Saturday, July 23, 2011

Silver Market Alert! 22nd July, 2011 [By: Julian Phillips & Peter Spina, for the Gold & Silver Forecaster]

Short-term: expect the silver price to move up to $49 before giving new direction. More importantly, there has been a critical fundamental change in the shape of silver demand that has changed the long-term prospects for silver.

Having moved up to $50 previously on the back of major banks hurriedly closing their short positions, the silver price has spent time since then consolidating, as you see in the chart to the right. The move up to $40 is not simply silver following gold, but an indication of a major structural change in the size and shape of demand for silver.


Read more @ ORIGINAL SOURCE

Sunday, July 17, 2011

Forget $50 Silver…The REAL Inflation Adjusted Silver High Is $500+ [By Silver Shield,on July 16th,2011]

Right now,Gold is nearly double its 1980 nominal high of $850…
Silver,  on the other hand,  is still 20% below its 1980 nominal high of $48.70…
We are going to play a fast and furious game of catch up as silver smashes through its previous nominal high.
Watch how quite the media and all of the silver bashers are this time around.
The silence will be deafening.
Read more @ ORIGINAL SOURCE

Thursday, July 14, 2011

Silver Update 14 July 2011- Blast off [BrotherJohnF]

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


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...

Read more @ ORIGINAL SOURCE

Silver Price To Go Up: Jim Rogers [CNBC 11th July 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

The New Pan Asian Gold Exchange : A GAME CHANGER? [Jul 8th 2011, SGTbull07]

Silver Update 9th July 2011 - Rally [BrotherJohnF]

Friday, July 8, 2011

The Silver Platter Opportunity [By: Jim Willie CB, Hat Trick Letter; 7 July 2011]

Every few years, a tremendous opportunity arises. The autumn months of 2007 and the autumn months of 2008 offered such an opportunity to buy silver. That $11 silver price is long gone. Many smart folks seized it. Whatever can be said on such silver platters applies almost equally to gold. The silver sprint gains are typically much larger than the gold steady gains. The coming autumn months will feature a gaggle of supposed financial analyst experts backpeddling in their hasty damage control. They have been broadcasting a wide assortment of low level propaganda posing as competent analysis, as they attempt to make the point that the anti-USDollar trade is done, the gold trade is over, the silver trade is spent. They are so wrong. A comedy of clumsy oafs and dolts on the Wall Street payroll awaits the public in a grand chapter on stage. They will struggle to explain the move in silver over $50 on its way to $80 per ounce. They will struggle to explain the move in gold over $1600 and then $1700 per ounce. The mainstream news has been deeply involved in a delicate balancing act. They must report the news, but it is almost all very bullish for the precious metals. A new financial mini-disaster unfolds almost every week. Last two weeks were Greece. The next week might be Portugal. They must report the news, but it paints a picture of a broken monetary system with debased currencies. They must report the news, but it openly provides the gory blow by blow details of ruined sovereign debt. TheUnited States debt situation is Greece times one hundred.


Read more @ ORIGINAL SOURCE

Thursday, July 7, 2011

Silver: It's All About Inventories [By Jeff Nielson 06/07/2011; thestreet.com]

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.



NEW YORK (Bullion Bulls Canada) -- While I have long since given up the "hunt" for intelligent analysis from the mainstream media on the silver sector, I have also become somewhat frustrated with much of the commentary I've seen from the more reliable/better informed commentators within the silver sector. Two "camps" seem to have emerged, separated by what I can only describe as a logical disconnect.
On the one hand, we have a group of very vigilant and bullish commentators who are squarely focused on the melodrama of "evaporating" inventories now taking place in the Comex (and any/every other warehouse where significant amounts of silver can still be found). Their reporting, while insightful, is almost surreal.
Read more @ ORIGINAL SOURCE

Wednesday, June 29, 2011

WAKE UP SILVER INVESTORS! [By Bix Weir, 28 June 2011]

It seems to me that everyone has been lulled to sleep in the silver world. One thing you have to remember is that NOTHING HAS CHANGED...except the price. Supply, demand, new technologies, physical demand, investment demand...all those reasons you got into silver have not changed a bit. What has changed is that "They" decided to raise the price to $49/oz and then lower the price below $35/oz.

THEY can place the price of silver ANYWHERE they want with computer market rigging but they CAN'T change all those the reasons you got in.

Do you remember how scary it was to buy silver at $49/oz? You wished you had bought back when it was $40 even though you knew that in the long run "THEY" can't stop the rising price of silver forever. Now THEY'VE placed the price below $35/oz and yet you are still scared...YOU ARE SCARED THE PRICE MIGHT GO DOWN FURTHER!

My friend, you are playing right into THEIR hands. You are in the midst of a psych-ops program designed to make yourself question your silver analysis.

DON'T FALL FOR IT!

Keep stacking up ounces of silver. Keep buying up or down...it does not matter where the price goes if you truly understand the silver market. You should be preparing for the END of SILVER MANIPULATION.

Bix Weir

Thursday, June 23, 2011

Eric De Groot: PIMCO'S Gross says Fed to unveil QE3 at Jackson Ho...

Eric De Groot: PIMCO'S Gross says Fed to unveil QE3 at Jackson Ho...: "It’s denoted here as QE(n) donates for a reason. QE must continue or the social and economic consequences of a growing debt implosion will i..."

Peter Schiff - US Set to Default, Silver Headed to $200 [June 22, 2011 Kingworldnews.com]

When asked about gold and silver in that environment Schiff replied, “They’ll go straight up.  That’s why you want to buy your gold and silver before that atmosphere.”

Regarding silver specifically Schiff had this to say, “I think anything in the low $30’s represents a pretty good entry point for people to buy...Once we go through $50...I see silver going to $200 an ounce.  I own a lot of silver personally because of that outlook.”

Wednesday, June 22, 2011

Silver coin sales boom as investors seek haven [June 22, 2011 - 2:32PM, SMH]


Silver-coin sales from the Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.
The mint sold 10.7 million one ounce silver coins since July 1 last year, according to Sales and Marketing Director Ron Currie. That’s 66 per cent higher than the previous full fiscal year and about 10-fold more than five years earlier. Sales of one ounce gold coins will be close to a record, he said.
The soaring demand adds to signs investors are stepping up precious-metal purchases as Europe’s governments tackle a sovereign-debt crisis and central banks led by the US Federal Reserve print cash to stimulate their economies, potentially devaluing paper currencies. Cash silver, the second-best performing commodity over the past year, hit a record in April.
“Silver’s still booming and it’s been going strongly for a year,” Currie said. “A lot of the buying is by people new to the market,” with European and US investors the most active international purchasers of the mint’s products, he said.

Read more @ ORIGINAL SOURCE

Thursday, June 16, 2011

Comex position is bullish again for silver prices [By: Peter Cooper, June 15 2011]

Silver prices are set in the Comex futures pit in Chicago, and traders are becoming excited again by prospects for the shiniest of metals because of the supply and demand position within the exchange.
What has happened recently is a drop in the amount of physical silver available for delivery in the Comex – down 38 per cent to 29 million ounces since the start of 2011 – while the amount of silver that is being held for clients to claim in the Comex is up by 23 per cent to 72 million ounces.

Bullish signal
This looks like a classic  under supply relative to demand situation waiting to happen, and this is very bullish for the price of silver.

Read more @ ORIGINAL SOURCE