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SilverSpot
17th July 2011, 19:01
The action we are seeing in silver is reminding me of february to april days. I speculate this rise will continue until washington negotiators negotiate a debt deal. Of course assuming they will. Once a deal is set I assume silver will settle back around mid 30's??

Interested in any intelligent thoughts on this. Thank you much!!

Down2Bedrock
18th July 2011, 00:50
Seemed that the uptick in silver happened while atrophe oversea was in the light- Ireland, Greece, and Spain's continuing socialist stench hogged buisness front pages days before the U.S debt conflict began gettting hot. So even if the ideal scenario concludes regarding the U.S debt conflict, the P.I.G.S of EURO will likely keep silver above 35/oz ---until events take a turn for the worse again. Anything, it seems; these days gives silver a figurative "excuse" to race upward...an Oilfield explodes in Syria..And Boom SILVER Jumps!!// markets shudder again.. And The lynchpin of THE WEST slips one notch closer to LOSS OF ORBIT.

SilverSpot
18th July 2011, 03:30
Wow yeah I totally hear you on everything you wrote there. It's extremely negative out there and it doesn't take much to tip the whole ship off into the wrong direction. The worlds economic foundations are changing, the non-third world is going through the mother of all deleverages. I guess I have yet to think through what will be next after this deleveraging has started to work its way through the system. For one its going to take years to get any meaningfull debt paid off, esp in the US and two I'm guessing once we make that progress of paying down the debt we won't be fueling our economy again in a leveraged way.
I guess the plan is either we start getting in touch w our inner genius' and innovate to spur growth or we all slow down and piggyback the next 100yrs off China, India, S. Korea.....
Then again we could all just go bowling!

Flymerc
18th July 2011, 05:14
When the government settles on the 75th raise for the debt ceiling PM may slow it's rise slightly for a short period. However the skeleton in the closet (the FED) will then have the opportunity to commence their useless attempt to re-inflate the terminal US economy via QE3 or whatever creative political term they come up with. IMO how much PM increases in value this year depends on how much the debt ceiling is raised, and how much "stimulus" the FED deems appropriate in their futile attempt to repair their catastrophic mistakes thus far.

immobileman
18th July 2011, 16:56
Along those line too, as mentioned in the first of the thread, what will happen to the EU as a whole. That may cause others to cash in paper silver for the real thing and then dynamite, it explodes!

SilverSpot
18th July 2011, 17:27
Along those line too, as mentioned in the first of the thread, what will happen to the EU as a whole. That may cause others to cash in paper silver for the real thing and then dynamite, it explodes!

In this scenerio, which is seeming to be more likely now, it seems a run from fiat currency "en masse" would result. If this happens I'm not sure if I want to live in that type of world. Chaos isn't my cup of tea :((

immobileman
18th July 2011, 20:37
I did say others, not everyone. If some wanted to take possession to hedge then it could be a good thing, not en masse but enough to make the difference that silver deserves.

gollumthegreat
18th July 2011, 21:23
When all the x100 leveraged Paper burns, that's got to have some sort of an impact on the price. Maybe that'll be around the time the BIS are required to cough up 7 years annual Silver mining production, or the Comex has to deliver their spit. Besides a temporary take down in Stocks and Silver '08 style, Silver Price direction is up no matter what happens on the medium to long term, unless they invent Alchemy. Industrial consumption might dip, but with Billions of Indians and Chinese wanting what we've had on a plate for the last 50 years, that consumption will just tick on up again. Just a guess. On October 2nd, the US will wake up to find the Dollar has been devalued by half, and a Dollar will only be worth 50c. That way your $14T (excluding Derivatives) will only cost you $7.5T, while prices for everyday items will double and more, and wages will stagnate. AAA Status will be gone regardless what happens after 2nd October thats for sure.

valerb
18th July 2011, 22:40
When all the x100 leveraged Paper burns, that's got to have some sort of an impact on the price. Maybe that'll be around the time the BIS are required to cough up 7 years annual Silver mining production, or the Comex has to deliver their spit. Besides a temporary take down in Stocks and Silver '08 style, Silver Price direction is up no matter what happens on the medium to long term, unless they invent Alchemy. Industrial consumption might dip, but with Billions of Indians and Chinese wanting what we've had on a plate for the last 50 years, that consumption will just tick on up again. Just a guess. On October 2nd, the US will wake up to find the Dollar has been devalued by half, and a Dollar will only be worth 50c. That way your $14T (excluding Derivatives) will only cost you $7.5T, while prices for everyday items will double and more, and wages will stagnate. AAA Status will be gone regardless what happens after 2nd October thats for sure.

That might be true, but not if your next door neighbors using the Euro take a dive before then! Rather you do an instant devaluation or go into hyper-inflation, it isn't all bad for everyone. Either way, business will have to increase their prices along with wages. On one hand your fiat savings will take a beating, while on the other, your fixed rate loans will be melting away. As a general rule, I'd guess that most Americans owe more on loans than they have in savings. The lucky ones will be tied up with fixed rate loans and not variable ones like with credit cards.

Matthew Shelley
19th July 2011, 09:01
When all the x100 leveraged Paper burns, that's got to have some sort of an impact on the price. Maybe that'll be around the time the BIS are required to cough up 7 years annual Silver mining production, or the Comex has to deliver their spit. Besides a temporary take down in Stocks and Silver '08 style, Silver Price direction is up no matter what happens on the medium to long term, unless they invent Alchemy. Industrial consumption might dip, but with Billions of Indians and Chinese wanting what we've had on a plate for the last 50 years, that consumption will just tick on up again. Just a guess. On October 2nd, the US will wake up to find the Dollar has been devalued by half, and a Dollar will only be worth 50c. That way your $14T (excluding Derivatives) will only cost you $7.5T, while prices for everyday items will double and more, and wages will stagnate. AAA Status will be gone regardless what happens after 2nd October thats for sure.

I always hear people whining about exchange delivery, but when you ask them to step up to the plate, it's always "Harumph! Harumph! Maybe another time.". The adult size traders don't whine. Their attitude is "Do. Or do not. There is no try.".

wdwexe
19th July 2011, 09:28
I always hear people whining about exchange delivery, but when you ask them to step up to the plate, it's always "Harumph! Harumph! Maybe another time.". The adult size traders don't whine. Their attitude is "Do. Or do not. There is no try.".

Not the best way to sell your services Matty. Just my opinion.

silverheartbone
19th July 2011, 11:45
which way is the big question http://forums.silverseek.com/images/icons/icon5.png