Next step silver - over $20.00

CURRENTLY: In UK/EU markets Tuesday 8/10/10

GOLD: $1,195.10
Silver: $18.14
Platinum: $1539
Palladium: $477

US market opening in approx. 35 minutes...

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Well, I have a number of silver that I was looking to offload as I've mentioned MANY times. =)

I was waiting for silver to hover around $18.60 before I unloaded them. For some reason I'm not as concerned with gold which isn't doing all that well either. Maybe I should be? ha!

 

CURRENTLY: After the open in US markets for Tuesday 8/10/10

GOLD: $1,193.10
Silver: $18.07
Platinum: $1543
Palladium: $481

 

CURRENTLY:

GOLD: $1,199.90
Silver: $18.29
Platinum: $1547
Palladium: $477

 

CURRENTLY:

GOLD: $1,206.40
Silver: $18.42
Platinum: $1550
Palladium: $479

 

CURRENTLY: At the US Market open for Wednesday 8/11/10

GOLD: $1,202.00
Silver: $18.22
Platinum: $1545
Palladium: $480

 

CURRENTLY:

GOLD: $1,208.10
Silver: $18.27
Platinum: $1547
Palladium: $481

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I ran across this article today about the protests that have been going on in Bolivia:

http://www.reuters.com/article/idUSN1124448020100812

I know that a lot of us have been speaking about China this or China that & have all heard how China is urging investments in gold & silver.

Well a couple things in the above article made me go HMMM.

"The protests also brought to a halt the Cerro Rico silver mine, where thousands of independent miners work, and some key mines controlled by foreign investors, including San Bartolome, the world's largest pure silver mine run by Coeur D'Alene."

and

"San Cristobal is one of the largest mines in landlocked Bolivia, producing some 1,300 tonnes of zinc-silver ore, and 300 tonnes of lead-silver ore per day. It is 100 percent owned by Japan's Sumitomo Corp (8053.T)."

 

Silver poised to pop? Let it happen in the next day or so (in my dreams). I'm takin' some to Boston.....

 

Thanks for the link Kanga! I follow news through Mineweb and they picked up this story through the Reuters link as well. You make a good point not to focus on fingerpointing at just one place/player like China.


CURRENTLY: In UK/EU markets for Thursday 8/12/10...

GOLD: $1,205.90
Silver: $17.97
Platinum: $1523
Palladium: $471

US marketing opens in just under one hour thirty minutes...​

 

CURRENTLY: In the US market for Thursday 8/12/10...

GOLD: $1,212.40
Silver: $18.03
Platinum: $1526
Palladium: $474

 

CURRENTLY: In UK/EU markets for Friday 8/13/10...

GOLD: $1,215.50
Silver: $18.11
Platinum: $1537
Palladium: $476

US market opens in an hour fifteen minutes...​

 

CURRENTLY: In the US market for Friday 8/13/10...

GOLD: $1,216.70
Silver: $18.10
Platinum: $1534
Palladium: $477

 

http://www.silverinstitute.org/images/stories/silver/PDF/wss10sum.pdf

 

Krispy use your magic and make silver gain 30 cents so I can sell off my positions

 

Don't remember the last time I saw elaine in the silver thread....

 

Elaine came calling! Anyone download that PDF? What is it?

Then came calls for magic! Well, we all know there's consequences if we learn too hard on the mojo...

 

Didn't download anything, all I know is that I've been reading many articles pointing to the same consensus....I don't want to read anymore, I just want to see the fundamentals in action!!!

 

Yep! These bugs gotta put up or shut up! LOL! Let's see some performance that backs up these exclamations of breaking $20 by such and such a time, breaking $1350 by such and such point... these threads are nearing a year old, hopefully that's an education in speculation itself.

 

be some good mojo to end the week on