Expect Major Silver Price Spike As COMEX Inventories Decline ( is this true)

the site dosent look profesional so im not sure if i shhould beleive it

http://kingworldnews.com/kingworldn...Price_Spike_As_COMEX_Inventories_Decline.html

 

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It may be real but people are always saying stuff like this

 

Yup, just as often as me saying the sun will rise in the east tomorrow. I have a better track record too!

 

But no one makes a profit with that information.. :rollling: ..withstanding the occasional idiot.

 

Oh, please, not another "What do you think will happen?" thread.



Okay, let's go through this 1 more time: you can know all of the variables of a given situation, but that still does not guarantee you can predict the outcome.

 

at KWN the prices are always just about to go way up. they do have some good interviews in the audio section just for general information on PMs. take in info from all over is what I do. then think on your own.

 

Theoretically, no one makes profit from those claiming they know the future of silver either.

 

There are a number of "companies" that employ a scam strategy called "pump and dump". Basically, they own something such as a precious metal or stock, etc. and they would like to see the price rise so they can sell it.

They pump up the supposed value of owning the thing so they can dump it when it reaches a higher price.

Some of these companies seem very legitimate and do sometimes provide interesting commentary. This is not their real purpose, however.

The people who suffer are those who make purchases because of the touting of these "companies" as the price of the item goes up. However, when the price declines, the "investors" are often left in worse shape than before.

Just remember there is no known person alive who can accurately predict the future on a consistent basis. Predictions have very little value.

 

Let me make sure I understand you correctly...given all of the variables and consensus from past discussions on the topic...you believe that there is a 100% chance that silver IS going to outperform all other investments by 100 to 1 within the next 3.5 months and therefore everybody should convert all of their investments into physical silver? :yes:

 

My Ouija board says: Y - E - S.

 

Follow King World News for a few weeks, and you'll start to notice a certain... sameness to their articles.

While past performance is never a guarantee of future results, let's look at a couple of their past predictions:

July 15, 2011 -- when gold passes $1764, it "will start jumping $100 to $200 per day", with a maximum of "$10000 to $12500"; it passed $1764 about a month later, but didn't go much further.

Halloween 2011 -- silver to spike to $60-57, starting "within the next few weeks"; still waiting.

I know it's a sin to cherry-pick predictions from the past in either direction, but have a look at their archives yourself. It's all variations on "everything's about to explode/disintegrate, your ONLY HOPE is to BUY PRECIOUS METALS NOW!!!" If they continue to predict that prices will rise, they'll probably be right on occasion, by simple chance. But do they have some critical insight that the rest of the markets are missing? Apparently not.

 

Follow the Bullion Forum on CoinTalk for a few weeks, and you'll start to notice a certain... sameness to their posts.

Jim

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Well, I guess I continue the trend

Comex is an commodity exchange, they will not hold silver for delivery, unless someone holds contract for the delivery to the buyer, and then the silver is provided to the Comex by the seller, If the contracts are enacted, the silver just passes through the Comex.

Why are these silver inventory low? Because few are participating. PM are a hot item here on CT, but not as much in the real world. Why would this predict a change...Because it is the way of commodities and other financial instruments. Eventually a point will be reached when big buyers say, The possible reward is worth more than the possible risk, and the curve can change direction. How long, how much ? no one knows as unforeseen external events can affect drastically what I consider the big 3 factors.. (3). Supply/demand, (2)Fear , and (1)Greed.

In the same article, they point to the increased buying of gold by some central banks. If you go to the original article by the Gold Council, you will find that this occurred in the same quarter that gold saw a decline of 7% buying worldwide ( India and middle east was primary) The purchase by the central banks did not move the - 7% by much.

Did the King article above mention this decline of 7%???

Be wary my friends.

IMO, Jim