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shawth Newbie

shawth

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Peak Date | 200dma(£) | spot (£) | Relativity (spot / 200dma)

 

Today | 12.15 | 17.55 | 1.44

 

17/03/08 | 7.35 | 10.43 | 1.41

 

19/04/06 | 5.16 | 7.96 | 1.54

 

13/04/04 | 3.30 | 4.32 | 1.3

 

 

Getting itchy fingers. Due to QE2 will hold off from selling for a wee while yet.

 

Does anyone remember what the market fundamentals were that drove the 04, 06 and 08 peaks? Is it a co-incident that we are seeing silver peaking every 2 years?

 

Or is this the blow off peak that we have all been talking about? Personally I don't think we are near that point, so it has to be time to very soon to get out of this trade, despite the exuberance there is for silver right now.

 

I will wait until rel = 1.55 then bail out.

 

An anomoly in the pattern is seasonally it is the wrong time of year, ie I was expecting the peak in March - April as per previous peaks.

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G0ldfinger Newbie

G0ldfinger

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Or is this the blow off peak that we have all been talking about? Personally I don't think we are near that point, so it has to be time to very soon to get out of this trade, despite the exuberance there is for silver right now.

This is an intermediate run. I don't think we will see the maximum in gold or silver within the next year or so. As for silver, if we see a commercial signal failure and the ratio goes below 30:1, it might be time to start swapping it for gold for while. At the moment there is no point yet in doing it if you don't trade the ratio on a more regularly basis. But we're below 50:1 now, so let's watch this closely.

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Guest foobar

Guest foobar

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This may have been posted elsewhere, but a very interesting interview with David Morgan on the Keiser report, check this:

 

a $5 move in the gold market would buy the entire silver (physical) market

 

GF maybe $5.50 with the G/S ratio changing by the second? ;)

 

Maybe this info is hidden elsewhere on the forums and I haven't done my homework, but that seems like an incredible fact and with the back drop of the silver manipulation trials the golden rocket, may well get lapped many times over by the silver one!

 

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Concrete Jungle Newbie

Concrete Jungle

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A couple of silver snippets.

 

http://www.zerohedge.com/sites/default/fil...t%20Lawsuit.pdf

 

Followed by

 

Thanks for the Silver: An Open Letter to JPMorgan and HSBC

 

Ted Butler, famous silver analyst and the guy who kept up the pressure about the corruption in the silver futures market for the last 15 years, is in the InvestmentRarities.com newsletter recently talking about silver, and notes dryly that "world silver inventories are at their lowest point in 200 years."

 

Well, this kind of news is for silver very important, but for me it is overshadowed by the new report of the company's new Employee Satisfaction Survey, a stack of lies put out by the lying morons in the Human Resources Department, reportedly showing that my popularity is at its lowest point in my career, including that time when the Accounting Department burned me in effigy.

 

The report now includes an anecdote that 2 mysteriously unnamed employees now have comedic license plates on their cars emblazoned with the phrase "Go To Hell Mogambo (GTHM)."

 

Naturally, these two "unnamed employees" have to be Carl and Porky, two of the biggest nitwits in the whole company whom I have every day – every day! – told to buy silver because neo-Keynesian econometric madmen have seized control of the Federal Reserve and are creating so much money, so unbelievably much money, so impossibly much money that guaranteed inflation in prices will destroy us.

 

They never do.

 

And worse, nowadays they try to actually hide when they see me coming, making it difficult to advise them to, you know, immediately buy silver, which I am sure will prove to be the Biggest Freaking Bargain (BFB) of the next fifty years, if not more. More!

 

They are, like I said, nitwits, but they can run like deer.

 

And it is too bad, too, because they don't get to learn that Mr. Butler says, concerning silver, "Here we have a vital material, known to all men for all time, literally disappearing before our eyes, both above and below ground. It is a material upon which modern life and rising standard of living are dependent. It is beyond indispensable, it is a miracle metal."

 

Indeed, he adds that silver is used in so many industrial applications that "aside from petroleum, silver is used in more applications than any other commodity."

 

Well, it turns out that silver is, as predicted, rising, but it may not be just because people are slapping themselves on the forehead and saying, "What was I thinking? I hate to say it, but that Loud Moron Mogambo (LMM) is right: We gotta get silver, fast, and in bulk!"

 

Or it may be because the corruption in the silver futures market, that Mr. Butler has long exposed, is coming to a head, as Ed Steer of Ed Steer's Gold & Silver Daily reports that "of course" the big story of late is "news of the lawsuits filed against both JPMorgan and HSBC USA for conspiring to drive down silver prices and reaping hundreds of millions of dollars of illegal profits."

 

Incensed, I immediately want to sue somebody, too! Those bastards! Those lying, cheating bastards!

 

Then I remember that I was able to buy silver all along because these scumbags kept the price of silver low with their manipulations! With a sudden start, I realize I owe them a note of thanks!

 

Stunned by the revelation, I sit down to compose my thank-you note. I write:

 

Dear JP Morgan and HSBC scumbags,

 

Thank you for manipulating the price of silver so unbelievably low by your corrupt naked-shorting So Freaking Much (SFM) "paper silver," which allowed me and so many others to buy silver at low, low, bargain prices for all these years, which we did because we understand Austrian business-cycle theory and thus know that the treacherous Federal Reserve creating so much money will lead to terrifying inflation in prices, and we know that gold and silver will rise as the buying power of the dollar falls.

 

And especially silver, which is the subject of this note, and which should be selling at $90 Right Freaking Now (RFN) to maintain its historical 15:1 ratio to the price of $1,350 price of gold, which, too, is manipulated and thus destined for higher prices, dragging silver along with it.

 

And now both of these precious metals will go much, much higher from here because the treacherous Federal Reserve is literally asking banks and Treasury-debt dealers how many trillions of dollars of new money the Fed should create! Inflation will soar!

 

So, thanks again, scumbags!

 

Respectfully yours,

 

Mixed Feelings in Florida.

 

As for buying gold, silver and oil when the Federal Reserve is creating so unbelievably much new money so that the horrid Obama administration can deficit-spend it, my feelings are not mixed. They are gleeful, as in, "Whee! This investing stuff is easy!"

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Carlton Newbie

Carlton

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Posted
An anomoly in the pattern is seasonally it is the wrong time of year, ie I was expecting the peak in March - April as per previous peaks.

 

Yes, instead we seem to be on course for a peak in winter/spring 2011. Perhaps the delayed rally was due to the power of the deflationary collapse in 2008. It wouldn't surprise me for the collapse to affect silver more than gold.

 

 

Yes, don't touch SLV. Get the real stuff.

Well, it may make a nice short if you're long silver miners.

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Kilham Newbie

Kilham

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Hi Guys,

 

Just a quickie, what are your thoughts on these please.

 

http://cgi.ebay.co.uk/SILVER-BULLION-BARS-...=item4aa5f84b8c

 

They don't seem to be attracting much interest with only 2 hrs to go...

 

JL

 

Hmmmmmm

 

If you thought you had the best part of £4k in silver would you

 

A: Take it to be assayed then sell it with certification?

 

B: Flog it on feebay and hope it sells?.

 

Anyone reckon the Chinese inscription reads 'Silver solder'?

 

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lyb Newbie

lyb

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""Yes, don't touch SLV. Get the real stuff"".

 

 

I have too many shares of SLV, so this summer I started diversifying in other ETF's like SIVR.

I can only do this gradually, since I only trade a small part of my holdings.

I have also started using closed end funds like CEF, to hold some silver.

 

Physical, almost impossible to obtain, where I am, and I have been burned by silver mining shares

(PAAS,CDE,SSRI,HL) only PAAS has fully recovered, except SLW which was a brilliant choice (thanks Dr. Bubb !).

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Schaublin Newbie

Schaublin

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Hmmmmmm

 

If you thought you had the best part of £4k in silver would you

 

A: Take it to be assayed then sell it with certification?

 

B: Flog it on feebay and hope it sells?.

 

Anyone reckon the Chinese inscription reads 'Silver solder'?

 

 

I saw that listing and thought it a bit odd - as you say, why not get get it assayed. ebay eh!

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G0ldfinger Newbie

G0ldfinger

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I saw that listing and thought it a bit odd - as you say, why not get get it assayed. ebay eh!

Prediction: he'll fetch close to spot.

 

EDIT: Too bad I'm not living in the UK anymore. But then, could I ask the seller to send it to a UK-based friend?

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azazel Newbie

azazel

Posted
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Hi Guys,

 

Just a quickie, what are your thoughts on these please.

 

http://cgi.ebay.co.uk/SILVER-BULLION-BARS-...=item4aa5f84b8c

 

They don't seem to be attracting much interest with only 2 hrs to go...

 

JL

 

The bars on the left look like lead to me. They have a white bloom which is typical of older lead. The bars on the right look like chinese bars. I would consider buying them if they were really cheap but only paying by pay pal using a credit card. Get assayed, if their silver, great, if not claim a refund off paypal or credit card and the only loss would be the cost of assaying and the missing out on owning the real stuff. But I would not bother as Im OK for silver thanks :)

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G0ldfinger Newbie

G0ldfinger

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The bars on the left look like lead to me. They have a white bloom which is typical of older lead. The bars on the right look like chinese bars. I would consider buying them if they were really cheap but only paying by pay pal using a credit card. Get assayed, if their silver, great, if not claim a refund off paypal or credit card and the only loss would be the cost of assaying and the missing out on owning the real stuff. But I would not bother as Im OK for silver thanks :)

From the image you can't tell too much. Some silver bars look very white on photos. I am not sure what (silver plated?) lead would look like. If they're fakes, they have to be older fakes. It could be worth the gamble. 45 min to go, but not exactly close to spot yet! :lol:

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