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Silver Passes $28
Some time ago, we wrote that the best outcome for the US population would be to eliminate the Fed...but the best outcome for holders of gold and silver would be to preserve the current ruinous Fed policies in perpetuity. Tonight, all silver longs wish to extend Ben Bernanke their sincerest thanks, as the silver metal passes yet another historical milestone. In the meantime, Asian traders are squeezing the last few remaining margin pennies out of Blythe Masters, whose remaining monthly tenure at JPM can be counted on one hand.
And a long-term chart. See if you can spot when Bernanke's Wood Hole (sic) speech was.
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I knew you could do it, Ben!
Keep up the great work!
Your the greatestest Benron!
+1oz/$28 Ag!
Total deliveries of Ag in London is 12 kilotons /year
so total annual physical silver trade =12 billion dollars in 2009
currency market daily turnover is 4-5 trillion dollars
Party has just started folks!
" Gld and SLV were designed to absorb demand " !
Yet the entities are mostly full of paper and not physcial. The real game will start when the idiots that own this junk scramble to switch into either physical or well run precious metal funds such as Central Fund and Sprott.
This will likely happen in silver first . Above ground physical Silver in particular is basically gone and tightly held . All that is left is producers production supply that is feeding into the refineries. However there is now a 6-12 month wait from refiners, minimum . Only long time prime buyers who have relationships with the producers and the refiners get first kick at that silver. When you see premiums on Sprotts PSLV and Central Fund's " Silver Bullion Trust " growing to over 10% you can be sure the big buyers of those funds already know that the shortage situation is getting worse.
Anytime you can grab these funds at a few percentage points of premium, jump at the chance. It will become a rarer and rarer event. Best time to grab it is when one of these funds does an overnight issue.
Totally bitchen bitchez ;-)
IS IT TIME TO SHORT SLV?
Or is it possible that they have more tricks up their sleeve? If SLV goes down, silver hits $100 within 2 months. Jim Willie claims the ME sheiks made a raid on HSBC and LBMA last summer for gold; let's hope they do the same for silver.
I'm not inclined to short silver - ever. I leave that to the pros at JPM. Buying puts to protect a long position might make some sense here however.
Honestly though, I'd love a nice, big price drop, so I can buy more.
You know, it's kind of funny, but there doesn't seem to be a pundit on earth with the stones to call this a bubble. I don't remember a situation like this before.
Plenty of cowards will appear on the next price correction, saying "I told you it was a bubble". Ignore them.
To the moon Alice!
I've been doing a lot of digging into the background on this commodity. There's a lot of hoopla on it at the moment but long term this is going to astronomic levels. I can see no reason why we shouldn't expect to see $10,000 / oz. When you look at that kind of multiple - there is literally nothing else that I can find out there that holds this potential.
As to whether this is a bubble or not - NO - it's characteristic of perceived and actual supply shortages. You are going to see bubble characteristics short term. I won't expound on that further, you need to study it yourself. But be in no doubt that this is both a short term and longer term winner.
Simply continue to accumulate at whatever price and dollar cost average going forward.
I told you it was a bubble
Yep - keep on blowing.
See Keiser Report #93
#93
http://www.youtube.com/watch?v=rpkQiGvWChY
Great research Rusty. +1(toz)
Yes you did, Jon, but that was at $10/ozt.
Why even bother shorting the SLV? Just buy the real things: gold and silver!
A little platinum would not hurt either.
I, for one, am extremely curious to see if all of these machinations by various .gov/Fed/banksters leads to the disaster Jim Willie so lavishly puts out most weeks.
I have read JW for about 3 years now, how high is his credibility?
many have been correct but timing was off. I too read JW, and Harvey organ, and more. It all paid off, as the ignorance i carried was an unknown weight.
I wonder how much i carry still. Some of you should wonder too.
EOTWAWKI
and I feel fine
DoChenRollingBearing
Apparently there is store of value in Uranium stocks as well . Have done well with one on the list .
Yeah, but the storage costs of the physical are a killer.
Jim Willie is one of the dozen or so that I have been reading regularly since 2002. "Kooks" as the mainstream likes to call them. By frigging God, what they all wrote about 9 years ago when I started reading seriously about our future, has fucking come to pass. I bought silver bars and rounds in 2002-2003 after reading these guys. Quality stuff, all Engelhard or Johnson/Matthey, numbered bars. Bought every last bit of it on Ebay. Back then, nobody wanted the stuff and you could buy on Ebay for under spot price. My cost basis is under $4.00 per oz. I turned to gold when I realized I was gonna need a mule to carry my silver.
I think I spy my ship way out there, heading in.
Jim Willie is one of the dozen or so that I have been reading regularly since 2002. "Kooks" as the mainstream likes to call them. By frigging God, what they all wrote about 9 years ago when I started reading seriously about our future, has fucking come to pass. I bought silver bars and rounds in 2002-2003 after reading these guys. Quality stuff, all Engelhard or Johnson/Matthey, numbered bars. Bought every last bit of it on Ebay. Back then, nobody wanted the stuff and you could buy on Ebay for under spot price. My cost basis is under $4.00 per oz. I turned to gold when I realized I was gonna need a mule to carry my silver.
I think I spy my ship way out there, heading in.
$33.5/oz marks the upper limit of a very long period channel. Fib retrace from 2008 low to channel top indicates a possible recoil to $21/oz @ 50% fib.
My portfolio is highly diversified in that I hold 100% silver, 95% physical and 5% paper. With an 8-10yr investment horizon I will not consider selling any physical but am more than happy to trade the paper, so I will be shorting at $33.50
I just don't understand the worth of TA with PMs. With all of the manipulation, the effects of the paper products, the currency war talk... how could any TA possibly factor all of that in?
Well the channel is there with known manipulation, so play it as you see it. If the manipulation is ended then it'll leap higher and out of the channel. If intact these boundary lines should signal an area of resistance.
I'm actually of the opinion that the silver express has left the station. So my expectation is that whatever (if anything) happens at 33.50, it will be short lived.
Awareness is spreading. The message is clear and the physical market very vulnerable to being overwhelmed. This much vaunted commercial signal failure could be here sooner than you might expect.
Chap: "$33.5/oz...."
That's about right -- what I'm showing on my near-term charts.
The metal's *alpha* is extraordinary. It is a juggernaut, a bullet train -- an enthralling ride if you're with it, but a quick death if you're seeing the cow catcher. I quit even thinking about shorting this stuff in September. As if in a mantra, I've tried to reprogram:
"Don't short, buy. Don't short, buy...."
All Hail the King!
Just don't be the last one to get out of this gold and silver ponzi!
You're a comedian. Try the Catskills circuit.
its cranking right now... i bought more last week and it is earning gains while being shipped!
Blythe Masters sends her regards and says all is well.
Blythe is a cheeky little bastard.
tell em beanieville, warn them about the ponzi, it's for their own good. I've been warning about the gold ponzi since it was 300 an ounce, but they don't listen to me you know
Oh, I don't know. I wouldn't really mind being the only person holding physical silver and gold...
50 bucks before the end of the year!!!!!
Thar she blows!
Blackhawk Ben sure "stimulated" it like a pro.......
All hail mighty Benking.. 15% gain in portfolio since Nov 2. Lets go for 30% by Nov 11th
If you own physical, sit tight. If you are long paper gold/silver watch for one last smack down attempt.
Or just buy more physical Au, Ag and/or Pt as cash flow warrants.
Every time I see your replies, Oracle, I think of owning rural land there in Peru (Ceja de Selva is where yours is, no?).
foul, dude
even if you do know something, don't out her like that
I have outed nothing about Oracle, all info about Oracle is in ZH posts.
Oracle is a fine & thoughtful observer about what is happening and has a Peru connection, as do I, who is involved in Peru.
Besides, Peru is a fairly big country... I have no worries about Oracle, who has smart ideas about a place to land if TSHTF. I am speculating about "Ceja de Selva" holdings about Oracle's land. I have been there, it is as remote in its way as Vietnam's highlands...
Chill, Peru is on its way UP. Oracle could be a big winner and has shown high quality commentary for some time.
DoChen
with my pension from HSBC and JP Morgan you think I can buy a nice piece of land in Peru?
Oh yeah, for sure!
Might want to think about having any silver or gold mines as neighbors anywhere near you though, they might send out 'sicarios' after you if JPM lost 'em any money...
Do Chen,
My smackdown prediction came true today.
one last smack down....... I drool like one of those aliens off the Simpsons. You don't have to be a Rainman to figure that one out. Squeeze like there's no tomorrow fellas, but when finished, don't forget to flush.
Another retraction to $21+ would be nice, but I'm looking at anything under $40 as a bargain. And, really, another 100oz isn't that much to carry around. ;)
25,000oz
I'm a little short to pick up that particular lot... lol!
So have you worked out where you'll be parking the yacht?
Which could be today (Tuesday) I call it Takedown Tuesday, the day after the COT weekly reporting period JPMs busiest day(usually)
Blythe Masters says "Don't panic".
“You should think of this as business as usual and definitely not a reaction to losses in coal, or anything like that,” she said. “It’s not because we are panicking. It is not because we are changing our minds, backing off, backing out, backing down, running away, none of the above.”
Masters said had she spent the previous several days in meetings with Staley, Chief Executive Officer Jamie Dimon and the investment bank’s operating committee and was preparing a “deep dive” with JPMorgan’s board and Chief Financial Officer Doug Braunstein.“When you have a bad quarter or a bad year, you should expect to spend a lot of time with senior management explaining yourself,” she said. “I have worked very hard, number 1, to own responsibility for what went on and to acknowledge it and not excuse it. We made an error of judgment. Frankly, we made a bit of a rookie error. We got overexposed in the market and made ourselves vulnerable to a squeeze."
Quotes from Aug 3, 2010 Bloomberg article.
http://www.businessweek.com/news/2010-08-03/blythe-masters-says-don-t-pa...
That is fucking beautiful...
Where do you get silver quotes at this late hour? Can some one educate, is it
POssible to get gold and silver quotes/charts quoted in other currenies like euros?
http://www.kitco.com/market/
even bloomberg updates throughout... but try to get physical for $28.. go hit some shopping carts
step up playaz
http://store.scottsdalesilver.com/product/20/100-oz-King-Stacker
Heh...those are great. Stackers!
Stackers are always overpriced.
If you visit Kitco, say "HI!" to Jon Nadler, and try to download a copy of K-cast, which is only a small program, but places a constantly updating readout of gold, silver, plat and palladium prices (or whichever ones you want to see) on the Windows taskbar.
An excellent little widget, and you can keep track of the EOTWAWKI via the precious metals prices in USD!
Thanks spdrdr, that's a mighty nifty doo-hickey. A solid silver thumbs up.
http://www.finviz.com/forex.ashx
http://www.kitco.com/market/index.html
Although Kitco may be getting hammered or serviced right now...
that's insane--it's not parabolic--it's asymptotic to the y axis!
It's actually going to go back in time to recapture gains that should have been.
cool, i've seen that before and wouldn't mind seeing it again.
"the best outcome for holders of gold and silver would be to preserve the current ruinous Fed policies in perpetuity"
I wonder how much gold and silver Benny and his buddies have stockpiled....or should I say how many tons they have stockpiled.
Gold - lots, silver, not so much.
Both.
-- FOFOA likes gold (vs. silver).
-- Silver makes bigger price moves.
-- Platinum is the 'real' diversification
Disclosure: I own all three, but the bulk is in gold.
I own almost 100% silver in hopes of converting it into gold at a later date at a highly favorable rate at the height of an industrial panic. I plan to start trading my silver for gold in fractions starting when it reaches 10:1, and trading the last that I plan to trade at 1:10. If it goes higher than that, I will reevaluate the remaining 1/6th of my silver holdings.
Lot's of gold ( I predict, probably even in the Knox) and not so much silver.
Interesting thing is that the whole world is now hearing the gold story, silver is doing it's quiet, shining in reflected glory thing.
And the Sun is getting more unstable (watch for massive price swings in Au over the next three months, it will become a madness maker as gold portfolios gyrate like crazy in value).
Silver on the other hand, will continue to benefit from falling output (a lot of it is by-product)....
I say the two Ag's (Silver and Agricultural land) are where the action is.
Gold, like Midas's myth, might make you mad.
ORI
http://aadivaahan.wordpress.com
ORI
I'm sure there's Gold in Fort Knox. The question is one of ownership, not location. Who owns the Gold in Fort Knox is the really interesting question.
Yup
Why CD, Germany of course! Nein?
But you see, it does not matter at one level. Disproving the Tungold conspiracy and a visible, open audit of the thousands of tons as actually available will deflate gold whether the Bundesbank has it or the US.
Also, tin foil on firmly... loot from both World Wars went overwhelmingly to the same small clique.
It is a mighty club they have to swing against the dollar price of Gold.
In an apocalyptic scenario.... all bets off.
ORI
http://aadivaahan.wordpress.com
Was this posted on ZH yet?
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8116143/...
I haven't seen it -- good get. A former Goldman snitch? Wow.
I'm waiting for an actual suit against gold manipulation
Can't be far behind, too many deep pockets, lawyer$ and blood in the water
By MICHAEL GRAY
Last Updated: 4:33 AM, April 11, 2010
Posted: 2:10 AM, April 11, 2010
Read more: http://www.nypost.com/p/news/business/metal_are_in_the_pits_2arTlGNbMK7mb1uJeVHb0O#ixzz14lExndSM
http://www.zerohedge.com/article/andrew-maguire-re-emerges-ex-goldman-trader-exposes-jpmorgan-hsbc-latest-silver-price-manipu
Why will Blythe Masters be leaving JPM and if this is true when will the losses become public?
behind every fed cloud is a silver lining....
fuck you ben.
I love silver, I love gold.
I'll thank Bernanke when I'm old.
Nice!
I have been so agitated lately I can hardly work.... hey... look at my porfolio! Maybe i don't have to work!
+1
Except for me, I see my mortgage balance, and put my head back down.
Why are all you fucking morons excited?
You didn't get any wealthier, you dumbfucks. Silver going "up" is simply indicative of the dollar going down, which occurs as sure as clockwork nowadays. This is indicative of the decline of the American empire, precipitating the beginning of WWIII.
It's like you're celebrating a minute passing by, yay! Imbeciles.
It's more "We are doomed, but we are less doomed then our TV junkie neighbor!"
What should we be doing? America is a rotting corpse not much we can do about that. Empires collapse, that's pretty normal in history. The focus of civilization is shifting from the West to the East, also this swing happens in history. It's not like we as a group could change that momentum. This is all about persevering ones own tender ass from the vicious anal plundering unleashed by the death throes of the America Empire.
For the record, this isn't really what I wanted. I wanted real capitalism. I wanted justice. It's not my fault that gold and silver laugh in the face of a nation that has decided to try to ponzi its way to prosperity.
This is the closest I'll ever get to justice.
Justice will come when you and 1 million others exchange some of your $300ozt silver for pallets of 7.62x39.
America is a rotting corpse not much we can do about that. Empires collapse, that's pretty normal in history.
Good thing we're not an empire then. Want a crying towel?
Silver will go up faster than the dollar goes down.
QED
Do the swap DoChen, swap the gold for silver.
Works great,unless you have to leave in a Hurry.
Right. Because everything else is appreciating at the same rate as silver. So there's no relative gain. Not at all.
You got it wrong. Each of us borrowed $100,000 from the bank and bought silver at $12 last year. The 8,000 oz each of us bought are now worth $224,000 so if we choose to, we can sell 3,500 oz and pay back the loans and keep 4,500 oz of silver as a parting gift. Or, better yet, we can hold the silver until it hits $50/oz and sell just 2,000 oz to pay off the loan, thus walking away with 6,000 oz of silver valued at $300,000 free and clear.
Do you need any further explanation?
nope
Hey, fat ass. We've been copping shit from the peanut gallery for so long now, your inane comments above are just that. You sir, I fart in your general direction.
Dear fat ass willy-
Maybe the are happy because they had enough metal to buy a nice car last year and now they have enough to buy a house.
I am not rejoicing because I know you haven't made any money until you sell. I remember how fast silver went from 20 to 9. Oh, and I also unloaded all my palladium two months ago. Whoops!
My mistake. I'll junk myself.
@fatass...why are you posting here?
You come off as a dolt and a shill/disinfo tard.
Up yours.
I post because I'm bored.
Obviously, you post because you're angry. I find this amusing.
Heard this before. Hello Johnny Bravo.
Yawn, just another run-of-the-mill troll. Noted.
I'll keep junking and ignoring his posts then.
Yeah, because admitting fault and junking oneself as wrong is what trolls do, right?
Moron.
Fatass - you keep posting. Looks to me that even your inane drivel is a step up from the rest of these douch bags. And don't forget the golden rule: don't get bored get livid - aggression and a cogent argument always wins the day here as most can't type let alone string an argument together. (Troll, troll, troll, troll)
We know, but who said anybody was excited because silver is up?
Everybody is laughing because you lost more
This is not a completely stupid point. Point is, though, due to many other factors, silver is going up quite a bit faster than the dollar is going down. By the way, bigbutt, you can still get in....it'll go to $50, then stick for awhile. Why? 'Cause I say so.
Yet, on Monday the Dollar index went up (and so did Gold & Silver)! Check your premises.
I hate to tell you, but the transfer of purchasing power from paper to metal is not one that will proceed in direct proportionality.
Imagine you have two balloons, one which is almost completely full of air and on the verge of bursting, and the other very nearly empty. You are allowed to buy a certain amount of surface area on these balloons. The surface area of the inflated balloon is ~1000 times that of the other one. Some smart people see that there is a little valve connecting the two, and a large steamroller about to run over the currently inflated one, so they use their labor to stake a claim on the balloon that is not inflated. Now, that valve is opened, and the air pressure is starting to equalize, and the PM balloon is inflating. The surface area is increasing MUCH faster than the other one is decreasing. Sure , by the end, it will average out to be a 1:1 transfer, but for us it is experienced more like a 1000:1 transfer. We get 21000 times the purchasing power we would have otherwise.
Gold has been to a degree, silver is not.................
With Slvr you only have two problems.
If you have to get out of dodge, it's a bitch to move, and damned hard to hide.
Plus,when the prices swing, Gold goes up the stairs, and down the elevator.
Silver follows up the stairs, and jumps off the frigging roof.
Personally, if/when it hit's $30+, I will sell my Slvr, and convert to Gold.
The industrial component of Slvr doesn't carry water with me,as I see it, this SOB, is going to get so bad,you better be mobile.
Can't do it with 1000#'s of Silver.
+1 !!!!!! This is the land of the shiny, shiny douche monkeys, who think they are the next Rockerfellers with a few bags of gold and silver. And guns! LOLOL ... the whole system is coming unglued and NOBODY will be any better for it! You are all going to die like everyone else. Hope you can hunt and fish! Kiss your brick and mortars GOODBYE! With the margin contraction due to the parabolic move by the commodities, get ready to buy the $10 tuna fish in cans (each) at Wally World, the only store left standing.
Bullshit. What we are experiencing is a classic, but massive, short squeeze...
Damn...looks like I should have ignored the weight and bought even more silver then I did. Rocking and rolling more then gold is. Though suppose I can't complain about all time highs in gold either.
Blythe if you are out there, crank up the shorts and open up a buying path for us. It's clear you don't care about loses and a lot of us would love a shot to get more at less then these prices. Thanks!
The Federal Reserve and the folks here at ZH are making me rich and appear as a prophet to my friends. All I can say is keep up the good work.
Silver is rumored to be in slight excess of a billion ounces globally. If true, this is fascinating because it is 10% of the reserves in 1900. We are getting to the bottom of the barrel and may find profound supply inelasticity. The price could go bonkers even if Ben behaves.
In my travels, I've been told about silver vaults that were emptied decades ago. An awful lot has wound up in landfills (electronics) and graveyards (fillings). I've never believed the line that 200 million ounces a year have been coming from scrap recycling, and I don't know about you, but I'm not going grave robbing for $30/oz.
But you would at 300/ozt ?
I'm not answering that...
made me laugh
What will happen to silver (and gold etc) when the new balance of power votes against the next debt ceiling increase!?
TO the moon, gerriek, to the moon. A vote against the dent ceiling? Are you kidding me? "We'll get it right by the next vote, won't we gentleman"? Try telling the military complex and the banks that you are going to choke them off. May as well announce a gold standard.
Silver goes down -- but then the USA defaults and it skyrockets
Bingo!
Silver goes down every trading day....they call it a downtick.
if the house does so (big if) imo it will work as well as a similar ploy by newt in the mid nineties, i.e. didn't. got rolled coming and going.
Argh... been waiting for even the slightest dip to buy more... but it's just not happening.
Just do what I do. When you have some extra dough come in, BUY! I look at the price, but it does not affect my decision, then just BUY it.
Some 85% of the gold I hold (decades of buying) was bought near or at its "highest price". And I am up big.
With luck I will never sell my precious metals. Give them away? Yes, probably, in a nice quiet sort of way.
"bull markets climb a wall of worry, bear markets slide down a slope of hope."
Parents, think about converting your children's savings accounts into physical silver. I was surprised at how wonderful the idea was! I'm happy to be able to give my children their money, instead of watching it all inflate away to nothing.
Did that in March. The kids are raking it in! Because all of me and the wife's money was going into the retreat cabin we were only able to buy a few oz of gold but we loaded up the kids with both gold and silver. I also ordered 7 silver eagles last week for xmass presents for the kids and nieces and nephews. They are making gains and don't even know it.
buying even at these levels as 30.00 per oz will b breached shortly...
paid 28.00 the other day and didnt even trip...real money at this phony paper price is....priceless....
JPM called in on silver futures, JPM sells equities to raise cash, Dollar goes up, market goes down, Silver goes up - then, dollar goes down next POMO so, Silver goes up - what are the odds?
lol, nice explanation! +1
Wrong
JPM wants cash JPM gets cash from God[read fed]!
which world are you living in since 2008?
Dear Ben and Blythe,
Thanks for the prolonged dip.
Fuck you.
You all seem to recognize the squeeze.
Remember what happens when a short squeeze is over.
Also, if there is any sign that new sub-committee chairman Paul will accerate the process of bringing Ben to heel, the dollar will bottom.
Put those two together, and silver (which I own, and retain a fondness for) could go from platinum to linoleum in no time at all. Lower percentage of obligate industrial demand to provide a floor these days.
And I apologize for posting contrary to ambient current.
China can wipe out the Comex inventory at any moment as a goof.
Why China -Qatar has an annual surplus of 120 billion dollars and can buy entire annual physical production of silver in the world- many times over
Interesting thing is, why hasn't some soveriegn wealth fund done this already yet????
Oh wait....their chief advisors are Goldman,HSBC,JPM.
Blah on!!!!!!!!!!!
Buffet bought 120 million ounces at 7 bucks and took delivery in London. Ask him about that little phone call in the middle of the night and why he doesn't have it anymore....
No need to apoligize, point taken. But nobody is bringing the Fed to heel. Until the real Crash, power will continue to flow the other way. All these new neo-cons in Congress aren't going to touch the debt ceiling: that would interfere with Israeli national security requirements.
are they mostly neo-cons? i thought ron paul and his followers (i may be one) helped start the tea party. or is it so co-opted that it is functionally neo-con (hence likud)? thanks for any enlightenment.
Remember what happens when a short squeeze is over.
Also, if there is any sign that new sub-committee chairman Paul will accerate the process of bringing Ben to heel, the dollar will bottom.
Put those two together, and silver (which I own, and retain a fondness for) could go from platinum to linoleum in no time at all. Lower percentage of obligate industrial demand to provide a floor these days.
The squeeze is only to correct to silver's true value from decades of suppression. You forget the monetary system is a broken piece of dung, which Gold and Silver are now replacing. When fiat disappears people will need gold and silver coins as spending money. A silver dime is a day's wage..etc. The need for real money over-whelms industrial needs 100 to 1.
I would like to know what you think about buying platinum and pallidium coins.
My humble opinion is that they are very similar to silver, but they have not suffered to the same extent as silver in terms of price suppression, so they don't have as far to rise. Also, since thier main use is as catalysts, they are replaceable at high prices. Silver has properties for which there is no substitute, so a continued short squeeze here is likely to segue into an industrial panic. You start selling silver for gold about six months into this panic. This continues until you have converted your silver into gold at a 1:1 ratio at LEAST. If my plan works out, I will get ~5 oz of gold for every oz of silver I own, but that is likely something of an outlier. It would represent a major blow off top in silver.
@ ATTILA
If you already have "sufficent" Au and Ag AND you also have the spare funds, then YES I would say OK re Pt and Pd. Diversification.
Even if tmosley's read just above is right (less upside due to less manipulation), I still feel real happy owning Pt and a small slice of Pd.
Where would you get the Pd? The coin shop I used to buy it from stopped bringing down the Canadian 1 oz coins, now only has 100 oz palladium bars from Russia.
you know, I've got a pretty good position in the stuff, and it still bothers me that it's going up like that. I think this might be very destabilizing to the financial system...
The financial system has already been destabilized (not silver's fault). Silver is just a symtom.
The juniors are kicking azz.
EXK + 9.02%
Thank you Lord Keynes and your understudy Banana Ben.
Think: volatility, as with everthing else. It'll go to $50, stick briefly, correct, then blast upward again. Why? 'Cause I say so.
What methods are you guys using to calculate the value of silver and especially gold? P/E? future earnings projections? Growth rate? Will they pay a dividend eventually, and for decades like Coca Cola?
You know, you don't have to display ignorance. One may just sit back and learn.
read fofoa and jesse's cafe (and his references) as well as here. it's not an investment for all times and places but for this time and this place -- zowie. check out american barrick 1930 to 1935. john hussman notes that when real interest rates are negative and the purchasing managers index is below 50, the xau index appreciates at 85% annually, on average.