Silver: Get In Now While The Price is Under $50/toz

[HoldingAg]

The Silver Platter Opportunity
By: Jim Willie CB, Hat Trick Letter
http://news.silverseek.com/SilverSeek/1310056086.php

Found this on SilverSeek, good article read it!


HoldingAg

[birddog]

I like this .....

The entire Too Big To Fail principle is actually a battle cry to avoid solutions, to protect the banking elite that was mostly responsible for multiple $trillion bond fraud and mortgage fraud. Without any reservation, it can be said that TBTF means No Solution, no remedy, no recovery, and no attempt at anything remotely resembling a road to economic recovery.

[Garyw]

when you see the Fed raising the interest rates they have already taken their money out of the market and the elite are set to buy up the cheap deals when it crashes. When you see margin increases in the stock market it is time to buy more silver then kick back. They have one thing wrong though. The military is going to be cut back drastically. Ron Paul if elected will bring our troops home and close majority of foreign bases.

[HistoryStudent]

Great FIND. I subscribe to his newsletters.

I think NOW it the best time to buy since I first started in 1993.

It is not cheap - but the lights are flashing GREEN GREEN GREEN

[HistoryStudent]

GREEN GREEN GREEN!

[spathatos]

....the drag lights put a smile on my face...very good

[Kkernell]

Great FIND. I subscribe to his newsletters.

I think NOW it the best time to buy since I first started in 1993.

It is not cheap - but the lights are flashing GREEN GREEN GREEN

We read various articles about silver everyday. The predictions vary wildly. I am very undecided at this time as to what it will do in the near future. I would like to add a bit more to my collection. What do you guys think? Is now a good time?

[lhslancers3270]

Average in. If it isn't much to average in then it really doesn't matter if you pay 36+ or 30ish does it?

[Kkernell]

Yes you are absoutly correct, however you would not want to make a large purchase right now. But who knows it might be the best thing to do. Silver is like a lady, a bit unpredictable.

[lhslancers3270]

A lot of people were spooked by the waterfall decline off of 50 bucks. We might have bottomed already. At any rate I would be all in before Labor Day.

[WizardTN]

Look at the seasonal charts. both the 5 & 15 yr charts show a short rise now and another dip in mid Aug. The 40 yr chart doesn't show it, but all 3 show the seasonal low of last week.
Then they all show the annual runup til Jan.

[HistoryStudent]

Now is a good time because the MONETARY printing and digitization worldwide show you that frankly - gold and silver are not really going up for over
ten years -

NOPE.

The money dollars just have been going down and the JERKS running the worldwide money asylums have created so much money that they used up
all the trees in Washington State and even the US Capital.

So to speak.



Since then (2009) the JERKS added another few trillion to cover the bad LOANS and the BANKS.


They have a hard time printing real physical gold and silver - yes - SIR RE! Buy now on sale some 50 to 75% off.


http://harveyorgan.blogspot.com/

[HistoryStudent]

I'm not in love with the language - but the darn thing is factual.



In 1976 after two hundred years of America we were ONE trillion in printed debt:

NOW were are at THIRTEEN and Half TRILLION dollars in debt.


A trillion seconds takes 32,500 YEARS to pass by to start the next trillion start counting to 13.5 trillion
and maybe you'll get the BIG PICTURE. I'll Call you in 438,750 years and see if you finished!

Buy now it IS all on sale. In 1976 gold was around $140 at the start and the end. Times that by 13.5 times....

Silver was around $4.50 times that by 13.5 times ... and rising the 13.5 times that IS - to infinity....

[Kkernell]

I agree with this 100%. The question is how long can these banksters make this ponzi scheme work. They are very intelligent and resourceful. No doubt it is just a matter of time.

[Gcubed]

I agree with this 100%. The question is how long can these banksters make this ponzi scheme work. They are very intelligent and resourceful. No doubt it is just a matter of time.

The trick which they must perform is NOT to hyper-inflate the currency. That would allow debt to be discharged to their disadvantage. A slow blood letting works for them. I've no doubt that they know what I know. Mexico let it get out of control in the early nineties. I would suggest that they wont repeat their error in the near future. Think about it.

[ccjoe]

A lot of people were spooked by the waterfall decline off of 50 bucks. We might have bottomed already. At any rate I would be all in before Labor Day.

Well put for a gold bug 3270
You are the epitome of a gold bug with a conscience because YOU KNOW that silver will hit 100 before the Holidays this year and those all in gold will CONTINUE to lose a lot of money by NOT converting to ag.

[lhslancers3270]

Well put for a gold bug 3270
You are the epitome of a gold bug with a conscience because YOU KNOW that silver will hit 100 before the Holidays this year and those all in gold will CONTINUE to lose a lot of money by NOT converting to ag.

I highly doubt Silver will trade near 100 bucks this calendar year. Silver may or may not go up more on a % basis going forward. We'll see soon enough.

[HistoryStudent]

NOBODY knows the future. However, we do KNOW that by studying history that all GOVYS fail to do the right thing until they have too.

They have been getting away with a worldwide monetary PAPER FIAT expansion (the definition of inflation by the way) and the people haven't used their
ability to GET rid of them one way or another. Except, of course, in 3rd world countries and the Arab Spring.


My study of silver shows that the GOVYS (USA in particular for over 200 years) have been trying to control silver for many many centuries
rather then let it float NORMALLY against gold so as to have a balance.

US Constitution, Crime of 1873 Bill, Silver buying Bills, Pittman Act, the confiscation of 1934, the demonetization(s), the 1964 default, using Silver Users Group,
(the only anti-commodity organization in the whole world) and other sneaky ways to trick the sheeple.

In America they bought up all the silver from 1800s by setting the price so it could NOT go OVER the magic 1.29 an ounce. Then with the almost 4,000
(around the 1940s) millions of ounces (from mainly the West and the Comstock load) they parceled and used piecemeal management to hold things in checkmate.
Until (1964) JUST like NOW (2011) the world marketplace took away the handcuffs and leg irons of silver intervention.

Even the 3rd grade educated farmers were smart enough to know way back in the 1800s THAT you JUST traded one physical thing (like animal for animal) for another.

Once you trade something like gold for paper the convenience ALONE and getting rid of silver - will TRICK and drive people to paper - so gold versus paper was fiat in disguise.

Silver is the RESTLESS METAL and for 6,000 years the main money of the regular people - gold was the money of kings and GOVYS.

As the sheeple get more frustrated (and they will) human nature - RULE 1 - will then drive them into - RULE 4 (below) - of successful investing.

http://www.gold-eagle.com/editorials...son070811.html


From Zapata George Successful Investing Rules:

Rule 1 - Human nature has not changed in 6,000 years of written history.
Rule 2 - Just study that 6,000 years of written history.
Rule 3 - Oil still runs the world since the 1800s.
Rule 4 - Gold and Silver are the only real money.
Rule 5 - In the end the fundamentals will rule out - always.

That said - silver will do GREAT, now ON. Gold while not as restless, will be GOOD too.


Genesis 2:12 And the gold of that land is good: there is bdellium and the onyx stone. (Genesis 2 - In the BEGINNING.)

[Strawboss]

In an attempt to keep things in perspective relating to what silver is going to do - keep in mind that QE 2 is now officially over. When QE1 ended, markets continued to rise for a few weeks before they crashed hard. I suspect the same is in the process of happening. A look at the silver charts (daily, weekly and monthly) tell a story that is worth considering, namely that the correction in silver may in fact NOT be over and that the bounces off of support (the upper fib level) have been technically very weak and that each subsequent bounce is getting weaker and weaker.

When you draw the fib retracement levels from $9ish to $50ish, you will see that silver has been bouncing along the upper fib rail. Those that know silver well will tell you that silver almost always corrects deeper than the upper fib rail - in fact, it usually will correct between 50% - 62% of its moves - thats just the nature of a market as volatile as silver is. We haven't yet seen that.

Lets walk backwards beginning with the monthly chart for silver:



As you can clearly see - the stochastic continues to fall and is now no longer embedded on a monthly basis - that is a clear signal for further downside to come. The MACD is rolling over which usually portends a correction to come. If you compare the price action in silver in 2008 - it MAY be a model for what we can expect.

When we look at the weekly chart for silver we see a different picture emerging:



The weekly actually looks attractive with the stochastic in a buy posture and the MACD putting in a higher bar. These are usually buy signals - however, there is a danger here namely that the stochastic is well below 20 and another week below 20 will embed the indicator which can precede a waterfall decline. To prevent this, the signal would have to rise significantly - THIS WEEK to prevent this from occurring. In order to evaluate the likelihood of silver forging this type of strong rally this week to prevent the stochastic from embedding - we have to look to the daily chart.



Silver on a daily chart is very close to overbought levels and the indicators look tired and ready to roll over. The RSI hasnt been able to rise above 60 - which is a technical MUST in order to reverse the trend and the Williams indicator is currently in a sell posture. The Williams indicator is very reliable when a market is in a consolidation (trading range) as silver clearly is as indicated by the trading box on the daily chart.

My conclusion based on the charts is that silver will likely correct this week as that is what the daily chart is forecasting. This decline in silver will cause the stochastic on the weekly chart to embed - which will cause more intermediate term traders to turn bearish on silver and increase the levels of selling - which will overwhelm buyers over the next few weeks.

This selling pressure will cause the monthly chart to continue to show weakness which will ultimately drive price down to the lower 2 fib rails drawn on the monthly chart - which would coincide with what silver typically does when it corrects a move.

Bottom line - be very careful jumping into silver here. Until silver takes out $38.50 on convincing volume - any rallies will continue to be sold.

[HistoryStudent]

GREAT study above on TECHNICAL ANALYSIS. I've used it for years. Right now is also probably the best time in the last 10 years
to buy silver. Per the COT.

http://www.gold-eagle.com/editorials...lie070711.html

What worries me is both the last few years and the recent eight trillion printed worldwide added, with the PIIIGS falling,
and the forever war. I wonder if the COT (marketplace) smells something coming like STINK on a SKUNK?

I don't know.

SO.

Rule 5 - In the end the fundamentals will rule out - always.

[Strawboss]

I think we are both right - just a question of sequence. There will be a general equity mini-crash as a result of the end of QE2 and there being no more POMOs which will drag silver down with it - the charts for silver say this could happen as early as this upcoming week - and then will be the best buying opportunity for silver since it was on sale at $9/oz. a few years ago.

GREAT study above on TECHNICAL ANALYSIS. I've used it for years. Right now is also probably the best time in the last 10 years
to buy silver. Per the COT.

http://www.gold-eagle.com/editorials...lie070711.html

What worries me is both the last few years and the recent eight trillion printed worldwide added, with the PIIIGS falling,
and the forever war. I wonder if the COT (marketplace) smells something coming like STINK on a SKUNK?

I don't know.

SO.

Rule 5 - In the end the fundamentals will rule out - always.

[HistoryStudent]

Here's a Half-Black Swan too FOR the FUNDAMENTAL GOLD pot:

http://news.goldseek.com/Internation...1310328740.php

This morning London whistle-blower Andrew Maguire told King World News that the launch of the new gold and silver exchange in China will destroy the remaining gold and silver shorts. Maguire stated, “The launch of this new gold and silver exchange has flown under the radar, but certainly has my attention. I firmly believe we are marking a pivotal point that will in very short order affect current precious metals price discovery dynamics. We now have an additional factor to be vended into the supply demand equation. This factor will ultimately destroy the remaining short positions in both gold and silver.”



“China is keen to diversify their cash holdings and is also encouraging citizens to make investments in gold and silver. The Pan Asia Gold Exchange is another step in this direction by opening up ease of access to physical gold and silver to their bank customers. This physical backed exchange is going to be a big game-changer.

Just look at the scale of this to get an idea of how massive this game-changer will be, The Agricultural Bank of China has over 320 million retail customers and 2.7 million corporate customers and has integrated its customer account information system with this platform.



By creating the first ever rolling spot contract, Chinese bank customers will for the first time have ease of access to 10 ounce gold contracts in Renminbi directly from their bank accounts and with the click of a mouse. To give a further idea of scale, if just 1% of their customers bought a single 10 ounce contract, that would equate to 1,000 tons of physical gold being drawn down....



“The impact on the price of silver will be even more pronounced. Silver is a much smaller market and already in tight supply. If just 1% of Agricultural Bank of China customers buy 500 ounces of silver, that would require 1.6 billion ounces of silver! I believe the leveraged and naked existing short side concentration in silver will be blind-sided by this. In my opinion it will create a massive short squeeze.



None of this potential new physical demand has been factored in by analysts and I expect a large and unanticipated drawdown of physical gold and silver over the next few months, ahead of the international contracts going ‘live.’



One of the key points here is that many of these shorts are naked and heavily leveraged. Thus for every physical ounce of gold and silver taken out of the physical market and into this new exchange in China, it will force many multiples of that to be covered in the paper market.”

[HistoryStudent]

I think we are both right - just a question of sequence. There will be a general equity mini-crash as a result of the end of QE2 and there being no more POMOs which will drag silver down with it - the charts for silver say this could happen as early as this upcoming week - and then will be the best buying opportunity for silver since it was on sale at $9/oz. a few years ago.

Thanks STRAWBOSS - good logic...

With the change of POSTURE from the US GOVY from hitting gold and silver during FED talks to HITTING it with the commodities fall and releasing the baloney oil -
makes me think they will soon announce a FIGHTING the DEFLATION arguement
to create yet another QE3 with a "FIGHTING the GREAT DEFLATION" theme.

Reminds me of France in the 1790s print print print and then print like hell.

http://www.libertycoinservice.com/im...urrentnews.pdf

[Strawboss]

In order to justify QE3 (in whatever form it ultimately takes) will require political "cover" which they dont have at present. It will take a mini crash in the equity markets to instill sufficient fear in the politicians to make them reverse their current calls for "fiscal responsibility" to "we need to stimulate the economy". I am expecting that to happen in the next several weeks as the reality is that the govt needs to issue $100+ billion in new debt per month and they cant survive the interest rates that would be necessary in order to procure sufficient interest from foreign investors to buy that debt month after month. So - they need the Fed to continue to monetize the debt the government will issue so they can keep rates low - but, the Fed needs political cover to do it.

Thanks STRAWBOSS - good logic...

With the change of POSTURE from the US GOVY from hitting gold and silver during FED talks to HITTING it with the commodities fall and releasing the baloney oil -
makes me think they will soon announce a FIGHTING the DEFLATION arguement
to create yet another QE3 with a "FIGHTING the GREAT DEFLATION" theme.

Reminds me of France in the 1790s print print print and then print like hell.

http://www.libertycoinservice.com/im...urrentnews.pdf

[lhslancers3270]

The Fed really can't raise rates enough to sweeten the pie to buy bonds. Last time around it took 14% on 10 year paper to break the back of the Gold bull. Things are exponentially worse now. Both Gold and Silver will rise many multiples from these levels.

[HistoryStudent]

The Fed really can't raise rates enough to sweeten the pie to buy bonds. Last time around it took 14% on 10 year paper to break the back of the Gold bull. Things are exponentially worse now. Both Gold and Silver will rise many multiples from these levels.

They can HOWEVER steal all and I mean all the FED PUBLIC PENSION FUNDS (done deal); then
follow Argentina example: with the IRAs 501s and public bank deposits....

http://news.goldseek.com/LewRockwell/1310328082.php

It's all about the illegal alien getting re-elected again.