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Silver price discussion and analysis

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Re: SILVER


Funny you should ask, was just a few minutes ago looking at the silver price holding firm at the close. As usual gold being pushed down but silver holding up. Usually a bullish sign for both.

Although not spoken of much the ratio silver/gold is way out of whack and I expect the best returns will come from my physical silver holding in the longer term. Some have said that the ratio could go to 5/1 with the poor mans gold, hard to get your head around a return like that if gold was to go up another 300% as some suggest.

The fundamentals and action on the gold threads are relevant to silver in my view.
 
Re: SILVER

Will be interesting to see if Macmin silver can come out of administration - was the best silver only project on the market.
 
Re: SILVER

doogie_goes_off said:
Will be interesting to see if Macmin silver can come out of administration - was the best silver only project on the market.
Click to expand...

Now that is amazing, only a few weeks ago talking to a mate we said we should get a few together and buy the entire project. A good silver price rise would make it very attractive indeed.

Cumorn, lets get a group to task on it. Would be welcomed by the locals, Texas I think the place is called has died since the mine closed and I know an uncle living on the gold coast who would throw a heap at something like that.
 
Re: SILVER

Thanks for the response ,Explod. Any idea when silver and gold were at that 5/1 ratio?...must have been awhile back.
Just doing the sums ..if that was the case today ..gold would be only $80.00..or ,conversley silver at around $200.00 ...know which I prefer!



"Cumorn, lets get a group to task on it. Would be welcomed by the locals, Texas I think the place is called has died since the mine closed and I know an uncle living on the gold coast who would throw a heap at something like that."

And your last post is nice and cheerfull.I held a few MMN ..hope they can rise from the ashes.. and your uncle is interested.

Cheers Ya'll
 
Re: SILVER


Been pretty busy lately. Hopefully have a bit more time now for a little while.

Thoughts? Silver has risen much more than gold this year, but also fell more last year.

Silver is more leveraged than gold (on both up and downside).

The ratio of gold:silver in earth's crust is approx 1:17 and historically gold has been 15-17 times the silver price. This ratio is out of whack currently and many other factors such as silver being used for industrial purposes as well, meaning that there is more gold stock in the world than silver, means the ratio may come even lower than the historical average.

Finally, I think we are very close to breakouts in Au and Ag to new highs.
 
Re: SILVER

Heres SLV, the silver iShares ETF, already broke out, now a test or pullback....might be a good place jump on again...I will be watching this closely.

Cheers,



CanOz
 

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Re: SILVER

If they can keep the global economy up, silver will catch up to gold for industrial demand increases and that ratio will close a little more.
 
Re: SILVER

Thanks for the input R S and others

Looks like the breakout will be a prolonged excersize ,after last nights falls.

Patience ,Patience

Cheers Ya'll
 
Re: SILVER

Time to boot this thread in the bottom again

Just checked KitcoWorld Market..Have only been watching silver for a couple of years..so is this unusual?..all other PMs down and Silver up 2%...hope my copy/paste comes out legibly........

Start of a trend??



GOLD 08/03/2009 05:15 953.80 955.00

-0.70


-0.07%
Silver Charts SILVER 08/03/2009 05:15 14.20 14.25

+0.29


+2.08%

Platinum Charts

PLATINUM
08/03/2009 05:15 1207.00 1213.00

-2.00


-0.17%
Palladium Charts PALLADIUM 08/03/2009 05:07 260.00 265.00

-2.00


-0.76%
 
Re: SILVER


I've been seeing lots of reports that Silver has been heavily shorted buy the Big Banks around the world.

They say that you can short more Silver than you can Buy long Silver contracts.

Perhaps the Banks have stoped shorting Silver for a short while? Or are they now buying as much Silver as they can. Time will tell.

Rumours about China demanding the USA to pay T-Bill debt in Yuan instead of payment in USD is lurking about now.

Strange times to come yet
 
Re: SILVER

electronicmaster said:
I've been seeing lots of reports that Silver has been heavily shorted buy the Big Banks around the world.

They say that you can short more Silver than you can Buy long Silver contracts.
Click to expand...

FYI,

That is an astoundingly uninformed bit of drivel.
 
Re: SILVER

"That is an astoundingly uninformed bit of drivel"

So please shine your light ,TH. Give us reason to believe your statement.We await your wisdom. But eschew your attitude!

Cheers Ya'll
 
Re: SILVER

For every 1 futures contract opened short there MUST be someone on the other side long.

You cannot have 1 contract sold short with out exactly the same opposite position by someone else.
 
Re: SILVER

Thankyou..why didn't you write that in the first place?

I am here for many reasons..one is to sort the teachers from the technophiles...which are you?

Cheers Ya'll
 
Re: SILVER

Trembling Hand said:
Yes of course but it doesn't change the equation of,

# of contracts sold short = # of contracts bought long.
Click to expand...

But it may if the regulators move in as indicated.

Get that bit, 2 of the banks in the US alone hold most of the short contracts and if they had to deliver they could not, the amount of silver required does not exist
 
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