B o l i v i a

[4 ozMember]

Anyone else think this Bolivia business might just start silver zig-zagging
up?

 

Fully expect shock waves to hit from new margin requirements going into
effect for ALL commodities beginning early August. Can see Silver maybe
breaking down through support at $26. Could happen. Would be consistent
with TPTB to try and run Silver through the floor trying to create a perception
of it losing value and on it’s way to being practically worthless.

 

But, with more customer accounts getting ‘vaporized’ today at PFGBests
(Already being called MFGlobal 2.0) & JPM’s finger prints apparently all
over the crime screen, plus the likely re-emergence of the US debt ceiling
needing to be raised and potential down grades associated with that dog and pony
show, events just might be becoming favorable again for PM’s. Then
add Bolivia maybe nationalizing their Silver mines and look out! This may be a
September to remember as Silver busts algos to the up side for a change.

 

My short term plan—-Stack carefully through the rest of July. Be ready
for lower prices if they come in August, hope we don’t see the predictable rise
in premiums that seem likely to come. Then take a front row seat and watch as
Silver prices push through $50.

[2 OZ.Member]

Could very well be 4 oz. If they can drop the price below $26.00, it could easily dive to $20.00 for a floor. With that said, there’s an awful lot going on that looks bullish for silver. Talk about a whacked out state of affairs for the silver world. Sheesh! One thing to remember is, while the manipulation can continue, the need for silver will grow exponentially as industry will require more and more silver due to electronics in particular.  When they start mining trash dumps for silver, we will know our stacks are worth a mint.

[AGXIIKMember]

Very good points 2 OZ and 4OZ.  Somone on another site noted that the paper price and physical price will diverge.  But the silver shorts could get crushed when there is not enough silver when investors say ‘stand and delivery’  The next month or two will be interesting when nationalization and the paper markets collide.  If shortages take place in August it will not be for the reasons I noted.  The short trading and super low prices could be the driving force

[DalmationNationMember]

Sprott is the key. Sprott has the starters gun. Sprott is the big player
everyone, including the big money is watching.

[XizangMember]

Possession is 9/10ths of the law.  If you don’t have possession, you don’t really own it.

• This reply was modified 10 months, 2 weeks ago by  Xizang.

[4 ozMember]

Dang Dal–good call!

[DalmationNationMember]

Yeah, well buckle up—cuz  its blast off time!

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