Bob Chapman - $55-60 silver then explosion to $80+ next 2-3 weeks

[Nukz]

On this show (last Fridays show)...

http://libertyarchives.com/farlive/FS2_FRI.MP3


About 9.20min in bob describes a situation where the paper silver market is about to explode.

He expects a price range of $55-60 where a blow up of the paper market causing a default, partial default or fed buyout ($140billion), sending the price skyrocketing to 80+. Time frame? 2-3 weeks.

Strap yourselves in people its going to be a fun ride.

BTW, lets stay on topic this time.

(you can find 3 weekly shows with bob here) http://www.discountgoldandsilvertrading.net/Radio_Show.htm

A bit over 4 weeks later and we are really close to 60, let alone 80 lmfao!!!!
Classic!

I think the fundamentals are still there for a higher price in silver but im completly aggainst people like Bob ect who put a exact price prediction out that requires it to double in a short time. I'm still interested in seeing how much % of Bob's personal assets are invested in the metal and what his positions are on the metal long/short.

 

[bbobkins]

Well bob got this one wrong. He under estimated the people controlling the market. It wasn't to be this time, but one day soon we will see action like he described. Im still a buyer and have been both before and after this action.

Bob does not own any stocks because of disclosure laws. So I suspect almost all his money is in gold/silver.

 

[BigBen]

Well bob got this one wrong. He under estimated the people controlling the market. It wasn't to be this time, but one day soon we will see action like he described. Im still a buyer and have been both before and after this action.

Bob does not own any stocks because of disclosure laws. So I suspect almost all his money is in gold/silver.

Do you even realise how rediculous that statement is?
Thats like someone saying every single week that something will happen, and every single week they are wrong, they blame it on other factors, eventually just by chance it will happen.

Roll a dice and you will get a 6 sometime!!!!

The only thing Bob done is underestimated the power of the internet to record how wrong he was.
The price is all that is correct.

 

[mikedm]

I'm with Bob - the man took down three trouble-makers trying to attack his home through the front door. Calling silver is kid's play for him I'm sure.

 

[Cinvalo]

Personally i think Bob is logical. There are far too many crazy things going on. It is entirely logical for
expert to have such a call in price of silver of $80 or even higher anytime between last few weeks and 2015.

U.S. Rep. Barney Frank (D-Newton) says America might have to default on its bills for the first time ever because Democrats and Republicans can't agree to raise the government's $14.3 trillion debt ceiling.

The U.S. government officially hit its congressionally mandated debt ceiling on Monday(16-5-2011) when the nation's red ink reached $14.3 trillion.

The world is not in a gold standard but a paper standard,which is the root of the problems we have today. The connection between leaving the gold standard is a strong predictor of a country's severity of its depression as well as the length of time of its recovery.

It is surprising we are playing the exact same script of the Great Depression.

The October 1929 crash came during a period of declining real estate values in the United States (which peaked in 1925)...Sounds Familar to 2008

After a six-year run when the world saw the Dow Jones Industrial Average increase in value fivefold, prices peaked at 381.17 on September 3, 1929.The market then fell sharply for a month, losing 17% of its value on the initial leg down.

Prices then recovered more than half of the losses over the next week, only to turn back down immediately afterward. The decline then accelerated into the so-called "Black Thursday", October 24, 1929. A then-record number of 12.9 million shares were traded on that day.

For the entire month of October, the market lost 18% in value or almost $16 billion.

Original Source
http://en.wikipedia.org/wiki/Black_Tuesday
When the tide turns, there is usually no time to get out of stock and get into physical pm. What we should be doing now is a preparation process and learning from history.

If you are interested there are more good reading on the subjects
http://www.econ.ucla.edu/workingpapers/wp611.pdf

 

[grinners]

Original Source
http://en.wikipedia.org/wiki/Black_Tuesday
When the tide turns, there is usually no time to get out of stock and get into physical pm. What we should be doing now is a preparation process and learning from history.

If you are interested there are more good reading on the subjects
http://www.econ.ucla.edu/workingpapers/wp611.pdf

But won't during the collapse (if they default) things slow down and silver/gold fall in price (like 2008)?

 

[Yippe-Ki-Ya]

When John (Stella) puts up a video of what he is doing (he does not expect people to take it as advice) and he gets it right, he gets flamed like crazy. When Chapman makes a call and gets it so wrong as well as permabulls like max keiser people just say it's manipulation. Sheesh that my friends are the reason why the silver liberation army is full of weird extremist and not rich investors

Are you saying that the silver market was NOT manipulated down then?

All I am saying is that YOU or I don't know that if it was as there is no concrete proof. There are people that say they have met aliens without accompanying proof, what do you call them? Oh ya I know "a nut".

I'd have to say that there is already conclusive proof of manipulation in the market.
Where were you when the revelations by Andrew Maguire became common knowledge?
Or have you just not done you own reading on the matter and blindly believe the ignoramuses who proclaim "wheres the proof"?
They wouldnt know proof even if they fell over it!

 

[Yippe-Ki-Ya]

I really can't see the USDX heading to new all time lows from here until we see QE3 announced, that could be sometime away yet.

I think the opportunity for Silver to make a new high this year has passed. Even if the bottom is in (I suspect it's not) then we're probably going to be rangebound at best for awhile like after every similar spike we've seen in this bullmarket.

Sounds like you're effectively saying that the current silver price represents its fair price given all the fiat printed into existance up until this point and would require more fiat to be printed in order to push the silver price higher ...

is that about right?

I can't imagine that you are saying that markets always represent fair value and always trade on logic and "fair value". Market pricing is determined far more by sentiment in the short term so I don't think that hobo-jo's statement is saying what you're suggesting in the slightest - though maybe he will correct me on that.

I agree that sentiment plays a role over the short term, but long term the fundamentals will ultimately determine the price. All i'm saying is that Money Printing 3 is definately NOT required as a prerequisite for silver to go up heaps more. All the printing required has already happened ... a long time ago already

 

[Yippe-Ki-Ya]

Thus far investors still seem to have faith in bonds/stock markets although the USD is starting to get allot of media attention these days.

The poor barstads are gonna have new ones torn ... they just dont know it yet

 

[malachii]

I'd have to say that there is already conclusive proof of manipulation in the market.
Where were you when the revelations by Andrew Maguire became common knowledge?
Or have you just not done you own reading on the matter and blindly believe the ignoramuses who proclaim "wheres the proof"?
They wouldnt know proof even if they fell over it!

And if you read the revelations by Andrew Maguire NOWHERE does he state that there is a long term suppression - just short term, event specific manipulation. There is no comment about how anyone is trying to keep the price down long term. The manipulations are a short term drive down at "option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as the ad-hoc events." (Bill Murphy - GATA Chariman on Maguire's allegations to the Commodities Futures Trading Commission). This is to make very quick short term profits - not hold the price below some magical number.

I'd be very interested to see any reliable documented evidence of a longer term manipulation/conspiracy. Please show me this "conclusive proof of manipulation in the market" so I can "fall over it".

malachii

 

[hem9]

Are you saying that the silver market was NOT manipulated down then?

All I am saying is that YOU or I don't know that if it was as there is no concrete proof. There are people that say they have met aliens without accompanying proof, what do you call them? Oh ya I know "a nut".

I'd have to say that there is already conclusive proof of manipulation in the market.
Where were you when the revelations by Andrew Maguire became common knowledge?
Or have you just not done you own reading on the matter and blindly believe the ignoramuses who proclaim "wheres the proof"?
They wouldnt know proof even if they fell over it!

In any market there is a fair amount of a manipulation and I will give you in the silver market there is probably more than most. If silver has been manipulated for this long, the only question is when will silver ever be "free" from manipulation? How do you know that silver will ever reach its "true" value? To keep attributing every drop to manipulation and investing accordingly is a recipe to being broke.

 

[Cinvalo]

Original Source
http://en.wikipedia.org/wiki/Black_Tuesday
When the tide turns, there is usually no time to get out of stock and get into physical pm. What we should be doing now is a preparation process and learning from history.

If you are interested there are more good reading on the subjects
http://www.econ.ucla.edu/workingpapers/wp611.pdf

But won't during the collapse (if they default) things slow down and silver/gold fall in price (like 2008)?

On April 5, 1933, President Roosevelt issued an executive order forcing delivery (confiscation) of gold owned by private citizens to the government in exchange for compensation at the fixed price of $20.67/oz. And less than nine months later, he raised the gold price to $35, effectively diluting the dollar in every wallet 41% overnight and swindling everyone who had turned in his gold. Gold perform well in Depression environment.

Sorry when i was talking about stock, there are some sectors which perform exceptionally well during a depression environment.Mining Stocks. Please see chart below.

I have made a forum myself recently called Metal Stackers(Just started). (Very similar to Silver Stackers on the outlook ^^). However, unlike silver stackers which is very very good and i spend alot of time everyday learning from other members comments, Metal Stacker is more like a information site focus on two things. Economic and Metal Stacking. I think before we start to investing in commodity, shares or bond, understanding economic , history and cycles do gives us an advantage over the mass population.

http://cinvalo.com.au/pm/index.php

 

[Nukz]

Personally i think Bob is logical. There are far too many crazy things going on. It is entirely logical for
expert to have such a call in price of silver of $80 or even higher anytime between last few weeks and 2015.

It sounds like your describing gold to me, silver's reaction to collapse in the world or recession would be more of a collapse itself due to industrial use.

 

[Cinvalo]

Personally i think Bob is logical. There are far too many crazy things going on. It is entirely logical for
expert to have such a call in price of silver of $80 or even higher anytime between last few weeks and 2015.

It sounds like your describing gold to me, silver's reaction to collapse in the world or recession would be more of a collapse itself due to industrial use.

u maybe right to some extend. I am still trying to figure it out. It is so fun sometimes since many people have different point of view and base on what they learn, it can be correct to some extend.
I am studying the Great Depression back in 1930. Do you know which country avoid the Great Depression entirely?

China.

I think the reason behind that is China is on Silver Standard and the balance of trade is healthy for China. Other countries deficit spending to fund the war and government programs.
The point is that whether it is gold or silver, our money needed to be back by some hard assets, because hard asset can maintain a healthy economic growth, government will be more careful on their spending. Money without hard asset backing, will causes huge inflation, reckless spending, trade imbalance and huge wealth gaps in the long term.


Personally i think the elite will not use a gold-backed currency until the situation went out of control. Then they have to return back to Gold Standard.
Mathematically, a pure gold standard represents Total Current in the World/ Total ounce of gold in the world.

You will have to find out what that magic number is.


If you are skeptical about silver, i think u should own gold as a safe play. Personally i perfer silver more because i think silver is an next alternative to gold as a monetary asset when people want to protect their wealth.

 

[BBQ]

On this show (last Fridays show)...
He expects a price range of $55-60 where a blow up of the paper market causing a default, partial default or fed buyout ($140billion), sending the price skyrocketing to 80+. Time frame? 2-3 weeks.

Strap yourselves in people its going to be a fun ride.

Where in this audio file did he mention those prices? I have gone through it twice (!) and unless I missed it, I didn't hear him mention those prices.

 

[Ouch]

On this show (last Fridays show)...
He expects a price range of $55-60 where a blow up of the paper market causing a default, partial default or fed buyout ($140billion), sending the price skyrocketing to 80+. Time frame? 2-3 weeks.

Strap yourselves in people its going to be a fun ride.

Where in this audio file did he mention those prices? I have gone through it twice (!) and unless I missed it, I didn't hear him mention those prices.

You have to play the audio file backwards. Its a subliminal message!

 

[Silverthorn]

On this show (last Fridays show)...
He expects a price range of $55-60 where a blow up of the paper market causing a default, partial default or fed buyout ($140billion), sending the price skyrocketing to 80+. Time frame? 2-3 weeks.

Strap yourselves in people its going to be a fun ride.

Where in this audio file did he mention those prices? I have gone through it twice (!) and unless I missed it, I didn't hear him mention those prices.

Says Friday 17 June about 2.30 minutes in so the file is updated every week?

 

[BBQ]

Says Friday 17 June about 2.30 minutes in so the file is updated every week?

The audio file has been updated, you reckon?
I'm a bit confused 'cause in the first post of this thread, bbobkins mentions:
-------
About 9.20min in bob describes a situation where the paper silver market is about to explode.
-------

I listened to the link mp3 provided in the first post (difficult to stay awake)...and at about 9:20 he did start to talk about the paper silver market, so I assume I grabbed the right show from a file that hasn't been updated since this was posted.

http://www.discountgoldandsilvertrading.net/Radio_Show.htm
Here it says "If the program slated is from a prior date, this means that there was no live program recorded that day", so I assume that same show referenced is still up (in other words, I assume I am listening to the same Friday file - http://libertyarchives.com/farlive/FS2_FRI.MP3 )?

 

[mikedm]

Try this one mate

- mentions Australia at 5:00ish (Bob says if collapse of US/UK/Europe is a 10 Canada/Australia will be a 5 or 4).

- At 10:00ish onwards he says JPM will make their move at 55-60 dollar silver, he says $50 will be no resistance because the $50 mark was hit a long time ago and noone has been holding for all that time waiting to get back into silver. Evidently JPM made their move a lot sooner than that. ie <$50.

[youtube]http://www.youtube.com/watch?v=S1H3fxzfyYE[/youtube]

 

[Guest]

Bob's great.