Silver price discussion and analysis

[Boyou]

Re: SILVER

Silver has moved up a tad.Might have something to do with this.Perhaps the shorters got spooked .The move up coincided almost exactly with the release of this anouncement

CFTC Issues Advisory On Compliance With Speculative Limits
By Sarah N. Lynch
Publié le 07 Mai 2010

WASHINGTON - (Dow Jones)- The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.

The warning was issued as an advisory note by the CFTC's Division of Market Oversight. A spokesman said the release of the advisory on Friday was not connected to Thursday's unusual market events.

The advisory sought to remind market players that "any trader whose position exceeds the applicable speculative position limit at any time during the day is in violation" of federal commodities law even if the trader reduces the position limit levels at the time the market closes.

 

[Boyou]

Re: SILVER

Hello..any silver bugs watching the action tonight?

Silver just went vertical at the open of the New York market..Up over 19.00

Hello ..Hello...

 

[Temjin]

Re: SILVER

Hello..any silver bugs watching the action tonight?

Silver just went vertical at the open of the New York market..Up over 19.00

Hello ..Hello...

Yes, yes, here I am. My avatar image is obvious enough. lol!

We are not as "loved" verse the gold bugs, and I like it that way. hehe

 

[skcots]

Re: SILVER

The answer is probably buried away somewhere in these forums but how do you guys invest in silver?

I am a long term investor and personally I prefer to keep physical bullion as I like shiny things but silver bullion is so expensive to buy and sell compared to gold. e.g. buy price is 9.5% higher then sell price where gold is only about 3.5% difference.

 

[explod]

Re: SILVER

Have a look through the "Gold/silver Bullion Investment" thread. A simple solution is to buy 1966 50cent coins, yes there is a 10% difference between buy and sell, if you p/m Ageo I am sure he can help.

Three 1966 50cent coins equal an ounce of silver, you should be able to buy for around $7.30 each today. I go to "I Wright, coin dealers in Lonsdale Stree, Melb. They have other centres interstate I think. Have purchased 1 kilo bars of silver from them too. Dealers have to hold purchases for 7 days before they can onsell so they are punting a bit in the short term also.

Bullion is for longer term holding in my view

 

[hobo-jo]

Re: SILVER

The answer is probably buried away somewhere in these forums but how do you guys invest in silver?
I am a long term investor and personally I prefer to keep physical bullion as I like shiny things but silver bullion is so expensive to buy and sell compared to gold. e.g. buy price is 9.5% higher then sell price where gold is only about 3.5% difference.

I do hold some physical, yes the spread is larger but generally you can get that back if you then onsell privately instead of back to the dealer.

Also check out Silver Stackers, a predominantly Australian based user forum which has a sale section, there has been some good deals come up recently including a bulk sale of Silver bars for around 2% over spot and even some Canadian Olympic coins selling for under spot!

Another option is too take a look at ASX listed Silver miners/exploration companies. As Silver mining is generally a byproduct of mining other materials there are only a few Silver specific companies to checkout:
SVL, CCU, CXC, AYN

Are the only specifically Silver companies I am aware of (I hold CCU & SVL).

There are some others that have exposure including: ARD, TRY & CQT to name a few (I hold TRY).

Goodluck!

 

[jorxster]

Re: SILVER

Theoretical question for you guys;

If the united states heads into an economic disaster, worse then 08, then what do you think will happen to silver? Looking at the historical charts- silver lost half of it's value in 2008. I guess due probably to it's value as an industrial metal?

On the other hand- in a major economic downtown, could silver be considered a "safe haven" like gold?

I've been studying silver for a while, but this is one question I haven't really seen answered.

 

[explod]

Re: SILVER

Theoretical question for you guys;



I've been studying silver for a while, but this is one question I haven't really seen answered.

Silver is my main bullion holding, but that's just me.

Have you read all the way through this thread? Do that and follow any links posted, particularly that of Robert Kyosaki for instance and I think you will find the answers you need.

 

[electronicmaster]

Re: SILVER

Theoretical question for you guys;

If the united states heads into an economic disaster, worse then 08, then what do you think will happen to silver? Looking at the historical charts- silver lost half of it's value in 2008. I guess due probably to it's value as an industrial metal?

On the other hand- in a major economic downtown, could silver be considered a "safe haven" like gold?

I've been studying silver for a while, but this is one question I haven't really seen answered.

Welcome to the new gold/silver standard in the making.

 

[jorxster]

Re: SILVER

Yeah, but that video talks about Gold, not silver. Despite what all the experts (kiyosaki) are saying, you look at the charts and gold has consistently been more bullish then silver. So it's becoming even more undervalued, *assuming* that it'll someday return to a "15-to-1" ratio.

However my fear is that siler doesn't hold attraction as a reserve the same way that gold does, and that in the case of economic uncertainties, it won't perform as well. What do you guys think?

 

[explod]

Re: SILVER

Yeah, but that video talks about Gold, not silver. Despite what all the experts (kiyosaki) are saying, you look at the charts and gold has consistently been more bullish then silver. So it's becoming even more undervalued, *assuming* that it'll someday return to a "15-to-1" ratio.

However my fear is that siler doesn't hold attraction as a reserve the same way that gold does, and that in the case of economic uncertainties, it won't perform as well. What do you guys think?

Each to his own, no one can advise on here. Silver is for me, but yes, and traditionally, gold is regarded as the safe play in uncertain times.

You just need to sift through all the reports and stories for yourself to come to a conclusion. Google up gold and silver and work your way through. The big one though is that it is historically about currencies, read the stories that include those considerations then measure some of the economic issues impacting on currency valuations and perhaps you may see some light.

good luck in your research

 

[Unnamed User]

Re: SILVER

What do you guys think?

Silver is for the conspiracy theorists, Gold is for the realists.

 

[explod]

Re: SILVER

Silver is for the conspiracy theorists, Gold is for the realists.

I guess you are tounge in cheek on this so will not bite.

For a good view on silver as money in the past see:-

http://www.bullionbullscanada.com/i...-silver&catid=49:silver-commentary&Itemid=130

 

[electronicmaster]

Re: SILVER

Yeah, but that video talks about Gold, not silver. Despite what all the experts (kiyosaki) are saying, you look at the charts and gold has consistently been more bullish then silver. So it's becoming even more undervalued, *assuming* that it'll someday return to a "15-to-1" ratio.

However my fear is that silver doesn't hold attraction as a reserve the same way that gold does, and that in the case of economic uncertainties, it won't perform as well. What do you guys think?

Kiyosaki? Kiyosaki is a successful Business owner and investor. He has a good adviser named Mike Maloney.




I also get my info from King World News

And I read daily reports from Silverprice.org

Here is some small quotes from this report:-

The Gold/Silver ratio, remember, is the price of gold divided by the price of silver, or how many ounces of silver are needed to buy one ounce of gold. Over the course of a precious metals bull market that ratio falls, meaning silver rises faster than gold over the life of the whole bull market, although not every day or even for long stretches. Today at 65.565 the ratio is about to fall through its 300 day moving average (65.37) and 50 DMA 965.29). It already stands below the 20 day moving average tripwire (66.9). The 200 DMA awaits at 64.03. Once the ratio breaks through that mark it will slide fast, as that roughly coincides with the bottom border of a triangle pattern. First target then will be 60.6784 (last low), and ultimately 47.5 for this rally.

Target for this move in silver is $29.00. I understand that sounds ridiculous, now, but won't sound ridiculous then.


Supply and Demand will help reduce SLV and GLD physical inventories as well. Then we will witness a default in booth Silver and Gold some how, or way. I'm sure they will cover that story up for a while.

In the mean time the media still hates Gold going up in price. They despise the fact that Gold is making new highs. Insisting that Gold is in a bubble.

That is (of course) BS. But thats how the Government and Bankers like the media to react.

Cash is trash, and the media is effectively hiding this fact from the average person to make people think cash is worth something. Nice game eh?



Keep stacking, go for the 1966 50 Cent peaces.

 

[electronicmaster]

Re: SILVER

Things are starting to heat up big time. Here is an article from Jesse's Café Américain

Silver Leaving the Comex As Investors Want to Get Physical

Dave from Denver reports that:

"On Friday 516,522 ounces of silver were withdrawn from the Comex from Brinks.

Yesterday another 1.6 million ounces were withdrawn from Brink's and HSBC. It all came from the "eligible" category, which is the investor silver being kept at the Comex. This means it wasn't the banks and SLV playing a "shell game" with their "fractional" silver holdings. This was real stuff leaving and going into real hands off-Comex.

This is a lot of silver leaving the Comex and at least the silver leaving HSBC is motivated investors taking physical delivery.

In the context of gold/silver holding up as well as it has so far this week (silver contract roll, options expiry Thurs, 2-day FOMC meeting), it would seem that the demand for actual physical delivery of gold/silver maybe starting to overwhelm the cartel."

 

[explod]

Re: SILVER

Things are starting to heat up big time. Yesterday another 1.6 million ounces were withdrawn from Brink's and HSBC. It all came from the "eligible" category, which is the investor silver being kept at the Comex. This means it wasn't the banks and SLV playing a "shell game" with their "fractional" silver holdings. This was real stuff leaving and going into real hands off-Comex.

This is a lot of silver leaving the Comex and at least the silver leaving HSBC is motivated investors taking physical delivery.

In the context of gold/silver holding up as well as it has so far this week (silver contract roll, options expiry Thurs, 2-day FOMC meeting), it would seem that the demand for actual physical delivery of gold/silver maybe starting to overwhelm the cartel."[/SIZE][/I]

Yes there could well be a big squeeze on soon and by the following article it may be huge when it spills over. Interesting times we live in.

http://www.bullionbullscanada.com/i...-market&catid=49:silver-commentary&Itemid=130

Or via the GATA web page which I acknowledge herewith.

 

[GumbyLearner]

Re: SILVER

Picked up a 2000 Perth Mint Sydney Olympics $5 Kookaburra coin for $2 still in display case & mint condition a couple of weeks ago.

Been offered $65 so far. NICE!

I think I'll keep it a while

 

[Boyou]

Re: SILVER

That's a good score,Gumby...especially so for $2.00.The latest Kooks are retailing for about $30.00.
A bit puzzled by the Olympic /Kookaburra description..no such animal to my knowledge....maybe it is a fake round?

Any chance of a photo?

 

[explod]

Re: SILVER

As spelt out earlier in this thread, it would appear that silver may be the sleeper in the precious metals domain. The following article is clear and brings together many of our previous assertions. I am a holder.

From the Kitco site

http://www.kitco.com/ind/Wilson/july062010.html

 

[sinner]

Re: SILVER

Does anyone know the premise of a bollinger band squeeze?

We look for a stock that has the lowest volatility over a 6-month period (using, for example, bollinger band width) and wait for a breakout using a simple technical indicator like Parabolic SAR or similar.

I run the weekly scan all the time, to see if there are any volatility breakouts which I wish to enter. Generally, at least in the last 2 years, most volatility breakouts have not been in stocks I was interested in entering longs.

This week changed that.

NYSE ticker CDE trades as a CDI on the ASX, under the ticker CXC. Volatility is definitely at a 6 month low. We smacked into the last weeks Parabolic SAR value, and the OBV indicator shows some hopeful signs of accumulation (correct me if I'm wrong).

CDE is a mostly silver play, with assets in the US and Americas in general. They had a mine in Broken Hill NSW but sold it I believe in 2009 and retained a non-operating stake. General interest to enter this stock as an almost pure silver+some gold producer play with no current exposure to the mining tax kerfuffle, low debt/equity, plenty of silver ounces in reserve for sale as well as strong silver and gold production numbers as well as increasing cash flow.

Am looking to accumulate in the $19-$20 per share region with some initial shares purchased yesterday.

As the recession becomes worse and worse, I am shifting more and more of my monthly savings allocation into relatively big stocks with a proven track record and high asset reserves/low debt levels. Am wary of holding lots of stock shares, but even more wary of remaining undiversified in such an uncertain time.