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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 07/22/2010 : 19:35:54
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Silver Heading for Price Crash to $9
Commodities / Gold and Silver 2010
Jul 12, 2010 - 06:21 AM
By: Ronald_Rosen
To put it mildly, more than a telescope will be needed to find the silver lining on the silver charts posted in this update..........
(see link)
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Think positive. |
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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 07/22/2010 : 19:54:16
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| No analysis, just a chart. I would love the buying opportunity, maybe he can predict gold to $300 a tr. oz. too. |
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Nickelless
Administrator
USA
5580 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/22/2010 : 20:06:12
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| Nine dollar silver and I would be taking delivery at the Comex if they still had it like last time. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Nickelless
Administrator
USA
5580 Posts |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/22/2010 : 21:10:16
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Isn't this Prechter's site? I believe he has been predicting a bear market since the late 80s. I'm sure his investors are thrilled.
In order to believe that silver is grossly overvalued you have to ignore a lot of facts:
1. The strong possibility that the silver market is manipulated. Instead of intelligently countering Butler's arguements all the author offers is a snarky comment
2. The growing number of industrial, medical and environmental uses for the shiny stuff.
3. The growing evidence that the Fed has and will continue to monetize the debt. Here is an interesting article on the subject:
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"There is quite a bit written about silver being manipulated. If there is any manipulation taking place it appears that Mother Nature is doing the manipulating. As the saying goes, “Don’t mess with Mother Nature.” I suggest we follow her lead. That means one more decline to below $8.40 an ounce."
Not sure what he means here. Is he saying that his charts are reality? In my experience charts are wrong close to half the time. Of course the charts predicted the 87 crash, the dot.com bubble and the housing bubble, but that was only in hindsight. Much like the claim that Nostradamus predicted 9/11.
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Edited by - theo on 07/22/2010 21:10:45 |
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rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 07/22/2010 : 22:06:40
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| well, the economy appears to be in a deflationary depression, so all assets should fall in value. I would be thrilled with a decline under $10 an ounce for Silver. That would be a great buying opportunity. I view silver as a long term investment and hedge. I am buying silver under $18 in small amounts; I would double that amount at half the price. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/23/2010 : 00:31:37
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quote:
Originally posted by rainsonme
well, the economy appears to be in a deflationary depression, so all assets should fall in value. I would be thrilled with a decline under $10 an ounce for Silver. That would be a great buying opportunity. I view silver as a long term investment and hedge. I am buying silver under $18 in small amounts; I would double that amount at half the price.
That would be true if the economy was allowed to recover on its own. Unfortunately the Government/Fed will use fiscal/monetary policy to stimulate the economy away from deflation and towards inflation. Having said that we still might get a few buying opportunities below 17. |
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Beau
Penny Pincher Member
216 Posts |
Posted - 07/23/2010 : 01:54:07
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yea the silver will go down to $9.00 so everyone send your silver to me.
WARNING: if you don`t sell to me you will be crying later.
I will have your money to you the day after I receive your silver.
I`am taking a chance to pay $9.00 since it will go to $7.50 later.
THANKS |
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rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 07/23/2010 : 07:19:06
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Mr. Theo, the central banks and governments are trying to inflate with everything imaginable, and some things unimaginable (like the fed buying it's own bonds it just issued) Maybe we end up in deflated prices, maybe we end up with inflated prices, almost certainly we have debased the fiat currencies. Then there are multiple war scenario's in the mid east and elsewhere. Great time to invest in silver and gold, anywhere between $7.50 and $25 an ounce for silver, in my very uninformed opinion. Scary time (for me) to rely entirely on stocks and cash in the bank. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/23/2010 : 11:49:56
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yeah, nothing solid or substantiated there in that article.
waste of the look it took. |
"May your percentages ever increase!" |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 07/23/2010 : 13:04:38
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| i hope it does go to 9 an ounce |
Inquiring minds want to know |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/23/2010 : 13:36:37
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quote:
Originally posted by daviscfad
i hope it does go to 9 an ounce
Why??? Do your really think you'd be able to buy any at that price? The premium for physical goes up commensurately as the phony paper price goes down. If silver drops to $9, you'll be lucky to find any to buy at $15... of course, that's if you're willing to pay first then wait eight weeks for delivery.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/23/2010 : 14:56:21
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When silver dropped to about $14.00, what, 13 months ago, No one would sell it to me at that price. The coin dealers simply refused to pull it out of their vaults. One long time friend and coin dealer also refused to sell at $14.00, said he had more into it than that. We agreed I would buy at $17.00. I bought all he would sell me, and that really was not that much. He had called around and everyone was out of silver.
So much for the "spot" being the holy of holies at benchmark price setting. When spot goes up, all the dealers squeal that is the price everyone must pay. When spot goes down, they say it's no good, you can't depend on that. |
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Jangles
Penny Sorter Member
31 Posts |
Posted - 07/23/2010 : 18:51:19
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quote:
Originally posted by beauanderos
quote:
Originally posted by daviscfad
i hope it does go to 9 an ounce
Why??? Do your really think you'd be able to buy any at that price? The premium for physical goes up commensurately as the phony paper price goes down. If silver drops to $9, you'll be lucky to find any to buy at $15... of course, that's if you're willing to pay first then wait eight weeks for delivery.
What happened in 2008 when it dropped that low, was it hard to get? Could it be found at that price? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/23/2010 : 19:00:31
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quote:
Originally posted by Jangles
quote:
Originally posted by beauanderos
quote:
Originally posted by daviscfad
i hope it does go to 9 an ounce
Why??? Do your really think you'd be able to buy any at that price? The premium for physical goes up commensurately as the phony paper price goes down. If silver drops to $9, you'll be lucky to find any to buy at $15... of course, that's if you're willing to pay first then wait eight weeks for delivery.
What happened in 2008 when it dropped that low, was it hard to get? Could it be found at that price?
Small bars or rounds were hard to come by and the premiums were high but not enough to hold on to their pre-cash prices. I was able to buy as many hundred ounce bars at a reasonable premium as wanted or could afford. I could get 1,000 ounce bars too if I had wanted them. It really was a small bar, round or silver eagle shortage and not a true physical silver shortage. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 07/23/2010 : 20:47:32
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There two little words that should send off warning bells in your head looking at this guys newsletter title i.e. "market timing"
THE ROSEN MARKET TIMING LETTER
Oh ya, right! Sure you can.... If you can time the market then why write a newsletter? Also, did you read his disclaimer:
Disclaimer: The contents of this letter represent the opinions of Ronald L. Rosen and Alistair Gilbert Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Ronald L. Rosen and Alistair Gilbert are not registered investment advisors. Information and analysis above are derived from sources and using methods believed to be reliable, but Ronald L. Rosen and Alistair Gilbert cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 07/23/2010 : 21:44:51
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| in 2008 when it was 9 an ounce i was buying maple leafs for 12 or less a piece. you will be ableto find it. 90 %did stay strong though when it was that low |
Inquiring minds want to know |
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misteroman
Administrator
USA
2565 Posts |
Posted - 07/23/2010 : 22:34:14
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| if silver goes below you will see me buying monster boxes.<---- In writing for proof!!!! |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Beau
Penny Pincher Member
216 Posts |
Posted - 07/24/2010 : 01:20:57
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Mistroman,
don`t be late, or you will be in line behind me! |
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fb101
Administrator
USA
2856 Posts |
Posted - 07/24/2010 : 08:25:46
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Ditto Here Beau.
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/24/2010 : 17:21:41
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| I know the big guys like APMEX hedge somehow, so they aren't hurt by massive price declines as they sell the silver that cost them more to place into inventory. But what about the little guys? The private mints? Will they just refuse all sales when they are losing money on every transaction? Will they honor the "melt" price and go under doing so? |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 07/24/2010 : 17:33:15
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| Silver at anything over $20 seems over-valued to me AT THIS TIME (the next few years may change that). Gold at $1200/oz does not phase me as much for some reason. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/24/2010 : 18:27:55
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quote:
Originally posted by AGgressive Metal
Silver at anything over $20 seems over-valued to me AT THIS TIME (the next few years may change that). Gold at $1200/oz does not phase me as much for some reason.
Would you be willing to sell me all your silver at $20 an ounce one year from now?  I'll buy an option  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 07/24/2010 : 20:55:13
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quote:
Originally posted by beauanderos
quote:
Originally posted by AGgressive Metal
Silver at anything over $20 seems over-valued to me AT THIS TIME (the next few years may change that). Gold at $1200/oz does not phase me as much for some reason.
Would you be willing to sell me all your silver at $20 an ounce one year from now? I'll buy an option
Haha, interesting proposition. I would never put ALL my silver on the block like that, but maybe a 10 ounce bar or two... |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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n/a
deleted
9 Posts |
Posted - 07/24/2010 : 23:13:43
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As nickelless mentioned, PM's at such a low lowel would have ridiculous markups, and there would be very, very low availability. Doesn't mean we can't dream, though...
I wish prices were where they were around 2000, when I bought most of my PM's. |
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Silver Heading for Price Crash to $9
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