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Silver price discussion and analysis

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Re: SILVER

The following article outlines what I was informed of a few years back and is why I loaded up and very bullish on silver. The further we go the more my the early advice I was given seems to be correct.

Try to take the possibilities in with an open mind.

Found via the GATA website

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

And silver continues to test the 30 year high for a break. Could be soon
 
Re: SILVER

I have difficulty buying silver for two reasons:
1 - The price is crazy volatile, one day its dropped a dollar, the next day its suddenly leaped a dollar.
2 - The graph looks exponential, which typically indicates a bubble situation. Gold on the other hand (in USD), for instance, looks fairly linear over the recent years (although it is still damn difficult to time the market in the short-term). What I don't see is why the price of silver is going up so much so quickly. Is there a sudden industrial demand or supply contraction I am not aware of?
Cheers
 
Re: SILVER

It has just been a touch held back, now it is catch up time. You also really need to research the supply demand fundamentals, basically it is supply inelastic and to some degree demand inelastic. Add to that the fact that it is a monetary metal with a big variable in investment demand and you have an interesting cocktail given what is going on in the world.

If you think this is volatile just you wait and see what this gal can do when she really gets going.

2011 is going to be a good year for silver...!
 
Re: SILVER


He he. Buy it when it drops a dollar then sell when it jumps up a dollar.

Seriously, silver is in a strong uptrend. There are a lot of reasons for this and a simple Google study coud have you on the way.

Like gold it is regarded as a haven against currency devaluation. As they are continuing to print more money out of thin air then that dilution will devalue paper money more each day and the p/m's will continue to rise.

In past times silver was at a ratio of about 25 to 1 gold. Today it is about 50 to 1. If you read the article I gave the link to above (earlier today) the silver price in my view has been depressed. They are still trying to cap it hence the extreme volatility. It is in my view going to break up strongly soon.

The only way for me is to buy physical silver and take it in the hand. You need to do your own research and I'd be interested in how you progress, feel free to ask further questions as you go along.
 
Re: SILVER

15:1 was the fixed ratio at one time, when the US was on a metal standard.

It is one of the few things, along with gold, that buying 'falling knives' (with some degree of skill applied) will not get you taken out on a stretcher. You need the stomach for it, but once you 'get it' you learn to love silver.
 
Re: SILVER

explod said:
He he. Buy it when it drops a dollar then sell when it jumps up a dollar.
Click to expand...
Well if only it were so easy to guess which one it was going to do next .
But again, my issue is with the shape of its price graph - it appears to have shot up real exponential-like. Yes, this may be driven by QE etc etc, but other commodities (like gold) haven't shot up to the same extent...
 
Re: SILVER

Silver will not fall while gold rises.

It is a small market, it will move far and fast both ways. Watch gold and trade silver but if it concerns you stay the heck away... it will be volatile, more so, not less from here.

I love this girl, but you have to understand her. I would encourage you to do the research, if you go into it superficially you will probably get toasted, if you get your head around this market it can be very rewarding.

oh yeah... ETPMAG, it is crazy illiquid IMO... don't go there
 
Re: SILVER

I went into ABC bullion Co. in Melbourne today and they got a big note saying 3 week wait for any silver orders. They told me they are completly out of silver and almost completly relying on people selling it back to them but that has almost stopped.

interesting.
 
Re: SILVER


And so it begins

Go Silver
 
Re: SILVER


Perth Mint: "Bullion Trading is Now Closed"
However, coins are still available, of course trading at about 15% mark-up.

But check out this Canadian site:
http://www.store.firstmajestic.com/product_details.aspx?id=5
And the good thing about them is, they limit sales to 300oz/month and customer, thus ensuring it's a true retail sale. It seems when you import it into Australia it's free of GST and import duty as well.
May be worth giving them a try.
 
Re: SILVER


That is interesting. I have been waiting for Canadian maple leafs to come back in stock for a couple of months and it occurred to me the other night that is probably because there is no supply.

Looks like BullionMark has no 10oz or 1kg perth mint bars either
 
Re: SILVER


Demand to RCM for their maples (I believe US Mint has run out of eagles again?) is expected to be 50% higher than last year

http://www.bloomberg.com/news/2010-...may-surge-50-as-demand-rises-canada-says.html
 
Re: SILVER

The US Mint stops making ASE's toward the end of the year so they run out every year.... it is a predictable event.
 
Bullion Trading is now closed...

Also a predicable event...


The dealers I talk to in the US have no supply issues with the majority of small product at the moment... premiums are still reasonable, a good indication of product supply.
 
Re: SILVER

Mr Z said:
The US Mint stops making ASE's toward the end of the year so they run out every year.... it is a predictable event.
Click to expand...

The event I am referring to is in June this year:


I just checked the mint website, they went back on sale 19th Nov.
 
Re: SILVER

Ah... OK.

Its just that we hear the same at the end of every year.

They didn't seem lose much in sales around June to November?!

Look at the ASE program over the last few years, the sales are an interesting reflection of the small guys investment interest in silver.

http://usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2010

Believe it or not they simply run out of the blanks (wrong word) to stamp the coins. Perth Mint supply the gold ones (why??!!), don't know about the silver.

I'm not a coin guy but my US friends are nuts for them.
 
Re: SILVER

A solid Monday in prospect for us.

As I write this morning the US market is still open, but the $USD index has backed off, gold has gone above 1400 and silver above 29.
 
Re: SILVER

Not much change in AUD, it was more about the USDX rolling over. USD cost base miners will do well Monday but the locals will probably still lag.
 
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