Speculation in silver leads to note of caution

Discussion in 'Silver' started by goldpelican, Apr 15, 2011.

  1. goldpelican

    goldpelican Administrator Staff Member

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    It's subscriber only, but if anyone has a subscription, or access to a copy of the AFR, there's an article on silver warning that it's overpriced in relation to gold - quoting the GSR is at a 28 year low, and that there are concerns that "physical demand" won't support the speculative prices.

    Interesting to read mainstream opinion.
     
  2. Agauholic

    Agauholic New Member

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    ye ol' royal bank aye?
     
  3. thatguy

    thatguy Active Member

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    they're just getting my hopes up. I find i halirious that the first sign of silver in the MSM is bear. If they did not pick nor publish stories about the bull, that according to them is history why would any sane person expect them to pick the bear?
     
  4. hem9

    hem9 Active Member Silver Stacker

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    Well said. It's the people who did not see it coming trying to predict the what they never saw. Hillarious
     
  5. Bunker

    Bunker Member

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    Bah!

    Yet again ye hearken to the loathsome and mildewed speech of a measureless liar with tallow face and most putrefied core.

    Ye uncover the rancorous and pagan writings of a deluded villain who harbours a devilish spirit within his half-lunatic mind.

    Bah!

    What wisdom lies in this filthy-stocking'd stumbling-block to truth?

    Wouldst thou seek wisdom from the misshapen quill of this prating mountebank?

    Thou mightest also seek treasure in the recesses of a puke-stocking!

    Bah!

    What value lies in this crusty botch of nature? Does wisdom lightly abide within the rude unpolished mind of a young and foolish sapling? Or grace the pages of a villainous rascal whose lean-witted and peevish scribblings represent the very quintessence of dust and deformity!

    Truly the unnatural issue of this lying knave of no bowels deserve the gloom of an impenetrable darkness as their fitting resting place of eternal repose.

    BAH!
     
  6. hem9

    hem9 Active Member Silver Stacker

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    Uhhh yeah....... Whatever he said............
     
  7. Peter

    Peter Well-Known Member

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    So what's austpm done this time?
     
  8. Dynoman

    Dynoman Active Member

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    Forget price speculation, that's for the market manipulators. What we are actually concerned with is silvers value as a physical commodity. I believe industrial demand in China & India will continue to drive the price skyward it's a truly valuable finite resource once it's consumed it's gone forever. Kinda like saying oil prices will fall dramatically in the forseeable future. Shrite :)
     
  9. 6adam7

    6adam7 Member

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    I do wonder if a correction is coming, long term being a different matter. There are a continuing number of analysts warning of overheating, especially when you look at how far its moving from the 200MDA.

    Unless this is the super, super spike?...
     
  10. fishball

    fishball New Member Silver Stacker

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    I'm wondering as well about the correction...

    The thing is though, there's a serious backlog of silver orders from all the major players like PM, ABC etc. If the demand is > the current supply, market theory stipulates that the current price is below the market equilibrium?
     
  11. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Nice to know there is another Shakespeare fan here.
     
  12. zurnaik

    zurnaik Member

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    :lol: May I use this as a sig?
     
  13. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Talking their book? (Self interest)
     
  14. goldpelican

    goldpelican Administrator Staff Member

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    Meaning?
     
  15. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Is the AFR indepedent, or motivated by self interest in spruking to investors the benefits of corporate entities and their equities?

    Are they cherry picking reports of negative sentiment when silver is heating up, while ignoring all the good news stories while it moved from A$14 to A$40.
     
  16. 6adam7

    6adam7 Member

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    Yep!,

    But Im a new stacker, not rolling in fiat, I wanna stack whilst I can still get it relatively cheap...alas, the "cheap' days are fast leaving us....

    "Rolling in fiat"...what a foul, unhealthy proposition!, you'd catch something! But rolling in Ag,... ;)
     
  17. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I don't understand the concern with spot at $40.

    I started stacking last November and saw it go from $26 to $40 in 5 months, an increase of over 50%.

    Does anybody doubt it will not be $60 in September? Thats a 50% increase from today!

    I reckon it's worth keeping on, keeping on stacking.
     
  18. 6adam7

    6adam7 Member

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    Its more of a chart concern I think, as opposed to long term fundamentals. (correct me if Im wrong guys,..)

    Looking at the 200MDA, its WAY above it..


    check this,

    http://forums.silverstackers.com/topic-8035-food-for-thought.html

    I'm still educating myself and found this really interesting stuff...for me, being a relative noob, was good to keep me a bit grounded...its easy to think 'Yippeee' its going to the moon and never coming back, when, in reality....
     
  19. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Aust Fin Rev are just trying to throw a shadow over the ASX failing to break through 5000.... again :D
     
  20. goldpelican

    goldpelican Administrator Staff Member

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    Further articles today in the AFR on both gold and silver - suggesting there's a possible downside to the current run in silver prices, and that there's upside to the price of gold (and that it's not in a bubble).

    About 3 pages worth of coverage in total - fairly comprehensive for MSM!
     

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