The Silver Bull: Despite This Week's Sell-Off, We See Higher Prices Ahead [View article]
Same here! Therefore, what the market may or may not do, really shouldn't matter to the serious long-term fundamentalist. Nothing has changed except for tomorrow's jobs report, which is going to be terrible. The debt is still there and growing, the printing presses are running 24-7, things have in no way improved. At least not the massive improvement needed to warrant such a drop in gold and silver. This has been pure intervention/manipulat... Business as usual on the Crime - ex!
$25. ? Possible, but not probable. My best guess? $27.50 to $30.50 Personal target? I pull the trigger at $31.50 and back up the truck. Could fall even more after that, but I don't care. I would have disposed of my paper fiat and carted away my physical, before the mad rush! As everybody and their dog attempts to get in at the bottom.
"Just smiled and waved, settin there on that sack of seeds!"
starkoski, Fully agree. Only this time, they have gone too far. The contagion they have let loose has infected the entire commodity complex. But, the TBTF's are safe, so who cares! Besides their massively, grotesquely large short positions are raking in huge profits! The damage to the remainder of the commodity complex? Big deal! The algos could care less about the fundamentals, they just sell, sell, sell.
Nope. Bought my physical on the cheap, cheap, way back when. No worries mate, never heard of silver going to zero! Now your paper products are another story!
Fall in love with your position and give it all back. The chief reason for [IMHO] the general pullback in the commodity sector began with the action of late, surrounding silver. Pure intervention/manipulat... Only this time it's gone too far! The contagion they have let loose has infected the entire commodity sector. In protecting the TBTF's with their grotesquely large short positions, from the beating they have been taking, all stops have been pulled out in order to crash the silver price. Mission accomplished. These same TBTF's short positions are now raking in massive profits. The damage to the remainder of the commodity sector? Who cares! Business as usual at the CRIME-EX!
The Silver Bull: Despite This Week's Sell-Off, We See Higher Prices Ahead [View article]
This has crossed my mind also. I have this 'sinking' feeling that this could now start feeding on itself. The trading algos could care less about the fundamentals. They will sell, sell, sell. As far as damage to the overall market - who cares! As long as the TBTF's have been saved from their grotesquely large short positions. Which I may add, are now reaping in absolutely huge profits! As the longs are bleeding from every orifice! Mission accomplished. Business as usual on the CRIME-EX!
Finally - a voice of reason! Surprising the number of bears that come out of the woodwork when theres a big correction! Like you, my physical was obtained super cheap. I have never heard of silver dropping to zero! Now, fiat is another thing all together. This is nothing more than an opportunity to back up the truck. Only question being at what price level do you wait for? IMHO 27.50 - 30.50 is the range. At 32.50 I pull the trigger.
The Silver Bull: Despite This Week's Sell-Off, We See Higher Prices Ahead [View article]
The fundamentals remain. In most cases have become worse. When you look at what is occuring beneath the surface at the COMEX, you find the big bullion banks up to their usual machinations. This is an opportunity not presented very often. An open window to back up the truck and load up on more physical.
Have the fundamentals significantly changed to warrant this deep pull back in silver price? No. If anything they have worsened. Then why this big a correction in price? When one really looks below the surface at the action in the COMEX, one finds the answer. More shenanigans! So, thank you Blythe! You and the masters of all they survey, for this opportunity to back the truck up one more time! Now to find some physical without paying outrageous premiums, or having huge wait times! A new record yesterday! The Rydex bull/bear sentiment shows an extreme in bullish sentiment never before seen! Historic. Gotta go get the truck. Good luck.
Seeking alpha (the process) may be lots of fun, but it isn't easy. For the 20-year period through 2010, equity investors earned an average 3.83%/year (and just 2.56% for asset-allocation fund investors) while the S&P turned in a 9.14%/year gain. Fixed-income investors fared even worse: 1.01% vs. 6.89% for Barclays' Aggregate Bond Index. [View news story]
Now take those meager returns and factor in inflation. Ouch! Better yet - compare those gains and the market priced in gold. Even worse! Talk about being behind the 'eight ball'!
Plebian - agree. This author uses the two ETFs GLD and SLV which trade at a ratio of 100:1 to the underlying physical. To quote any physical supply stat put out by either ETF will give you a skewed result. Having both ETFs in this past week change their so-called physical in large amounts from "registered" to "eligible" categories, smacks of preparation for physical demands that they are short of! As you point out, no mention of the massively grotesque short positions held by JPM and HSBC for the sole purpose of manipulating the market price!
Thank you. I had to learn the 'hard' way! lol, I bought gold in early 1980 when the price was just over $400, hung on too long and watched in horror as the bottom fell out! I vowed then to educate myself thoroughly, concerning PMs and the markets. Since that time its done me well, and that gold from 1980? Still have it! lmao. It'll go to the grand-kids!
Short term daily, weekly, intraday chart and price watching will cause you sleepless nights! Instead, I keep an eye on the fundamentals. How have they changed? Are they improving or worsening? 1/Sovereign debt 2/ Bond market rates 3/ Treasury auctions 4/ Village, town, city, county, state financials 5/ Exchange rates 6/ Market indexes VIX, ECRI, etc. 7/ Financials, especially the TBTFs and international counterparts 8/ Governmental spending/deficit 9/ Foreign markets/governmental direction
The above fundamentals have not improved to our favour. If anything they have slowly worsened. Both gold and silver valuations will continue to rise. Until there is a markedly large improvement in the fundamentals. Until then I keep accumulating on every dip.
John Williams: Hyperinflation and Double-Dip Recession Ahead [View article]
Then you must believe what the governmental numbers are? CPI, and the BLS stats? Along with what the Fed puts out? Are these the "truth" then? So shadowstats and John Williams are wrong?
I think the "truth" lays somewhere between the two. One only has to look around and talk to people, to know that things have not improved, but have slowly worsened. Over a hundred bucks to fill up the car now? Tell us what you believe when this becomes two hundred bucks!
The Silver Bull: Despite This Week's Sell-Off, We See Higher Prices Ahead [View article]
Business as usual on the Crime - ex!
Hold on to Those Silver Puts [View article]
My best guess? $27.50 to $30.50
Personal target? I pull the trigger at $31.50 and back up the truck. Could fall even more after that, but I don't care. I would have disposed of my paper fiat and carted away my physical, before the mad rush! As everybody and their dog attempts to get in at the bottom.
"Just smiled and waved, settin there on that sack of seeds!"
Get Ready for $30 Silver [View article]
Fully agree. Only this time, they have gone too far. The contagion they have let loose has infected the entire commodity complex. But, the TBTF's are safe, so who cares! Besides their massively, grotesquely large short positions are raking in huge profits! The damage to the remainder of the commodity complex? Big deal! The algos could care less about the fundamentals, they just sell, sell, sell.
Nice opportunity coming to back up the truck!
Why I'm Holding My Silver Shorts [View article]
No worries mate, never heard of silver going to zero! Now your paper products are another story!
Why I'm Holding My Silver Shorts [View article]
The chief reason for [IMHO] the general pullback in the commodity sector began with the action of late, surrounding silver.
Pure intervention/manipulat...
Only this time it's gone too far! The contagion they have let loose has infected the entire commodity sector. In protecting the TBTF's with their grotesquely large short positions, from the beating they have been taking, all stops have been pulled out in order to crash the silver price. Mission accomplished.
These same TBTF's short positions are now raking in massive profits. The damage to the remainder of the commodity sector? Who cares! Business as usual at the CRIME-EX!
The Silver Bull: Despite This Week's Sell-Off, We See Higher Prices Ahead [View article]
As far as damage to the overall market - who cares! As long as the TBTF's have been saved from their grotesquely large short positions. Which I may add, are now reaping in absolutely huge profits! As the longs are bleeding from every orifice! Mission accomplished. Business as usual on the CRIME-EX!
Silver: Why I'm Still Short [View article]
Surprising the number of bears that come out of the woodwork when theres a big correction! Like you, my physical was obtained super cheap. I have never heard of silver dropping to zero! Now, fiat is another thing all together.
This is nothing more than an opportunity to back up the truck. Only question being at what price level do you wait for? IMHO 27.50 - 30.50 is the range. At 32.50 I pull the trigger.
The Silver Bull: Despite This Week's Sell-Off, We See Higher Prices Ahead [View article]
When you look at what is occuring beneath the surface at the COMEX, you find the big bullion banks up to their usual machinations.
This is an opportunity not presented very often. An open window to back up the truck and load up on more physical.
Silver: Why I'm Still Short [View article]
So, thank you Blythe! You and the masters of all they survey, for this opportunity to back the truck up one more time! Now to find some physical without paying outrageous premiums, or having huge wait times!
A new record yesterday! The Rydex bull/bear sentiment shows an extreme in bullish sentiment never before seen! Historic.
Gotta go get the truck. Good luck.
Seeking alpha (the process) may be lots of fun, but it isn't easy. For the 20-year period through 2010, equity investors earned an average 3.83%/year (and just 2.56% for asset-allocation fund investors) while the S&P turned in a 9.14%/year gain. Fixed-income investors fared even worse: 1.01% vs. 6.89% for Barclays' Aggregate Bond Index. [View news story]
Better yet - compare those gains and the market priced in gold.
Even worse! Talk about being behind the 'eight ball'!
Silver Demand Theory Debunked [View article]
This author uses the two ETFs GLD and SLV which trade at a ratio of 100:1 to the underlying physical. To quote any physical supply stat put out by either ETF will give you a skewed result.
Having both ETFs in this past week change their so-called physical in large amounts from "registered" to "eligible" categories, smacks of preparation for physical demands that they are short of!
As you point out, no mention of the massively grotesque short positions held by JPM and HSBC for the sole purpose of manipulating the market price!
Still Time to Buy Dips in Silver [View article]
Still Time to Buy Dips in Silver [View article]
Instead, I keep an eye on the fundamentals. How have they changed? Are they improving or worsening?
1/Sovereign debt
2/ Bond market rates
3/ Treasury auctions
4/ Village, town, city, county, state financials
5/ Exchange rates
6/ Market indexes VIX, ECRI, etc.
7/ Financials, especially the TBTFs and international counterparts
8/ Governmental spending/deficit
9/ Foreign markets/governmental direction
The above fundamentals have not improved to our favour. If anything they have slowly worsened. Both gold and silver valuations will continue to rise. Until there is a markedly large improvement in the fundamentals. Until then I keep accumulating on every dip.
John Williams: Hyperinflation and Double-Dip Recession Ahead [View article]
CPI, and the BLS stats? Along with what the Fed puts out? Are these the "truth" then?
So shadowstats and John Williams are wrong?
I think the "truth" lays somewhere between the two. One only has to look around and talk to people, to know that things have not improved, but have slowly worsened. Over a hundred bucks to fill up the car now? Tell us what you believe when this becomes two hundred bucks!
Let's Put to Rest the 'America Is Bankrupt' Myth [View article]
No myth - Fact!