Silver

[Zed]

I'll back you, but only if you'll have Joe as your Chief of Staff.:haha:

Char lady and its a deal!

[Zed]

... fur wild eyed silver bulls :biggrin:

http://www.netcastdaily.com/broadcast/fsn2011-0727-2.mp3

http://www.netcastdaily.com/broadcast/fsn2011-0727-1.mp3

http://www.netcastdaily.com/broadcast/fsn2011-0728-1.mp3

[silverwood]

Zed, you can add this video to your collection...http://watch.bnn.ca/#clip508518

[jbilprophet123]

I am going 100% long with AGQ and small size in miners!! If i went through 2008 with all long pos, and many like me were caught with big time surprise. This time around all i see is all bulls on sidelines to see if repeat happens.
Watching closly USD does not seem to be having any strength at all with all Fear but is weakening.
Was not this the event and time we were all super bulls of gold and silver?
Yes Ofcourse!!
And we were all slaughtered in 2008. And yes all know that and fear that to be on sideline.
All bulls and trader reports and bulletine boards max sideline %, and max fear has resulted in what with sideliners?
Day after day of POG new highs.

Interesting while i promised i will never be caught in 2008 if it happened again.
It will be eqaully foolish to be on the sidelines if the spike of 100$ day was to happen.

So i jump all in the ocean of turmoil.

God Bless America!! and for the gift!!

Well it is like with recent 15% gain of last two trade in if i loose it all and another 5% more i wont mind if for no
other reason than for the sake of thrill :)

Cause the Prophet knows 10% up in a day or two is coming this week in silver price!!

[Oldmansmith]

Good for you prophet, I am 100% gold and silver coins, **** the miners. Good luck!

[bemac]

Good for you prophet, I am 100% gold and silver coins, **** the miners. Good luck!

Exactly. Real assets that are not a liability on anyone else's balance sheet.

[Strawboss]

I couldnt decide what silver/gold were going to do over the next few days so I loaded up on DXD instead. I figure the chance of a settlement by Monday is pretty much nil. I am actually surprised that the markets have held up as well as they have so far - I think most people are still assuming that they will strike a deal. I dont think so. The Tea Party isnt budging. Obama isnt going to budge either.

I know that Obama is going to extend the debt ceiling by Executive Order on Tuesday at 11:59pm. This of course assumes that there is no deal in place by then. This decision has already been made. I cant tell you how I know, but, if what I am saying actually comes to pass - you can evaluate the effectiveness of my information at that point.

I will be publishing my report this weekend and will share it on this thread. It will be the most important once that I have done thus far. Fortunes are going to be made in the coming months - if you are positioned properly.

[southfork]

I am going 100% long with AGQ and small size in miners!! If i went through 2008 with all long pos, and many like me were caught with big time surprise. This time around all i see is all bulls on sidelines to see if repeat happens.
Watching closly USD does not seem to be having any strength at all with all Fear but is weakening.
Was not this the event and time we were all super bulls of gold and silver?
Yes Ofcourse!!
And we were all slaughtered in 2008. And yes all know that and fear that to be on sideline.
All bulls and trader reports and bulletine boards max sideline %, and max fear has resulted in what with sideliners?
Day after day of POG new highs.

Interesting while i promised i will never be caught in 2008 if it happened again.
It will be eqaully foolish to be on the sidelines if the spike of 100$ day was to happen.

So i jump all in the ocean of turmoil.

God Bless America!! and for the gift!!

Well it is like with recent 15% gain of last two trade in if i loose it all and another 5% more i wont mind if for no
other reason than for the sake of thrill :)

Cause the Prophet knows 10% up in a day or two is coming this week in silver price!!

Yea As we walk through the valley of the shadow of death we shall fear no evil
For we have the Righteousness of silver at our side.

[Never Weaken]

I am definitely awaiting what you are publishing this weekend. If you're right about the executive order, impeachment proceedings need to start on Wednesday.

[Strawboss]

While it is looking like there will be some sort of BS deal as it relates to the debt ceiling, I wouldnt count on it until it is official. I am currently heavily into DXD and am hoping I dont get burnt too badly with tomorrows open. It remains to be seen whether the 2 sides can put something together where they can overcome the resistance from the Tea Party. In the end - they will pass something, and it will dramatically increase the debt and the "cuts" will be minimal. They will sound big, but, they will simply be smoke and mirrors.

I do know that Obama will unilaterally lift the debt ceiling if there isnt a deal in place. I think once the market believes the deal is in place, both gold and silver will get hit hard and that will create the buying opportunity of a lifetime. I intend to move everything into select miners once that happens. This is the time of year when gold/silver put in their lows and presents the best buying opportunities. Once the government puts in place a mechanism to increase the debt - it will be time to look to the Fed to announce the commencement of QE3 - probably around the time of Bernanke's Jackson Hole speech later in August.

If you arent into the short term trading setups -I would simply recommend that you get into the miners within the next couple of weeks. They are gonna explode here momentarily.

Here is the link to the most recent Silver Mining Report - http://www.bullion-master.com/thesilvermining_report_7-31.2011.pdf

[lhslancers3270]

They'll raise the debt ceiling which probably tanks the metals short term but I think the better buying opportunity lays ahead in the metals. Whatever these morons do is kinda like throwing the emergency brake while the car is already over the cliff.

You won't see 1400 Gold and 30 Silver off an agreement.

[King Of Budz]

Great stuff Strawboss! Thank you for sharing.

I'm currently holding a ZSL position here awaiting the resolution of the debt ceiling and then I was planning on getting into GPL and a gold miner. Do you have any gold miners that you would recommend? Or maybe just buying GDXJ?

[southfork]

Stacking more debt on a drowing country, how the hay is that dollar positive and metals negative, nothing but an excuse to wack metals again, I have no doubt they will kindle and 11th hour deal, the markets will rally on the news without a doubt tomorrow morning and then soar once definitive deal is announced.

[jbilprophet123]

it will dramatically increase the debt and the "cuts" will be minimal. They will sound big, but, they will simply be smoke and mirrors.

I think once the market believes the deal is in place, both gold and silver will get hit hard and that will create the buying opportunity of a lifetime. I intend to move everything into select miners once that happens. This is the time of year when gold/silver put in their lows and presents the best buying opportunities. Once the government puts in place a mechanism to increase the debt - it will be time to look to the Fed to announce the commencement of QE3 - probably around the time of Bernanke's Jackson Hole speech later in August.

If you arent into the short term trading setups -I would simply recommend that you get into the miners within the next couple of weeks. They are gonna explode here momentarily.

Here is the link to the most recent Silver Mining Report - http://www.bullion-master.com/thesilvermining_report_7-31.2011.pdf

Well you know i know and everyone knows debt ceiling increase means more debt by the way of dilution of USD (whatever you call it QEx or not) So the very premise this tanks gold and silvers ST where all of jump for the big gains that must come..
sounds too simplistic. This was the reason i am going all in long AGQ and miners..
Ofcourse till the point deal happens the uncertainty surrounding I would not say has been silver positive and as an extension
of that if in hypothetical no deal for some more time scenario while gold does not go down the market fear correlation of silver
will actually put a lid on silver price appreciation.

In short i think no deal silver not positive.
Deal is silver positive.
Either case lot of volatility duting critical deadlines..

Strawboss pls comment on this logic

[Strawboss]

Silver will go where gold goes. No deal is good for gold as gold is a hedge against political instability. A deal means gold/silver get whacked (short term) but then gold will rebound as it becomes apparent that the "deal" is essentially monetization/QE3/kicking the can, etc... It will take a bit of time for things to clear up though and in the interim, thats where the short term trading opportunities lay. As of this hour - a deal by tomorrows market open is not looking likely, so my DXD may still end up being a good bet - will have to see. Over the next few days - you have to be extraordinarily nimble (minute charts).


Well you know i know and everyone knows debt ceiling increase means more debt by the way of dilution of USD (whatever you call it QEx or not) So the very premise this tanks gold and silvers ST where all of jump for the big gains that must come..
sounds too simplistic. This was the reason i am going all in long AGQ and miners..
Ofcourse till the point deal happens the uncertainty surrounding I would not say has been silver positive and as an extension
of that if in hypothetical no deal for some more time scenario while gold does not go down the market fear correlation of silver
will actually put a lid on silver price appreciation.

In short i think no deal silver not positive.
Deal is silver positive.
Either case lot of volatility duting critical deadlines..

Strawboss pls comment on this logic

[fat panther]

Do we have a game changer, now? Or, what course now?

[southfork]

Silver will go where gold goes. No deal is good for gold as gold is a hedge against political instability. A deal means gold/silver get whacked (short term) but then gold will rebound as it becomes apparent that the "deal" is essentially monetization/QE3/kicking the can, etc... It will take a bit of time for things to clear up though and in the interim, thats where the short term trading opportunities lay. As of this hour - a deal by tomorrows market open is not looking likely, so my DXD may still end up being a good bet - will have to see. Over the next few days - you have to be extraordinarily nimble (minute charts).

Options up over 150 right now, metals getting initial pounding so I suspect an up day for Dow well over 100 points.

[jbilprophet123]

Thanks StrawBoss for comments.
If we take example of deficit financing countries, like what India has been for long history.
Goverment keeps on taking debt every year. This results into continuous decline of the underlying currency.
Depending on how systematic and steady state this debt financing is, the rate of rise of "other" currencies and hard asset is determined.
This is becoming a fact in US scenario now, in a much more non controlled non planned sudden way.
Accordingly the rate of increase of PMs ( and currencies like swiss CHF, to some extent AUD and the rest) will be.

The uncertainty is ofcourse good for Gold. But removal of them which results in certain decline of USD ( accelerated by QE) and less fear has to be better for silver. When silver leads golds it is the most healthy period of gains for PMs.

That is around the corner now. Gold will go where silver will go.

Removal of "fear" may cause very ST spike down in PMs. But how ST that will be remains to be seen.
Maybe that short term is over already. Maybe not.

What we used to look for in currency in healthy pre 2008 period (and in general).
Best scenario for gold silver to go up is when AUD is increasing, USDJPY is not going down, (Euro up which is doubt now a days) CHF up is the best time. That is happening now..

[dosman]

I have been bitching about miners moer than anyone, but the action so far today + boss' report have made me optimistic. Let's see what happens

[Weatherman]

Lots of action already, and this morning has barely begun!

9217

Barron's offers this explanation (http://blogs.barrons.com/focusonfunds/2011/08/01/gold-silver-pare-losses-after-data-silver-wheaton-up-3-goldcorp-1/?mod=yahoobarrons) for the sharp reversal higher in silver and gold:

The SPDR Gold Trust (GLD) looked like it was going to be a victim today of a relief rally in markets spurred by Sunday’s apparent deal by lawmakers to avoid a default on U.S. debts.

In the early going this morning, shares of GLD were trading down more than 0.5%. The iShares Silver Trust (SLV) fell from electronic trading in the wee hours to the opening 30 minutes or so in the regular session by nearly 1.4%.

Then came a widely followed reading of the Institute for Supply Management’s manufacturing index. In July, the gauge fell 4.4 points to 50.9%, barely staying above the 50% no-change line and coming in well-below analysts’ expectations.

For anyone thinking about buying into this sharp rise of silver and gold, keep a close eye on the US$. It is still strongly higher this morning. Considering that huge numbers of traders must have been short the $, the potential exists for a squeeze on the shorts that could drive the US$ painfully higher in the near term. A rising US$ could put significant downward pressure on the metals.

9218

[fewferfev]

Miners look to be putting in higher lows once again. Even the hated SWC on a 5 year looks perfect for an entry?

[King Of Budz]

Sold the ZSL near the open today. Might have been too early. Just saw this too (for you shorter term people): http://niftychartsandpatterns.blogspot.com/2011/08/falling-wedge-of-silver.html

[dosman]

sold rvm @ 4.80 today, breaking a long streak of bad trdaes for me

[Strawboss]

9258

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

[StateofJefferson]

Did some reallocation this morning using Strawboss's www.bullion-master.com gold, silver and explorer reports. This is a service worth checking out.

[Eroberer]

I don't have available cash at the moment to put into the miners, but I do want to shift some cash into GPL by selling all of my HL.

However, I like that HL is US based, while GPL has a large interest in Mexico. Even with all of the instability in the US, I still think it's safer than Mexico.

Anybody got an opinion?

[fat panther]

Anyone watching palt gold ratio? Getting an itchy finger for plat. Something has to give with one or the other and I don't see gold dropping back to the gold/plat parity. Thoughts?

I amy get burned big time on this one, going long plat.

[jbilprophet123]

Anyone watching palt gold ratio? Getting an itchy finger for plat. Something has to give with one or the other and I don't see gold dropping back to the gold/plat parity. Thoughts?

I amy get burned big time on this one, going long plat.

My thghts why i need platinum when i have silver.
Platinum and gold sold for same price at height of fear in 2008. We are almost there 100$ diff or so.
It would be a great buy if gold was 100$ higher. Which quite possibly will be in a week :)

[jbilprophet123]

Hump$y Dump$y Sat On A Wall,
Humpty Dumpty had a great fall,
All the Swedish horses and the Japanese men ..

Over a trillion probably 2 Tril Japanese yen bght in a single day. Cool.
Swedish Franc super appreciation deterrant lowering interest rate nice..
Markets crashing total fear.

How far do we go before QE3 announcement? Does anyone know planned numbers for indices?

And gains of USDJPY and Losses of CHF seems to be getting erased in a hurry. While golden king marches ahead
and sister silver follows. Digesting all gains on the way up!!

2008 repeat with gold and silver being respected for what they are real money and safty.
Flight to real money continues as it should have happened in 2008..

No lehman bros or sisters are remaining to be sacrificed and total panic now will result into even faster
appreciation of gold and silver the day all of us were waiting for is here..

[Unca Walt]

It just now occurred to me.

It feels like we are witnessing History with a capital H.