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  • Sprott Money: The Price of Silver Could Explode [View article]
    Agreed DallasMan and PEhrlich. Silverseek even went so far as to post this piece recently as fair warning to those that will give it fair consideration:

    news.silverseek.com/Ze...

    It supports the statement that silver is as overbought as at anytime in the last decade.

    This is a quote from the referenced article:

    " It is one of the most-volatile and risky commodities in existence. Yes it can rally very fast, which is a lot of fun. But after its mightiest uplegs it literally plummets and eviscerates the gullible who bought in near the latest topping."

    If you have no interest in an alternative opinion, thumb me down and we'll move on.
    Mar 13, 2011. 04:02 PM | 7 Likes Like |Link to Comment
  • The Real Reason for Silver's Run [View article]
    Your rebuttal has been duly noted.
    Mar 6, 2011. 11:26 AM | 2 Likes Like |Link to Comment
  • The Real Reason for Silver's Run [View article]
    Long is correct, Buffet made a killing on silver in the 90's. The story goes that the Fed's told him to back off or there would be hell to pay.
    Mar 6, 2011. 10:24 AM | 7 Likes Like |Link to Comment
  • The Real Reason for Silver's Run [View article]
    I make the same comparison to real estate.
    In my very average home town average houses sold for about $12K in 1960. Now that real estate has settled those same houses are selling for around $140K. Making the comparison to silver, under $20/oz was a screaming deal and I loaded up on it. $20 to $30/oz, yea OK not such a can't miss inflation hedge but over time still reasonable.

    Another simple comparison, 3 silver dimes bought a gallon of gas when silver was money, now those same 3 dimes are worth $7.50. I like this one the best as oil is used up in it's useage, much like silver industrially, and the rest of the world wants it too, unlike the average post WWII home in middle America. I'd give this the greatest consideration if you're on the fence.

    Other red flags, the mint can't produce ASE's fast enough, silver IS getting front page attention, just look at the number of posts on this article, etc. The greater fool the other comment mentioned will be along shortly.
    Mar 6, 2011. 09:27 AM | 5 Likes Like |Link to Comment
  • The Real Reason for Silver's Run [View article]
    $2,250? Seriously? In what millennium would that be? A totally pump piece from an overpriced dealer's web site. The kind of thing that tells me this is going to end badly for too many people.
    Mar 6, 2011. 12:50 AM | 4 Likes Like |Link to Comment
  • The Real Reason for Silver's Run [View article]
    Question for the many metals buffs on this blog;
    Who owns or provides financial backing for King World News? A Google search reveals very little or nothing.
    Mar 5, 2011. 09:03 PM | 1 Like Like |Link to Comment
  • The Real Reason for Silver's Run [View article]
    TekLentine (and Jeffrey), I was going to say the same thing - he did nail it with this one. Investment demand is in the drivers seat right now. As for the JPM and Andrew McGuire story, it's a year old or better and nothing much happened for at least 6 months. Then silver does a double and they look for "the story" behind it.

    I just don't like this market at all. I was getting rolls of ASE's for the low $300's, now they are breaking $800 on FeeBay.

    I have grave concerns for the dollar as the world's reserve currency, but I have to ask myself; Self I bought my things when no one was much interested in them, and now I could double my money when everyone is clamoring for them. Should I sell some of my things, especially considering my things are not insurable?

    Another question I often ask myself, if these things are all used up and in such short supply, how come I was able to buy so much of them? Substitute "things" for your item of choice.
    Mar 5, 2011. 09:05 AM | 3 Likes Like |Link to Comment
  • Goldbugs on Parade [View article]
    Not to mention hydrogen goes boom! Not where I want my money.
    Mar 4, 2011. 01:46 PM | 3 Likes Like |Link to Comment
  • The Implications of The U.S. Dollar Testing Lows While Precious Metals Soar to New Highs [View article]
    Silver at $35 is not a joke at all, it's trying to tell some leaders in Washington they better get their collective act together, but it may be too late for that. Just looking at our friends at CNBC the talk is the dollar today. They say you can't see a bubble when your in one, but can you see the collapse of your currency any better? Of course that can't see a bubble when your in one is a bunch of BS. The question is which is it?
    Mar 4, 2011. 01:39 PM | 5 Likes Like |Link to Comment
  • Anticipating a Decline in Crude Prices: Shorting Oil, Silver ETFs Should Be Profitable [View article]
    Steven, Thanks for the reply. I have to admit the markets of the last decade have caused me to have a short term perspective. I am involved in production and resource extraction industries and am witnessing first hand the scramble to ramp up production in the current environment. It happened in Nat Gas, resulting in pipeline constraints due to over production, new homes,... well we know the drill. I am in fact selling into this silver market as I don't know what the future holds and don't want my wife to say "I told you so", since she said "sell" this morning when silver posted $35 (I already was). I hope you don't find my comments to be a personal attack. Good luck to you and your followers.
    Mar 4, 2011. 11:46 AM | Likes Like |Link to Comment
  • Anticipating a Decline in Crude Prices: Shorting Oil, Silver ETFs Should Be Profitable [View article]
    Way to early on the position posed by the author as shown by the oil and silver prices this Friday. Wait for $4 plus gas prices to pull the rug out from "the recovery" and silver and oil might turn south with another round of economic anemia. Investor interest in silver also has to turn negative for that to happen, but with the habit of chasing returns that isn't likely right now either. The author will be able to say I told you so some day, but there appears to be some long days ahead for the short money on this trade.
    Mar 4, 2011. 10:08 AM | Likes Like |Link to Comment
  • Drivers Influencing Precious Metal Prices [View article]
    Signed up as a follower and hope to see more in the future. The comment above stating "Lastly, silver is also a favorite plaything of speculators in the futures markets, as its higher volatility promises quicker profits for those willing to stomach the comparatively higher risk investing in silver entails." sums it up nicely.
    Mar 4, 2011. 05:59 AM | Likes Like |Link to Comment
  • The Implications of The U.S. Dollar Testing Lows While Precious Metals Soar to New Highs [View article]
    With wholesale gas at just over $3 and the price yet to work it's way onto the reader boards that would put retail at right around $3.75 in my high taxed state. Bernanke must be to the point of night sweats hoping DallasMan is right on a dollar recovery soon to put the brakes on that. Nothing like $4 gas to take the wind out of "the recovery".

    Credit must be given to CNBC for actually airing these interviews this week - www.cnbc.com/id/41889870 , which included the quote:

    "Zell said his “biggest single financial concern” was the prospect of the dollar losing its reserve-currency status. I can’t imagine anything being more disastrous to our country,” he said.

    While they play chicken in D. C. the rest of us are waiting for the train wreck.

    Good summary, Jeb!
    Mar 4, 2011. 05:50 AM | 11 Likes Like |Link to Comment
  • Waiting for a Correction in Silver: Approach With Caution [View article]
    No "Hurry up and buy before it's too late", or "The banksters are going to get their due now" hype, but some sound investing perspective as always, and always appreciated.
    Mar 2, 2011. 09:59 AM | 3 Likes Like |Link to Comment
  • Silver in a Clear Uptrend [View article]
    From Wikipedia on "American Silver Eagle", the following text provides a link to the language of the Bill sponsored by Harry Reid:

    On June 6, 2002, Senator Harry Reid (D-Nevada) introduced bill S. 2594, "Support of American Eagle Silver Bullion Program Act," "to authorize the Secretary of the Treasury to purchase silver on the open market when the silver stockpile is depleted." The bill was passed by the Senate on June 21 and by the House on June 27 and signed into law (Pub.L. 107-201, 116 Stat. 736) by President Bush on July 23, 2002.[19]

    From that information it doesn't appear that silver must be domestic stock.
    Feb 28, 2011. 11:20 PM | 1 Like Like |Link to Comment
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