Yippe-Ki-Ya
New Member
hobo-jo said:
What makes you think so? Surely not the abundance of physical silver there for the taking...
Turd predicts ...
- Thread starter rbaggio
- Start date
What makes you think so? Surely not the abundance of physical silver there for the taking...
Yippe-Ki-Ya said:
Let me guess... you weren't buying silver back in 2008, were you?
The same crap was being peddled back then. Silver went on a big run and all of a sudden everyone wanted to go all in. The price shot through $20 US in March 2008 and premiums were going through the roof because the people supplying investment silver products couldn't keep up with demand. Physical silver was impossible to get a hold of.
By December the price was down below $9 US. Of course then you had a hard time finding silver because all the long-term stackers wanted in!
The exact same thing is playing out today. When silver was doing nothing, just hovering around $20, nobody wanted it. Then the price took off and all of a sudden everyone piled in and the people producing investment products couldn't keep up with demand. There is no physical shortage of silver - any of the big dealers will be able to supply you with 100kg+ right now, you'll just have to wait for it.
If you're a long term stacker your only rule should be buy the dips. There was absolutely no reason to be buying in the $40s, it was just people buying on emotion and greed.
G
Guest
Guest
hobo-jo said:
Will QE2 end tho ? or just roll over to QE3 ? The U.S is due to reach it's debt ceiling Tuesday our time and has until August to decide what happens before default . Will Ben Banky just let all his hard work slide and throw his hands in the air ?
Yippe-Ki-Ya
New Member
oasis said:
Hindsight is a wonderful tool with which to pick the "dips" aint it?
silverfunk
Active Member
Yippe-Ki-Ya said:
lol calling me a moron?
pot calling the kettle black.
so we are all morons because we arent permabulls / silver cheerleaders like you?
i am glad we have you on these forums you do keep most of us entertained.
Yippe-Ki-Ya
New Member
silverfunk said:
I'm far from a permabull, but i am capable of seeing that we're in the midst of a PMs bull market where both gold and silver are still way undervalued compared to other asset classes. i guess if you're incapable of seeing that - well if the shoe fits wear it
silverfunk
Active Member
I agree with you, yes we are in a bull market.
Ag will go up, it will go down and it will go sideways...this is what happens in bull markets and this is what is happening now. (my opinion)
What annoys me though is that those that are cautious on here and do not cheer lead or are perma bullish are often ostracized for their opinion and called bears or almost "silver traitors"
Their seems to be this whole religion/fanaticism associated with silver and its becoming quite annoying.
Ag will go up, it will go down and it will go sideways...this is what happens in bull markets and this is what is happening now. (my opinion)
What annoys me though is that those that are cautious on here and do not cheer lead or are perma bullish are often ostracized for their opinion and called bears or almost "silver traitors"
Their seems to be this whole religion/fanaticism associated with silver and its becoming quite annoying.
* i am a permabull *
Yippe-Ki-Ya
New Member
silverfunk said:
I see your point, but i still think you're becoming annoyed very prematurely.
there will come a time - some years from now - when it will be apparent that PMs have reached their maximum value relative to other asset classes, and will eventually begin to lose value to other asset classes.
at that point in time i would also become annoyed at people who claim that PMs are still the best investment class possible.
now however you're very premature in your annoyance.
Ilikemetals
Member
hobo-jo said:
How will they pay the bills if they don't go straight into QE3?
This link is how i see it : http://www.younggunstrading.com/2011/04/qe3-will-happen.html - "QE3 Will happen"
Yippe-Ki-Ya
New Member
oasis said:
No why should i be? do you think anybody here is psychic perhaps that they could pick future dips with any consistant accuracy?
hobo-jo said:
I don't believe they can play that game for very long. I believe Bill Gross has stated that the Fed is buying 70% of the new issues. That would mean funding 70-100bb USD each month. Maturing treasuries would not help as the reinvestment of those funds would be net neutral. So only the principal and interest received from the junk dumped upon the Fed by the banks will help fund the deficit. The Fed probably has enough already matured and maturing junk to last 2-4 months, but then QE3 must happen or things start falling apart. 2012 is a presidential election year.
If QE3 is not going to happen soon, why are they so desperate to raise the debt ceiling?
Turd's latest call from here -> http://tfmetalsreport.blogspot.com/2011/05/interesting-week-ahead.html
Ultimately, this post is concerned with what we can expect for the next six weeks as we head toward first notice day for the July11 contract, so here's what I anticipate:
1) Silver continues to base this week between $33 and $35.
2) By Friday but no later than next Wednesday, silver will be chugging higher.
3) Applying a 26.23% gain to a low of $33 or $34 gives us a price target of $42-43 by 6/29/11, the first notice day of the July11 contract.
For those keeping score at home, two weeks ago I was expecting silver to only correct to about 45, not 35. I then expected a 40+% rally toward $65, not a 26% rally to $43. The severity of this correction has forced me to alter these forecasts but the pattern remains.
Therefore, I will look to be a buyer this week if/when silver retreats again to the area between 33 and 34. I will probably be buying July $40 calls. I may even sell some 43s or 45s against them to create a spread. I'll let you know. The main thing and the point of this exercise is to illustrate for you that the savage beating silver has taken over the past two weeks was brutal but not unexpected. Pattern and timing now strongly suggest that silver will once again swing higher very soon. Be patient but have faith. Opportunity again awaits just over the horizon.
Ultimately, this post is concerned with what we can expect for the next six weeks as we head toward first notice day for the July11 contract, so here's what I anticipate:
1) Silver continues to base this week between $33 and $35.
2) By Friday but no later than next Wednesday, silver will be chugging higher.
3) Applying a 26.23% gain to a low of $33 or $34 gives us a price target of $42-43 by 6/29/11, the first notice day of the July11 contract.
For those keeping score at home, two weeks ago I was expecting silver to only correct to about 45, not 35. I then expected a 40+% rally toward $65, not a 26% rally to $43. The severity of this correction has forced me to alter these forecasts but the pattern remains.
Therefore, I will look to be a buyer this week if/when silver retreats again to the area between 33 and 34. I will probably be buying July $40 calls. I may even sell some 43s or 45s against them to create a spread. I'll let you know. The main thing and the point of this exercise is to illustrate for you that the savage beating silver has taken over the past two weeks was brutal but not unexpected. Pattern and timing now strongly suggest that silver will once again swing higher very soon. Be patient but have faith. Opportunity again awaits just over the horizon.