Silver back over $40

[madfranks]

Silver just lifted above $40. With all the market chaos of the last few weeks, the credit downgrade and gold breaching $1800, it was bizarre to see silver not even be able to reach $40. Well, we're here again, just $10 shy of the cool $50 target. So from here, does silver continue upward, or retreat back into the $30's?

[Serpo]

http://news.silverseek.com/CliveMaund/1313474760.php

he seems positive

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=133571&sn=Detail&pid=102055


http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=133552&sn=Detail&pid=102055

[JJ.G0ldD0t]

http://news.silverseek.com/CliveMaund/1313474760.php

he seems positive

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=133571&sn=Detail&pid=102055


http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=133552&sn=Detail&pid=102055

This guy's pretty positive too...
http://gold-silver.us/forum/showthread.php?47433-Silver-will-NOT-hit-50-in-2011

:D

I'm going with Clive though - $50 by November.

[1970 silver art]

There is no doubt in my mind that silver will head back down into the mid $30's and then in the '$20's. I still hang to the possibility that it will bottom out at around $26.00 this year. As always, JPM is going to continue to bring the price down and they will do everything in their power to keep it away from $50 and they will succeed in doing so IMO. It seems like the $41-42 level is the resistance that silver will fail to break.

[JohnQPublic]

I think we may be having another one of those silver short covering attacks. JPM managed to calm things for a couple of months, but the G/S ratio is trying to head back down again (towards 35:1), and I don't think JPM will be able to control it. Notice that Pt > gold again, and Pd is recovering. This is a sign that the industrial side of silver is moving up again, which brings the total package up. That coupled with gold moving up (which floats the monetary side of silver up) is silver positive. The dog is waking from its little nap. (Sorry 1970, but your brave prediction for 2011 seems doomed).

[Shami-Amourae]

Blast from the past:

http://www.youtube.com/watch?v=LaQ4cuhoevI

[SLV^GLD]

I still don't expect to see $50 in 2011 but definitely before May of 2012.
I do not expect to see sub $30 for the remainder of 2011 and am hopeful to not even see sub $35-$37.

[ximmy]

the power of manipulation... we'd be well into 3 digits without it...

[madfranks]

Nice analysis JQP but it looks like I may have started this thread too soon. Silver just dropped into the red, and is the only metal slipping back. :(

http://www.kitconet.com/images/sp_en_6.gif

[JohnQPublic]

Nice analysis JQP but it looks like I may have started this thread too soon. Silver just dropped into the red, and is the only metal slipping back. :(

http://www.kitconet.com/images/sp_en_6.gif

The analysis as from the last week or so. Pt and Pd are still up, but silver is struggling more. Gold is doing well. If Europe goes, this may put additional pressure on silver (industrial side), as well as Pd and Pt again. I think the fact that silver is being hit the worst is a clear sign that JPM is playing games still, and that silver is still a pivotal issue.

[1970 silver art]

The analysis as from the last week or so. Pt and Pd are still up, but silver is struggling more. Gold is doing well. If Europe goes, this may put additional pressure on silver (industrial side), as well as Pd and Pt again. I think the fact that silver is being hit the worst is a clear sign that JPM is playing games still, and that silver is still a pivotal issue.

There is no doubt in my mind that JPM is holding silver down to under $40 while gold is running back up towards the $1800 level. JPM will end up being very successful in holding down like they are doing this year. That is fine with me that JPM is artificially holding it down because that just means that I can continue to buy silver art bars from the local dealers at these "artificial low prices". However, sometime after 2011, there will be a point in time where silver will break free from those JPM shackles and head to "da moon".

[1970 silver art]

This guy's pretty positive too...
http://gold-silver.us/forum/showthread.php?47433-Silver-will-NOT-hit-50-in-2011

:D

I'm going with Clive though - $50 by November.

If Clive is saying that, then I will have to disagree with that. You will be in for a very big disappointment when November comes and goes without silver hitting $50. Silver will not even come close to hitting $50 in November. Even though gold and silver more than likely do well during that November time period, I think that the JPM shorts will bring the price down from the current level (about $40) to around $26 before November arrives and JPM will continue to make more attempts to limit silver's rally from that $26.00 bottom. Just my opinion.

[Serpo]

There is no doubt in my mind that silver will head back down into the mid $30's and then in the '$20's. I still hang to the possibility that it will bottom out at around $26.00 this year. As always, JPM is going to continue to bring the price down and they will do everything in their power to keep it away from $50 and they will succeed in doing so IMO. It seems like the $41-42 level is the resistance that silver will fail to break.

Rubbish............ the Indians always start buying in September and they are going to buy heaps as are the Chinese.
If its going down its got to do it soon like right now.And they say this stuff will run out in 9 years(2020)soon to be eight ,it sounds impossible.

[Serpo]

The analysis as from the last week or so. Pt and Pd are still up, but silver is struggling more. Gold is doing well. If Europe goes, this may put additional pressure on silver (industrial side), as well as Pd and Pt again. I think the fact that silver is being hit the worst is a clear sign that JPM is playing games still, and that silver is still a pivotal issue.

Very clear

[Serpo]

Nice analysis JQP but it looks like I may have started this thread too soon. Silver just dropped into the red, and is the only metal slipping back. :(

http://www.kitconet.com/images/sp_en_6.gif


I think it did that once before;D

[Serpo]

Take a good look at those prices on the ticker and notice that the next most expensive metal is 700 dollars more (palladium). The only thing is ,is that silver is the most important metal in many ways and it looks a little disjointed in price.

[1970 silver art]

Rubbish............ the Indians always start buying in September and they are going to buy heaps as are the Chinese.
If its going down its got to do it soon like right now.And they say this stuff will run out in 9 years(2020)soon to be eight ,it sounds impossible.


Hmmmmmmm..........In 2020, I do not think that it will run out in 2020. As for silver going down, I stand by what I said in the post you quoted me. As long as JPM has influence over the silver price, then it can go down even if India and China are buying. I have no doubts that JPM can throw a lot of JPM shorts at silver to bring it down. If JPM can keep silver alway from $50 like they have been doing, then they can put more downside pressure on the silver price. JPM may not have as much control over silver like they used to but they can (and will) naked short the white metal DOG to bring the price down if it gets too high. If there is another silver margin increase, that will have a negative effect on the silver price like it did in late April/early May. That is why I have been saying that silver will NOT hit $50 in 2011 and I will stand by that gut feeling prediction.

[JohnQPublic]

The dog came out to play today!

[1970 silver art]

The dog came out to play today!

..........................and the DOG played hard today. It took a big bite out of JPMorgan's ass. :)

[Santa]

Art, I sure hope you're not banking on those extra rolls of tp. I don't wanna see a good man get hurt. Learning to wipe your ass with autumn leaves safely takes practice.