A buying opportunity is coming soon.

[silverstash]

I am expecting to see a small correction finally in silver; into the Easter weekend. Perhaps in the 18.75 range. Okay, I am just a novice of sorts, you don't know me and that is all the truth. But hey, see if it happens.........then you may want to hear what I have next to say.

[JesterJay]

Good Luck with your theory. There is no real reason for silver to fall back that much but anything can happen.
I don't see any major pull-backs in the future. You may have to be "the Flash" to take advantage of any sudden sharp spike into the basement of silver prices.
Volatility as price increases with mostly up-lines is the path of least resistance. Few chances are to be had due to the speed at which the price will change.
Do NOT wait for a "buying opportunity". The opportunity is NOW before it hits the next milestone. $35-45 by the end of the year is not out of the realm of possibility and will prove today's prices to be bargain basement finds!
I recall when I thought $13 was high.
Buckle up kids, this could get rough,
JesterJay

[waynetheking]

I think i'm gonna sell my golf clubs to the local pawn shop so i can buy more silver NOW. I know this metal has a kazillion uses but no one ever told me it was addictive to buy and hold!!

[Irons]

I think i'm gonna sell my golf clubs to the local pawn shop so i can buy more silver NOW. I know this metal has a kazillion uses but no one ever told me it was addictive to buy and hold!!

I heard that! But its proof of why people have treasured it for thousands of years.

[paker]

I took the plunge this weekend with 6 Silver Eagles. This is my first journey into the dark, twisted world of silver. I'm planning on dumping a CD I have at a local bank to buy some rounds or bars. I've read that the next 2 weeks are supposed to be the best time to get in. That'll be about the time my CD matures.

[cg1980]

Congratulations.

A correction occurs. But will it fall down up to 18.75? that's a good quesstion!

[cg1980]

Silvertrash

How did you fix the target 18.75

[silverstash]

It's more of possible supports and possible time frame.......the two of them come together........don't look for exact price....in fact, I think the time frame may be more exact then the price.

[silverstash]

This correction is healthy for the future of silver prices.
I really don't think you have to be a "flash" to take advantage of this "buying opportunity" in the next few days. So many cliches I could repeat here ie..... one comes to mind in the trying to figure out the markets action today as why the silver market is doing the opposite in reaction to a fed rate cut "Buy the rumor, sell the news".....this is exactly why I am a chartist and now a fundamentalist.
To me the charts tell the story and every thing that follows is just entertainment, knowing it is human nature to try and explain any market movement.
I will be looking to add to my position in the next few days as I have patiently waited for this "buying opportunity".

[offgrid]

Silverstash; Thanks for for the spot on info, hopefully I can get some cash and make a purchase also.

[JesterJay]

Yup, Spot on. Silver will go down in the future and one should: Buy on the dips in the DOWN direction.
Plenty more on the way. We are NOT going to get to $100/oz. in a perfectly straight line. On the contrary. Expect MUCH volatility. And I mean MUCH.
$5-10 swings in a week will be common in the next few months/years.
Do NOT hesitate to invest.
Buy low, sell high.
Dollar cost average your purchases and avoid the risk of missing the big dip.
Volatile indeed. I am just a bit suprised we have not seen more ups and downs and with larger amplitude.
But it is going UP!
JesterJay


Silverstash; Thanks for for the spot on info, hopefully I can get some cash and make a purchase also.

[offgrid]

Good advice and reminder to dollar cost average, being somewhat new to this market it slips off the radar, once in awhile.

[waynetheking]

i saw a cnbc 1 hour special on the city of dubi, saudia arabia last nite. growing like a weed. citys like this need silver to build and function. this metal is in high demand and will only go up. it's just a matter of when and how much?? i'm here to stay and the hell with the feds and short traders. volitale short term yes, long term---UP...you folks with me!!!!

[gypsybiker45]

Yup, Spot on. Silver will go down in the future and one should: Buy on the dips in the DOWN direction.
Plenty more on the way. We are NOT going to get to $100/oz. in a perfectly straight line. On the contrary. Expect MUCH volatility. And I mean MUCH.
$5-10 swings in a week will be common in the next few months/years.
Do NOT hesitate to invest.
Buy low, sell high.
Dollar cost average your purchases and avoid the risk of missing the big dip.
Volatile indeed. I am just a bit suprised we have not seen more ups and downs and with larger amplitude.
But it is going UP!
JesterJay

jester,i agree 100%,i also wouldnt be surprised if a "just found at 9am!" stash from some former USSR (anywhere really) of Ag or Gold is dumped into the market to drive the price down ,driving the daytraders back to the Dow.i wouldnt be surprised to see massive fluctuations i the $5-10 oz range eiether.

[silverstash]

I am going to chime in on supports for this correction as I see a few being tossed out there. I don't see the $18 level being broken, in fact, any lower and this market would technically be in trouble. I still believe my target of time and price looks good of $18.75 Easter weekend. Want to play it safe, wait till after Easter to either take a position or add, providing that support holds, and I expect support to hold.
I do see holding on to some of the explanations of why this market is moving upward as being somewhat dangerous..........as I could imagine a person thinking the worse is just beginning at the very top. I like to measure this market in steps, not get caught up in the fundamentals, as the charts will tell you that there will be news........sort of like the weatherman, he may not get tomorrow's weather right, but guaranteed, tomorrow, we will have some weather.
Averaging in and out is good, and can substitute for lack of good timing to some extent.........
I have been doing my own work on markets for 15 years, but not necassarily silver. But my techniques will work for any market, but I have to admit it is more of an art than a science. I prefer it that way. The difference with my technique is not only look for a target, but will also look for when it will happen. I guess my techniques were developed by me for me, as these were the questions I always wanted answered.
I will continue to focus on silver and try and take best advantage of the opportunity.
Best to everyone and God bless!

[chux03]

"I recall when I thought $13 was high. "

God, I feel old...I remember thinking we'd be "farting through silk" when it went to $10!!

[chux03]

But it is going UP!
JesterJay

Goooood...
And so is my stash!!
I'm also convinced I was correct in liquidating my best mining stock a couple of weeks ago for a nice 18% return for the 90 days I owned it. I then took that money and have been purchasing more of THE REAL THING, a deal or two on Ebay and some visits to local establishments to add ounces. When I add what physical AG I had (all sub $10 silver) to what I've purchased in the past few weeks, I have more in physical silver now than I did in that mining stock. And one other thing. I now have more physical silver than I did last year when I sold $4000 worth when it was in the high $12 range to finance a stock buying account and precious metals newsletter. Old habits die hard & I've been hooked (on silver) for years!!
Buy on the dips...
Overall, I'm happier than a clam at high tide to feel the real thing again and have that stash, a meager few hundred ounces that it is, with which to "play the game". The self preservation game...

[offgrid]

Thanks for all the insights and info, being a former chemist it is daunting to try and decipher so many different attitudes, from Hommel to msm. Does anyone have an opinion on whether the CME buy of NYMEX has a bearing on anything like: why the asian markets seem to get trumped by London and NY. Are they helping out their friends before the sale and the possible opening of the books?

[waynetheking]

We knew a correction was comming!! let it dip some more so we can BUY some more. this PM game is not for pigs or chickens! and you only loose money if you sell it. i no, i no. we all like to see it go up. that makes us feel good. it gives security to know our safes are going up in value. Right. But the fact is when its down you get MORE for your buck. We like it that way to. for me, i'm keeping my stash untill im 65 or 70. i'm 48 now. this dip as far as im concerned can go to 5 bucks again. i'll buy alot of then. but we all know above ground supplys are all but gone and 5 buck slvr is not going to happen. so with that said, 10-12-14 range, hell yea!! Buy Buy BUY and hang on to it.It will bust 35-45-55 in our lifetime!.....Just my opinion and thats why we all come here, to share!!

[Daveman]

It will bust 35-45-55 in our lifetime!

Do you honestly believe that? If that is the case, then I have absolutely no interest in silver.

"$55 in our lifetime"? That is THE ABSOLUTE MOST PESSIMISTIC forecast I've ever read.

Shouldn't it be at around $50 right now because there is so little supply lying around and there is supposedly an industrial use and demand for the silver?

If the manipulation by the Fed is destroyed or reduced, shouldn't silver by AT LEAST $40 right now?

I would think in 5 years, Silver could reach $100 an ounce if the power of the American government continues to weaken.

Please chime in.

[waynetheking]

sir, this metal stayed at 4 or 5 bucks for years. it's now at 17-20. could be another 10 years before it go's 30 or 35. some big vein could be discovered and there go's the supply promblem. just because the last 6 months has been upward does not mean 40 is right around the corner. i'm not a pessimest, i'm a realist. i'm not going to get greedy with my forcast here. i'm no expert. i'm slowly but surley getting rich in the stock market. this pm game is gonna be gravy on the top.

[JesterJay]

Dave,
I think without the manipulations going on Silver would already be $100. That would be only a 12% yearly gain from 1980 starting at roughly $5. Just really rough figures, of course. Precision only counts when I am buying or cashing in!
In reality it would be considerably higher.
Why? You may ask. Well, without the manipulation going on everyone would know the true situation of silver. The lack of stockpiles, the demand of industry, the quality of the investment, the FACT that the EASY silver is GONE from the ground and the rest will take a bit of work to dig out.
Heck, Silver is WAY more rare (more rarer?) than gold. And LOOK how high gold is WITH manipulation. Lifetime, my butt. Should be a couple hunny dollars right NOW!
Yeah, lot's higher than Fiddy Bux,
JesterJay


Do you honestly believe that? If that is the case, then I have absolutely no interest in silver.

"$55 in our lifetime"? That is THE ABSOLUTE MOST PESSIMISTIC forecast I've ever read.

Shouldn't it be at around $50 right now because there is so little supply lying around and there is supposedly an industrial use and demand for the silver?

If the manipulation by the Fed is destroyed or reduced, shouldn't silver by AT LEAST $40 right now?

I would think in 5 years, Silver could reach $100 an ounce if the power of the American government continues to weaken.

Please chime in.

[Daveman]

Dave,
I think without the manipulations going on Silver would already be $100. That would be only a 12% yearly gain from 1980 starting at roughly $5. Just really rough figures, of course. Precision only counts when I am buying or cashing in!
In reality it would be considerably higher.
Why? You may ask. Well, without the manipulation going on everyone would know the true situation of silver. The lack of stockpiles, the demand of industry, the quality of the investment, the FACT that the EASY silver is GONE from the ground and the rest will take a bit of work to dig out.
Heck, Silver is WAY more rare (more rarer?) than gold. And LOOK how high gold is WITH manipulation. Lifetime, my butt. Should be a couple hunny dollars right NOW!
Yeah, lot's higher than Fiddy Bux,
JesterJay

Okay, how do you respond to the post above yours?

Wayne said:
"sir, this metal stayed at 4 or 5 bucks for years. it's now at 17-20. could be another 10 years before it go's 30 or 35. some big vein could be discovered and there go's the supply promblem. just because the last 6 months has been upward does not mean 40 is right around the corner. i'm not a pessimest, i'm a realist. i'm not going to get greedy with my forcast here. i'm no expert. i'm slowly but surley getting rich in the stock market. this pm game is gonna be gravy on the top."


Could be 10 years before silver goes to $30 or $35, Jester.
And I thought 1 to 3 years count as long term investment in silver.

[paker]

How could the price of silver stay at todays level as the cost of mining has skyrocketed in just the last 5 years? Wouldn't someone be losing a pile of money?

[TTAZZMAN]

...cash is loseing buying power at the rate of 15% a year......be best intrest i can earn at the bank is 3-5%.......the stockmarket is negative......bonds are under 5%

the worst commodities are gaining over %15 a year and the best are off the charts.

the most undervalued commodity in my mind right now is #1 Physical Silver

where else am i going to put my money??? if anyone can tell me i have plenty of dry powder

[Winston Smith]

Part of my cash is going into silver, up or down I believe it's a good way to'gamble'. Good to be here. My favorite websites for economy are:

http://www.rgemonitor.com/blog/roubini/

http://www.thehousingbubbleblog.com/index.html

http://globaleconomicanalysis.blogspot.com/

[Daveman]

Am I the only crazy that thinks silver has a probable chance of going to $120 an ounce 10 years from today?:confused:

[TTAZZMAN]

Dave

120 is 20% a year compounded over 10yrs

silver so far in 08 up 30%ish
silver in 2007 up 15% ish
silver in 2006 up 58%ish

frankly i would be disapointed with 120

[silverbuggy]

a lot of blah blah going on here...i am with wayne. Guys get real.

So most of the people here agree that there is a manipulation going on?

Well, so the manipulation worked great the last couple of years so why should this game be over in the near future? Just because you guys are heavily invested in silver, now?

Dont rely on other people (even if they are called hommel, butler, etc.). Be realists and no dreamers. The markets are brutal as we have seen yesterday.

[Daveman]

We'll see.

[JesterJay]

Buy on the dips.
Do it now.
Shortage?
I wouldn't want to sell at a huge loss either.
Let's just see what happens after the long weekend.
$19 silver and LOTS in the shops is my guess.
Or, It is ALL GONE and the price goes to $11.
*Macho Trader took it!
JesterJay


*Just a joke. Macho Trader isn't THAT Macho.


We'll see.

[Trvlr45]

I just recently (about 6 months ago) started reading up on the silver market and precious metals in general. I heard way back in the 80's that silver was going to the moon. It did for a time but it never really did "go to the moon". I think because of the industrialization of various countries around the world it will now, in the future. It is a shame we have to lose our country to make it happen but we, unfortunately, don't have any control over the Fed. Our President, Congress and Senate are, for the most part, all being blackmailed or bribed in my opinion. Irregardless of which party they hail from. It's a tag-team rape situation for middle America. They don't work for us, they work for the Fed and the few that don't, no one listens to.

As for me I buy engelhard silver rounds (when I can afford them), 90% half dollars (when I can afford them), silver proof eagles (5 every month, like religion) and just joined silversnowball (silversnowball.com/245) to attempt to acquire uncirculated silver eagles affordably since I'm going broke buying all the other stuff. Yes, I know, It is because I'm paying to much over spot. I don't care. I like the Engelhards and I like Kennedy. Executive Order 11110. Ya know?

Yep, the proofs are way above spot but, GOD, are they gorgeous and after all, I could still melt them down for spot in the future if forced to do so. If the huge gain, and I do mean HUGE GAIN in silver materializes in the distant future who cares that I'm paying almost twice spot price right now for proofs and 2 bucks above spot for high quality rounds that will sell as bullion no problem. $100 an ounce is what I want to see and what I'm paying right now will be a thing of the past. If the big boom never happens, well, I'll hop on a banana boat to Panama, fill up a tub with my proofs and everything else and dive in for a healthy silver bath whilst being broke and destitute. I'll gamble in the meantime.

If there ever is a real silver shortage and everyone runs out to sell their proof silver eagles, silver eagles, rounds, junk silver and bars for melt value they will have probably quit minting the proofs and eagles in general long before then and mine will still be around hopefully worth a mint. No pun intended. Silver needs to be worth at least $100 an ounce in the future to make it worth the time, money, shipping charges and everything else it costs to acquire it and store it before it is worth investing in, in my opinion. I'm not going to worry about a few bucks above spot for what I want until I can't afford it and I'm just a normal middle income guy. Once it starts getting up around $30 an ounce I'll become scrouge incarnate. Two bucks over spot would be a problem if I was a big, millionaire investor losing 200 grand on the deal but I'm not. And you can stare at a proof for quite a while admiring it's beauty. I never realized how awesome they were until I started getting uncirulated silver eagles. One of which I carry in my pocket daily.

As far as the silversnowball program goes. I joined it because there isn't anything that isn't a scam these days and it is less of a scam than just about everything out there. I received my two silver eagles about 1 week after my cc was billed. My website (silversnowbal.com/245) was up within two days after I was billed. All my questions were answered promptly and honestly. So I'm paying $39 for a silver eagle!? So what? I have a website to send people to. I get my two silver eagles as I was promised because I signed up for two instead of one and I don't have to mess with shipping the coins to people who sign up or the web page nonsense. What is $39 for an eagle if what we all think is coming happens? Nothing in my eyes. Especially if anyone joins the program with me.

I put in my thoughts on Silversnowball to head off all the negative "It's a scam" responses I know will come. What isn't a scam in this country? You have to wear a chastity belt to go online deal with your bank, go to work or just leave your house every day and a cast iron chastity belt to deal with the government. An idea that won't fall apart until the free market makes it happen when silver goes to the moon and no one can afford it is no scam and a lot less painful than a blatant scam like the IRS auditing me to pay for the Bear Stearns bailout, a carbon tax on my car due to the farce of man-made climate change, a false peak oil scare or the Fedaral Reserve.
Just the thoughts from a newbie who has a gut fealing silver will go to the moon. Big time. Hopefully I won't have to fill that tub to feel good about my investment.

[silverstash]

Lock me up in a closet with my charts and at times I will show you a setup in the markets, as I forcasted on this board Mar 11 re this silver market. My support I seen was higher, but the timing was right on..........Well, sure enough, someone explained that the decline was a manipulation, cause of blah blah blah. LOL
How do you explain that? Some country bumpkin in a closet KNEW of the coming market manipulation?
Of course, what I am debating is fundamentals vs technicals. I am no good at fundamentals, so give me my charts and I will say to you, I don't care what the news is!

[Holidaysilver]

Nice call Silverstash.

Do your charts tell you when it will break out of the doldrums again?