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Silver Set To Reach New Highs
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Gold Price
Nov 24, 2011, 2:26:34 AM11/24/11
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So what is the story with silver - did the bubble burst? Is it headed for
$50 an ounce or more? What about the gold/silver ratio: Is it headed towards
new lows or new highs and what does it really mean? What is the real supply
and demand picture for silver?
Silver remains a precious metal despite years of being the "bastard
stepchild" to gold. An attempt to corner the silver market drove prices to
historical highs in 1980 and more recently towards $50 an ounce based on
several proven and unproven factors including short covering of a reportable
massive JP Morgan (JPM) short position inherited from the takeover of Bear
Stearns, global economic concerns resulting from sovereign debt defaults to
currency devaluations to political unrest.
Technically, I have a strong case that silver has been tracing a corrective
pattern off of the 2011 highs which may be complete with the larger bull
market advance in full force again. Fundamentally, the same story presents
itself over and over again - silver is set to advance reaching new highs
that will surprise and astound many.
Read more at
http://www.goldprice.info/uncategorized/silver-set-to-reach-new-highs/
$50 an ounce or more? What about the gold/silver ratio: Is it headed towards
new lows or new highs and what does it really mean? What is the real supply
and demand picture for silver?
Silver remains a precious metal despite years of being the "bastard
stepchild" to gold. An attempt to corner the silver market drove prices to
historical highs in 1980 and more recently towards $50 an ounce based on
several proven and unproven factors including short covering of a reportable
massive JP Morgan (JPM) short position inherited from the takeover of Bear
Stearns, global economic concerns resulting from sovereign debt defaults to
currency devaluations to political unrest.
Technically, I have a strong case that silver has been tracing a corrective
pattern off of the 2011 highs which may be complete with the larger bull
market advance in full force again. Fundamentally, the same story presents
itself over and over again - silver is set to advance reaching new highs
that will surprise and astound many.
Read more at
http://www.goldprice.info/uncategorized/silver-set-to-reach-new-highs/
Bremick
Nov 24, 2011, 9:11:07 AM11/24/11
to
"Gold Price" <gold...@goldprice.info> wrote in message
news:jakrj8$1l2$1...@speranza.aioe.org...
Astound us. Keep us posted how you make out. Were you one of the ones who
had silver at $50 or higher by years end? $100 in 2012?
oly
Nov 24, 2011, 10:49:18 AM11/24/11
to
On Nov 24, 8:11 am, "Bremick" <rem...@cox.net> wrote:
> "Gold Price" <goldpr...@goldprice.info> wrote in message
>
> - Show quoted text -
I don't disagree with the OP's general message, and I personally tend
to think that important people/ major financial players are supressing
the price of silver.
One of the big consistent lessons of economic history is that price
supports eventually lead to price implosion, and that price supression
leads to price explosion.
Just becasue you are paranoid doesn't mean that "they" aren't out to
get you!!!
+++++++++++++++++++
I do have to laugh at the OP's mention of "technical anaylsis", by
which I assume he means he believes in "charting". Technical analysis
is the 20th and 21st century form of ALCHEMY, and it works about as
well as Alchemy. If someone who reads this is ultra-dense, this is to
say technical analysis doesn't work and is pseudo-science.
If technical analsysis (charting) really did work, it would be 100%
illegal for the plebes to own graph paper!!!
Nobody can point to even one single well known individual fortune that
was won AND kept for a long perios of time using "technical
analysis". Zero, zip, nada, rien, zilch - not one.
+++++++++++++++++++
As a coin person, I am so used to seeing and handling silver, which I
know is very very common. It makes me wince to pay so much for it in
our paper dollars. But I know that it is a better form of long-term
personal savings/ insurance than whatever is being now being doled out
by the banks and Wall Street.
oly
> "Gold Price" <goldpr...@goldprice.info> wrote in message
>
> news:jakrj8$1l2$1...@speranza.aioe.org...
>
>
>
>
>
> > So what is the story with silver - did the bubble burst? Is it headed for
> > $50 an ounce or more? What about the gold/silver ratio: Is it headed
> > towards new lows or new highs and what does it really mean? What is the
> > real supply and demand picture for silver?
>
> > Silver remains a precious metal despite years of being the " @#!*%
> news:jakrj8$1l2$1...@speranza.aioe.org...
>
>
>
>
>
> > So what is the story with silver - did the bubble burst? Is it headed for
> > $50 an ounce or more? What about the gold/silver ratio: Is it headed
> > towards new lows or new highs and what does it really mean? What is the
> > real supply and demand picture for silver?
>
> > stepchild" to gold. An attempt to corner the silver market drove prices to
> > historical highs in 1980 and more recently towards $50 an ounce based on
> > several proven and unproven factors including short covering of a
> > reportable massive JP Morgan (JPM) short position inherited from the
> > takeover of Bear Stearns, global economic concerns resulting from
> > sovereign debt defaults to currency devaluations to political unrest.
>
> > Technically, I have a strong case that silver has been tracing a
> > corrective pattern off of the 2011 highs which may be complete with the
> > larger bull market advance in full force again. Fundamentally, the same
> > story presents itself over and over again - silver is set to advance
> > reaching new highs that will surprise and astound many.
>
> Then I suppose you'd be a fool by not investing ALL your money in it.
> Astound us. Keep us posted how you make out. Were you one of the ones who
> had silver at $50 or higher by years end? $100 in 2012?- Hide quoted text -
> > historical highs in 1980 and more recently towards $50 an ounce based on
> > several proven and unproven factors including short covering of a
> > reportable massive JP Morgan (JPM) short position inherited from the
> > takeover of Bear Stearns, global economic concerns resulting from
> > sovereign debt defaults to currency devaluations to political unrest.
>
> > Technically, I have a strong case that silver has been tracing a
> > corrective pattern off of the 2011 highs which may be complete with the
> > larger bull market advance in full force again. Fundamentally, the same
> > story presents itself over and over again - silver is set to advance
> > reaching new highs that will surprise and astound many.
>
> Then I suppose you'd be a fool by not investing ALL your money in it.
> Astound us. Keep us posted how you make out. Were you one of the ones who
>
> - Show quoted text -
I don't disagree with the OP's general message, and I personally tend
to think that important people/ major financial players are supressing
the price of silver.
One of the big consistent lessons of economic history is that price
supports eventually lead to price implosion, and that price supression
leads to price explosion.
Just becasue you are paranoid doesn't mean that "they" aren't out to
get you!!!
+++++++++++++++++++
I do have to laugh at the OP's mention of "technical anaylsis", by
which I assume he means he believes in "charting". Technical analysis
is the 20th and 21st century form of ALCHEMY, and it works about as
well as Alchemy. If someone who reads this is ultra-dense, this is to
say technical analysis doesn't work and is pseudo-science.
If technical analsysis (charting) really did work, it would be 100%
illegal for the plebes to own graph paper!!!
Nobody can point to even one single well known individual fortune that
was won AND kept for a long perios of time using "technical
analysis". Zero, zip, nada, rien, zilch - not one.
+++++++++++++++++++
As a coin person, I am so used to seeing and handling silver, which I
know is very very common. It makes me wince to pay so much for it in
our paper dollars. But I know that it is a better form of long-term
personal savings/ insurance than whatever is being now being doled out
by the banks and Wall Street.
oly
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