Silver price watch

Give him time...

 

Hope that

 

Thanks for the input and welcome to the board.

 

since Bernacke just announced another 2 years of zero inflation then 100 silver is an almost certainty over that time period

 

Please repeat that Post every ten days .
It will make me feel much happier and bring a permanent smile to my face .

 

actually I said it wrong in my post.....I meant that bernacke announced zero interest rates through the end of 2014....anybody that does not own gold and silver is going to be very sorry come 2014

 

I know , but I could see you were pleased and I knew what you meant .
I was thinking of writing a Post along the lines of , "Mad Ben has actually cracked it and he will be presenting his zero inflation model to all the baby Bens in Davos tomorrow"

 

uncle Ben wants to be santa claus....giving dollars to everyone he meets lol!

 

Silver finished out yesterday at over $34 for the first time since mid-Nov..

http://silverprice.org/silver-price-history.html


It is up about 25% from the late December lows.


Is this a strong fundamentals rally?

Or just a 'no bad news is good news' rally?

Or is it something else?


I don't know.

Anyone?

 

You know my opinion --- up 55% in my portfolio with leverage .
I don't know what short term effect any so called EU measures will produce as they come out of Davos or EU summits .
But I do know that whatever they come up with , it will not prevent Italy and Spain defaulting in real terms . And no amount of an imaginary ring fence will stop creeping contagion .
Once that is seen , the road to at least 1900 is wide open . It will get there fast imho
As I write , we are cracking along nicely with Gold at almost 1762 and Silver at 34.33
I will be very happy if we close tonight at about these points .

 

Silver closed out the week at $33.62/oz..

That's down $0.24 (under 1%) for the week.

http://silverprice.org/silver-price-history.html

 

would be nice to start seeing silver closing above 60 dollars per ounce LOL

 

Now , now .
Don't let your eyes grow too big and want the better part of a year's benefit in an instant .
That's how Mister Greedys are created !!
They then go on to become Bankers and Hedge Fun Managers --- nasty , nasty

 

I am willing to bet that it will climb to 60 dollars and beyond...the only question is when!

 

Silver closed out the week at $33.51/oz..

That's down $0.11 (barely budged) for the week.

http://silverprice.org/silver-price-history.html

 

So for the last two weeks now, silver has barely moved (by silver standards).

 

I am hoping this year. But when silver gets close to 50 I am going to have a hair trigger.

I am believer but I was beaten up last year.

I hope the position limits at the CME will help. We'll see.

 

well hard to say if it will be this year as alot depends on what happens in europe......if many countries default then thats deflationary. On the otherhand if the EU bails everybody out then thats inflationary so there is a tug of war between the two!

 

http://www.youtube.com/watch?feature=player_embedded&v=c7HTCU4-k6o#



So this guy is saying new record high for silver by 2013!?!

That seems too optimistic to me...though I am NO expert.

But I hope he is right (Max Keiser - who I respect quite a bit - is high on this guy, btw).

 

I like Morgan. He and Ted Butler are pretty good. Eric Sprott, John Embry are Silver Gurus also. I like Ted Butler because he goes after JPMorgan and shady crap they play in the futures markets.

I hope this year we take out $50. Who knows. The only knock on silver is annually 49% of the silver mined is set aside for industry so this is a good and a bad thing. When the big hedge funds treat it like a commodity and not Golds little brother it can suck. 2008 and last year but last year wasn't that bad a 5% loss. If we hit a bad deflationary situation (see baltic dry index) it can be affected. But I personally think its a double play investment and a good one.

 

What does 'double play' mean?

You mean like 'calls' and 'puts'?


And i agree that the industrial side of things does worry me a bit about silver.

However, it seems there are some things that absolutely cannot do without silver - so that bodes well for long term.

Though, if Bernanke ever says 'time to raise rates significantly'...my silver goes 'bye bye'.

 

So far silver is the hottest play of 2012.

 

I'm guessing he's talking about the volatility. Over the last week for example the price has traded twice within the range of a dollar and has moved up and down 50c several times. Usually seems to me to be when the US market opens. Stinks of manipulation.

 

Historically this was very much the case and still might be on a reduced scale even now . JP Morgan are deemed to be the greatest sinners .
So , if you can't beat them , play along with them .
It does mean that either you constantly Buy and Sell with limit prices or sit glued to a separate computer eighteen hours a day and with holdings in different time zones so that you can act instantly .
Gets complicated .
But , let's say that next week the Greeks scam the EZ and agree a second Bail Out package along with the US producing some more fake recovery figures . Then , Sell , guessing present price, say 33.50 , will drop to 31.00 or lower . And buy back as appropriate .
Depends how greedy you are , the level of risk you are prepared to work with and the strength of belief you have to call it right at least 70% of the time .
It's an extreme sport . I love it , except when I take a beating .

 

Silver closed out the week at $33.25/oz..

That's down $0.26 for the week.

http://silverprice.org/silver-price-history.html