Perishabull

Excerpt from Silver Phoenix 500;

"Silver Price To Head Higher As Cost of Production Forms A Base

Many precious metal investors today are troubled by the current weakness in the price of silver and are concerned that prices could fall much lower. While the price of silver could continue to fall a bit from here, it’s more likely we will see a higher, rather than a lower trend in 2014.

If we look at the table below, we can see the total three-quarters of financial metrics from my top 12 primary silver miners.

By adding up all the figures, we can see some interesting data points. For example, the top 12 primary silver miners recorded a combined $2.36 billion in total revenue for Q1-Q3, while their adjusted income amounted to only $1.4 million.

Thus, the average realized price received by the top 12 silver miners for the first nine months of 2013, was $24.58. Their estimated silver break-even turns out to be one cent less at $24.57.

Even though this is the average for the first three-quarters of the year, the group was able to lower their break-even to $21.39 in Q3. I don’t believe the break-even will be much less (and probably higher) due to the fact that the group sold 1.4 million more silver in Q3 than they produced.

Furthermore, the group produced 68.8 million oz of silver for the first nine months of 2013 while they sold 69.7 million oz. I highly doubt they will continue to sell more silver than they are producing for the next several quarters.

It is quite amazing to see that these 12 primary silver miners had $2.36 billion in revenue during the first nine months of 2013 while only showing $1.4 million of adjusted income. The power of the FED is mighty indeed. The net income of a negative $554 million for the Q1-Q3 was due to the huge write-downs during the second quarter.

The Price Of Silver Is Below The Group Average Cost of Production

The current price of silver is $19.40, while the estimated break-even for the top 12 primary silver miners in Q3 was $21.39. According to Kitco, the average price of silver so far in Q4 is $20.76 or 63 cents less than the prior quarter.

I imagine we may see continued losses from the group in the last quarter as the miners receive a lower price for their silver and as stockpiled silver sales are reduced. However, there is a chance that we may indeed see a small gain for the group in Q4 if the by-product revenues increase due to stronger prices for copper, zinc and lead (Q over Q) and costs continue to decline."

Sentiment December 18th

Sentiment at end November;

Money Flow Index is an indicator that has worked well many times in the past for silver;

It's just passed it's lowest point within the last 5 years

Those all in on gold must be doubting themselves now.

 

As a good news, I am trying to realize my car project along with Israelis. I've always accepted the intelligence of these people. I am sure we could do something about our region, … positive in the environmental and political perspective:

 

 

 

Link: http://www.tinyurl.com/mm-ys-2013

 

Sounds good, keep us posted.

I saw an interview recently with Kris Hopkins MP, the current housing minister. He was being quizzed on whether the Help to Buy scheme would perpetuate another housing bubble. He explained that we were nowhere near a bubble, his justification was that housing transactions are only 60% of the level they were at pre-crash. So his benchmark for 'normal' volume is the euphoric frenzied activity prior to a crash.

Surely he's not being serious. It just seems to be unofficial government policy to keep the housing plates spinning eternally.

I've just been to his parliamentary web page, Kris has a degree in communications and cultural studies from Leeds University so clearly he is the right person for this job, ie stating the Help to Buy scheme is for one reason rather than the actual real reason.

Excuse me , how the f**k do you post an image on here these days???

IMG url location of image /IMG

You need to enclose the IMG and /IMG in square brackets [ ]

I've been looking into trying trancendental meditation. I've just been reading online about it, apparently Ray Dalio is into it.

From the GQ guide to trancendental meditation;

"But the name that jumped out most when I started looking at TM's fans was Ray Dalio, founder and chairman of Bridgewater, the world's largest hedge fund. Dalio is a superhero of the financial world. And what the 63-year-old has to say about TMwhich he started doing forty years ago, in collegeis not ambiguous: "I think meditation has been the single biggest reason for whatever success I've had." This from the thirty-third-richest man in America."

Now THAT is interesting.

http://www.gq.com/life/health/201309/gq-transcendental-meditation-guide

Interesting charts from Silver seek -http://www.silverseek.com/article/don’t-miss-out-these-important-charts-12615

Chart from 10th September;

Zeal LLC seem to think this looks like a positive point for silver;

http://www.zealllc.com/2013/silverlp.htm

"The bottom line is silver today looks to be on a powerful technical launchpad. Despite extreme fear and despair near its brutal late-June lows, silver bounced off the confluence of multiple major support zones and has been rallying on balance ever since. It remains out of favor and way too low relative to gold, which gives silver enormous potential to far outpace gold’s advance as the precious-metals uplegs accelerate.



As always emerging out of hyper-bearish major lows, mainstream investors haven’t caught on. You won’t be hearing about silver’s new upleg on CNBC until its lion’s share is already past and the big easy gains have already been won. But for the brave contrarians willing to buy low when few others will, the bullish implications of today’s silver support convergence offer an exceptional opportunity to get in early and cheap."

 

The tumbleweed indicator.

 

 

For the uninitiated, I post the tumbleweed when there has been a barren period (ie no posts on this topic for a while). Since this is likely a reflection of negative sentiment in the market it's good contrarian indicator. Up until the last couple of posts there had been a period of just over 5 weeks without posting on this topic...

 

That was indeed a good time to buy silver...;

bump

The slow slide action and few postings here are like the OPPOSITE of a Rocket, I suppose

May be a buy signal....?

Perhaps it could be merged with this one http://www.greenenergyinvestors.com/index.php?showtopic=15517&p=230573

Rock bottom mortgage rates = Peak prices

 

http://www.telegraph...-of-3.43pc.html

 

 

The Bank of England announced that the average mortgage interest rate fell to 3.43 per cent in the three months to June, down from 3.47 per cent the previous quarter, while the average rate for new mortgages fell from 3.65 per cent to 3.47 per cent.

 

But borrowers have been warned that rates have already started to creep up again since the figures were compiled, meaning the era of all-time low mortgages may be at an end.

 

*******

 

I can concur with this. Before I remortgaged last month, the 2.85% deal I was hope to get was pulled, and replaced with a 2.99% deal (Virgin). Still very low of course, but I rather think that we cannot go any lower.

Chelsea BS are offering a 5 year fixed rate for 2.69% (75%). Unbelievable. I'm rather doubtful that these same low rates will still be around when we are due to switch to another deal in April 2015....

The agents are pumping some Expensive London properties,

now that the summer is over...

 

 

Le Corniche - would anyone else buy it ??

Well isn't this just marvelous news for all those bright young things with newly minted degrees and tens of thousands of pounds of student debt.

Time for a brand new rally.

Have the silver bugs woken up yet? Look, signs of life..........................well perhaps............., either that or just a load of shorts having their stops taken out.

The tumbleweed indicator.

For the uninitiated, I post the tumbleweed when there has been a barren period (ie no posts on this topic for a while). Since this is likely a reflection of negative sentiment in the market it's good contrarian indicator. Up until the last couple of posts there had been a period of just over 5 weeks without posting on this topic...

But how good is it as an indicator?

Must be time to buy then!