Never buy silver on paper. Always get the physical metal in your possession. These silver stocks are a scam - there is no silver reserves behind them!
The Money Masters will not allow any safe haven away from their money monopoly. They have such overwhelming power - they can cheat and manipulate markets. Even silver. How? They sell paper silver en mass with their fake paper money, and so it 'looks' like there is all this new silver. Double or triple the total supply of silver overnight (on paper) and the price goes down.
They sell the fake paper silver to themselves, so there will not be a run on the silver certificates.
I bought at 42, and it dropped like a rock immediately afterward. Then I bought a larger quantity at 28.60 and it's creeping back up. My average paid per ounce is 35.11.
I'm in for the long run. I predict significant gains during 2012 - 2013. This comment will either make me look clever or foolish.
@77sporty I would be too except I haven't been making any money...I actually sold 64 oz today :-( I really didn't want to...i mean I felt sooooo bad selling it.....but with no job I had no choice...have little ones to feed.
@bc5620 If you don't know any, don't buy. I lose money on silver before juz because of all this stupid irrational people asking me to buy buy buy. When price goes up $10, they say buy. Down $5, they say buy. Down 10, 15, they say buy buy buy!!! I reckon the price will bottom once more. But I buy 3 kg of silver yesterday because I feel that the price can't go too much lower that that.
Once more, silver isn't gold. It need some time before it return to its intrinsic value.
There are two reasons for the drop. The first is massive market manipulation. The second is that people have been moving to dollars to escape other fiat currecies. When the dollar is strong metals get hurt. It is bogus and temporary. Buy! Buy! Buy!
In the short-term, metals, especially Silver could experience a serious fall-off, but Gold will end up being a bit more stable. Ultimately, they will not see their new highs until we enter an entirely new and unexpected phase of this crisis. Then you'll see Silver passing into the 50's and 60's, while Gold hits $2,000+. That could be a month away or it could be 2 years away. No one can say for sure because they are flying blind here and by the seat of their pants.
In 2008 crash the same thing happened. Silver and gold plunge when the stock market does until the dynamics change and the mass public is scared to hold fiat.
I think its a trick to get everybody to sell so the wealthy can buy it cheap and the average person screws themself out of 5 to 6 dollars an oz because they bought at $41 and sold at $36 because they were scared.
@bc5620 Hold silver, but don't buy... the trendlines point down, gold is looking weak too. Oil has held up well sort of, copper is real bad. Dollar is best right now and might be the best trade for a few years. Be careful people.
You can have major crashes but still be in a multi-year bull market. Let silver come down much more before adding.
EVERYONE should learn technical analysis if you want to own commodities, stocks or FOREX.
@bc5620 You need to look at longer-term charts. Silver crashed HARD in the 2008 crisis and now we are in another crisis. What is moving up is bonds (not yields but bond prices) and the US Dollar. There is a flight to safety right now which is the Dollar and bonds. Silver is part of what is called "the risk trade", when people get defensive the risk trade is off.
What silver bugs forget (ugh!!!) is that if you have a financial crisis but the US$ is strong then precious metals get sold.
@bc5620 Ha!! Don't listen to me. Here's why. YESTERDAY, I bought AGQ @ 176.61. Today, (15 minutes ago) the low was $110.97. Does THAT sound like I know what I'm doing? I'm down $66 in ONE DAY! ROFL! I'm still holding. When Silver rebounds, I will sell @ $221 or so.
The silver market is also a paper market run by the same people and historically they go back and forth. In 2008 they both crashed together as dow went from14K to 6.5K and Silver from 21 to 9.
Will this be a repeat? Where stocks go from 12.8K to 5.8Kish and Silver from 50 to 23 or 24ish? I don't know but as long as the powers that be control the market, then it is up to them where it goes. A positive note for silver/gold is a bank run and that is what we need.
@endlessmountain my question was...traditionally when mr bernake speaks the stock tumbles and sends metal soar...but this time it didn't do that...so should we be worried??
@creditliberation I don't know but I am personally going to hold on to it rather be scared. Hold on to it if you can but if you must sell for some reason by all mean do it.
When the paper markets go down, often times major investors (hedge funds, banks, billionaires) sell everything they have to have capital and liquidity, and they like us, also have large holdings in gold and silver. So they are selling, and furthermore SHORTING, in realization of this.
Why, I don't know, but every time gold and silver goes down with the market, that is 100% the scientific reason.
Honestly, I see this as a major buying oppurtunity
Never buy silver on paper. Always get the physical metal in your possession. These silver stocks are a scam - there is no silver reserves behind them!
seandulac 1 month ago
The Money Masters will not allow any safe haven away from their money monopoly. They have such overwhelming power - they can cheat and manipulate markets. Even silver. How? They sell paper silver en mass with their fake paper money, and so it 'looks' like there is all this new silver. Double or triple the total supply of silver overnight (on paper) and the price goes down.
They sell the fake paper silver to themselves, so there will not be a run on the silver certificates.
seandulac 1 month ago
I bought at 42, and it dropped like a rock immediately afterward. Then I bought a larger quantity at 28.60 and it's creeping back up. My average paid per ounce is 35.11.
I'm in for the long run. I predict significant gains during 2012 - 2013. This comment will either make me look clever or foolish.
ndrthrdr1 2 months ago
The way that silver spot acts is puzzling to me, too.
ndrthrdr1 2 months ago
Dude, read the freaking news. Even a monkey knows by now why silver dropped.
SilverMapleLeafs 5 months ago
im buying
77sporty 5 months ago
@77sporty I would be too except I haven't been making any money...I actually sold 64 oz today :-( I really didn't want to...i mean I felt sooooo bad selling it.....but with no job I had no choice...have little ones to feed.
bc5620 5 months ago
@bc5620 If you don't know any, don't buy. I lose money on silver before juz because of all this stupid irrational people asking me to buy buy buy. When price goes up $10, they say buy. Down $5, they say buy. Down 10, 15, they say buy buy buy!!! I reckon the price will bottom once more. But I buy 3 kg of silver yesterday because I feel that the price can't go too much lower that that.
Once more, silver isn't gold. It need some time before it return to its intrinsic value.
Buy the dip, not top.
TonyBeanify 5 months ago
There are two reasons for the drop. The first is massive market manipulation. The second is that people have been moving to dollars to escape other fiat currecies. When the dollar is strong metals get hurt. It is bogus and temporary. Buy! Buy! Buy!
arpeggiomeister 5 months ago
Oh! one more caveat ... I DO THINK AGQ is a good buy here .. currently @ $117.
Even if it drops another $20, when AU rebounds, so will AGQ.
I'm not worried at all.
karenbcz22 5 months ago
Subscribe to BrotherJohnF if you want to know whats happening with silver. Keep stacking!!
BYBB123 5 months ago
In the short-term, metals, especially Silver could experience a serious fall-off, but Gold will end up being a bit more stable. Ultimately, they will not see their new highs until we enter an entirely new and unexpected phase of this crisis. Then you'll see Silver passing into the 50's and 60's, while Gold hits $2,000+. That could be a month away or it could be 2 years away. No one can say for sure because they are flying blind here and by the seat of their pants.
veritasfiles 5 months ago
In 2008 crash the same thing happened. Silver and gold plunge when the stock market does until the dynamics change and the mass public is scared to hold fiat.
gone556 5 months ago
Look up silver update 7/19/11 - Caught in the act
Lily3250 5 months ago
Interesting for sure. I found this from July 19th.
It is a strange one, I wonder if this kind of evidence will surface?
Lily3250 5 months ago
I think its a trick to get everybody to sell so the wealthy can buy it cheap and the average person screws themself out of 5 to 6 dollars an oz because they bought at $41 and sold at $36 because they were scared.
j6i6z6z 5 months ago
@j6i6z6z so lets load the boat everybody...I wish I could but I haven't been making any $ since I moved to California :-(
bc5620 5 months ago
@j6i6z6z so lets load the boat everybody...I wish I could but I haven't been making any $ since I moved to California :-(
bc5620 5 months ago
@bc5620 Hold silver, but don't buy... the trendlines point down, gold is looking weak too. Oil has held up well sort of, copper is real bad. Dollar is best right now and might be the best trade for a few years. Be careful people.
You can have major crashes but still be in a multi-year bull market. Let silver come down much more before adding.
EVERYONE should learn technical analysis if you want to own commodities, stocks or FOREX.
CrazyChitTV 5 months ago
@j6i6z6z Wait till it gets to $29 or $28. Then the "little guy" will get really scared.
karenbcz22 5 months ago
@karenbcz22 are you loading up the boat Karen?
bc5620 5 months ago
@bc5620 I'm trading AGQ. The BIGGEST leveraged money-maker on the planet!
karenbcz22 5 months ago
@karenbcz22 So you don't invest in physical silver at all?
bc5620 5 months ago
@karenbcz22 also, do you mind sharing a bit of your investment strategy? I don't mean to sound nosey just want to get educated :-)
bc5620 5 months ago
@bc5620 You need to look at longer-term charts. Silver crashed HARD in the 2008 crisis and now we are in another crisis. What is moving up is bonds (not yields but bond prices) and the US Dollar. There is a flight to safety right now which is the Dollar and bonds. Silver is part of what is called "the risk trade", when people get defensive the risk trade is off.
What silver bugs forget (ugh!!!) is that if you have a financial crisis but the US$ is strong then precious metals get sold.
CrazyChitTV 5 months ago
@bc5620 Ha!! Don't listen to me. Here's why. YESTERDAY, I bought AGQ @ 176.61. Today, (15 minutes ago) the low was $110.97. Does THAT sound like I know what I'm doing? I'm down $66 in ONE DAY! ROFL! I'm still holding. When Silver rebounds, I will sell @ $221 or so.
karenbcz22 5 months ago
The silver market is also a paper market run by the same people and historically they go back and forth. In 2008 they both crashed together as dow went from14K to 6.5K and Silver from 21 to 9.
Will this be a repeat? Where stocks go from 12.8K to 5.8Kish and Silver from 50 to 23 or 24ish? I don't know but as long as the powers that be control the market, then it is up to them where it goes. A positive note for silver/gold is a bank run and that is what we need.
endlessmountain 5 months ago
@endlessmountain my question was...traditionally when mr bernake speaks the stock tumbles and sends metal soar...but this time it didn't do that...so should we be worried??
creditliberation 5 months ago
@creditliberation I don't know but I am personally going to hold on to it rather be scared. Hold on to it if you can but if you must sell for some reason by all mean do it.
bc5620 5 months ago
how boring can u be?
slampiece99 5 months ago
BTFD!
hiphopsocnroc 5 months ago
This is very simple.
When the paper markets go down, often times major investors (hedge funds, banks, billionaires) sell everything they have to have capital and liquidity, and they like us, also have large holdings in gold and silver. So they are selling, and furthermore SHORTING, in realization of this.
Why, I don't know, but every time gold and silver goes down with the market, that is 100% the scientific reason.
Honestly, I see this as a major buying oppurtunity
dickstoyevsky 5 months ago
@dickstoyevsky I see this as a buying opportunity also but except I am not making any $ :-(
bc5620 5 months ago
@dickstoyevsky I see this as a buying opportunity also but except I am not making any $ :-(
bc5620 5 months ago