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View Full Version : Is silver rallying starting now?



bigdawgfoxx
29th October 2008, 09:28
With the fact of inflation having to rise and silver being so low due to sellofs, are these past 2 days the early stages of a rally? i believe i want to buy and take delivery of at least a thousand ounces..which will also keep my money safe if our dollar fails. Would anyone recommend holding off today?

jmk72
29th October 2008, 10:33
I really don't know what to recommend to anyone anymore. I have been preparing for doomsday because it gave me something to keep my mind occupied with when I had nothing better to do. I always believed it COULD happen but in the back of my mind I didn't really think it would. We've been on the edge of the cliff before and made it through. We may just slip over the edge this time. I always told my wife that being prepared for a disaster whether it was natural or economic just made good sense....I never really thought I would have to use the stuff. I would happily take a loss on my fairly substantial silver holdings if it meant I didn't have to shoot a few people trying to kill me and my family to get our food and supplies. I don't know if it's fear or reality that is starting to take over my thoughts but either way I don't like what I'm seeing.

bigdawgfoxx
29th October 2008, 13:31
Any other input on buying today..anyone think we will go down to around $9.00 again and I should buy then.

main1event
29th October 2008, 13:39
I do think we will go back to 9.00 again. Wait until Friday or 9.00 silver and buy whatever you want.

SkinnerVic
29th October 2008, 13:48
I do think we will go back to 9.00 again. Wait until Friday or 9.00 silver and buy whatever you want.

I expect people to pump and dump for some of the beating they've taken with Mining stocks. I expect the window dressing put on yesterday will hold till end of Friday for the Mutual Funds FYE. After that, coupled with the CDS auctions from Iceland next week - it will be an interesting week.

SkinnerVic
29th October 2008, 14:07
Ok, I'm going to add one thing to make this more interesting. I just look at the DXY, although we gapped lower, it appears to have support at 84.5. That's not helpful for a commodity rally. Let's keep an eye on that.

silver_surfer
29th October 2008, 15:21
i would buy friday...Black Friday...Halloween.. Should hit 14.00 within end of year

bigdawgfoxx
29th October 2008, 15:24
i would buy friday...Black Friday...Halloween.. Should hit 14.00 within end of year

Damn, $14..sounds good lol

mick silver
29th October 2008, 15:38
Who know what silver will do , Our government may try some thing new , hell the way this market works it scare me , you just do not know , but if you can buy the 1000 bars , you know in time it well make you money , the way i see it , it is a good time to buy and hold silver and gold

Tribal Warrior
29th October 2008, 21:11
It's a great time to buy now. The USD is falling like a rock. I'm not sure when this will stop, but as long as the equities are rallying, the USD will be falling, thus Gold/Silver going up.

Next week will be very interesting if this equity rally continues into friday. November is beginning of the fiscal year for a lot of Mutual Funds/Hedge Funds. Along with Iceland's CDS auctions, we'll see a lot of volatility next week, I think.

Just my thoughts,,,

goldragon
29th October 2008, 21:12
It's a great time to buy now. The USD is falling like a rock. I'm not sure when this will stop, but as long as the equities are rallying, the USD will be falling, thus Gold/Silver going up.

Next week will be very interesting if this equity rally continues into friday. November is beginning of the fiscal year for a lot of Mutual Funds/Hedge Funds. Along with Iceland's CDS auctions, we'll see a lot of volatility next week, I think.

Just my thoughts,,,

http://quotes.ino.com/chart/?s=NYBOT_DX&v=w

balou2
29th October 2008, 21:20
I'd offer my advice, but I'm "too narrow-minded" to make an educated guess at the market.

hiyosilver
29th October 2008, 21:29
Honestly, I'm concerned what effect Obama might have on PMs. Socialism to me could mean confiscation, with a statement like, "required for the security of our great nation..."

jmk72
29th October 2008, 21:32
You hit the nail on the head Hiyosilver. If I even sniff the U.S. taking away guns, PM's, or any other liberties I am checking out in a hurry. I hope they don't close the Canadian border!

Trvlr45
29th October 2008, 21:47
You hit the nail on the head Hiyosilver. If I even sniff the U.S. taking away guns, PM's, or any other liberties I am checking out in a hurry. I hope they don't close the Canadian border!

Hello JMK,

They won't take away the guns. Chairman MaoBama just wants to increase the exicse tax on guns and ammunition by 500% so you can't afford to use them or buy them. The UN will take away the guns after a few more treaties are signed such as the Law of th Seas Treaty, The Global Poverty Act and I'm sure a few other acts they have in mind.

The UN has already accused us of "polluting" the oceans with the lead from our bullets so you can count on them using the eco-terrorist option and saving the planet to help everything along. It has worked like a charm to force our manufacturing out of the country and cut off our use of our own natural resources resulting in a phony energy crisis based on plant food being the villan.

As far as taking the silver and gold? Well I'm sure they have a plan for that as well. I'm thinking it's best to just stay right here and stand my ground locked and loaded if this should come to pass. Canada isn't exactly gun friendly either.

Better to die standing than live on your knees.

jmk72
29th October 2008, 21:56
Hopefully we'll have a full fledged revolt before they can take anything. Personally I would prefer a revolt on the 4th of next month but a vote for McCain isn't exactly a revolt but at least it's not MaoBama.

Frelodr
29th October 2008, 22:05
Isn't what Enron and what Wall Street just did with peoples retirement and these two large Banks holding silver down (Paper contracts for non-existant silver) --> Isn't just another form of CONFISCATION? Hello, Lodr

Trvlr45
29th October 2008, 22:10
Honestly, I'm concerned what effect Obama might have on PMs. Socialism to me could mean confiscation, with a statement like, "required for the security of our great nation..."

Chairman Maobama will steal everything that isn't nailed down and I wouldn't put armed respose off the table. They'll just claim botched drug raid or something else. As it is now they can kick down your door, steal everything worth anything and then say you have to "prove" that you earned it with "botched drug raid" as an excuse.

They just did it to a guy down in Texas a while back. He and his wife who were retired shot an intruder that tried to break into their house and when the police showed up they (of course) violated his rights by searching the house. He and his wife were retired and had saved up $400,000 over the years. Being smart about the banks he had it all stashed in his house.

They stole the money, then the FBI showed up and stole it from the locals. They told him he had to "prove" he earned it. Since they stole his life savings he can't afford a lawyer so he's up **** creek. They have no proof whatsoever that he was a drug dealer or anything else. I can see them doing the same thing with silver or gold or guns for that matter.

All they need is an excuse to get into your house and they will steal anything they want and keep it if you can't afford a lawyer. Botched drug raid works every time. There were 50 "botched drug raids" a while ago. I think down in Florida.

They kicked down the doors, smashed peoples furniture, terrorized the **** out of everyone and then said, "Sorry, botched drug raid." One of the victims was from Cuba. He said he moved HERE because he wanted to get away from that type of thing. The feds even refused to pay for the broken door frames and smashed furniture.

SkinnerVic
29th October 2008, 22:32
Chairman Maobama will steal everything that isn't nailed down and I wouldn't put armed respose off the table. They'll just claim botched drug raid or something else. As it is now they can kick down your door, steal everything worth anything and then say you have to "prove" that you earned it with "botched drug raid" as an excuse.

Even if you have "proof," you'll end up like Robert Kahre (http://www.youtube.com/watch?v=2VJ3son-ha8).

Holidaysilver
29th October 2008, 23:01
Did you mean one 1,000 ounce bar? If you can find it in any other form for $9.00 an ounce let us all know.

bigdawgfoxx
29th October 2008, 23:03
I wish I knew what to do...

Frelodr
30th October 2008, 00:04
If you can't see what has happened in the last 8 yrs. Than maybe Mission Accomplished has really worked. Later, Lodr

skijake
30th October 2008, 00:14
I wish I knew what to do...

Pick a number, maybe 10 or 20 % of what you have to work with. Buy some 1 ounce rounds. You wont be sorry long term. Wade, don't dive into the pool. See if you like it first.:)

cdavport
30th October 2008, 00:24
I haven't read this whole thread, but if you have a several year time frame, I would invest 50% in PM and sleep well at night. If you need the money next month, bury it under mattress. The other 50% I would probably do the dumb thing to do, and but PM with it also. Hey, if it is good for the first half of your cash, gotta be just as good for the second half, right?

SilverWeed
30th October 2008, 01:29
I wish I knew what to do...



Dude, YOU KNOW WHAT TO DO!! Buy Low and Sell High, it doesn't get any easier to explain than that. You should have been doing what I was doing these past few days and weeks and that was BUYING SILVER! You had better be ready and find a big 1000 ounce bar and PULL THE TRIGGER!! That would be a good start. I've seen those bars at APMEX and Ebay and you are phuking up BIG TIME by not buying one of these GIFTS FROM GOD. $10 silver. Are you kidding me? AND YOU DON'T KNOW WHAT TO DO??? FIND ONE OF THOSE BIG BARS AND BUY IT. START BY DOING THAT ASAP!!!!!! You can thank us all later.

Trvlr45
30th October 2008, 02:58
Even if you have "proof," you'll end up like Robert Kahre (http://www.youtube.com/watch?v=2VJ3son-ha8).

There must be some more news on Bob Kahre I haven't heard about.. Last time I checked his case went to the supreme court and he won just as he did in the other cases. I have no doubt though that his business was destroyed in the fight with the Gestapo.

Trvlr45
30th October 2008, 03:03
Dude, YOU KNOW WHAT TO DO!! Buy Low and Sell High, it doesn't get any easier to explain than that. You should have been doing what I was doing these past few days and weeks and that was BUYING SILVER! You had better be ready and find a big 1000 ounce bar and PULL THE TRIGGER!! That would be a good start. I've seen those bars at APMEX and Ebay and you are phuking up BIG TIME by not buying one of these GIFTS FROM GOD. $10 silver. Are you kidding me? AND YOU DON'T KNOW WHAT TO DO??? FIND ONE OF THOSE BIG BARS AND BUY IT. START BY DOING THAT ASAP!!!!!! You can thank us all later.

Silverweed,

He's a kid in college. He needs liquidity to get through it. His degree is what is important right now. Not buying low and selling high. His money needs to be in a safe place where he can get to it not in an investment that might go wrong when he needs cash. He needs to PRESERVE what he has, not gamble with it. He's in a different position than the vast majority on this forum are. Just my .02 cents.

Kelly
30th October 2008, 03:07
Speaking of a silver rally, silver is now up 74 cents in overnight trading after the NY close!!!!! :D

Trvlr45
30th October 2008, 03:10
I wish I knew what to do...

For the time being, stash it in your closet. You just might be out of college before the dollar collapses. The collapse is coming but there is no one anywhere that can tell you exactly when it will happen. I think you are "overworking" the problem.

Other than putting the cash in your closet get a goldmoney account in gold bullion, put it in a swiss franc bank account or buy some gold and put THAT in your closet. I think silver is too volatile for someone in your situation.

Just my .02 cents.

research24
30th October 2008, 05:07
Speaking of a silver rally, silver is now up 74 cents in overnight trading after the NY close!!!!! :D

Looks like the reversal in the dollar is for real. I wonder where all the money going into the stock markets is coming from. Banks lending to hedgies again? Weakening dollar sending oil back up? Well, oil supply is now falling faster than demand.

Deleveraging should be more sporadic now -- until there is another big corporate crackup and another round of CDS kicks in. Another threat is interest rate swaps, of which there are trillions. Any major move upwards of interest rate will kick off another round of asset selling.

I say all this to point out that almost nothing is predictable and that markets will remain extremely chaotic. All the old rules are out the window, so don't make the mistake of judging the future by the old rules. They don't work anymore. This is a major paradigm shift.

bigdawgfoxx
30th October 2008, 11:40
[QUOTE=Trvlr45;19230]For the time being, stash it in your closet. You just might be out of college before the dollar collapses. The collapse is coming but there is no one anywhere that can tell you exactly when it will happen. I think you are "overworking" the problem.

Other than putting the cash in your closet get a goldmoney account in gold bullion, put it in a swiss franc bank account or buy some gold and put THAT in your closet. I think silver is too volatile for someone in your situation.

Just my .02 cents.[/QU Deff a good. point. any reason to keep it in the closet other than banks

bigdawgfoxx
4th November 2008, 11:32
Would have made 1500 bucks if i would have bought lol...gold and silver have been looking great lately..i think im buying today

skijake
4th November 2008, 12:13
Would have made 1500 bucks if i would have bought lol...gold and silver have been looking great lately..i think im buying today

I have seen many members remind others not to look at the day to day price swings. Don't bother as it will drive you crazy. Buy and hold because it's an excellent store of value. Stocks are different and you can watch those every second if you want.:rolleyes:

bigdawgfoxx
4th November 2008, 15:13
I have seen many members remind others not to look at the day to day price swings. Don't bother as it will drive you crazy. Buy and hold because it's an excellent store of value. Stocks are different and you can watch those every second if you want.:rolleyes:

I would be buying from monex and take a 1000 oz bar into my posession, then I can keep a 1000oz bar in there possession and only pay 25% of it and trade it day to day or week to week and keep the money made...I think thats what yall do with like SLV or ELKREDHGKD whatever those crazy things yall buy are lol

skijake
4th November 2008, 15:38
I would be buying from monex and take a 1000 oz bar into my posession, then I can keep a 1000oz bar in there possession and only pay 25% of it and trade it day to day or week to week and keep the money made...I think thats what yall do with like SLV or ELKREDHGKD whatever those crazy things yall buy are lol

Interesting strategy. There are a bunch of different ways to go. All good, if you have some Real silver to back it up. Good Luck:cool:

research24
4th November 2008, 16:27
Yes, the rally has begun. I love to have egg on my face so I'll make a prediction. Remember, you read it here FIRST!

To wit, the price will go to $14-15 before the BIG stock market collapse comes, then silver will be taken back down with it. Rumblings of a US default will begin in Jan or Feb and then gold and silver take off again, this time for real as Uncle Sugar runs out of sweet and defaults. It will go to $50 to $100, and gold to $3,500 at which point gold will be confiscated. Again.

bigdawgfoxx
4th November 2008, 17:46
So buy now at $10, it will go up to 14-15 and your saying we will have another stock market collapse before jan or feb? Then in jan or feb it will take off again...

If so, would you sell once it hits $14 then when the market collapses buy a lot of silver when its cheaper then hold that and watch it rise?

I know you can't predict exactly..

research24
4th November 2008, 18:40
I'm not a speculator. I buy and hold for that rainy day when paper isn't worth anything, or very little.

But, if I were looking to get out, I'd be watching for the coming peak.

bigdawgfoxx
4th November 2008, 23:39
but you think we will see the market go down a lot within the next 2 months then the collapse in jan or feb and the US defaulting on its debt will raise the value even more?

bigdawgfoxx
5th November 2008, 16:45
ttt (research)

I think im gona buy today or tomorrow: 1 1000oz bar and maybe another 1000oz bar that I pay 25% on and trade it...

What would be the advantages to buying SLV over this trading thing? And how do you buy into SLVs?

bigdawgfoxx
5th November 2008, 17:39
someone should say this is a good idea so i can call the place...

bigdawgfoxx
6th November 2008, 11:42
Can u get an account on like scott trader or something and buy a thousand shares of slv and sell it when its up like 20 cents and make 200 bucks - like 10 dollar trading fees? That seems like a good thing to day trade and make some money and way easier than buying a big bar. i know it wouldnt be as good for safe long keeping, just day trading..do people do that?

rudy
6th November 2008, 11:46
Can u get an account on like scott trader or something and buy a thousand shares of slv and sell it when its up like 20 cents and make 200 bucks - like 10 dollar trading fees? That seems like a good thing to day trade and make some money and way easier than buying a big bar. i know it wouldnt be as good for safe long keeping, just day trading..do people do that?

Easier said than done. If you can predict the short term movements, I would say you've found your calling.

jmk72
6th November 2008, 12:54
This is like watching two trains heading towards each other at full speed.

Kelly
6th November 2008, 13:02
It sure doesn't look like a rally to me. I think I've become physically numb to it by now. Everytime I see that sharp move up, I know exactly what is going to happen next. It's getting very old.

research24
6th November 2008, 13:09
It sure doesn't look like a rally to me. I think I've become physically numb to it by now. Everytime I see that sharp move up, I know exactly what is going to happen next. It's getting very old.

See my post DEFLATION where I explain what is happening. You won't like it!:confused:

Kelly
6th November 2008, 13:11
How 'bout a link to it?

Kelly
6th November 2008, 13:16
--------------------------------------------------------------------------------

In 1974 the US went off the gold standard, overspent on wars and welfare, and printed money like mad. When inflation rose, Nixon dealt with it with wage and price controls. When those controls were finally removed, the pent up inflation just exploded almost overnight. Back then we had lots of labor unions that could drive up wages fast. This unleashed consumer buying power that pushed up prices.

Today, they can print money like mad, but people generally don't benefit from that as they don't get wage increases. Instead, their jobs are sent overseas and wages decline, so they have no spending power to push prices up. Instead, all inflation goes into financial assets.

In 1981 Paul Volker raised interest rate to 20% and gold and silver came crashing down where it stayed for the next twenty years.


Is this the one you mean? While this is indeed true, we must not overlook the fact that this economic crash is extreme. Regardless of any market crash in the price of silver, I still suspect physical silver will come in very handy in the days to come. No amount of market manipulation is going to make the dollar any sounder, and some folks will simply prefer not to trade in paper money any longer.

research24
6th November 2008, 13:38
No, no, I just posted a new thread.

hiyosilver
6th November 2008, 15:03
I think we'll soon revisit the mid to low 8's. If we don't bottom and rally from there, we're probably heading to the mid to high 6's.

jason
6th November 2008, 16:17
I think we'll soon revisit the mid to low 8's. If we don't bottom and rally from there, we're probably heading to the mid to high 6's.

This is quite possible

goldragon
6th November 2008, 16:28
In my mind, we may visit $7.00 in a very near future. maybe $6.00. Whenever there is a rally, you can play it. Remember: get in fast, fast. get out quick! otherwise, you will loss money.
I am know only play bear ETF funds.

bigdawgfoxx
6th November 2008, 17:15
Why all the predictions of silver going down in value while inflation rises...? I think what I've learned is silver has nothing to do with inflation...it fluctuoates randomly like everything else..

goldragon
6th November 2008, 18:50
Silver has two properties: Precious metal and commodity. At this moment, silver is more commodity, thus when industrial need is loosing, the price will come down!

research24
6th November 2008, 19:10
I predicted earlier that weak hands would be shaken out. This helps to drive the price down even further. This won't change until most foreign paper asset holdings are liquidated and cashed out into dollars. Hedge funds and banks still have a long way to go. When the dollar finally sinks back to 80 we will likely see a big turnaround in the metals. But not until then.

goldragon
6th November 2008, 19:56
This sell off will last the whole next week! DOW will go to 5000. may be 3000. Then we can go to the market and there are more than enough cheap stocks!

Tribal Warrior
6th November 2008, 20:21
I predicted earlier that weak hands would be shaken out. This helps to drive the price down even further. This won't change until most foreign paper asset holdings are liquidated and cashed out into dollars. Hedge funds and banks still have a long way to go. When the dollar finally sinks back to 80 we will likely see a big turnaround in the metals. But not until then.

I was saying this the past few weeks when people were calling a bottom on the COMEX prices. The dollar will continue to strengthen I think for the next few weeks possibly. Tomorrow unemployment rate comes out, they are expecting, 6.3% I believe, that should increase, which in reality would mean more selling tomorrow to end the week. BUT, the PPT might step in after these last two big day selloffs and buy back some. Another great day to scale in more money into Gold/Silver Mining stocks, ETFs, and bullion of course.