$14.00 Silver ahead?

[Ardent Listener]

Is $14.00 Silver ahead this week? What do you think?

[Chris Mullen]

Just saw $14 in after hours trading. May need to change that poll to $15 for this week at the rate we are going!

[silvers]

What about $20 by June? No unreasonable. Neither is a quick drop to $10.

Anyone have the guts to trade this or just keeping the long-term perspective???

[bawar]

I hopped out at $9.45, and took a long time to jump back in at 9.48, the ride is not that bad so I l'll just ride the long term, it sort of makes you sick to see yourself on the side as the dollars bump up.



I think a guy could daytrade the etf, in the morning around 7 am mountain it is pretty well lower that a couple of hours later, several time I thought I would buy a couple monster rolls of eagles from CNA, but by the time they opened the price was higher.


I ran into an 82 year old man yesterday that found an alluvial deposit of redish gravels, that he thought had some silver in it. He hand dug out a pickup load and brought it home, he did all the tricks including centrafuging (whatever that means) and leaching the sands in acid (I think sulfuric) anyhow he had 5-6 steps to make that silver appear, but he showed me 12.2 oz of silver he got out.

I asked him how much time he had in it and he said over 3 weeks!

At 14 per oz times 12 oz you got $168, and that is why silver has to go up, for it is not worth the time to dig it out even if you know where it is!

now if you got $148 for it you would have $1778 for the 3 week effort, that would maybe be worth it, if you knew where there was paydirt.

[Ardent Listener]

What do you think, $14.00 silver again in early June? :?: http://upload4.postimage.org/296966/Image27_AtochaChest.jpg (http://upload4.postimage.org/296966/photo_hosting.html)

Or is silver sunk for a while?

[DaleFromCalgary]

"Is $14.00 Silver ahead this week? What do you think?"

This seems a funny question to me somehow. In case you missed it, note the original date of this thread.

[skijake]

"Is $14.00 Silver ahead this week? What do you think?"

This seems a funny question to me somehow. In case you missed it, note the original date of this thread.

Good point, Since the ETF came out they have been able to keep it under control to some extent.
That's how they'll break the paper gold market and what everybody needs to do in Silver, Just keep buying physical and literally Break the Bank.
If you want to play paper games play the miners but if you want to play the Silver game buy physical, especially when they discount it.;)

[DaleFromCalgary]

"Since the ETF came out they have been able to keep it under control to some extent. That's how they'll break the paper gold market and what everybody needs to do in Silver, Just keep buying physical and literally Break the Bank."

According to a report at http://news.goldseek.com/GoldenJackass/1265295600.php, physical gold in large quantities for immediate delivery from the warehouse to an outside location is hard to locate. I would imagine that unallocated and allocated gold for storage inside the warehouse are still easy to get because they are paper, even if the dealer gives you a checklist of London Good Delivery bar serial numbers.

[skijake]

"Since the ETF came out they have been able to keep it under control to some extent. That's how they'll break the paper gold market and what everybody needs to do in Silver, Just keep buying physical and literally Break the Bank."

According to a report at http://news.goldseek.com/GoldenJackass/1265295600.php, physical gold in large quantities for immediate delivery from the warehouse to an outside location is hard to locate. I would imagine that unallocated and allocated gold for storage inside the warehouse are still easy to get because they are paper, even if the dealer gives you a checklist of London Good Delivery bar serial numbers.

When you're looking at your favorite on-line dealer and seeing he has nothing left to sell you we'll know the gig is up.
Not there yet, but no one here should be suprised. ;)

[realmoney]

IMO, the question isnt what will silver do, but what will the stock market do.

I've always thought the rally was just that, and not a V shaped "recovery". Not sure if it will retest the lows of last March, but I think it has much more room on the downside from here. So I'm in a holding pattern for now...

RM

[What is Truth?]

IMO, the question isnt what will silver do, but what will the stock market do.

I've always thought the rally was just that, and not a V shaped "recovery". Not sure if it will retest the lows of last March, but I think it has much more room on the downside from here. So I'm in a holding pattern for now...

RM

A 9,000 Dow and $13.00 silver may well be on its way. I'm not currently a buyer of either.

[RDJ]

You will be able to buy the paper (SLV, SIVR) at the market price, but I predict that you'll be hard pressed to find any deliverable metal at < $15. Once silver drops below that price, there will be none to be found. Buy while you can. I bought some last week and will continue to add to my stack on Tuesday evening when the market dumps. << prediction subject to chang

Hay RM. I totally agree with you. It's interesting to go back and look at the DOW between 1929 -1933. The "great crash" of 29 was actually much later.

-RJ

[cugir321]

I hope it goes below 14.00....I'm ready for another truck load. I don't think it will get there.

I think it's about to explode upward. It's called the pee pee formula....we're getting pee'd on.

You will be able to buy the paper (SLV, SIVR) at the market price, but I predict that you'll be hard pressed to find any deliverable metal at < $15. Once silver drops below that price, there will be none to be found. Buy while you can. I bought some last week and will continue to add to my stack on Tuesday evening when the market dumps. << prediction subject to chang

Hay RM. I totally agree with you. It's interesting to go back and look at the DOW between 1929 -1933. The "great crash" of 29 was actually much later.

-RJ

[AgShaman]

No worries cugir321.....Monday night they will be having a secret summit in Australia to decide if you will no longer be getting pee'd on.

Watch for the fallout on this one.....and who doesn't get invited

http://www.dailytelegraph.com

Curiosity will not kill the C/Kats of SS Nation!

[What is Truth?]

You will be able to buy the paper (SLV, SIVR) at the market price, but I predict that you'll be hard pressed to find any deliverable metal at < $15. Once silver drops below that price, there will be none to be found. Buy while you can. I bought some last week and will continue to add to my stack on Tuesday evening when the market dumps. << prediction subject to chang



-RJ

I can currently buy 100 ounce bars at $15.61 per ounce.