• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

Remember Silver?

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 08/21/2011 - 18:55 | 1584223 mcguire
mcguire's picture

i guess silver is money afterall.. 

Sun, 08/21/2011 - 18:58 | 1584237 unky
unky's picture

No you are wrong. Because Libya is now resolved, the uncertainties for the world economy are gone and more commodity style silver is being needed, lol ^^

Sun, 08/21/2011 - 19:22 | 1584319 Id fight Gandhi
Id fight Gandhi's picture

Meh I feel better with silver then the Benny bucks

Sun, 08/21/2011 - 19:42 | 1584373 bigdumbnugly
bigdumbnugly's picture

yeah i remember silver all right.

she is the other girl you kind of know will be there while you're off after the prom queen.

i'm going back to the fallback position here awhile.  i always preferred maryann to ginger anyway.   

 

 

Sun, 08/21/2011 - 19:59 | 1584426 WmMcK
WmMcK's picture

I preferred Lovey Howell (but take all the girls and the bartender).

Mon, 08/22/2011 - 22:49 | 1588896 Bring the Gold
Bring the Gold's picture

Unky by my random ass guess a full 20% of this forum either has asperger's or no sense of humor or both. Hence the uber junkification when....YOU ARE ON THEIR SIDE MAKING A JOKE! LOL! I will even it out with another up vote. *sigh*

Sun, 08/21/2011 - 19:29 | 1584329 Troll Magnet
Troll Magnet's picture

Our traditional media finally waking up...


Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secret Loans

http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html

Sun, 08/21/2011 - 21:16 | 1584613 spanish inquisition
spanish inquisition's picture

Good read. Big banks still cannot exist without the Fed propping them up.

Sun, 08/21/2011 - 19:52 | 1584410 TeMpTeK
TeMpTeK's picture

The yellow stuff still has some catching up to do

http://finviz.com/futures_performance.ashx?v=16

 

Sun, 08/21/2011 - 20:07 | 1584445 SWRichmond
SWRichmond's picture

Can I take you out to the pictures, Jo---O---O---oan?

Sun, 08/21/2011 - 22:08 | 1584743 IQ 145
IQ 145's picture

Yes, contrary to the last four articles you read here where it was discussed as an "industrial metal"; as I posted earlier I sold my Dec. Contract at $43.80 earlier this afternoon. I don't like vertical price charts.

Sun, 08/21/2011 - 18:55 | 1584226 Troll Magnet
Troll Magnet's picture

I'm almost convinced that we'll never see silver at $40 and gold at $1,700 ever again.

Sun, 08/21/2011 - 18:57 | 1584235 Manzilla
Manzilla's picture

Oh c'mon. It's going higher but let's not act silly.

Sun, 08/21/2011 - 21:52 | 1584700 IQ 145
IQ 145's picture

But acting silly is what people do on internet blogs; it's entertaining. Did you expect that someone who knew what they were doing had time to write you little notes here on "doom is us"; no, fraid not.

Mon, 08/22/2011 - 08:58 | 1585515 rich_wicks
rich_wicks's picture

Acting silly and stupid isn't entertaining, it's simply annoying.

Anybody can act like an idiot.  What's difficult is acting informative.

Gold is in the early stages of a surge, it's probably not ready to blow off quite yet.  Generally my experience is there is a surge, nobody believes it, it retracts, everybody feels secure that they didn't believe it, it surges even higher, people begin to question it, pullback, they feel better, and so on, until they captiulate and get in before the train leaves the station, gold crashes, new buyers get crushed, and then it consolidates, and goes back to climbing again.

That's what silver did.  Gold's turn now.

Mon, 08/22/2011 - 12:14 | 1586254 MFL8240
MFL8240's picture

Silly is to put your trust in this goverment and thier confetti machine.

Sun, 08/21/2011 - 18:59 | 1584239 devilsindetails
devilsindetails's picture

I agree with Trollster... WHY WOULD WE see silver at $40 and $1700 again? 

Sun, 08/21/2011 - 19:09 | 1584276 556nato
556nato's picture

Straight myopia.  COMEX is going to put a hurting on silver.   We will see another correction.  

Sun, 08/21/2011 - 19:15 | 1584293 toady
toady's picture

I'm thinking they will hammer it before 50, say... 48. It'll go back to 38.

How many more hammer strokes do they have?

Sun, 08/21/2011 - 20:11 | 1584453 SWRichmond
SWRichmond's picture

Back in school again, Maxwll plays the holligan, Teacher gets annoyed.

Wishing to avoid an unpleasant sce-E--E--een.

She tells Max to stay, when the class has gone away...so he waits behind

Writing fifty times I must not be so--O--O--O

But when turns her back on the boy, he creps up from behind....

Mon, 08/22/2011 - 23:29 | 1589027 Bring the Gold
Bring the Gold's picture

Sooner or later Maxwell is gonna creep up behind Jamie Dimon...bang bang!

 

http://www.youtube.com/watch?v=qpCV2wgoxC8

Sun, 08/21/2011 - 19:15 | 1584295 Troll Magnet
Troll Magnet's picture

I think people's mindset has changed since the last time CME raised margins five times consecutively.  The weak hands have been shaken out.  Also, silver has underperformed against gold and the ratio is something like 45:1 right now.  It's now time for silver to catch up and this time, they won't be able to defend the $50 line.

Sun, 08/21/2011 - 22:16 | 1584767 mcguire
mcguire's picture

agreed.  the whole event narrative is interesting, approaching almost exactly the hunt brothers high; this followed by margin hikes and a 'crash' in prices; but with it rising again to retest these highs, it confirms that this is not at all like the rise in prices during the hunt brothers event..  

silver vigilantes.. we are legion.  (lol)

Sun, 08/21/2011 - 19:49 | 1584400 Hugh G Rection
Hugh G Rection's picture

diminishing MARGINal returns.  They won't be able to recreate the May1 massacre.  Few weaks hands left to shake. $50 by mid Sept.

Sun, 08/21/2011 - 20:56 | 1584538 sherryw
sherryw's picture

I will go out on a limb and disagree about no more silver massacres. It will happen well after $50. Think psychology, think fishing. Lotsa new players got burnt May 1 and won't be back. But, lotsa newer players will enter as silver creeps higher and becomes mainstream news again, goes past $50 and keeps going, much higher. THEN another smackdown. Too soon for another smackdown now - gotta wait for more newbies to take the bait. 

Sun, 08/21/2011 - 21:55 | 1584708 IQ 145
IQ 145's picture

There is no "why"; there never has been a why. You can tell when you graduate from trading kindergarten when you realize that there is no why. It took me many, many years to learn this. This price chart is now expontential; which is "usually" not good. A reaction back to $40 is nowhere near impossible; it's not even unlikely.

Mon, 08/22/2011 - 02:27 | 1585122 ZeroPower
ZeroPower's picture

Yup.

But you cant argue with myopic people. "SILVER TO DA MOON!111!!1"

Tue, 08/23/2011 - 00:51 | 1589195 Bring the Gold
Bring the Gold's picture

I agree with you here. However, to claim that silver isn't money is ludicrous.

I don't see the PGM's taking out old highs. Rhodium, Platinum still WAYYYYY below their highs. Why? Well aside from the supply issues that lead to their huge peaks they are both technology metals and thus have suffered with the economy.

Silver has been remarkably strong in the face of documented manipulation, margin hikes etc. You are right Silver will be smacked down again...gold likely will as well although I'm less certain about that. You are wrong that silver is not money.

Sun, 08/21/2011 - 18:59 | 1584244 unky
unky's picture

I thought we will never see $40 silver again in april,  turned out to be different. I guess the EE will soon pull a few consecutive margin hikes in gold which will bring it down $300-$400 and also silver with it a little

Sun, 08/21/2011 - 19:04 | 1584261 devilsindetails
devilsindetails's picture

Well yea, silver BROKE $40.00 in april. thats like expecting silver never to go back below $50 in early may when it broke $50. Peaks and thoughs.

Sun, 08/21/2011 - 19:05 | 1584267 Long-John-Silver
Long-John-Silver's picture

That was a one trick pony. Anyone still trading metals after May not only expect them to happen but are prepared  for them. They can go to 100% pay to play and it will not effect the market at all. 5 rapid margin changes ended that game.

Tue, 08/23/2011 - 00:53 | 1589201 Bring the Gold
Bring the Gold's picture

It wouldn't be as effective for sure. The shock value is gone and probably many traders are more cautious. Plenty of fools still dabble in margin and would be forced to liquidate by margin calls. Never underestimate the stupidity that often goes hand in hand with greed.

Sun, 08/21/2011 - 19:13 | 1584290 gwar5
gwar5's picture

 

 

They'll do what they can, but it won't help. Their cupboards will soon be bare. Soon. Very soon.

Chavez may be an idiot, but he's no fool. He's started something that won't stop.

Sun, 08/21/2011 - 21:29 | 1584636 66Sexy
66Sexy's picture

people are losing faith in the system that supposed to protect them. Why? because of moves like "super congresses" and stealth legislation. Even governments cannot truust other governments, which means gold IS the worlds currency, bar none..

 

they want their fuckin gold...they want possesion.

Sun, 08/21/2011 - 19:17 | 1584303 Troll Magnet
Troll Magnet's picture

$300 to $400?  Promise?  I'd consider it a bargain if they can hammer the gold price down to $1,750.  I'd be buying like a mofo.  Physical, that is.

Sun, 08/21/2011 - 19:02 | 1584254 seek
seek's picture

I'm pretty sure -- unless there's some major delivery failure in the near term -- we'll see on last gasp whack-down on gold between now and the end of 2012 (maybe even end of 2011 lol), with a pretty high probability of a -$200 correction. It'll be on good news, margin calls, or whatever the manipulation de jour is. But that will be the end of it.

Silver, so manipulated I'd be shocked if we didn't see sub $40s in the next couple months again.

For both of them, the control is slipping away, and once it's done, zoom!

Sun, 08/21/2011 - 19:10 | 1584279 DosZap
DosZap's picture

Troll Magnet,

You will when the price is fixed by EO, and or confiscation EO is in place.

The System must go on......................

Silver will be slower, much slower moving (thank you,add to positions), this time, a LOT of folks got burned badly due to the last fast run up(Worldwide).

Indians are steering clear of it in droves, and the Gold price will be the catalyst that drags it higher.

Sun, 08/21/2011 - 19:44 | 1584383 Shut The Front Door
Shut The Front Door's picture

Uh huh, and we know the majority is always right...  Slower moving?  From $34 to now near $43?  Yeah, I'll take that kind of slower.  :)

Sun, 08/21/2011 - 19:44 | 1584381 FLIP THAT BOND
FLIP THAT BOND's picture

In a few months everyone will be saying, "we'll never see $150 silver again."

Sun, 08/21/2011 - 19:56 | 1584421 WmMcK
WmMcK's picture

And in a few years, "we'll never see silver (or other precious metals on sale for fiat) again."

Sun, 08/21/2011 - 18:55 | 1584228 JLee2027
JLee2027's picture

The COMEX will soon feel like Gadhafi

Sun, 08/21/2011 - 18:57 | 1584232 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Ah yes, silver......

Sun, 08/21/2011 - 18:57 | 1584233 devilsindetails
devilsindetails's picture

Silver who??

Sun, 08/21/2011 - 19:00 | 1584247 devilsindetails
devilsindetails's picture

SILVER $500.00 BITCHEZZZ.

Sun, 08/21/2011 - 19:46 | 1584387 Shut The Front Door
Shut The Front Door's picture

Yeah, I'm optimistic but damn...  What do you base that on?

Sun, 08/21/2011 - 20:41 | 1584522 ManOfBliss
ManOfBliss's picture

>> What do you base that on?

Are you kidding? 500usd sillver is fucking LOW.

Try FIVE THOUSAND DOLLAR SILVER - OR HIGHER!

Sun, 08/21/2011 - 21:06 | 1584579 Shut The Front Door
Shut The Front Door's picture

Okay; I believe that would be called "free-basing".  Damn...  But I like the way you think!

Sun, 08/21/2011 - 21:29 | 1584639 cpnscarlet
cpnscarlet's picture

Ill have what he's having.

Sun, 08/21/2011 - 21:58 | 1584718 IQ 145
IQ 145's picture

Supply and Demand. It'll take a few years; I think.

Mon, 08/22/2011 - 09:10 | 1585549 rich_wicks
rich_wicks's picture

You want to see my predictions?

Why I think silver is doing to $350 easily, and gold to $9000

But maybe it won't.  Time will tell.

HIstory is a good guide.  You can measure one commodity against another, but you can't measure against money.  I'm measuring against the commodity of US government debt.  Perhaps tough, this time, US debt will simply go into default.

Do NOT follow this link or you will be banned from the site!