Silver price discussion and analysis

[bean]

Re: SILVER

Silver is a long term investment, market is thin so can have wild trades, It may be hit again, but one day gold to silver ratio will be 16 to 1 at least and more likely 8 to 1. or less. And remember all the gold ever mined in the world still exists silver most is gone. So if one believes what gold bulls say gold will get to then look at those ratio's and imagine the price of silver.
Buy silver bullion and hold don't worry with swings.

 

[bean]

Re: SILVER

Keep reminding people that SILVER does exist, or does it?
A gold bug should always have Silver as an option.
There must be some Silver bugs out there.
When will US$15.00 oz be passed??

 

[chops_a_must]

Re: SILVER

A gold bug should always have Silver as an option.
There must be some Silver bugs out there.

I much prefer the look of silver to gold for some reason.
Seriously considering buying physical silver if there is a correction.

Like you said, silver reserves are being depleted faster than gold. And a lot of new high tec developments seem to consume a lot of silver, so long term the conclusion seems obvious to me.

 

[rederob]

Re: SILVER

Silver is poised to hit $15 again in months to come.
The 5-year chart shows strong consolidation, with support firmly pegged at $12:

 

[explod]

Re: SILVER

I have been accumulating silver for a couple of years from $8 per ounce. It is about 15% of my investment portfolio and gold 25%. Perth Mint probably the safest place to buy in the world though I prefer to store it myself. I buy from A.J. Matthey who have a branch in most AU capitals. Have been a follower of Robert Kiyosaki's investment ideas (author of Rich Dad Poor Dad et al.) who recently stated that silver at any price below $20 an ounce is a bargain. Kiyosaki's forcasts from years back have been spot on. A Jason Hommel who publishes "The Silver Stock Report" (Google it) is very bullish and gives a lot of information and threads to others. In my own view as currencies, particularly the US dollar, depreciate, and they will soon due to massive debt, it may be realistic to see gold hit 10 times its current value and if we look at the ratio of the last jump to silver in 1980 silver will rise exponentially higher.

My humble opinion only and resemblances to fact may be coincidental

 

[Sean K]

Re: SILVER

it may be realistic to see gold hit 10 times its current value.....My humble opinion only and resemblances to fact may be coincidental

Hooley dooley!!! As in $6700 an oz? I'd like to see that!

 

[rederob]

Re: SILVER

Hooley dooley!!! As in $6700 an oz? I'd like to see that!

It's a bit conservative.
POG will hit the DOW number when its in full flight, based on its historical precedent.
So POG at $10k and silver over $100 is only as far fetched as the next recession.

 

[bean]

Re: SILVER

POS will in the next few years get tio a ratio of Gold of 16 to 1 or 8 to 1 now for the bulls on Gold we have all heard many values given as to what gole will reach from US$2,000 to US$10,000
The only thing is a small hicup coming next week and the week after.
I hold physical silver and hold it through up and downs but hold no shares (gold or silver) at the moment. I am waiting.

But TED BUTLER I think is the best to read. Jason Hommel a bit overboard with his predictions and tends to get on after what may have been said by others.

But I have about five people in at work who also now have physical siver and it is mainly from what Ted Butler or Jim Pupavla(Financial sence) have said.

 

[bean]

Re: SILVER

Because of my posts on the price of gold being bearish well why not involve Silver. Why because Silver will be the best metal peformer for this decade.
When to buy not now but soon. I cannot give a bottom because one should take each day as it comes. Apart from MMN and maybe CQT I would like to know of any other silver producers (or close could mine other metals but silver must be at least 50% of there mining) and no hedging but be up and running within 18 months. Silver will drop soon but I would like to pick up bargains. So I would like to research your selections within the next wek or to before silver makes a bottom.

 

[rederob]

Re: SILVER

Because of my posts on the price of gold being bearish well why not involve Silver. Why because Silver will be the best metal peformer for this decade.
When to buy not now but soon. I cannot give a bottom because one should take each day as it comes. Apart from MMN and maybe CQT I would like to know of any other silver producers (or close could mine other metals but silver must be at least 50% of there mining) and no hedging but be up and running within 18 months. Silver will drop soon but I would like to pick up bargains. So I would like to research your selections within the next wek or to before silver makes a bottom.

bean
Silver was at a good buying price yesterday.
I believe this run will take it over $14, $15 and up to $17..
With the usual bumps!
Look at OZ companies with South American production to do your research.

 

[nizar]

Re: SILVER

It's a bit conservative.
POG will hit the DOW number when its in full flight, based on its historical precedent.
So POG at $10k and silver over $100 is only as far fetched as the next recession.

And that will put the DOW at..... ?

 

[rederob]

Re: SILVER

And that will put the DOW at..... ?

nizar
Can't you do the maths?

 

[Freeballinginawetsuit]

Re: SILVER

Would have to agree that Silver is one to watch near term. Chart wise its in a clear uptrend with a near term spike not out of the question.

Fundamentally silver is clearly a tight commodity with reserves diminishing and supply constrained, forward wise .

 

[x2rider]

Re: SILVER

Instead of going hardout on the silver as a straight buy ,why don't you just do a spread trade.
You might sell gold to the value of say 50k and buy silver to the value of 50k. Whether the price of gold drops and silver does as well is of no consequence it is the ratio between them that you are playing.
The ratio at the moment is around 50.75. If this ratio drops say 49.75 then you are in the money regardless of what the two commodities are doing.
Some reckon that because of the shortage of silver, because most is unrecoverable, this ratio will continue to fall and could get down to under 20.
Just an easy way to get some exposure to silver and get a little protection as well.
That said if you are bullish on gold to silver then trade the other way.

Cool .
Martin

 

[rederob]

Re: SILVER

If one follows commodities, and does not watch Lars' take on trends, one is not getting a good take on high probability plays:

 

[rederob]

Re: SILVER

I should add that gold and silver tread a similar path, although silver's percentage change is likely to be stronger than gold's in the present environment.
Lars' above October high for silver sees over 50% upside possible.
That would place gold over $1000 before year's end.
I think a target in the lower $800s is more probable - in other words we should be looking in the 20% range instead while oil prices are being contained.

 

[constable]

Re: SILVER

I should add that gold and silver tread a similar path, although silver's percentage change is likely to be stronger than gold's in the present environment.
Lars' above October high for silver sees over 50% upside possible.
That would place gold over $1000 before year's end.
I think a target in the lower $800s is more probable - in other words we should be looking in the 20% range instead while oil prices are being contained.

Might help to explain why mmn is looking bullish!

 

[rederob]

Re: SILVER

Borrowed the below chart; like the idea of the cycles shown: We are due for a strong cycle north, and soon.....

 

[bean]

Re: SILVER

Interesting reading for Silver investors
and if you invest in silver and don't read what Ted Butler says each week well why invest in silver?
http://http://www.investmentrarities.com/05-22-07.html

http://http://www.investmentrarities.com/05-29-07.html

Is silver going higher? my shares did not today

 

[eagleou]

Re: Gold Price - Where is it heading?

Dear All,

I am new here and I want to consult a question:

How can I invest in silver(except physical) in Aussie?

Many thanks.

PS: I am remember the price did reach US$540 since last March. Personally, I thing the bottom might be around US$600.