Shorting Silver?

[Boot]

I've been reading volumes on the internet about silver of late. Questions are floating around more that answers. Will silver continue its correction? What is the gold/silver ratio currently? What's the best way to invest in silver? Is the silver market being distorted by the ETFs? Is the silver/gold market being shorted? Well I found one answer. However, I must digress to divulge.

In my quest for silvery enlightenment, I came upon the Silver Summit 2009, a vacation for mineral bugs like me. Mecca. Many of the big bears will be presenting, I daren't name them for fear of leaving one out. I found an interesting article (of clothing in fact). Silver Clothing. There is a silver clothier that has created a proprietary line of clothes with a silver lining (it's really in the fibers). Here's how they introduced themselves:

ECLECTIC SILVER is the world's only SILVER CLOTHIER, with its major focus being on silver's anti-microbial & super-conductor qualities which help keep its wearers healthier and experience less discomfort/pain. Other qualities: Temperature regulating, thermo- & hydro-dynamic, and anti-static. Great for Miners, Athletes, Hunters & Law Enforcement. Everyone!
I couldn't let it go, so I followed this E-trail to their web-site, and landed in an E-store. They have a whole line of clothing. Here's the site if you are interested.
https://www.shop.eclecticsilver.net/osc/catalog/product_info.php?products_id=55&osCsid=241c3df2769bfb1dbf582a76cb28b7b8

Items featured:

MEN'S APPAREL (57)
Athletic Wear (9)
Base Layer Wear (13)
Camo Gear (17)
Casual Wear (8)
Outdoor Wear (10)
WOMEN'S APPAREL (39)
CHILDREN'S APPAREL (4)
SOCKS & FOOTWEAR (22)
THERAPEUTIC APPAREL (22)
MINERS' DIGGERS (7)
BEDDING & TOWELS (9)
LOGO APPAREL (1)
OTHER PRODUCTS (9)

So, there is another way to invest in silver. Clothing. What should I buy? I need something for the whole family. Mens apparel, athletic wear, casual wear. Here's something, Medalist® Silvermax™ Performance Underwear Boxers. Their advertisement: It instantly inhibits bacterial growth which causes odor. Stay-dry Skinetics®MTS rapidly wicks away chill producing moisture. Body heat regulating keeps you warm during cold weather conditions. Anti-static immediately dissipates electrostatic charge for quiet noise-free movement. Eureka!
My wife often complains about noise I make, and the odor that ensues. My desire to own silver, and keep my family safe has finally come together. Silver Clothes! Most importantly, I finally have an answer to one question about The Silver Market. Is silver being shorted? YES! Mens boxers to be precise. Brian "Boot" Boutilier

[silverheartbone]

Will silver continue its correction?
Not for much longer as I bought some silver on Thursday.

What is the gold/silver ratio currently?
The usual: http://www.hommel.name/cgi-bin/ssrquote

What's the best way to invest in silver?
Buy a mix:
20% 1 ounce rounds and bars.
20% junk dimes, quarters, and halves
20% 10 & 100 oz bars
20% Peace & Morgan dollars
20% ASE/Phils/CML

Is the silver market being distorted by the ETFs?
As I understand the word distorted, no.

Is the silver/gold market being shorted?
Of course.

[silverheartbone]

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=9&dy=0&id=p25149137440

Look out below!

[silverheartbone]

Just like last winter, the market hits bottom the day after I buy.

However my LCS is closed this week and I could not buy if I wanted to.

I do not expect lower prices than this from here forward.

Any sellers of physical at this local minimum (http://en.wikipedia.org/wiki/Maxima_and_minima)?

http://upload.wikimedia.org/wikipedia/commons/thumb/6/68/Extrema_example_original.svg/280px-Extrema_example_original.svg.png

[Boot]

I can say yes to if there are sellers at this local minimum, because someone let me buy up Coins, bullion and miners over the last couple of days. Thanks for the cheep buys. See you in the fall. B

[Argyria]

"silver's anti-microbial & super-conductor qualities"

Silver is not a superconductor. It is the most conductive of regular conductors, but superconductors are an altogether different class of materials in which there is no resistance at all. Silver has a resistivity of 1.59 x 10 ^ -8 ohm*meters, as compared with 1.7 x 10 ^ -8 for copper.

[Silver Lady]

I am sorry Argyria, you are correct, I guess. Don't know about ohms etc. I was going by what I have read and been told and perhaps am using the wrong word. When visiting Wikipedia on "Silver" http://en.wikipedia.org/wiki/Silver, it states that silver "has the highest electrical conductivity of any element and the highest thermal conductivity of any metal."

Could you help me out so that I say it properly? What is the difference, in easy to understand terms?

[MasterQ]

Not for much longer as I bought some silver on Thursday.




Sorry bone, I couldn't resist this one.

/ahem

Yes silver has and continues to fall apart. "Much longer" is a very general way of saying "I have no f**king clue" and truly it has been VERY hard to determine when and for how long this will last.

There is no easy "yes/no" answer as we are right now still embedded in the stochastics and basically looking like a doji on the day.

http://www.streetauthority.com/terms/doji.asp

The trend is down but I believe we ARE closer to the bottom. (see my current posts for graphs and detailed explanations as I don't want to cut/paste them here)

There is a current investigation our beloved webmaster has posted in articles covering ETF's and how even just paper trading silver in general is truly screwing up the market for silver.

As far as how to invest in silver, that is entirely up to you and your pocketbook. If you don't mind leveraging you usually can make more substantial profits. Owning coin is nice but exhaustive if your going to take delivery and then try and figure how to unload. Junk silver is really for those who think the US currency is heading to fail and want something to trade for goods should this happen. As I said it is entirely on your focus. Don't take advice from anyone here, just read around and form your own census.

I push strong opinions myself but as my sig says, it is entirely still up to YOU!

Have a great day!

-Q

[Argyria]

"I am sorry Argyria,"

Don't be sorry, I'm just pointing out a detail in the interest of clarity. I do that a lot. Silver is the most electrically conductive element, as you have read, under most conditions. However, it does still have some resistance. An element is a material with only one kind of atoms. Silver, gold, oxygen, carbon, aluminum, iron, sodium, neon are examples. A superconductor, on the other hand, is usually not an element but a combination of different elements put together in a very specific way. A combination of different elements bonded into molecules is called a compound. Most superconductors are compounds, but the elements tin, mercury, lead, aluminum and perhaps others are superconductive at very low temperatures. A superconductor has what is known as a critical temperature. Below this temperature, they have no resistance at all to electrical current. Above this temperature, they abruptly lose this property. An example is YBa2Cu3O7.

In summary, at room temperature, silver is king of conductivity, but still has some resistance. At below a superconductor's critical temperature, it has exactly 0 resistance. A current started in a loop of such a material below critical temperature will persist indefinitely without further voltage to drive it. Silver is the best 'normal' conductor, a superconductor is a particular material below its critical temperature.

[silverheartbone]

Sorry bone, I couldn't resist this one.

/ahem

Yes silver has and continues to fall apart. "Much longer" is a very general way of saying "I have no f**king clue" and truly it has been VERY hard to determine when and for how long this will last.

There is no easy "yes/no" answer as we are right now still embedded in the stochastics and basically looking like a doji on the day.

http://www.streetauthority.com/terms/doji.asp

The trend is down but I believe we ARE closer to the bottom. (see my current posts for graphs and detailed explanations as I don't want to cut/paste them here)

There is a current investigation our beloved webmaster has posted in articles covering ETF's and how even just paper trading silver in general is truly screwing up the market for silver.

As far as how to invest in silver, that is entirely up to you and your pocketbook. If you don't mind leveraging you usually can make more substantial profits. Owning coin is nice but exhaustive if your going to take delivery and then try and figure how to unload. Junk silver is really for those who think the US currency is heading to fail and want something to trade for goods should this happen. As I said it is entirely on your focus. Don't take advice from anyone here, just read around and form your own census.

I push strong opinions myself but as my sig says, it is entirely still up to YOU!

Have a great day!

-Q
Yeah I know you can't help yourself.
At least you know that there is a problem.

(Elsewhere) I asserted this dip is dollar based (dollar up = silver down),
and you disputed it.
Then the next day reversed yourself and said the silver price is dollar linked.

Some people just like to argue.
My position is that facts don't change.
As long as the silver spot is valued in USD,
then the dollar value and silver value charts are inverses.

If you go here (http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p25149137440)and look at the SLV RSI for beginning of June to now you'll notice it started at a local max and now is at a local minimum.
Strange?
No.
Now look at the US dollars RSI (http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=9&dy=0&id=p25149137440) and realize that it was/is under TREMENDOUS pressure.
So any upward move was compressed.
And it has been moving up during the same June to early July.
Until this week.....
Finally.... it is about to give way.
Real soon.
Like now.
You see what happened to the USD today.
And you know what that means.
It is not instantaneous.
But now is not later.

I know that you said will let us know when you buy. ;)

Now about junk silver...
What you say is partly true but not the entire truth.

Another good thing about junk is that is would be the least counterfeited as that would incur additional federal penalties beyond the normal fraud. So it is more easily sold.
Also it is a standardized form of silver.

[silverheartbone]

Now go back to the $USD chart and examine the correlation to the MACD and the value chart.
A DIRECT correlation to the ups and downs because that is what it measures.

See where we are on the curve. Look at the pattern. Amplitude and cycle. See the damping?

IF the pattern continues, then the index is about to go lower than before.

Can you see it?
That is one hell of a pattern.

Now it could keep on going up for a while and break the damping pattern,
that is the MACD value peaks higher than the last cycle.

But since the dollar is falling out of favor, I think that trick will take a lot of QE which should break the system in other ways.

[Beretta 92D]

Sorry I can't answer any of these questions in an educated manner, I visited this post because I thought it was "Snorting Silver" haha. Good Day

[Silver Lady]

Boot, thank you for promoting my company, and in a most interesting way! Will you be at the Silver Summit? Eclectic Silver will be upstairs (in the beautiful Davenport Hotel) in the Cutter Room. Mr. Spina, David Morgan etc. are regulars.

I am also on the Nat'l B.O.D. for Women in Mining, a national mining educational non-profit. WIM will have a table nearby.

Thanks again!

[Boot]

I would love to attend. I hope I can. I will see if I can clear my clinic schedule. If so, I look forward both both meeting your and seeing your exhibit. Cheers Boot

[Silver Lady]

If you are into silver at all, you need to clear your calendar. You will absolutely overload on it. Peter, Morgan, Korelin, Bull & Bear, the various minting companies: everyone is there. Earl Bennett is a speaker not to miss regarding the geology in the Silver Valley (the only silver "belt" in the U.S.), nor is Dr. Eric Rentz (who is very into silver in medicine and has a lot of silver clothing). Is the clinic you referred to a medical one?

I will be there. My entire store will be there, which is more than what is on the website. So you can check out the shorts and other stuff I have. For the 3rd consecutive year the Summit is offering a silver containing t-shirt with the Summit logo on it. I still have to write the press release, then it will be on the Summit's home page. The photos we took with the miner did not turn out well, so for now it'll show the logo and the description will link to the shirt elsewhere on my website. It will be a short sleeved absolute silkweight shirt; comes from Medalist Performance Sports Apparel.

Come by and let's talk silver. I also jackleg and can drive a loci, mostly I just nip for the real miners. Who knows, you might get a free pair of shorts out of the deal!