Gold at record high! Almost $1100 per OZ! Where is silver? Still under $18.... NEWSFLASH! Silver making its move!
Submitted by LastAmericanStanding on Sat, 11/07/2009 - 12:31
I bought silver because I thought I couldn't afford enough gold to make a difference. Instead, gold is up over $200 an OZ since I began looking. Silver still can't seem to get out of it's own way.
Up to $17.. drop down to $14. Up to $18! ....back down to $16
Silver seems to be the proverbial 'red-headed stepchild' of precious metals.
UPDATE: So, silver may indeed be the poor man's gold. As gold gets farther and farther out of the reach of the average guy, silver is still attainable and holds its value. Maybe not with the same allure as its big brother, but as more folks are squeezed out of the gold market maybe we can expect a splash in the silver end of the pool!
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Still holding over the $18 mark
Hopefully!
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Silver $18.33 at noon. All metals holding so far.
Metal Bid Ask
Gold $1,135.40 $1,136.40 ($2.80)
Silver $18.33 $18.38 ($0.05)
Platinum $1,442.80 $1,452.80 $6.20
Palladium $367.60 $372.60 ($5.40)
Updated:11/17/2009 10:59:53 AM CST
gold up almost 20 dollars
gold up almost 20 dollars and silver up .91 cents at 12:07
Yippee!
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
I hope you guys are right about silver going up
"If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle." Sun Tzu - The Art of War
be patient it will
be patient it will
at some point it will go
at some point it will go ballistic.. as you can afford, keep collecting ounces.. I think if a guy/gal were able to collect 1500 ounces of silver, you will be set for life!
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
1 go 40/40/20
40% in gold / 40% in silver / 20% platinum
great article on
great article on silver
http://www.marketwatch.com/story/poor-mans-gold-may-be-an-in...
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Weee! Silver finally broke $18!
Maybe this will be the beginning of the snail's-pace climb to $100/oz!
Of course, we'll all be dead by then....
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
I do think that silver is
I do think that silver is being shorted. But another factor is that silver is more volatile then gold, and might be a better measure of unrest.
Gold seems to being going up right now due to deliberate demand.
Silver's acceleration curve (so to speak), would steepen past that of gold, if more and more people started to worry.
I would think that governments prefer gold, but people fearing a collapse of their currency would look to both silver and gold.
The fact that india bought some huge amount of gold, leads me to believe that the current price hike is being lead by governments buying gold.
or I could be completely wrong. When it comes to money, don't take my word for it.
the silver market is so
the silver market is so small that they have to buy gold. if they were to come into the 18 billion silver market they would crush the shorts jpmorgan and goldman and when silver overruns the naked shorts, it would only be a matter of time till gold went the same way.. thus by buying gold they are insuring buying gold at lower prices. 1 billion ounces of tradable silver are all that is in the world.. 18.26 x 1billion =
18.26 billion.. that is chump change to china, or india.. this is why Silver has lagged.. when the shorts are overrun in silver it will follow to gold because the idiots are short both metals to all time records.. Silver being the highest
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Your lips to God's ear...
Man, I hope you're right!
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Silver
Silver is mostly dependent on industrial demand a lot like oil.
Speculating and dollar price should influence it too.
I just bought some silver today
6 ounces. It was even cheaper then it was 2 weeks ago :)
Tracy
http://randforsenate.blogspot.com/
~
A Way for Trey Grayson searchers to find Rand Paul
http://www.treygraysonforsenate.com
Trey Grayson For US Senate 2010 in Kentucky. See also http://www.jointreygrayson.com/ Spread these links around
Congratulations!
What did you get? I've been purchasing mostly 90% US silver coins recently since I discovered I can get them below spot on Ebay. Not often, but occasionally there just aren't many bids.
Freedom, Prosperity and Peace
Freedom, Prosperity and Peace
Well these are .999 fine
Well these are .999 fine bullion. A local coin shop charges 50 cents over spot.
The .90 junk silver, typically wholesales a smidgen below spot -- and it's a good hedge too, personally I prefer the higher grade though.
Just 1 oz coins. I've got a few 10 oz bars too.
http://randforsenate.blogspot.com/
~
A Way for Trey Grayson searchers to find Rand Paul
http://www.treygraysonforsenate.com
Trey Grayson For US Senate 2010 in Kentucky. See also http://www.jointreygrayson.com/ Spread these links around
Silver Market Update by Clive Maund
The long-term chart for silver looks chaotic compared to that for gold, not helped by the violent plunge last year which saw it drop from a high near $21 to a mere $8.50 at the low. It has spent this year to date slowly making up the lost ground which has involved it laboriously working its way through the overhanging supply set up by the plunge. The good news is that with the recent break above more concentrated resistance in the $16 area, there is now not that much more resistance to go before it breaks into the clear by advancing above last year's highs, and with gold looking set to continue to make strong gains, a breakout to new highs is probably not very far off.
http://news.silverseek.com/CliveMaund/1257641258.php
Freedom, Prosperity and Peace
Freedom, Prosperity and Peace
I love silver!
But silver is very volatile and very manipulated. If you want something more stable, diversify into gold. If you want something even more stable, buy smaller denomination gold bullion coins or bars with relatively higher premiums or semi-numismatic coins like old American or European gold. Silver is more speculative whereas gold is more like having your wealth in an honest money market account. I also recommend palladium.
Freedom, Prosperity and Peace
Freedom, Prosperity and Peace
Is this scam for promotion of silver?
To me such postings are suspicion.
I wish
I could buy it at $14.....Come back to $14 an ounce please....
Don't complain, buy more silver.
If you simply must pay more for silver, I'd be happy to sell you some at $40/ounce. But honestly, I'd just suggest you buy what you can find while it's as low as it is right now.
OK. Here's a trading/investing tip. Are you listening?
Gold is being discovered in massive quantities right now.
Silver is not. As you know silver is an industrial use metal.
Do the math. Buy silver bars - not coins. When silver is hundreds of dollars per ounce then have your bars minted into coins.
Also, rare earth minerals are a big buy. They are used for electric car batteries and other green technology.
The Last Hope Trader
Forensic Trading For Times Of High Crimes
"GINO" = Government In Name Only
Hi-ho Silver!!!
If you are new to the silver issue, investmentrarities.com (Ted Butler articles) has information you might want to read, especially if you are not aware of the probable market manipulation in silver. I am still learning myself, but this resource is a great help. Tons of information that will make it easier for you to have patience with this red-headed stepchild! :)
"Nothing is so powerful as an idea whose time has come*
for what it is worth, this
for what it is worth, this is what I think is going on.. I have been reading
Ted Butlers work on silver for 7 years now.. The silver market has the largest short position on it.. that short position is largest of ANY commodity in the history of the world. 40% or more of that postion is held by 1 or maybe 2 large US banks.. jpmorgan/goldman sachs. This position is MANIPULATION .. the hunt brothers long position amounted to 10% in 79" why does 1 bank control over 40% now? this short position is naked.. another words they do not have the millions of ounces of silver to back the position they take. So what you are seeing since silver is a much smaller market then gold and they have more exposure, I think the banks are letting gold go a little and using whatever money they do have to keep silver down by adding to positions.. the easyest short position to overrun is silver.. much less silver in the world then gold.. as much as 5 billion ounces less.. if the shorts are overun its game over.. with a record short postion in the last 3 to 4 months the shorts have not been able to break the price down and sell off like when silver went from 21 to8 because China is not letting them.. the US has just put a tax on all Chinese tires and a 99% tax on steel pipe exports.. so the chinese are saying ok we will collapse your derivatives... just my opinion.. take it for whats its worth.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Listen to Bad Karma
I'm glad I did !
"Obamney care," Nuff said.
I think you are on
the hunt like a good hound dog. Thanks, for your perspective it makes sense.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Be patient
I have a lot of my money in silver, too. Silver is a lot more volatile than gold, and often silver lags behind gold. As a general rule of thumb silver is a leverage on gold with a factor of 2, but the moves often take a while to reflect that.
"Doing nothing is almost always an option and is very often the best option." Daniel Hannan
Napolitano: "We need Ron Paul now!"
http://www.youtube.com/watch?v=3k3JNRTVI0Q
It's Simple To Figure Out.
In a free market prices reflect supply and demand.Silver and Gold are sold almost everywhere in the world.
More buyers worldwide prefer Gold than prefer Silver. Did the Indian government just buy a large amount of Silver?
No, Gold !
beesting
they couldn't because there
they couldn't because there is no large amount of silver to be found... you try to go buy 7 billion in silver... the silver price would rocket into the hundreds of dollars.. and again there is not 7 billion dollar stockpile of silver to be found. so governments with huge amouts of money buy gold.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.