Thursday, July 14, 2011
Wednesday, July 13, 2011
Silver is 38.154 (13th July 2011 22:56)- up 5.8% [By SilverReport]
What an exciting day it is for Silver traders and investors. Silver is playing catch up with its big brother gold (who stole the headlines the past couple of trading days if not weeks)-Finally!! The key is to close the trading session above 38.00 and if it can, according to James Turk "Once silver clears $38 on a closing basis, you are going to get back into the mid 40’s in a heartbeat.”
Tuesday, July 12, 2011
Silver Whistle Blower Toots Again [By Bix Weir, 11/July/2011]
Andrew Maguire just gave an interview on King World News in which he discusses the fast approaching END of silver manipulation. You can listen to the interview here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/11_Andrew_Maguire.html
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/11_Andrew_Maguire.html
It should be clear to everyone that we are on the brink of SOMETHING...we are just not sure how BIG it will be. Andrew seems to think that the new Pan Asian Exchange will destroy the silver market riggers because they won't be able to supply even the smallest amount of physical silver to satisfy potential delivery requirements.
I agree with Andrew on this point. They don't have it and they can't find it because it doesn't exist. But we need to take this discussion to another level and that level has to do with a very simple question...
WHAT HAPPENS NEXT?
The single most important issue here is not the supply of physical silver or the amount of paper silver leverage but the faith and belief in un-backed fiat money. This "virtual money" that is hoarded worldwide in the paper and electronic form is 100% unsustainable if gold and silver are allowed to trade "freely". Unfortunately, when Andrew talks about TRUE price discovery in the silver market it is assumed that these "silver exchanges" are still operating and have not self-imploded. All these exchanges are, supposedly, the ultimate backstop for the trades and once the first silver short defaults it is the exchange that must make good on the transaction. Why else do you think all these exchanges have gone public in the past few years? THE LIABILITY IS MASSIVE!
This is an excerpt from the Friday Road Trip on 6/3/2011...
Sunday, July 10, 2011
Could silver one day be worth more than gold? [By: Peter Cooper 9th July 2011]
Summer time is a chance for re-reading investment classics at ArabianMoney. We’ve just been dipping into the 2008 ‘Guide to Investing in Gold and Silver’ by Michael Maloney, and find that pretty much everything he predicted has come right.
If you bought silver when this book came out then you have probably doubled your money today, and briefly sat on a three-fold profit back in April this year. ArabianMoney is confident that April’s spike will be passed this autumn, so loading up on silver in the quiet summer months is our best tip right now.
Read more @ ORIGINAL SOURCE
Subscribe to:
Posts (Atom)