B writes:
Doc-Since I last communicated with you I did increase my phyzz to 12,000 oz up from 10,000 oz. I am a believer or I would not be in the phyzz as much as I am but after a while you must start questioning what has happened over the last 40 years. Silver was at $50 over 40 years ago!
It then went almost to nothing and sat there for 30 years! Then a fire was lit when we started having problems- It jumped to $49 not even breaching the old high set 30 or more years earlier, and was then pounded back to $26. Everyone is ecstatic about the recent move to $33.
Don’t shoot me but big deal! After QE1 AND QE2 AND OPERATION TWIST AND EUROPE GOING DOWN THE TOILET HERE WE ARE AT $33! WE’RE SITTING $17 CHEAPER THAN SILVER WAS OVER 40 YEARS AGO!
YOU ALL SAY IF THEY KEEP PRINTING SILVER WILL KEEP GOING UP, WELL THEY PRINTED AND PRINTED AND ECONOMIES COLLAPSED AND EUROPE HAS FALLEN AND HERE WE ARE AT $33! WHAT WILL THE BIG CHANGE BE? I HAVE READ AND LISTENED TO EVERYTHING I CAN READ AND LISTEN TO FOR ABOUT A YEAR NOW. I HAVE HEARD IT ALL BUT WE ARE AT $33.
I KNOW I WILL GET KILLED WHEN THIS IS PUBLISHED AS I HAVE BEEN MADE FUN OF BEFORE FOR SOME OF MY QUESTIONS BUT THAT’S OK- I’M A BIG BOY AND CAN TAKE A LITTLE HEAT. BUT THE QUESTION REMAINS THAT SILVER SHOULD BE WAY UP NOW AND ISN’T. YOU SAY IT WAS MANIPULATED BUT THIS TIME THE BULLS CAN BEAT BACK THE CARTELS. WELL, THEY HAVEN’T YET. THEY ARE STILL BEATING US. MAYBE THEY WILL ALWAYS BEAT US. WHY IS THIS TIME SO DIFFERENT?
B,
I think with Thursday’s Fed announcement it is now clear why things are different now. The money printing will continue to infinity because there is no other option. The cartel is conducting a managed retreat in gold and silver. They have been ever since 1999. After 15 months of consolidation and correction for gold and silver, it is time for another managed retreat by the cartel.
Gold and silver will make new all-time nominal highs before this move is completed. I expect gold to clear $2,000 and silver to challenge $75 over the next 18 months.
It is true that silver traded above $50 over 30 years ago, and has yet to even equal that level in nominal terms, much less real, inflation adjusted value. Please realize however that silver traded above $50 in the 1980′s for a span of about a minute, and this was the very peak of it’s entire bull run. It’s not like silver traded in a range near $50 for any length of time during the last bull market. We are nowhere near the end of this current bull run in silver. The fact that silver is still $16 off it’s all-time nominal highs, and more like $350 off it’s real inflation adjusted all-time highs indicates that silver is still a screaming buy, and that the current bull run is nowhere near it’s final parabolic ascent.
Perhaps an examination of silver’s long term exponential uptrend channel constructed by our friend IVARS from TFMetalsreport will help:
Regarding the chart IVARS describes silver’s logarithmic technicals:
Before the 2008 liquidity crunch , silver was trading from the middle to upper limit of this channel , in line with increasing USA debt.
After the 2008 crash and QE1 , silver clung to the lower limit of the channel ( nevertheless its exponential, just re-calibrated -from a lower starting point)
After QE2 in 2010, it took a super-exponential move to the upper limit again, culminating in April 2011.
The following correction dragged it down to thelower limit again, but it managed to reverse before QE3 ( just a month before).
What next? Again, as minimum, it should move along the lower limit, so exponentially up. If so, the increase may be rather slow, reaching $35 by the end of 2012, but no big crashes. So for those who stacked or went long in the $40′s and still have averages close to $40 and remain underwater-in most adverse conditions for silver imaginable ( but not realistic )- You should be level by the end of 2013, and after that be happy.
Personally, I suspect it might move to the middle of the channel as a support again, so end of 2012 =~$49 . People are more cautious now then in 2010 as they still remember 2011 April crash and LONG correction afterwards. After 2012, for some time at least, any super-exponential move to the upper limit of this channel will correct back to middle of the channel as it did prior to 2008. Which means corrections after 2012 all will find their bottom >$40.
B, your 12,000 ounces is an excellent stack and I am confident that you will be more than pleased with your decision looking back just a few years from now, just like those who purchased near $8 in 2008 should be more than pleased with their decision.
If you plan on adding to your stack further please consider utilizing SD Bullion for your purchases. Our goal is to provide our readers with the opportunity to acquire physical gold and silver bullion at prices as close to wholesale as possible, as well as providing some revenue to support SilverDoctors’ operations.
Keep up the good fight, remember the hardest part about enduring an entire bull market is not just being right- it is being right and sitting tight. Remember that gold and silver primarily are insurance against devaluation of your savings through counterfeiting known today as quantitative easing. The fact that they have been suppressed for years by the cartel and currently offer one of the best profit opportunities in history (in our opinion) is icing on the cake.
-Doc
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Dear “B”
I am in total agreement with you. I too have a similar stack and really do get tired of the “pundits” who continually trot our charts and predict this that and the other about Silver. Nothing happens. Yes it slowly creeps up but the pundits never seem to realise there shouts of $75 by the end of the year have been trotted out repeatedly over the last three years. I don’t blame blogs for hyping up the action especially when they are selling Silver. They all do it.
The thing that most pundits and blogs never get around to discussing is why Gold is in lock-step with Silver. If the price goes up in Gold so does Silver and vice versa. Also if there is such a scarcity of Silver why does everyone selling Gold and Silver coins use the Comex as their yard stick. We are told this is just a “paper” market but it still seems to set the price.
Now QE is unlimited there will obviously be unlimited ” paper” money to smack down Gold and Silver at the “paper” Comex.
As Jesse Livermore said ”The only thing you need to know is the price now”.
The price of Silver NOW is $34. That’s all you need to know.
GBS, Remember that just because the Fed says they’re doing unlimited QE starting effectively the next day doesn’t mean you’ll see the full impact of such a decision in the markets overnight. For the moms and pops to understand what happened that day, they watch the evening news and read the newspaper the morning after. Sometimes they read the Sunday paper or equivalent and in-depth online articles written by the mainstream media. My point is, only the wall street guys play and take action based on news the day of the event. Moms and pops take a long time to call up or instruct their brokers to move $ around.
Most mainstream media won’t even be able to breakdown how QE3 (or QE-infinity I should say) doesn’t do ANYTHING at all to help main street. The only ones to be bailed out are the government through low interest rates, Fannie/Freddie who can sell their worthless MBSs, and the banks who ultimately profit massively from the insane leverages of their mark to unicorn accounting. Mom and pop won’t understand what QE3 means until many weeks or even months from now.
Remember: Just because the Fed announces something, they haven’t yet taken major actions of implementing it. The $40B (minimum) hasn’t even been injected into the banking system yet and silver is up significantly on just word that it’ll happen. BUT nothing has happened yet, so this is just an early sign of things to come.
Patience.
I’m not in this for a quick flip. I won’t be selling any of my PMs until its all over (maybe never in my life?). In a sense, I’m a bit like FOFOA in that saving is quite different from investing. Speaking of FOFOA, even though he’s a gold (and absolutely not silver) bull… his work is a great worthwhile read. I highly recommend his writings, even if they are a bit hard to understand or just incredibly verbose sometimes.
Oh, and my stack isn’t nearly the size of yours or B’s… if you guys feel like sharing, I’ve got some beans and bullets to trade
No matter how knowledgeable the Doc, Sinclair, Hommels, or Bix Weir is, the enemy of silver is huge and will not go away anytime soon, unless a catastrophe of immeasurable size brings down the FED’s hold on our country. Nevertheless, I refuse to exchange silver for the FED’s tissue paper. Except when I can use it to pay bills, or buy the necessities of life.
B, Those that panic first get out. Those that panic late, tend to get stuck in the funnel of people sprinting to the exit.
Some of us are years ahead of others in our strategic investments or savings of PMs. Those early in such things may become bored waiting for that final kick of the can down the road, because we’ve seen it coming for years and right as things get tough, someone invents a new shoe or way to kick that can a little farther. The thing is, nothing has changed about the fact that eventually the road ends in a cliff or steep slope downhill. Once the can has been kicked over that point of no return, it will start its unavoidable fall. Gravity takes over and it will accelerate at 9.8m/s^2 … this is exponential and it is unstoppable until hitting rock bottom. The cliff we’re on is rather massive. The world has been kicking the can up a mountain road for more than a hundred years and this Federal Reserve kick may be the final one that pushes the can over the peak.
I don’t know when we’ll realize if this kick was the one that sets of the chain reaction until months to come. Maybe it’ll take the Fed paying zero or negative interest rates on deposits and thus triggering a flood out of the money markets to blow the system up. I just don’t know. I don’t care either.
I don’t care when it happens, but I am scared as hell what follows when this can starts rolling on its own down hill. History’s lesson tells us many things: hyperinflation, soaring interest rates, high unemployment, wars on scales never previously seen, draconian governments, starvation, violence of man, destruction of the environment on massive scales.
It scares me beyond belief to know this is what is most likely to happen and see all the warning signs. Family and friends continue to believe that things are getting better, they’re in total denial about actual facts, they think that since we don’t see food lines thanks to EBT cards that people aren’t hurting “that bad” (go to Walmart at midnight on the first of the month!). The ignorance of people around me indicates how unprepared they really are.
I asked my coworkers on September 11th this year: “What do you remember of that day when three steel structures collapsed into their own footprints?” Every single person I asked was like: “What are you talking about, only two buildings collapsed!” and then left to their own devices and research (these are engineers) they find out WTC-7 collapsed at freefall acceleration from a minor office fire. A massive building that was barely touched by the debris of the other structures. Their understanding of history on such a recent and memorable day’s events scares the crap out of me. How can anyone be so blind to what happened that day? These are the same people that won’t see the can rolling rapidly down the hill…. even as increasing amounts of their paychecks go towards food and energy as inflation takes hold. They’re the kind of people that will believe the CPI says there isn’t any inflation even though its all around them.
I fear that eventually, the EBT benefits will be so low compared to food costs that we’ll see increasing amounts of food theft from stores… eventually leading to flash mobs for more than just beer and snacks at convenience stores.
Same here saddle, i asked my friends and family how many buildings collapsed that day and they replied affirmatively “why two of course” i then tell them about WTC 7 and they instantly thought i was lying until i showed them the videos. Most people are so brainwashed that the won’t be able to cope with the new reality of having all that they’ve known for so long being pulled out from underneath them like a rug. It would be up to us to steer them away from insanity or drooling in the middle of the road like a zombie because well..they’re still our friends and family.
I hear ya saddle! The level of people’s ignorance to the facts is solely due to the clutches that the mainstream media has on the general public’s belief system, and it should because it was planned that way. We are dumbed down intentionally so that this type of critical thinking is beyond us, even in the face of facts, most continue on in a dream state. The good news is that it takes only a vocal and knowledgeable few to make change happen. Those few can compete in the info war and challenge the non-thinking to begin thinking. It’s slow but so was the dumbing down process. It is frustrating though. Imagine Paul Revere riding through the streets crying…”The British are coming, the British are coming!”…. and everyone in their home saying to each other….”There goes the town kook again, he should give it a rest!”, if that had happened, we would be paying the Doc for our phyzz with shillings today!
I have finally come to terms with the fact that I will always be considered a wacko by most people I come in contact with. The alternative is that I stand in a conversation and am mute, cutting off each sentence in my mind before it is uttered. I find that hard. So now I just speak my mind but only where I have facts. So I still filter a lot of my suspicions because without any facts I am shredded!
I definitely agree with alot of your points B and we do constantly hear that boy who cry wolf, but i think the main reason we attract to PMs is because it’s mathematically inevitable that the dollar will collapse. Weimar, Tulip Manis, the collapse of Argentina in 2001 taught us that real wealth is something tangible not the illusion of the digital world. I feel your frustration because i see that silver is manipulated daily, even after QE3 was announced we’re only up one dollar for the entire week. Without the US involvement of PMs silver would’ve been up 3-4 dollars this week. Manipulation is still strong and they’re definitely still in control but we’re stacking because we know the dollar is in it’s death throes. Whatever you have saved in the bank or invested digitally we be reduced to zero. I, like most of us get so caught up in the minutiae of the prices that we forget about the endgame of the dollar. We’re too close to the bark of the tree that we can’t see the forest.
We are in a secular bull market, meaning those who profit most will be those with the most discipline. As with most bull markets, the biggest profits are made near the end/top when prices go vertical (for a very short period of time). I think we are at least 3-5 years from this point. Also, it is in the bull’s nature to to shake off as many riders as possible along the way. :D
I hope and Pray that you are right.
I am hoping that we do have a time frame measured in Years, instead of days or months.
My own personal preps are around 75% complete, and I think we could do well in a crash,
but that last 10% or more (last quarter in my case) can make life not only survivable, but
possibly “comfortable” if you did a good job.
The 1979 high was mostly due to the Hunt Brothers drinking too much kool-aid. They bought a lot, on margin, using phyz as collateral. This left them vulnerable to a COMEX rules change. When the puppetmasters crashed the paper price they got the Hunt Brothers’ phyz and dribbled it out over the 80s. In the 90s, lobbyists for the silver users group bribed the government to piss away its considerable Manhattan Project stash (imagine a silver electromagnet the size of a small house).
So, the 40 year chart can be explained by a manipulated top and a manipulated bottom, amplified by a huge change in public sentiment based on changing economic conditions. Now the puppetmasters are short on phyz and their paper scams are about to blow up. You will see real prices soon. They won’t be able to stop it. They won’t be able to raise interest rates to 18% this time, because the government and all of Wall St. would go bankrupt. In the 70s America still produced things and had a (relatively) low national debt.
…imagine SEVERAL silver electromagnets the size of a small house… ;)
It seems that the smart patient people throughout the world are acquiring gold and silver (us included) The desperate, unwise and penny foolish are selling their precious metals. Maybe there is a chart showing how quickly the countries where PM sales are robust and PM purchases are high.
Welcome to the 1/3 ton club B
Silver also needs to be rebranded. It was once considered a prized metal, like gold. I think that a rebranding is already happening through the likes of Pandora and Thomas Sabo who are using siver extensively in their jewellery range. It is pricey stuff, but still affordable for most people. It is really nice to see people from both the leafy suburbs and the working class areas wearing the same jewellery. I also think that silver is the right colour for the young generation – they are a different mind-set and the image of silver along with tattoos etc is a fashion statement.
There you go chaps – a woman’s perspective on this site
B,
With 12,000 oz. if you had 10,000 before the recent rise your total value has risen $70,000 in A MONTH. Not bad!
I wouldn’t mind if my ounces went to $1.00 Ea. Like it used to be. We called it a: “Silver Dollar.” Gas was 25.9 and a big old Snickers bar was a dime. Hey, how about a warm-up on your “bottomless cup”- 10 cents here at Dunkin Donut. I remember when it went up to 35 cents. I felt SO ripped off! People from all Nations prized our Coin. One could hammer it in to a Wedding ring. It made those Aluminum Lire look pretty bad.
But this question is a bit like asking “why did the brute steal candy from the baby?” or “How did that magician saw that Lady in half?” The paper portfolio market was a brilliant scam that works like plastic debit cards. It works on Fear and Storage. These guys that “invest” their money in “trustworthy” fund agencies will be the first guy beating you out of the way for a scrap of bread. The Dollar itself is only what somebedy else says it is- other than a nice official certifcate that says you actually produced something of value that can be sold to someone that actually needs it. But the silver ETF funds are where the money is coming from. besides the taxpayer of course, to manipulate these markets. Criminal. A Ferrari on a desert island would not be worth much out of gas but more than one little German Lady took one link from Her silver chain a week to feed herself and Family.
Hello everybody
Long time reader first time poster.
I think that in order to understend silver market one must read Charles Savoie http://silverstealers.net/tss.html .In my opinion this is the best piece ever writeen on the subject of silver. Sorry for my English but comes from my heart .This is the best silver site there is. Thank you doc and everybody else for expending silver message .
I have been watching this site for over a year but had to sign up just to post the following:
PHYZZ is to avoid currency devaluation. Nominal gains just mean that the dollar is losing purchasing power. I do not view it as an investment. I view it as a wealth(energy/time) preserver.
Also, remember the fundamentals of EROI. Supply and demand. Currency devaluation. Exponential curve of debt. Finally, propaganda has never and will never be able to stop plain math.
Review the videos of silver from Chris Duane. Fundamentals have never been stronger.
What other option does Shalom Bernankornhole has beside outright money printing? He fired the QE bullet with no date in mind to end the program. Just think…he fired the QE bullet without the market dropping…
Who will win the battle between the bankers or the market?
It is a matter of time.
Got phyzz?
People have to remember it took 8 months for silver to rise from 18 to 49 after the last QE was announced.
I see now the problems of storage for some of the subscribers and now also the concern of those “investors” among us who are griping about price like they will be swapping silver back to fiat once the silver fiat price has a number of zeros attached per ounce.
Silver is preserving wealth for the time when the US Dollar no longer buys things and a new medium (hopefully silver) exists.
My view on price is any traders in the silver market out there, particularly the phyzz market who are not happy with their “investment” position should immediately dump their holdings so I can buy more silver for the same fiat paper exchange rate.
Those tacky – Gold to $10,000 headlines are just fluff. When gold goes to $10,000 We’ll already be in hyperinflation.
I see people talking about when will PM’s get to a set fiat exchange point but that is still the “game” of the cartel/banksters.
Think about – at what price do I believe PM’s will get to before hyperinflation kicks in or the US Dollar turns to junk. You want to have converted all the fiat you want to before that time
If the price of goods that you need to purchase increases along with inflated dollars, and if you are paid in inflated dollars then it essentially becomes a push. The real increase of silver’s value will be when it becomes more scarce and demand is high. Scarcity means actual amount of silver in existence, not how much is being held.
The truth remains that Gold and Silver is real money. What you may not realize is that no country in the world
has ever survived more than 235 years on FIAT currency. Today the envelope is being pushed to 236 as we just
turned 236 years old on July 4th hypothecically.
The cartel controls are losing steam as people are waking up to the fact that the dollar’s
value is crumbling and I mean crumbling rapidly. U.S Treasury yields are going North, meaning there is a lot of selling
going on. Big investors know well that Treasuries are no longer a safe haven. Gold is being purchased in enormous
amounts by all central banks throughout the world. China for instance is world’s largest producer of Gold and yet they
are buying up more tonnes than any other country and shedding U S Treasuries as quickly as they can. Silver as well
being bought up by the tonnes by Asian countries to boot! Personally I watch the 10 year Treasury and it has risen to
higher yields rapidly in the past 60 days. What does this tell you? The dollar is rapidly losing it’s status as The Petro Dollar.
aka; Reserve currency of the world. Silver will without a doubt in my mind will rise faster to $50.00 faster than what is predicted.
The end of the dollar is so close that at least 90% of our population here in America are totally unaware that hyperinflation
is on the immediate horizon, and meaning much sooner than we are prepared for.
B. hold on to your dream as it will not abandon you, your wealth in Silver stacking is just right around the corner.
Ranger from Texas
As long as you hold your silver and don’t cash it in then the momentary price is of no real consequence. That is unless you are planning to cash it in. I still have silver I bought in the $4 to $5 range, but the majority was purchased between 6 – 12 dollars. I have never regretted, ever, the decision to buy and hold. When silver pricing increases I sometimes calculate what the current value would be in dollars, but always keep in mind that the 4 dollars I spent to buy the older silver would buy a lot more gas for my car, back then, than it does now. In a perfect world and all things being equal, which they are usually not, silver and gold never becomes worth more or less, it is the value of the currency it is being priced against that is changing. Most commodities follow this since they are used as input into industrial demand. It is hard to believe that the manipulators allow silver to be used as an input at such a cheap price, but it seems they do. If nothing else, things will have to change in the coming years with silver becoming in short supply and demand probably going up.
@Crissy-
Two dimes some time back would buy you a gallon of gas. Today, those same two dimes will buy you a gallon of gas.
Thus that supports my argument that the value remains the same. You did not read what I actually said and are preaching to the choir.
ACTUALLY, averaging silver values out (when we had silver coins still in mintage) the same amount of Silver buys MORE gas now than it ever did. But Gas is trying to make a comeback
For starters, QE 3, the Fed is not even bothering to actually print the money. If they did, gas would be $10.00 a gallon by Monday. The MBS purchase, is a tactic to relieve Wall street of useless assets, because in the real world, THEY ARE NOT SOLVENT. So the Fed takes away the cancer and, resupplies Wall street with almost unlimited cash.
The real reason we have not experienced hyperinflation is, because the Fed DOESN`T ACTUALLY PRINT THE MONEY. It`s digital. The banks wont circulate it, they need to cover thier ass with it. Following WW1, the German government actually printed it, and circulated it. The money became nearly worthless. The Fed and Wall street know this. If they keep it all, or cover thier ass, people like us will never see it.
Inflation will procceed at a nearly orderly pace.
Rule #1. Those in power, want nothing more, than to remain in power, and will expend any effort to do so.
Rule #2. You cant change rule #1.
This is a new version of “Trickle-Down Economics”
It will take time, but things will go up, and inevitably.
COUNT ON IT
Im a little shy of 5000 oz at the moment but will continue to stack.
In effect the price of silver matters if your looking at silver in purely investment terms in which case paper silver and real silver both hold that value at the moment. For me and i suspect many others real silver is a value hedge against financial turmoil and in particular the collapse or decline of fiat money.
As a value hedge i dont care if silver is $50 an ounce or $5000 an ounce because the price of silver will ultimately reflect the state of the union. If silver shoots up to $5000 an ounce we know the shit has hit the fan and its no point buying it then but i will have trapped some old world intrinsic value in my silver.
if the price of silver continues indefinatley hovering between $30 and $50 dollars then eventually if i need to i can cash out if thats my desire.
If the shit hits the fan though what other options do you have where you can retain your wealth. Land, commodities are possibilities any fiat investments are pointless and the sharemarket is always vulnerable to financial disasters. i look at silver not so much as investment but as a value hedge. my objective over the next 3 years is get to 10,000 ozs i will buy tomorrow i will buy at $50 an oz if thats where it sits i will keep buying until its obvious that the fiat game is up. then i will sit and wait for it to hatch.
max
As a small stacker compared to most of you (under 100 ounces) I will still keep on buying whatever silver I can afford. Even a small gain a month adds up over time.
Watching the Chilton interview on CNBC said it all…. His body language told us that he knew that silver and gold were being manipulated and that there was not a dang thing he could do about it except try to communicate through alternate means…
Gold and Silver are enemy #1 to the FOMC and now that Ben Bernancke is officially in charge of this country and not the President we have to accept the fact that fundamentals, charts and common sense no longer apply. At least we know who the real leader of the country is and that we have to live by Ben’s rules where manipulation is the way it is and we all better get use to it…
Ben can just print more money for his financial institutions to continue to short his enemies into submission… We are at their mercy
I don’t count the 50$ silver price in 1980 because it was actually the Hunt Brothers who drove the price. The Federal Reserve announced unlimited QEs so the prices of everything will go up. The reason why it’s not happening right now is because it takes time for the dollars made by the QE to reach the poor and the middle classes. So by the time the dollars are circulating from printing press to middle and poor classes, prices for them will go up way to quickly. It’s like a pyramid! Those who are the closest to the printing press are the one benefiting from printing dollars. So in conclusion, you have to wait a little bit longer so that silver will rise.
Good posts everyone.
My silver purchases are not for investment, they are for stored value. That being said I must constantly filter all the buy, buy, buy hype. I did not wake up until we were in the $40s so I am one of those, but learned my lesson very quickly. I will continue to buy as I am able, sort of dollar cost averaging.
B, I here you buddy. Wish I were in a position to have converted all my wealth to PM but that is not going to happen. Just remember, solid silver flatware is just as good as anything else. It is still silver.
I can certainly understand the frustration. On an inflation-adjusted basis, silver is far too low right now. We just have to take a step back and remember this is not an “investment” for the faint-of-heart nor the patience-challenged. We are dealing with an enemy who has unlimited paper ammunition and who runs the greatest mind-control experiment (MSM) in human history.
Do you believe in value or price-propaganda? I believe in market fundamentals and value myself and believe we will be proven right eventually. The question is are we old and feeble by that point in time? People have been calling for the end of the petro dollar since the 1970′s now. I would imagine that if they knock-out Syria and Iran and force-feed the entire world Dollars, like it or not, they can keep this scam going another few years. Rome did not fall apart overnight either.
Silver is the right place to be, the moral place, the value investor’s to be but I am not banking on it making me rich any time soon. If it does, great. I will keep stacking anyway.
A few hours of QE 3 rally, and then…NOTHING.
In EUR terms, the who rally didn’t even exist! It was all an inverse USD index rally, nothing to do with PM from where I was sitting.
We are proving to be unable to find more people with independent thinkling brains to get on board. Our pyramid game is not working. Each of us should get 10 new stackers on board. I tried in all ways possible, and scored zero. Inspired an already stacking guy to take it to the next level, but not more.
The people need to get on this. The other 98.99%. If just 1% would be in, Silver would all but go extinct. Sivler mines would go from desert placed to fortresses.
Let’s look at this from the other end of this tunnel. Say that silver and gold continue to be held down in price by powerful forces in the bullion banks, the central banks, and the government. OK, so what? If, at the very least, you have your savings in something that is absolutely immune to the inflation created via excessive money printing, you will still be WAY ahead of the game whether or not large price increases are in the immediate future. Silver HAS increased in price by over 500% in the past 10 years, right? That should tell us something, especially in light of the fact that in financial terms we are in a MUCH more precarious situation these days than we were in 2002.
But… it IS a free country insofar as whether we do or do not swap fiat for PMs. We can all do as we will and have a choice of which form of wealth to hold: gold and silver that have been money for over 4,000 years -OR- unbacked paper with ink on it that ALWAYS goes bust at some point. Choose wisely.
DOC’s Chart was exactly what I had in mind, perfect answer! I illustrates perfectly that they are losing hold
on the markets… The fact that Gold is rising at a % closer to Silver’s rise is interesting to me, back in the last
3 years, when Silver shot up, Gold lagged behind. Silver’s percentage gains would typically exceed Gold by a
factor of 3 or 4 or 5, and sometimes 6:1! Now, it is close to 2:1, and I think I have a possible reason…
They are getting out of the Gold Manipulation business, and concentrating on Silver. However, they have lost
ground in BOTH markets, hence what we see now. Still in both, but losing hold.
Remember the table game, (Hasbro? Mattel?) called
GNIP-GNOP?
http://t3.gstatic.com/images?q=tbn:ANd9GcQQyUXqNBXOGrXFMEZjU0WU7K4PSOQNJon3brf6tvzDP3254yFjMLKvjQ6D
(guh-NIP guh-NOP)… It had 3 Ping Pong balls, and each player had 3 “flippers” and the object was to “stick your opponent”
with all 6 balls (3 of each color) on their side of the field of play at once, to make them the LOSER (one “O” for you internet spelling champions! lol)
So I propose we call all this market manipulation this:
MANIP-MANOP!
WE the PEOPLE are going to stick the MANIPulators with all the PAPER on their side of the “LEDGER” and THEY LOSE!!!