silver $100 by christmas (here it is)

[Large Sarge]

http://www.youtube.com/watch?v=8e3NVER7wjU&feature=player_embedded

[Large Sarge]

http://www.youtube.com/watch?v=8e3NVER7wjU&feature=player_embedded

[Twisted Titan]

I think we can see 75 buck. Silver by years end

[platinumdude]

I hear a TP bet being cashed in.

[Neuro]

I think we still have one serious smackdown on silver, and we'll see about $50 by years end, we'll see $100 in March April time frame. Gold seems destined to reach $2000 shortly though... Interesting times!

[Large Sarge]

$43 in after hours

[MAGNES]

Sarge, you have turned into one of the biggest cheerleaders, could be dangerous.;D

Where is the Crimex meltdown we were arguing about for July ?
Never happened, it reads of the past quite a few times, and stayed
true to past again.

They destroyed SI with the volumes, washed everyone out, punishment,
new money learned the lessons others learned in the past, no SI
breaking highs anytime soon.

Biggest news was massive SI volumes making COT moot, constant daily
volumes surpassing the SI Shorts, and gold breaking new highs this summer,
before any major news breaking, something is up alright, too many
people are aware now, they got tricks for everyone, so beware.

I don't think Chavez is going to get his gold that easy, but they could
easily do it, with the help of an allied central bank from other countries.
They have a problem with Chavez so may go back to past attacks on him.
Gold was breaking new highs long before this news. They could of knocked
it down but did not for whatever reason.

[Large Sarge]

Hi Magnes,

I am not a trader, and I readily admit it

the COMEX is not audited, so those numbers they throw around, are just imaginary, like printing up some more FIAT to bailout another collapsing bank.

My guess is COMEX has less than 10 million ounces of physical silver

Eric Sprott, when he opened his silver trust, it took 9 months to source

recent update has 41 million ounces at sprott

I believe he started with 30 million ounces, and it took 9 months to find it (and this was 3 years ago)

http://www.google.com/url?sa=t&source=web&cd=9&ved=0CFwQFjAI&url=http%3A%2F%2Fwww.resourceinvestor.com%2Fnews%2 F2011%2F5%2Fpages%2Fsprott-on-gold-vs-silver-after-the-selloff.aspx&ei=BtBOTrD4EIHw0gHOndX8Bg&usg=AFQjCNE3Hd8Tq9DF8ncYtnmUmUiAslMbWQ&sig2=-VJ8JS_AFtXGIZJJUs2ccA

[StreetsOfGold]

Genesis 1 KJV bookmark on his Firefox tab. Cool

[MAGNES]

the COMEX is not audited, so those numbers they throw around, are just imaginary, like printing up some more FIAT to bailout another collapsing bank.

My guess is COMEX has less than 10 million ounces of physical silver


My point then was/is, we have seen this before many times, remember.
I gave links, examples, even LME history.

Default is a game changer, they won't go there to the end, they
have never ending bag of tricks, as you point to as well.

I am freaked out by gold breaking new highs this summer,
we need to stick to and study anomalies as students, SI is
barely following gold, they burned everyone a new one,
$50 is their line, we were watching this carefully.

I don't see the Chavez news as effecting the market as much as
others, it is not being put on CNN, etc, those watching know the
truth on gold already, and waiting to see some bombs to make an
example out of him. If they don't have his gold an allied central bank
will step in, no Comex involved.

On the metals these last couple of years.
They know people are watching and trying to capitalize on their rigging operations.
Hence they change it up.

[mamboni]

Meantime, at the offices of Investment Rarities:

Cook: So tell me again, how high will silver go?
Butler: I don’t make price predictions. I’m an analyst, not a prophet.
Cook: But you said silver will run out soon.
Butler: It’s rarer than gold and virgins at a Democrat party convention.
Cook: So its price will rise.
Butler: Yes, meteorically! It will take your breath away.
Cook: Wow, I’ve got goose bumps.
Butler: Silver is being consumed. 5,000 years of accumulated silver stocks have been used up making computers, switches and silver-coated condoms.
Cook: Wow, that’s a lot of condoms.
Butler: Yep, the way the CFTC is screwing us on the silver pricing, we will need lots more silver-coated condoms.
Cook: How much silver is used in a silver-coated condom?
Butler: It depends.
Cook: On what?
Butler: On it’s size.
Cook: Huh?
Butler: Look, if I’m hung like horse and you’re hung like an elevator button then my condoms will use a lot more silver than yours will.
Cook: Fuck you.
Butler: Fuck you!
Cook: Have you been talking to my wife?
Butler: I don’t know – ask Izzy.
Cook: Speaking of Izzy, he projects that silver be become more valuable than gold!
Butler: Yes. Izzy foresees a time when one will buy a house with a few silver quarters.
Cook: Oh, really! Will it be a nice house?
Butler: Yeah, with a bidet for you to sit on.
Cook: Heh now, take it easy.
Butler: Then don’t ask me crap like that – I’m an analyst, not a realtor!
Cook: Ok, Ok. Anyway, thanks for talking to us today Ted. I’m all pumped up and will probably even skip taking my Xanax pill, what with this recent silver price action.
Butler: Don’t do that – I hear that there are trace amounts of silver in the capsule.
Cook: Ok, ok. Thanks again Ted!

[Large Sarge]

like I said Magnes,

I am not a trader,

so I just throw it out for speculation...

I know historically speaking, that 2 years from now, the price of silver will make todays prices seem unbelievably cheap...

and dan norcini (as mentioned by jim willie) has come out and stated "silver is acting more like gold, than an industrial metal"

that happens later in the bull market, the monetary role returns, pushing the GSR lower

[Large Sarge]

I like the humor mamboni, but I do believe the silver story...

[mamboni]

I like the humor mamboni, but I do believe the silver story...

Me too! Just havin' fun. Whenever I read those Ted and Cook dialogs, I picture Cook acting all excited with wide-eyed wonder while Ted tells him how silver will amaze all. It's a bit contrived but entertaining.

[MAGNES]

I am not a trader,

so I just throw it out for speculation...

I know historically speaking, that 2 years from now, the price of silver will make todays prices seem unbelievably cheap...

and dan norcini (as mentioned by jim willie) has come out and stated "silver is acting more like gold, than an industrial metal"

that happens later in the bull market, the monetary role returns, pushing the GSR lower

I'm not a trader either, looking or opportunities though, like past,
I was the biggest linker to Norcini on gim near the end there,
and often my few threads at key points in history, his analysis
followed mine, not the other way around. ;D Where's the hat
eater ?

Some noob reading this thread has no idea the research we have done,
and experiences.

Had a post on cheer leading again, my own experiences, LeMetro cheerleaders,
vs Hamilton, etc, I too got caught up in it as a semi noob, cost me,
remember 40 silver overnight, some were buying calls at 12 lows or trading
futures and getting washed out. I made lots of mistakes, trading
Hamilton style was no mistake, those opportunities seem to have
been curtailed these last couple of years, no more free money.

[mick silver]

when the beat down starts magnes what do you see as the lows in silver ?

[MAGNES]

when the beat down starts magnes what do you see as the lows in silver ?

I've been wrong about this lots of times recently.
We are just going by history, 1 gold has not had the
corrections that were common since 2008, 10 %
is not a correction. 2 Gold has never made highs
like this in the summer. I don't claim to know why
and how, maybe something big is happening, maybe
the wheels will come off, maybe they are just fucking
with everyone, I think the systems are so corrupt that
reality is what they say it is, it is going to be a slow burn.
Too many people are aware now, maybe we won't
get the corrections of past because of this. Everything we
have lived through going back, you would think that gold
and si would be much higher and something would of broke.

[mick silver]

i have not been in this game as long as so of you guys . but i cant recall a jump in prices of silver an gold as we all have seen this summer . so yes i also have a bad feeling myself some thing is up .

[MAGNES]

i have not been in this game as long as so of you guys . but i cant recall a jump in prices of silver an gold as we all have seen this summer . so yes i also have a bad feeling myself some thing is up .

You can still read Hamilton articles at Zeal, I was a subscriber to their news letters,
but the best material is actually free, trading confidently on setups, the right way to
do it, not gamble, his analysis goes back a few years, gold has never had newer
highs that I have seen in summer, for years people were trading these setups, his articles in 2006,
have a look at them, I was a subscriber of LeMetro too, they were key on COT
analysis, but they too were big cheerleaders, read Fekete's article from Sept 1 2006,
as people were being destroyed, LOL. I was new to it too that summer.
If you read Hamilton's articles on metals, 2006, you can't go wrong, everything
is in there as well, knowing the manipulation, COT, Butler, it is all in the charts,
all comes together. http://www.zealllc.com/essays.htm

[Large Sarge]

Silver Breaks $43 in Access Market Trading
Silver and gold have finished their spectacular weeks with an absolute bang!
Silver closed the week up over $4, and gold gained $110 for the week!

Silver continued to run throughout this afternoon's access trading, touching $43.05 and CLOSING at $43!
This is immensely bullish for next week, as silver has made a STRONG WEEKLY close above $42.
Once silver clears $43...there really is barely any technical resistance whatsoever between $43 and the May high's of $49.73. The $6 vacuum in price shouldn't take long for silver to gap through...particularly with The Bernank's Jackson Hole appearance next week where nearly all of the market is expecting QE3 to be officially announced.
IF QE3 is to be announced next week at Jackson Hole, we expect massive subsequent margin hikes in both gold as well as silver either this weekend or early next week by the CME.
and silver simply cannot be allowed to be trading at $1850 and the mid $40's upon the announcement of additional QE by the Fed.
A QE3 announcement next week without substantial prior margin hikes in gold in silver will see $2,000 gold and $50 silver at a minimum by the end of next week.
Enjoy your weekends, next week is shaping up to be EPIC for gold and silver.

MARKET IS CLOSED
(Will open in 62 hrs. 32 mins.)
Metals Date

Ask Change Low High
GOLD 08/19/2011

1854.10 +28.20 +1.55% 1837.10 1866.10
SILVER 08/19/2011

43.00 +2.26 +5.56% 41.38 43.05

[1970 silver art]

Here is what I think will happen for silver the rest of this year:

1.) Silver will NOT hit $50 this year

2.) If/when silver makes it to $48-$49, then it will get smacked down by the JPM shorts like it did in early May and maybe this time around, it will bottom out at $26.00 before this year is over.

3.) Silver will have a decent recovery and end up finishing the year end between $37 and $41.

4.) I will win the bet with Ponce and I will successfully collect 3 rolls of tp from him.

O0

[Eyebone]

Here is what I think will happen for silver the rest of this year:

1.) Silver will NOT hit $50 this year

2.) If/when silver makes it to $48-$49, then it will get smacked down by the JPM shorts like it did in early May and maybe this time around, it will bottom out at $26.00 before this year is over.

3.) Silver will have a decent recovery and end up finishing the year end between $37 and $41.

4.) I will win the bet with Ponce and I will successfully collect 3 rolls of tp from him.

O0

What is it like to be the only person that is absolutely sure about the market?

[Dogman]

What is it like to be the only person that is absolutely sure about the market? Must be related to Ponce, hear absolute confidence runs in the family! ;D

[1970 silver art]

What is it like to be the only person that is absolutely sure about the market?


Actually I am about 99.9999999% sure about the market. What is it like to be 99.9999999% sure about the market?.................................It feels great. ;D I feel that I will be right on this. As I have mentioned, it is just a gut feeling of mine on the DOG. :)

[Veni, vidi...evigilavi!]

Here is what I think will happen for silver the rest of this year:

1.) Silver will NOT hit $50 this year

.......
.......
4.) I will win the bet with Ponce and I will successfully collect 3 rolls of tp from him.
O0

Unless he doesn't ever return, now that everyone's been ragging on him, poor guy..

EDIT: nevermind, he's back, LOL

[1970 silver art]

Must be related to Ponce, hear absolute confidence runs in the family! ;D


Hahahahah!!!!! Nope. No cuban blood in my veins. :) Too bad that we have our differences in opinion on silver hitting $50 this year. Even though silver is currently at nearly $43, I still stick to what I have been saying since April and that is..........Silver will NOT hit $50 in 2011. :)

[Grog]

4.) I will win the bet with Ponce and I will successfully collect 3 rolls of tp from him.


I'm wondering about the particulars of your wager. I hope you added the words 'on original roll and un-used' following the words 'rolls of tp' in that wager.

Just saying.

[1970 silver art]

Unless he doesn't ever return, now that everyone's been ragging on him, poor guy..

EDIT: nevermind, he's back, LOL

Nope. I am used to it. I do not mind. When I feel strong about my gut feeling on silver, then I will express it even if it goes against the grain of this board. I also want to state that I am short-term bearish on silver (2011 only for the time being) but I am long-term bullish on silver (and gold). I just cannot shake that feeling that there will be another silver smack down coming soon. We will see what happens very soon.

[1970 silver art]

I'm wondering about the particulars of your wager. I hope you added the words 'on original roll and un-used' following the words 'rolls of tp' in that wager.

Just saying.

When I win my bet with Ponce on December 31, 2011, then I will require that those 3 rolls be "original" and "un-used" .

[osoab]

The correlation with Au, Ag, and the USD was stunning to me this week.

USD up, Au was up nicely, Ag held its own on those days this week. Every other commodity and index were getting taken to the woodshed.

USD down, Au and Ag both up, especially yesterday.

Ag seems like some legs are with it. It is holding its own. This is just from watching the spot prices throughout the day.

Something bigger seems afoot to me.

Gold looks like the run to safe haven on everyday. Anyone know the price action on investment grade diamonds?

[Plastic]

Personally, I hope you lose your bet there Josey. After-all It is "in the end" a "paper" bet. :P

[osoab]

Personally, I hope you lose your bet there Josey. After-all It is "in the end" a "paper" bet. :P

it is also a paper bet for the "end".

I wonder if the bet was for used or unused TP. ;D

[gunDriller]

Here is what I think will happen for silver the rest of this year:

1.) Silver will NOT hit $50 this year

2.) If/when silver makes it to $48-$49, then it will get smacked down by the JPM shorts like it did in early May and maybe this time around, it will bottom out at $26.00 before this year is over.

3.) Silver will have a decent recovery and end up finishing the year end between $37 and $41.

4.) I will win the bet with Ponce and I will successfully collect 3 rolls of tp from him.

O0

nice Fro, Bro ! :-)

when Silver is $26 - got any hunches, where will any of these guys be -
* Dow
* S&P
* Oil (West Texas Intermediate or Brent)
* Gold

[1970 silver art]

Personally, I hope you lose your bet there Josey. After-all It is "in the end" a "paper" bet. :P

Yep. You are right. It is a paper bet in more ways than one. For example, when I look on ebay and see common-minted silver art bars selling for more than $50 (plus shipping) there, then the paper price does not mean squat in that situation. Eventually (after 2011) silver will just break free from the JPM shackles and take off to "da moon". :)

[1970 silver art]

nice Fro, Bro ! :-)

when Silver is $26 - got any hunches, where will any of these guys be -
* Dow
* S&P
* Oil (West Texas Intermediate or Brent)
* Gold

I think that they all could be lower, even gold. However, gold will hold up better than everything else but I feel that gold will back off from the current levels but not by much (maybe back to $1600's level). This is just a WAG on my part. Honestly, I really do not know what will happen.

[solid]

Art, we all know the Dog, has been leashed up tight by the Morgans, and big banks.

She's ready. Unleash her, let her stretch her legs...she wants to RUN! Give her a wide open field of grass and let this ol' gal take off to the races.

Get your TP ready, Artie, you'll be paying the Ponce piper soon enough. Giddeeup.

[MAGNES]

What is it like to be the only person that is absolutely sure about the market?

Silver Art was right in the past, $50 is their big psychological line, SI was moving and even leading in percentages, then they sat on it. $50 was their line, they showed this, they used overnight and Asia to do this, typical past MO, it is easier now to make this prediction because of their behavior, $50 is their line, another blow off top is in the cards,
suckering in longs then burning them is strong part of their MO, I have a thread here with charts looking closely at the blow off top and the destruction they pursued, and it was destruction, recently GC is breaking to new highs in a big way, especially being summer and SI ain't moving, there have even been weird anomalies, SI got hammered $ 3-4 dollars as Gold was breaking new highs, just recently, I don't post often on this but when I do I try to highlight the anomalies.

Capping Silver, Massive Volume Price Drops (http://gold-silver.us/forum/showthread.php?48305-Capping-Silver-Massive-Volume-Price-Drops)

Have a look at this, RECORD $1801 GC, SI gets hammered.
http://gold-silver.us/forum/showthread.php?52876-Gold-Futures-Touch-1801



Here is what I think will happen for silver the rest of this year:

1.) Silver will NOT hit $50 this year

2.) If/when silver makes it to $48-$49, then it will get smacked down by the JPM shorts like it did in early May and maybe this time around, it will bottom out at $26.00 before this year is over.

3.) Silver will have a decent recovery and end up finishing the year end between $37 and $41.

4.) I will win the bet with Ponce and I will successfully collect 3 rolls of tp from him.

O0

You are wrong dude, SI will have a blow off bottom at $ 16.666 . O0

[Horn]

Chavez just passed a law to Nationalize all silver-coating condom manufacturers in Venezuela as well.

[Neuro]

I didn't expect gold to act like it did following the raising of the debt ceiling. I expected it to go down, but not as much as stocks, bonds and silver. Now it has been going up and it seems like it will hit 2000 quite soon, and if that happens I would be very surprised if Silver won't be at 50, or above... One of the 'rules' in technical analysis is that there is no such thing as a tripple top... That should mean that if Silver reaches 50, it will just go on, and in that case it might be at 100 by christmas. If the PTB have any powder left, AND they are interested in breaking this PM bull temporarily, they should do it pretty soon. However it will be at the price of breaking the economy, in other words not monetizing a single cent, while the treasury tries to sell 600 Billions of bonds. That will see the gold price down to 1430, DOW down to 5000, and silver sub 25...

[Shami-Amourae]

$50 is a big physcilogical barrier for Silver to pass in my view, so I don't think we can make any serious predictions till the banksters let (or run out of bullets) Silver to climb past $50. Just remember, the Rothschilds ultimately control all markets, even the Hong Kong Mercantile Exchange (http://dont-tread-on.me/the-rothschilds-and-the-hong-kong-mercantile-exchange/), HyMex.

Just keep that in mind when figuring these sort of things out, since the laws of economics don't apply in a market rigged by a bunch of inbred pieces of shit who are obsessed with world enslavement and domination.

[Walter Mitty]

Chavez wants Venezuela's Gold. From JPM, BOE, et al, My guess is, they ain't got it.
Just because it is no "Big" deal to the Whores of the American Media does not mean the rest of the World and large investors are not watching to see what unfolds.
What if you went to the bank to get your "Stuff" out of your safety deposit box and the bank said no, can't have it?
If they do not Pony up, Silver will hit $50.00 by next week.
Bank of England + U.S. Fed + U.S. Big Banks + U.S. Fed.gov = Largest criminal enterprise on the face of the planet.
Soon to be apparent to the rest of the World.
Just my 02.

[Large Sarge]

Chavez wants Venezuela's Gold. From JPM, BOE, et al, My guess is, they ain't got it.
Just because it is no "Big" deal to the Whores of the American Media does not mean the rest of the World and large investors are not watching to see what unfolds.
What if you went to the bank to get your "Stuff" out of your safety deposit box and the bank said no, can't have it?
If they do not Pony up, Silver will hit $50.00 by next week.
Bank of England + U.S. Fed + U.S. Big Banks + U.S. Fed.gov = Largest criminal enterprise on the face of the planet.
Soon to be apparent to the rest of the World.
Just my 02.

Ben Davies states $2100 gold in a couple weeks, whats that do for silver?

even at 40 to 1

$52

Could see Gold near $3000 by end of the year

[mick silver]

i never thought i would see gold saling for the same price as Platinum .

[Serpo]

http://news.goldseek.com/LemetropoleCafe/1313960280.php

http://www.goldseek.com/news/LemetropoleCafe/lmpc.jpg

[Horn]

i never thought i would see gold saling for the same price as Platinum .

The best pick by Mick in a while, I hadn't even noticed that. LOL

[Serpo]

It is interesting to look at the price movement patterns for gold and silver of late. Normally if gold is on a tear, silver jumps up, as one commentator described it, like gold on steroids. Likewise when gold falls back silver is prone to plunge. But we have seen none of this in the past two or three weeks when gold has moved up and down quite drastically. Initially silver remained virtually unmoved while gold fluctuated wildly - unusual behaviour for ‘poor man's gold'. And only now, with gold reaching for, and achieving new records, has silver been seemingly reluctantly dragged up along with it and at long last appears to be shaking off its stuttering performance. Indeed today it was gold which stuttered after reaching new peak amd silver, after a hiatus, continued to rise closing in on $43 - an increase of nearly 9.5% on the week. Does this change in behaviour mean a rerating is taking place?
Perhaps not yet. Silver investors are naturally nervous, particularly following the sharp fall in their favoured precious metal at the beginning of May - a fall so severe that it may have seen some new investors in the metal withdraw from silver forever. It is taking time to get over this setback but in recent days seems to be recovering its lustre - and there is one move apparently under way which could drive silver very rapidly to big new highs.
Pre-eminent silver bull, Eric Sprott, has told King World News that he will be selling a further 2 million shares in the Sprott Physical Silver Trust which will make available another $32 million which will be used to buy physical silver to that value. Sourcing the 800,000 ounces or so of physical metal may put a squeeze on the market if some silver analysts are correct, and this could cause the silver price to accelerate- and along with gold's spectacular surge could drive silver back to the $50 level and higher very quickly. Sprott himself affirms strongly that he believes the silver price should be over $100, although this would suggest a 16:1 gold:silver ratio which, if it comes, may still be a way away yet timewise. The current gold:silver ratio on this morning's prices with gold at $1860 and silver at $41.30 was 45 - if silver does indeed start to accelerate this may come back down to below the 40 level short term (which would put silver at above $46.50 at an $1860 gold price) and then, if Eric Sprott is correct in his basic assessment , the ratio would gradually move downwards, and the silver price move upwards faster than that of gold in percentage terms.
But, some gold analysts are predicting a sharp correction in the yellow metal which they feel would be a natural result of what some see as an over-rapid rise in the metal price. If this happens will silver stay put - as it did during the last shortlived correction in the gold price of a couple of weeks ago - or revert to its old pattern of turning down much faster than gold in a declining gold price situation?
Even if this is the case, the true silver bulls would just see this as a great buying opportunity in what they view as a long term upwards bull market in precious metals within which category they see silver as the potential star performer. But it could well be a bumpy ride.
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=133794&sn=Detail&pid=102055

[Serpo]

When asked about silver specifically Embry remarked, “Silver is absolutely explosive. The bullion bank with the large short position has thrown everything but the kitchen sink at the thing on the downside. You had those five margin hikes a couple of months ago as an example and that was all an attempt to hold back something that I don’t think can be held back. All it did was sort of buy two or three more months and now silver is building up power to roar through the $50 all-time high.



Once silver does that (breaks $50), who knows where it’s going to go? All I know is that gold is going a lot higher and the gold/silver ratio is going down and that means silver is going a lot further than gold. So I mean pick your prices, they are going to be dramatically higher for both of them.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/19_John_Embry_-_Silver_About_to_Roar_Through_%2450_All-Time_High.html

[Bigjon]

Ben Davies states $2100 gold in a couple weeks, whats that do for silver?

even at 40 to 1

$52

Could see Gold near $3000 by end of the year

Well I have been trading both gold and silver all along, made some and lost some. I thought we were in for our standard summer and sold my calls and bought puts (gold) only to watch gold climb, so sold puts (loss) and bought calls, booked profits and now have 2 1950 calls waiting for 2000.
I have 2 silver spreads on now and will add a couple of calls on any pullback.

[Bigjon]

i never thought i would see gold saling for the same price as Platinum .

Kinda makes a person want to buy some platinum calls, doesn't it?