Silver

[King Of Budz]

thanks strawboss i definitely see a lot of buys as well, loaded up on some cde

[krugger3]

Lots of good info on Silver, I found on another site:
http://www.silverinstitute.org/production.php

[Gcubed]

Lots of good info on Silver, I found on another site:
http://www.silverinstitute.org/production.php

Good Find! :2: Rather convincing evidence that we aren't facing a silver shortage. Poor Butler. :banana:

[StateofJefferson]

Lots of negative energy all around. But then I look at some reality. My single largest holding outside of "the real thing" is SLW. PM stocks are getting pounded aren't they? Well this quality royalty company is trading at the end of the week at $19.32 USD. Up 160% over the past 12 months.

I subscribe to www.buillion-master.com. I had a good position in this stock but the Strawboss recommendation convinced me to add to this holding a while ago. This is a quality stock acting like a junior PM stock running wild.

[King Of Budz]

Lots of negative energy all around. But then I look at some reality. My single largest holding outside of "the real thing" is SLW. PM stocks are getting pounded aren't they? Well this quality royalty company is trading at the end of the week at $19.32 USD. Up 160% over the past 12 months.

I subscribe to www.buillion-master.com. I had a good position in this stock but the Strawboss recommendation convinced me to add to this holding a while ago. This is a quality stock acting like a junior PM stock running wild.

it's almost as if SLW acts as a leveraged silver etf, there aren't many stocks out there you can say brought those kind of gains its just unreal

[Gcubed]

it's almost as if SLW acts as a leveraged silver etf, there aren't many stocks out there you can say brought those kind of gains its just unreal

SLW is for all practical purposes, a scrap dealer. Scrap dealers buy below spot and turn inventory. Cash4Gold also works a big margin. Don't confuse SLW with a miner. Miners must actually produce "primary" metals. Dealers do not carry that burden.

'cubed

[Strawboss]

Its been a hectic week. We are moving to the Virginia suburbs of DC - house is all packed up (mostly), cant find anything - the wife and kids have already left to go there, I am waiting on the moving company to arrive on Friday...

2729

Silver is looking pretty good technically but the shares are acting very lethargic as a group. The RSI, MACD and Stochastic are all favorable. We need to see silver push up and through $19 to begin to assert itself.

Here is the link to this weeks report on the silver mining complex.

http://bullion-master.com/the-silver-mining_report-7.14-.10.pdf

[AgAuGal]

hope the move goes well. From MI to near DC, interesting move. Have family in Ferndale, Troy, Rochester, they say it is very bad economically.

[Hystckndle]

@ Strawboss:

Travel safely friend.
Good thoughts sent your way.
Regards,
Haystackneedle

[Anakin]

Silver Heading for Price Crash to $9

There is quite a bit written about silver being manipulated. If there is any manipulation taking place it appears that Mother Nature is doing the manipulating. As the saying goes, “Don’t mess with Mother Nature.” I suggest we follow her lead. That means one more decline to below $8.40 an ounce.

“A five-wave impulse (whose subwaves are denoted by numbers) is followed by a three-wave correction (whose subwaves are denoted by letters) to form a complete cycle of eight waves.” E.W.P.

http://www.marketoracle.co.uk/images/2010/Jul/silver12_image004.jpg

http://www.marketoracle.co.uk/images/2010/Jul/silver12_image006.jpg
--Ron Rosen
http://www.marketoracle.co.uk/images/delta_image003.gif

http://www.marketoracle.co.uk/Article21025.html

[Strawboss]

Sprott Hopes to Launch Silver Bullion Fund

http://www.tickerspy.com/newswire/?p=2701

Earlier this year, commodity hedge fund manager Eric Sprott broke the mold for exchange-traded commodity plays with his Sprott Physical Gold Trust ETV (PHYS), which allows investors to exchange their stake for bullion bars on a monthly basis. MarketWatch notes that investors have paid up to a 10% premium for the option. According to Dow Jones, the Canadian precious metals bull plans to follow up the success of his gold fund with the Sprott Physical Silver Trust, which he hopes to list on the TSX and NYSE.

While Sprott is most often noted for his bullish stance on the yellow metal, a look at Sprott Asset Management’s top-15 U.S.-listed equity holdings from the latest 13F filings shows that amid bets on Barrick Gold (ABX), Yamana Gold (AUY), and Eldorado Gold Corporation (EGO) he had large positions in Silver Wheaton (SLW) and MAG Silver (MVG).

Silvercorp Metals Inc (SVM) and Endeavour Silver (EXK) are both among the top performers in the Gold and Silver Stocks Index over the past week, gaining more than 4%. Meanwhile, the iShares Silver Trust (SLV) has outperformed the massive SPDR Gold Trust (GLD) for the period.

Assuming the Sprott Physical Silver Trust maintains a similar structure to the gold fund, it will be interesting to see what type of premium investors are willing to pay for the option to exchange their stake for bullion instead of cash. Given the pricing disparity between the metals, it will take a much smaller investment in the silver fund to add up to the value of a bullion bar.

If the planned IPO comes to fruition, it will be interesting to see whether the silver trust breaks into Sprott’s largest disclosed equity holdings, and whether it measures up to his stake in the gold trust he launched earlier this year.

Pro portfolio performance is based on institutions’ top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

[kiwi_envoy]

It is absolutely great news that Sprott is setting up this Silver Trust.

Just for starters it will take REAL physical out of the manipulate SLV players hands as some investment demand heads to a real physical Silver trust.

Most folks that have not been living under a rock know that SLV is the banksters plaything to divert real investment demand away from physical silver.

Sprott is a real hero of the times, fighting the banksters on the front foot.

I will try and buy into this fund if the time is right for my investments.

Hey Strawboss are you at your new digs yet?

Take a picture of the local area if you can, would love to see what summer looks like in the northern Hemisphere.

[kiwi_envoy]

Anakin, Rosin has been calling for silver and gold to crash since about April of 2009.

The only thing he keeps changing are the dates when the metals are expected to crash.

I would be very surprised if he has any paid subscribers left after he ousted all of the critical thinkers from his site.

One day he might be right....maybe....one day.

[StateofJefferson]

Hey Strawboss, good luck with your move, it is always stressful. Just love the wife, love the kids and love yourself and you will get through it. Thanks for all your contribution.

[Strawboss]

Have we seen the bottom of this correction?

http://i1000.photobucket.com/albums/af126/Strawboss_2009/silver72110.png

[Strawboss]

We are unpacking at our new place and its been a very hectic week.

Here is the link to this weeks report for select silver miners.

http://www.bullion-master.com/the-silver-mining_report-7.21.10.pdf

[Strawboss]

http://i1000.photobucket.com/albums/af126/Strawboss_2009/silver72710.jpg

.........................

[d-lod]

Strawboss

Enjoy the exciting time of new place - Atune yourself to its CHI. Your silver has more resilience than gold on chart.

[Strawboss]

http://i1000.photobucket.com/albums/af126/Strawboss_2009/silver72810.jpg

........................

[Strawboss]

Here is the link to this weeks report.

http://www.bullion-master.com/the-silver-mining_report-7.28-10.pdf

[Strawboss]

Lets see if the bottom can hold for silver...

http://i1000.photobucket.com/albums/af126/Strawboss_2009/silver72910.jpg

[Strawboss]

An impressive performance by silver today - especially considering that gold acted like...it was manipulated or something...

Ted Butler thinks that JPM is frantically trying to cover their shorts in silver as they have gotten the message from Chilton et al over at the CFTC that the game is up and that there are going to be position limits that are enforced with the threat of (gulp) prison sentences.

I reckon that JPM, in order to get their position down to a reasonable 8% of the market are going to have to close out somewhere in the neighborhood of 200-240 million ounces of silver shorts by the end of this year. I dont know what the price will go to in order to enable them to do this - but, I do know its going to be a hell of a lot higher than it is now.

It is probably reasonable that they will apply for, and probably be granted - an extension once the position limits are finalized. But, if you take Chilton at his word - and I do - those limits are going to be enforced. JPM will be forced to cover a hell of a lot of shorts - and this buying pressure will be in addition to the "normal" 800 million ounces a year of buying that normally occurs.

That works out to about a billion ounces of buying pressure against approx. 600 million ounces of supply. That would mean that prices have to rise sufficiently to enable another 400 million ounces to be proffered up by "the market".

Ok - that is the bullish argument.

Here is the bearish one (at least in the short term).

The mining stocks arent confirming this. Actually, the stocks are saying that there is more downside to come.

Lets hope I am right and the market (miners) are wrong. That would be a nice change...

3039

[Weatherman]

Straw, It is good to keep in mind that there are no position limits on naked shorts of mining stocks. Dumping naked shorts onto the mining stocks could be JPM's way to keep negative pressure on the PM market as they try to buy back their silver paper shorts. However, that game plan would have a fatal flaw. The miners will report good earnings soon, and then great earnings at higher silver prices, and earnings will drive the stock prices. The naked shorts of silver miner stocks could be as expensive as covering their silver paper shorts. JPM could be jumping out of the silver frying pan, and into the fire. :biggrin:

[jbilprophet123]

Nah no such thing. When the general markets are going up who want to be in risky mining stocks?
So they sold miners and bght mainstream sane stocks today :)

this is really cool if market down big and gold positive mining stocks go down big and silver stocks twice as much.
Today market up big and silver up big and they dont go up in sympathy of gold stocks which did not go up becasue lol..

Anyway downside at this point seems minimal in these miner stocks, unless ofcourse gold bull is over.
Explosion will come and some real safe folks can at this point protect miners with puts on gold.

As far as i am concerned Silver atleast 25 gold atleast 1350 in next six months is happening..
if not 1650..

[DHAWK]

Strawboss,
Thought I would post this on your thread.
I like looking at this chartt tonight and think maybe need to buy here.
Silver can break out here soon or go to $15?


3050

[Weatherman]

On Jim Sinclair today, Eric posted a note about the now dropping gold silver ratio. Eric seems to think that portends higher inflation and a new wave of currency debasements. I see a much simpler reason. Silver is strengthening more than gold because silver has been undervalued due to the consistent manipulation from JPM and other banksters. I hope that silver gaining strength is a sign that the bankster cockroaches are scurrying for cover from the approaching daylight of free trading.

3051

[ME Co.]

I would love to see the ratio drop more. I almost swapped out $500FV 90% for 5oz gold fracs a few weeks ago to lighten the load but I figured it would be much better to wait and see ifn I can get more. The lower it goes the ichier I get- lookin for 50:1 but don't know if I can wait that long.
HH all, Mark

[4dabopper]

Aug 3 2010 9:43PM NY Time
Bid/Ask 18.54 18.60
Low/High 18.29 18.64
Change +0.17 +0.93%
30DayChg +0.67 +3.75%
1YearChg +4.33 +30.47%

:banana::banana::banana:

Great Quote!!!
Life is a coin, you can spend it any way you want but you can only spend it once.

[Strawboss]

JPM is going to have to blow up this chart... they have sooo much silver they need to buy.

I wonder how long before we start seeing Cash4Silver commercials on TV...

http://i1000.photobucket.com/albums/af126/Strawboss_2009/silver8410.jpg

[Strawboss]

Hey - My 400th post on GIM2...

The mining stocks as a group are not yet convinced that the downside in silver is completed. None of them has an RSI above 60, which as you know indicates a downtrending market - or at best a market that is consolidating sideways. We might see some short term weakness, so, be prepared. My suggestion is to simply ride through any downside in price and if anything, use the dips to accumulate - just like the banks do.

The biggest frustration I have doing these reports for you is that I only do them weekly and as such, I miss many of the signals that would be better entries/exits. I try to mitigate that by giving advance instructions - such as "buy when the stochastic crosses up" or "buy a rising bar on the MACD", but, that is an inexact science.

I wish there were more hours in the day - if there were, I would give much better buy/sell signals.

Not to worry though - with where this market is going, what has transpired over the past few months will be but a blip when viewed in hindsight.

Here is the link to this weeks report http://www.bullion-master.com/the-silver-mining_report-8-4-10.pdf