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Silver Is Having Its Best Day in 15 Months
In all the excitement over gold, silver has been largely ignored or forgotten. Today, it was the "poor man's gold"'s turn to stae a dramatic comeback posting its biggest single-day jump in 15 months. Having now retraced the Fibonacci 38.2% level of the record plunge, it appears $25 is th enext target - which is around 50% retracement levels.
Best day in Silver in 15 months...
with a target for 50% retracement at around $25...
Charts: Bloomberg
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Is Lew referring to PMs? US Treasury Secretary Lew says US needs to strengthen markets that may be susceptible to destabilizing and fire sales
http://ransquawk.com/headlines/us-treasury-secretary-lew-says-us-needs-t...
Read comments.. back to williambanzai7 's post. Read comments.. back to williambanzai7 's post.... I mean the picture of the silver moon...
The bullion dealers are stupid for ramping up margins. Had they kept their margins low they would have really set fire to demand for their metals and really caused the manipulators some real grief.
Considering they completely sold out, I am not sure it would have made a difference.
Would there have been physical left ??
I want a shop of Jamie Dimon as Ned Beatty in Deliverance getting bent over by Bass, Sprott, or William Jennings Bryan.
Nasty... need bleach for imigination.
still nowhere near it's true value.
Zippiddy Doo Daw...!!!! Up + 4.75%.......
Fuck you JPM.....!!!
Spot @ $26.50 in Slvr seems to put the PTB on high alert.
Strange. I never had any anxiety about buying and holding phys gold or silver, even when I bought silver at $40/oz, as I knew it would hold its value when the time came. I have no concern now either. In contrast, when owning stocks and mutual funds, it seemed I was always paranoid enough that I had to keep checking that they still hadn't gone down in value. I was so anxious I was even watching CNBC!
Watching CNBS makes me anxious.
Strange. I never had any anxiety about buying and holding phys gold or silver, even when I bought silver at $40/oz, as I knew it would hold its value when the time came. I have no concern now either. In contrast, when owning stocks and mutual funds, it seemed I was always paranoid enough that I had to keep checking that they still hadn't gone down in value. I was so anxious I was even watching
Coukd that be because you know sooner than later you win?(with everything a total disaster), with the other shit, it's can you beat the Playa's, and the Algos.
Let's Get Things Nice And Sparkling Clear - Gold & Silver Were Due For A Bounce But The Trend Remains Down
http://chartistfriendfrompittsburgh.blogspot.com/2013/04/lets-get-things...
"Let's Get Things Nice And Sparkling Clear - ... But The Trend Remains Down"
As does available physical at most LCS? Crystal. Paper can get stuck on zero wouldn't surprise me.
-1 the trend is multi-year and that’s up, not down. Before long I expect to see silver spot at $5 and silver physical at $50 per ounce at the same precise moment.
Anyone else hear that rushing sound?
That's air blowing into the vacuum at COMEX.
4/24: 7,990,798 troy oz
4/23: 8,345,509 troy oz
COMEX lost 4.4% of its gold inventory yesterday!
Since 4/5, it's down 13.8%
Can't wait to see what today looks like. I'm betting part of this runup is due to delivery issues.
seek, did you see this? What does this mean?
TIA
http://networkedblogs.com/KDUe2
Hadn't seen it. It seems more speculative than usual, laying it all at the feet of hedges done solely by Russia through Cyrprus seems like a huge stretch to me when you've go so many other candidates (JPM, BBs, etc.)
I do agree that something big and possibly geo-political is involved with whatever this is, but that could simply be widespread repatriation of gold.
Another 7,000 oz today.
13,000 oz yesterday.
April 2012 20,000 oz
April 2013 203,500 oz
http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2013
Price? What price? How did we determine that price again? Nevermind. I want MOAR!
It's only $6 below what I bought it at not counting the premium.
Alleluiah...or something.
PS. When I tried to but more at a lower price at a later date, I was told
I'd still need to pay the price I paid before. He probably wasn't willing to
pay the higher price if he were a buyer.
The other dealer in town 'didn't have any.'
I wouldn't bet on silver continuing its rise, as it seems to be in a correction prior to the next drop. Which by the looks of it , should be soon.
new age alchemy
turn paper into gold ..
When TSHTF paper will be worth what paper is worth.
The 'price' of metal will be impossible to determine.
What will matter is whether or not you have any of either.
Those with will be less fucked than those without.
Not worth even commenting on the value of zeros and ones on a server somewhere.
GC 1482 +19.60, SI 24.80 +.62
BoJ rate decision should be out in approx 2-3 hours from now.