For those of you that haven't seen it already... Silver is on the front page of Your Trading Edge Magazine. http://www.ytemagazine.com/
here is an excerpt..... Emerging from gold's shadow, says David Morrison. Introduction Over the last few years gold has made headlines in the financial press regularly. Its recent strength has helped to keep gold in the news. After breaking above $1,000 per ounce for the first time in early 2008, gold fell back below $700 just six months later. Then, following another failed rally, it broke above $1,000 for a third time in September 2009 and hasn't looked back since. In contrast silver, by and large, has been ignored outside of a small band of enthusiasts. But silver's appeal is growing and its price has risen over 40 per cent in dollar terms since the start of the year. This leads some investors to believe that all the easy profits have been made already. When adjusted for inflation, both metals are still well below their record highs. In early 1980, gold hit $850 per ounce while silver traded just shy of $50. Both then fell dramatically. It took 28 years for gold to recapture and shoot past its previous peak, and it continues to make fresh records in nominal terms. Yet silver is currently trading 50 per cent below the high it made more than 30 years ago. When adjusted for inflation, silver appears to have even greater upside potential... http://www.ytemagazine.com/index.php/component/content/article/55-general/844-silver-
Not really! Its a pretty popular trading magazine in Australia and around the world. You can find it in most if not all magazine shops and newsagents.
How likely is it that a US Bond/Stock crash will have the same effect on silver as in 2008 - ie major downturn - or is silver separated now and in the realm of gold - ie safe haven?
I doubt we are entering the 3rd phase yet. I think Gold itself is only 20% of the bull market. Silver is nowhere near that unless some billionares like Carlos Slim and Warran Buffet buys up ALL the silver and this is another story. But we will get there in this decade conservatively speaking.
I doubt it. How many times has Gold been mentioned on TV, newspapers and magazines? This is one of Silvers very first times, we are still very early I think.
Hmm it could well be another feature of phase 3.... (extreme silver stacker denial that we are in phase 3, "cmon just a little more time") just sayin.
i dont know, phase 2 is supposed to be the longest. It does not seem to have been that long. this may be part of the wall of worry...we all worry that we dont have enough silver!!
Yes Cin, James Turk just did a big story about Carlos Slim buying into silver markets big time. kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/3_Is_the_Worlds_Richest_Man_Getting_Into_Silver.html
I think that the underpinning concept of phase 3 has not been reached yet. This is a trading magazine (only an assumption because of the title) thus this magazine only appeals to quite a niche d field of people. i feel that alot of mum and dad investors would not read this publication and as such has not really hit the mainstream market. The people that read this magazine probably know about silver and gold as investment/ store of wealth anyway, this article will only consolidate there knowledge on it and they might enter the market now. I feel when we start hearing david koch talk about silver or the barefoot investor, or they run an article on Today tonight then a current affair then hold on because thats when Mr and MRS Australian family will be entering the game which i believe is phase 3 "Mitch"
Does anyone know when property was first mentioned in this magazine in roughly the same way? I know it's going back into the dark depths of pre-history now, but someone might have an idea. It would be good for comparison purposes.
Correct me if I'm wrong but this is a trader's magazine and the focus is on short-term strategies and hence it is likely paper silver trading is discussed rather than stacking physical silver which requires a longer term perspective.
The report in the magazine is actually bullish for the paper traders (massive short) and bearish on the price of spot. They are just prolonging the status quo
oh sweet...if they are saying go massive short silver that is good. Cash up and buy the physical when they push it down..I might buy a copy of that mag and run against them.
I dont think that they will be saying to go short on silver, however the angle played will appeal to traders who are into paper contracts, so more money will be entering the silver paper market. I dont think that the message of the article is to buy and hold physical.
