thanks

UP AGAIN.....WEEEEEEEEEEEEEEEEEE


http://www.foxnews.com/politics/2011...est=latestnews

It will fizz out soon enough. Bubbles can go longer than most think, though. Remember a few years ago when oil shot up and people were talking about $200 oil? Then it went down to $30 in just a few months, from well over $100.

All bubbles pop and crash hard.

lol.

It's quite interesting to hear people attempt to simplify what's going on without any real understanding of why all prices are going up. It's not just silvers price thats surging:


The irony is that your mention of "bubble" is somewhat right, you're just not understanding it and associating it with some mania bubble of speculation just in silver. It's really a bubble in credit and in the government that's causing all prices to go up, not a bubble in silver, so the inflation is bidding up prices all over. If you want to close your eyes and try to simplify this as a bubble in silver to make sense of it all... then ok. But people aren't running around demanding record amounts of silver that's causing prices to rise, it's the supply of money/credit in the system increasing that's bidding prices higher, not increased demand.

Yes there is some increased demand that's playing a role but the primary one isn't a mania in people trying to buy silver. Your average person still is not interested or considering investing in silver if you walk the streets and ask 100 random people. As opposed to the real estate bubble where it was the demand for houses or tech stocks driving prices up, along with mania and speculation.

If you're interested in understanding what brought oil prices back down last time and what it would take to stop this current surge in prices you may be interested in starting here: http://forumserver.twoplustwo.com/sh...6&postcount=52

If this "bubble" in Silver pops then the stock market, real estate, and other asset classes will come crashing down with it. Gold/silver though look to fare better from being monetary metals, in an environment where we're having a currency/credit crisis. Like MrMusicRecorder said, if it's a deflationary depression then Silver will get crushed much like everything else except for cash. It will likely fare better than other assets and could actually soar even more during a deflationary collapse depending on the markets response and how central banks respond.

oh, did forget to mention that for silver to collapse it would have to entail guberments sitting around on the sidelines allowing a massive deflationary collapse to take place without trying to monetize debts. post i linked explains the problem with that though.

I own SLV now. Should I transfer my money invested in SLV to PSLV. Is PSLV "safer" than SLV?

PSLV premiums are very high right now so you may want to wait for a good dip to buy. It's a better bet than SLV but how much so is up for debate. Yes it is backed by physical silver but it's stored at the Canadian Mint. Probably safer than at an American bank but nothing beats cold hard metal.

SLV shouldn't show up in your holdings until phase 4.

Wow... you are way off. Have you not even studied history? Every single time the public jumps on board any asset it becomes a bubble and will collapse of its own weight. Hard to believe you could be so naive.

I heard some old lady talking about her friend's silver at lunch the other day. You will get crushed on this in due time. You are supposed to buy these things when nobody wants them, not when every living human is talking about gold or silver.

Make sure you come back to this thread after you lose your money. Of course, you will tell everyone you got out in time with a nice profit.

I'm not aware of any asset that the public jumped on in history that didn't eventually get crushed, so unless you are privy to information that other mere mortals aren't privy to, then you better be prepared to get slaughtered.

There are silver threads on forums everywhere. Nobody was talking about silver when the price was $4. You should have bought then.

Oil ≠ Silver


Have you not studied economics.

The public starting to put small amounts of money into an asset does not necessarily indicate a bubble in any particular asset, accordingly the public need not be keenly aware of, or even investment in an asset in order for a "bubble" to form.

Buying undesired assets is not always the key to victory.

Boobies4me is a baller, you are what some (not me though, cause I'm a nice guy) would call a buster.

Do you understand why we saw similar gains in Cotton, Palladium, Coffee, Corn, Wheat, Oats, Soybeans and Copper?

You aren't privy to anything why would I worry about the public putting small amounts of capital into silver when it will only make my silver more valuable and I can out-think the average dumb a** so it would, theoretically become easier than trading a trend in the equity market as more random bozos get in (as opposed to competing with a higher level of seasoned traders).

The last time silver was available at $4 was September 1993, which was not when you should have bought, it is obvious there have been much better entry points than that. You know jack.

oh i see, you basically didn't read anything and still think the rising prices has to do with a silver mania. cool. how about the mania in corn and oats? seen any people talking about how they wanna invest in corn fields?... or people fighting over boxes of oatmeal at the grocery stores? the raging speculation is getting outta control imo.

In college I fought my roomate for the last pack of instant oatmeal.....once

$36.05 now, it's starting to look like Silver really is kryptonite to the Illuminati afterall.

I'm assuming Hanky is long nat gas

Ok, pretty tilted that the silver miners are not participating anymore.

Starting to wonder if the run is over (for the short term).

Obviously I haven't read every miner's quarterly/annual reports and made a list of what prices they've hedged at and how much of their reserves they've hedged at but there is no reason these miners should not be participating with spot price.

You may own the wrong miners. (exp.1) Chart AUNFF vs SLV or $SILVER, many did participate, were highly correlated and outperformed. The miners tend to lag the spot price of course. (exp.2) Kinross might be pulling 10+million ozs out of the ground, but they are a sh***y company atm. The small guys burkoboy, look at the small guys and you should have companies outperforming the spot price 3 or 4:1.

I kind of agree, sold my all my SLV calls with of the hopes sneaking back in here soon.

Deutsche Bank estimated 100million oz hedged. That's equivalent to BHP, KGHM and Coeur d'Alene's production.his number is actually quite smaller considering the price action. They are but I wouldn't.

Yes they do.. and the dollar is the definition of the biggest bubble of ALL TIME!!!

Seriously.. talk about overvalued.. I can hand a guy a small stack of paper that weighs a few pounds and trade it for a brand new 5 bedroom house on the lake. WHAT A DEAL!!!!!! Virtual Insanity.

Question... what % of Americans do you think have bought silver in the past year. When coming up with a percentage you can include all buyers...Americans who have been buying for 15+ years, 5 years, 1 year, and the past month for the first time.

I dont know the exact % but I would be willing to put the over/under at WAAAAAAAAAAAAAAY less then 1%....actually it is way less then 1% because if 1% of americans were invested in silver that would mean we have 3 million silver bugs in America, and that is certainly not the case. like probably 1/50th of 1%. That would be my over under. I bet 1 person out every 1000 people in America have bought silver in the past year and that number is probably too high

And you are saying everyone wants silver? HA

If you look at the fundamentals, silver hasn't even come anywhere close to starting its bull market. What you say about silver would be comparable to saying a new born baby 10 seconds out of the womb is about to die of old age. The bull market will START when 1% of the population starts buying silver, and we are nowhere even near that amount. And when 1% of the population is invested in silver then the price will be anywhere between 200-500 an oz.

I think it was Max Keiser that walked around LA with a one ounce gold coin and asked 10 people if they could guess the value with in 25% he would give it to them. No one was even close.
I think if you ran the same experiment with a silver coin you could prob ask 20 people and not have to give it up.

Wow that is crazy. Was this recently?

Nice thread. I became a gold and silver bug last summer, and since december I have been trading intraday and done quite well. I'm also sure that metals prices will keep going up mid and long term, and I always put my money where my mouth is. It's funny seeing people talk about a gold and/or silver bubble. The bubble is on fiat money, you just need to see how prices of quite every commodity have gone up lately.

Intraday trading is quite interesting because there are many "anomalies" that seem to be explotable (those that are aware of how JP Morgue manipulate the price should have an idea of what I'm talking about).

I follow lots of blogs about silver, this is one of my favourite ones: http://tfmetalsreport.blogspot.com/

I dunno about Max, but I did see a video of a Canadian guy walking around some tourist spot in the US trying to sell his $50 CAD Maple Leaf (1 oz AU) for $50 USD. No one was willing to make the trade (or at least they didn't show those people on the video, lol)

funny

Yep Mark Dice not Max Kaiser....my bad. I heard it AJ show thought it was Max.

Wow that guy is a major *******. Talk **** about poor people that don't know any better and then be super obnoxious and confrontational in spots where they probably don't have much cash on them like a residential street. Plus I'm sure more than a few of them would be suspect of somebody offering them random things and would just avoid.