Interesting Week

[pmstacker]

Well we've had a pretty decent week of gains so far. The gold to silver ratio is down to about 65:1 compared to nearly 80:1 a few weeks ago. Pretty much all the precious metals have made decent gains this week. What do you suppose next week will bring? A typical monday smackdown? Or another rally similar to this weeks? Or will it just flatline?

Personally i'm expecting a slight pull back early in the week with a slight rally later in the week to bring us back to where we are now.

Its nice to see some action on the positive side, however it doesn't change my stance of hold and wait. I'm pretty much done accumulating for a couple months, i need to settle down and get my finances back in order and concentrate on other things. It would be nice to sell it at a higher price and get back in much lower, but i dont have the guts for that right now. My luck, i'll sell, the price will skyrocket and i'll miss the boat :/ Either way its nice to look smart for a week or 2 to your family members, hehe ;)

[Steadfast]

YES!
Like a perfect storm...
We have had a near "Perfect Week" for silver...

I believe that mother's day will be yet another retail "bust".
and obama's guys will keep saying stupid stuff.

So,
I believe all PMs will continue to rise.
and that we will see silver closeing in on gold even more.
over this weekend...

I am guesstimating 1/62 ratio and Silver at 15/oz...by next friday...

[pmstacker]

We just hit 14/oz for the second time in 2 days, not bad. 15/oz would be welcomed by me at this point, i'm done building my stack for a few months ;)

[maplesilverbug]

Not so much a "perfect week".

Why not? One word: gaps.

You know, the old saying that goes, "Nature abhors a vacuum".
Gotta have connectivity in order to achieve sustainability.

I say we are back down to $12 shortly.

[maplesilverbug]

(It's not letting me edit so...addendum...)

In the TA realm of things:
%R says silver was heavily overbought all this week.
RSI also shot into overbought territory.
That leads to corrective selling.
And y'all know what that means...

$12.

[other1z]

Not so much a "perfect week".

Why not? One word: gaps.

You know, the old saying that goes, "Nature abhors a vacuum".
Gotta have connectivity in order to achieve sustainability.

I say we are back down to $12 shortly.

Which reminds me of a favorite Gary Larson comic from years ago.

http://groupkos.com/eso/show_image.php?id=96&scalesize=0&nocount=y

[pmstacker]

Monday smackdown is upon us. The stock market is down as well, so who knows we might rebound by the end of the day to break even. I doubt we'll see any gains until the later half of the week.

[Steadfast]

Call me a "hopeless optimist",
or even "an idiot"...if you like... :rolleyes:

But
I am still guesstimating 1/62 ratio
and
Silver at $15/oz...by this friday...

[pmstacker]

Would be pretty nice, but i'm not going to hold my breath. However the smackdown this morning hasn't been too bad, so anything can happen.

[Steadfast]

In today's words of Steve Saville, The Speculative Investor

“We continue to believe that gold will be the best hedge against the problems to come. This is not because gold is always a good hedge against monetary inflation, because it isn't. For example, there have been many times when gold has fared poorly in response to rapid money-supply growth. It is, instead, more appropriate to think of gold as a hedge against government stupidity and the negative economic effects of that stupidity, and rarely in history have the governments of 'free' and developed countries acted as stupidly as they are today. As a result of the way governments are acting and have committed to act in the future, economic and monetary conditions over the next few years are likely to come together to create the ideal environment for gold-related investments. Specifically, we are likely to get the combination of rapid money-supply growth, economic weakness, a strong desire by the public to increase its savings in terms of something stable.”

Now add in that the world’s silver supply is 88% vaporized since 1965.

Add the fact that Silver doubles Gold's growth percentage, whenever Gold climbs.

Add in that the “naked short sellers”, like JP Morgan and the like, are getting increasingly nervous about getting caught making big market manipulations, do to the ever increasing public outcry.

Finally, Add in the most major factor of all:
Obama’s people keep on doing and saying stupid socialist things, that directly threaten free market capitalism, on a daily basis.

And you will easily come to the same conclusion I have about what I believe this week’s numbers should be.

[Steadfast]

Finally, Add in the most major factor of all:
Obama’s people keep on doing and saying stupid socialist things, that directly threaten free market capitalism, on a daily basis..

I try to find optimism anywhare I can...

So, Look at it THIS WAY,
Obama may distroy our nation and the freedoms we hold dear.

But he sure will be remembered as one of the BEST things that ever happened to PM prices!

[pmstacker]

I kinda feel bad for obama, however his actions as of lately are starting to sway my opinion. He inherited a mess very few have ever seen, and frankly i don't think there are too many people on this planet that could "solve" the situation, so hes just doing what government does best. Throw a dart and pray!

[Paul]

Obama looked the business when he came over to London for the G-20. Even to the point of shaking hands with the policeman on the door at No.10. He seems to have a real charisma and other leaders are warm towards him. When you see old footage of Bush he always seems to be alienating someone.

[pmstacker]

Yeah hes definately a good face on the nation, however i'm starting to wonder about some of his policies. Personally i wish hed go after the ones responsible for torturing suspects and the numerous bailouts don't sit too well. Other than that though i commend him for his policy on stem cell research.

[mountainmurph]

Yeah hes definately a good face on the nation, however i'm starting to wonder about some of his policies. Personally i wish hed go after the ones responsible for torturing suspects and the numerous bailouts don't sit too well. Other than that though i commend him for his policy on stem cell research.



The nationalization of banks and printing of katrillions of dollars out of thin air has me wondering about some of his policies also. As CEO of GM he hasn't done much though except fire the past president. Come on buddy ,don't be fooled. Hes just a better actor than GW. They have the same agenda.

[Trvlr45]

I kinda feel bad for obama, however his actions as of lately are starting to sway my opinion. He inherited a mess very few have ever seen, and frankly i don't think there are too many people on this planet that could "solve" the situation, so hes just doing what government does best. Throw a dart and pray!

Ron Paul was the only one who knew what CAUSED this situation and he was run out on a rail as a lunatic by BOTH parties. George Bush inherited a mess as well. We'd be on the road to recovery if the masses weren't so mis-informed and actually took the time to read just a LITTLE about history and what is in the Constitution, The Bill of Rights and WHY they were written.

Instead we have a half black, illegal alien, racist, communist who has absolutely NO experience at doing ANYTHING in government except slingin' the BS and voter fraud in our Whitehouse and he isn't running anything or making any decisions. The communists in Congress are.

At least Clinton and Bush had executive experience before they got into office to $#@! everything up and sell us down the toilet. This idiot is in there just because he's half black and can sling the BS like no one ever has. Oh, and for all the dingbats out there. He looks good in a swimsuit. What a great way to decide who will run our country.

Obama WILL probably be the best thing that ever happened to PM prices once the damage he does shakes out years down the road. Look how long it took for the commies in the ACLU and ACORN just to mention two to destroy the real estate market with Jimmy Carter's "Community Re-Investment Act".

Dictators are very patient and with every president a puppet and the biggest puppet of all in the Whitehouse right now they are getting esactly what they want. PM's will skyrocket eventually. I think we still have a pretty long wait before they do though. Incrementalism is the key to the agenda.

[Trvlr45]

Yeah hes definately a good face on the nation, however i'm starting to wonder about some of his policies. Personally i wish hed go after the ones responsible for torturing suspects and the numerous bailouts don't sit too well. Other than that though i commend him for his policy on stem cell research.

Stem cell research is a farce. Torturing of suspects is a necessity in war time. They supporters of stem cell research just want another rat-hole to stuff tax dollars into under the guise of " we're here to save you". That's when they aren't stealing property rights and paychecks under the guise of "saving the planet" or forcing psychotropic drugs on children under the guise of "saving the children".

Adult stem cells have shown all the promise of embryo's without the Frankensteinian activities of breeding embryo's in warehouses and wasting taxpayer dollars on another tax scheme the government has no business being in. Just like health care.

The Iraq war was BS, however, when in wartime torturing is absolutely necessary to win. Better them than us. I support saving our troops rather than spitting on them like Code Pink does as well as other peacenick anti-American organizations.

Anyone that did their homework on this buffoon already knew what his policies would be BEFORE he slimed his way into the Whitehouse. Not that McCain was any prize. Unfortunately, he's there so you may as well hang on to your seat because he's going to do a LOT of damage to this country.

[Trvlr45]

The nationalization of banks and printing of katrillions of dollars out of thin air has me wondering about some of his policies also. As CEO of GM he hasn't done much though except fire the past president. Come on buddy ,don't be fooled. Hes just a better actor than GW. They have the same agenda.

Yes, they do have the same agenda because they are/were both puppets. But Obama? He's the worst of the worst. I can't recall any other president who has run around the world saying the Constitution is flawed because it only says "what the government can't do instead of what it can do." Bush said it but he was off the record at the time. This jerk is brazen about it.

I don't believe he's an actor at all. He's a communist/dictator in it's purest form and he doesn't mind saying so in public. He just thinks there are enough ignoramouses in this country to continue to support his BS and I'm afraid he's right.

[fullsafe]

What a damn shame! I'm going to be away from the computer for a few days and I'm not going to see how this turns out! My soaps on TRLVR .
Barry's a train wreck waiting happen!

[Yabezlas]

Very well stated Trvlr45.....! I could not agree more with your assessment! Only time will convince most, some still think JC was a great prez, rather than the waste of humanity he is.

[pmstacker]

Could we get back on subject here? Silver has made some gains today, hopefully this will continue through tomorrow. But pretty much i was right when calling it being right back where we started at the beginning of the week. Lucky guess, but i was right none the less :)

[Steadfast]

YES!
I am guesstimating 1/62 ratio and Silver at 15/oz...by next friday...

It's Looking like my guesstimation may fall short by the end of today... Bummer!

[pmstacker]

I'm off by .04, it closed at 13.95 today, it closed at 13.99 last week ;)

[theo68]

It's Looking like my guesstimation may fall short by the end of today... Bummer!

Its my understanding that silver has fairly strong resistance at around 14.30. If it can break that, then it is likely to move up past 16.

[akak]

The Iraq war was BS, however, when in wartime torturing is absolutely necessary to win. Better them than us. I support saving our troops rather than spitting on them like Code Pink does as well as other peacenick anti-American organizations.


Bullshit! But thanks for showing your neocon true colors here.

Did the USA win WWII by engaging in torture? NO! In fact, we hung many Japanese and Germans for doing no more than we (the USA armed forces and CIA) have been doing in the last few years, shamefully and to our eternal dishonor.

The fact is, torture was proven centuries ago to NOT be a reliable means of obtaining reliable information. Fundamentally, though, torture is not about gathering information at all --- it is about instilling fear and dread in one's enemies, letting them know how they will be treated if captured. It is also barbaric, utterly unnecessary, and an abomination. Anyone who tries to condone it or rationalize it is completely unAmerican, and fully deserves to have it performed on them.

[Homer]

That didn't take very long did it?

[pmstacker]

Please take the bs elsewhere, this thread is about silver. How many times can one thread be hijacked? Fuck it, i'm done. I'll start a new thread in a few days.

[akak]

Please take the bs elsewhere, this thread is about silver. How many times can one thread be hijacked? Fuck it, i'm done. I'll start a new thread in a few days.


Sorry PMStacker --- I didn't read the entire thread, and should have seen what was going on here. I agree, this thread had gotten off-subject --- lesson learned.

[Homer]

I thought this was the forum where the rules of civilized behavior and decorum were going to be observed.

I guess that had a pretty short run.

[akak]

I thought this was the forum where the rules of civilized behavior and decorum were going to be observed.

I guess that had a pretty short run.


No, actually I think it was just intended as the non-Duneyman forum.
Hopefully, that problem has been self-corrected (or at least appears to be --- for now).

[SeekrBrnEvryMin]

Well, if you look at this thread, you have:

Page 1: Gary Larson comics, Obama and socialism;

Page 2: Bush alienates someone, the nationalism of banks, Ron Paul, stem cell research, the Iraq war, soap operas, and Jimmy Carter.

Get back on topic?

Kewl!

You start.

[maplesilverbug]

Well, if you look at this thread, you have:

Page 1: Gary Larson comics, Obama and socialism;

Page 2: Bush alienates someone, the nationalism of banks, Ron Paul, stem cell research, the Iraq war, soap operas, and Jimmy Carter.


But...the topic is "Interesting Week"...I would say all the above makes for an interesting week!

[Trvlr45]

Bullshit! But thanks for showing your neocon true colors here.

Did the USA win WWII by engaging in torture? NO! In fact, we hung many Japanese and Germans for doing no more than we (the USA armed forces and CIA) have been doing in the last few years, shamefully and to our eternal dishonor.

The fact is, torture was proven centuries ago to NOT be a reliable means of obtaining reliable information. Fundamentally, though, torture is not about gathering information at all --- it is about instilling fear and dread in one's enemies, letting them know how they will be treated if captured. It is also barbaric, utterly unnecessary, and an abomination. Anyone who tries to condone it or rationalize it is completely unAmerican, and fully deserves to have it performed on them.

Talk about bullshit! If you think there wasn't any torture going on during WW2 you're VERY naive. As for it not working that's more bullshit. What are you? A member of Code Pink? A fan of "The ED show"?

Instilling fear and dread in ones enemy is EXACTLY one of the tactics that wins wars. Nice people don't win wars and they are worthless where national defense and the security of our country are concerned.

Unfortunately this country seems to have a fair amount of people that believe in the tooth fairy or they wouldn't run around saying something as assinine as you just said. Just exactly what IS your solution to dealing with a bunch of barbarians who spent days having a pagan gang-bang with Jessica Lynch who was pretty well beaten up before they used her for a pagan orgy.? HMMMMM?! What would YOU do? Call them on the phone and say, "Can we talk about this because we over here in America think that gang-raping a girl with multiple injuries isn't very nice." I guess you think it was "nice" people they sent in to rescue her once they got the tip where she was being held. If it was up to you she never would have gotten out of there alive.

The only reason the people in this country have been able to sleep in peace at night for so long is because there are those who are willing to do what it takes to "instill fear and dread" in those that may attack us or harm our country. If you ever get your way no one in this country will be able to sleep in peace at night.

That, incidentally is why we have a Navy that patrols the world. It is a show of force and lets those that may want to cause us harm know that we can and will defend ourselves. People are animals and it's not going to change anytime soon.

People like you obviously haven't the slightest clue as to the basics of human nature. This is NOT a friendly planet we live on, it is full of unfriendly people and the only thing that has kept things as civil as they are is our military and our willingness to do what ever it takes to defend ourselves including nuking Hiroshima and Nagasaki. You probably don't know your history well enough to know why we did that and what the reasons were behind it. It was to save lives.

Pacifism is nothing but a sure way to end up enslaved.

[Trvlr45]

I didn't intend to get off topic but since the thread was already off topic I just had to respond to what I consider some VERY ignorant statements.

[akak]

Talk about bullshit! If you think there wasn't any torture going on during WW2 you're VERY naive. As for it not working that's more bullshit. What are you? A member of Code Pink? A fan of "The ED show"?

Instilling fear and dread in ones enemy is EXACTLY one of the tactics that wins wars. Nice people don't win wars and they are worthless where national defense and the security of our country are concerned.

Unfortunately this country seems to have a fair amount of people that believe in the tooth fairy or they wouldn't run around saying something as assinine as you just said. Just exactly what IS your solution to dealing with a bunch of barbarians who spent days having a pagan gang-bang with Jessica Lynch who was pretty well beaten up before they used her for a pagan orgy.? HMMMMM?! What would YOU do? Call them on the phone and say, "Can we talk about this because we over here in America think that gang-raping a girl with multiple injuries isn't very nice." I guess you think it was "nice" people they sent in to rescue her once they got the tip where she was being held. If it was up to you she never would have gotten out of there alive.

The only reason the people in this country have been able to sleep in peace at night for so long is because there are those who are willing to do what it takes to "instill fear and dread" in those that may attack us or harm our country. If you ever get your way no one in this country will be able to sleep in peace at night.

That, incidentally is why we have a Navy that patrols the world. It is a show of force and lets those that may want to cause us harm know that we can and will defend ourselves. People are animals and it's not going to change anytime soon.

People like you obviously haven't the slightest clue as to the basics of human nature. This is NOT a friendly planet we live on, it is full of unfriendly people and the only thing that has kept things as civil as they are is our military and our willingness to do what ever it takes to defend ourselves including nuking Hiroshima and Nagasaki. You probably don't know your history well enough to know why we did that and what the reasons were behind it. It was to save lives.

Pacifism is nothing but a sure way to end up enslaved.



Please take your immoral neocon chickenhawk warmongering elsewhere!

[Ancona]

Hmmmm........I thought this forum was set up for those who were interested in an exchange of ideas.

[akak]

Hmmmm........I thought this forum was set up for those who were interested in an exchange of ideas, rather than flinging epithets and adjectives around.

I guess I was wrong.


I also did not believe it was set up to defend and resurrect support for the worst medieval barbarities and abominations.

The fact that we are even have to have a debate in this day and age about torture (TORTURE!), much less see it having been reinstituted as official policy, is just another sign of how profoundly corrupted and debased this country has become.

I guess I just assumed that anyone who is informed enough to engage in a forum such as this, would also be informed and clearheaded enough to not buy into the simplistic fearmongering and warmongering propaganda of the political establishment.

[Yabezlas]

Strength increases chances of diplomacy. Why do you think Iraq wants nukes?

[Trvlr45]

Please take your immoral neocon chickenhawk warmongering elsewhere!

I can see you just don't know any better so I won't argue the point. I can safely assume you are an Obamabot and probably a former Clintonite with no mind of your own which is where parroting the "neocon, chickenhawk, warmongering" terminology comes from. Wars are always prevented by showing superior strength through a superior military. That's a fact. When you DO have to go to war being meaner and smarter than your enemy is what wins. That's also a fact.

[Trvlr45]

I also did not believe it was set up to defend and resurrect support for the worst medieval barbarities and abominations.

The fact that we are even have to have a debate in this day and age about torture (TORTURE!), much less see it having been reinstituted as official policy, is just another sign of how profoundly corrupted and debased this country has become.

I guess I just assumed that anyone who is informed enough to engage in a forum such as this, would also be informed and clearheaded enough to not buy into the simplistic fearmongering and warmongering propaganda of the political establishment.

Worst medevial barbarities and abominations? Like gang raping injured girls. Chopping off heads and hanging burning bodies from bridges? Bombing buildings where civilians are having lunch and minding their own business?

Fearmongering? Like the second hand smoke lie, the man-made climate change lie, the "We're here to save the children lie"? There isn't a day goes by where we are told there is another emergency requiring higher taxes, more government programs and less freedom. THAT kind of fearmongering?

[Trvlr45]

Please take your immoral neocon chickenhawk warmongering elsewhere!

Immoral? I always thought defending ourselves and preventing mass casualties inside the United States was perfectly moral.

Immoral to me would be something like what Jane Fonda and her ilk did years ago resulting in 3 million slaughtered (and really tortured) in the killing fields or feeding people to lions and throwing them off buildings like Soddam and his kids were doing. That's if the paper shredder was down though.

Warmongering? I seem to rememeber a few malcontents flying planes into our buildings just as Japan came over here and picked on us first. Japan, incidentally was REALLY into torture before the war. I think most would pray for a good water-boarding session rather than deal the type of REAL torture that has gone on in history.

[Steadfast]

YES!
Like a perfect storm...
We have had a near "Perfect Week" for silver...

I believe that mother's day will be yet another retail "bust".
and obama's guys will keep saying stupid stuff.

So,
I believe all PMs will continue to rise.
and that we will see silver closeing in on gold even more.
over this weekend...

I am guesstimating 1/62 ratio and Silver at 15/oz...by next friday...

He he he...
Silver is now around $15.20 at a Gold/silver ratio of 1/62

So, I was only 2 weeks off....
Not too shabby!

ok, so, Look for silver to break $17.00 in 2-3 weeks!
with a ratio of 1/56

[maplesilverbug]

Look for silver to break $17.00 in 2-3 weeks!
with a ratio of 1/56

Wanna bet?

[Steadfast]

Wanna bet????

Dude you said this after my last market call...


Not so much a "perfect week".

Why not? One word: gaps.

You know, the old saying that goes, "Nature abhors a vacuum".
Gotta have connectivity in order to achieve sustainability.

I say we are back down to $12 shortly...
In the TA realm of things:
%R says silver was heavily overbought all this week.
RSI also shot into overbought territory.
That leads to corrective selling.
And y'all know what that means...

$12.

And just look who nailed it... and who did not...
So if you are "wanting to bet",
put your silver where your faith is, act on your own pesimism,
and sell your silver now while it is still high... hey, I'll buy it...

[maplesilverbug]

It's not "pesimism" [sic] or optimism...just realism.
I said $12 "shortly" -- to me that means a month or two, not a week or two.

And no, I'm not selling my silver (not all my silver) because even though I think it will hit $12 again, I also think it will go beyond $15 again (year end).

And yes, I do still want to bet -- 1 oz.

Steadfast: Look for silver to break $17.00 in 2-3 weeks [June 11-18]...with a ratio of 1/56.

MSB: not.

I'm not trying to be a dink or anything -- completely friendly wager (although wagering is probably against forum rules...). I'm not arguing against you either; everyone has their own outlook, only the future will determine who guesses correctly.

[Steadfast]

sorry, I cannot wager... it is a religion thing.

and no, I do not think your a "dink",,,
(look, I made a rhyme)

But we shale soon see who gets the next one right...

[maplesilverbug]

I don't religion...it's a wagering thing.

But seriously...right or wrong, we're all d-e-d in the end. :)

Should continue to be interesting weeks ahead regardless!

[Steadfast]

He he he,
15.99 spot!

not even 5 days later and we are half way to $17... ;)

[maplesilverbug]

...not even 5 days later and we are half way to $17...

In case anyone needs clarification: $16 is not $17.

Boo ya.

[maplesilverbug]

He he he,
15.99 spot!

not even 5 days later and we are half way to $17... ;)

He he he,
15.80 spot!

not even 6 days later and we are less than half way to $17... ;)


See...it doesn't really mean anything until it actually gets there!

[maplesilverbug]

He he he,
15.80 spot!

Let me rephrase that: "He he he, 15.31 spot!"

The game you can play aaaallll day long!

As Leviticus 12:18 saeth: "Thouest shant gloat beforeth thine timeth of reckoning! Ameneth."

[maplesilverbug]

Steadfast: Look for silver to break $17.00 in 2-3 weeks [June 11-18]...with a ratio of 1/56.


Hello? 17? 16? ...15?!? (http://www.youtube.com/watch?v=8yteMugRAc0)

Nine days and counting...okay, I'll give you a full two weeks!

Hope you're right, I need some summer vacation dough!

[Steadfast]

hmmmm, it is looking... not so good...

[pmstacker]

Well the monday beatdown is typical it seems lately. We'll just see what kind of movement happens the next few days. As long as we end the week up a notch i'm happy, but if it falls several dollars then i guess we'll go back to stacking em higher ;)

[Paul]

That's the beauty isn't it: It goes down a bit we win. It goes up we win. Nice! :p

[Ancona]

Anyone besides me see the massive action by our venerable PPT today on the Dow? Who do these knuckleheads think they're kidding anyway?

[maplesilverbug]

hmmmm, it is looking... not so good...

Don't be so down (pun intended). Just look at how volatile silver is. No one knows what it will do from day to day -- take your best guess. Who knows, there just may be a +15% spike waiting to happen in the next two weeks!

Your price, my price...whatever!

[Ancona]

I don't know 'Bug, the view from my seats might be a little bit obstructed, but it looks like everything out there is infected with giant Fed pustules.

How does one know when something is real anymore? It absolutely pixilates me to see these fuckers and their daily machinations, trying to convince the sheeple that everything is Pollyanna pretty.

I want to snatch one of them up and bitch slap them.

[pmstacker]

Silver would be great for quick gains in a kitco pool account. As soon as i have a couple grand laying around i will most likely give it a try. The volitility of silver would make it almost day tradable.

[maplesilverbug]

Steadfast: Look for silver to break $17.00 in 2-3 weeks [June 11-18]...with a ratio of 1/56.

MSB: not.

*********

And the day of reckoning is upon us!

And silver sits at $14.20...

19.7% ($2.80) from the "break" of $17;
15.4% ($2.20) from the low of $12...
(and 13.8% off the 56 ratio)

Might as well call it even!


Gotta go shine some stuff now...