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How to surf the silver wave: Maybe it's time to take some profits, and wait and see, James...

How to surf the silver wave: Maybe it's time to take some profits, and wait and see, James Stewart says. He's big on inflation hedges, but you might want to take this chance to rebalance. Meanwhile, Jim Rogers gets into the Grantham camp and is bearish on silver short-term, but still bullish on (peaked) oil.
Comments (38)
  • Time to take profits?


    After a 30% decline this week?


    Perhaps it was time a week ago.


    Long term, this is likely a buying opportunity.
    7 May 2011, 08:52 AM Reply Like
  • Agreed. If you were going to take profits, a week ago was the time to do it. To do it now would be the exact same mentality that would say 'silver is a good momentum trade' one week ago.
    7 May 2011, 05:09 PM Reply Like
  • At least 13 lousy, thumbs down traders here, that have missed out on more than a $50 per share in AGQ in only the last couple days.
    10 May 2011, 02:10 PM Reply Like
  • Thumbs up.
    10 May 2011, 04:37 PM Reply Like
  • Sounds like someone is short silver
    7 May 2011, 09:16 AM Reply Like
  • LOL. These people are such jokes and you guys scrabble around the ground trying to peck at the chickenfeed they don't want while they get access to the best trades, research and contracts.


    I love how Jim Rogers is suddenly bearish on commodities while he was pumping them before. Gotta love the pump and dump only to repump the inflationistas down the road. But hey, still bullish on oil, wonder how much he made on the spike that just fcked a huge portion of America while the speculators made out like bandits.


    But hey, he's such a libertopian that he picked up stakes and moved to Asia to help them manipulate their currencies to further screw America. What a great American, we should all be so proud of him.
    7 May 2011, 10:02 AM Reply Like
  • pier0188...your very perceptive. It was just days ago that Jim Rogers was telling us silver was going to go through the roof.
    8 May 2011, 12:47 AM Reply Like
  • They do this to froth up people, like the ones on here. You've seen the plethora of articles on here. They are the Lawrence Yun, David Lareah, Henry Blodgett of the era. They utterly subscribe to the "trend is your friend" stupidity, thinking the same as the rating agencies did, physical metals cannot lose just as RE cannot go down.


    The real stupid part of this is that they think the world's going to end or the dollar will get "destroyed" or prattle on about it being "worthless", all the while posting such insanity as "purchasing power" over 100 years, only to ignore PPP and long-term real wages.


    Such ignorance is astounding on one hand but hardly surprising on another. People have some perverse desire to see the end of a society they don't 100% agree with. All political spectrums see it their own way.


    In one way they are akin to the religious fanatics. All of them claim that the way to salvation is their way. The way to heaven is their religion. Everybody else's believers are going to hell.


    Thus, every single person on this planet is going to hell just as every single person is going to be ruined, all because everybody doesn't 100% subscribe to the same belief system.


    This perverse war within humanity will never end, but luckily it occurs on the fringe of the bell curve.


    What's sad is that the people in the middle of the bell curve, of whom I am sure are composed of the Bill Gross and Jim Rogers, who do nothing but pump and dump the extremists. They do it for the laughs or for the profit, probably not because they actually believe it.


    Of course, maybe they do, maybe they are the 5% that the other 95% should despise, but we don't.


    You see such extremism on here constantly, it's all rather disgusting.
    8 May 2011, 03:35 PM Reply Like
  • yes. you should all buy, buy, buy


    after all the fundamental story is still there
    - hyperinflation is imminent
    - the collapse of the USD is an any day event noe
    - the US is sure to default
    - etc. etc. etc.


    with all of that the intrinsic value has to be something higher than $35 - just has to be - right?


    buy, buy, buy


    Rogers is a survivalist nut job masquerading as an investment guru
    Grantham should know better


    peak oil my ass - the amount of oil for our purposes - is infinite - same goes for the all the other commodities. If that is your investment thesis - I feel sorry for your heirs.


    7 May 2011, 10:10 AM Reply Like
  • With your advanced economic degree, I am sure you can enlighten all of us about how the idea of currency debasement raises all boats, creates wealth, and makes the value of everything higher. Given that concept, it's probably best that we just wait around for infinitum to occur and then we'll all be millionaires without having to risk so much as a $ on any investment.
    9 May 2011, 12:35 AM Reply Like
  • Yeah, I sold my SLV and DBS this week. And yeah, I watched it decline a good 20% before my stops came in to play, but when you are up 200% you can do that. I will kept my 'more physical' holdings in CEF.
    I still am optimistic about silver, and I will likely put money back into 'paper' silver' using something besides SLV. I am all ears for suggestions....
    7 May 2011, 11:42 AM Reply Like
  • yep, I sold AGQ and bought ZSL, now I'm out of ZSL and back into AGQ. May not go as high as it did but what has changed. I'm not listening to the 'pundits' who want to sway the public. I think silver will move up, not as fast but it's still a good bet in my opinion
    7 May 2011, 12:06 PM Reply Like
  • I bought AGQ on a limit buy yesterday @$200.00. (5/10) when it was at $217.00. Well, as we can see today it went south from there. No option here but to hold. Any suggestiosn?
    11 May 2011, 09:36 PM Reply Like
  • I bought physical this week after Fridays close at $35.80 ..The dealers at the Coinshow are shell shocked and are letting 90% Silver coins go at a 10% or so discount. I'm taking that bet .It puts me in PHYSICAL Silver at less than $32 an Oz. Why Not?
    7 May 2011, 01:41 PM Reply Like
  • They must be pretty dumb to hand over silver coins at a 10% discount to spot.
    7 May 2011, 05:01 PM Reply Like
  • Yes ,but I said Dealers ,it's not Dealers ,it's individuals pretending they were dealers by setting up with tables next to dealers. I felt the need to clarify that.
    7 May 2011, 09:28 PM Reply Like
  • I bought Franklin and Walking liberty Halves for 411.50 ea. .That's 23 Times face . Melt is 35.8 X .72 = about 25.8 Times face .just at 10 % + Discount on some nice coins.
    7 May 2011, 09:38 PM Reply Like
  • CK
    If they have a table, sorry to tell you they are a dealer...If i sold you ONE coin i am a dealer,,If not then what defines a dealer???If they needed money, had a bad day, and you bought at a good price good for you.


    As far as i am concerned too many DEALERS would bend you over whenever they can!!!! That is the truth.


    7 May 2011, 10:42 PM Reply Like
  • I own a BRICK & MORTAR shop .I have paid the price to be a DEALER.A weekender once amonth at a local coinshow does not a DEALER make. I didn't get "Bentover" What are you trying to say?
    8 May 2011, 02:55 PM Reply Like
  • Better to stick to your first line of work if that first line confused you,Tell me what did you sell/// AN ASE MAYBE;;


    9 May 2011, 04:19 AM Reply Like
  • Or just being typical for someone that doesn't do Precious metals enough to be comfortable with a price drop like we just experienced . Hevelius ,that's why I said they aren't really dealers.As a matter of fact ,the guy I bought the Silver halves from for 11.50 ea. told me he just bought a table to get rid of all the coins he had bought recently so he wouldn't lose money. He pretty much decided being a dealer was not for him.But I suppose ACE feels like his semantic argument gives him status on the matter. LOL
    9 May 2011, 07:17 AM Reply Like
  • Originally I said Dealers ,it was not Dealers ,it was individuals (by their own terminology) setting up with tables next to dealers. Semantics don't really work on this ,it is what it is. If a guy tells m,e he's NOT a dealer ,who am I to argue :)
    9 May 2011, 07:20 AM Reply Like
  • FOR $11.5 Each.
    10 May 2011, 06:26 PM Reply Like
  • Guy has no clue what he bought!!!! A weekend warrior!!!


    10 May 2011, 07:45 PM Reply Like
  • I suppose ACE didn't see my typo for the obvious mistake that it was . When I typed 411.50 IT should have been a DOLLAR sign like this :
    for $ 11.50


    But if that sets him off like it apparently has then I hope he never has to deal with a real situation LOL
    12 May 2011, 11:15 AM Reply Like
  • B& M means a Dealer that has a retail location there Nimrod LOL
    12 May 2011, 11:17 AM Reply Like
  • I was getting worried that silver had come too far too fast. Silver is famous for big moves. If you cant stand the heat stay out of the kitchen. Where will the dollar be 20 years from now? Silver in the $30's will be a legend.
    7 May 2011, 06:06 PM Reply Like
  • with so much worrying going on about silver. 5 margins within a short period of time smells real fishy to me, In fact i think i will keep that smell around my house a while.


    Something is gonna burst and i really don't believe it will be silver anymore, Go try and find it to buy it, pretty hard unless you want to wait three months.


    Sorry but that is a long time for someone to hold my money...I WILL FIND SOMEONE WHO NEEDS TO GET OUT


    7 May 2011, 08:48 PM Reply Like
  • Yes. They'll keep hyping the selling angle so they can send it down still further. Then they'll run it right back up. It all means bigger profits for the computerized trading folks.
    7 May 2011, 10:50 PM Reply Like
  • Yup


    Silver will go down as one of the best investments ever. Just realize what we are dealing with now is just a sec in history...KEEP BUYING PHYSICAL ON THE DIPS and put these bastaeds inti a dark corner. I just hope they run out of bullets and ides as i know they are smater than me. But i can wait them out and if we all own silver and not paper ETF'S they are done !!!




    7 May 2011, 10:57 PM Reply Like
  • Wow 5 people voted for you as an idiot ! :)
    10 May 2011, 06:20 PM Reply Like
  • In which part of his interview Rogers says that he is bearish for silver? He just said that this correction is normal and should have happened, he is not buying or selling anything at the moment and he expects prices of metals to go very very high in the next few years and hopes he is smart enough to sell.


    But of course, i forgot, such a title will bring in more clicks and visits and make people believe " wow rogers changed his views now ".
    7 May 2011, 11:32 PM Reply Like
  • WEB


    Nice pickup,,,,,glad someone else read what i read..


    8 May 2011, 12:08 AM Reply Like
  • Interesting how the recent spike in price is bringing a tremendous amount of silver back onto the market - showing up everywhere from the coin shop to the eBay auction.


    Speaking of eBay, I see that the new auction listings are now bringing out the sales of the 100 ounce JM and Engelhard bricks - in quantity. A lot of the REALLY old 10 ounce A-Mark and Engelhard silver (from the 1980's) is now being pushed back on the market as well.


    Why, I would have thought that - with all of this touted industrial demand - those would have been melted long ago.


    But I guess not. :)
    8 May 2011, 03:18 AM Reply Like
  • Nope, mine ain't getting melted until i get premiun on them


    9 May 2011, 04:23 AM Reply Like
  • PREMIUm? Correct spelling.You mean like a $2 per coin profit? How's that KY jelly tasting suckbut?
    10 May 2011, 06:22 PM Reply Like
  • I know history is not a perfect indicator - but one might want to look at Gold & Silver in the late 70's and early 80's. The drop in Silver was the prelude to the drop in Gold.
    8 May 2011, 01:40 PM Reply Like
  • Mike, we were not printing $2T a year in fake money in the 1970's and 1980's. We didn't even crack $300 billion in spending until 1975, and we probably didn't average $40 billion a year in deficits for the whole decade.
    9 May 2011, 12:44 AM Reply Like
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