halight Posted May 3, 2012 Report Share Posted May 3, 2012 If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update [Video] http://www.silverseek.com/article/if-silver-goes-down-all-hell-will-break-loose-physical-market-silver-investment-update-video Video and story at link =============== There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market. Link to comment Share on other sites More sharing options...
halight Posted May 3, 2012 Report Share Posted May 3, 2012 I just can not even get my head around a number this high for silver. =================================================================== The Possibility of $1,000 Silver before Hyperinflation http://www.silverseek.com/article/possibility-1000-silver-hyperinflation Link to comment Share on other sites More sharing options...
huntergatherer Posted May 4, 2012 Report Share Posted May 4, 2012 Silver lady Kate parties til dawn without losing her shine Fri, 04 May 2012 http://www.thesun.co.uk/sol/homepage/showbiz/4297798/Kate-Moss-parties-until-7am-at-the-Groucho.html Link to comment Share on other sites More sharing options...
Peppa Pig Posted May 9, 2012 Report Share Posted May 9, 2012 I was considering as a last hurrah, now that I have no cash left, to do a gold to silver swap. However, both seem to be going down in tandem and so there is no point. Anything over 60 to 1 is well worth throwing in my last ounce of gold for silver. I would prefer to sell gold and silver bullion and keep buying miners but it is nor practical when the markets are behaving such that in the time it takes to get settlement, we might have hit bottom and made a fantastic rally which would be a real bummer. Besides, violent movements in markets portend severe stress and it is not safe to have money and or precious goods in transit at such times. Counter party risks and all that. Link to comment Share on other sites More sharing options...
chazza Posted May 9, 2012 Report Share Posted May 9, 2012 Looking for above 70 G:S and 23/24 area silver. Link to comment Share on other sites More sharing options...
klogger Posted May 9, 2012 Report Share Posted May 9, 2012 Looking for above 70 G:S and 23/24 area silver. I have 26.50, 26.32, your 23/24 and then 21. Why do you think the 26's will be taken out, or do you not consider them support? Link to comment Share on other sites More sharing options...
Perishabull Posted May 9, 2012 Report Share Posted May 9, 2012 I was considering as a last hurrah, now that I have no cash left, to do a gold to silver swap. However, both seem to be going down in tandem and so there is no point. Anything over 60 to 1 is well worth throwing in my last ounce of gold for silver. Based on the SLV : GLD ratio the trajectory is down, so whilst they're both going down, silver is going down faster than gold. Since the silver top in April 2011 Gold has outperformed Silver. SLV/GLD 2 year The correlation between SLV and FXE (The Euro ETF), with GLD also shown; The Euro is very strongly correlated to Silver at the moment, what are your thoughts on the Euro Peppa? Link to comment Share on other sites More sharing options...
romans holiday Posted May 10, 2012 Report Share Posted May 10, 2012 Based on the SLV : GLD ratio the trajectory is down, so whilst they're both going down, silver is going down faster than gold. Since the silver top in April 2011 Gold has outperformed Silver. Every cloud has a silver lining. The ratio was due to bounce back. Silver remained surprisingly resilient against gold for quite some time, and if it goes still lower will swap my meagre holding of gold to silver.... that would be me pretty much 'all in' silver. Link to comment Share on other sites More sharing options...
Peppa Pig Posted May 10, 2012 Report Share Posted May 10, 2012 Based on the SLV : GLD ratio the trajectory is down, so whilst they're both going down, silver is going down faster than gold. Since the silver top in April 2011 Gold has outperformed Silver. SLV/GLD 2 year The correlation between SLV and FXE (The Euro ETF), with GLD also shown; The Euro is very strongly correlated to Silver at the moment, what are your thoughts on the Euro Peppa? I have no thoughts on the euro. Link to comment Share on other sites More sharing options...
chazza Posted May 10, 2012 Report Share Posted May 10, 2012 I have 26.50, 26.32, your 23/24 and then 21. Why do you think the 26's will be taken out, or do you not consider them support? Yeah, i think 26 should be reasonable support. Maybe 23 does (or doesnt) come from a panic low. I see 23-area as the bottom of a nice downward channel. Maybe that is a bit too far, 25 as 50% retracement should also be a decent support. Maybe I wont be greedy and will look for 25-26 area. Link to comment Share on other sites More sharing options...
14k Posted May 10, 2012 Report Share Posted May 10, 2012 Every cloud has a silver lining. The ratio was due to bounce back. Silver remained surprisingly resilient against gold for quite some time, and if it goes still lower will swap my meagre holding of gold to silver.... that would be me pretty much 'all in' silver. Hi do you still have positions in AGQ? Link to comment Share on other sites More sharing options...
drbubb Posted May 10, 2012 Report Share Posted May 10, 2012 Hi do you still have positions in AGQ? That could be smart here, or maybe options on AGQ, like the UGL Bull spreads I have bought Link to comment Share on other sites More sharing options...
romans holiday Posted May 11, 2012 Report Share Posted May 11, 2012 Hi do you still have positions in AGQ? Yes, very heavy in AGQ. Was lucky enough to buy at 40 on the dip, and then bought again at around 50.. on the current decline. Don't mind to much if it bumps around a bit here as think silver should bounce back nicely. Will look to off-load most of it on the next silver spike. Could be a wait of a year or two.... consolidation, slow build up, then spike. Link to comment Share on other sites More sharing options...
14k Posted May 11, 2012 Report Share Posted May 11, 2012 I started averaging in (small amounts) on Tuesday. Wish I knew when it would stop falling. There seems to be a lot of bearish sentiment floating round which is good, but gets me thinking I should be waiting until silver nudges below $27 before buying in bulk. I wish I understood options, so I'm going to have to give the calls and puts game a miss. Can you recommend any good books on options for lower intelligence people like me DrBubb. Link to comment Share on other sites More sharing options...
klogger Posted May 11, 2012 Report Share Posted May 11, 2012 I wish I understood options, so I'm going to have to give the calls and puts game a miss. Can you recommend any good books on options for lower intelligence people like me DrBubb. I have has the task of learning about options on my list for several months now, your post finally spurred me onto doing something about it. I ordered the book Options for the Beginner and Beyond: Unlock the Opportunities and Minimize the Risks as it seems to have gotten some very positive reviews. I wonder how long it will sit with my other books before I get around to reading it. Link to comment Share on other sites More sharing options...
Perishabull Posted May 12, 2012 Report Share Posted May 12, 2012 Posted when silver was at $36.4 I think this may be the end of the cyclical bull market in silver. ............................... ............................... ............................... ............................... Only time will tell. I'm not talked about this view much, since it doesn't sit too easily in my mind and it's not that easy to reconcile with my position that Gold remains in a bull market (although arguably that may be about to be tested). However, we have seen numerous examples over the last year of just how easy it is for silver to get cut down. Compared to other metals priced by ounce it is very cheap and there are regularly large amounts of silver derivatives traded (futures, options, ETFs etc), although the market is much smaller than gold. So yes it is a relatively cheap relative of gold and that makes it attractive and the silver market is relatively small, however although the size of the silver market is an attractive reason to believe that investing in silver longer term could be a sound investment the paradox here may be that this makes it silver's biggest weakness, it's easily manipulated. This may prevent the very substantial potential gains of the type you often hear trumpeted by those who don't have a deep knowledge of markets (and certainly I'm no expert). It's plain to see what has happened to the silver price when large numbers of sell orders hit the market, it has been summarily crushed on several occasions, whereas with gold although it has also taken a hit, the underlying strength is clear from the longer term charts. Pull up a silver chart and it looks like a Samurai warrior has been using it for target practice; Samurai Spirit 7 by Artgerm Link to comment Share on other sites More sharing options...
romans holiday Posted May 12, 2012 Report Share Posted May 12, 2012 Posted when silver was at $36.4 I'm not talked about this view much, since it doesn't sit too easily in my mind and it's not that easy to reconcile with my position that Gold remains in a bull market (although arguably that may be about to be tested). However, we have seen numerous examples over the last year of just how easy it is for silver to get cut down. Compared to other metals priced by ounce it is very cheap and there are regularly large amounts of silver derivatives traded (futures, options, ETFs etc), although the market is much smaller than gold. So yes it is a relatively cheap relative of gold and that makes it attractive and the silver market is relatively small, however although the size of the silver market is an attractive reason to believe that investing in silver longer term could be a sound investment the paradox here may be that this makes it silver's biggest weakness, it's easily manipulated. This may prevent the very substantial potential gains of the type you often hear trumpeted by those who don't have a deep knowledge of markets (and certainly I'm no expert). It's plain to see what has happened to the silver price when large numbers of sell orders hit the market, it has been summarily crushed on several occasions, whereas with gold although it has also taken a hit, the underlying strength is clear from the longer term charts. Pull up a silver chart and it looks like a Samurai warrior has been using it for target practice; Or silver is just more volatile... both to the upside and the downside. And then in the long term aggregate it should just reflect the appreciation of gold; 20% year on year. The long term charts show the correlation so far. These charts only cover 3 yeras. What would be more interesting is a long termer term chart [say from 2000] overlapping both silver and gold on the logarithmic. The annual 20% appreciation of both would then be more clearly seen.... with also the more massive volatility in silver, which is why I think it makes sense to trade silver as a hedge against long gold.... can be charted here [can not print for some reason]: http://goldprice.org/live-gold-price.html A moving average somewhere between the 50 and 200 week would be telling. Link to comment Share on other sites More sharing options...
LC1 Posted May 17, 2012 Report Share Posted May 17, 2012 I found the charts in this link quite interesting, maybe because they're presented in a way that is just about simplistic enough for me to grasp! Link to comment Share on other sites More sharing options...
14k Posted May 17, 2012 Report Share Posted May 17, 2012 I have has the task of learning about options on my list for several months now, your post finally spurred me onto doing something about it. I ordered the book Options for the Beginner and Beyond: Unlock the Opportunities and Minimize the Risks as it seems to have gotten some very positive reviews. I wonder how long it will sit with my other books before I get around to reading it. Just ordered this too, thanks for the suggestion. Link to comment Share on other sites More sharing options...
klogger Posted May 17, 2012 Report Share Posted May 17, 2012 Mine hasn't arrived yet, but it has spurred me on to reading another chapter of one of my half finished books (It is Dangerous To Be Right When The Government Is Wrong). good luck with the options book. Link to comment Share on other sites More sharing options...
Perishabull Posted May 23, 2012 Report Share Posted May 23, 2012 Link to comment Share on other sites More sharing options...
romans holiday Posted May 24, 2012 Report Share Posted May 24, 2012 This looks near bottom to me... third time down, and slow grind down this time.... now for the slow grind up: Link to comment Share on other sites More sharing options...
drbubb Posted May 25, 2012 Report Share Posted May 25, 2012 Tumbleweed here? That's good - that's bullisg, I reckon Link to comment Share on other sites More sharing options...
Perishabull Posted May 25, 2012 Report Share Posted May 25, 2012 Tumbleweed here? That's good - that's bullish, I reckon Yeah I post it when there have been a few days of non posting, last time it was 10 days before the low. Then for gold; Boring day today for POG. Forget the rockets, it needs one of these. The tumbleweed indicator. Link to comment Share on other sites More sharing options...
drbubb Posted May 25, 2012 Report Share Posted May 25, 2012 Yeah I post it when there have been a few days of non posting, last time it was 10 days before the low. Then for gold; The tumbleweed indicator. Here's another good indicator: Al Korelin: MP3 : mms://media.kitco.com/weeklyreport/Korelin20120524.mp3 Big Al and Trader Rog say that it's "Sideline Time" - by Al Korelin, May 24, 2012 www.kereport.com Al is ALWAYS bullish on Gold, so for him to say, "It sideline time," it may be a fairly rare BUY signal. The unwillingness of the old Gold Cult to post anything here. (are they embarrassed about having been too bullish, perhaps?) Is another BUY sigal, I reckon. The recent "near death experience" (that I spoke about in my Diary) have have frightened some of the now shell-shocked old Gold bulls, and they may miss out on the early part of the rally, if we are about to see one. Al said: "There's uncertainty out there..." There's always been uncertainty, and the time to be talking of it was near $1900! (as some of us were here.) Roger's comments make more sense than Al's Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now