Pixel8r Posted November 16, 2009 Report Share Posted November 16, 2009 Tightness in the physical gold market is now making it's way to the silver market as well. I expect silver to be catching up with gold very soon. Ted Butler on King World News talks about the situation building. http://kingworldnews.com/kingworldnews/Bro...als_Market.html Got Silver? I think this is the most important thing which has been controlling the price in silver recently, the cartel. Hopefully they have now backed them selves into a corner on silver as well as gold. Link to comment Share on other sites More sharing options...
Mr Pipples Posted November 16, 2009 Report Share Posted November 16, 2009 Looks like silver, that frisky mare, is bolting. Link to comment Share on other sites More sharing options...
aardvark Posted November 16, 2009 Report Share Posted November 16, 2009 You may be right Pixel8r, the big test comes at $18 though - we will see then if silver follows gold in an upwards direction bye bye $18 - smashed straight through it! Link to comment Share on other sites More sharing options...
Schaublin Posted November 16, 2009 Report Share Posted November 16, 2009 Anyone think that these rapid moves indicate that we are just starting to whiff the 'end game' with the paper/ETF rackets? I think silver will break first. Link to comment Share on other sites More sharing options...
Mr Pipples Posted November 16, 2009 Report Share Posted November 16, 2009 Anyone think that these rapid moves indicate that we are just starting to whiff the 'end game' with the paper/ETF rackets? I think silver will break first. Just thinking that too... The silver shorts must surely be getting a bit twitchy. Link to comment Share on other sites More sharing options...
FWIW Posted November 16, 2009 Report Share Posted November 16, 2009 I am looking for a close of 18.05 for silver, and then things will get exciting. Next target $21.35 Only seems like an hour ago I was targeting $18.05 Link to comment Share on other sites More sharing options...
electroweak Posted November 16, 2009 Report Share Posted November 16, 2009 http://gold.approximity.com/gold-silver_watch.html Hi GF; love those scatter charts! One question, do you think we might be seeing some kind of pattern where gold drags silver up along a tight curve as seemed to happen in early 2004 ? - then silver kind of overtakes gold? Link to comment Share on other sites More sharing options...
azazel Posted November 16, 2009 Report Share Posted November 16, 2009 Silver doing nicely today. IMO, the USD silver 5 year chart looks like silver is still correcting from its last move to $21, just as gold did at $1000. The next move in silver will be to $30 Link to comment Share on other sites More sharing options...
InSilverWeTrust Posted November 16, 2009 Report Share Posted November 16, 2009 $18.41 I don't if I should laugh or cry Had a feeling over the weekend it was time to make another buy...dam Anyway...Let the fireworks begin Platinum up $60...what's going on there! Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 16, 2009 Report Share Posted November 16, 2009 Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 16, 2009 Report Share Posted November 16, 2009 Hi GF; love those scatter charts! One question, do you think we might be seeing some kind of pattern where gold drags silver up along a tight curve as seemed to happen in early 2004 ? - then silver kind of overtakes gold? Yes, I think this could happen, because some hedge fund sooner or later will try to break the shorts' back. It could be a very bumpy ride though. People like Sinclair have announced they will sell silver if gold reaches $1,220 and silver still only be in the lower $20s or below. But I don't think the big money will be able to resist the best short squeeze of the century. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted November 16, 2009 Report Share Posted November 16, 2009 this chart is work in progress (it could end up in the recycle bin!) Link to comment Share on other sites More sharing options...
njpurser Posted November 16, 2009 Report Share Posted November 16, 2009 Boy does this feel good! Nick Link to comment Share on other sites More sharing options...
wren Posted November 17, 2009 Report Share Posted November 17, 2009 The EUR and GBP charts of silver display an inverted head and shoulders analagous to the USD gold one. I wonder if these will follow through in the same way. GBP silver is still slightly below its March '08 all-time high while EUR silver recently broke its old March '08 high. If they do blast off from an inverted H&S pattern it could be pretty spectacular. Link to comment Share on other sites More sharing options...
Jake Posted November 17, 2009 Report Share Posted November 17, 2009 Did anyone buy any English Roses? If so what are they like? Still awaiting confirmation of order...but in the meantime I managed to secure a mint roll of Kennedy '64's, some old Morgan dollars and other bits and bobs just for ehem, emergencies... Link to comment Share on other sites More sharing options...
Pixel8r Posted November 17, 2009 Report Share Posted November 17, 2009 Silver Upholstery the Newest Source of Demand Link to comment Share on other sites More sharing options...
Pixel8r Posted November 18, 2009 Report Share Posted November 18, 2009 Cheaper to buy silver four months in the future than it is with the spot price now!!!!! Got Gold Report: COMEX commercial shorts in retreat for silver Backwardation in both gold and silver again Just as we saw two weeks ago in the last full Got Gold Report, both gold and silver futures ended the week in backwardation, where the cash or spot price was higher than the front active contracts. In the case of gold, cash gold closed at $1,119.20, which is $2.50 above the December contract as shown in the table below courtesy of Barcharts.com. Notice also that the cash price finished higher than the February contract by more than $1 and was just a whisker below April. Note that silver futures are also in backwardation, which is rare and unusual in the metals futures markets. Backwardation suggests that demand for physical metal is immediate and material. Cash silver finished the week higher than the December and March contracts. We are witnessing the early stages of metal scarcity or at least the immediate perception of it. Actual scarcity will almost certainly follow – if the world holds it together. The only question is when. The irony is that long-time veteran metals traders scarcely believe it – yet. As we have said previously, while backwardation by itself does not guarantee that the metals will advance in price, most analysts and traders view backwardation as a much more bullish than bearish condition. All else being equal, both gold and silver should, repeat should, remain well bid on most any dip in the near term, especially given interesting and unusual developments in the commercial net short positioning detailed below in the Gold and Silver COT sections. Link to comment Share on other sites More sharing options...
sine270 Posted November 18, 2009 Report Share Posted November 18, 2009 Anyone think that these rapid moves indicate that we are just starting to whiff the 'end game' with the paper/ETF rackets? I think silver will break first. Well my silver ETF still seems to be tracking the price of silver quite nicely. If there is any sign of and endgame for the ETF's though, I hope the silver one goes splat before my gold one. Link to comment Share on other sites More sharing options...
kkeegan123 Posted November 18, 2009 Report Share Posted November 18, 2009 Did anyone buy any English Roses? If so what are they like? Still awaiting confirmation of order...but in the meantime I managed to secure a mint roll of Kennedy '64's, some old Morgan dollars and other bits and bobs just for ehem, emergencies... Tried to buy some back on the 11th Nov from Sarnia but my order couldn't be filled because they only had 7 left. Went to CID and got brits and eagles instead. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted November 18, 2009 Report Share Posted November 18, 2009 Did anyone buy any English Roses? If so what are they like? Still awaiting confirmation of order...but in the meantime I managed to secure a mint roll of Kennedy '64's, some old Morgan dollars and other bits and bobs just for ehem, emergencies... Jake, is your order with CID? Link to comment Share on other sites More sharing options...
Jake Posted November 19, 2009 Report Share Posted November 19, 2009 Jake, is your order with CID? Yes. At least for the Roses. Why? Is there something I should know? US stuff not with them BTW. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted November 19, 2009 Report Share Posted November 19, 2009 Yes. At least for the Roses. Why? Is there something I should know? US stuff not with them BTW. no not really i am just trying to ascertain mintage numbers and wondering whether this years batch will be quite low in number Link to comment Share on other sites More sharing options...
warpig Posted November 20, 2009 Report Share Posted November 20, 2009 Silver About to Explode Higher? Though I have believed deflationary forces were too powerful to be overcome by government intervention, global capital flows and/or an insane level of intentional wasting of money may prove to be too much. If silver breaks out to new highs for the decade, the deflation argument is going to look mighty thin. I remain hedged with Gold, as an inflationary holocaust means that Gold will peak in the $5,000-$20,000/oz range instead of the $2,000-$3,000 range. Either way, Gold holders will win over general stock holders. However, in a heavy inflationary environment, I believe silver has greater upside potential than Gold. Needless to say, I am going to hang on to my remaining physical silver until I see how this one plays out. Link to comment Share on other sites More sharing options...
CharlieSays Posted November 20, 2009 Report Share Posted November 20, 2009 The Silver Bull Starts Soon.... from stellaconcepts http://www.youtube.com/watch?v=UBe-KT9wcwE He starts off talking about trading gold, sorry Goldfinger, but about moves on about half way through talking about silver being able to break out, posslible fallback to 18 or 17.50 then up, Then interesting comment towards end on Commex. C Link to comment Share on other sites More sharing options...
electroweak Posted November 20, 2009 Report Share Posted November 20, 2009 Special offer... As of early Saturday morning, November 21st 2009, we will be offering a silver coin at a fixed price as long as the reserved stock for this offer lasts! Visit our website www.CoinInvestDirect.com on Saturday to find out more! Link to comment Share on other sites More sharing options...
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