Bill Murphy, who forecast big, big moves in silver beginning in August told our friend Elijah of UnconventionalFinance Monday that silver is in the midst of a big move to $50-60, and stated ‘it won’t be long before we hit $100.‘
Murphy states that if the JP Morgan scandal breaks as he is expecting, ‘there is no telling what silver could do on the upside due to a short squeeze as JPM holds naked short positions 3 times the deliverable silver available on the COMEX!‘
MUST LISTEN!!
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One more sell off stating tomorrow or friday. Let JPM off the hook, in 2 or 3 weeks QE3 is announced then watch out.
PoppaT good comment. You never know what a caged dog will do until they are cornered.
We shall see what happens. Mr. Murphy is on it though.
Does anybody have a couple of mining stocks Mr Murphy may have been talking about or a list of your own you think will do well? Thanks in advanced
Bob Chapman, R.I.P. used to give that info away. I’m not sure who you could subscribe to for it now. Maybe the David Morgan letter.
Bob Chapman’s top pick was Agnico Eagle(AEM). He was also high on Silver Standard(SSRI) and Minefinders(MFN).
Hasn’t the Morgue had opportunities to liquidate their short positions in the past? Yet they keep taking on new shorts, correct? Perhaps they just want to play the game until the 11th hour?
Looking for wisdom: anyone?
I’m pretty much “all in” with physical silver and looking for the Morgue to implode to end the manipulation.
Also, I’ve got some MUX mining stock through TradeStation as broker, and the Morgue as the clearing member. I beleive Bill Murphy’s assessment that the miners are good for a ten bagger for those who hang on. So I would like to stay long MUX.
But, I’m afraid that if silver explodes, the Morgue may fail and my TradeStation funds would vaporize ala MF Global. On the other hand, I believe the Morgue is fully backstopped by the Fed with unlimited fiat, and can’t fail as long as fiat is functional.
How do I balance the pros and cons and settle this delema?
PS: @Jailer08. I only have MUX, McEwen Mining. Don’t know any other symbols but MUX looks pretty good to me. Got the idea from KWN.
In my mind royalty plays make the most sense after you have enougn real stuff. Take a look at SLW and FNV.
What was my guess? 150, give or take 5? Or was it 125?
Since the fellow I’ve worked for these past 8 or 9 years is making moves to ‘put me to pasture’ as the famine looms … that sort of jump (sans equivalent price hikes) would be propitious … to say the least.
Why not? Silver will sure go up to 100$ per ounce because the above ground silver is getting lower, it’s not at his historical ratio to gold, with paper silver manipulating the price, silver has a lot of uses and more! I’m happy that today, I can afford to buy precious metals very easily compare to the past.
JPM keeps adding shorts hoping they can keep things suppressed enough to keep making a profit. When it finally breaks they are not going to be able to even begin to cover and I hope the US government lets them sink. Enough of this bailing out banks that are gambling with peoples money. Be ready for some more smack downs because it is going to be the last few times for under $35 silver.
Sorry to disappoint your $100 hopes Murphy, Yeah you will get your $100 Silver, but not today, and definitely not tomorrow. JP Morgan smack-down Thursday – Friday Seo 13-14 Silver to ride the weekend at 29 Buy your silver end of week. Even M.Pento says I’m wrong… we’ll see
As someone that stacks irregardless of distractions from the lame stream media, I’m at a loss finding understanding on why people believe JPM will ever do a perp walk for the crimes they’ve committed. From my perspective, these JPM turds have been dipped in teflon and will never see charges AND silver will not explode as a result. Of course, these are the sentiments of a simple layman that’s just trying to protect what little I have. Any thoughts would be appreciated.
JPM and HSBC do not manipulate silver and gold prices to make a profit–it is much more profitable for ‘them’ to create fiat debt money out of nothing. They manipulate silver and gold prices to keep their fiat debt money system alive, so for them it is a matter of survival (because they profit exclusively from the use of fiat debt money). If silver and gold prices were allowed to reflect their true free-market values, people would notice something is wrong with the fiat debt paper money system, and confidence would wane very quickly. Therefore, their plan is to allow paper currencies to debase and devalue in a progressive manner, so that most people do not even notice or take action.
Does anyone realize the power of exponential growth? At the Fed’s supposed ‘ideal’ target of just 2% annual inflation, the price of a commodity would rise over 220% in just 40 years. Looked at another way, people’s purchasing power would be diminished by more than 220% if cash were held under the mattress (ie, earning zero interest) for 40 years. And real inflation has been running at a rate of much higher than 2%!