*** $37 USD ***

Turk said:
Expect a big pulldown tonight and tomorrow night - probably back to around $36.50 or even back to good old $36 again!

Our old friend!

And are they feeling the pain? Watch tonight's action.
Click to expand...

$36.54 right now. Might lose a bit more in after hours trading tonight - to close out the week a bit under $37

JPM are walking a tightrope now.
 
Turk said:
Turk said:
Expect a big pulldown tonight and tomorrow night - probably back to around $36.50 or even back to good old $36 again!

Our old friend!

And are they feeling the pain? Watch tonight's action.
Click to expand...

$36.54 right now. Might lose a bit more in after hours trading tonight - to close out the week a bit under $37

JPM are walking a tightrope now.
Click to expand...

Anyone that believes a global corporation with over two trillion in assets is going to fall over on a physical call is definitely beating to a different reality drum. There are so many self interested individuals on Youtube promoting this failure folly. I'm sure the folk's at JPM think it's a huge joke.
 
silverfunk said:
Dynoman ahem to that.

Its like all the noobs who think that Silvers going to be worth more than gold.
Click to expand...

'Noob' you say?

Please lay out your reasons why I will never happen. Seriously, I would like to know your rationale.
 
This time last year Gold was US-1088, Silver- $16.60 gains of 32.2% AND-.....124% at todays prices. Best value for money? SILVER.
 
Would you consider Robert Kiyosaki a NOOB then ???

[youtube]http://www.youtube.com/watch?v=4rC0-gVl1dk[/youtube]
 
pete said:
This time last year Gold was US-1088, Silver- $16.60 gains of 32.2% AND-.....124% at todays prices. Best value for money? SILVER.
Click to expand...

Past performance should not be a measure of future returns ;) A cycles investor would be looking at the GSR below 40 at the moment and wondering just how much lower it will go.
 
Auspm said:
silverfunk said:
Dynoman ahem to that.

Its like all the noobs who think that Silvers going to be worth more than gold.
Click to expand...

'Noob' you say?

Please lay out your reasons why I will never happen. Seriously, I would like to know your rationale.
Click to expand...

Cbf outlining my reasons, ya just going to give me a war and peace rebuttal anyway :P

My rationale is as follows, if we ever go back to a metallic standard its going to be GOLD and not silver.

We wont ever go back to Bi metallic standard as its not going to work, suggest read some FOFOA on this and his ideas on FREE GOLD.

Sure silvers going to have a great run etc and we are all going to make some serious cash out of it but the end game is with gold and not silver.

Plus theirs so much silver out there, walk into any coin shop and more silver than gold, plus scrap, scraps everywhere, if the price runs up more we will see more scrap coming out to the refiners.

I am also not convinced about their being more silver than gold and silver is more rare, I dont buy this at all.

Visit any gold mine and you will see how much quartz they need to smash just to get some grams of gold.

Central banks afterall buy gold not silver.

I didnt see any of these recent dictators take off with the silver ?
 
I knew someone would bring this up Goldpelican... (hope your having a good day..) you are right of course but (have you noticed theres allways a - but - with me, frustrating my wife calls it ! ) i still think that % gap is quite impressive and most will and have agreed Gold is steady (safe- we all know its solid and does its thing ) Silver however is having its moment and as the year unfolds it will be interesting crunching all the numbers come December. My money is on Silver outperforming Gold... Literally.
 
silverfunk said:
southerncross said:
Would you consider Robert Kiyosaki a NOOB then ???

[youtube]http://www.youtube.com/watch?v=4rC0-gVl1dk[/youtube]
Click to expand...

Kiyosaki's a fraud.

I dont want a bar of that bloke.
Click to expand...

What about that blokes bars then ???
 
silverfunk said:
Plus theirs so much silver out there, walk into any coin shop and more silver than gold, plus scrap, scraps everywhere, if the price runs up more we will see more scrap coming out to the refiners.

I am also not convinced about their being more silver than gold and silver is more rare, I dont buy this at all.

Visit any gold mine and you will see how much quartz they need to smash just to get some grams of gold.

Central banks afterall buy gold not silver.

I didnt see any of these recent dictators take off with the silver ?
Click to expand...

95% of gold ever mined is still available as gold above ground.
Silver is becoming rarer due to it being consumed for industrial uses.
But the amounts used in each individual item is small, therefore not cost effective to recycle.

The prices are all about supply and demand, and the supply of silver available above ground is drying up fast.
Gold is just sitting in vaults and looking pretty on women. Its not going anywhere and has little practical use.
 
silverfunk said:
Central banks afterall buy gold not silver.
Click to expand...

For now. Years ago ANOTHER wrote that after hitting certain price, gold wont be traded.
Silver on the other hand will be, therefore I see bright future for silver in CB vaults.
 
Why dont central banks buy platinum ? It's worth more than and is scarcer than Gold . It is only a matter of time before Silver overtakes gold in value, might not be this decade or the next but it will happen, as others have pointed out Gold just gets dug up and stacked away .

One day it will be Gold that is the by product of Silver mining. In the words of some not so famous blonde Bimbo it wont happen overnight but it will happen...
 
Silver is a tough one. Hard to monetise in the 21st century because it is used up by industry. It is rare, like gold, but it is also useful in ways that gold is not.
 
Turk said:
Turk said:
Expect a big pulldown tonight and tomorrow night - probably back to around $36.50 or even back to good old $36 again!

Our old friend!

And are they feeling the pain? Watch tonight's action.
Click to expand...

$36.54 right now. Might lose a bit more in after hours trading tonight - to close out the week a bit under $37

JPM are walking a tightrope now.
Click to expand...

I think silver will close above $38.20 USD this week.
Too late for a pull down this week.
:)
 
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