watch silver and gold...
the trading action in commodities has split today. silver is up. gold and oil are down. just want to mention that they are trading funny. watch them closely. i'm not sure what manipulation is going on but something is off. i have also seen reports that the miners are ramping up the mining silver. this could be good or bad. they could be ramping up because the price is going to shoot up, or they are trying to get more supply in the market to bring the price down. time will tell.
silver spot is back above $17oz @ $17.10-$17.12oz
silver fixed is @ $16.74oz
gold spot is down though it is holding above $850oz support @ $879.04-$879.09oz
fixed is @ $882.50
the difference seems to just be the "gold / silver spread", which seems reasonable due to the fact that gold rose last week and silver stayed put.
Yeah watch it closely...
Yeah watch it closely... Move strangely sideways for yet another 3 weeks. I agree with you actually. I have made a few buys and sells, and something is indeed not working right. It isn't normal. Something is rotten in denmark.
buying more silver tonight...
we could still be heading for $15.50oz silver...but i do not think so...anyway, i'm buying more now.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
the only person you need to
the only person you need to read is Ted Butler when it comes to silver... they cannot "ramp up" production in silver.. it takes lots of money and time to start a mine.. sounds like the silver users association spreading BS to keep the price down or panic the idiots out who don't have a clue as to what is really going on! ONCE AGAIN AND I SHOUT FROM THE HIGHEST MOUNTAIN TOP! TED BUTLER IS THE AUTHORITY IN SILVER.. your charts or gut feelings mean nothing! READ HIS MATERIAL.. know about the shortage, how it was caused, and who is manipulating this market.. until you fully understand ... basically your screwed!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Hey SIERRAHBT
I love reading your posts. You are right in the money like me. From your way back posts, I understand that you have bought amounts of 90% silver and it has skyrocketed from the price you paid. What I am dealing with is month to month Cash. I bought at $11/$600 Silver/Gold, and got out a week ago on gold and got out of 30% of my silver position predicting it will all go down in the next 90 days. I am not an ETF trader, just physical. But I do think the price of PM's will fall (Manipulated) lower and will buy in again in the fall. What do you think????
Long term DP'er here..........
I thought it a wise choice to get out at $19 eagles/$900 eagles right now.
I will get back in before fall....
What are your thoughts??
Takeaction, I am buying
Takeaction,
I am buying for different reasons.. I am just trying to preserve what I have worked my arse off for and paid taxes on! I don't care what silver does over the short term! I care about 2,3 or 10 years from now.. trying to time this thing and read charts and all that BS is not for me.. I buy and hold! I think oil will be coming down and the money that comes out of oil will flow into the PM'S! you have to remember.. silver is in shortage right now.. when the mass public finds out how the dollar is collapsing and figure out what the fed has done to them they will be jumping in with both feet to purchase and take physical delivery of whatever they can get.. at that point I think your SOL as far as getting your physicals back! Guys were in this to preserve your capital.. not to make quick profits.. only pro's who have inside information can time these ups and downs of the silver and gold markets! we the little guy can't! If I were you i would buy everything back you sold.. and then HOLD! again Ted Butler knows what is going on with the manipulation! you need to read him to understand what is going on!
the only thing i would trade silver or gold for right now is storage food! WE HAVE A FAMINE COMING.. about this time next year its gonna be bad.. they are now estimating that upto 30% of world wheat crop has this rust bug that will hurt the wheat harvest.. I think if you are selling your coins for any other reason your making a mistake! at some point with this silver shortage- you won't be able to get it anywhere.. then next will be gold.. think about this.. there is 6 billion ounces of gold in the world.. there over 6 billion people in the world.. thats less then 1 ounce of gold per person? what is the value of gold? now to silver.. there is only about 1 billion ounces of silver. thats less then a quarter ounce per person! ALL PAPER CURRANCIES WILL COLLAPSE! ALL GOVERNMENTS ARE CORRUPT!
when the world gets this inflation(hidden tax) thing figured out you better have all you want and need! Also Jim sinclair is the authority on gold.. that guy called the gold top to the day in 1980! I trust him! with him and butler they are the only ones you need to read and listen to! both of them have decades of experience in this game.. as long as the fed keeps pumping in M3 AT OVER 20%, SAME WITH RUSSIA, CHINA ET.AL. it is only a matter of a few short years till we hit a world wide hyperinflationary depression! this depression will not be like the 30's! were in a whole different ball game this time around! JUST PROTECT YOURSELF AND YOUR FAMILY BRO! in this messed up world that is all any of us can do!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Jim Sinclair was great today
For anyone that missed it:
"Dear CIGAs,
No bear market in the euro
No bull market in the US dollar
No top in gold
It is just that simple. Today was a major production, the equal to which I have never seen before. Every day is yesterday as the spin is spun, making lies look real day after day after day.
For those with eyes, today was a grand production to see, from the little fess up by the Fed, to the British Parliament seeing Libor as a fabrication of a survey taken every morning of 16 British banks.
The dastardly deed was done on gold to clear the way for spinning the Fed fess up that the credit crisis might not be over or controlled, and to downplay the willingness of the Fed to provide all the funds required to prevent any primary US Treasury dealer or OTC derivative grantor from going belly up. It was also to cover the statement that Bear Stearns was an example of the fact that no major OTC grantor can go belly up or the financial world ends.
All the above was said today by a large array of Fed speakers, one after another.
The euro threatened to upset the cart by breaking out of its downtrend so the Exchange Stabilization Fund was forced to do their part.
You can make any market sing and dance for a day, maybe two, but no trend can be changed.
You can dress up markets to spin statements.
There is one thing no one can do:
No one can prevent the CONSEQUENCES of the multiple and dangerous actions now in place to buy time for someone else to be blamed for the end of the financial world as we know it.
The geeks have killed us all to some degree.
Gold is going to $1650 on or before January 14th, 2011. The only probability of this estimate being wrong is that it is far too low.
Consequences my friends, CONSEQUENCES is where your attention should be, not the day-to-day noise that has so many of you running, scared to death of nothing.
No one can prevent the coming CONSEQUENCES."
Lots of great stuff from Jim, Monty, Trader Dan and other gilded angels at http://www.jsmineset.com/
I found a 1943 35% nickel
I found a 1943 35% nickel today at Burger King
Truth is treason in the empire of lies.
It's fun
to check one's change! I cross paths with one wheathead penny a year, and I just got this year's. Once in a while I find a silver coin, and even Silver Certificates. There are still many pre 1983 pennies in circulation, but probably fewer every day. Fun and games.
my charts meant something...
buying into silver...they showed me my entry point...and i'm doing just fine...still buying in small increments during this consolidation.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
YES
I agree that this is a big consolidation. That is why I got out of my gold position, and am leaning towards silver. Some say it is bulky...but when it hits $100 an ounce or more it will not seem so bulky any more....lol!
I don't know if this has
I don't know if this has anything to do with it, but the worlds largest silver producer had their IPO on Friday and raised 1.75 billion.
...
who?
Pan american? BHP? or a russian outfit?
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Fresnillo :
Fresnillo : http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=52...
...
thanks John...
for the heads up and link...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Chris
That is so funny that you posted this.....I was just typing for the past 30 minutes posting my thoughts. Here they are on a different thread...
http://www.dailypaul.com/node/48891
Tell me what you think of my thoughts..... Please
heh...my thoughts are...
it would seem the gold/silver spread are in play today...silver had some catching up to do from last weeks gold rise... all charts look good for take off in the metals. we will get an hard move one way or another in the next 2-4 weeks it looks like. i'm watching for when they all go in the same direction at the same time. that will be my signal. the support levels are starting to sqeeze on both sides of the current trading price...that is why i expect a launch upwards soon...then again we could have another 2-4 weeks of consolidation like you said...that would explain the split trading of metals.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
It is wierd
There is something funny going on. I think oil and PM's will fall hard in the next 4 to 12 weeks, and then I am in again hard. It is a game at this level. But on the long term....silver is cheap right now. I think it is a better play then gold.
NY Silver Above 20-Day Avg, Outperforms Gold
http://www.fxstreet.com/futures/news/article.aspx?StoryId=07...
Mon, May 12 2008, 18:07 GMT
http://www.djnewswires.com/eu/
PRECIOUS METALS: NY Silver Above 20-Day Avg, Outperforms Gold
By Allen Sykora
Of DOW JONES NEWSWIRES
Silver futures outperformed gold Monday with the help of favorable technicals, a softer dollar and a gold/silver spread "come back into line" after gold had outperformed last week, traders and analysts said.
June gold dipped 90 cents to $884.90 an ounce on the Comex division of the New York Mercantile Exchange. As pit trade was closing, the June contract at the Chicago Board of Trade was down 90 cents to $885.10.
Meanwhile, Comex July silver rose 31.5 cents to $17.225. As it was closing, CBOT July silver was up 36.4 cents to $17.261.
"Silver caught a bid off of the dollar more than anything else," said Charles Nedoss, senior account manager and metals analyst with Peak Trading Group.
Gold was pressured by crude oil initially, but pared its loss as the dollar flipped lower, he said. But gold appears to be largely taking its cue at the moment from oil, thus could rise further if crude turns upward, he continued.
"In the case of silver, it's looking at the dollar more than anything else," Nedoss said.
"Silver didn't perform as well as gold did last week. So you're seeing some of the buying of silver and seeing that spread come back into line."
He pointed out that the dollar index had "an outside day to the downside." The U.S. currency initially rose above Friday's high but then fell below Friday's low.
Nedoss described July silver's ability to close above the 20-day average of $17.17 as positive. The high of $17.37 was just below the 100-day moving average, he continued. Meanwhile, the low of $16.715 held right around the 10-day average of $16.73.
"The silver chart looks very positive to me today," he added
Meanwhile, Nedoss put resistance in June gold at the 20-day moving average of $894.60. He put support at $872.70.
Overall, the markets were thin with traders in a "waiting game," said George Gero, vice president with RBC Capital Markets Global Futures. Otherwise, he said, gold was pulled down earlier in the day by softer crude oil. Shortly before the Comex gold pit closed, June crude was down 92 cents a barrel.
"The only gold story I saw that was of some interest is that some of the hedge books are being shortened," Gero said. "The mining companies were selling two or three years out, and now they don't want two or three years out. Now, they only want to sell one or two years out."
Meanwhile, the platinum group metals both flipped from lower to higher. July platinum rose $21.50 to $2,123.30 an ounce, while June palladium gained $2.95 to $446.80 an ounce.
A trader described these metals - platinum especially - as caught between those booking profits on upticks and those who view pullbacks below $2,100 as an "opportunistic time to buy" in a market where the fundamentals are constructed as favorable.
"It's a back-and-forth see-saw battle," he said. "To stay on the right side is a tough thing right now. You're continuing to see profit-taking, but them people jumping in and viewing it as a buying opportunity."
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
this was somewhat similar to
this was somewhat similar to what I was thinking .. but anyway i will continue to purchase the metals ... sound money is sound money
You got that right!!!
Keep buying American Silver Eagles....as many as you can get your hands on. Hold them as your retirement. If you sit in front of the computer all day and watch the price go up and down...then don't do it. But if you buy them...and stick them in your safe........ Don't check the price until 2011 you will be happy and safe, unless our government tries to confiscate what you have. So hide it good.
we could all be...
dead by 2011...heh...
"chop, chop..."
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Help me
I read your comment but don't understand it?? Dead?
accused as terrorists...
rounded up and my head chopped off.
i can't wait...wish they would quit beating around the bush and hurry up...heh
they will want to "mark" us very soon...
it's a Bible prophecy
Revelation 20:4 And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Got it
Anybody on this site.......will be labeled an "Enemy Combatant". Every time I type on this site...I wonder who reads this.????? I just hope I can get out of this country before SH*T hits the fan.
Even if they shut down all airports, I hope I can make it across the border south.
That will be a funny situation....Americans having trouble crossing into Mexico and further south.....
I was talking to my neighbors that I suspect are illegals
...and told him that in a few years they are going to wish they had stayed in Mexico.
Also reminds me of Jesse Ventura and his reason for not wanting the fence on the border..he said it can do the opposite and keep us in.
i had better buy...
a few shovels then...invest in shovel companies people...you'll be rich!!!..hehehe
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
heh...no problem...
getting to Costa Rica the border patrol is not used to keeping people in the country. of course...they cannot keep them out of the country either...hahaha
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
yes, i agree...
i think silver started it's next leg up today with platinum. and gold will follow soon. but it is still weird how gold is more stuck to oil than the dollar. i think traders are having a hard time finding the values of each and what the dollars value really is.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.