Bill Murphy "$100 silver very very soon"

[1970 silver art]

I'll bite. What's so magic about 2015? Some cycle work you've done?

I guess I missed that memo.

Hope you care to elaborate. I might learn something.

2015 was just a year that I picked out of thin air. There is nothing significant or "magical" about 2015 except to establish a "cut-off date" for my recent gut feeling prediction on silver. So really this recent gut feeling prediction started from August 26, 2012 (The date when I first started a thread about it on GIM2) and will end on December 31, 2014. I do not see silver hitting and holding $50 between now and December 31, 2014 for the reasons that I mentioned in my earlier post on this thread. I feel that I will be right on this but we will see. I hope that this answers your question.

[Twisted Titan]

Very good point, and interesting perspective, I haven't thought about that before, but I suspect you are right, re the critical mass building to create the tide...

How can the CFTC stop 1 billion Chinese from taking delivery of physical silver?

Do you remember the explosion in the Chinese stock markets.....I recall them Trippling the stamp.tax. and investors absorbed those costs. Like nothing

It was only after major across the board market haircuts did it finally cool.

Now compound that frenzy of people moving in tangible and paper silver and that is just one nightmare scenario using one nation that can't be invaded

Picture Greece. Italy. Ireland. Jumping on board to protect. Their purchasing power.

Interesting times lay ahead for all

[Uncle Salty]

COMEX can (and will) change the rules to protect themselves from this and JPM will continue to naked short silver and they have a lot of paper to naked short it with. I see this happening.

The only rule change that saves them is to go to a cash only exchange because they have no silver to sell, in which case, the price of physical silver soars and paper silver collapses. There is no rule to prevent the price from skyrocketing when there is no silver left in the COMEX warehouses.

[Libertarian_Guard]

The only rule change that saves them is to go to a cash only exchange because they have no silver to sell, in which case, the price of physical silver soars and paper silver collapses. There is no rule to prevent the price from skyrocketing when there is no silver left in the COMEX warehouses.

It might seem that way, but so long as fiat currency can be printed up (think forever). The average fool will sell silver for one dollar more than the paper napkin price he bought it for.

[Neuro]

How can the CFTC stop 1 billion Chinese from taking delivery of physical silver?

Do you remember the explosion in the Chinese stock markets.....I recall them Trippling the stamp.tax. and investors absorbed those costs. Like nothing

It was only after major across the board market haircuts did it finally cool.

Now compound that frenzy of people moving in tangible and paper silver and that is just one nightmare scenario using one nation that can't be invaded

Picture Greece. Italy. Ireland. Jumping on board to protect. Their purchasing power.

Interesting times lay ahead for all

True stopping the Hunt brothers was a walk in the park for the manipulators! Millions of people who want to protect their hard earned savings, not so much. If they try that, they will loose their monopoly on price discovery, meaning that those with Silver and who wants silver will not turn one eye to the COMEX price, to determine how much Silver is worth...

[mamboni]

Gut feelings are like assholes: everyone has one.

The silver fundamentals longterm are fantastic. $50 silver is obviously the big kahuna of silver price resistance because there is no resistance at all technically speaking above it. Before 2016 abd probably a lot sooner, silver will blow through $50 the same way gold blew through $800 on it's way to $150. When all the sheeple start suddenly lecturing you about the great silver investment opportunity, that's the time to convert some silver to farm land and equipement mates!

[Uncle Salty]

True stopping the Hunt brothers was a walk in the park for the manipulators! Millions of people who want to protect their hard earned savings, not so much. If they try that, they will loose their monopoly on price discovery, meaning that those with Silver and who wants silver will not turn one eye to the COMEX price, to determine how much Silver is worth...

Exactly. The internet has created a market place for silver that bypasses the COMEX. There is too much information out there now. Back in the Hunt days, no one knew what the fuck was happening. Today, you can hide little.

[Buddha]

I've been hearing about $100 silver for years now, its all the same talk. Now I'm not saying that it won't make it, I like the fundamentals and blah blah blah, we all know why we have it. Which is to be taken out on float trips and such.

[joboo]

Why do I keep seeing "once it hits 50, it's going to soar"?

What is the reasoning behind it?

[Uncle Salty]

Why do I keep seeing "once it hits 50, it's going to soar"?

What is the reasoning behind it?

There is no technical resistance to anything above that price.