Silver set to Soar as it did in the 1970’s

[webmaster]

Subject:Silver set to Soar as it did in the 1970’s
By: Mark O’Byrne

Overview: Silver remains very undervalued on an historical basis (charts below) and is undervalued even against gold (chart below). While gold has begun to receive some interest from a small minority of retail investors, silver remains the preserve of relatively few contrarian investors and the media and financial press rarely if ever covers silver. And yet silver is quite likely in the intermediate stage of a bull market that will rival or surpass that of the 1970’s.

Link: http://news.silverseek.com/SilverSeek/1257267140.php

[ccjoe]

Originally Posted by webmaster

Subject:Silver set to Soar as it did in the 1970’s
By: Mark O’Byrne

Overview: Silver remains very undervalued on an historical basis (charts below) and is undervalued even against gold (chart below). While gold has begun to receive some interest from a small minority of retail investors, silver remains the preserve of relatively few contrarian investors and the media and financial press rarely if ever covers silver. And yet silver is quite likely in the intermediate stage of a bull market that will rival or surpass that of the 1970’s.

Link: http://news.silverseek.com/SilverSeek/1257267140.php

It's in the INCIPIENT stage as in the bottom of the first analogy to a baseball game.
Again
au-1080
pd-325
pla-1325
ag-17!!!!!!!!!!!!!!!!!!!!!!!!
Can't anyone see silver 100 in 2010 and 300 in 2012
Everyone at the other sites see it. Well NOT everyone

[Mike Phillips]

Joe,

You are right. The purchase announced today of IMF gold by India is the writing on the wall. Russia and China will snap up the rest of the 400 metric tons the IMF announced it will sell if they (and India) haven't already. Every one has been discussing the possibility of another reserve currency (or basket of currencies). As all the central banks are printing money nobody in their shops wanted to talk about gold (because you can't debase it - spoils all the fun!). But now the Indians have broken ranks it will become a free for all. Open season on gold buying. China's gold as a proportion of total reserves is still under 1% I think. They will start serious buying. Just watch.

This couldn't come at a worse time for the big gold and silver shorts. Huge buying pressure is accelerating the losses on their unbacked short positions. Recent revelations by Madoff on his "cosy" relationships with the regulators is putting pressure on all regulators to show they are tough and untainted. The CFTC HAS to be tough on position limits on the COMEX.

Dunno where the shorts are going to get their metal. Seriously folks, on these fundamentals who is going to sell metal in size? This thing is starting to come unglued!

[ccjoe]

Originally Posted by Mike Phillips

Joe,

You are right. The purchase announced today of IMF gold by India is the writing on the wall. Russia and China will snap up the rest of the 400 metric tons the IMF announced it will sell if they (and India) haven't already. Every one has been discussing the possibility of another reserve currency (or basket of currencies). As all the central banks are printing money nobody in their shops wanted to talk about gold (because you can't debase it - spoils all the fun!). But now the Indians have broken ranks it will become a free for all. Open season on gold buying. China's gold as a proportion of total reserves is still under 1% I think. They will start serious buying. Just watch.

This couldn't come at a worse time for the big gold and silver shorts. Huge buying pressure is accelerating the losses on their unbacked short positions. Recent revelations by Madoff on his "cosy" relationships with the regulators is putting pressure on all regulators to show they are tough and untainted. The CFTC HAS to be tough on position limits on the COMEX.

Dunno where the shorts are going to get their metal. Seriously folks, on these fundamentals who is going to sell metal in size? This thing is starting to come unglued!

Thanks Mike as I saw your name on the post and I said to myself "uh oh, I hope I didn't embarrass myself here?"
I've been watching the Chinese buying gold surreptitiously now for weeks on end, but now, like you said, there's open transparency.
This stuff has been on all Indian networks for months but they have been very reticent with their buying and in the translation they haven't come right out and "spilled the beans."
I'd like your opinion Mike, above everyone's, on that Jim Sinclair 130 day warning that comes to pass this coming Sat. It seems that Nov.6 is dday for the comex not being able to cover?
Sinclair, as we all know, is not mainstream thought pattern, but I do give him more than a modicum degree of credibility.
thanks mike
joe

[Mike Phillips]

Joe,

You could be right. But Comex has limits on deliveries and I think has access to metal if it was facing a major run. They will also change the rules if necessary.

This train wreck is a slow motion one as there are vested interests fighting a steady rearguard action from positions of strength. As in all these things though, eventually the market emerges as the victor. I think this is moving to a head, but will Friday be a major landmark? I doubt it. We would have seen more straws in the wind by now. But I would love to be proven wrong! :-D

Mike

[ccjoe]

Originally Posted by Mike Phillips

Joe,

You could be right. But Comex has limits on deliveries and I think has access to metal if it was facing a major run. They will also change the rules if necessary.

This train wreck is a slow motion one as there are vested interests fighting a steady rearguard action from positions of strength. As in all these things though, eventually the market emerges as the victor. I think this is moving to a head, but will Friday be a major landmark? I doubt it. We would have seen more straws in the wind by now. But I would love to be proven wrong! :-D

Mike

Thanks Mike
If you could just check this out--To save you time the crux is post #4 AND POST #128>http://goldismoney.info/forums/showthread.php?t=387068

[Mike Phillips]

Joe,

I checked out # 4 and 128. I am sorry but what I saw was predictions but not much analysis. Maybe that was in other posts.

Comex certainly has way too little registered inventory for the size of the short positions if there is a big move to "stand for delivery" by longs. (the eligible inventory is non-material, in fact even the registered inventory is only relevant in so far as it covers specific short positions not ANY short positions). But I think we would know by now if a large amount of delivery would be required Friday as although not mandatory, notice is normally given. Plus, as I said, there are limits on how much any participant can take delivery of. (no limit on how much you can short!).

So I don't think there will be a delivery based melt down on Friday. I DO think that after the Indian news today, there will be a run on gold which will take it to $1500 by year end and silver to $30. Just my NON EXPERT opinion!

Mike

[ccjoe]

Originally Posted by Mike Phillips

Joe,

I checked out # 4 and 128. I am sorry but what I saw was predictions but not much analysis. Maybe that was in other posts.

Comex certainly has way too little registered inventory for the size of the short positions if there is a big move to "stand for delivery" by longs. (the eligible inventory is non-material, in fact even the registered inventory is only relevant in so far as it covers specific short positions not ANY short positions). But I think we would know by now if a large amount of delivery would be required Friday as although not mandatory, notice is normally given. Plus, as I said, there are limits on how much any participant can take delivery of. (no limit on how much you can short!).

So I don't think there will be a delivery based melt down on Friday. I DO think that after the Indian news today, there will be a run on gold which will take it to $1500 by year end and silver to $30. Just my NON EXPERT opinion!

Mike

I really appreciate you taking the effort to check Mike.
There is SO MUCH hype out there that it is difficult sometimes to sift through the ground clutter and get at the crux of reality.
Thanks
joe

[Mike Phillips]

Joe,

I think when people make predictions without substantive reasons, they need to be held accountable. They tend to slip away in the night, wait a while and then come up with another, unsubstantiated, prediction. I think these folks should have their credibility put into question. Just my opinion.

If one makes a forecast, with good analytical support, but which turns out to be wrong. Hey, I was in the investment business for nearly 40 years, one makes dozens of mistakes even with robust analysis and due diligence. But then one can go back and review where one went wrong.

Ted Butler is, in my opinion, a superb analyst of the silver environment. You will note that he NEVER suggests any outcome without properly thought through reasoning.

Best,

Mike

[ccjoe]

Originally Posted by Mike Phillips

Joe,

I think when people make predictions without substantive reasons, they need to be held accountable. They tend to slip away in the night, wait a while and then come up with another, unsubstantiated, prediction. I think these folks should have their credibility put into question. Just my opinion.

If one makes a forecast, with good analytical support, but which turns out to be wrong. Hey, I was in the investment business for nearly 40 years, one makes dozens of mistakes even with robust analysis and due diligence. But then one can go back and review where one went wrong.

Ted Butler is, in my opinion, a superb analyst of the silver environment. You will note that he NEVER suggests any outcome without properly thought through reasoning.

Best,

Mike

I have indeed noticed that with Mr. Morgan as well as Mr. Butler.
Jim Sinclair, on the other hand, does have a history of these "warnings."
He does have ONE more day though
We ALL know that the fait accompli for this debable is in months not years.