silver

btw, this person wanted 100 ounces but wanted them in 10 oz bars and not a 100 ounce bar which i also have and was trying to unload.  anyone have an opinion why he prefered the 10 oz bars over the 100 oz bar?  just curious.

easier to liquidate...

I disagree 100% that Gold will outperform Silver. Do not let the 120% increase in Silver fool you, imo this is not the time to exit, rather the time to buy more on weakness.  Silver will continue to outperform Gold, but I would be buying some Gold with your silver.

My figures tell me that we can see Silver at $80 by end of next year.

Look back at how Silver traded in the 80's. Listen to the news of how many banks were being charged with Silver manipulation. Silver is on the path of value correction. IMO silver should be trading at 1/20 of Gold prices which at current prices silver should be $75/oz.

If they are any Canadians how want to liquidate their silver holdings, I will but it from them at market prices (saves me any fees) :)

Silver on BIG move the past 3 days, busting through a major resistance.   I will be buying more on dips.  I highly recommend especially Americans with savings to diversify with silver & gold (more silver).  It's a perfect anti-inflation play that looks highly probably in the US.

 

Hey guys sorry i am a newbie to this but i have some money from online poker that i want to invest with.  I have been reading up on trading/investing in the last 5 days and seems like something i would really like to enhance my skills in.  As far as buying silver on the markets, do u guys buy it under XAGUSD or is it different dependant on what country u buy it from?  sorry if this doesnt make sense  but i see xag used with different country currencies.  thx

Whatever you buy, make sure you get the actual metal delivered to your home or wherever. Don't buy the paper saying you own it. Just my two cents.

Best advice of this entire thread. I have been on the silver bandwagon since 09 and I am pissed I didn't get more in it.

US is facing major inflation coming up and this will hlep off set how bad it could get. I put most of my money in 90% coins and 40% US coins. I have some bars and a little gold but I will be adding more gold to my portfolio soon. Good luck guys and hold on we are riding a major bull right now.

I buy my coins directly from the VBCE. I have been loading up on silver since Dec 2010 and since then have made over 30% in tax-free earnings.

As FT said do not buy the paper! Buy the actual physical metals (I buy only .9999 maples) and store them somewhere safe. This way you don't need to worry if they are shorting metals or not. (Which they obviously have been for YEARS).

Don't expect to make a million dollars on this anytime soon but if you are smart about it you will have an investment that will grow at 20%+ annually for at least the next few years. Not to mention have something to fight inflation with and continue to grow your net savings. 

I recommend only Canadian Maples, Australian krruugerands, and Chinese Pandas. Although fake chinese silver has been popping up all over the place recently with the spike in metal prices. Do your research on how to tell if your silver is real or not (very simple tests). Dont fall for buying coins on ebay or other sites where the price is way Under "spot", if something is too good to be true, it usually is.

BOL All!  

[Quote: Originally Posted by FrozenTundra] I disagree 100% that Gold will outperform Silver. Do not let the 120% increase in Silver fool you, imo this is not the time to exit, rather the time to buy more on weakness.  Silver will continue to outperform Gold, but I would be buying some Gold with your silver.

My figures tell me that we can see Silver at $80 by end of next year.

Look back at how Silver traded in the 80's. Listen to the news of how many banks were being charged with Silver manipulation. Silver is on the path of value correction. IMO silver should be trading at 1/20 of Gold prices which at current prices silver should be $75/oz.

If they are any Canadians how want to liquidate their silver holdings, I will but it from them at market prices (saves me any fees) :)


[/Quote Take a look at hoe the natural gas /oil correlation turned out.

Anyone thinking of buying silver or gold, do not, more margin hikes are coming. Silver should hit $32/oz, buy then, imo.

This is what I'm doing.  This is why Dollar Cost Averaging is the key to buying.

I think there has been 5 margin hikes in the past 10days lol, bastards.

Ugh...

Ok FT good advice I was thinking about loading up again on $35oz but I will wait for Monday to let the extreme volatility die down again.

I really don't believe Silver can drop below $30/oz right now so 30-32 range should damn well be the bottom. There is just nothing to justify a price drop of this magnitude already. Just simply more examples of the constant manipulation in the commodities markets. I hope the way back UP goes just as fast again when the financial numbers start to come out again next week.

BOL all!

 

agreed bandit. I just bought some now at $35, but half the normal amount I usually buy (I think it's because I'm a degenerate). lol.

This is profit taking and margin hikes, there is no reason that it's dropping like this...and if you noticed, when the asian markets open, both silver and gold are up, so they are buying big.

thanks for the advice, i was thinking of buying some but ill hold out.. 

sold a few longs in Feb from way back.  gonna let this hot cake settle down.   i know all the margin stuff and JPM needs it down much more just going to watch for a bit.  i'd like to see it form a nice base maybe cruising along the 200 DMA and the long term uptrend line and then I would take a real hard look at diving in with more. 

margin or not this has been some very substantial distribution we have seen in the last week or so.  risk on?  risk off?  seems like it changes every day!

$34.36 right now in canadian $. i think ill wait till it drops to $32, hopefully..

just buy it and forget about it. thankfully for me i got in along time ago. silver physical, slw stock, agq stock and palladium physical  

      

Silver went up 8% last week-time to get back in-inflation is a time bomb that may go when our govt has been printing way more money that it takes in..where's the best  place to buy at close to spot?

Silver imo will stay within this range for a while as it creates it's best and capital shifts. Place I buy in Canada is here. I would suggest calling them and see what the price for shipping would be or ask where in the US they would recommend. 

They are the best place I have found in Canada to buy silver & gold.

Thanks, brother. Found the ETF SLX and bought 100 shares at 36.50 today-I think it's heading back to 50.00 and more eventually-too much crazy stuff going on-house of cards...

i am out of SLV completely now.  had some remaining from way back but out now.  still holding some GLD but cutting the cord with weakness.  i have to say i am extremely impressed with the relative strength shown by gold vis a vis silver recently.  this tells me something as investors are still seeking some type of solid currency.  can i go "all in" with gold priced only in Swiss Francs or Aussie Dollars?

chart on SLV just got clobbered with distribution and i can see it getting to the 200 DMA at 29ish.  i would rather sell and cash all in this vicinity as i have and buy back even if at higher prices with a higher probability of success.  sold some in February but out now.

we could see a deflationary move before what might be hyperinflation if the only solution is to destroy the dollar.  with no QE3 and Europe cascading this whole trade of "the dollar will go to zero" might not be so "easy" as some have thought.  everything is relative. 

i think we see 1800 Au and 50 Ag by christmas, and that would make silver a better buy then gold as that would gap the ratio between the two back down to 36:1

I think we see some more downward pressure on the markets for another couple weeks, however by end of Q2 i intend to trade most of my cash for silver

silver is still up 100% over the past 12 mos., and anyone thinking that the gov won't continue to print to cover obligations, isn't paying attention.  And if you are in the PM trade for those reasons, that Ag/Au price is merely a feedback mechanism for counterfeiting of currency, then you should understand that there's only one direction for price to move

Silver about to break $40 again

Looking to see Silver & Gold to get pushed back if they cross $40 & 1600.  Will be adding silver at $38, but for sure adding even if it doesn't.

If QE3 is approved (which it will be), they will fly.  Target is Gold 1700, Silver 50 by September.

World economies are in shambles....just remember PIIGS - Portugal, Ireland, Italy, Greece & Spain) ...all on the verge of collapses.

FrozenTundra, I have read a lot of speculation that silver could potentially reach $100 an oz. by 2013.  I agree about the pushback at $40 as there will be some profit taking.