Last Chance to Own Silver at These Prices [Wealth Wire - Thursday, October 20th, 2011]

The Commodity Futures Trading Commission (The Cartel) on Tuesday approved a much-debated, long-delayed rule designed to curb bets on oil, gold, sugar and in particular silver.

CFTC Chairman Gary Gensler said the limits will protect the markets. The 3-2 vote—cast along party lines—illustrates how divided regulators remain over the role of government in the markets. The debate leading up to the vote also shows how even some CFTC commissioners supporting the rule think it may not have the desired effect.

Opposed by Wall Street and in particular JP Morgan Bank the rule aimed at capping the positions firms can take in certain commodity contracts in order to curb sharp price increases. The rule gained traction in Congress during a silver price spike in 2011, which some attributed to excessive speculation by short-term traders. Along with a number of other rules, it was mandated by the Dodd-Frank financial-regulatory overhaul.

So finally position limits in silver will be enforced. Will there be delays? Of course and you can bet your bottom dollar that the Cartel will be out in force with their lawyers challenging the ruling. However, there is a very high probability that on a beautiful day in 2012, JPM, et al will finally be feed of its shackles and the price of silver will move dramatically higher.

Read more @ ORIGINAL SOURCE

Eric Sprott, Financial Sense NewsHour 19 Oct 2011

Every Silver Pullback Is A Gift - Mike Maloney [Oct 18, 2011]

Silver Update OCT/16/11 - Bottoming [BrotherJohnF]

KWN Special - Is Silver the Next Apple? [kingworldnews.com ;October 18, 2011]

The following information was put together exclusively for the King World News blog by Kevin Wides, out of Switzerland.  It is a fascinating comparison between the bull move in Apple shares and silver bullion.  Kevin stated, “With everyone talking about Steve Job’s death and the wonderful investment Apple shares have been, a closer look shows how hard it is to catch a trend over the long run.  I still believe in the silver story, and one can see what it takes to hold on to long-term positions [throughout an entire bull market].”   


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One last sell-off for silver before we head back to $50? [By: Peter Cooper -- Posted 16 October, 2011]

After seven years of investing in precious metals you become something of an old-hand, not that this would impress the true veterans who recall the late 1970s. They are getting a bit old themselves now.

A sprightly 87-year old President Carter was on the BBC last night for a long interview, and sounded very impressive unless you are old enough to remember his abysmal presidency.

The man himself comes across as a bit of a 60s dreamer with flowers in his hair and peace and love stamped on his face. He is very genuine and has not made a cent out of being an ex-president. But he was a disaster, hopelessly out of his depth in Washington during a period when the world needed leadership.

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Fiat Money Explained [TheSilverGuild on Oct 16, 2011]

Silver on the Verge of Another Breakout [By: CHRIS MARCHESE OCT/14/2011]

Silver appears extremely bullish from a structural point of view, something that myself and others have been talking about the last 12-14 months. We first saw this in the vast reduction in the adjusted open interest (reference to spread positions) by about half followed by 2 monster rallies beginning in Sept 2010 and again in February 2011. From personal experience, gauging physical investment demand, paper (ETF) demand, shape of the futures curve and the Commitment of Traders report, silver will likely see a monster rally to at least the $40-$43 area before year end and possibly a breakout pushing the $50 level. In any case, Silver would be the one commodity I would want to own for the next 12-24 months.


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Silver Market Update [originally published October 9th, 2011; Clive Maund]

It now looks like we were a little too bullish in the last update, for the way silver has acted over the past week suggests that another sharp drop is imminent before the dust finally settles on this reactive phase, that it likely to take it to or some way below its recent panic lows.

On silver's 4-month chart it is now apparent that a bear Pennant has been forming since the panic bottom, with the weak upside volume portending an imminent breakdown and steep drop. A reader pointed out to me during last week that silver's panic lows occurred in thin trading on the Hong Kong market, and for this reason we do not have to factor in the tail of the "Dragonfly Doji" candlestick shown on the chart when deciding where to draw the boundaries of the Pennant. The measuring implications of this Pennant call for a drop at least to the vicinity of the intraday lows of the Dragonfly Doji and possibly somewhat lower towards the $24 area - at this point the decline should have completely run its course and we will be looking to buy aggressively. We can see that a bearish "Harami" pattern has formed in silver over the past 2 trading days, implying that breakdown from the Pennant and the expected steep drop that will follow is imminent. A reason why this next drop should end the decline is that silver is already deeply oversold as shown by its MACD indicator, and it will of course be even more so after this impending decline. Those interested in going long silver investments in the near future should "keep their powder dry" but stand ready to wade in big time if silver drops into the bright green "aggressive accumulation zone" shown on our chart.

Read more @ ORIGINAL SOURCE

Is Silver Breaking Out Of Bottom? [Sat OCT/08/11 00:22 AM EST -- Debra Borchardt]

Silver Update OCT/06/11 - Buy The Dips [BrotherJohnF]

Silver Market Update; originally published October 2nd, 2011 [Clive Maund http://www.clivemaund.com]

Following our highly successful foray into the future to see what would happen to the silver price, many readers have been urging me to clamber back into my time machine and go Back to the Future to see what is going is to happen in the next few weeks. However, on this occasion I have decided not to. It was not concern about disrupting the space-time continuum, or even a sudden attack of moral rectitude concerning looking at charts 3 weeks before other people get a chance to see them, but the simple fact that it isn't necessary. You see, we have all the evidence that we require in the here and now that silver has probably bottomed, or is very close to doing so, and that it is set to enter another advancing phase shortly. Let's now look at this evidence.

On silver's year-to-date chart we can see how the brutal plunge that wiped out many leveraged small silver speculators, and which enabled us to make a fortune in a matter of days, abruptly terminated at the zone of support shown in Far East markets on Monday, after which silver rallied to close the day almost at its highs, leaving behind a large very bullish "Dragonfly Doji" on its chart which we will look at a little later on the 3-month chart. The ferocity of the decline is thought to be partly or even largely due to a wave of margin calls going out to leveraged small speculators, who had been set up to be fleeced by their cheerleaders egging them on for weeks, having apparently learnt nothing from the May plunge just a few months earlier.

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Market Crash 2011: Gold Down $122! Silver Down $6.66! Buying Opportunity of a Lifetime Coming!! [Sep 23, 2011]

Silver traders: Stop Cryin' and Start Buyin'! [By: Dominique de Kevelioc de Bailleul] 23 September, 2011

As another financial crisis comes to a head, another silver crash ensues.  Oh, the tears of sorrow!

Background:

Though there still exists economists, portfolio strategists and corporate CEOs out there who still don't see or admit to seeing a double-dip coming to America [did you watch CNBC yesterday?], everyone's favorite sleaze, George Soros, on Sept. 21, told—that very same 24-hour propaganda doubly-sleaze outfit—CNBC, that the US is in “a double dip already.” 

Sometimes, Soros, too, tells the truth, as long as it alines well with his fascist global-community agenda.

But if you've been listening to John Williams of shadowstats.com, you'd already know the fake recovery was just that, fake, and that the worse days for the US are yet to come.

“As activity begins to turn down again, you are going to see things get even worse, and the continued economic trouble is going to be very long and very deep,” Williams told KWN on July 11.  “That puts the Fed in a circumstance where you virtually are assured of a quantitative easing three. That in turn will weaken the US dollar further.”

But as we all know, Bernanke, instead of giving the market what it perceived it needed on Wednesday, crushed the dollar slide, instead.  No QE3!  Not today, anyway.  But Williams will most assuredly be proved correct after the fight from Republicans on Capitol Hill turns Captain Queeg 'yellow stain' as it did during Speaker Newt Gingrich's 1995 noble fight to turn the money spigots off by shutting down the Treasury-Fed cabal. 

At some point, the mob will beg for QE3!  Ask Gingrich, who went from Time's Man of the Year to the bum who authored the 'Contract ON America” —which leads us to today's Fed puzzle.

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Louise Yamada - Still Bullish Gold & Silver, Not Stocks [kingworldnews September 20, 2011]

When asked about silver specifically Yamada replied, “Silver has been trying to consolidate above the uptrend.  You have some support at $37, you also have the 200 day moving average at $36 and then, of course, you’ve got the prior lows at $33 to $34.   Whether or not silver has to pull back that far isn’t clear yet, but both gold and silver are in some kind of healthy consolidation.”

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Silver Chart Update [Trader Dan Norcini Friday, September 16, 2011]

Silver continues to hold very firm at the horizontal red line drawn in on the price chart. Each time it has moved down to this level, a level which I might add is the intersection of TWO important support levels, it has drawn out solid buying and then moved higher. This region is a former congestion zone which seems to attract buyers and forces shorts to cover. The longer this impasse continues, the better for the bulls as it is basically base-building here.

ORIGINAL SOURCE

GOLD AND SILVER TECHNICAL UPDATES 16 SEP 2011 [Ira Epstein]

Turd Ferguson's: TF Metals Report [Silver Update: Thursday, September 15, 2011 at 9:51 am]

Kitco Audio: Marshall Berol and Al See No Long Term Downward Movement In Gold and Silver [Sep 14, 2011]

Silver getting ready for a breakout [By JON and DON VIALOUX, Technical Analysis; Financial Post September 14, 2011]

The period of seasonal strength in silver is approaching. How is the seasonal trade lining up this year?

Equityclock.com notes that the period of seasonal strength for silver during the past 20 years has been from Sept. 16 to April 11. The "sweet spot" is from the end of October to the end of February. The trade has been profitable in 14 of the past 16 periods including 10 of the past 10 periods. Average return per period during the past 10 periods was 22.9%.

Seasonality in silver is influenced by an increase in industrial demand during its period of seasonal strength. About 40% of silver is used industrially - in solar batteries, water purification systems, cellphones, circuit boards, plasma televisions and radio frequency indentification devices (RFIDs).

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