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.
How do you guys think QE2 will affect the price of silver over the next few months?
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
Well, I think today answered my question!
Wow.....All commodities rocket upwards.
Silver goes up $1.60 today!!!!!!!!
How you been H Park?
Big jump up today, then it got banged hard the other way.......seems very fishy! Gold too.
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.
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.
31.00 now some analysts are predicting 50.00 by the end of Feb. I believe it can happen.