Silver prices to the moon!!

"Buy when the blood is the flowing in the streets." Nathan Rothchild

 

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I thought I was alone in buying silver, but I guess there are lots of people buying ASE's according to this article:
http://www.marketwatch.com/story/si...h-retail-buys-2013-11-15?reflink=MW_news_stmp
Does this mean the price is okay for most people?

 

"Blood is flowing in the streets" <gulp>
Rothchild seems scary.

 

While there were (or will be) a record amount of ASE's sold in 2013, the data is a bit misleading. Since the price got hammered in '13 there was actually a lot less money spent on retail silver this year showing that the trend is moving away from retail silver.

Mike

 

"Rothchild seems scary"

Rothchild was a good flogger. Did investors on the London Exchange really think he went through the trouble and expense to learn the outcome of Waterloo for their benefit? "Buy Francs, sell Sterling!" [Trust me boys. I'm a humanist. I live to serve my fellow traders ]

 

Double post. Thanks again Maximum Nothing Wireless.

 

Exactly, and when there was no blood in the streets, they just added some for their amusement.

 

When Rothchild got the news,via carrier pigeon, that the allies won Waterloo he shouted buy Francs, sell Sterling to his trading staff who he had instructed beforehand to do the exact opposite of whatever he shouted once he got the news. The others investors copied him and in so doing, did all the work for him. But really, they had to be eating Santa Claus mushrooms to believe Rothchild would just give away information like that so they could get rich.

 

I have a feeling we've just climbed back to the top of the slide and we're starting all over again, this time from $19 and change. Weeeeee, down the slide we go!

 

Here is a good example of having to add truth into a fairy tale opinion, in order for people to still take the subject of PM's somewhat seriously. I believe the parts about the new lows. It's the "multi-year bull market" prediction that sounds like bull...

As of 1:42 p.m. EST, Comex December gold futures were trading at 1,244 an ounce, relatively flat on the day; however David Bensimon, founder and president of Polar Pacific, is expecting prices to hit a new low in December and bottom out at $1,090 an ounce by early 2014 before gold starts another multi-year bull market.

Bensimon added that prices could fall as low as $1,090 by December but is looking for the ultimate test in early 2014.

"Now it is very clear the structure favors the bearish outcome and the market needs to reach that more powerful price level of $1,090 and the next timing window remains December, and in the latest report I highlighted an even more important timing window in early 2014," he said.

While some analysts expect the June lows to hold as the bottom, Bensimon said that $1,090 an ounce represents a strong retracement level from gold's rally that goes back to 2001. He added that the fundamental picture along with the recent price action doesn't make the June low a strong support point.

"As the market evolved more naturally down… people did not rush back in, in China. You didn't see the same rush of housewives going out to buy gold as they did in April," he said. "I think that gets lost a little bit in this shuffle."

Bensimon is not just bearish on gold, he is also expecting weakness in silver prices; he said he is expecting silver to underperform the yellow metal during this new down phase but will outperform when the correction is finished in early 2014.

http://www.nasdaq.com/article/gold-...re-it-reenters-a-bull-market-analyst-cm305024

 

Times are different now. When you watch tv, you hardly see gold commercials anymore. There are fewer billboards advertising gold and silver. The feeding frenzy is over. I'm not saying the price will crash overnight, but the herd is moving away from precious metals. What comes up must come down.

 

Metals have been getting whacked pretty hard but I think it's far from over.

 

I've just put tin foil on my head and I'm facing toward Mecca. I'm seeing silver at $21.50 by the end of the year.

 

Silver is in a long-term bull market because there are continuous commodity inflation pressures, IMO. As I pointed out before, investing in silver is to indirectly invest in oil. While I see short-term fluctuations in oil, I see its price going much higher in the coming years. Even at the current price level, I don't see most mining companies generally prospering. There are also a host of other issues which InfleXion has covered repeatedly and, I would add, accurately.

 

Doesn't anyone realize that, as the economy improves, interest rates rise? As interest rates rise, PMs weaken...that's Economics 101.

The ONLY way PMs will have an extended rally from here is if the economy continues to flounder.

That's what amazes me about PM bugs...their whole investment strategy is based on economic failure.

Historically, even after we screw up, we find ways to right the ship.

 

IMO, propping up mal-investments is more likely to bring more of the same by the same rather than economic success.

 

This is the problem with trying to discuss bullion prices and economics...it's hard to do without discussion politics. If you would like to discuss further, please meet me over at Partisan Lines.

 

I don't necessarily look at PM as an investment as much as a "value store." I can, at any point in time, pretty much sell what I have and know the "value" of it. It may be up or it may be down from what I originally paid, but it has a pretty definable value at any point in time.

 

I guess you are referring to "loose" money policies as "propping up". My question have to be, Why would this time be different? We have had many periods of loose money in the past and every time the policies have eventually tightened, and every time the economy eventually strenthened. EVERY TIME!!!

In addition, there have been may times your so called "mal-investments" have increased in value during the tightening phase. Now I know the folks at Silver Doctor.com would love to have you believe this time is different, but I see no evidence. I'll be going with the odds on this one. YMMV

 

No Mike I was referring to these
Mal-investments:

http://en.m.wikipedia.org/wiki/Malinvestment

Bail-outs and QE forever, which in part is a backdoor bail-out for crappy morgages is rewarding the weak and punishing the strong. Had there been no bail-outs the weak would have gotten their well earned dirt nap and the strong would have taken over their assets at dirt prices.

Rewarding the weak and punishing the strong will not lead to long term economic success. It will lead to bouncing across the bottom and proclaiming each bounce as a
"Green Shoots" sighting. Oh, and
Mike, if YMMV means what I think
it does, re-package it and sell it to
fed.