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Silver Is Surging (Again)
Something has changed. We have become used to the daily beat down on precious metals at around the 8am-9amET period... but the last two days have seen a significant reverse of that... Silver (and gold) are pushing notably higher once again this morning (as are Treasury yields also)...
Silver big shift in regime...
and Gold is moving but less so for now...
and it seems bond yields are reacting...
Charts: Bloomberg
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Damn it, timing silver is a bitch!
https://www.youtube.com/watch?v=piVnArp9ZE0
I'd be very happy for Silver to remain in the toilet for the next few months.
EDIT - My distributor was completely out of Maple Leafs and Silver Eagles day before yesterday. My new Austrian coins look nice.
I've read "silver" and "surge" in the same sentence more than I care to remember over the past several years. Yet somehow, silver is still down.
I'll believe it when I see it. I'm seeing it now - but on a short-term chart. I want to see it on a long-term chart.
Live Silver Chart: http://www.pmbull.com/silver-price/
+1
It's up 2 cents from yesterday.
SURGE!!!
It's called opex. Banks are adjusting the price to minimize payouts. Specs are hard short right now, so a sharp rise into opex is expected.
Its like you've not been paying attention for the past four yeats, Tyler.
Lower highs, silver is ready to plunge.
Totally agree. They are attempting to move the needle on something that the price action has been underpriced so long they will never, ever, ever get the value out of the metal except in fractions. It's the problem with heavy manipulation and artificial price controls managed by central mechanisms. Not just of the metal, but also of the cost labour, energy, storage...all of it. Eventually the inflation that a PM should have been following acts like an anchor. Couple of reasons for that.
1) The public has been told for so long that it's not worth anything. The metal traders literally they killed their own trade and market to sell and buy from because pretending the legacy currency isn't a currency for 100+ years. There's a severe cost to that. We'll see silver crash again, along with gold and platnium.
2) Because it doesn't even recoup investment, no one sells it. Investors aren't day traders, the metal houses are never going to see the PM's they shipped out come back. There is simply no reason to sell it back to them. Again they broke their own market and like the mining companies going bust. So will all those metal traders.
Cash, paper and PM's are about the worst place to be right now. It's run by people that are attempting to make a profit on 'money' in a period of masked hyper inflation. Right now the only 'investment' is cost avoidance. Which isn't an investment, it's a survival mechanism that only works as long as a cost can be dodged. Which judging by the way things are run...oh well. Can't fix stupid.
For the individual, if you want to 'get out of the way'. There no longer is anywhere to 'get out of the way'. This is all about a horribly poor understanding of math and pretending that poor understanding of math makes an economy happen. It doesn't. This is the outcome of capitalism. This is always the end result.
Nobody wins, everyone loses.
Silver was at $48 a few years ago. When it gets back there we'll call it a surge.
I've been down so long, it looks like up to me?
When falling down a hole it's hope that makes you look up. It's luck that you land on something soft when everyone hits bottom. The two are not mutually related and only one offers a chance of survival. (protip: be light as a feather and land on fat ones)
If the mainstream coins are gone, you can still get silver one ounce rounds from reliable dealers. You are right, I don't mind the price staying down for a few more months, gives you a chance to accumulate more at a bargain price.
JPM sent out Silver Hoover, aka Blythe Masters, to forcibly gather all physical silver that wasn't nailed down, and some that was. And they don't like to share.
Welcome to last year. She hasn't been employed and is black-balled by JPM for quite some time now. You're in luck though, she's looking for investors for her new HF.
You can check out of JPM any time you like
But you can never leave
Yeah, I've noticed that. They get their hooks in you but deep.
Notice Blythe didn't come back with much but a shit eating grin.
Strong resistance lay ahead at $17. Watch it there for your timing.
$17 for silver and $1,208 - $1,210 for gold are the resistance levels. Then we have a nice little run assuming the Fed and GDP cooperate Wednesday.
But it will be a dead cat bounce that will take us to new lows by October (I sell gold and silver so it's not easy for me to make this kind of prediction, but I call it like I see it 5 days a week). http://buygoldandsilversafely.com/category/current-thoughts/
Dollar under 97 is one of the main reasons for this micro bounce. Because the dollar index is 90% made up of currencies from countries that have bigger issues (Greece, Italy, Spain can't print their own money like Japan can), perception will take the dollar back over 100 once the current dip reverses. Stock market will break to new highs after a dip. Rates will stay low. No Fed action but "talking the talk" with CNBC cheerleaders smiling all the way to non-cash accepting JP Morgan Chase bank. You know the script.
Long JNUG at present.
Citibank got 1.4 million ounces of Gold from Venezuela last friday - lots of ammo to smash the Gold price whenever they see fit.
may be...but all phyzz eventually gets hoovered up by China, India, Russia, and certain other smaller countries who are now part of the AIIB and the Shanghai Cooperation Organization.
The game is coming to an end and once all the phyzz is gone and the miners have been destroyed/nationalized, and the fiat petro-dollar has been wiped out then well...I sure wouldn't want to be holding any paper.
Phyzz will rule the day once again.
On the flip side of that though, I feel all phyzz holders better be on their A-game after the SHTF. Phyzz holders will become enemy #1 against the corrupt gov-scum and hundreds of millions of the FSA zombie hoard.
I'm surprised China didn't get there first.
I'm surprised the Venezuela government was foolish enough to seek out a deal with an american bankster.
Seeing nothing to argue with here.
Respectfully disagree, as you don't seem to factor in geo-political tensions which are spiralling out of control as we speak. The coming US false flag is likely to be a "banking cyber attack" which will conveniently happen during Jade Helm. The Rothschilds will then blame the Russians or Chicoms for your vaporized bank accounts. They will probably loose ISIS, whom they've been coddling, all over CONUS as added cover/mayhem. At this point, it will be clear to all that we have indeed entered the End Times.
Silver is 16.50
It won't be surging until it's ten times that price.
Let me repeat! No! I haven't stacked enough yet! (But, then again, you can never have enough!)
No! I haven't stacked enough yet! (But, then again, you can never have enough!)
Is it a wonder, mass accumulation over the last couple years. Sooner or later it pops, cause it GONE !
Gold Bitchez......I pick up pennies
Meh. this "surge"means nothing other than the price of insurance is higher.
the only thing surging is over active imaginations............
Wake me when it breaks $25.00
Call me when "SURGING" means up $5 an ounce...until then this is still all web bot paper jockey bullshit. I am ready to sell some of this shit and buy a nice fucking farm in South America.
What country in South America isn't a socialist hell hole again?
Yep Slip, if and when we hit one of those silver stops, THEN we will know it's game on.
you tasty beaver.
u have no clue, stay in ur hole i,ll stay in mine.
I hear Uruguay is pretty nice. They decriminalized drug possession, thats a pretty good step in the right direction.
Currently there are several. Some don't steal all of your money via taxes or make you buy overpriced and worthless insurance and tell you that you are "free" So you can go to socialist hellholes like Ecuador or Brazil and get quality healthcare and reasonably priced homes- ya know while still forced to pay taxes to the USA.
If you are hispanic or hispanic looking, then you can get a great deal. If you're white, may I suggest Northern Europe? If you're black, South Africa FTW.
If you want to buy a small farm, get one you can manage by yourself ... less than 5 acres. Something with a stable population and where you can physically blend in.
If you think the Latins will keep calling you Jeffe and mixing you margheritas when the USD goes to hell because you have a piece of paper saying you own this piece of land, I think you will be sadly mistaken.
lol, everybody knows we are all black and latin looking in Argentina.
go dowtown Miami and then San
isidro in bs as.
See who looks. more latin?
I have a Colombiana who will slit your throat if I ask her to. She takes good care of her Popi.
La misma esta mamondo mi pinga y pagando mi con su dinero , pendejo.
Seguro?? Puto
Chinga de tu Madre pinche wey.
i suggest patagonia in Chile or Argentina .
if u a big millionaire punta del este Uruguay.
I have one for sale. 400k.
I guess they decided to make money the easy way this time.
Die JPM, die!
Wait for the smackdown...as always
I know someone that did that at $5.00, he's still waiting.
I must admit I can't remember the last time silver was up two days in a row but "surging", come on guys, .14 cents. Lets keep the term surging for anything over 5%, OK> And as always it is the close that counts. Need to get over 1,225 gold as the first hurdle. This will be a tough, long climb. But maybe, just maybe.
The surge is already over. Now headed south of the border. Buy pm's on Fridays- I've been doing it for years.
Had to replenish plumbing supplies the other day. Picked up a roll of solder, first roll in a couple years...big price increase.
Asked the plumbing dude what was up?
Lead now outlawed in solder...using silver now.
After I finished an ugly joint, I picked up the little blob that had formed on the floor. Very 'silvery' looking...nice !!
Might have to make a mold and weld me some silver dollars ! hee..hee
Don't worry...the US ""markets"" will see to elevating stawk futures and selling PM, as they always do, every day.
A true surging price will not be broadcast. You won't watch silver climb day after day on the charts online. Those days are long gone, outlawed. One day the market will close and there will be no price for several weeks/months.
I guess he spoke too soon, AG just got wacked down
When New York NYMEX opens silvers starts acting crazy, you can see it at kitco site.
http://www.kitco.com/charts/livesilver.html.
But in fact silver dosn't moves much. When dollar drops silver goes up, when dolar goes up - silver drops. It balances at alsmost constant value.
cough ... futures expiration ... cough
1 day? Dedicated Silver Beat-Down specialist must have been at a funeral. Looks like they just got back into the office and rolled up their sleeves...
short-term price action doesn't matter (except as someone stated, to make insurance cost more, oh well)
the only thing that matters is when the system breaks --- you have some PM, food, water, and firearms on hand
WTF are you talking about? Have you looked at the 3 year chart for silver? We had higher surges than this, which ended up in lower crashes.
Anything to do with this?
Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History? http://www.silverbearcafe.com/private/04.15/stockpile.htmlYeah, that's a big deal. Is it for a customer? One billionaire putting on a hard asset hedge?
I've read the same thing. Over 55mn ounces now. They have been buying over 1mn ounces a day for the last couple weeks. That's around $880bn worth of silver they are sitting on. That's a lot of phyzz to stock up on.
JP Morgan added 8 million oz in the last two weeks.
OK...simple breakdown....I can not predict the future but I may study the past. Regimes fall, empires fall, banks fail, monetary systems fail....but this time is different, only in the WAY it will fail.
Feel free to riot here in my neighborhood...if you can get by the fire power of the crazies lurking behind every tree and bush.
Who is contolling my past? Oh, yeah....
In a manipulated market - devoid of any fundamentals or reasoning - the only 'analysis' worth anything is to define what is motivating the manipulators. I see two things possible:
1. Pump and Smash -- drive up the price (or let it rise) and then spin FedSpeak into a stronger dollar in order to smash any longs.
2. Cover and duck - cover shorts ahead of the FedSpeak just in case the Fed sounds too dovish such that PMs go up
Any technicals and any news besides the Fed and besides China's possible QE are irrelevent.
I guess I It's fair to call 6% in two days a surge . . Maybe an inverse monkey hammer?
wake me up when it has passed $50/oz. until then lets tone down the "surging" talk.
This is nothing more than a fall in the USD. Looking at silver and gold prices in other currencies, there is hardly any change.
Nobody's happy to see it move up a little instead of down. We are so cool we ask for more hammering so we can 'back up the truck'.
Everyone has had years of these stupid low prices yet they will back up the truck when it drops another buck.
Some of ya'll are institutionalized, in fear of your keepers. Not me, they can kiss my ass.
Silver surging because the USD is pulling back after a parabolic rise.
1240-1250 remains the key level for gold.
http://goldenopportunitytrading.blogspot.com