STACKERS!! Will silver KEEP GOING DOWN?! >> Could we see $20/oz??

silverfunk said:
tozak do you have any link regarding the liberty dollar silver being used to cover bear stearns short position?

first i have heard of this.

not doubting your info but would like to see some links etc.
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It's "unconfirmed", I read it myself several times between 2007-2009 but I have not found any articles with factual information to support the claim. On the same token I have not found any information as to where the confiscate bullion would have gone instead?, I mean it should have been held in some sort of escrow or evidence room while the disputed owners (the holders of the Liberty Dollar Silver Certificates) finished their class action to recover their metal. To me the gossip at the time that it covered Bear Sterns shorts seems more plausible else (where is the metal now?)
 
wrcmad said:
Earthjade said:
Because while most people here say they're in it for the wealth preservation, they secretly have the heart of a speculator.
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+1 :D

Why is there such a stigma about this?
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If I wanted wealth preservation in the truest sense, I'd get more gold.

Silver is wealth preservation for me, because instead of having cash that could quite easily be spent on something useless (eg: new tech!), it's in metals instead.
 
tozak said:
A few months back I charted a prediction for Silver to 2016 based on a combination of the recent repeated moves and pull-backs as well as the run up in the late 70's, so far shown in blue it has been tracking along fairly close to the prediction. Just putting it out there for anyone interested, I would not trade to it, it's just guess work but I found it interesting to watch how close it has been to tracking the real spot price.

http://forums.silverstackers.com/uploads/1666_silver2016.jpg
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Me thinks that someone saw your post and decided to use the end result to dictate prices, I was just on Bullion Bourse and they had a 10oz bar for $2,829...
 
Earthjade said:
Tozak, the only problem I have with a comparison to the 1970s is that when silver hit its peak in 1980, it was due in large part to the Hunt Brothers trying to corner the market. Now, that is not a cyclical factor.
Of course we have an impending US debt crisis to come, but I think it's too difficult to extrapolate the trend going parabolic, even though that is what we are all hoping.
Because while most people here say they're in it for the wealth preservation, they secretly have the heart of a speculator.
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I think that a big difference this time is that the "corner" is not being established by one group but rather hundreds of thousands of stackers world wide. As I see it it results in 2 interesting effects:
1) It will probably result in a slower take off as there are no massive single purchases to signal the market that there is a buy up in progress. (But if a single large purchase happened, and there was trouble in filling it... the price would explode). [edit: I was mixing tenses... :P]
2) It is almost impossible to break that many people (at least in one go), even harder if they have not gone into debit to stack. This may result in a more rounded "top", or leveling off period, as it would take a while for silver to hit the market once stackers decided to sell... and we all have our own prices that we consider ok to sell at.

At least that's the way I see it playing out.
 
The Greece debacle just started.
The phase where people finally realised there may actually be a genu-wine default.
I expect stocks to soon take another king hit and commodities to follow.

Oh well, at least petrol is a little cheaper today...
 
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Enjoy the ride!!
 
I thought it was because everyone looked at Facebook and said flashback.com it's time to buy gold.
 
Hi all,

Been reading and following this topic recently.
Would like to jump into the silver bandwagon sometime in the near future.

Just needed some opinions, what are the better options to buying silver.
My initial thoughts, to trade through ETrade and buy Silver ETF.
This would be more of a shorter term like 2-3 years.

Cheers!
 
AQ said:
Hi all,

Been reading and following this topic recently.
Would like to jump into the silver bandwagon sometime in the near future.

Just needed some opinions, what are the better options to buying silver.
My initial thoughts, to trade through ETrade and buy Silver ETF.
This would be more of a shorter term like 2-3 years.

Cheers!
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If you can't hold it you do not own it. Even the experts like Gerald Celente get burned (MFGlobal). I'm not saying you shouldn't ETF, but just be aware there are risks in everything you do. Do your self a favour and go physical :)
 
AQ said:
Hi all,

Been reading and following this topic recently.
Would like to jump into the silver bandwagon sometime in the near future.

Just needed some opinions, what are the better options to buying silver.
My initial thoughts, to trade through ETrade and buy Silver ETF.
This would be more of a shorter term like 2-3 years.

Cheers!
Click to expand...

Seriously you want Physical, 2-3 years is not short term at the speed things are happening now. The spread for Physical Silver can be traded in a single day on the big moves so 2-3 years, then you WANT Physical. ETF's are not worth the paper they are written on, read the ETF prospectuses they admit they have to pay for storage costs etc. and most do this by selling or leasing the Physical Silver so even if it does start off as 100% backed (Most aren't anyway they hold "Silver Like Assets") then it can't stay that way anyway unless there is something dodgy going on to fund the administration/storage/insurance/compliance etc. etc.

Next real big shortage / price spike in Silver I expect a lot of ETFs to go under.

Listen to "thatguy" it's true, if you can't hold it then frankly you've got Sh!t

Hope this helps !
 
Wanna say a big thanks to both thatguy and tozak.
Just saw the youtube video of Gerald Celente talking about his 6 figures of $$$ wiped out by MF Global. And he really called them 'MF'.

Guess should start looking into Silver Coins as the next possible option.

Cheers All!
 
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