SILVER

[InSilverWeTrust]

WHY GOLD AND SILVER - THE MOVIE TRAILER

 

http://goldsilver.com/why-gold-silver-the-...052/dc/sgpromo/

 

Movie is 1% from finished, being translated right now.

 

http://goldsilver.com/news/newsID/7848/tPath/2/

 

http://www.youtube.com/user/whygoldandsilver

[electroweak]

Yes, I made a 10% profit on my trading position which was sold for dollars at 17.90.

 

Previously, I had a large core buy and hold position in silver [non-trade... waiting for a lower ratio etc] besides a core holding in gold. I was treating gold and silver the same, though I'd trade a small part of that silver. I no longer think silver is a "leverage" on gold, and think it will remain very volatile against the dollar, hence the conversion to gold.

 

Now with a larger core holding in gold, I will feel much more relaxed to trade a large position in silver [looking to increase it]. I'm bullish on both silver and dollar, and I don't think the volatilty we've seen between them is going to change anytime soon. This silver/dollar trade is also a dollar hedge against a rather large gold holding.

 

Different strokes for different folks. Anyway, I'm sure silver will break out at some point for the silver bugs.

I know you were considering Yen instead of silver at one point. Hope you decided against that...

 

http://www.telegraph.co.uk/finance/finance...evaluation.html

Japan mulls monetisation of public debt and yen devaluation

Japan’s ruling party has called for drastic monetary easing to devalue the yen by 30pc and halt the slide into deflation, putting it on a collision course with the Bank of Japan

[BertieBee]

"Japan’s ruling party has called for drastic monetary easing to devalue the yen by 30pc and halt the slide into deflation, putting it on a collision course with the Bank of Japan"

 

I wonder who has the most power, the puppet government or the Central Bank?

 

Hello BTW. First post, sorry for the formatting. And yes, I'm holding Yen.

 

[romans holiday]

I know you were considering Yen instead of silver at one point. Hope you decided against that...

 

http://www.telegraph.co.uk/finance/finance...evaluation.html

Japan mulls monetisation of public debt and yen devaluation

Yes, I got out of Yen a while back. The chart against Euro and dollar suggests it has turned. The only fiat I keep for trading/ hedging purposes now is the dollar.

 

Still, it looks like further jawboning to me. How can they forcibly devalue the Yen? They couldn't introduce a Chinese style fix... that would close the US market to them.... not to mention other markets. They couldn't just suddenly declare the Yen to be worth a third less... this would involve the dismantling of the fx market... not to mention riots at home. All they can do is try to scare investors.

 

 

[romans holiday]

"Japan’s ruling party has called for drastic monetary easing to devalue the yen by 30pc and halt the slide into deflation, putting it on a collision course with the Bank of Japan"

 

I wonder who has the most power, the puppet government or the Central Bank?

 

Hello BTW. First post, sorry for the formatting. And yes, I'm holding Yen.

Welcome to GEI. There is a good chance we'll see another round of deleveraging at some point. Yen would no doubt spike against everything else at this time.

[Jake]

Welcome to GEI. There is a good chance we'll see another round of deleveraging at some point. Yen would no doubt spike against everything else at this time.

144 to the pound and 93.37 against the dollar at present moment. Where do you envisage a spike could go to?

[G0ldfinger]

Welcome to GEI. There is a good chance we'll see another round of deleveraging at some point. Yen would no doubt spike against everything else at this time.

Maybe, maybe not. Look what happened to Palladium. The money pumping works.

[romans holiday]

144 to the pound and 93.37 against the dollar at present moment. Where do you envisage a spike could go to?

Further south.... 100? [check out that truly awful chart]. The Yen carry trade is back on again... it may take a couple more bops on the head before investors get it.

 

[romans holiday]

Maybe, maybe not. Look what happened to Palladium. The money pumping works.

Yeah, but the "fix" is just a high in the short term. We get the junkie stage bfore the zombie one.

[electroweak]

Just been over to Sarnia Silver at http://www.sarniasilver.com/index.html

Big banner:

>> Apologies Stock levels are getting Low <<

 

Also, my favourite 1oz gold coin is out of stock at CID.

Things beginning to heat up in the physical side?

 

[shawth]

In the spirit of recent posts and Dr Bubb putting his neck / reputation on the block by publishing trades on the day that they are made...............I am currently trading Hecla mining options. the under-lying stock since hitting its feb lows has been trading in a pattern of up 15-20% followed by a trade down of 9-10% followed up 15-20% etc

 

I have traded this pattern well over the last month and have doubled my trading account through purchasing calls and puts.

 

The 4% smack down today rounds out the last 10% fall and I now think we are set up nicely for a very strong up run in the hui and all precious metal stocks. This also ties in nicely with the late spring seasonal peaks.

 

So I have just sold my puts and reversed back the dumper truck and loaded up with 6$ May 22 HL calls today at $0.24. If this plan works I will then be looking to buy puts from a high peak into the summer doldrum months.

 

Lets see how they do........

 

 

[azazel]

Just been over to Sarnia Silver at http://www.sarniasilver.com/index.html

Big banner:

>> Apologies Stock levels are getting Low <<

 

Also, my favourite 1oz gold coin is out of stock at CID.

Things beginning to heat up in the physical side?

 

I give up, whats your favourite oz coin chris?

[electroweak]

I give up, whats your favourite oz coin chris?

ok, it's a 1oz 9999 maple . At the moment, they only have the special 'olympic' ones (over-priced by about GBP20!) and the 99999 ones which are quite expensive imo. the 'Verschiedene Jahre' ones are 999's. I'm not too keen on those really early ones as I have one with a bit of red-spot.

 

 

 

[electroweak]

More possible physical shortage? - Ted Butler...

http://kingworldnews.com/kingworldnews/Bro...als_Market.html

 

[Ted Butler on movements in the SLV]

I think this decline in the SLV is an actual withdrawal....

Question is it being taken out... which I think is the case because it's needed somewhere else....

This withdrawal from the SLV suggests to me it's very bullish....

It may be anticipating that the long awaited silver shortage is at hand.

 

[Eric King]

so what you're saying is that they need metal and there is no place to get it and they are going in and grabbing it from SLV.

 

[Ted Butler]

Bingo

[azazel]

ok, it's a 1oz 9999 maple . At the moment, they only have the special 'olympic' ones (over-priced by about GBP20!) and the 99999 ones which are quite expensive imo. the 'Verschiedene Jahre' ones are 999's. I'm not too keen on those really early ones as I have one with a bit of red-spot.

 

Have you got one of the 99999 maples? I think its my favorite 1 ounce coin. Im suprised you got red spot on 999 gold.

[Errol]

My favourite silver/gold coin is the American Eagle.

[electroweak]

Have you got one of the 99999 maples? I think its my favorite 1 ounce coin. Im suprised you got red spot on 999 gold.

No but I thought about it. Do they come in a plastic card or something? I don't think I'd like that. I want to be able to weigh and measure my bullion!

[romans holiday]

More possible physical shortage? - Ted Butler...

http://kingworldnews.com/kingworldnews/Bro...als_Market.html

But wouldn't you agree that many buying SLV are just trading the price of silver? They are not so concerned about having a long term allocated bullion position as trading the silver dollar price for a profit. As Jim Rickards mentioned on KWN recently, these financial instruments usually state outright the risks facing investors.

 

Isn't it just a case of investors not being naive and doing due diligence?

 

Most market participants simply do not share the kind of "puritanical" approach to metals that gold/ silver "bugs" do. Of course, this doesn't mean that there shouldn't be more oversight and regulation of these financial products.

[electroweak]

But wouldn't you agree that many buying SLV are just trading the price of silver? They are not so concerned about having a long term allocated bullion position as trading the silver dollar price for a profit. As Jim Rickards mentioned on KWN recently, these financial instruments usually state outright the risks facing investors.

 

Isn't it just a case of investors not being naive and doing due diligence?

 

Most market participants simply do not share the kind of "puritanical" approach to metals that gold/ silver bugs do. Of course, this doesn't mean that there shouldn't be more oversight and regulation of these financial products.

Yes, i agree. Ted seems to be saying though that COMEX is the cheapest place to get physical once again, and this should not be the case in a normal market. We might be going for a repeat of massive delays and shortages again?

 

[azazel]

No but I thought about it. Do they come in a plastic card or something? I don't think I'd like that. I want to be able to weigh and measure my bullion!

 

Yes it does come in a plastic card with all the details printed on it. The card has a coin capsule moulded into it so you can pop the lid of to stroke it if you must. I think its worth having a bit of the purist gold you can get and I much prefer the design which is the same as the 100kg coin.

 

Errol, I like the silver eagle (I have no gold eagles), nice coin, but I prefer the pandas.

[njpurser]

Yes it does come in a plastic card with all the details printed on it. The card has a coin capsule moulded into it so you can pop the lid of to stroke it if you must. I think its worth having a bit of the purist gold you can get and I much prefer the design which is the same as the 100kg coin.

 

Errol, I like the silver eagle (I have no gold eagles), nice coin, but I prefer the pandas.

 

100kg coin?

 

Slap that on the counter at the offlicence and you'll get some raised eyebrows!

 

Nx

[jerpy]

Just been over to Sarnia Silver at http://www.sarniasilver.com/index.html

Big banner:

>> Apologies Stock levels are getting Low <<

 

Dont always look in there, but notice they slightly pushed up the price of Eagles the last few days.

 

Think they provide a good customer service.

[Concrete Jungle]

Dont always look in there, but notice they slightly pushed up the price of Eagles the last few days.

 

Think they provide a good customer service.

 

 

The last lot of "rough Buffaloes" I purchased from Sarnia / Silvercoinsbullion not that long ago cost £13.50 per oz posted, now up to £14.99.

[DoctorSolar]

The last lot of "rough Buffaloes" I purchased from Sarnia / Silvercoinsbullion not that long ago cost £13.50 per oz posted, now up to £14.99.

Used to be able to pick up sterling silver medals and commemorative coins on eBay for spot or below no problem. But recently I have been getting significantly outbid. Could it be that either savvy members of the public are hoovering it up as an inflation hedge or the pros are doing it?

 

Int he same vein.... Just spoke to a car dealer and he has sold 93 top of the range land rovers recently! And this is in a reasonably small outlet. He says the people buying are all quite wealthy but they all have the same story of wanting to buy now as they think/know the value of their sterling cash is being eroded rapidly. These folks want of of cash right now.

 

Deflation in things priced in sterling? Forget it!

 

Always makes me laugh that one. My newspaper keeps trying to tell me that we should all be awake at night worrying about deflation. They put up their subscription charges by 33% in the same issue! Ah well at least they have a sense of humor eh?

[Concrete Jungle]

<br />Used to be able to pick up sterling silver medals and commemorative coins on eBay for spot or below no problem. But recently I have been getting significantly outbid. Could it be that either savvy members of the public are hoovering it up as an inflation hedge or the pros are doing it?<br /><br />Int he same vein.... Just spoke to a car dealer and he has sold 93 top of the range land rovers recently! And this is in a reasonably small outlet. He says the people buying are all quite wealthy but they all have the same story of wanting to buy now as they think/know the value of their sterling cash is being eroded rapidly. These folks want of of cash right now.<br /><br />Deflation in things priced in sterling? Forget it!<br /><br />Always makes me laugh that one. My newspaper keeps trying to tell me that we should all be awake at night worrying about deflation. They put up their subscription charges by 33% in the same issue! <img src="style_emoticons/default/laugh.gif" style="vertical-align:middle" emoid="" border="0" alt="laugh.gif" /> Ah well at least they have a sense of humor eh? <img src="style_emoticons/default/wink.gif" style="vertical-align:middle" emoid="" border="0" alt="wink.gif" /><br />

I have noticed the old Mexican pesos .800 - .720 silver are now selling for daft prices comapred to what I paid for mine a few years ago.