Imagine the prices when 100% of the population is invested in it! I could easily see it at $1500/oz

wait until 100% of the population buys it on margin. 5000 / oz imo

Irregardless of the conclusion you landed on, getting there in this manner with this logic is incredibly fishy.

Another pretty terrible post based mainly around anecdotal results oriented thinking without addressing any of the core arguments raised in this thread. Just having that "hunch" about 27o because the last time you played it you flopped a boat. Word.

Profit taking based on a previous target.

It is actually not.

1792-2002 mean GSR ratio is 31.32, we currently have a GSR of 44.02.

Well palladium gained over 100% in two quarters. I don't want to go too much into platinum and palladium itt.
China's platinum imports go up 40% while silver imports increase 400%.

Study the pressures on the three metals, past present and future.

When is the last time you ever heard the mass media giving solid coverage on platinum and palladium? Uranium prices? I don't think that particular logical connection is very significant. But I wouldn't mind taking a position again in Pt or Pd if things changed and I currently have a large position in uranium miners/producers/explorers.

Pool accounts is an option if you have some gambling money, there aren't any rhodium mines but (believe it or not) you can buy physical rhodium but I have noticed the premiums being a little rough.

There is enough bullion for everyone on earth to have 0.20 ounces of fine silver and a few grams of scrap.

Share imo.

So what is you're target price for silver, 2011, 2012, & then 3-5 yr outlook?

Bump.

A deflationary collapse.

My price targets are $50, $75 and $125. I will take 10% @ 50, 25% @ 75 and another 25% @ 125, but it all depends on the environment for anything further out.

40+ 2011
60+ 2012
125+2013

The pressures on the dollar can certainly exacerbate things in the pm market an cause these targets to be child's play. I like to stay conservative with my volatile assets.

Dave Madge director of sales at the Royal Canadian Mint.

I've been long silver for over a year for reasons mentioned in OP--parity, inflation, industrial use. From a macro standpoint, QE2/M1 vs real CPI looks favorable in the 3-5 year range, assuming China doesn't hike the **** out of their rates. I think while industrial use is the strongest factor for the continued success of silver, it also carries with it the greatest risks. Silver is perhaps the most effective material conductor out there, but rising prices have obviously shifted at least some focus onto cheaper alternatives. There's definitely still opportunity for growth--I'm still long slw, slv--but as someone mentioned, something like palladium potential carries greater upside than say silver or copper, at least in the more immediate term.

Emerging middle classes in China and INdia will probably be keen on silver as a bullion/savings vehicle.

Great video explaining why you should stay as far away from the iShares SLV ETF as possible. If you want to invest in silver, buy the physical metal.

http://www.youtube.com/watch?v=_-dBQd16cvg

Im so glad you posted this THANK YOU, I was just looking into SLV and GLD
Could someone please suggest the best way to get my paws on some physical? If its available locally what would be the best way to go about finding that out.

Try googling local bullion dealers but in my experience you can expect to pay a bit more. You can check out kitco or other sites for delivery. Not sure which is best for prices.

There are ETF's that are backed by physical. You can check out some of Sprott's such as PHYS.

http://opinionator.blogs.nytimes.com...lver&st=Search

Kinda surprised this story hasnt been mentioned.

I think it's something that's been known about for a little while now. The whole PM game is just a ridiculous con/joke.

Has anyone looked at the sympathy between silver prices and hi end electronics stocks? I'm a noob, but I know a lot of hi end electronics feature silver components in the circuitry. This might offer reason as to why a surging middle class would stimulate the silver market?

the SLV prospectus looks standard to me
people raising red flags are paranoid...

lots of ETFs have similar clauses in its contract

Just because a lot of ETF's have similar clauses doesn't mean that they are safe. In fact, it may be a good reason to stay away from a lot of them.

Taleb mentions in one of his books that a lot of brokers/money managers/economists make this mistake all the time. They make bad bets or allow themselves to get hustled. Then when things finally go bad they can claim that they were just following industry standards etc..

"I might be paranoid, but it doesn't mean that somebody isn't out to get me."

SLV bar inventory data and analysis.

I love silvers aspects, but when I read the thousands of articles out there, they are 99% complete BS. Your article states "last Thursday, the price of silver fell $1.50 per ounce in less than an hour before recovering."

Well who the **** cares. When silver goes up $1.50 nobody is crying MANIPULATION. Sounds like a daytrader who was trying to make a quick buck and has no real interest in silver is pissed off he got shaken out.

looking at the price of gold wrt that of silver at stockcharts.com (go and enter $GOLD:$SILVER in the symbol search box),



it looks like silver is the one overpriced vs the historic price ratio

what am i missing?

Historical parity doesn't just include the last 3 years. Expand your time frame significantly--Hunt bros mass purchase is probably an outlier. I think it's definitely reasonable to think the recent comparable performance is due in large part to a historical business cycle lag silver has had relative to gold, and as someone mentioned earlier, the growing acceptance of silver as collateral, which has counteracted recent IB puts on silver.