May 1st is the day to buy silver!

Good come back Tinpot....... At this point do you even know who you are mad at or why ? I know I wouldn't be blaming you if silver went to a hundred. I would just take a good look at myself and say why did I miss that.

 

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I'm as happy as a clam. I love the silver pumpers and the anti pumpers it keeps things interesting. I really admire your work trying to protect people from the silver pumpers, your the yin to their yang, you complete each other.

 

Or.........Oh dear.

 

Actually it would be more like.... Oh Something else

 

That is what gets old in the PM press. They are ALWAYS right. Silver goes up, because they are right. Silver stays flat, they are right but its being slightly manipulated. Silver tanks, (along with all other commodities), its THE MAN manipulating! They cannot be wrong, it ALWAYS has to be manipulation in their eyes.

You know, there very well could be specific instances where shady things have been done, its just hard to ever give a "dang" because they ALWAYS say they are always right, and if its wrong its because of "manipulation". I am a man, and admit I make mistakes and miss financial moves all of the time. I simply wish the PM pushers would do the same and grow a pair.

The ONE TRUTH in life I learned early on, and always try to adhere to, is this. If someone REALLY KNOWS what is going on, and REALLY KNOWS what will happen in the markets, why does he need you, and why does he need YOUR money? I would be sipping pina coladas on my island somewhere, not working in Minnesota, (btw, which snowed again today, this winter will never end).

 

Read the book, The Creature from Jekyll Island if you want to know who really runs the USA

Short related video:

[video=youtube;XXBp15YNMRA]http://www.youtube.com/watch?v=XXBp15YNMRA[/video]

 

It only has to do with the price of silver indirectly. Directly it has to do with breaking the system of manipulating the price by buying enough physical to end their ability to control the price with fake contracts.

It is fighting back against the financial institutions that are destroying our economy with the lack of free market competition, front running trades to siphon off what the masses are buying and selling through a broker, and many multiples of leverage in derivatives that Hank Paulson used to hold Congress hostage in 2008.

Buying silver is not only a vote with your wallet against their oppression by exiting the system they control, but it also hastens the day in which they will lose this control which will only happen when the physical market calls their bluff.

The silver market is much smaller than the gold market, and is in much shorter supply than gold so it is the biggest threat, and the best way to peacefully dissent against financial terrorists.

 

Hmm, I don't see how buying physical would do anything but drive up basis. I would think if people wished to do this what they could do is put their money down and pay for a contract up front to take delivery from the COMEX. Anything else, and all you are doing is maybe increasing your basis price differential you ahve to pay versus the COMEX.

Btw, why ARE silver holders in such a hurry for "prices to no longer be manipulated"? Is it that they were able to BUY under "manipulated" conditions, and now wish to sell under "non-manipulated" conditions? Do they want to put this "one time profit" in their pockets? Its the only answer I can think of, that people are greedy and believe this will make them millionaires.

 

This is lunacy. Nobody gets divorced for any reason other than that they made the wrong decision in getting married. Shall we blame the silver bloggers (who aren't here to defend themselves against your tirades) for the lack of world peace while we're at it? I have never given a dime to any of these supposed propagandists, and I have never received a dime for my efforts in steering people toward silver which is for only one reason - to protect themselves against financial terrorism. Apparently you are either not concerned with or cannot see the malevolence in that industry, but ignorance is no excuse to herd people into a train wreck.

So someone selling their 401K (leveraged paper assets with counter party risk that are utterly dependent upon Fed monetization) for metals (zero counter party risk and intrinsic value throughout the ages) is stupid? You are entitled to your opinion, but guys, remember where you are.

This is a bullion forum. If you don't agree with investing in bullion you are in the wrong place.

 

We've already discussed that the exchanges are running thin. It's simply a matter of buying more than they can deliver. You know this. I don't know why you're playing coy.

I can only speak for myself, and it's quite simple. I don't like liars and thieves. I will do my part to rout them from their ivory towers. Silver is protection from their imposed risk. It is protection from wealth devaluation, and it is the most effective way to undermine their criminality. For me, it has absolutely nothing to do with profit. It's about integrity and fairness.

 

Playing coy? How so? Do you really think most silver goes through the Comex? Most never touches that warehouse, it goes from producers to end users. So if you are buying silver that never was on the Comex, how are you affecting them? How are you depleting their stocks? That was my point, if you believe the Comex is selling silver too cheap, BUY IT. If you think Coke is too cheap you don't run out and buy yourself a Pepsi, you buy the Coke that is "on sale".

Btw, you mention the exchanges are running thin. I haven't seen silver, but gold is lower, but still MUCH higher than it was at the start of the bull market. Do we know the gold left to end users, or whether the holders of the gold saw the end of the bear market and liquidated their physical holdings they were using to play the market? I would be interested if anyone had any information concerning that point.

 

Most uninformed ( business wise) see reduction in amounts in the exchange warehouses as an indication that silver or gold is getting scarce, but do not understand the function of the exchange warehouses. Reduced storage means that the exchanges are not getting contracts for physical delivery as when gold and silver were going up rather regularly. They do not sell it by the piece at the backdoor. If anyone buys a contract for physical delivery, the storage will increase on the book. If not, as most fear the worse is not yet over ( except the bullionists, and they count little as few of them are buying contracts for physical delivery), and do not want to commit the full purchase price for delivery, place paper bets with margin or options and wait until the last day to change from a nondelivery to a delivery contract.

Conversely a decrease in exchange warehouses indicate a fear and uneasiness in the future pricing so the exchange doesn't have to store it for the delivery contract. People would be better served if they waited until the inventory goes up before buying themselves. IMO.

 

Well, May 1st looked promising at $23.30, but, no buy for me unless under $22 (manipulators, do your thang). Oh well, maybe tomorrow...
Consolation is I received a recent online order. Some 2013 African Wildlife Silver Coins. Very pretty. Minted in Germany, not a dud in the bunch, impressive. So, not all is lost...

 

That's a little extreme. I would say this is a place to discuss investing in bullion, and I welcome opinions from either side of the fence.

 

I'll buy on Friday like I always do every two weeks. Let it drop to $1 per ounce. I just like silver. Call me selfish, but no I don't care what takes it there as long as it hits $10,000 per ounce in about 25 years.

 

I bought REITS about a year ago and I'm beginning to move into silver ETF's. I'm thinking that silver may go a little lower but it is near the bottom. I'm going with my standard thinking "buy low and sell high".

 

You are right. What I said was closed minded. I just get frustrated when people make it a point to seek out coin boards and deliberately steer people away from them. I don't go to stock boards and preach why metals are better. We're here because we have a common interest, and it boggles my mind that metal enthusiasts would be so anti-metal.

 

The whole idea of buying on Mayday was to get the price of silver to go up. I guess the market did not get the message. Silver dropped all day. What happened? Oh well, back to the salt mine. I think I might buy some tomorrow. The price is down!!

 

No, I don't think most silver goes through the COMEX. However, they are (were?) the price setting mechanism for most everybody else, therefore if they don't have the metal they lose that ability, which is key. If they have to go buy it on the open market they are paying a hefty premium compared to the price they purport, and thus the physical market takes over their price setting control in that case even without an overall shortage. It's not a matter of causing a silver shortage. It's about removing the price monopoly they have so that the silver which is out there, and is plentiful, can actually function in the market based on real supply and demand instead of smoke and mirrors, so instead of it being hoarded it can exchange hands freely, many of which will not let it on the market at current prices. Until then, those of us who feel the price is being set unfairly will continue buy it up and put more pressure on the exchanges.

I have been buying silver, at $28, $27, $26, $25, and $24... I mean $30, $29, $29, $29, and $29.

 

I played golf there once...got the shirt to prove it!