Silver Part 2 - Flashback to the April 2011 Highs - 01.20.2012

[jiminiflix]

Who trusts the spot price, its a silver paper market.Market demandfor actual silver in shown in the lack of silver available to buy.

[fuckoff187]

market has definitely bottomed. euro is gonna rebound due to recent events, gold and silver have been strong despite dollar strength. silver went up 5% today despite a strong u.s. dollar

[62636263c]

I feel we will see mid to low twenties at some point. I would rather see it from here then seventy.

[BigKidCountry]

25 will come

[msa0709]

Thanks D.

[xfactortype1]

my goal by November election is 500 oz. and I'm in long term. I also am rolling over one pension Into a precious metals IRS so if we do have hyperinflation I won't be totally wiped out for retirement

[xfactortype1]

I thought I saw a possible reverse head and shoulder bottom over the last few months and waited to see if the right should.der formed as it did. I'm glad I bought 100 ounces of American 2012 eagles last week at 30. :-)

[xfactortype1]

maybe the jump today was speculation on the fed meeting next week and possible further qe3

[Dean0000007]

I've noticed that these moves usually happen on a Friday at the close. Not this dramatically, but still there is usually an up trend. It makes me think, that the paper manipulators don't want the price low over the weekend where physical orders can put much pressure on spot price on Monday and reduce physical inventory in a dramatic way. I can just hear the phone call from the US Mint to JP Morgan - "Give us a break guys! We need a high price on the weekend to reduce all these orders."

[eduardoobregon]

I do think the big boys will bring it down one last time to about 25 and then its lift off, just a hunch

[crazeyspivey]

@eduardoobregon Nope, I disagree. Ron Paul's momentum is beginning to soar, and the more Ron speaks about gold and silver (sound money), the more upward momentum we will have in silver. The demand for physical silver will get stronger as the grass-roots support for Ron Paul catches fire. Go Ron Paul!!!! If Ron Paul is elected, I would imagine Silver would be at least $75/ounce.

[BUTTERTOOTHPUNK]

What drove the move in silver today?

[crazeyspivey]

@BUTTERTOOTHPUNK Perhaps Ron Pauls great speech down in Charleston SC and his extended discussion on sound money and gold and silver.

[BUTTERTOOTHPUNK]

@crazeyspivey just read an article on zero hedge about rumors of sprott being the reason. 

[crazeyspivey]

@BUTTERTOOTHPUNK Perhaps a combination affect......Ron Paul speaking of sound money and Sprout buying silver, etc.

[rx4unyc]

silver up 5.09%

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[barnone11967]

Silver at $32.12 currently :)

[barnone11967]

Whohoo, I am first on YOURS :) :) :)

[endlessmountain]

@barnone11967 damn right you are.