SILVER

[Kilham]

Seems that each smack results in less down.

[Gatesy]

Silver now trading 69% above it's 52 week MA ........ Some would say "short here". I've lightened up the ETF holdings and may well eat my words but having gone through 2008 the view I am now taking is stay in (physical) with a material portion of portfolio but hold some dry powder at these sort of moments.

[Thiarna]

Reckon its time to swap some poor-mans gold for rich-mans gold about now.

[wee Jinky]

just hit $43

[Errol]

$400 Silver, James Turk Price Target! (great description of backwardation) -

 

[Jake]

34.53 ...that ratio.

[Perishabull]

 

Most of what I own was bought on 16th September 2008 when it was $10.84, that is now looking an absolute steal. In February 2010 at $15.28 I considered buying a silver futures contract to keep and roll over.

 

Boy do I wish I'd done that.

[Errol]

It's going to hundreds of dollars an ounce so any price at the moment is a 'steal'. Keep on buying - month by month, little by little. Always take delivery.

[Jake]

Feeling dizzy! If you look at 5/8/10yr charts, that is a parabola isn't is?

Silver looks mental.

[Pal]

Feeling dizzy! If you look at 5/8/10yr charts, that is a parabola isn't is?

Silver looks mental.

 

I agree. Does anyone else think this is overdue a correction?

[Concrete Jungle]

I agree. Does anyone else think this is overdue a correction?

I think both Gold and Silver are due a correction and a backing up of the G/S ratio somewhat. Still a LONG way to go in this bull market.

[Concrete Jungle]

http://news.silverseek.com/SilverSeek/1303153473.php

$50 dollar silver is the first sign of blue sky after a devastating storm. It's the morning after sunshine bringing people out of hiding and together again for the process of rebuilding with the promise of a new start.

 

 

For more than 100 years the United States has been at the center of a war being waged around the clock by a cult-of-evil clawing and biting like a rabid dog at the heart of civilization. It has been an epic struggle of an outnumbered, outgunned regiment of courageous defenders of human individuality, dignity, and liberty against a tyranny intent on the enslavement of all humanity. It has been a bloody war, a costly war and even now the battles continue, but the tide is turning, finally, toward the side of good.

 

 

This war has been in stealth with the cult-of-evil creating a fictional world being pulled over and smothering the head of humanity. For years this war has involved the creation of a pretended reality that presents lies for all standards of measure of a free society. Recently, like all bubbles, the bubble of pretension has begun to grow exponentially - hiding reality behind a manufactured reality, including a manufactured history of the world - a process that is not sustainable and will soon face the limits of nature ( the real reality) . This fictional reality has reached the proportions of a bubble , not unlike the tulip bubble of 1637 - I would now call this bubble a bubble-of-pretension. The problem with bubbles is they burst and hiding reality is nature's most costly mistake.

 

 

Reality is something the criminal class trying to hi-jack the world must, at all costs, hide from the sleeping, drugged, conned and dumbed down public. For the most part hiding reality, especially in the early stages of a bubble-of-pretension has so far been successful but the price is becoming higher. In American alone pacifying the public is a 24-7-365 operation requiring enormous sums of economic energy and decades of dedication to bring about the quickening now underway.

 

 

But, I think we have reached a bifurcation point , when the matrix of pretension , consuming enormous and ever growing quantities of energy to maintain escalating lies-of-normalcy, starts to falter. Cracks appear and the engine of deception coughs and gasps for more, more, more -- but energy too is a thing of nature and sooner or later the prevaricators use up all the available energy and the false matrix of reality begins to collapse. It's the moment when Caligula realizes men with swords cannot defeat the sea, or when a parliament of thieves cannot another ounce of gold steal. That point is here today, and I think the signs are clear: gold is approaching $1500 and more importantly Silver is about to smash through the most protected price in the history - $50.

 

 

I think it bears repeating, $50 silver is the most protected price in recorded history, it is a price that's cost trillions and trillions and millions of lives and untold millions in misery to defend. $50 silver has been defended with all the energy and manpower the cult of evil can muster. The war is not over and the price is still out of reach, but momentum is on the side of humanity. After $50 there's no more resistance - Silver will break free and rise quickly to crush the banking system, the energy and life blood of the enemy. Beyond $50 silver, the dollar and the banking system will collapse quickly. George Soros and the BRIC nations are already aware - the dollar hegemony is cracking and $50 silver is the wedge in the heart of the beast.

 

 

For those of us that understand how much wasted and destroyed wealth has been employed to keep the price of silver from rising with inflation while the purchasing power of the fiat currency in which it is priced is destroyed, $50 silver is monumental. This is the day the bubble in pretension bursts - $50 silver, the top is in, not for silver, but for the century of lies and deception and destruction of wealth that will be the legacy of the private banking cartel and their Federal Reserve.

 

 

$50 dollar silver is easily $160 dollars short of its inflation adjusted value since the mid nineteen seventies when silver last rose up against the tyrants. The difference between $210 (an estimate of silver's inflation adjusted price) and $50 seems very little, but that $160 has cost the loss of the worlds reserve currency, the fleecing of two+ generations of Americans and peoples worldwide. Hiding the worthlessness of fiat money though metals price suppression has in a way been responsible for WWI, WWII, the massive loss of lives in Russian and China and Germany to psychopathic dictators. That $160 was responsible for the Vietnam war, the death of Kennedy, the Iraq I and Iraq II wars, the war-on-drugs and the Afghan and now Libyan wars. We could go on and say that $160 has cost the lives of all those Americans in the World Trade Centers during 9-11 and the incredible loss of lives to our criminal monopoly controlled health and food industries. We might even get verbose and mention the deaths caused by fluoride poison in the drinking water and the weight gain and cancers caused by our 'diet' supplements such as Aspartame.

 

 

While silver sits below $50 the world has suffered trillions and trillions of wealth stolen for false flag wars and then more wealth destroyed in those wars. Trillions of dollars that could have been used pry off the yoke of the psychopaths creating monopolies in every industry facilitating human life. Monopolies selling lies: the pharmaceutical industry selling lies of health, the medical services industry selling lies of treatment, the food industry selling lies of nutrition, the military-industrial industries selling lies of safety and protection, the prison-police industries selling lies of safety and peacefulness and more. Monopolies of law and justice selling lies of righteousness, monopolies of transportation and banking and energy and education; lies sold by monopolist in the pursuit of total domination and the suppression of reality.

 

 

But the price of lies and the price of monopoly is the inevitable depletion of all the available resources, be it manpower, money, or the human spirit supporting a willingness to be deceived - eventually they are all depleted. As the peak of pretension is reached and the bubble-of-pretension begins to burst we must make plans take charge of the collapse and work to be sure the evil puffed up in the bubble is evacuated to oblivion as the bubble explodes.

 

 

We don't need most of the humans that have been deceived to wake up and join the cause. We only need those of us that are awake to be ready to step in and organize the collapse.

 

 

It is in the United States where most of the wealth stolen for pacification has been deployed, because the United States is the only nation on earth with a large armed populace. Not only large and armed, but with a history of documentation and research showing why guns in the hands of people (not guns in the hands of military or militia or police or PERSONS or CITIZENS) is the ONLY way for people: men and women and children, to protect themselves against the onslaught of a cunning and relentless tyranny. It is in America that a small group of awakened humans can take back their freedom and again provide a secure home for liberty - liberty that can again protect the world from the tyranny afoot today.

 

 

Oppose gun control at all costs - no freedom or liberty can be protected without the threat of weapons as a last resort. Withdraw your support for the banking system by removing your money and buying physical silver and gold for use later as currency. Use cash for all transactions reducing the flow of money through the banks weakening further the already weak banks. Infiltrate your local governments by running for office, use the power of the local press to remove corruption by writing letters to the editor. Take back our schools -- home school your children, it should only take a generation or two of home schooled children to move back into the mainstream world as leaders and members of government. Do not depend on the United States federal government for any help. The States are the answer. If your state does not support the right to own guns move. Vote with your feet, do not any longer support evil with your tax dollars. Look for states with nullification laws in the works, these states need our support. Take action against intrusion on your liberties, bring lawsuits against fraudulent banking, TSA assault, criminal foreclosures and file claims against sources of health degradation - we need a call to action for class action lawsuits.

 

 

More ways to stop the evil: buy radio stations (lots of them cheap and then use them to get the message out), take back our newspapers and television stations from the elite mega corporations. Write blogs, tell your children every day, talk to them about what is happening and what has to happen before it will change. Look for lies, critique movies for hidden messages of the enslavers, filter your water, buy radiation detection equipment and complain when the media lies about radiation, and get off the power grid with solar and wind generators. The power grid is a great controller, If you misbehave or if you need to be taught a lesson, the power will go down.

 

 

Lastly take charge of your health and your families health. The medical-pharmaceutical-insurance industry in the United States are not about health, they are not outcome based. The 'pharmamedisurance' model of business is theft through monopoly and wealth through growth of services. Cures are way to health, health through prevention is the solution. Eat organic whole foods with non-GMO contents. Eat less. Supplement the loss of nutrition in foods with high quality natural supplements. Take charge of your own health, read about nutrition and healthy life ideas, and then shrug off your M.D. , stop taking pharmaceutical poisons, decline unnecessary tests. Stand up to the system that is fleecing your health.

 

 

With $50 silver signaling the beginning of the end of the banking system, it becomes imperative that we, the awake, prepare for the final confrontation. It is here that we sink or swim -- practice swimming and buy more real, hold in your hands, silver.

 

[warpig]

It feels that way to me. I thought $34/t.oz was an interim top because of the Japan crisis, but the fundamentals have completely changed so I'm not sure... What price do you put on something that's in high demand and extremely scarce? Either way, traders take profits at strategic points on the chart and I think we're approaching one soon. However, I think traders selling their bullion will find that silver ends up in stronger hands as investors JBTFD's... IMO silver is less speculative than it was a year ago, it has a strong fundamental under pinning.

 

 

 

I agree. Does anyone else think this is overdue a correction?

[Concrete Jungle]

There was a short piece on Silver and Gold on Radio 4 at about 20 past 12 this afternoon. I will keep a look out for the listen again link.

 

http://www.bbc.co.uk/programmes/b010dq6y

[Icarus]

I think both Gold and Silver are due a correction and a backing up of the G/S ratio somewhat. Still a LONG way to go in this bull market.

 

In the 20th century there were three commodity bull markets. These were from 1907 -1923, 1933 -1953 and from 1967 to 1982. All three lasted for 15 years or longer. I don't have a crb / dow chart easily to hand, but gold is a good proxy for commodity prices. This gold / dow chart shows the last century's commodity and stock bull markets.

 

 

The current bear market in stocks and bull market in commodities began 1n 2000. History suggests there are about four years left to go.

 

Interestingly several web forums have actually banned the discussion of commodities and metals during this huge commodity bull. The same sits also encourage people to buy stocks during a major bear market. Such sites have probably cheated a lot of people out of a lot of money.

[warpig]

That's $45 taken out with ease...

[Pixel8r]

That's $45 taken out with ease...

Imagine being in Blythe Masters office, how can they cover when they don't have the silver to do it?

[Pal]

That's $45 taken out with ease...

Yes it really is like a charging bull at the moment. Whilst I agree about the medium/long term direction I think a quite sharp pullback is highly likely sometime soon. Not that I've got the balls to short it.

[Icarus]

Here's an article discussing the length of commodity bull markets by a GEIer -

 

http://www.moneyweek.com/investments/commodities/money-monring-commodities-bull-market-10605

 

And a video by krassimir petrov -

 

http://video.google.com/videoplay?docid=-4020393826410739752#

[Perishabull]

[CIGA]

Yes it really is like a charging bull at the moment. Whilst I agree about the medium/long term direction I think a quite sharp pullback is highly likely sometime soon. Not that I've got the balls to short it.

 

I am still buying in stages although JP of financialsense recommends maybe a put options contract on SLV for september or december may be good insurance against a sharp decline. If history repeats itself expect the correctin by May/June.. but noone knows.

 

I have some serious amounts of dry powder at the moment due to some share options maturing which i cashed in. trying to get it into PM's but having to be very cautious. I am going to buy over the next 6 months or so in stages although - any correction and i'm all in!!

[Pal]

I am still buying in stages although JP of financialsense recommends maybe a put options contract on SLV for september or december may be good insurance against a sharp decline. If history repeats itself expect the correctin by May/June.. but noone knows.

 

I have some serious amounts of dry powder at the moment due to some share options maturing which i cashed in. trying to get it into PM's but having to be very cautious. I am going to buy over the next 6 months or so in stages although - any correction and i'm all in!!

Sounds like a good plan

[warpig]

I had a contrary thought today and if I was Blythe I would push the market higher too quickly and try and blow the roof off of it. As Jim Rogers said, a parabolic move always ends in a collapse... I wonder if they'll change their tactics.

 

Will today be a $2 day I wonder...?

 

Imagine being in Blythe Masters office, how can they cover when they don't have the silver to do it?

[LauraB]

http://www.zerohedge.com/article/slv-now-hard-borrow-goldman

 

And now for the latest news in the silver meltup: SLV just moved to Hard To Borrow status at Goldman Sachs. This pertains to institutionals who are Goldman Prime Broker clients. Soon coming to every prime broker near you. Comex margin hike imminent now that it is impossible to short the largest silver ETF in the world.

 

If I was capable of intelligent comment I might attempt one. Over to you guys

[Pixel8r]

I had a contrary thought today and if I was Blythe I would push the market higher too quickly and try and blow the roof off of it. As Jim Rogers said, a parabolic move always ends in a collapse... I wonder if they'll change their tactics.

 

Will today be a $2 day I wonder...?

I get your thinking but doubt they would get the market much lower because the physical market is so tight hence the backwardation. The chinese public are snapping up as much physical as they can get their hands on currently, the trouble is that they can't get the amount of physical that could be sold.

 

It is why the market is getting away from the paper manipulators IMO, that they can't control the physical demand. They can try to play their paper games, but then they are getting asked to deliver and are having to offer 20% - 80% incentives for cash settlement ,so they can't be doing that for long.