Silver is ON SALE

[NorwichGrad]

Bros,

I’m not telling anybody how to spend their hard-earned FIAT dollar that is on the brink of collapse. As of this typing, gold is $1200 an ounce; silver is $16 an ounce.

That is a ratio of 1:75. (1oz of gold @ $1200 divided by 1 oz of silver @ $16 = 75)

Historically, gold : silver ratio is / was between 1:12 and 1:20.

This means silver is UNDERVALUED right now.

Moreover, according to some geologist, silver may become extinct by 2020.. This is because silver not only has ‘bling’ factor like gold, silver also has many, many industrial uses ranging from cell phones to anti-microbe stuff.

Just wanted to share. Thanks for allowing me to waste your time reading my post.

[Mark1T]

Silver Spot Price as of right now is $15.96/oz. It has gradually fallen in the past two years, even though people have been buying it quite a bit. Might wait some time to see if there is a bottom.

[Plateauplower]

The trick is finding it for low premium over spot then not getting burnt selling below spot. AMPEX is always reasonably fair, but they are making money in both directions. I wish gold would dip to 900 or so.

[Bushmaster]

Moreover, according to some geologist, silver may become extinct by 2020..

That's just 4.5 years away... How is it still selling so low then? In the grand scheme of things, would that not drive the price up?

[Mark1T]

That's just 4.5 years away... How is it still selling so low then? In the grand scheme of things, would that not drive the price up?

Yes, and even with all the demand, prices are moving down. Don't only count geologists, because it is bought and sold on the open market, changing hands all the time.

Almost two years ago a friend wanted me to buy some and the price was $19/oz. He said the price should appreciate. Hmmm.

[Plateauplower]

Its a big conspiracy, see its dropping becuase "THEY" don't want you to buy it

In reality metals are nothing more than a way to preserve capitol if done right....Much better real money to be made in the stock market. As far as trading value etc etc, I can think of many items that would be more vaulable than a sliver bar.

However, if you look at the value of precious metals over time they hedge inflation. The amount of silver in a quarter was enough to buy a gallon of gas when the coins were made of 90% silver. The amount of silver in a pre 64 quarter is still worth about a gallon of gas in todays "money"...

[NorwichGrad]

IF the price drops lower I would stack even more!

Silver Spot Price as of right now is $15.96/oz. It has gradually fallen in the past two years, even though people have been buying it quite a bit. Might wait some time to see if there is a bottom.

[NorwichGrad]

The trick is finding it for low premium over spot then not getting burnt selling below spot. AMPEX is always reasonably fair, but they are making money in both directions. I wish gold would dip to 900 or so.

Thanks for the tip. I get line from JM Bullion.

[NorwichGrad]

That's just 4.5 years away... How is it still selling so low then? In the grand scheme of things, would that not drive the price up?

Thanks for asking! That is a great question that I asked myself..

My answer is I don’t know. To your point, if something were to go extinct, then there would be mass buying, right? And that is a great point for sure! I got into the precious metals (PM) thingy recently as a way to preserve what little ‘wealth’ I have for my family. (Notice I say ‘preserve’ and not invest.) So I will be honest and admit that I’m not as educated in PM as I am in weightlifting..

My opinion is because it has to do with price manipulation by the central banks (JP Morgan actually shorted the silver industry. This is a signal that they will make money if the price drops. Hence manipulation.)And also the fact that MSM is a powerful machine of disinformation and they always say “the dollar is strong and the economy is great”.. Also, it’s because the average American, as you know, are more concerned with the Kardashian than the $hitstorm that has been brewing that will lead to WWIII. If people don’t see the evidence of chaos RIGHT IN FRONT OF THEM, they will not see things little like silver being undervalued.

This is my opinion, and not based on some information I cut and pasted from ‘experts.’ For what it’s worth.

[Mark1T]

IF the price drops lower I would stack even more!

Agree.

[VoxExMachina]

That is a ratio of 1:75. (1oz of gold @ $1200 divided by 1 oz of silver @ $16 = 75)

Historically, gold : silver ratio is / was between 1:12 and 1:20.

This means silver is UNDERVALUED right now.

Or it could mean that Gold is OVERvalued.

Just sayin'....

[NorwichGrad]

Or it could mean that Gold is OVERvalued.

Just sayin'....

Absolutely! Another valid point.

I have a mentor and great friend in real life who is well versed on the subject. He worked as an investment banker in San Francisco before he moved to the East. Gold is a great way to ‘freeze’ wealth, to Plateau’s point.

In layman terms, my friend said that PMs are just ‘catching up’ to the dollar’s inflation. In other words, he said that PMs are usually the last valued commodities to catch up. Gold is more or less where it should be right now, relative to the buying power of the dollar. He also said that if you take away the speculative factor of PMs, an ounce of gold in 1913 (which was when the Federal Reserve was approved) will buy the same amount of goods back then as it would buy the same amount of goods in 2015.

The BRICS nations have been hoarding gold, as you probably know. There is even theories that Fort Knox no longer has gold. I don’t know if you are aware, but Germany claimed its gold a few years back. The Fed said “okay, but it will take many years for us to ship your gold.” You are a smart guy. This means the Fed does not have Germany’s gold.. There is also theory that the reason why the NSA was spying on Germany (this was not long ago) was because the US wanted to know if Germany was going to join BRICS..

[ljimd]

PM's are like any commodity. Know your market. Collecting can be fun.
Investing can get tough on the fingernails. Buy physical, stay away from paper.

[Plateauplower]

PM's are like any commodity. Know your market. Collecting can be fun.
Investing can get tough on the fingernails. Buy physical, stay away from paper.

It can be fun. I would never try the numismatic route, but melt value metals can be good when times are bad. They are pretty much always contrary to the stock market. Last downturn, silver could be sold at $26-28oz easily on Craigslist to the people thinking it was time to jump into precious metals ....

Gold was bouncing around $1800/oz. Stock market turns around due to free money to pump it back up, and boom metals drop. Nobody knows what the bottom of a market is. Dollar cost averaging into anything seems to be a good play, even when things seem cheap they could always get cheaper. I remember seeing something that if silver fell below $16 it could easily tumble to $12 which is the bottom IMO.

One thing to look at is what it costs the mining companies to get each oz of silver, they won't mine it/process it for a loss as many big producers are publicly traded companies. Most silver is a recovered "waste" of lead and copper mining/smelting. It does have many more industrial values than gold. That said I ordered a tube of the sunshine rounds on apmex (20 come in a plastic tube) they have free shipping right now. My kids like playing with "coins" .

[philipj]

I remember when gold was under $300@ oz andt he reporter saying it was an unexpected low, and would go lower. I told lady friend that it was time to back up the truck. When the price tripled+ and wise folks who had taken possession of the gold, and silver, sold for cash hand to hand, did better than any wall street wizards ever did.

[NorwichGrad]

BUMP.

As the old saying goes, 'follow the money.'



http://goldsilver.com/news/why-is-jp...er-in-history/


Makes me wonder why Lindsey Lohan takes front page of the news over this?

At any rate, back up the truck and load up..

[Lou1se]

The quote below is interesting on two fronts.

Firstly, it is predicting a short squeeze on Silver and a possible price rise.

The second thing is the name of the bloke who wrote it.
Is it a typo or did his parents just hate him??



Another Silver Short Squeeze Looms

Source - http://www.tfmetalsreport.com/blog/6...-squeeze-looms

By Turd Ferguson | Wednesday, April 15, 2015 at 12:09 pm

Back in March, Comex silver prices surged 13% in just 6 days as a massive Spec short position was squeezed. Could the same setup be appearing again, primed for squeezing later this month? It certainly appears that way.

Recall first the circumstances surrounding the squeeze last month. Conventional wisdom held that the FOMC meeting of March 17-18 was going to precede some sort of announcement of an imminent Fed Funds rate hike. In anticipation, momo-chasing Spec fund money came flowing into the short side of Comex silver.

In the three weeks between February 24 and March 17, Commitment of Traders data shows that the Large Spec GROSS short position in silver grew from 20,009 contracts to 37,238 contracts...an increase of over 86%...all while price was declining from a 2/26 intraday high of $16.62 to a 3/11 intraday low of $15.36. This massive buildup of Spec short positions left silver ripe for a "short squeeze" and, when the FOMC Fedlines of March 18 failed to include the anticipated rate hike language, it was off to the races.

Over the six trading sessions from March 18 through March 26, price rallied from $15.40 to $17.40, or roughly 13%, and over this same time period the Large Spec GROSS short position declined by nearly 15,000 contracts, back to near 22,000.

What has happened in the time since? Despite all of the lousy US macro data, including the awful employment data of two weeks ago, conventional wisdom has once again decided that rate hikes are imminent. To this end, silver has fallen back to near $16 and, with it, silver open interest and Spec shorting is rising once again. As of last evening, total Comex silver open interest now stands just 1,300 contracts below the all-time high of 179,123 set on March 18. Check this out:

DATE TOTAL OI CLOSING PRICE

Feb 27 160,392 $16.56

March 18 179,123 $15.54

April 2 168,308 $16.70

April 14 177,877 $16.16



To me the conclusion is quite clear. The risk in silver is NOT to the downside with a drop through $15.50. Instead, the risk is being taken by the Spec shorts. They are being set up once again for an epic squeeze. This move is not yet imminent and it may be timed instead for the next FOMC meeting in two weeks. This would coincide with May silver contract expiration and the mandatory Spec short-covering that would naturally occur anyway.

Therefore, could another squeeze and panic develop, similar in size and scope to March? Certainly. And could you profit from this move? Absolutely! Those willing to gamble in The Casino and confident enough to take a contrarian stand against the momo-and-headline chasing Specs, will very likely be richly rewarded. These profits can then be used to acquire additional physical metal to add to your stack in preparation for the eventual end of The Great Keynesian Experiment.

[Plateauplower]

The speculative buying and shorting confuses me to no end. I dont even think there is enough physical at COMEX to cover the positions...Im more of a buy physical and hold until people get all freaked out about the stock market crashing and sell for double....If you look at the historical charts metals are still overvalued comapared to early to mid centruy 2001-2006....I still pick up a little here and there when the premium is low enough, really turns out I'm getting it for free from profits when silver hit $30/oz. That website is pretty slanted though.

LOL at being named Turd Furgesson, that would suck.

[Bushmaster]

LOL at being named Turd Furgesson, that would suck.

Turd Ferguson was from a skit on Saturday Night Live.

http://www.hulu.com/watch/12203

Funny, but I'll hold off on his investment advice..

[waldopepper]

This means silver is UNDERVALUED right now,

I want to believe but as someone that has stacked lots (lots) because of all the hype I'm feeling pretty foolish right now. Wife is like "wtf did you do?" I'm hoping it will go up without a hard economy reset but I think the politicians are masters at not letting that happen. Well, maybe I will pass it on to my kids...

[crupiea]

According to Jimmy Carter we will run out of gasoline by the end of 1977.

I will wait and see what happens with silver.

[keyboardworkout]

I'm thinking silver is headed back to $6.

[HFWR]

...FIAT dollar that is on the brink of collapse

Currently, at least, the dollar is strong vs. other currencies, though it's off of it's recent highs.

[demike]

There is a PM thread in the misc if anyone wants to look in there, it has some links and guys talking about silver. I have posted in there a little.

I periodically buy silver and I am in it for the long haul over many years. I buy when I can and the plan is later in life I can sell it. A lot of my silver I have bought at a discounted price so that helps as well. It also helps me diversify financially.

I will most likely buy some at the current prices and if it goes down, buy some more, and hold on.

Also, I am sure everyone realizes this but say you buy 10 ounces at 20 dollars, thats 200 you spent. Then say prices drop to 15 dollars, and you buy 10 more ounces, so 150 more you spent. Average price per ounce over those two transactions would be 17.50 per ounce so for you to break even you just need silver to go back up to 17.50, not the 20 you originally bought some.

[JohnSmeton]

spent about 2250 in silver investments and now its worth like 1500. It has dropped since I bought it. Noone knows if itll go up sky high or stay down. I remember Robert Kiyosaki predicted it go up super high , I forget what he said, it was like a couple hundred an ounce.

The highest it went was like sixty or so an ounce in the past few years which is huge, and since dropped down to fifteen

[bradandblake]

Sell Yen, buy Gold.

That is all.

[JohnnyBurst]

Also, I am sure everyone realizes this but say you buy 10 ounces at 20 dollars, thats 200 you spent. Then say prices drop to 15 dollars, and you buy 10 more ounces, so 150 more you spent. Average price per ounce over those two transactions would be 17.50 per ounce so for you to break even you just need silver to go back up to 17.50, not the 20 you originally bought some.

The term for this is called Dollar Cost Averaging. Popular term which is why market makers and players spread out their buy's, not only to reduce their cost but to also limit their influence in the markets. One of my trading instructors ran a $600M ES futures fund and would throw hundreds of millions at the market to get an extra quarter or half point move. Not alot to most players, $12.50 for a 1/4 point move and $25 for a half point move. But multiply that by ten thousand contracts bought/sold and you can see where the profit is.

He recently built a private airfield for himself about 2hrs West of Austin.

Look at who's buying what and follow the big money. You won't get all the move, but you'll get plenty. And remember, Bull's make money. Bears make money. Pigs get slaughtered.

[demike]

Bartered for a couple 2015 silver eagles recently. They are in awesome condition, very nice, I am happy with the deal.

Probably buy some more soon.

[Corbi]

I'm thinking silver is headed back to $6.

This displeases Yukon Cornelius

[Lou1se]

I haven't invested in silver yet but reading this article makes me want to take a second look. Goldies have taken a thumping here. Low cost producers should do just fine.



The way the Aden sisters see Silver:
--------------------------------------------------

"Silver Is A Special Metal"

Tuesday May 26, 2015 13:00

It always has been. And on a value basis, it's also a good buy. Silver has been chugging more than gold but once it pops up, it could take off like a bandit.

There are many reasons why silver will go higher and it's just a matter of time. And as our dear friend Richard Russell points out, JP Morgan is aggressively accumulating physical silver by the hundreds of millions of ounces.

This is the largest accumulation of physical silver by a private entity in history!

Plus, it's three times the 100 million ounces acquired by the Hunt Brothers in 1980 or by Warren Buffet in 1998.

Some of you may remember when the Hunt Brothers tried to corner the silver market at the peak in 1980 when silver soared to the $50 level. It was a wild moment. And today is even more wild.

HEADED HIGHER

JP Morgan obviously thinks silver is going up, and we do too. We think your patience today will be well rewarded in a future rise.

Alan Greenspan also believes gold will be considerably higher in the years ahead. So it's not only central bankers who are looking ahead. Others are too.

Chart 1 shows silver close up since 2013. It has steps, like gold, as you can see. Keep an eye on these levels as they'll tell the story.



First of all, it's important for silver to continue holding above its seven month support at $15.40. If it then rises and stays above both its old 2013 support and 65 week moving average at $18.50 and $18.20, it'll start on a bullish path.

Silver could then jump up to the $22 -$24 levels, its next step. By then, it could clearly test the $30, which would be the following step.

The bottom line is, silver has great potential and it appears to be leading the other metals.

By Mary Anne & Pamela Aden
www.adenforecast.com