Topic: Silver shot up. - page 3. (Read 5953 times)

Agree with your theory that exactly this will happen. But before, a significant precious metal correction and dollar rally is due. Watch USDCHF as leading currency indicator. It is up 10% from the low 10d ago. As long as USDCHF is above this 0.7062 $  low, a big rally of the USD is likely.

It has been true until now that when there has been a downturn investors have cashed out into dollars. But at some point it might not be the case and investors could start cashing out into precious metals. Im always checking the price of gold and silver when the stock markets crash. If they keep going in opposite directions it means the dollar is fucked. I dont think it will happen now, but its very possible at some point during this crisis.

I didn't say to buy thorium. It seems very abundant compared to the energy it contains. The bigger reserves are in australia, us, india and then china if I remember it well. You should buy rare earth miners in those countries if you want to get the thorium.

EDIT: By the way, thorium is far more clean than uranium and its by-products (unlike plutonium) aren't suitable for war. That's why the plutonium way was researched first.

Hehe, forgot to mention, but you seem to have hit the nail on the head with regard to the swiss franc last time we talked.

Problem with gold is we don't know how long to wait for the correction, and I'm already in with bitcoin, so that leaves me wondering where the safe haven is, not to mention growth for the future. I've been reading up on REE's, and I think there is a future there, just this becomes less certain should there be a fall in industrial output.

The ethics of Uranium could be questioned, as depleted uranium is a byproduct of peaceful production for power, but then again I wouldn't be dying to get in to it myself, same goes for oil, sadly gold doesn't have clean hand's either, but it's not as bad.

Suppose in that light, bitcoin is pretty fuckin awesome, tho the first bitcoin war will change this :p

Thorium. Interesting. Where and how do you buy Thorium?

I think rare earth miners will rise much in the long term, when nuclear energy based on thorium becomes a reality.
Uranium is needed to initiate the chain reaction, so it may rise too, and probably is very cheap today because of the japanese disaster.
See this video:

http://www.youtube.com/watch?v=D3rL08J7fDA

He says that thorium is largely produced as a by-product of rare earths but there's no demand for it.

The only 3 metals I am bullish is
1) physical Gold which one should own for sure now (i.e. 20%), and buy more i.e when the big correction comes (Gold is probably topping in the next 2 weeks)
2) Uranium (but this is in my p.o.v unethical as it is related to wars, so I dont do it) EDIT: Also Uranium may have further room to the downside until it gets really nasty in the global economy
3) Bitcoins :-) when it is on a metal USB stick :-)

http://www.39newamerica.com

Just to ask, what metals are you bullish on? Also have you looked at rare earths?

I don't know if it's even possible, but you probably know it.
Could the fed buy silver and gold short positions from commercial banks?
Can the fed buy crazy derivatives to save the investors it wants?
I mean, doesn't JP morgan has a planned exit?

sorry. to the guy who thinks silver will collapse..... uhhhh.... k lets step back a bit. so your saying the economy will collapse (we are just going to use the US even though if the US collapses the world does) there are 300,000,000 americans roughly who have a currency which is worth next to zero. of those 300,000,000 americans 299,999,999 (obviously a joke but still) are idiots who cant take care of themselves. All those idiots know that since the begining of time silver and gold has been used as trading currency. ALL OF THOSE PEOPLE will hoard all the silver and gold they can and use it to trade. Because they know its valuable. Kind of like the bitcoin it cant be counterfeit.  Then supply and demmand kicks in.... and BOOOM! that shit skyrockets. So you are absolutely 100% off your rocker if you think that silver is going to plumet. All the smartest people in the world can tell everyone that silver and gold arent a good investment. But IF the economy crashes like you say it wont matter.

Dont lynch me for this. But what this guy is saying is definitely something to at least keep into account. I personally think we are screwed, but I don't think that we are finished. Its going to get crazy regardless, best case scenario is a depression, no recession, depression. The govt cant bail us out this time. Buy all the hard solid in your actually hand precious metals you can. And bitcoins of course.

http://www.39newamerica.com

It's because of two effects:

1) The global economy is tanking and will crash really hard, into the biggest crash in the past 250 years, which means this will be bigger than 1929. Silver specifically will crash real hard because i) it is used as industrial metal much more than gold, and once industrials turn down even harder, demand for silver will collapse. ii) silver prices have also been largely driven up by speculators , and many of them will run to the exit once the economy gets worse.

2) The charts are supporting the Silver decline. The last 2 months of advance is choppy and is best interpreted by a upward correction, which will be followed by a large decline below 30 $ in a swift move. Secondly, Silver is underperforming Gold, which is a leading indicator for most of the financial markets. The Silver / Gold ratio is down hard since spring 2011.

When would I be wrong?
Only if Silver makes a new high above 50$. But even if this happens, the crash is just postponed and Silver prices will eventually come back below 10 $ in the next 2-5 years.

Physical only during times such as these - this isn't the time to be trading, but securing metal as insurance.

A few companies are starting to pay dividends in-kind (metal payout instead of dollars), but that isn't liquid. Besides, there are very troubling implications for what might be coming soon. The conditions are strained to a point of possible breakdown, but I think there might be enough tricks up the Fed's sleeve to keep the game going for another year or so.

If you still want to play options buy long-dated, far out-of-the-money calls. Avoid puts until gold is over $2000 and silver has decisively broken $50. Dollar cost average; scale in and out.

Dia duit a mhac!

I can see where you're coming from, I'd personally argue that the US downgrade is the singular point that has initialized the panic. Take it in the context of post WWII history, the post war boom was the penultimate boom of technology and improved productivity after the lean years of the war, we still see it's legacy today in how we live with mass production, and infrastructure. Here in England, I still charge up and down the motorways and dual carriage ways built over half a century ago, much of the systematic structures empowered by that period are still in existence today. Much the same is world order in which we have existed since, organisations such as the UN, WHO, NATO, IMF, World bank etc, and part of that historic legacy was the role of the US as the dominant Military and Economic power supported by her allies. Only up until recently the world existed in a bipolar state of power with the East/West divide, and only now are the realities of Multipolar global power being felt with the assent of China, India, Asia in general and an empowered South America to boot.

Now look at the state of the old order:
Europe is in a web of debt with it's premier economies faltering.
America is now dealing with the legacy of 2 of it's most costly drawn out wars to date, it's private institutions have further drained it's resources, and it's historical reserves have been drained.

In this context, the downgrade was monumental.........the singular point where the post WWII economic order ended, as significant as the fall of communism! Only this was so subtle, only after the fallout will it be noted.

Just as in Ireland on 30 September 2008, people didn't wake up and notice the effects of the bank guarantee the day after it had been signed, the same is to be said for the 6th August 2011. Welcome to the future, you live in interesting times my friend.

We're only 14 days in...........

Why do you think this will happen? Only because of charting or do you have analize fundamentals as well (not judging just curious)?

We were at just shy of a 150% ROI on our bullion investment (142% to be exact...) we wanted it to push up to an even 150% or better and that's when the last hard down turn happened... We ended up with just under 100% ROI (double our money) in the space of about 8 months... so still not bad overall...

Don't worry, it will turn down hard soon

Yeah I'm a bit disappointed I cashed out a big chunk of my silver bullion a month or two back...

http://www.tfmetalsreport.com/blog/2114/friday-fun

This is the last post from Turd Ferguson

What do you guys think about that ? Could it be the reason of the panic ?