over 36 a ounce!

[lance]

Cha ching!

[beauanderos]

We've repeatedly seen the price pulled down... far too many times, after a nice run-up... to get excited anymore. That said, if silver remains in an uptrend beyond tomorrow, then things could get interesting. It is expected that da boyz will enter the market and intervene to crush prices either today or tomorrow, so as to shake loose those determined to take March delivery on COMEX. If they don't, or buyers prevail, you could see a very nice surge on Thursday.

[beauanderos]

Watch what happens in the next five or ten minutes to get an idea of when they will make their move.

[Cu Later]

y r "they" expected today or tomorrow? details please.

[Cu Later]

political news, graphs/numbers, or both?

[rexmerdinus]

It is expected that da boyz will enter the market and intervene to crush prices either today or tomorrow, so as to shake loose those determined to take March delivery on COMEX. If they don't, or buyers prevail, you could see a very nice surge on Thursday.

Either one is fine with me! I'm still a buyer when I've got the FRN's, so the lower the price the better in my book. Then again, I've got a baby due in May, so I'm probably not a buyer of much for a while! And a nice run-up might prove to my wife that I'm not completely crazy. Just mostly.

[nero12345]

Jesh $36.37. I bought as much as I could at $29 but it never seems enough on the upswing, and too much on the downward plunge LOL. Keep stackin boys the rides getting good.

[68Camaro]

I briefly commented on this in my market thread. I believe this is the real deal. The shorts are shorting like crazy, and there is someone (a Mr. Big) out there that is blowing them off. I've got the short positions as a function of week for this year (on another computer) and the shorts have been ramping up every week, trying to control, and the price is still going up no matter what they do.

[Delawhere Jack]

The European Central Bank just began excepting bids from member banks thoughout Europe for an LTRO, (long term repurchase option). Essentially what this means is that banks can sell offload assets to the CB for a three year period. The banks will onload a lot of junk for freshly minted cash at a very low rate. No official word on the size of this monetization, but estimates are in the 400-500 Billion Euro range.

Short story, more money printing.

[Lemon Thrower]

3.5% move in silver so far, vs less than 1% in gold. GSR is dropping hard.

[uthminsta]

Oh oh.... just touched 37. This is too fast! There's gonna be too much attention at this rate! I would much prefer it go up about a dollar a week, so it looks more "steady" or "healthy." I'm not a market analyst by any means, but that just seems like... too much too soon.

...Although I do feel better about the 1oz Canadian Silver Maple I bought yesterday for $38. That premium is getting eaten up quickly today.

[AlexTG]

Oh oh.... just touched 37. This is too fast! There's gonna be too much attention at this rate! I would much prefer it go up about a dollar a week, so it looks more "steady" or "healthy." I'm not a market analyst by any means, but that just seems like... too much too soon.

...Although I do feel better about the 1oz Canadian Silver Maple I bought yesterday for $38. That premium is getting eaten up quickly today.

I agree, this is to fast and will be cause for a pull back at some point. However don't worry about the attention. Turned on CNBC, and looked through Yahoo. Can't find any news about Silver, it's all about the amazing run that Apple has bad since the first of January, up over 33%. Strange, silver has done the same thing... and today has gone up even more. I wonder if they just don't want to talk about non-paper assets.

[uthminsta]

Paper's the future!!!

[beauanderos]

This is one occasion when I'm delighted to be wrong (for the moment). Happy Birthday to me!!

This is turning into being a short-covering rally. If they throw in the towel (shorts capitulate) don't be surprised to see $38 today. I still think we're going to see some desperation moves on their part, maybe reinstatement of that recently revoked margin by CME... but it sure is fun to watch

[slvrbck]

You always here about the margin hikes but when they pull them back down I always miss the news. Where do u guys stay up to date on this stuff?

[lance]

How does the government manipulate the actual price of silver? In terms of going in and regulating the price? Im new to this and just dont see how its legal or why they do thay?

[Neckro]

How does the government manipulate the actual price of silver? In terms of going in and regulating the price? Im new to this and just dont see how its legal or why they do thay?

Cute, you put legal and government together, Haha. You should know they are above the law.

[lance]

How does the government manipulate the actual price of silver? In terms of going in and regulating the price? Im new to this and just dont see how its legal or why they do thay?

Cute, you put legal and government together, Haha. You should know they are above the law.

Truth...but im still looking for a solid explanation

[slickeast]

http://finance.yahoo.com/blogs/breakout ... 44327.html

[aloneibreak]

Either one is fine with me! I'm still a buyer when I've got the FRN's, so the lower the price the better in my book. Then again, I've got a baby due in May, so I'm probably not a buyer of much for a while! And a nice run-up might prove to my wife that I'm not completely crazy. Just mostly.

i hear ya

ive got a baby due in 5 weeks and tax time is right around the corner as well

im gonna have to take some profits here shortly - i'm putting it off as long as possible - i see no reason for a big drop - only increases

[Chief]

$37, wow!

[68Camaro]

How does the government manipulate the actual price of silver? In terms of going in and regulating the price? Im new to this and just dont see how its legal or why they do thay?

Ignoring the legality of it, without a lot of concrete proof, and despite doubters of this, there are many that believe that major financial institutions are acting on behalf of and/or with the blessing and/or encouragement of the Federal Reserve by shorting precious metals that are in danger of competing with fiat paper money - this to keep the price lower than it might otherwise be, slowing down the train, helping to kick the financial ruin can down the road a bit longer while they juggle every larger balls in the air (to mix metaphors). These institutions are associated with or arms of the banks that are members of the Fed. They effectively are funded by the Fed, so there is a sense in which they have very deep pockets since the Fed can just "print" money with the flick of a digit in a spreadsheet. With no real sense of "loss" in the market (since the Fed can just print more) they can affect the price by the way the offer futures contracts - which is on physical product that they don't have, but they don't care that they don't have it. Many times they don't lose at all, and they can even profit from it - but if they get caught out in a storm there isn't necessarily a real loss to them - just a need to cover-up the paper loss somehow on the books, and sometimes to strong-arm people into accepting cash profit in lieu of delivery of physical product. There are many discussions on this topic both here and elsewhere.

[nero12345]

How does the government manipulate the actual price of silver? In terms of going in and regulating the price? Im new to this and just dont see how its legal or why they do thay?

Cute, you put legal and government together, Haha. You should know they are above the law.

Truth...but im still looking for a solid explanation

hard to find these days. i believe 68camaro taps on a bit of whats going on for sure, but he's right, proof is a hard thing to find in a very corrupt system.

[Nacinator]

$36.96 an OZ per Kitco

NICE!!!!!!!!!!!!!!!!!!!!!!

[kidman232]

look at the roaches run