hey Ponce, there are 12 months in a year. Are you adding a 13th month in 2011? HAHAHAHAHAHAHAHA!!!!!!!!!!! Don't cheat. I am winning the bet fair and square. :)

Actually, you will find that your shelf will be lighter once you ship those 3 rolls of tp to me on Jan. 2, 2012.

[mick silver]

as fast as silver went down today it could go up to fifty just as fast . no one can call a market right now . were people talk about silver going to the low 30 s that would be a dream for a whole of old time buyer and i would bet it would been with it a hell of alot new buyer into the silver club .. i know a few guys who are waiting for a low 30s to jump in hard

[Ponce]

Well mick I knew that it was going up........and that's why I keep on buying silver rounds instead of a new car.... my average is of $5.16 so that I got my money back many times over.......that is to say, when I sell it and IF I sell it, last time that I bought any was in 2002.