22 votes

Silver under 27! The time to buy is now.

Under 27 folks.. get all you can.

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I hope it stays this way 'til the weekend....

I'm gonna try to get my hands on some more.

Check out the Laissez-Faire Journal at LFJournal.com


"The State is a gang of thieves writ large." - Murray Rothbard

Cyril's picture

Anyone thinks gold and silver are being smashed down THAT hard?

Anyone thinks gold and silver are being smashed down THAT hard?

Reconsider :

http://www.dailypaul.com/144648#comment-3026490

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

That's what they said when

That's what they said when silver got below 30.

I have been sitting on a target

in regards to Au & Ag. In 2008, they both dropped significantly during the crisis only to rebound. I was not in position to act.

During a financial crisis, margin calls force liquidation, and people have to liquidate their their best positions to close out contracts.

I think we will see a similar opportunity this year and I will be ready this time. I have continued to add modestly when there have been large drops. Now I am sitting until it hits.

Targets based on 2008 Peak/trough
Au - $1435.00
Ag - $22.00

Ready and waiting!

Liberty = Responsibility

I wrote an article

I wrote an article a week or so ago and posted here on the physical demand of the metals of late (especially since Obama got elected). I have had record months of sales yet the price has been falling. I pointed out this divergence to those who were not aware.

In 4 days this month, I have done half the business I did all last month. People are buying and they are buying big.

This is what the smart one's are doing anyway.

Can the price fall further? Sure it can. I haven't written my "all-in" article yet, but am getting closer. Market Makers like to punish the late buyers, or those on leverage with a final push down. The last 3 days we have seen a nice push down. I can't say it is the final one yet because I expect a $50 - $100 or more move in gold and $1 or $2 or more move in silver to get those who bought on leverage to scream uncle.

Will it come? Don't know. But seen it 100 times when I traded stocks. We may even get a push higher before the final smack down. Those that dollar cost average in hope for a lower price. Those that buy now don't care if it falls 10% or more when they will be doubling their money in the next few years.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

of silver, gold, and bitcoin...

only silver is consumed by industry in a one-way process, never to be seen again.

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

You are spot on however

if we see a financial crisis and the economy continues to tank there is some risk of demand destruction with Ag. So stay diversified, Ag & Au.

peAce

Liberty = Responsibility

Thanks Einstein, I did not

Thanks Einstein, I did not know that.

Southern Agrarian

Cyril's picture

The time to buy is when there's blood running in the streets...

"The time to buy is when there's blood running in the streets... and you're selling."

The market behavior doesn't add up with what's going on for premiums, the silver (and gold) markets are in full manipulation mode now. Stay informed, look at what's up with APMEX, Provident, Tulving ... junk silver is vanishing :

http://www.youtube.com/watch?v=-1vyuC4Il44

Stay safe.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

"The market behavior doesn't

"The market behavior doesn't add up...silver markets are in full manipulation mode..."

Agreed.

On another note, your user name changed. Just thought I'd point that out. =P

Cyril's picture

Purposely done.

I know. Purposely done, of course. Eventually decided I might just post using my real name.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Thanks!

... for the video.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Cyril's picture

YW. Consider diversifying. On this end we're also buying bullets

'Welcome. Consider diversifying, too.

On this end we're also buying bullets for our guns.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

nice!!!

Gold, Lead, Silver, & Bitcoins!

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

For all Bitcoiners like me...

GO OUT AND BUY SILVER NOW!!!!!

are there any other companies like www.coinabul.com ???

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Wow

If someone that bought bitcoin for under $5 sells and buys silver now. What a wealth transfer, you got money out of thin air and bought real physical wealth!

If enough people did it, it could break the banksters hold on the silver and gold market.

Gold standard: because man can not be trusted to control his greed

Yeah man!!

Pretty much all bitcoiners I know are doing it. (buying silver that is)

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

i agree .. i'm a broker .. i

i agree .. i'm a broker .. i work with peter schiff's company euro pacific precious metals ... if you want to buy today i can help you out and give you good pricing ... answer in a comment here and i will give you a call

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

hey rtfbunny

Hi rtfbunny, I am a friendly competitor to you and Peter's company. I have met him a few times. Last time was in Vegas at last years Freedomfest.

His comment to me was, "you're one of the good guys?" Meaning, a gold dealer that doesn't sell numismatic/rare/collectible/European coins (which I don't, but was instrumental in a $4.5 million lawsuit against one of them).

Good luck to you. Plenty of business out there for all of us.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

Those who studied monetary collapse due to hyperinflation

know that there are windows of liquidity shortage. Despite huge amount of paper, suddenly money disappears since nobody wants to keep it. In such a window time, paper money works better than gold to buy real estate and other things.

Thus, some folks in 1932 bought whole residential blocks for "few" dollars. Same was in USSR in 1993. But hey, I love PERSONAL freedom.

Good point

In Hyper inflation there periods of cash shortages. Because prices continue to rise people are trying to get their hands on enough cash to meet the price before it changes. This hoarding does cause periods of cash shortages. Short and localized but there will be opportunities like this.

peAce

Liberty = Responsibility

In 1932 there was a depression

not hyperinflation. The FED and the banksters withdrew the money supply, making it very scarce. There was a congressman similar to Ron Paul, I forget his name wanted an investigation about who caused the depression. The Great Depression was nothing more than the banksters stealing the wealth of the people and nothing more.

The only problem they couldn't get the economy going again, so they started WWII. This got everyone working on 1 thing, defeating communism.

This time around Hyperinflation will rule the dollar will be worth toilet paper, Gold and Silver will be king. There will be no buying even a turd with the dollar soon.

Gold standard: because man can not be trusted to control his greed

Michael Nystrom's picture

For silver and gold, the time to buy is always

Now.

Buy it regularly. Never sell it. Dollar cost average - both on the way up, and the way down.

I'll really be loading the boat when it gets back to 15 (which I fully expect).

In the meantime, my small speculation in DUST has been paying off handsomely.

All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.

Well said.

If you are buying to "get rich" you are playing the wrong game.
However, I have been selling. Sold a lot to pay for my well and sell when I have to to get the farm established. Those are the ONLY things more valuable to me - land and water. If the choice is sell or go into debt, I say "sell." Other than that... every ounce you hold is an ounce no one can make into a weapon of war.
Oh, and no, I have not "lost money" even in this market. Still way ahead, since I started buying (seriously) at $11.

This is the article that got my posting privileges revoked:
http://bklim.newsvine.com/_news/2013/05/12/18212165-dr-stan-...

Michael Nystrom's picture

If it breaks below $25

The next stop will be below $20.

Honestly, based on the long term chart, I wouldn't be surprised to see it trading back at $5.

I know that it looks cheap below $27. I've been watching markets for a long time. The worst mistake people make is to load the boat at a time like this. Or worse yet, to leverage into this because it looks like the opportunity of a lifetime.

Slow and steady wins the race. Don't put all the eggs in one basket.

For an interesting speculation, look at ZSL. A small position is fine to temper your enthusiasm and remove the emotional bias.

All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.

watch the COT's. right now

watch the COT's. right now the hedge funds and the tech funds are the ones selling silver. the big banks are covering their short position. The banks. JPM, will then skin the hedge funds once again and let it run up. You won't see under 20.00 (famous last words). Maybe 23.00 to 24.00, but once the commercial banks cover their short position and are long the price will go higher and faster then it did in 2011.

Michael Nystrom's picture

Eyes peeled, but I subscribe to the theory that:

Price is the ultimate reality.

It is much simpler. There is only one datapoint to keep track of, and there is no speculation or arguing with it.

We're at a pretty critical juncture now. It will be curious to see if the decline is arrested now, or if it continues.

All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.

If silver drops below $20.

do you really think any of the dealer will sell without putting a large premium on it.

My silver stack is my savings account, I want to keep saving but realize once in a while I may have to sell some during rainy days. I haven't sold any yet and at $20 I would never sell.

Silver going down is nothing more than banksters like JP Morgan trying to shake it out of the investors. I really wonder if there is a correlation between bitcoin surge and gold and silver falling. Could be very tempting to sell silver and buy bitcoin. A banksters trap?

Gold standard: because man can not be trusted to control his greed

Silver would never

be real money. Many populists also misunderstood JFK's silver policy that was a pure pandering to trade unions of silver mines. Same way as Congress today sends $300m+/yr to copper trade unions to subsidize pennies.

Nevertheless, as investment it may work if some knows the strategy.

If silver is not real money

why has it disappeared since the dollar has gone total fiat in 1964. Almost impossible to find any silver coins in circulation today. I used to buy a gallon of gas for $.19 in 1969 today it is around $3.60. If I use 2 silver dimes I can buy almost 2 gallons of gas. Looks like silver has kept up with inflation while the dollar is slipping big time.

I think JFK backing the dollar with silver was a brilliant move to end the FED, he new he must get rid of the tyrant banking system to free America. It had nothing to do with any mining Unions. He pissed off the bankers, thats why they blew his head off!

Why else did he give the speech about the Military Industrial complex, he was setting the stage for a time without the FED.

Edit: JFK actually told the treasury to print new money backed by silver, which was to compete with the FED's money.

Gold standard: because man can not be trusted to control his greed