@paxout It was over $47 recently, you missed your chance to sell. Now you have an asset class that no one wants. At some point it will recover. but for now there are better places to put the money... like short the emerging markets
Hong Kong Commodity Exchange, HKMex just launches and they will trade silver with physical delivery as early as July! The Asians are saying "screw you! If you guys don't want your gold and silver, give them to us! We'll set our own price motherfxxkers!"
Read more about HKmex here:
picanada(dot)org
(this is not a spam! I just want to spread the news as fast as possible and don't miss any buying opportunities good luck)
@He101A I hear you but silver is not just a commodity. It is first and foremost real money and so this must be factored into your reasoning. Gold and silver are the only true form of real money according to the Constitution of the United States and according to the Bible as well. It is our government who has gone blatantly against these sacred documents in order to steal wealth from the people. They can only manipulate the prices for so long before their house of cards comes crashing down.
@He101A Their manipulation can only go so far, and even with this manipulated correction I'll put up a comparison on what I've made in silver over the last 3 years with what you've made in your dollar savings.
@hstone39 Thats not the way things work. When houses were becomeing more and more expencive people were buying houses. Now that houses are loosing value no one is buying. Same works with silver but if it sinks to $4.00 an OZ I sugest you do buy.
Bread is almost $5 a loaf, Gas is $4 a gallon, Coffee cans are the same price but the cans are getting smaller: example 9.5oz can now, from 11.5 oz can from 14 oz can that was 16 oz can a few years ago. WHy should gold/silver go up everything else is going up except the pay check.
Absolutely right. Minitrue is masking the devistation of our middle class jobs market. Even the hi-tech jobs are paying much less than they used to due to the coolie labor that they've now thrown at it.
The "all time high" of people who WANT a job... I assume that's a raw number? Do you know what happens with it adjusted for population growth?
Also, I got caught drinking the kool-aid and bought silver at $43 on Tuesday (I figured an $8 intra-day drop was a good enough move down... It's starting to look like $35 is a stable floor though... for now.
This was just a foretaste of the main deflationary collapse. Silver is still way overpriced at $35. At $20 I might consider buying. But likely to fall under $10 imo.
@waldentree no way inflation will bring it back up monday it was around 31 its saturday 4 dollar jump in a week.they are getting their asses kicked 5 margin hikes in 2wks never has this happened before thats their way of trying to stay in the game.
god damn dude, i've heard you say some pretty fucking stupid shit over the last couple years but saying that the gold to silver ratio will be 1:1. That has to be the dumbest fucking thing I've ever ever heard anyone ever say in regarding to precious metals. Are you high on crack cocaine?? I mean seriousley do you have a mental problem??? Did someone pay you off to say that or are you just so fucking stupid from the shit between your ears?????
@rudemood2011 Do you have any clue of the fundamentals of silver? Do you understand the market? Do some research before you start cursing and ranting. In only 20 years silver consumption has skyrocketed and depleted above ground supply to almost nothing. The 300 million US population has been the main consumers. Now we are looking at an additional 2 BILLION Asians starting to consume themselves. A 1:1 ratio is incredibly possible. Open your eyes friend.
@Writinit damn they hit us right on the chin piece it hurt but i took it with a smile and bought 50 more oz at 33 thanks jp morgue! ask them how that stinging double jab to the eye feels!
@toppgunn2232 Remember, you can not beat the big banks at their game. It would be tantamount to walking into a casino and doubling down on every table and winning. One way or another, JPM will win. It's their casino.
I think the rising OI in the face of a smashing low price is of importance. People were wiling to open new contracts is the likely answer. Some could be related to spreads but there was a large increase in OI in relation to the price drop. 6500 contracts at CRIMEX and 76,000 OI for May and 130k OI overall. Even 5000 contracts standing in July plus options exercised next month could be it.
It's simple for those of you who don't "get it." Look at a long term chart of gold and silver. By long term I mean decades. If you can't read or see the pattern, you have no business investing in anything anyways. This last year or two may be your last chance to buy cheap, for the rest of your life. Game over.
They just raisede the margin on silver...that tell me that they are affraid of silver. It tells me that silver is good, but physical. Asia do not buy the paper fraud they are accummulating physical, Westerners' do the same thing!!!!!!
I was down 50K with the recent raid in two days. I knew the raid will last for another few days so I had to short as well. I recovered 38K, now 85% cashed out. I still have all my mining shares. There will be a bit of a bounce (dead-cat-bounce) for the next couple of trading days, but will head down further. Based on the technicals and lack of money flows, these bastards are planning to bring silver down to $25-26, possible. I hope I'm wrong because it's screaming buy!
@codematrix Don't hope you're wrong. That would be great. What a buying opportunity at $25 an ounce! We know silver will break $50 and go higher. Bernanke and the government are seeing sure to that. What we don't know is when. All my silver is for long term, not short term living expenses. The lower it goes, the better. That makes for a much bigger profit when I cash it out. High prices are great on the day I sell. Until then, I want as low as possible. High prices now mean nothing.
I can currenty buy silver at 27 $ an ounce. This is high quality physical silver for delivery.
Industry was until recently paying almost 50 $ an ounce for physical silver delivered to them. It is now possible to buy silver a lot cheeper than the spot price. So there has lately been a lot of down-melting of silver coins and silver in general for industrial use.
The spot price has been forced up by speculators, physical silver is still only 27 $ an ounce. But the price is rising ;-)
No worries...this is just a sale. I took advantage. Pull backs like these will just increase profits later. Let me go as far as to say forget potential profits , instead look at this as increasing your ability to have some financial stability. I'm invested 100% in tangibles. Metals and real estate. I view my rentals as much less liquid and higher risk than metals. At least for now and well into the future.
Yup! I started buying Silver when it was sitting at $11. Hehehe....Most of my stack was purchase when silver was in the teens. I slow down my purchases when it goes up quickly, and I speed up my purchases anytime it takes more than a two dollar beating.
Daniel - Thanks as always...I love your vieos. I particularly like watching you strike back (with facts and fundamentals about silver) against the misinformed clowns who have given you so much grief. Well done. Keep up the great work.
what would happen if the price did get to $100, and then it did become economical to dig down a whole lot further, how do we really know how much silver is right down there.
Why do you guys complain all the time? Just start new ventures and make money. I am sure most Americans are capable to employ themselves other than McDonalds. Engineers, make new inventions, doctors, do more operations etc.
inflation/deflation debate is a red herring. What matters is the relation of real assets vs real money. Everything else is noise. Thank you for your work, sir.
Yep, they know history and essentially pulled the same game as was done back in 1980. Not only do they know the technical side, but also the human part of this Money War. They are very good at what they do as they are professionals, battle hardened troops, Centurions of the Market, and we are merely the greenhorns of the opposing side. The average broker cannot appreciate the sophistication, cunning and ruthlessness behind the scenes. We now know what it means to be under fire.
I concur with your assessment that the Au/Ag ratio will drop to single digits. Are you SURE about the 1 billion ounces for Silver? Burger flippers are considered manufacturing jobs. We have just added to our manufacturing base.
Dan, The CME had to do something before a giant bubble was created. They should have been doing it all along rather than all at once. This keeps the pump and dump under control from the speculators. Silver will be just fine. Keep in mind the banksters invented pump and dump so the CME for once did something right. We still have plenty of bull run on silver left.
I give up. How? How does the DOW go to 16,000 while what? oh yeah while commodities are going down cheaper commodities allow the companies on the dow to have lower operating costs. I'm sure that is beside the point. Just kickin' some dirt on the ump's shoes metaphorically speaking that is. How about that Silver man oh man I lost 20 grand....ON PAPER...when the comex defaults that is probably when the SS wil come in and mow down the daytraders and I'm only half joking about that. Really.
hey, VV, as Mike Maloney point out, I afraid that this year will be a year for finishing dead cat bounce. meaning that deflation happen. and the government over react and move us to hyper inflation. look at the Chinese housing market, it is about to burst. this will trigger the market collapse. and force people to sell their gold and silver like 2008. even I do not think gold and silver will not go as low as what happened in 2008. I do think this can happen. let me know how you think. thanks
my coworker says that silver is a bubble and it will fall to seventeen dollars an ounce by the end of the month. he also believes everything the potus or pos says. go figure.
@texture6 Do you think that the down turn will continue with the Hong Kong sunday open or do you think it bottomed out at $33.05 and is on its way back up from current $35.62?
What is this guy talking about, "no headlines regarding silver going all the way to $50"??? ummm... it was on the business news programs DAILY, and even here in Toronto, we have this guy who is well known on commercials called 'Oliver Jewelery" who has always proclaimed himself to be a big gold buyer, and actually changed by asking for Silver, even going so far as painting himself Silver .. your in a different world bud, the bubble had many signs it was there...
LOVED the New vid, National Debt Crisis, I shared and told ZeroHedge. com about it. Tips@zerohedge. org, you should email them daniel, they will love your video.
We agreed with you! You are very smart, silver is going to go very high.. We are so curious why people in the stablisment want to knock silver so desperately.
This is just market manipulation to create the perception that silver is in a down trend in order to contrast the decisions that will be made during this years Bilderberg meeting. The real leading indicator this time was oil prices and its exactly what will be in the notes from Bilderberg.
I bought some on Tuesday at $41.24 an ounce because I didn't think it'd go much lower. But it ended up going down to $34 something an ounce. So ya, I lost a bit but in the long run I know it won't matter much. If it goes down to $30 or less, I'll definitely be buying some more.
btw, do you think $35 is the bottom of this dip? im thinking of buying this weekend, I'm a novice so should I buy now or give it this week to wait and see if it drops a few more bucks?
@eduardoobregon Let me know if anyone answers your question here as I too am new to buying physical precious metals and would like to know whether or not I should buy now or wait to see what happens when Hong Kong opens its market again on sunday. Can anyone really say though if the down trend is over for silver, has it really bottomed out at $33.05 and is now on its way back up?
@stephanwolf I hope to see just a little lower price, the next support level is around 31. Watch brotherJohnFs' channel. I was being sarcastic about the CME raising margins again, they may as well do it every other day at this rate.
I'm finding that most silver bugs are whiney bitches... LOL no offense just based on what I've been reading the past fews days. Good lord I think you people need a few days off from reading a chart. LOL I am heavy silver and I am not sweating.
You ain't looking at any fundamental of any value if you don't look at the fundamental of fundamentals which is that gold does not tarnish and will always have a far better store of value and medium of exchange property than silver because of these INTRINSIC values that has made it the metal of choice for the past 5000 YEARS
I hope you lost a shitload of money for doing evil and saying to your viewership that silver would be worth more than gold. That would equal justice. I hope your loser viewer that wanted me to get fucked by a black penis experiences jail within the next 24 hours
@kroovyandcal The gold to silver ratio gets to 16 to 1, it's time to shift part of your silver to gold. Before then, silver is going to out perform gold. By the way, I've been to jail and black penis aint to bad!!!
I bought all of my silver back in 2009 for around $15 per oz. Havent bought any since, but with these huge drops, I'm going to buy on Monday after the final margin increase. I hope silver drop another 3 or 4 bucks. Im absolutely drooling that I am going to get more silver at these cheap prices because we all know its going back to $50 soon!
@peilthetraveler I'm doing the same thing, of course no guarantees it will fall further. If it does, great! If it doesn't, I'm still going to buy more. Low silver prices are awesome. I don't want them going higher until the collapse. I mourn when the price climbs, that's no reason for joy. Now it costs more to get more.
@alita589 Depends. Do you need the money any time soon? Bad play. Is it for long term? Excellent play. I bought silver at $18 an ounce. Lots of it. It fell to $9 an ounce. I wasn't upset. I was happy. I could buy more. I knew the end game. Short term you might take a beating. Long term you are a huge winner.
Deflationary head fake is right. The silver correction is good. I'm hoping the consumer products producers got the head fake and consumers jump on any deflation priced products they need before inflation begins to eat us alive. Thanks Vision.
I guess they got to shaking the tree to see which scared E Cats were going to fall out. I bought a few at the top. Don't care cuz I got mine as I exited the Matrix. No worries everyone. Daniel has been around for a long time now. Thank you Daniel for teaching Economics 1A and 1B. I was a very good student.
The silver haters still treat paper silver and physical as one in the same. They don't get it through their thick skulls that there is a 100:1 paper silver to physical silver ratio. Jeffrey Christian a Bankster shill even admitted so in the May 2011 CFTC hearing. This explains it all, nuff said, and one need not be a rocket scientist to connect all the dots starting from there.
Dont plan on getting rich with silver. Huge potential with silvers fundamentals and all, but if we dont lose any savings and make some gains in the future how can you complain. Good luck everyone and think long term.
I got in at 37 dollars an ounce i bought at fifty i baught at the dip. My average is now 39 an ounce. This CDN currency. I am 23 never invested in anything before. I AM NOT WORRIED lol. Ill just add more
Now, to those who think they are playing it safe to "Diversify"....
If doing the basket of stocks or mutual fund gambit is now your safe approach, you may consider what Mr. Faber who was quoted recently analyzing the stock market to which >>> it has depreciated 90% in terms of PM's <<<
If the Dow busts 16000 so what, where is that in terms of PM's again. As we all know here following PM's, they simply cannot print AU and AG, but Printing they are Masters.
definitely not manipulation, this thing rose FAST! This is a much needed healthy correction. you should all be celebrating that it is so cheap. BUY MORE!
This is probably the last reprieve before everything shoots through the roof...now that Daniel reminds us on the video that he sees no way that they will not continue quantitative easing in some fashion...it seems that they're going for broke here..hype the supposed tame #s, torpedo commodities (esp silver), have everyone drink from the same koolaid that the economy will be self-sustaining and QE is not necessary, ETC....they may realize that this is their last chance to exit their short silver
@fredguen CONT -- their short silver positions gracefully and with the least damage as possible realizing that once the cat's out of the bag and more and even higher levels of debt monetization becomes the story then the dollar will be perceived as "worthless" even more so than it is today and massive inflation will ensue...at which point commodities (and especially silver) will do the exact opposite of what they are doing today.
@VictoryIndependence I thought I read something about them being in next months BLS today. I cannot find anything back my claim! Thanks for keeping me honest. I will update if I find it.
Silver didn't really crash. Yeah, it went down a lot, but it didn't go down to fourteen dollars. It bottomed out at thirty-three dollars and now it's starting to go back up again. Right now it's almost at thirty-six dollars. Silver got ahead of itself, but it has corrected and is going back up normally again.
I bought silver last Friday at the peak of the peak. I will hold on to for at least one year. Daniel, all the other You tube silver channels have no words since the $14 drop in SIlver. I thank you for your video. AND yes I broke my own rule by buying at the top. I have done this several times in the past (with Stocks) I should know better. I been buying silver since the 1990's a little at a time. Over all I am still up.
Thanks again and great video on the inflation as well.
WOOT i finnaly give in and bit the bullet and bought a few nice coins of siver im not an invester i live in a traler i just wanted some backup ....good move?
Excellent point about the head fake. Once the short positions are sold by banks... the sky is the limit. They will have no reason to hold their positions. This is when hedge funds really turn up the heat on the pretty fiat funny currencies.
So what silver downs down a few dollars , Maybe some people do not need to be investing in this market at this time. Once people really do there own reseach besides youtube they have to make up there minds either all in are out. 1, it gonns get worst because they the bankers know that they can shake people out tof the market by bringing the price down, its possible for them to bring it down in the twenties but that does not stop the truth and the truth will proveil
I dunno if you can say that its manipulation. Theres a lot of idiots who entered the silver market, and it has become extremely volatile. When its $50 per a penny move on the futures and a 20 cent bid/ask spread at one point with extreme market fluctuations, we need more margin requirements.
Jim Rickards in a very recent interview with KWN, said the same thing. The amount of debt held by the Fed that is maturing is going to be rolled back into treasury purchases, thus, with the "end" of QE2, there will be a "perpetual QE" due to the matured debt continually being rolled back into purchases.
amen brother 12 to 15 dollars start now 44 dollar now . the less other people buy the more i can ,lol
dadhadit 3 months ago in playlist More videos from VictoryIndependence
Yup silver is still looking real bad on the charts. Just best to avoid the devil's metal for now and stick with the one that IS moving up now, GOLD.
Silver is ok for a trade, from the short side or the long side but right now it isn't worth touching
Silver's short squeeze totally ruined it. It might recover some this year but it still needs to correct more to the downside, $28-29
CrazyChitTV 9 months ago
I got many ounces last year. Back then is was $15 an ounce. Well, now it is $35 an ounce. It will go over 40 soon.
paxout 9 months ago
@paxout It was over $47 recently, you missed your chance to sell. Now you have an asset class that no one wants. At some point it will recover. but for now there are better places to put the money... like short the emerging markets
CrazyChitTV 9 months ago
how many physical ounces do you own?
Beyondinc 9 months ago
This has been flagged as spam show
EVERYONE LISTEN UP!!!
Hong Kong Commodity Exchange, HKMex just launches and they will trade silver with physical delivery as early as July! The Asians are saying "screw you! If you guys don't want your gold and silver, give them to us! We'll set our own price motherfxxkers!"
Read more about HKmex here:
picanada(dot)org
(this is not a spam! I just want to spread the news as fast as possible and don't miss any buying opportunities good luck)
page826 9 months ago
Thank You:)
jsphbjmn 9 months ago
@He101A I hear you but silver is not just a commodity. It is first and foremost real money and so this must be factored into your reasoning. Gold and silver are the only true form of real money according to the Constitution of the United States and according to the Bible as well. It is our government who has gone blatantly against these sacred documents in order to steal wealth from the people. They can only manipulate the prices for so long before their house of cards comes crashing down.
areyouready22 9 months ago
@He101A Their manipulation can only go so far, and even with this manipulated correction I'll put up a comparison on what I've made in silver over the last 3 years with what you've made in your dollar savings.
areyouready22 9 months ago
There are lot of disinfo agents on YouTube and people need to watch out.
hstone39 9 months ago
Just wait until silver goes to $4 an ounce. Then see how "rich" you are!
thereallurker 9 months ago
@thereallurker
This guy has no idea where silver is really going. If silver every goes to $4 an ounce then people will load up like it's no tomorrow.
hstone39 9 months ago 2
@hstone39 If silver goes to $4 I would buy it ALL. For every sale there is a buy.
lk804 9 months ago
@hstone39 Thats not the way things work. When houses were becomeing more and more expencive people were buying houses. Now that houses are loosing value no one is buying. Same works with silver but if it sinks to $4.00 an OZ I sugest you do buy.
SidneyBou 9 months ago
@thereallurker yea after that gold will go to 2 dollars an ounce.. fukin idiot .. i whip my ass with ur dollar bills
Beyondinc 9 months ago
Bread is almost $5 a loaf, Gas is $4 a gallon, Coffee cans are the same price but the cans are getting smaller: example 9.5oz can now, from 11.5 oz can from 14 oz can that was 16 oz can a few years ago. WHy should gold/silver go up everything else is going up except the pay check.
Mr2wings 9 months ago
silver isn't goin higher.... the US dollar is goin to go lower
rnade 9 months ago
@americanjedi77 Stellaconcepts weak hands? I don't think he's weak hands. He's been buying forever. Just trying to make sense of it.
bowtie728 9 months ago
Absolutely right. Minitrue is masking the devistation of our middle class jobs market. Even the hi-tech jobs are paying much less than they used to due to the coolie labor that they've now thrown at it.
PowerForGood 9 months ago
SILVER FOR THE WIN.
JRCrowley 9 months ago
The "all time high" of people who WANT a job... I assume that's a raw number? Do you know what happens with it adjusted for population growth?
Also, I got caught drinking the kool-aid and bought silver at $43 on Tuesday (I figured an $8 intra-day drop was a good enough move down... It's starting to look like $35 is a stable floor though... for now.
theservman 9 months ago
This was just a foretaste of the main deflationary collapse. Silver is still way overpriced at $35. At $20 I might consider buying. But likely to fall under $10 imo.
waldentree 9 months ago
@waldentree no way inflation will bring it back up monday it was around 31 its saturday 4 dollar jump in a week.they are getting their asses kicked 5 margin hikes in 2wks never has this happened before thats their way of trying to stay in the game.
toppgunn2232 9 months ago
@toppgunn2232 Ever heard of punctuation?
waldentree 9 months ago
@waldentree punctuation yeah ? .! ; , but for a youtube comment reply just like you thats not worth the time.
toppgunn2232 9 months ago
@waldentree $10 ?? You're confused. It's BOTTOMED already, dude.
JRCrowley 9 months ago
Did he just say animal spirits? Keynesian?
luomio 9 months ago
Daniel??What's the best book you have read so far? just curious.
whereispg 9 months ago
If i got 100 ounces of silver, regardless of the price, i still got 100 ounces of silver. These drops just allow me to buy more.
steeldragonx 9 months ago
god damn dude, i've heard you say some pretty fucking stupid shit over the last couple years but saying that the gold to silver ratio will be 1:1. That has to be the dumbest fucking thing I've ever ever heard anyone ever say in regarding to precious metals. Are you high on crack cocaine?? I mean seriousley do you have a mental problem??? Did someone pay you off to say that or are you just so fucking stupid from the shit between your ears?????
rudemood2011 9 months ago
@rudemood2011 There is 7 times the amount of above ground available gold compared to silver. It is what it is.
visionvictory 9 months ago
@rudemood2011 Do you have any clue of the fundamentals of silver? Do you understand the market? Do some research before you start cursing and ranting. In only 20 years silver consumption has skyrocketed and depleted above ground supply to almost nothing. The 300 million US population has been the main consumers. Now we are looking at an additional 2 BILLION Asians starting to consume themselves. A 1:1 ratio is incredibly possible. Open your eyes friend.
areyouready22 9 months ago
You guys wanted war with JPM. Guess you got it now, lol
Writinit 9 months ago
@Writinit damn they hit us right on the chin piece it hurt but i took it with a smile and bought 50 more oz at 33 thanks jp morgue! ask them how that stinging double jab to the eye feels!
toppgunn2232 9 months ago
@toppgunn2232 Remember, you can not beat the big banks at their game. It would be tantamount to walking into a casino and doubling down on every table and winning. One way or another, JPM will win. It's their casino.
Writinit 9 months ago
@toppgunn2232 lets say they win the war i will make money on the many battles to come!thanks ben.
toppgunn2232 9 months ago
@Writinit Are you Jamie Dimon?
FGTBOGSAT 9 months ago
Silvers recent pronounced rise did not reflect inflation.
Thanks Daniel.
halfasheep 9 months ago
I think the rising OI in the face of a smashing low price is of importance. People were wiling to open new contracts is the likely answer. Some could be related to spreads but there was a large increase in OI in relation to the price drop. 6500 contracts at CRIMEX and 76,000 OI for May and 130k OI overall. Even 5000 contracts standing in July plus options exercised next month could be it.
dayadog 9 months ago
Everything's been on fire & shooting upward like a rocket. This is just momentum taking a breath.
Hell - we haven't had a meaningful pullback since last year.
I kind of understand why everybody's freaking out but the fundamental reasons that everything got so high haven't disappeared.
I'd bet the farm that unless something changes significantly the commodities will be even higher by this time next year.
It's inevitable because the dollar is being run into the ground.
coldkidc 9 months ago
the coffee i stacked also went down. Ask me if i care ;)
just as my coffee im not planning to sell.
am i going to buy more silver? no, my 10000 once seem enough for me. im going mainly for gold, when it comes to wealth preservation.
Additionally with 1/3 in cash, im waiting for the drop on stocks next.
GermanInvestor 9 months ago
It's simple for those of you who don't "get it." Look at a long term chart of gold and silver. By long term I mean decades. If you can't read or see the pattern, you have no business investing in anything anyways. This last year or two may be your last chance to buy cheap, for the rest of your life. Game over.
SolarAlchemy 9 months ago
They just raisede the margin on silver...that tell me that they are affraid of silver. It tells me that silver is good, but physical. Asia do not buy the paper fraud they are accummulating physical, Westerners' do the same thing!!!!!!
SilverRose09 9 months ago
Malls and shopping centers packed yesterday. Couldnt find place to park. Went to see a movie. Full house there too. Pockets of properity.
InspireImages 9 months ago
I was down 50K with the recent raid in two days. I knew the raid will last for another few days so I had to short as well. I recovered 38K, now 85% cashed out. I still have all my mining shares. There will be a bit of a bounce (dead-cat-bounce) for the next couple of trading days, but will head down further. Based on the technicals and lack of money flows, these bastards are planning to bring silver down to $25-26, possible. I hope I'm wrong because it's screaming buy!
codematrix 9 months ago
@codematrix Don't hope you're wrong. That would be great. What a buying opportunity at $25 an ounce! We know silver will break $50 and go higher. Bernanke and the government are seeing sure to that. What we don't know is when. All my silver is for long term, not short term living expenses. The lower it goes, the better. That makes for a much bigger profit when I cash it out. High prices are great on the day I sell. Until then, I want as low as possible. High prices now mean nothing.
elpilotoazul 9 months ago 4
Daniel as long as ben keep printing dollars ill keep buying silver lol !!!!!!!! good point as away
acechoice45 9 months ago
I like the use of new speak from the Ministry of Love. 1984 is a great movie.
TheElkton 9 months ago
I can currenty buy silver at 27 $ an ounce. This is high quality physical silver for delivery.
Industry was until recently paying almost 50 $ an ounce for physical silver delivered to them. It is now possible to buy silver a lot cheeper than the spot price. So there has lately been a lot of down-melting of silver coins and silver in general for industrial use.
The spot price has been forced up by speculators, physical silver is still only 27 $ an ounce. But the price is rising ;-)
andersottesen 9 months ago
@andersottesen
Jim Rogers: There will be 2 prices for silver. The Physical price and the Paper price..choose wisely!
andersottesen 9 months ago
No worries...this is just a sale. I took advantage. Pull backs like these will just increase profits later. Let me go as far as to say forget potential profits , instead look at this as increasing your ability to have some financial stability. I'm invested 100% in tangibles. Metals and real estate. I view my rentals as much less liquid and higher risk than metals. At least for now and well into the future.
resourcefulgirl 9 months ago
Yup! I started buying Silver when it was sitting at $11. Hehehe....Most of my stack was purchase when silver was in the teens. I slow down my purchases when it goes up quickly, and I speed up my purchases anytime it takes more than a two dollar beating.
veritasfiles 9 months ago
stellaconcepts sold
bowtie728 9 months ago
Daniel - Thanks as always...I love your vieos. I particularly like watching you strike back (with facts and fundamentals about silver) against the misinformed clowns who have given you so much grief. Well done. Keep up the great work.
vinwald 9 months ago
I just wish I had missed the first day of the drop. Put 20% of my cash in at the bottom that day and then it dropped again so I doubled down.
Another big drop and I'll be all in. I want to get past 1000oz
Paetaor 9 months ago
haha
kroovyandcal 9 months ago
what would happen if the price did get to $100, and then it did become economical to dig down a whole lot further, how do we really know how much silver is right down there.
wesleytarbuck 9 months ago
Why do you guys complain all the time? Just start new ventures and make money. I am sure most Americans are capable to employ themselves other than McDonalds. Engineers, make new inventions, doctors, do more operations etc.
veriappelsiini 9 months ago
inflation/deflation debate is a red herring. What matters is the relation of real assets vs real money. Everything else is noise. Thank you for your work, sir.
blackswanflea 9 months ago
Yep, they know history and essentially pulled the same game as was done back in 1980. Not only do they know the technical side, but also the human part of this Money War. They are very good at what they do as they are professionals, battle hardened troops, Centurions of the Market, and we are merely the greenhorns of the opposing side. The average broker cannot appreciate the sophistication, cunning and ruthlessness behind the scenes. We now know what it means to be under fire.
InTheSticks0001 9 months ago
I agree with you on the deflation head fake. I have been thinking the same thing. Good video. Thanks
Mr7laws 9 months ago
I concur with your assessment that the Au/Ag ratio will drop to single digits. Are you SURE about the 1 billion ounces for Silver? Burger flippers are considered manufacturing jobs. We have just added to our manufacturing base.
drewzillasaurusrex 9 months ago
Dan, The CME had to do something before a giant bubble was created. They should have been doing it all along rather than all at once. This keeps the pump and dump under control from the speculators. Silver will be just fine. Keep in mind the banksters invented pump and dump so the CME for once did something right. We still have plenty of bull run on silver left.
thegbpackers284 9 months ago
I give up. How? How does the DOW go to 16,000 while what? oh yeah while commodities are going down cheaper commodities allow the companies on the dow to have lower operating costs. I'm sure that is beside the point. Just kickin' some dirt on the ump's shoes metaphorically speaking that is. How about that Silver man oh man I lost 20 grand....ON PAPER...when the comex defaults that is probably when the SS wil come in and mow down the daytraders and I'm only half joking about that. Really.
drewzillasaurusrex 9 months ago
HAHA you said "ministry of truth" You must be a No Agenda Slave In the morning!
gojo345 9 months ago
hey, VV, as Mike Maloney point out, I afraid that this year will be a year for finishing dead cat bounce. meaning that deflation happen. and the government over react and move us to hyper inflation. look at the Chinese housing market, it is about to burst. this will trigger the market collapse. and force people to sell their gold and silver like 2008. even I do not think gold and silver will not go as low as what happened in 2008. I do think this can happen. let me know how you think. thanks
hc167 9 months ago
my coworker says that silver is a bubble and it will fall to seventeen dollars an ounce by the end of the month. he also believes everything the potus or pos says. go figure.
lucifuehrer 9 months ago
I want it to hit below $30 to snatch it up :)
texture6 9 months ago
@texture6 Do you think that the down turn will continue with the Hong Kong sunday open or do you think it bottomed out at $33.05 and is on its way back up from current $35.62?
stephanwolf 9 months ago
I only wish you did more then one video a week! I try to get everyone I know that likes investing watching you!
jtwebman 9 months ago
What is this guy talking about, "no headlines regarding silver going all the way to $50"??? ummm... it was on the business news programs DAILY, and even here in Toronto, we have this guy who is well known on commercials called 'Oliver Jewelery" who has always proclaimed himself to be a big gold buyer, and actually changed by asking for Silver, even going so far as painting himself Silver .. your in a different world bud, the bubble had many signs it was there...
SuperSurferSilver 9 months ago
the are trying to fool the voter
DonPaulPro 9 months ago
LOVED the New vid, National Debt Crisis, I shared and told ZeroHedge. com about it. Tips@zerohedge. org, you should email them daniel, they will love your video.
unreallogic 9 months ago
@unreallogic I owe you Ruths Chris if you get me on ZeroHedge :) I'll email them as well, thx for the heads up.
visionvictory 9 months ago
you need a shave
fasteddie847 9 months ago
We agreed with you! You are very smart, silver is going to go very high.. We are so curious why people in the stablisment want to knock silver so desperately.
SilverRose09 9 months ago
@SilverRose09 Silver rising makes the dollar look bad.
visionvictory 9 months ago
This is just market manipulation to create the perception that silver is in a down trend in order to contrast the decisions that will be made during this years Bilderberg meeting. The real leading indicator this time was oil prices and its exactly what will be in the notes from Bilderberg.
virgojeep1 9 months ago
Hi and appreciate your effort to keep our eyes opened!! Greetings from Valencia, Spain
beatrizgf 9 months ago
Wrong, what happen to Silver was NOT a correction. It was pure manipulation. There is a difference.
Drav1212 9 months ago
You got a "McJob"
NCIcaucus 9 months ago
I bought some on Tuesday at $41.24 an ounce because I didn't think it'd go much lower. But it ended up going down to $34 something an ounce. So ya, I lost a bit but in the long run I know it won't matter much. If it goes down to $30 or less, I'll definitely be buying some more.
Bristecom 9 months ago
btw, do you think $35 is the bottom of this dip? im thinking of buying this weekend, I'm a novice so should I buy now or give it this week to wait and see if it drops a few more bucks?
eduardoobregon 9 months ago
@eduardoobregon Let me know if anyone answers your question here as I too am new to buying physical precious metals and would like to know whether or not I should buy now or wait to see what happens when Hong Kong opens its market again on sunday. Can anyone really say though if the down trend is over for silver, has it really bottomed out at $33.05 and is now on its way back up?
stephanwolf 9 months ago
@stephanwolf No, there is a chance that the CME will raise margin requirements next week, to curb all this rampant speculation.
puapake 9 months ago
@puapake So you would then say that the down turn is over with and it will start climbing again Hong Kong Sunday open?
stephanwolf 9 months ago
@stephanwolf I hope to see just a little lower price, the next support level is around 31. Watch brotherJohnFs' channel. I was being sarcastic about the CME raising margins again, they may as well do it every other day at this rate.
puapake 9 months ago
@stephanwolf well, I follow the kitco chart, I remember it closing at 35 something though?
eduardoobregon 9 months ago
GUYS....IT'S A DIPPPPP!!!! A DIP IN THE OVERALL RUN.
BUY THE DIP!!!!
Lepiratepoulpe 9 months ago
i loved the visionvictory vid superb job!
eduardoobregon 9 months ago
Good to see ya Daniel. Enjoyed this vid - Thanks v much.
zalida100 9 months ago
@zalida100 thanks for taking the time to comment, appreciate your support.
visionvictory 9 months ago
BLS is BullShitList
TruthVsLiars 9 months ago
I'm finding that most silver bugs are whiney bitches... LOL no offense just based on what I've been reading the past fews days. Good lord I think you people need a few days off from reading a chart. LOL I am heavy silver and I am not sweating.
ctfam 9 months ago
YOUR AWESOME SIR!! thank you for being a real AMERICAN !! love man u speak truth Steve Morales look me up!!
IconMusicGroupInc 9 months ago
You ain't looking at any fundamental of any value if you don't look at the fundamental of fundamentals which is that gold does not tarnish and will always have a far better store of value and medium of exchange property than silver because of these INTRINSIC values that has made it the metal of choice for the past 5000 YEARS
kroovyandcal 9 months ago
I started buying silver at $10.40 a few years ago. 300%+ return isn't too bad. I'm in metasl LONG.
Aracuru 9 months ago
I gotta admit. When I saw your vids back in 2009 I got in at $9 and I'm still holding.
dgmoocher 9 months ago
I hope you lost a shitload of money for doing evil and saying to your viewership that silver would be worth more than gold. That would equal justice. I hope your loser viewer that wanted me to get fucked by a black penis experiences jail within the next 24 hours
kroovyandcal 9 months ago
@kroovyandcal The gold to silver ratio gets to 16 to 1, it's time to shift part of your silver to gold. Before then, silver is going to out perform gold. By the way, I've been to jail and black penis aint to bad!!!
deadeyeventures 9 months ago
Thanks, You've eased my mind. I hope this is the bottom, I think it is.
homesurvival 9 months ago
Silver is back to what it was 6 weeks ago, so what. Keep stacking. In the end do you want bullion or devalued paper?
tgpdlp1 9 months ago
I bought all of my silver back in 2009 for around $15 per oz. Havent bought any since, but with these huge drops, I'm going to buy on Monday after the final margin increase. I hope silver drop another 3 or 4 bucks. Im absolutely drooling that I am going to get more silver at these cheap prices because we all know its going back to $50 soon!
peilthetraveler 9 months ago
@peilthetraveler I'm doing the same thing, of course no guarantees it will fall further. If it does, great! If it doesn't, I'm still going to buy more. Low silver prices are awesome. I don't want them going higher until the collapse. I mourn when the price climbs, that's no reason for joy. Now it costs more to get more.
elpilotoazul 9 months ago
Man when it was going up a ton, I wasnt interested at all.
Until the recent bombing of silver, I got some more. =)
boipinoi604 9 months ago
i just bought more silver ($35)...i hope i made the right play.
alita589 9 months ago
@alita589 Depends. Do you need the money any time soon? Bad play. Is it for long term? Excellent play. I bought silver at $18 an ounce. Lots of it. It fell to $9 an ounce. I wasn't upset. I was happy. I could buy more. I knew the end game. Short term you might take a beating. Long term you are a huge winner.
elpilotoazul 9 months ago
@elpilotoazul exactly. We are in the same boat. we have scars on our ass from the past. some newbies just got a bit scared. things will be ok.
macdonaldc 9 months ago
"In case there are children watching.."???? Come on Daniel! I LOVE your videos but my kids would be bored... :)
Survive2Day 9 months ago
Daniel, I have a feeling silver will go down a little more and that is when I want to buy silver. Do you have some confidence in my statement?
eleganz 9 months ago
Silver is on fire sale.
boipinoi604 9 months ago
Deflationary head fake is right. The silver correction is good. I'm hoping the consumer products producers got the head fake and consumers jump on any deflation priced products they need before inflation begins to eat us alive. Thanks Vision.
hatch381 9 months ago
I think it is a HEAD BAKE....
Jalleer 9 months ago
I guess they got to shaking the tree to see which scared E Cats were going to fall out. I bought a few at the top. Don't care cuz I got mine as I exited the Matrix. No worries everyone. Daniel has been around for a long time now. Thank you Daniel for teaching Economics 1A and 1B. I was a very good student.
Jalleer 9 months ago
The silver haters still treat paper silver and physical as one in the same. They don't get it through their thick skulls that there is a 100:1 paper silver to physical silver ratio. Jeffrey Christian a Bankster shill even admitted so in the May 2011 CFTC hearing. This explains it all, nuff said, and one need not be a rocket scientist to connect all the dots starting from there.
jimbobubbadj 9 months ago
@jimbobubbadj 2010 CFTC hearing
jimbobubbadj 9 months ago
Dont plan on getting rich with silver. Huge potential with silvers fundamentals and all, but if we dont lose any savings and make some gains in the future how can you complain. Good luck everyone and think long term.
TheAwakebear 9 months ago
I got in at 37 dollars an ounce i bought at fifty i baught at the dip. My average is now 39 an ounce. This CDN currency. I am 23 never invested in anything before. I AM NOT WORRIED lol. Ill just add more
Nathan21122012 9 months ago
Great Vid and thanx for posting.
Now, to those who think they are playing it safe to "Diversify"....
If doing the basket of stocks or mutual fund gambit is now your safe approach, you may consider what Mr. Faber who was quoted recently analyzing the stock market to which >>> it has depreciated 90% in terms of PM's <<<
If the Dow busts 16000 so what, where is that in terms of PM's again. As we all know here following PM's, they simply cannot print AU and AG, but Printing they are Masters.
yaahme 9 months ago
Are people really getting nervous? What a bunch of light-weights.
stevesmitty79 9 months ago
definitely not manipulation, this thing rose FAST! This is a much needed healthy correction. you should all be celebrating that it is so cheap. BUY MORE!
LibertySole 9 months ago
This is probably the last reprieve before everything shoots through the roof...now that Daniel reminds us on the video that he sees no way that they will not continue quantitative easing in some fashion...it seems that they're going for broke here..hype the supposed tame #s, torpedo commodities (esp silver), have everyone drink from the same koolaid that the economy will be self-sustaining and QE is not necessary, ETC....they may realize that this is their last chance to exit their short silver
fredguen 9 months ago
@fredguen CONT -- their short silver positions gracefully and with the least damage as possible realizing that once the cat's out of the bag and more and even higher levels of debt monetization becomes the story then the dollar will be perceived as "worthless" even more so than it is today and massive inflation will ensue...at which point commodities (and especially silver) will do the exact opposite of what they are doing today.
fredguen 9 months ago
Thanks, kids were watching
QualityEngineering 9 months ago
Im sure there are 1 million college grads that would at Mcdonalds full time once the govt free ehalth care plan kicks in.
limitedplay 9 months ago
fix the link to the national debt crisis video
nottinmatterz2day 9 months ago
mcdonalds jobs didnt make this report -- next month.
ZiggleFingers 9 months ago
@ZiggleFingers This was aprils numbers, are you sure? Because the Mc Jobs were all done in April.
VictoryIndependence 9 months ago
@VictoryIndependence I thought I read something about them being in next months BLS today. I cannot find anything back my claim! Thanks for keeping me honest. I will update if I find it.
Thanks for your vid.
ZiggleFingers 9 months ago
@VictoryIndependence They were included, Drudge had the link!
savgal1211 9 months ago
Silver didn't really crash. Yeah, it went down a lot, but it didn't go down to fourteen dollars. It bottomed out at thirty-three dollars and now it's starting to go back up again. Right now it's almost at thirty-six dollars. Silver got ahead of itself, but it has corrected and is going back up normally again.
sniper6081 9 months ago
im just an poor boy grabbin a few coins to hide away for backup thats all
mysticker11 9 months ago
I enjoy your vids, but you said 75% of your net worth is in silver?
Holy fuck bro, diversify!
Take care.
webozzy21 9 months ago
@webozzy21 diversify my butt! put all your eggs in one basket then watched that basket like your life depends on it!
Doublejoe321 9 months ago
In a sane world where sound money is true and honest work brings prosperity gold should be traded for nothing less than payment in full.
However hubris and forgetful the reminders are never less painful.
JimbobOMG 9 months ago
I bought silver last Friday at the peak of the peak. I will hold on to for at least one year. Daniel, all the other You tube silver channels have no words since the $14 drop in SIlver. I thank you for your video. AND yes I broke my own rule by buying at the top. I have done this several times in the past (with Stocks) I should know better. I been buying silver since the 1990's a little at a time. Over all I am still up.
Thanks again and great video on the inflation as well.
Mr2wings 9 months ago
@Mr2wings Thanks for the comments
VictoryIndependence 9 months ago
@Mr2wings Dollar cost average your silver by buying over a period of time.
boipinoi604 9 months ago
@Mr2wings Don't worry. When silver goes to 100 you'll be glad you held on.
numag1 9 months ago
@Mr2wings i only buy silver at premium prices because i am worth it.
lucifuehrer 9 months ago
It's all good...I like the silver rolllercoaster ride...NO FEAR ...Weeeeeee!
bobsr3 9 months ago 3
WOOT i finnaly give in and bit the bullet and bought a few nice coins of siver im not an invester i live in a traler i just wanted some backup ....good move?
mysticker11 9 months ago 21
@mysticker11 Absolutely. Buy the dips!
Channel711 9 months ago
@mysticker11 ...rock on brother! welcome to the SLA!
pfcwar5150 9 months ago
thats pretty fluffing interesting
a10fjet 9 months ago
Eric Sprott said that he has more silver now than ever.
zrzr4 9 months ago
the metals exchange guys are shiting their pants
..but they are proxies... the government and banksters are shiting their pants
troublehoff 9 months ago
Excellent point about the head fake. Once the short positions are sold by banks... the sky is the limit. They will have no reason to hold their positions. This is when hedge funds really turn up the heat on the pretty fiat funny currencies.
HyperReport 9 months ago
i agree with everything you've said for the last year and am 90% certain that there will be QE3
or 'not QE3' :0
troublehoff 9 months ago
Soon as I heard dow 16,000 that signalled to me that we may be nearing another big downturn.
InfluencingYou 9 months ago
Great update on the silver fundamentals. I agree that with out 5 hikes in the margins 44-45 level would probably hold.
Now silver investors have enormous opportunity to buy silver cheap. Thanks again to the market manipulator.
Alexiscom1 9 months ago
So what silver downs down a few dollars , Maybe some people do not need to be investing in this market at this time. Once people really do there own reseach besides youtube they have to make up there minds either all in are out. 1, it gonns get worst because they the bankers know that they can shake people out tof the market by bringing the price down, its possible for them to bring it down in the twenties but that does not stop the truth and the truth will proveil
comebigarestayathome 9 months ago
What are your thoughts on oil?
ou818bug 9 months ago
The best Silver update yet. Excellent video boss
GOLDSILVERDUDE 9 months ago
I dunno if you can say that its manipulation. Theres a lot of idiots who entered the silver market, and it has become extremely volatile. When its $50 per a penny move on the futures and a 20 cent bid/ask spread at one point with extreme market fluctuations, we need more margin requirements.
chroNick546 9 months ago
hey guys... i'm going to count and see how much i lost this week....
nothing... all my oz are still in my safe
cmillvlogs 9 months ago 31
@cmillvlogs lol nice :)
VictoryIndependence 9 months ago
@cmillvlogs Thats means u r dumb for not making 25 bucks an once
TVFOGGED 9 months ago
@cmillvlogs You and me both!
BeenInACaveWayToLong 9 months ago
@cmillvlogs here here!
jiminiflix 9 months ago
here here!
jiminiflix 9 months ago
Jim Rickards in a very recent interview with KWN, said the same thing. The amount of debt held by the Fed that is maturing is going to be rolled back into treasury purchases, thus, with the "end" of QE2, there will be a "perpetual QE" due to the matured debt continually being rolled back into purchases.
Icriedtoday 9 months ago
get the fiZZ
dcblyke 9 months ago