Just putting it out there now, everything seems to be converging so my guess is that we will be heading for the $33 mark fairly soon, gonna say easy $30+ within 6 weeks (#1) Wealth Daily (August 8th 2012) "Silver Is About to Rocket Higher" At spot price of US$28.16 we are in Backwardation with the following prices on options - Oct 2012 = US$27.88 - Jan 2013 = US$27.97 - July 2013 = US$27.99 - Dec 2014 = US$27.85 - Dec 2015 = US$27.59 - July 2017 = US$27.19 (#2) http://www.youtube.com/watch?v=v7Vr5alUjWA jsnip4 on Youtube just relayed some interesting data from the US Mint saying for each 1 ounce Gold US Eagle sold the Mint now sells 191 ounces of Silver US Eagles (#3) The chart I put together in late January to predict Silvers moves based on past performance which I did for fun has actually been fairly accurate to date and is showing a move towards mid $30's soon I'll post chart again for anyone new, the Blue line shows the predicted Silver spot price If you don't think we are heading higher soon and may think we are heading lower then I'll offer to buy anyones 1 Kg bars that wants to sell to me $15 above dealers going buy price (less postage) Just send me a PM......
Of course, they move together but the volatility is different I picture Silver as Gold on Steroids (Bigger Ups and Bigger Downs) More Risk but More Reward I also picture Silver Stocks as Silver on Steroids (Bigger Ups and Bigger Downs) Even Greater Risk but Greater Rewards Gold will follow the same pattern but it won't gain as much in % terms on the way up but on the same hand it won't loose as much as Silver does in % terms on the downs so I consider Gold a good place to Park cash while Silver is the place to invest for the long run
I would not call it impressive, he is offering just above a DEALERS BUY price he could turn around the next day and sell it at that price and make money on the transaction. it would be impressive if he was offering to BUY at the DEALERS SELL price.
Only if it goes up enough to cover that spread, I did say it's an offer to someone who believes it's going down and is considering selling to a Dealer anyway, on multiple bars it could be the better option for someone. But who knows, nothing is to say it's not gonna bomb down to $15 tomorrow either. Not trying to rip anyone off, I think it's a reasonable offer above spot price to someone who really thinks it's going below $20, for me I think the next move is up and would like to load up a bit more now!
sorry if it came across I was not implying you were trying to rip people off dealers buy price is usally low enough to give them a margin on their sell price i.e. it is always under spot I also think the offer is pretty reasonble if you wanted to move a large bar quickly but I was highlighting the fact that buying something at a discounted price( to deaers RRp that is ) is hardly proof that the person believes it is going to rocket up.
No probs, I took no offense, (I hardly ever do, contradiction through communication is the fabric of truth). I would love to say nobody knows for sure what Silver will do tomorrow but I do believe it's manipulated myself so let say only a few know for sure what it's going to do tomorrow. I'm thinking up 10%-20% in 6 weeks and want to buy more now based purely on my belief, can assure you my offer is above spot looking at the local dealers spread. If others belief is that it's going down then my offer to buy stands, I long gave up trying to convince people of what I think is going to happen, present what I know and everyone can make up their own dam minds.
haha tozak you are quite right again. It's touching 29.5 within minutes. Let's see if it breaks 30 like a hot knife cutting butter.
