SILVER - WAS $31-$49, WAS $33-$43, NOW $44+

[beauanderos]

Orient Al is a big hoarder

[neilgin1]

Orient Al is a big hoarder

Ray, we gotta go to a meeting tonight, our lives are becoming unmanagable.

serious, i like this up move a lot, dont you? The mkt's not doing it so frenetic and zippy this time. From 33 to here, 43.62 as of this writing, it seems more sedate and inexorable. i know there will be games played, the higher the price, but i rather welcome that tomfoolery.

it seems to me, these large combines that suppress prices, will one day, flip and start to seriously go long. They might be craven fools, but they are not stupid. I think on that day, or time period, they will raise margins and buy the offerings of the weak hands selling, and just rocket the price upward, these boys hate to lose.
Hows that tenth ag look?...you get it yet?...i was looking at the deadened leaves of a shagbark hickory, this was a tree felled two weeks ago, and i allow the branches to "wick" out the sap, and the leaves have this glorious bronze color, metallic bronze, almost like that color copper lincoln gets when its clean and old, it was beautiful, and then when you crush the leaves, its a beautiful strong scent, as they gradually turn dark purple.
anyway, i sure would like to own gold, tenths, but i cant "afford" it, meaning the ratio, 42/1, stays my hand.
this move up is for real, meaning we punch 50, neil

later add: when i finished this post, we're at 43.26 basis Dec, the funny thing is Sep is a titch over, rather unusual, wouldnt you say?

[beauanderos]

They just smashed the price by $1.30! Oh well, every time they do that they expend ammunition, and they will run out at some point.

[slickeast]

The silver bullies are in town. Question is, how tough are they?

[Oakair]

The silver bullies are in town. Question is, how tough are they?

Not tough enough...

At least on that first attempt...quick rebound

[Country]

$44 REGAINED!!! COULD $50 BE THAT FAR AWAY NOW?

[uthminsta]

Down almost $2 from that last post. Well? What caused that?

I'm looking for the right time to sell a portion of my silver to buy gold... I'm gonna start a thread to ask that, so I don't distract from this thread.

It's just... I hate that every time silver begins to approach what it should be, they "change the rules." So to speak.

[Market Harmony]

SILVER has been under quiet accumulation all the while GOLD was getting up a head of steam. I think we're going much higher here as this time period is known to be the beginning of very large upward moves in SILVER. Assuming the bottom for SILVER was $33, one could expect another of the SILVER gigantic moves higher to start now and continue into the end of the year. Unlike GOLD, SILVER is not overbought by any means. If the move higher is similar to previous breakouts, which is confirmed now by closing higher than the $42 resistence level (formerly where we really broke down before from the high $40s), you could expect a 80% move higher from $33 to reach a plateau around $60-$70. You would see some sort of a retrenchment at that level.

You're right!

Technical resistance broken Friday morning... no major selling at the resistance. This is PROVEN by the end of day run-up in Silver. If anyone is willing to take the bet by Sun, 16:00 EST, I'll put up a silver half dollar that we cross over $45 next week.

When an asset is under accumulation, you will see weakness draw in skeptics, and then just as they finish establishing their short positions, the real buyers step in and run them over. As price continues to climb, the shorts realize their losses and get out at any price before the asset trading market is closed... Works on a daily and weekly scale.

For the week of Aug 22-26, I think we will see some early strength on Monday, followed by a price downdraft on Tuesday, and then real buying starting on Wednesday and lasting into Friday. Friday will be short covering day and could see the price explode higher... who would want to short silver over the weekend?

Of course, I may be totally wrong, and silver could explode higher on Monday.

MANY NEGATIVE NANCY'S WILL GET RUN DOWN AND STOMPED ON BY THE UPCOMING MOVE IN SILVER... $75 BY THE END OF 2011 IS NOT OUT OF THE REALM OF POSSIBILITIES:

These post are public so that all may benefit.

[uthminsta]

Was that a response to me?

[Oakair]

and we're back to 43!!

Nice run up overnight

(wow...0 new jobs added might have something to do with it )

[avidbrandy]

This is my first post in this thread. I just want to feel like I'm contributing something since it's 38 PAGES!

Yea I think it's the US jobs and also I believe, the 9th? of September is the deadline for greece right now. or is it the 7th?

[68Camaro]

Well Europe sold off today, down average about about 4%, so Neil's prediction (I think he noted this but I've lost the thread) of the Dow 500 down Tuesday may be very near spot on.

I think they might try to short PMs again after European market close, before Asian markets open and things try to skyrocket tomorrow, to try to control it.

[68Camaro]

Well Europe sold off today, down average about about 4%, so Neil's prediction (I think he noted this but I've lost the thread) of the Dow 500 down Tuesday may be very near spot on.

I think they might try to short PMs again after European market close, before Asian markets open and things try to skyrocket tomorrow, to try to control it.

Markets didn't reopen until later, but holy cow - they did try another (early Monday morning, then again early Tuesday morning) larger short play! Drove silver down $2 and gold by $90! For all of a a few minutes.

Gold rebounded almost instantly (though bounced back and forth a bit to settle slightly down and then start to climb back on the rest). Still essentially at $1900 and ready to climb more.

Silver very much the same, though they've been a bit more successful in work the price down slightly - but all there efforts have gotten them only 80 cents in temporary drop. Has held $42 and ready to start climbing again.

This has got to be getting TPTB working the shorts to control the price very worried! The major cyclic behavior may be nearing an end if the cannot control it - glad I bought back in large at this last drop.

[68Camaro]

They actually tried it one more time, after I wrote the above, and the take-down failed again! Now Gold is above Friday close, and silver is coming up right behind it.

[Mossy]

Was there actually enough time at the bottom of that spike for it to manipulation and not some sort of computer trading generated fluke?

[Mossy]

Zero hedge has something on that down spike:

http://www.zerohedge.com/news/swiss-fra ... e-currency

That removes the Swiss franc as a safe currency.

[shinnosuke]

Zero hedge has something on that down spike:

http://www.zerohedge.com/news/swiss-fra ... e-currency

That removes the Swiss franc as a safe currency.

One interesting comment followed that article:
The swiss don't have enough cash or a large enough economy to buy unlimited Euros.

Ding! We have a winner. Yes, the Swiss cannot carry on indefinitely with their stated intentions. It seems every country is committing suicide to kick the can. Hmm, either they have all gone crazy at the same time, or maybe, just maybe, they know the current system will be a memory soon and the fiat squandered kicking the can won't matter?

Now what are they all doing besides kicking the can? Hint: It's shiny, it's traditional, and you can't eat it.

[68Camaro]

There is yet another take-down attempt event going on. I'm seeing this almost as a sign of desperation. They are pulling out all the stops in an attempt to keep gold below 1900. Very interesting to watch.

[shinnosuke]

There is yet another take-down attempt event going on. I'm seeing this almost as a sign of desperation. They are pulling out all the stops in an attempt to keep gold below 1900. Very interesting to watch.

According to Kitco though, 3/4ths of the drop (at this moment) is due to US$ strengthening vis a vis gold...as if THAT makes any sense at all! I guess if we're saying that the vaulted Swiss Franc is not worth as much as we thought, the dollar will pick up some flight-to-safety goodness.

[68Camaro]

There is yet another take-down attempt event going on. I'm seeing this almost as a sign of desperation. They are pulling out all the stops in an attempt to keep gold below 1900. Very interesting to watch.

According to Kitco though, 3/4ths of the drop (at this moment) is due to US$ strengthening vis a vis gold...as if THAT makes any sense at all! I guess if we're saying that the vaulted Swiss Franc is not worth as much as we thought, the dollar will pick up some flight-to-safety goodness.

That makes no sense (not that I expect Kitco to provide accurate commentary). The change in the USD is a percent or two and all still (at this time) within the trading band its been within for months. The changes in PMs are several times that.

Edit - more to the point, the big changes in PM price do not correlate to the timing changes in the USD. The PM prices are moving widely up and down within hours. The USD is just steadily climbing over days as the Euro and others weaken (more than the USD).

[shinnosuke]

There is yet another take-down attempt event going on. I'm seeing this almost as a sign of desperation. They are pulling out all the stops in an attempt to keep gold below 1900. Very interesting to watch.

According to Kitco though, 3/4ths of the drop (at this moment) is due to US$ strengthening vis a vis gold...as if THAT makes any sense at all! I guess if we're saying that the vaulted Swiss Franc is not worth as much as we thought, the dollar will pick up some flight-to-safety goodness.

That makes no sense (not that I expect Kitco to provide accurate commentary). The change in the USD is a percent or two and all still (at this time) within the trading band its been within for months. The changes in PMs are several times that.

Edit - more to the point, the big changes in PM price do not correlate to the timing changes in the USD. The PM prices are moving widely up and down within hours. The USD is just steadily climbing over days as the Euro and others weaken (more than the USD).

Good analysis. Who taught you to read between the lines like that?

[Cu Penny Hoarder]

I know my handle is Cu hoarder, but I have been buying Ag and Au for the last 10 years.

There are a few more CME margin increases coming for silver (and gold) in the future. There will be plenty more buying opportunities. If you have the green rectangles available... everytime it drops a couple dollars, just buy some more, put it away somewhere safe and forget about it. When Ag hits $300-500/oz, you're patience will have paid off. Hopefully, it won't be a Mad Max world by then.

[henrysmedford]

Trend up?

[kiwiman]

Maybe I'm alone here but i think that this should be made into a sticky for discussing sizable dips and rises.

[Thogey]

Looks like Hong Kong doesn't like silver.