BMO On A "New Paradigm For Silver"

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Mon, 04/04/2011 - 23:37 | 1135587 slow_roast
slow_roast's picture

Charisatan's hair is streaked with silver; coincidence?  I think not.

Tue, 04/05/2011 - 00:33 | 1135707 bankrupt JPM bu...
bankrupt JPM buy silver's picture

But but but, this guy just said, "Gold fetishists have fared much better - the metal has been hitting all-time highs - but one of their main reasons for owning it is that it’s the undollar. Once it becomes clear that quantitative easing is not killing the dollar, the true believers in gold may begin to have second thoughts. The fact that gold has underperformed many other commodities for several months suggests that it’s happening already."

 

Read it all here http://moneywatch.bnet.com/investing/blog/against-grain/why-quantitative...

 

Enjoy a good laugh.

 

silvergoldsilver.blogspot.com

Tue, 04/05/2011 - 01:05 | 1135758 NidStyles
NidStyles's picture

I think I just farted out braincells reading that. Do they actually believe the crap they are putting out, or is it just that they never check the fundamental's anymore?

Tue, 04/05/2011 - 09:59 | 1136515 Central Bankster
Central Bankster's picture

They call it a new paradigm... then I look at their forecasted metals prices through 2014 and I laugh.  It is the same with all the major firms predicting unrealistically low prices for all precious metals and base metals indefinately.  They say supply shortages and inflation on one hand, and then their forecasts show declining metals prices.  *head explode*

Tue, 04/05/2011 - 14:36 | 1138000 akak
akak's picture

Yes, they can envision a "new paradigm" for silver --- as long as it remains safely within every one of their OLD paradigms.

[/sarc]

Tue, 04/05/2011 - 19:21 | 1139037 outamyeffinway
outamyeffinway's picture

New paradigm same as the old. I hate when I send shit out ot a bunch of people before I read it and it ends up being shit!!

Tue, 04/05/2011 - 10:17 | 1136567 Central Bankster
Central Bankster's picture

double post

Tue, 04/05/2011 - 06:39 | 1135961 Hedge Jobs
Hedge Jobs's picture

sorry to jump in but this is relevant, worth watching and worth sending to others, fuck the FED criminals!

Ron Paul: People Need Currency Choices - Kitco News

 

http://www.youtube.com/watch?v=uMtilF_v1TI&feature=player_embedded

Mon, 04/04/2011 - 23:40 | 1135595 vast-dom
vast-dom's picture

Silver.......the new gold.

Mon, 04/04/2011 - 23:39 | 1135596 Spitzer
Spitzer's picture

This is the bank that got money from the Fed.

Mon, 04/04/2011 - 23:50 | 1135600 tekhneek
tekhneek's picture

Mind bottling, even. Is ANYONE here remotely surprised by this?

I've been saying for some time now the Gold/Silver ratio will be thrown on its head and WILL overshoot even THAT mean. (think 50:1 silver/gold ratio instead of gold/silver ratio. I'm not saying it will hit 50:1 and stay there, I'm just saying... think about the possibility.)

So we'll hit peak production circa 2012E... meanwhile demands growing and diverging from spply... Then the U.S. geological society predicts Silver (Ag) will be the first element exctinct from the periodic table by 2020 so... yeah...

Siver for 10+ more years for me, bitchez.

Tue, 04/05/2011 - 00:19 | 1135681 Ergo
Ergo's picture

My price target is $50-54 / oz.  Long futures 'till at least then. 

Action today was spectacular.  In a way, I hope Blythe does raid tomorrow, so I can get some more.  It's odd to be both happy and sad. 

Tue, 04/05/2011 - 07:22 | 1135992 AmazingLarry
AmazingLarry's picture

x50

One cannot get upset about the shortside rollercoaster, just sit back and enjoy the up and down and just know where you're going to end up on the long end of the ride.

Tue, 04/05/2011 - 00:24 | 1135688 DoChenRollingBearing
DoChenRollingBearing's picture

That (SGR of even 1) I doubt tekh-blythe, but I have enough silver to celebrate as well should your prediction come true.

I still like gold's price going way up when paper gold defaults.

I'm keeping both gold & silver!

Tue, 04/05/2011 - 15:16 | 1138179 RockyRacoon
RockyRacoon's picture

I'll post again here for those who may have missed it:

The Mint is back selling the 2010 silver quarter sets after taking them down from the website.  (Mint product: SV2)  The previous price was $32.99 as I recall.

The pricing is still very attractive for several reasons.  You all can figure out most of them, but for the tin-foil-hat crowd these are numismatic coins.   The possibility that they would become illegal to own is very slim to nonexistent.  

There is a tad  over 0.90 ounce of silver in the set (regular content of silver for pre-1965 coinage).   The Mint charges $4.95 for any purchase so that is all the charge for any size order. At $39.95 per set there isn't much downside.

I've got mine, so get what you want:

2010 United States Mint America the Beautiful Quarters Silver Proof Set

Tue, 04/05/2011 - 08:13 | 1136083 Chicken_Little
Chicken_Little's picture

Ted Butler's mentor Izzy Friedman said there'd be a point in the future when silver and gold would equal each other, 1:1. He also said to buy 2 big green monster boxes of silver eagles and put them underneath your bed and forget about them, and one of these days with the collapse in real estate you will be able to trade those 2 boxes for a condo in a Trump building. When TSHTF and most fiat curriencies have to be retired and the new ones tied to a gold/silver/oil standard, Izzy will be right. Physical Ag is already close to being extinct from the LBMA and COMEX warehouses. Get your 2 boxes ASAP. If you don't , you may be extinct element of the middle class.

 

 

Tue, 04/05/2011 - 09:37 | 1136411 mrgneiss
mrgneiss's picture

It appears big buyers of silver ARE leaving the COMEX.  March 2010 deliveries of silver were over 20Moz, yet March 2011 were less than 10Moz.  Has demand dropped by half over the last year?  I don't think so.........

Mon, 04/04/2011 - 23:43 | 1135601 Creed
Creed's picture

2011 avg hi $30

2012           $27

2015           $17

 

I better sell now

Mon, 04/04/2011 - 23:41 | 1135603 Stuck on Zero
Stuck on Zero's picture

I have an opportunity for you brave souls.  The control rods at the bottom of the Fukushima reactors are 85% silver and the rest cadmium and other metals.  That's tons of silver bitchez.  Go for it.

Mon, 04/04/2011 - 23:49 | 1135621 Scritchy
Scritchy's picture

Count me in. Ann Coulter says radiation is good for us, so I'll not only be rich but I'll live almost forever.

Tue, 04/05/2011 - 00:16 | 1135671 JLee2027
JLee2027's picture

Funny, but Coulter was poking fun at things. You guys should actually read the article she wrote ALL THE WAY THROUGH and not make these headline assumptions.

Tue, 04/05/2011 - 00:35 | 1135716 Scritchy
Scritchy's picture

Ok, no excuses, I like Ann and should have added a disclaimer that it was an attempt, albeit not entirely successful, at humor. I mean, I can actually see her making a joke along similar lines, just better than I did because I did the Tonight Show version.

Tue, 04/05/2011 - 01:56 | 1135814 rich_wicks
rich_wicks's picture

Why would anybody read Coulter, or Limbaugh, or Al Franken, or any of these stupid blowhards?  You don't learn shit from them, why would you waste any time listening to them?

The only salient difference between the 2 parities today is their rhetoric, they do the same goddamned thing so why are you listening to a cheerleader for any one of them?

Tue, 04/05/2011 - 07:01 | 1135974 BigJim
BigJim's picture

She was? I read the article, and my usually sensitive irony antennae didn't even twitch.

Maybe her particular brand of irony doesn't cross the pond very well.

Tue, 04/05/2011 - 00:19 | 1135679 OldPhart
OldPhart's picture

Radiation DOES preserve dead meat.  Microbes can't live in it.

Tue, 04/05/2011 - 00:27 | 1135694 akak
akak's picture

So does formaldehyde, but I'd rather not consume any of that either.

Tue, 04/05/2011 - 00:38 | 1135717 dark pools of soros
dark pools of soros's picture

she's a nuclear vampire

Mon, 04/04/2011 - 23:55 | 1135633 Selah
Selah's picture

 

Are you sure?

A quick Google has Ag in PWR's. Boron is in BWR's like Fuku.

But you've got a good idea! How many tons if you are right?

 

 

Mon, 04/04/2011 - 23:47 | 1135613 samsara
samsara's picture

You saying it might be different this time?

Mon, 04/04/2011 - 23:50 | 1135618 SparkyvonBellagio
SparkyvonBellagio's picture

LOL Silver is what silver always was.........NOTHING.

You can't eat it, drink it, or phuuuck it.

It's a worthless entity.

 

 

Mon, 04/04/2011 - 23:52 | 1135625 Bill DeBurgh
Bill DeBurgh's picture

I beg to differ. Nobel Peace Prize winners love to lob silver-laden cruise missles at tin-pot dictators.

Tue, 04/05/2011 - 01:23 | 1135784 CitizenPete
CitizenPete's picture

Didn't you hear?  They (Obomba and his new freind Kristol) are avenging the deaths of the Lockerbie victims (according to the "Ed Show").  

Tue, 04/05/2011 - 00:04 | 1135648 Selah
Selah's picture

 

SAE's are worth over $40 to APMEX:

APMEX Buy Price - $40.57


Tue, 04/05/2011 - 00:09 | 1135658 Ahmeexnal
Ahmeexnal's picture

Why would they have a buy price higher than spot? Because it's going to $50 in a matter of days!!

Tue, 04/05/2011 - 09:25 | 1136349 Imminent Crucible
Imminent Crucible's picture

"You can't eat it, drink it, or phuuuck it."

So Sparky, which metals do you eat, drink and fornicate with?

Anencephalic.

Tue, 04/05/2011 - 00:07 | 1135651 akak
akak's picture

Sparky, it was demeaning to have to even privately acknowledge your worthless post long enough to junk it.

But I will be happy to take as much "worthless" silver off your hands as you might have.

Hmmm, "Sparky" --- I seem to recall reading that that was Jon Nadler's nickname in grade school.

Tue, 04/05/2011 - 01:18 | 1135776 Al Gorerhythm
Al Gorerhythm's picture

Sparky, you're funny.

Tue, 04/05/2011 - 01:58 | 1135817 rich_wicks
rich_wicks's picture

LOL Silver is what silver always was.........NOTHING.

I spy, with my little eye, somebody that knows nothing about material science.  You might be able to argue it's over-valued (possibly) at this point, but useless metal?  That's just stupid.

Tue, 04/05/2011 - 09:20 | 1136338 Long-John-Silver
Long-John-Silver's picture

The computer you are using would not operate without the Silver it contains.

 

Tue, 04/05/2011 - 22:14 | 1139501 latcho
latcho's picture

at least I can pay somebody smart with it to punch you bigtime in the face

Mon, 04/04/2011 - 23:52 | 1135624 SparkyvonBellagio
SparkyvonBellagio's picture

You idiots can all say whatever, I owned it, held it, it's a worthless metal.

 

You fools think it's the next Grail. Keep chasing it.

Mon, 04/04/2011 - 23:56 | 1135640 Vint Slugs
Vint Slugs's picture

And no doubt sold it at a loss, eh Troll?

Tue, 04/05/2011 - 00:19 | 1135674 Quinvarius
Quinvarius's picture

It trades on FOREX.  It is money.

Tue, 04/05/2011 - 00:45 | 1135725 KTV Escort
KTV Escort's picture

here's some Sparky is a moron info for any silver noobs lurking this evening...

Silver is, in fact, the superman of metals

Silver has the highest electrical and thermal conductivity of all metals. Every computer, server, monitor, cell phone and switch must have silver. Lasers, satellites, solar panels, high-tech weaponry (tomahawk cruise missiles contain 500 oz) and robotics, all require silver. Digital technology and telecommunications need silver. There's silver in every TV, washing machine, wall switch and refrigerator. Conductors, switches, contacts and fuses use silver because it does not corrode or cause overheating and fires. Silver is used heavily in photography and in prints. Batteries are now manufactured with silver alloys. Lead-free silver solder is used heavily for joining materials and producing leak-tight joints. Silver is also widely used in silk-screened circuit paths, membrane switches, electrically heated automobile windows, and adhesives.

Silver achieves the most brilliant polish of any metal and has the highest reflectivity of light of all the metals, allowing it to be used in mirrors and in coatings for glass, cellophane or metals. Double layers of silver on glass reflects away 95% of the hot rays of the sun. Silver has a variety of uses in pharmaceuticals as silver kills bacteria. Hospitals use silver coated devices in surgery to eliminate contamination and infection. Skin care products now use colloidal silver as it has been found to be a healing agent and disinfectant. Silver sulfadiazine is the most powerful compound for burn treatment. Catheters impregnated with silver eliminate bacteria. Silver is increasingly being tapped for water purification, silver ions used in pools and spas. To prevent growth of germs and fungus on surfaces silver ions are used in paints and coatings.

In the face of all these industrial uses there will be less silver available, plus, the unique properties of silver restrict its substitution in most applications. More silver will be used than can be produced.

 SUPPLY SHORTAGE + STRONG DEMAND = RISING PRICE

Tue, 04/05/2011 - 00:58 | 1135742 Selah
Selah's picture

 

Is there anything Silver can't do?

Oh yeah, it can't be created out of thin air!

 

Tue, 04/05/2011 - 09:09 | 1136294 riphowardkatz
riphowardkatz's picture

I am starting to wonder. I use it for deodorant and it is awesome.

Tue, 04/05/2011 - 00:50 | 1135732 werealldoomed
werealldoomed's picture

Yea, man, you're right. "Totally useless":

  • Jewelery
  • Dentistry
  • Medical
  • Photography
  • Solar panels
  • Coinage
  • Mirrors
  • Water filtration
  • Optics
  • Printed Circuits
  • RFID
  • Silver-oxide batteries
  • Control rods for reactors
  • Catalyst for oxidation reactions
  • Solder
  • Anti-bactieral applications

 

Please, stop embarrassing yourself and go to bed.

Tue, 04/05/2011 - 01:21 | 1135779 CitizenPete
CitizenPete's picture

Is that it?

 

As Bugs Bunny says: "What a marooon". 

Tue, 04/05/2011 - 08:13 | 1136078 Chuck Walla
Chuck Walla's picture

Ruprecht! Is that you?

Mon, 04/04/2011 - 23:54 | 1135628 Vint Slugs
Vint Slugs's picture

Fundamental factors are always an important input in traditional commodities market price analyses.  Under less extreme circumstances than we are now facing, investors should pay attention to silver's supply/demand dynamics.  However, anyone with a shred of commonsense can see that silver is behaving more like its monetary senior, gold.  Both gold and silver markets are reverting to their true monetary basis and their price behavior is reflecting that reality.  For that reason, silver is heading toward its long-term 15 - 17 ratio with gold.  Industrial silver supply is going to be virtually non-existent before the current cycle is over, thus relegating its traditional supply/demand conditions to the scrap heap.

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