It always has been. And on a value basis, it’s also a good buy.
Silver has been chugging more than gold but once it pops up, it
could take off like a bandit.
Posted by muslhead on 27th of May 2015 at 05:25 pm
Could fall like a brick too since no one knows the future.
Selling the PM story based upon COT, JPM and all the other nonsense
has been going on for years if not decades. Oh yah, i
forgot .. the store of value default response when the investment
is falling is always in the hip pocket of the gold bugs LOL
There are many reasons why silver will go
higher and it’s just a matter of time. And as our dear friend
Richard Russell points out, JP Morgan is aggressively accumulating
physical silver by the
hundreds of
millions of ounces.
This is the largest accumulation of physical silver
by a private
entity in history!
Plus, it’s
three times the
100 million ounces acquired by the Hunt Brothersin 1980 or
by Warren Buffett in 1998.
Some of you may remember when the Hunt Brothers tried to
corner the silver market at the peak in 1980 when silver soared to
the $50 level. It was a wild moment. And today is even more wild.
They may be long the metal on the front month but short the
longer month or through some paper.
THERE IS NO WAY ON THIS PLANET THEY WILL BE MAKING A MASSIVE
DIRECTIONAL TRADE BY THE COMPANY THIS THIS HISTORY, THIS RISK AND
RISK ALSO TO REPUTATION IF IT GOES WRONG.
This sort of info is circulated by the shorters to help create a
market from interested buyers IMO.
Posted by bulf6285 on 27th of May 2015 at 09:18 am
As a former 15 year member of the Comex, I recommend looking at
it this way: The historical high of silver was roughly $50, Gold
$800, WTI $14, etc. In the past decade, Gold more than doubled its
all time high, WTI 10x its former all time high, Silver kissed its
previous high and collapsed. Conspiracy theories aside, if Silver
was to make a significant run, it would have happened.
It doesn't need to produce income, it is a store of value and
always has been throughout history, until the bankers said they
would safeguard it for you and issue an IOU, the it all went pear
shaped.
For as we know they issued more IOU's than there was Bullion,
and eventually even leased out the bullion held in storage.
All a scam - A game of musical chairs, and when the music stops
only the one holding the goods collects the gains, ALL THE OTHERS
WILL REALISE THEY HAVE BEEN HAD!
see far fetched - things like all the gold in the vault has been
sold. or all the gold is really tungsten. Or all the gold is being
sold in the paper market to suppress the price and buy it cheap. Or
JPM are cornering the market (isn't that modern day manipulation?).
Or the whole banking system is about to collapse. Or, whatever..the
list goes on.
Every week there is another gold bug out there with another
fancy conspiracy. They probably stay at home at night looking at
the computer and reading about ufo's etc.
They are an angry bunch/crowd and probably lost a lot of their
wealth during bear markets - or elderly and don't understand the
point of the market is to entertain the population. Take Richard
Russell, perma bear.
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Silver is a special metal - Aden Sisters...
Posted by saturn6 on 27th of May 2015 at 04:36 am
It always has been. And on a value basis, it’s also a good buy. Silver has been chugging more than gold but once it pops up, it could take off like a bandit.
Link
Could fall like a brick
Posted by muslhead on 27th of May 2015 at 05:25 pm
Could fall like a brick too since no one knows the future. Selling the PM story based upon COT, JPM and all the other nonsense has been going on for years if not decades. Oh yah, i forgot .. the store of value default response when the investment is falling is always in the hip pocket of the gold bugs LOL
Same as it ever was
Its the only "bull market" to trend downwards! lol
Posted by torvix on 28th of May 2015 at 02:54 am
The COT money thinks otherwise....this is just a newsletter (free)
Posted by torvix on 27th of May 2015 at 05:04 am
Cot Money...
Posted by saturn6 on 27th of May 2015 at 08:50 am
Selling futures buying physical.
There are many reasons why silver will go higher and it’s just a matter of time. And as our dear friend Richard Russell points out, JP Morgan is aggressively accumulating physical silver by the hundreds of millions of ounces.
This is the largest accumulation of physical silver by a private entity in history!
Plus, it’s three times the 100 million ounces acquired by the Hunt Brothersin 1980 or by Warren Buffett in 1998.
Some of you may remember when the Hunt Brothers tried to corner the silver market at the peak in 1980 when silver soared to the $50 level. It was a wild moment. And today is even more wild.
NO - they will be runing a completely hedged book/balanced
Posted by torvix on 27th of May 2015 at 09:03 am
They may be long the metal on the front month but short the longer month or through some paper.
THERE IS NO WAY ON THIS PLANET THEY WILL BE MAKING A MASSIVE DIRECTIONAL TRADE BY THE COMPANY THIS THIS HISTORY, THIS RISK AND RISK ALSO TO REPUTATION IF IT GOES WRONG.
This sort of info is circulated by the shorters to help create a market from interested buyers IMO.
As a former 15 year
Posted by bulf6285 on 27th of May 2015 at 09:18 am
As a former 15 year member of the Comex, I recommend looking at it this way: The historical high of silver was roughly $50, Gold $800, WTI $14, etc. In the past decade, Gold more than doubled its all time high, WTI 10x its former all time high, Silver kissed its previous high and collapsed. Conspiracy theories aside, if Silver was to make a significant run, it would have happened.
Silver never even took out its' previous high before collapsing
Posted by torvix on 27th of May 2015 at 09:29 am
To me it looked like a speculative and orchestrated run not built on reality.
Gold and silver produce no income apart from leasing it out, I understand. But it is not for income.
I have said this before and will repeat again: gold and silver stocks are in the only bull market in history which is down trending!
COT's are BEARISH.
Income...
Posted by saturn6 on 27th of May 2015 at 09:45 am
It doesn't need to produce income, it is a store of value and always has been throughout history, until the bankers said they would safeguard it for you and issue an IOU, the it all went pear shaped.
For as we know they issued more IOU's than there was Bullion, and eventually even leased out the bullion held in storage.
All a scam - A game of musical chairs, and when the music stops only the one holding the goods collects the gains, ALL THE OTHERS WILL REALISE THEY HAVE BEEN HAD!
Gold bugs love conspiracy theories and some stories they tell
Posted by torvix on 28th of May 2015 at 03:27 am
see far fetched - things like all the gold in the vault has been sold. or all the gold is really tungsten. Or all the gold is being sold in the paper market to suppress the price and buy it cheap. Or JPM are cornering the market (isn't that modern day manipulation?). Or the whole banking system is about to collapse. Or, whatever..the list goes on.
Every week there is another gold bug out there with another fancy conspiracy. They probably stay at home at night looking at the computer and reading about ufo's etc.
They are an angry bunch/crowd and probably lost a lot of their wealth during bear markets - or elderly and don't understand the point of the market is to entertain the population. Take Richard Russell, perma bear.