$45 silver - getting faster between dollars now...

Image if it kept going like this till $400 :P

it would seem like another Hunt bros bubble but would be an interesting ride
 
I'll just clean up the popcorn in here while the party moves on the Stedlar's "USD $46' thread...

http://forums.silverstackers.com/topic-8426-46-usd.html

910_cleaningup.jpg


Hum dee dee....
 
fishball said:
THUCYDIDES79 said:
Buy oversold USD and wait and than sell for silver in the future.

that is a double loser imo.

The USD Bear is larger than SILVER Bull.
So buying the $ to later buy silver with it is just wrong.

you are buying a strong Bear and postponing purchases of a medium strong Bull.
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The USD is just going downhill from Bernanke's miserable 'policies'. They have basically printed out billions of dollars with not enough Gold backing and pretty much the value of their fiat is by faith only.

Even S&P are thinking of reevaluating the rating of USD. News of that sent USD tumbling down fm 1.04 to 1.07 and probably more.

IF and when they do remove USD from AAA, imagine what happens when all the funds/firms who have to hold a certain % of AAA in their portfolio sell the USD for something AAA like AUD? Massive supply of USD on the market and massive demand for AUD (or other AAA stuff). Excess supply and no demand for USD = fun times.

The amount of Gold which the US holds is: 8,133.5 tonnes; approx value at 1,500 /ozt = $378,207,750,000

http://en.wikipedia.org/wiki/Official_gold_reserves

It really won't support Bernanke's massive printing spree imo. He has printed trillions and only has around 400 billion worth in Gold.

Edit: WOW I just read wikipedia about this guy.... @ http://en.wikipedia.org/wiki/Ben_Bernanke

In 2002, following coverage of concerns about deflation in the business news, Bernanke gave a speech about the topic.[51] In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. He said "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost."
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Emphasis mines. Do you still trust your USD?
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Have a look at Ben Bernanke's religion.

Surprise Surprise!

The Elites that hold very high positions in Government and Corporations within the USA are from the same background.

Tied to the Rothschilds and the like.

Close net and currupt society.
 
Note: AUD silver has just passed $45.

AUD is sitting at 1.0724 USD

USD index is at 74.134 and oil is $112.58 USD
 
Im not totally convinced we are seeing a near term collapse of the US dollar and economy, I know about the printing press, massive debt, etc, etc... but look at the interventions/manipulations that held up the Japanese from free falling after the tsumani. Im sure they will do something similar with the US if confidence erodes too much (excluding QEIII). Sure, it won't necessarily change the US's situation, but will definetly extend the timeframe.. give the can another kick so to speak.
 
Just bumping up this thread for $45 silver again...

What!! It's back up to $46 again?

I'm too late! Quick - Run to the $46 thread!
 
man there is far too much testosterone in some of these posts.

Let me ask you, is the correctness in your decision based just upon the movement in prices over a few low volume days in silver.

What happens if silver crashed in the short term to $20.

Unless we are trading very short term to make some extract pocket money, focus on the bigger cycle.
 
jnkmbx said:
The Merchant said:
man there is far too much testosterone in some of these posts.
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Well you gotta have the bulls to be in this market. ;)
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i mean this in a nice way, but balls have nothing to do with it. They can shrivel very quickly.
Whats needed in my opinion are just two things
(a) a clear personal reason for being in PM. Is it a trading opportunity or a long term investing/wealth sustaining opportunity.
(b) conviction of opinons.

trust me at some point all PM holders are going to be tested as to their convictions (and i'm not talking historical here). This is just the way the markets work.
 
LovingtheSilver said:
Im not totally convinced we are seeing a near term collapse of the US dollar and economy, I know about the printing press, massive debt, etc, etc... but look at the interventions/manipulations that held up the Japanese from free falling after the tsumani. Im sure they will do something similar with the US if confidence erodes too much (excluding QEIII). Sure, it won't necessarily change the US's situation, but will definitely extend the timeframe.. give the can another kick so to speak.
Click to expand...
ch

I tend to agree.

Yes, hyperinflation would cause a collapse in the US dollar.
But, I don't believe the US is heading for hyperinflation, instead they (and much of the world) is heading for stagflation.
Stagflation will only "gradually" devalue the US dollar and other currencies and yes it will cause inflation, but it usually caps inflation at around 15/20% max.
Eventually inflation will lower the value of the US dollar to the point where their exports become so cheap, that exporting US goods starts to become attractive again.
This will stimulate the manufacturing sector, and the US economic cycle will start over.

Stagflation:
- Usually results from Excessive Debt / Money Printing.
- Money is pumped into the system, but not directly to consumers.
- Gradual inflation up to 15/20% MAX.
- No or little change in wages.
- Huge unemployment.
- Increases division between rich and the poor.
- Is very hard to stop!

So why are we not headed from Hyperinflation...

From: Hyperinflation - What It Takes To Get There http://www.rense.com/general91/hypp.htm

I'm not optimistic about where this country is heading (the US), but to properly confront what's coming it's very important to understand the real risks facing us and not get misled by hype. I'm getting increasingly irritated by conservative pundits claiming that hyperinflation is imminent, and just around the corner. It is not, and here's why: simply put we don't have the automatic, direct injection structures in place for government to deliver those ever-increasing quantities of money directly into the hands of consumers, as they did in the Weimar Republic in Germany. That doesn't mean it can't still happen, but the process currently in place works more slowly.
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Yes I agree we are in for some significant US / World inflation which is bullish for Silver / Gold. And yes the USD may no longer be the reserve currency in 1 or 2 years..
But I doubt we will see a collapse of the dollar or spiralling inflation of 50% or more, unless Governments start creating massive stimulus packages where they put money directly into the hands of consumers.

Thats my 2 cents.. :)
 
the stagflation perspective is valid and it is what I am basing my own theories as well. The process of USD devaluation and stage 2 of the silver bull market will be longer than expected...However I think that stagflation will result in with a total collapse, not recovery, so this assumption:

Eventually inflation will lower the value of the US dollar to the point where their exports become so cheap, that exporting US goods starts to become attractive again.
This will stimulate the manufacturing sector, and the US economic cycle will start over.
Click to expand...

is incorrect in my opinion...US goods becoming attractive again, USD allowing for an increased volume of exports etc will not be a remedy to trillions of rolling debts in interest only, I predict the money printing to continue over the next 5 years, China will be the world's largest economy in 2016 and the US will pop then, stagflation is what Bernanke is counting on, they dont realise the fact that stagflation will cause an even uglier ending, it is only transforming the upcoming booomm to booooooooooooommmmmmmmmmm...
 
Skyblues said:
the stagflation perspective is valid and it is what I am basing my own theories as well. The process of USD devaluation and stage 2 of the silver bull market will be longer than expected...However I think that stagflation will result in with a total collapse, not recovery, so this assumption:

Eventually inflation will lower the value of the US dollar to the point where their exports become so cheap, that exporting US goods starts to become attractive again.
This will stimulate the manufacturing sector, and the US economic cycle will start over.
Click to expand...

is incorrect in my opinion...US goods becoming attractive again, USD allowing for an increased volume of exports etc will not be a remedy to trillions of rolling debts in interest only, I predict the money printing to continue over the next 5 years, China will be the world's largest economy in 2016 and the US will pop then, stagflation is what Bernanke is counting on, they dont realise the fact that stagflation will cause an even uglier ending, it is only transforming the upcoming booomm to booooooooooooommmmmmmmmmm...
Click to expand...

Yea. You definately could be on to something there. :)
If stagflation goes on too long, it makes bad matters worse, and could well prevent the US from getting out of the shit all-together.
There is no doubt that the US is going to be in horrible shape over the next 10 to 20 years, thats for sure!.
 
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