Official Silver Thread....... Margin Hikes again?

General » General Discussion

Site Notices

[ARCHIVED THREAD] - Official Silver Thread....... Margin Hikes again? (Page 1 of 46)

Posted: 4/15/2011 1:51:56 PM EDT

There are lots and lots of silver threads. I am hoping I can make this the official thread.

10/15/10 $24.33
11/15/10 $27.75
12/15/10 $28.85
1/14/11 $28.51
2/15/11 $30.81
3/15/11 $34.34
4/15/11 $42.98
Price 4/20/11 45.06

4/21/11 $46.00
4/22/11 47.56
4/24/11 47.83
4/25/11 $46.95
4/26/11 $45.44
4/27/11 $47.91

5/3/11 41.62
5/6/11 35.60
5/9/11 37.70
5/18/11 35.05
5/20/11 35.12
5/23/11 35.29
5/24/11 36.65
5/25/11 37.80
5/31/11 38.52
5/31/11 36.27

8/02/11 40.87

Who to Buy from:
APMEX very high quality and they will buy back from you low shipping
Gainesville Coins lower cost then apmex..must wire
Tulving I have never bought from them but people say they are good
Bullion Direct some suggest here

Excellent blogs on silver
tfmetalsreport he called the bottom in february and updates many times a day.. Best source on silver out there imo
silvergoldsilver some moonbat, but some excellent nuggets of info
harveyorgan very proffesional and all about the fundementals
Kitco Silver Forum.. great info here

Source for questions on silver
inflation.us

Good site for getting the price of your junk silver and coin = http://www.coinflation.com

Notable Silver Bulls

Peter Schiff............ http://www.peter-schiff.com/

Marc Faber........... http://new.gloomboomdoom.com/portalgbd/homegbd.cfm

Jim Rodgers........... http://jimrogers-investments.blogspot.com/

Max Keiser........... http://maxkeiser.com/ started the Buy Silver Crash JP Morgan movement (max is also a lefty :/)

Robert Kiyosaki.....http://en.wikipedia.org/wiki/Robert_Kiyosaki famous for his Rich Dad poor Dad books

Michael Maloney........http://wealthcycles.com/
The fundamentals (work in process)
China has gone from net exporter to net importer

Silver industrial demand increase

Above ground silver supplies are at record lows

US production of Silver trending down
According to the Silver Institute the United States produced:
2009 = 39.8 million ounces
2010 = 38.6 million ounces
2011 = 33-35 million ounces?
If we look at the past year in US silver production:
JAN 2010 = 113,000 kgs
FEB 2010 = 92,000 kgs.
MAR 2010 = 116,000 kgs.
APR 2010 = 110,000 kgs.
MAY 2010 = 105,000 kgs.
JUN 2010 = 102,000 kgs.
JUL 2010 = 105,000 kgs.
AUG 2010 = 104,000 kgs.
SEP 2010 = 102,000 kgs.
OCT 2010 = 115,000 kgs.
NOV 2010 = 91,000 kgs.
DEC 2010 = 98,700 kgs.
––––––––––––––––––––––––-
JAN 2011 = 94,100 kgs.
As
you can see in the past 3 months silver production has fallen below
100,000 kgs. JAN 2011 compared to 2010 was almost 18,900 kgs. less or
17%. If this keeps up we could see 33-35 million ounces
in 2011 US Silver production.

This bull market vs the silver bubble of 1980?

great article
http://news.silverseek.com/SilverSeek/1303845458.php

Fed Money supply

Silver vs the dollar

look at how small SLV is compared to these other big names. See how little funds it would take to skyrocket SLV?

Silver youtube bloggers

These guys chart silver daily and will give you heads up as to what is going on

endlessmountain

http://www.youtube.com/user/endlessmountain

brotherjohnf
http://www.youtube.com/user/BrotherJohnF

P.S SILVER IS VERY VOLITILE, MAKE SURE YOU UNDERSTAND THE RISKS BEFORE PUTTING YOUR MONEY IN ANY INVESTMENT, NOTHING I POST IS INVESTMENT ADVICE, and solely my opinion or that of those links, and data I post to.

Posted: 4/15/2011 1:58:33 PM EDT

[#1]

How many "Official Silver" threads have we had this week?

I'm not a naysayer on precious metals or even commodities in general. Simply put; the prices of any commodities vary inversly with the value of the purchasing currencies. But as long as Tax-Cheat Timmy Geitner and Barry Soetoro keep the printing presses running, EVERY DAY will see the "highest price".

Now, if I could just explain this to my lib-tard wife. No dammit, I am NOT selling today!

Posted: 4/15/2011 1:59:52 PM EDT

[#2]

Thanks.

I literally had a store owner tell me "I dont want to sell you any more silver coins (ASE's), it is put away and will not be out for a while"

Then he tried to sell me on some shifty looking junk silver.

Posted: 4/15/2011 2:00:42 PM EDT

[#3]

Why in the hell do we need an offical thread? Everyone else who has a question will still start their own thread. So why bother making a whole new thread yet again?

Posted: 4/15/2011 2:01:40 PM EDT

[#4]

I'm in ...

Currently long on SLW stock, up over 80% since I bought it late last year.

Another good site is http://www.coinflation.com to see just now much the pre-1964 dimes, quarters, etc. are worth...along with the true copper pennies that are worth much more than a penny (melt value). Pennies now are made out of zinc, not copper.

Posted: 4/15/2011 2:02:15 PM EDT

[#5]

Quoted:

Why in the hell do we need an offical thread? Everyone else who has a question will still start their own thread. So why bother making a whole new thread yet again?

Because this is the "official" thread.

Posted: 4/15/2011 2:05:13 PM EDT

[#6]

racing towards $43, 44, 54, 64, 87––––––––––-> higher

Posted: 4/15/2011 2:06:10 PM EDT

[#7]

Quoted:

I'm in ...

Currently long on SLW stock, up over 80% since I bought it late last year.

Another good site is http://www.coinflation.com to see just now much the pre-1964 dimes, quarters, etc. are worth...along with the true copper pennies that are worth much more than a penny (melt value). Pennies now are made out of zinc, not copper.

thanks.. added it.

Posted: 4/15/2011 2:06:32 PM EDT

[#8]

In before the "it's a bubble" crowd???

Posted: 4/15/2011 2:15:09 PM EDT

[#9]

Quoted:

Quoted:

I'm in ...

Currently long on SLW stock, up over 80% since I bought it late last year.

Another good site is http://www.coinflation.com to see just now much the pre-1964 dimes, quarters, etc. are worth...along with the true copper pennies that are worth much more than a penny (melt value). Pennies now are made out of zinc, not copper.

thanks.. added it.

Bookmarked it on my phone in case a screaming deal comes.

I'm always hesitant about junk silver.

Like the aforementioned dealer wanted to sell me on a bunch of these

http://colnect.com/en/coins/coin/7327-2_Sheqalim-Israel

Posted: 4/15/2011 2:25:41 PM EDT

[#10]

Just wish I've would have gotten more last year

Posted: 4/15/2011 2:34:42 PM EDT

[#11]

As fiat money loses value, pm's will get pricier

Txl

Posted: 4/15/2011 2:36:40 PM EDT

[#12]

I'll do Tulving if it's a really big purchase, otherwise I'm doing business with BullionDirect.com. Have had zero hassles with them and they have an open market that anyone can use to trade silver.

Posted: 4/15/2011 2:38:58 PM EDT

[#13]

Quoted:

In before the "it's a bubble" crowd???

It is a bubble; it's just that it won't pop until we change our current monetary policies.

ETA: So as long as Obama is in the White House, all precious metals will continue to skyrocket.

Posted: 4/15/2011 5:31:41 PM EDT

[#14]

about to break $43.... $42.98 Huzzah

Posted: 4/16/2011 12:57:33 AM EDT

[#15]

http://inflation.us/silvertruth.html

Keep in mind, silver's high of $49.45 per ounce in 1980 would equal
about $140 per ounce in today's dollars adjusted to the consumer price
index and about $400 per ounce in today's dollars adjusted to the real
rate of price inflation. Despite silver's huge gains in recent months,
we have yet to see silver rise by $2 or more in a single day. When we
start to see a true "silver mania" with investors around the world
rushing out of their U.S. dollars and panic buying silver, we expect to
see silver gain by $5 to $10 in a single day on more than one occasion.

Posted: 4/17/2011 2:41:56 PM EDT

[#16]

after each correction, silver gets more and more parabolic

Posted: 4/17/2011 2:55:59 PM EDT

[#17]

http://tfmetalsreport.blogspot.com/

Great resource for you, though your last chart looks somewhat familiar.

Posted: 4/17/2011 2:58:07 PM EDT

[#18]

What are the symbols for PM's?

Posted: 4/17/2011 3:01:10 PM EDT

[#19]

In 1979 and the first month of 1980 I had Twenty 5000 ounce silver contracts.

At one point of the upward spiral I had a lot of money on paper.

I bought extremely low and as a result I still made money, not the millions I had on paper but I made a new car off the deal.

Every penny silver moves up or down on one 5000 contract = $50.00 profit or loss, big money in futures, big risk too.

So every penny silver moved I made or lost $1000.00

That was the last big risk I took until I bought a Go-Go Bar in jersey.

Posted: 4/17/2011 3:02:23 PM EDT

[#20]

Most of the sites I use for info have already been posted...kitco is my go-to site for up to date spot prices. Cant beleive we are sitting at $43+ for Silver...anyone that told me that ten years ago would have been laughed at.

One thing is certain...a lot of people are putting a lot of faith (capital) into the silver market.
They cant all be gullible...some of them probably have a clue...and some of them probably have a lot more information than is publically available on the internet.

Posted: 4/17/2011 3:09:23 PM EDT

[#21]

Quoted:

Quoted:
Why in the hell do we need an offical thread? Everyone else who has a question will still start their own thread. So why bother making a whole new thread yet again?

Because this is the "official" thread.

No its not.

Posted: 4/17/2011 3:17:22 PM EDT

[#22]

Quoted:

Quoted:

Why in the hell do we need an offical thread? Everyone else who has a question will still start their own thread. So why bother making a whole new thread yet again?

Because this is the "official" thread.

No its not.

Yes it is.

Posted: 4/17/2011 4:28:38 PM EDT

[#23]

Quoted:

http://tfmetalsreport.blogspot.com/

Great resource for you, though your last chart looks somewhat familiar.

been following Mr Ferguson since jan. great great resource

Posted: 4/17/2011 4:33:03 PM EDT

[#24]

This surprises the hell out of me. I can understand why gold or platinum would soar, but silver?

As a currency reserve, it's not so good because it's so cheap. Storage costs for massive amounts of silver are much higher than they would be for the same value of gold.

Industrial applications? There's a lot for platinum and gold, not so much for silver now that photography's done digitally now.

I never thought silver would rise to $40/oz. I guess skepticism about the value of the dollar must be profound and widespread.

Posted: 4/17/2011 4:36:20 PM EDT

[#25]

Quoted:

In 1979 and the first month of 1980 I had Twenty 5000 ounce silver contracts.

At one point of the upward spiral I had a lot of money on paper.

I bought extremely low and as a result I still made money, not the millions I had on paper but I made a new car off the deal.

Every penny silver moves up or down on one 5000 contract = $50.00 profit or loss, big money in futures, big risk too.

So every penny silver moved I made or lost $1000.00

That was the last big risk I took until I bought a Go-Go Bar in jersey.

I remember getting a really heavy package in the mail when I was a 6 year old kid in 1980. It wasn't a big package, about the size of a big radio alarm clock, but it was heavy as hell. It was silver bullion my dad bought at the top of the silver bubble in 1980.

Posted: 4/17/2011 4:36:43 PM EDT

[#26]

Quoted:

This surprises the hell out of me. I can understand why gold or platinum would soar, but silver?

As a currency reserve, it's not so good because it's so cheap. Storage costs for massive amounts of silver are much higher than they would be for the same value of gold.

Industrial applications? There's a lot for platinum and gold, not so much for silver now that photography's done digitally now.

I never thought silver would rise to $40/oz. I guess skepticism about the value of the dollar must be profound and widespread.

There are still lots of industrial applications.

But I think in our current case it has become poor man's gold.
Interest rates are still at zero. We might have to wait another 18-24 months, but rates will go up. It will be interesting to see what happens to PMs then.

Posted: 4/17/2011 4:39:13 PM EDT

[#27]

Silver tag.

Posted: 4/18/2011 12:45:20 AM EDT

[#28]

Quoted:

This surprises the hell out of me. I can understand why gold or platinum would soar, but silver?

As a currency reserve, it's not so good because it's so cheap. Storage costs for massive amounts of silver are much higher than they would be for the same value of gold.

Industrial applications? There's a lot for platinum and gold, not so much for silver now that photography's done digitally now.

I never thought silver would rise to $40/oz. I guess skepticism about the value of the dollar must be profound and widespread.

Industrial demands are way higher then the old silver for photography days. Whats especially unique about silver in industry is that its used in such small volumes that it is not reclaimed.

http://www.silverinstitute.org/silver_uses.php

Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.

Why is this indispensable metal in such demand? The reasons are simple. Silver has a number of unique properties including its strength, malleability and ductility, its electrical and thermal conductivity, its sensitivity to and high reflectance of light and the ability to endure extreme temperature ranges. Silver’s unique properties restrict its substitution in most applications. Choose from the following list to learn more about some of the various applications of silver:

Traditional

Coinage

Photography

Silver Jewelry

Silverware and Table Settings

Industrial

Batteries

Bearings

Brazing and Soldering

Catalysts

Electronics

Emerging

Medical Applications

Mirrors & Coatings

Solar Energy

Water Purification

Posted: 4/18/2011 12:54:22 AM EDT

[#29]

Quoted:

Quoted:

This surprises the hell out of me. I can understand why gold or platinum would soar, but silver?

As a currency reserve, it's not so good because it's so cheap. Storage costs for massive amounts of silver are much higher than they would be for the same value of gold.

Industrial applications? There's a lot for platinum and gold, not so much for silver now that photography's done digitally now.

I never thought silver would rise to $40/oz. I guess skepticism about the value of the dollar must be profound and widespread.

Industrial demands are way higher then the old silver for photography days. Whats especially unique about silver in industry is that its used in such small volumes that it is not reclaimed.
http://www.marketoracle.co.uk/images/2011/Feb/stall_february212011_1.gif

http://www.silverinstitute.org/silver_uses.php

Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.

Why is this indispensable metal in such demand? The reasons are simple. Silver has a number of unique properties including its strength, malleability and ductility, its electrical and thermal conductivity, its sensitivity to and high reflectance of light and the ability to endure extreme temperature ranges. Silver’s unique properties restrict its substitution in most applications. Choose from the following list to learn more about some of the various applications of silver:

Traditional

Coinage

Photography

Silver Jewelry

Silverware and Table Settings

Industrial

Batteries

Bearings

Brazing and Soldering

Catalysts

Electronics

Emerging

Medical Applications

Mirrors & Coatings

Solar Energy

Water Purification

Isn't it also the case that a lot of the silver applications change it to a state (compound?) that makes it very difficult to recover the silver back?

Posted: 4/18/2011 1:04:36 AM EDT

[#30]

Quoted:

What are the symbols for PM's?

Symbols for PMs can get very complicated.. Are we talking, trusts, ETFs, just trying to get spot pricing etc?

Silver (ETF) = SLV

PSLV = the sprott physical silver fund

Gold = big mess of options

Posted: 4/18/2011 1:17:14 AM EDT

[#31]

Quoted:

Quoted:

This surprises the hell out of me. I can understand why gold or platinum would soar, but silver?

As a currency reserve, it's not so good because it's so cheap. Storage costs for massive amounts of silver are much higher than they would be for the same value of gold.

Industrial applications? There's a lot for platinum and gold, not so much for silver now that photography's done digitally now.

I never thought silver would rise to $40/oz. I guess skepticism about the value of the dollar must be profound and widespread.

Industrial demands are way higher then the old silver for photography days. Whats especially unique about silver in industry is that its used in such small volumes that it is not reclaimed.
http://www.marketoracle.co.uk/images/2011/Feb/stall_february212011_1.gif

http://www.silverinstitute.org/silver_uses.php

Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.

Why is this indispensable metal in such demand? The reasons are simple. Silver has a number of unique properties including its strength, malleability and ductility, its electrical and thermal conductivity, its sensitivity to and high reflectance of light and the ability to endure extreme temperature ranges. Silver’s unique properties restrict its substitution in most applications. Choose from the following list to learn more about some of the various applications of silver:

Traditional

Coinage

Photography

Silver Jewelry

Silverware and Table Settings

Industrial

Batteries

Bearings

Brazing and Soldering

Catalysts

Electronics

Emerging

Medical Applications

Mirrors & Coatings

Solar Energy

Water Purification

Isn't it also the case that a lot of the silver applications change it to a state (compound?) that makes it very difficult to recover the silver back?

I really cant speak to the chemistry, though i recall toxcity being a problem. it also is often used in such small amounts such as embedded in a tshirt to kill bacteria. non recoverable but used in tiny amounts per unit, making even high costs not cost prohibitive.

It is said thay silver is more rare then gold and has many more uses.

Posted: 4/19/2011 3:26:51 PM EDT

[#32]

just broke $44

Posted: 4/19/2011 3:34:03 PM EDT

[#33]

Posted: 4/19/2011 3:35:54 PM EDT

[#34]

What a lot of people didn't realise was that silver photography had a 98% recovery rate.

When photography was the largest industrial consumer it was also the largest source of supply.

Photography going digital had almost zero effect on supply/demand.

Posted: 4/19/2011 3:45:58 PM EDT

[#35]

Quoted:

Interest rates are still at zero. We might have to wait another 18-24 months, but rates will go up. It will be interesting to see what happens to PMs then.

Yep, when the fed stops doing QE because of all of the inflation it's causing I think you will see interest rates start to climb. I think that's the signal to get out of PMs and you will see all commodities take a hit.

BTW, this is a really great site for getting a picture of commodity prices: http://finviz.com/futures.ashx

Posted: 4/19/2011 3:46:41 PM EDT

[#36]

APMEX is BUYING silver Eagles for over $46!

SssWwweeeett!

Posted: 4/19/2011 3:49:10 PM EDT

[#37]

Quoted:
APMEX is BUYING silver Eagles for over $46!

SssWwweeeett!

Buying?

Posted: 4/19/2011 3:50:08 PM EDT

[#38]

44.15

Posted: 4/19/2011 3:52:20 PM EDT

[#39]

Quoted:
44.15

DAY 1

Posted: 4/19/2011 4:02:16 PM EDT

[#40]

Watching

Posted: 4/19/2011 4:03:46 PM EDT

[#41]

Quoted:

Quoted:
APMEX is BUYING silver Eagles for over $46!

SssWwweeeett!

Buying?

yeah, there is always a premium. the mint charges to make these coins...

so, they buy at 46, and sell at about 51

TXL

Posted: 4/19/2011 5:13:21 PM EDT

[#42]

Quoted:

Quoted:

Interest rates are still at zero. We might have to wait another 18-24 months, but rates will go up. It will be interesting to see what happens to PMs then.

Yep, when the fed stops doing QE because of all of the inflation it's causing I think you will see interest rates start to climb. I think that's the signal to get out of PMs and you will see all commodities take a hit.

BTW, this is a really great site for getting a picture of commodity prices: http://finviz.com/futures.ashx

interest rates can not rise like they did in the 80's, if they do our government will default on its debt. Also QE can not stop for anything length of time, somone must buy our debt and their are not enough takers to fill the gap that will be left by the Fed ending it.

Posted: 4/19/2011 5:16:40 PM EDT

[#43]

I thought I was buying super high at $22/oz....

Posted: 4/19/2011 5:28:15 PM EDT

[#44]

Quoted:

Quoted:

Interest rates are still at zero. We might have to wait another 18-24 months, but rates will go up. It will be interesting to see what happens to PMs then.

Yep, when the fed stops doing QE because of all of the inflation it's causing I think you will see interest rates start to climb. I think that's the signal to get out of PMs and you will see all commodities take a hit.

BTW, this is a really great site for getting a picture of commodity prices: http://finviz.com/futures.ashx

interest rates can not rise like they did in the 80's, if they do our government will default on its debt. Also QE can not stop for anything length of time, somone must buy our debt and their are not enough takers to fill the gap that will be left by the Fed ending it.

I understand that, but the government and the fed are stuck between a rock and a hard place. They keep up QE and inflation continues and gets worse. Sooner or later nobody can afford to drive or eat. This means that sooner or later we will get civil unrest.

So, they have a choice: stop QE and let commodities drop in price and default on the debt, or keep up QE and run a major risk of civil unrest.

Personally, I think they eventually decide to stop QE because they fear civil unrest more than default. As long as the population stays pacified they remain in power.

ETA: Not to mention the S&P threat to downgrade yesterday. I think that is a shot across the bow to the fed to stop QE.

Posted: 4/19/2011 5:35:58 PM EDT

[#45]

Screw the "official" thread. If people don't get it by now and see where we are headed they never will. Hell, for those who have been sleeping over the years, they could STILL buy and either have a great ROI. Silver isnt stopping any time soon.