Watch the price of silver!

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I dont know what happend but SVM went down early and stayed down most of the day but recovered to even late.

News must of improved.
 

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I dont know what happend but SVM went down early and stayed down most of the day but recovered to even late.

News must of improved.


Silver was taken down almost a buck before it came back up before the close.
 

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How do you guys think QE2 will affect the price of silver over the next few months?
 

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How do you guys think QE2 will affect the price of silver over the next few months?

Well since commodities including silver are still traded in the world's biggest monopoly money it has nowhere to go but up. Stay in us dollars and you'll lose purchasing power or get into silver and retain and grow (due to the rampant manipulation/short squeeze to come and then mania surely to follow) your money. Its pretty cut and dry.

When the masses (especially the wealthy ones) finally see that the US dollar is on the edge of the cliff where are they going to put their money? Nowhere else to go but gold and silver.



KWN Source Says Asians to Squeeze Silver Shorts

November 1, 2010

A King World News contact out of London has confirmed that, “Massive Asian buying is going to squeeze the shorts in the silver market. Any reactions in the price of silver will be heavily purchased, and these buyers will take delivery of physical silver.” The source who wishes to remain anonymous agreed with Eric Sprott that this squeeze could take the price of silver to $50 in a matter of months.

I have recently been discussing a coming commercial signal failure with John Embry, James Turk and Eric Sprott. As previously mentioned, this is an extremely rare event but when it occurs it is a sight to behold.

Right now, sentiment levels are nowhere near what we see at a top. Keep in mind that Rick Rule was recently discussing with KWN the possibility of future supply shortages in silver, and we are also not seeing the type of dealer activity that is suggestive of topping behavior. These factors are all supportive of a significant move higher in the price of silver.

While the price of silver on a short-term basis can gyrate, the important thing to be aware of right now is that these Asian buyers smell the kill. You can be assured that their intention is to put an incredible squeeze on the silver shorts before this is over.

On a side note, none of this is good news for JP Morgan or its CEO Jamie Dimon (pictured above).

Eric King

KingWorldNews.com
 

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Well, I think today answered my question!

Wow.....All commodities rocket upwards.

Silver goes up $1.60 today!!!!!!!!

How you been H Park?
 

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Well, I think today answered my question!

Wow.....All commodities rocket upwards.

Silver goes up $1.60 today!!!!!!!!

How you been H Park?


Silver ride just starting, in 1 year silver could be 100 bucks an ounce. I'd be surprised if it wasn't around 50 in 6 months.
 

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Big jump up today, then it got banged hard the other way.......seems very fishy! Gold too.
 

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Big jump up today, then it got banged hard the other way.......seems very fishy! Gold too.

Pulling out all the stops it seems. Don't expect silver to get under 25, should continue to 30 in short time.


Silver Margin Requirements to Change

CME Group, the operator of the New York Mercantile Exchange and Commodity Exchange (COMEX), on which silver futures contracts are traded, released a statement to clearing member firms, chief financial officers, back office managers, and margin managers notifying them of an increase in margin requirements “as per the normal review of market volatility to ensure adequate collateral coverage.”

Zero Hedge obtained a copy of the notice, which states that effective after the close of business on November 10, 2010, the maintenance margin requirement for COMEX 5000 Silver Trust Futures (SI) and COMEX 5000 Silver Trade at Settle (SIT) will increase from $5,000 to $6,500 per contract.

Speculation has arisen that this news is responsible for this afternoon’s significant negative reversal in the price of silver. While silver did tumble shortly before release of the CME’s notice, keep in mind that it had climbed considerably in recent weeks and may have anyways been due for at least a short-term correction. Nonetheless, the timing of the market’s response is somewhat suspicious.
 

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Back at 30 year highs today at over 29 dollars.

imo we'll see 50 dollars within 6 months.
 

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and of course the powers that be pound it back down below 30 again......
 

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Nothing goes up in a straight line. No need
For paranoia.

Cheers
 

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Back over 30 in a few days.

Comex default also on the horizon, that would be very interesting. Silver would go nuts.
 

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Im glad you guys are in. I believe we may see 38.00 silver before the end of Jan. Only 2 commodities have not broken their all time high. Silver and Sugar. As mentioned above the JP morgan naked short is about to explode along with the ETF's. Next year the general public will catch on. Get all the physical Silver you can. Rumor is that China is going to mint a Silver Panda coin and right now I hear that they are buying silver off the exchange under the radar. They are pushing their citizens to buy it running TV commercials encouraging them to do so. Its a shame this thread is still in political satire. It could have opened alot of eyes and protected alot of wealth on this forum.
 

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Im glad you guys are in. I believe we may see 38.00 silver before the end of Jan. Only 2 commodities have not broken their all time high. Silver and Sugar. As mentioned above the JP morgan naked short is about to explode along with the ETF's. Next year the general public will catch on. Get all the physical Silver you can. Rumor is that China is going to mint a Silver Panda coin and right now I hear that they are buying silver off the exchange under the radar. They are pushing their citizens to buy it running TV commercials encouraging them to do so. Its a shame this thread is still in political satire. It could have opened alot of eyes and protected alot of wealth on this forum.

Some people are so nieve and arrogant, and they will never believe whats going on.

In fact, most of the naysayers that jump in these threads screaming conspiracy, wacko, etc, have done no reading or researching on their own. They only know what they've been told or seen on tv. To my knowledge, I havent seen anyone screaming buy silver on corporate controlled TV!

People havent even bothered to look at the facts. Look at the DOW for the past decade and look at gold and silver. Look at whats going on in Europe. Look at whats going on here. It is just sad many have no clue.
 

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To my knowledge, I havent seen anyone screaming buy silver on corporate controlled TV!

True. But in all fairness you can't say you haven't been barraged by the "buy gold now" commercials. They are on every talk show on the AM dial from Randy Rhodes to Glen Beck. They are also on TV, but I am not sure to what extent.
 

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True. But in all fairness you can't say you haven't been barraged by the "buy gold now" commercials. They are on every talk show on the AM dial from Randy Rhodes to Glen Beck. They are also on TV, but I am not sure to what extent.

Yes, but the public is still selling their gold. None of them are buying gold. Its the brokers, and people who understand the current financial situation. I actually stopped in a place a few weeks ago to see what they would offer me and they lowballed me with $350, then went to $600. I had $1500 worth of gold! LOL.......these cash for gold guys have to be cleaning up on the uninformed public.
 

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Quick question- are you guys buying gold because you think that will be useful as currency after the financial apocalypse?
 

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31.00 now some analysts are predicting 50.00 by the end of Feb. I believe it can happen.
 

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31.00 now some analysts are predicting 50.00 by the end of Feb. I believe it can happen.

Barring issues with Comex/LBMA would be very surpised to see 50 in less then 2 months. Give it another 4-6 months and 50 should be on the doorstep.
 

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