I remember getting BBQ'd for buying silver at $10/oz and Im still gettin an earful today. The prudent man forseeith the danger while the simple pass on and are punished.....
"Don’t get discouraged by silver not doing as well as gold the last couple of trading days, it is building a base for a breakout above $42. Once that occurs...silver will in all likelihood shoot straight to $50."
--James Turk, August 8, 2011
Now, only some of our YouTubers would answer legitimate concerns and questions in a similar fashion.
UPDATE: Gold and Silver initially up in Asia, now both down by less than 1%.
While i love your videos, you're way too long-winded. You takes years to explain very simple points. You don't need to give 50 examples, we already get the gist by the first one. Otherwise, great work!
Re: "Evidence suggests that most investors are risk-averse." This may be true based on the *perception* of the investor, who may be very misinformed. For example, ratings like AA+ or "high quality" - the ratings agencies use an algorithm to come up with a number, but these are based on Gaussian "normal" distribution assumptions, which don't apply to nonlinear systems like markets. Case in point - the Russian 1998 default that collapsed Long Term Capital Management.
I agree with your "conviction on fundamentals, entry on technicals" philosophy. Instead of trying to pick prices, I find it works well to average in when the stochastics (%D) crosses below the 50 line. Sort of like dollar cost averaging, but instead of time dependency it is stochastic-dependent for entry. This had buying zones from Nov. 16-18 (2010), and in 2011 Jan. 7-31, May 4-23, Jun 14-Jul 6, and presently from Aug. 8. But trend-lines are OK too.
Like your analysis, BJF. I think you're somewhat over bullish with your silver target but that's your perogative. As long as you keep some perspective then you wont get hurt. Too many people only look at things from one angle. You are clearly on the pessimistic side when it comes to the markets so I would say this:
When most people are still too niave/ scared to buy PM's and when bonds/ banks are paying (real terms) less than 0% there's no-where else to really put money than the stock market.
I'm a bullion bull but you better be careful here because this is the same euphoria that occurred right before silver missed it's $50 Hunt Brother target price and got slammed. We could be very well looking at a massive metal takedown and then we will be watching another 6 months of videos talking about "manipulation" all over again. There's more than silver to look at right now so get some diversity. Just a thought and word of caution. I'm The News UNIT Blogspot by the way so I'm watching.
@assilvertried7x yes, that's from Eric's channel. He's found some incredible, eye opening information by delving through gov meeting minutes. I wondered where the 'bond vigilantes' went to and he explains why they're not having an effect on the bond markets.
the "Federal" Reserve lent $16 trillion to both domestic and overseas financial institutions from Dec. 1, 2007 - July 21, 2010. More than $3 trillion dollars were lent to overseas financial institutions in numerous countries, including in the U.K., Germany, and France.
banks who created the crisis were rewarded - including nearly $8 trillion to banks like Citigroup, Morgan Stanley, Merill Lynch, and Bank of America
FED wants the stock market higher as their member banks only have this to get their gains. They also know this will not last, so they need one last hurrah until they can arbitrage out of these - and into hard assets. But, they will be like fellow criminals all holding the gun on each other - and then it will bust loose as they run for the exits. Extend and pretend as this nice phrase says - is more pretend than actually extend.
@JThompson1057 -i think the wild gyrations are an indicator of everything starting collapse. everything actually "crashed" in 2008-only the fed "loaning" 16 trillion to US and EU banksters has been able to wallpaper over his fact. it is only because the dollar is reserve currency that they fed was able to do this. French banks are in trouble today, and Germany has said the hell with bailing out "big" counties like Spain.
they-re buying/selling , laughing all the wall to the bank that they own.
Oh yeah silver will "Catch up" any day now, just don't hold your breath on that.
At least Bernanke says what he does, and does what he says, you gotta give him that. Over here though, we're good in selling fnatasies to inexperienced investors who are holding a metal that's stagnating and playing dead while gold goes to the moon.
@PiroozAzDirooz - so who should we listen to-these George Washington and Voltaire, or your "posting in your BVDs' down in mommys' basement troll act?' i suppose you're a big fan of obamao, too right?
''Paper money has had the effect in your State that it ever will have, to ruin commerce -- oppress the honest, and open a door to every species of fraud and injustice.''
-George Washington
"paper money eventually returns to its' intrinsic value-nothing"
Gold is starting to look like the volitile silver chart..Will this market end up being shorted and margin manipulated?? Gold is up 47 bucks for the midmorning price. wow.. The DJIA is down 480+, but came back yesterday about that much.. Managers were looking for good buys yesterday.There are funds that have to be 100 % invested. If they can't find worthwhile stocks, they should be chased in to PM paper markets..??? Only a matter of time.
Your obvious blasé attitude towards silver sleeping in bed languishing while gold is making all-time highs every single day this last week or so is quite interesting. Given the fact that you have pumped silver up to "4-digits" in these vids, and now are just "I don't care" about it stagnating while all PMs are rallying hard shows that you are more of a stretched fantasy salesman than anything else.
Silver is gonna move and be in 4-digits. Any Day Now. LOL
@BrotherJohnF Yearly gains granted, but what begs to be acknowledged & answered is the extremely poor performance of silver vs. gold since gold started its
"melt up" recently.
e.g., James Turk said recently: "Don't be disappointed w/ silver lagging. It's just building base for going over $42; &after that it will go straight to $50."
That's both an acknowledgment as well as an explanation w/ a plausible scenario. Just ignoring silver's under-performance vs. an exploding gold won't help anyone.
a volcker move could happen, but only in hyperinflation. I am trying to think out of the box - so - what would seem like suicide - interest rates to the moon, while printing all of our money - would effectively send monitary unit to the basement, and assets would reset after the dust settled. it would be a sort of hail-mary and the genie would be out of the bottle. No reason why the fed would do this, unless they simply wanted to control the ball.
"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative."
-- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.
the mentioned $6 rule ceased quite some time ago and was replaced with a 2 and 1% rule where POG IF it went up hard it would be capped at 2% and next day would be muted with a 1% gain at most and then third day there would be a smack down. But this rule seems to have ceased to function as well. Surpression is coming to an end.
Probably the main reason silver has not moved that much, is deep sociological scar left by May 1th smackdown. Also, seems to be powers capable to shed off 2-3 bucks at will. Almost anytime they want. Big discouragement for traders and investors.
Demolish the middle class. The plan is working. Oh, it's just a mistake. Ya, sure. By the way, middle class includes millionaires. A few have been inducted to the club, like Oprah, but not you. There will be a few intelligent people to talk to after.
Jim S was talking about the 1764 level well back into the low 1600s. It really is a "spooky" the way he predicted this latest surge and fight at the 1764 level.
Seems to me that we entered the new phase when gold supassed the price of platinum - I don't think the price can be espressed by an exact number like Jim Sinclair suggest, because these things are very relative.
@SlvrStkr2, The powers don't want wealth exiting the stock market to go into silver, they want the wealth to enter bonds and fiat. In 2008 both gold and silver fell when the stock market crashed. I'm expecting the same, possible drop of 30% then smooth sailing after that, perhaps silver will $60 within few months. Be patient, let them play their games while they still can.
I can tell there struggling , they cant let it go down to much because there isn't the supply and they cant let it go up because silver alone will crash the ponzi scheme economy by itself .
There got there pants down and were about to squash there nuts in-between two bricks .
or, not. A volcker move would create a avalanche of all CDS as 80% of these are interest rate sensitive. Financial Armageddon. But, would the FED do this in a measured way? No. They would be removed instantly by the Congress. Even the FED is trapped as they must work in a measured and rational way. They do not have carte blanche to act in a MAD manner (nuclear style). So, we remain in zirp for the next generation. Buy Silver, Silber, Argent, whatever you want to call it.
I remember getting BBQ'd for buying silver at $10/oz and Im still gettin an earful today. The prudent man forseeith the danger while the simple pass on and are punished.....
Motoicon 7 months ago
why are the volume spikes even all across the chart in the fed rally video clip? looks like that was not natural....
FearAndLoathing888 7 months ago
F***ING AWESOME!
VegasRage 7 months ago
I still say this is all fake, and they can stop it any time they want.
Bernanke said he has 100% control over the economy.
and Modern Money Mechanics ... well, yes he is.
also, do the math - 15trillion divided by 320 million is about 41 million per person. how much do you have access to ? see it all fake.
BornPatriot 7 months ago
@BornPatriot you have a vew extra zeroes in your math... It works out to $46875
shawnski001 7 months ago
"Don’t get discouraged by silver not doing as well as gold the last couple of trading days, it is building a base for a breakout above $42. Once that occurs...silver will in all likelihood shoot straight to $50."
--James Turk, August 8, 2011
Now, only some of our YouTubers would answer legitimate concerns and questions in a similar fashion.
UPDATE: Gold and Silver initially up in Asia, now both down by less than 1%.
PiroozAzDirooz 7 months ago
While i love your videos, you're way too long-winded. You takes years to explain very simple points. You don't need to give 50 examples, we already get the gist by the first one. Otherwise, great work!
Wetalkyoudie 7 months ago
Re: "Evidence suggests that most investors are risk-averse." This may be true based on the *perception* of the investor, who may be very misinformed. For example, ratings like AA+ or "high quality" - the ratings agencies use an algorithm to come up with a number, but these are based on Gaussian "normal" distribution assumptions, which don't apply to nonlinear systems like markets. Case in point - the Russian 1998 default that collapsed Long Term Capital Management.
toluca56 7 months ago
I agree with your "conviction on fundamentals, entry on technicals" philosophy. Instead of trying to pick prices, I find it works well to average in when the stochastics (%D) crosses below the 50 line. Sort of like dollar cost averaging, but instead of time dependency it is stochastic-dependent for entry. This had buying zones from Nov. 16-18 (2010), and in 2011 Jan. 7-31, May 4-23, Jun 14-Jul 6, and presently from Aug. 8. But trend-lines are OK too.
toluca56 7 months ago
could we be seeing a "loss of confidence" in the fed and thus the dollar in the not-too-distant future?
giggitygiggity890 7 months ago
Like your analysis, BJF. I think you're somewhat over bullish with your silver target but that's your perogative. As long as you keep some perspective then you wont get hurt. Too many people only look at things from one angle. You are clearly on the pessimistic side when it comes to the markets so I would say this:
When most people are still too niave/ scared to buy PM's and when bonds/ banks are paying (real terms) less than 0% there's no-where else to really put money than the stock market.
ShillBasher 7 months ago
Comment removed
ShillBasher 7 months ago
I'm a bullion bull but you better be careful here because this is the same euphoria that occurred right before silver missed it's $50 Hunt Brother target price and got slammed. We could be very well looking at a massive metal takedown and then we will be watching another 6 months of videos talking about "manipulation" all over again. There's more than silver to look at right now so get some diversity. Just a thought and word of caution. I'm The News UNIT Blogspot by the way so I'm watching.
newsunit 7 months ago
@assilvertried7x yes, that's from Eric's channel. He's found some incredible, eye opening information by delving through gov meeting minutes. I wondered where the 'bond vigilantes' went to and he explains why they're not having an effect on the bond markets.
striving4simple 7 months ago
how can a "bankrupt" entity "loan?"
-
the "Federal" Reserve lent $16 trillion to both domestic and overseas financial institutions from Dec. 1, 2007 - July 21, 2010. More than $3 trillion dollars were lent to overseas financial institutions in numerous countries, including in the U.K., Germany, and France.
banks who created the crisis were rewarded - including nearly $8 trillion to banks like Citigroup, Morgan Stanley, Merill Lynch, and Bank of America
it is "pouring empty into the void"
wolfgangfaust 7 months ago
the USGov has no serious plan to balance spending
all fiat currencies fail when the Gov issuing said currency gets into a debt corner
the silver market is so small it will show the approaching failure first
the people who asked me if gold was going to $2500 are now asking if it will go to $3000 - they've accepted that $2500 will happen
Silver breaking out will truly be frightening...
striving4simple 7 months ago
@striving4simple Indeed
BrotherJohnF 7 months ago
Or -
FED wants the stock market higher as their member banks only have this to get their gains. They also know this will not last, so they need one last hurrah until they can arbitrage out of these - and into hard assets. But, they will be like fellow criminals all holding the gun on each other - and then it will bust loose as they run for the exits. Extend and pretend as this nice phrase says - is more pretend than actually extend.
JThompson1057 7 months ago
@JThompson1057 -i think the wild gyrations are an indicator of everything starting collapse. everything actually "crashed" in 2008-only the fed "loaning" 16 trillion to US and EU banksters has been able to wallpaper over his fact. it is only because the dollar is reserve currency that they fed was able to do this. French banks are in trouble today, and Germany has said the hell with bailing out "big" counties like Spain.
they-re buying/selling , laughing all the wall to the bank that they own.
wolfgangfaust 7 months ago
Oh yeah silver will "Catch up" any day now, just don't hold your breath on that.
At least Bernanke says what he does, and does what he says, you gotta give him that. Over here though, we're good in selling fnatasies to inexperienced investors who are holding a metal that's stagnating and playing dead while gold goes to the moon.
Nice going indeed.
PiroozAzDirooz 7 months ago
@PiroozAzDirooz - so who should we listen to-these George Washington and Voltaire, or your "posting in your BVDs' down in mommys' basement troll act?' i suppose you're a big fan of obamao, too right?
''Paper money has had the effect in your State that it ever will have, to ruin commerce -- oppress the honest, and open a door to every species of fraud and injustice.''
-George Washington
"paper money eventually returns to its' intrinsic value-nothing"
-voltaire 1729
wolfgangfaust 7 months ago
@wolfgangfaust That's very poignant, but also quite irrelevant as silver still lags gold right now.
PiroozAzDirooz 7 months ago
Gold is starting to look like the volitile silver chart..Will this market end up being shorted and margin manipulated?? Gold is up 47 bucks for the midmorning price. wow.. The DJIA is down 480+, but came back yesterday about that much.. Managers were looking for good buys yesterday.There are funds that have to be 100 % invested. If they can't find worthwhile stocks, they should be chased in to PM paper markets..??? Only a matter of time.
wwood14 7 months ago
Your obvious blasé attitude towards silver sleeping in bed languishing while gold is making all-time highs every single day this last week or so is quite interesting. Given the fact that you have pumped silver up to "4-digits" in these vids, and now are just "I don't care" about it stagnating while all PMs are rallying hard shows that you are more of a stretched fantasy salesman than anything else.
Silver is gonna move and be in 4-digits. Any Day Now. LOL
PiroozAzDirooz 7 months ago
@PiroozAzDirooz Maybe you should have been buying since 2003 like I have been. Last time I checked silver is up 27% for the year and gold is up 25%
BrotherJohnF 7 months ago 9
@BrotherJohnF I bought 2 years after you.
PiroozAzDirooz 7 months ago
@BrotherJohnF Yearly gains granted, but what begs to be acknowledged & answered is the extremely poor performance of silver vs. gold since gold started its
"melt up" recently.
e.g., James Turk said recently: "Don't be disappointed w/ silver lagging. It's just building base for going over $42; &after that it will go straight to $50."
That's both an acknowledgment as well as an explanation w/ a plausible scenario. Just ignoring silver's under-performance vs. an exploding gold won't help anyone.
PiroozAzDirooz 7 months ago
@PiroozAzDirooz dude what's your point? silver is lagging....you just acknowledged that....its not "underperforming"
giggitygiggity890 7 months ago
BJF-
a volcker move could happen, but only in hyperinflation. I am trying to think out of the box - so - what would seem like suicide - interest rates to the moon, while printing all of our money - would effectively send monitary unit to the basement, and assets would reset after the dust settled. it would be a sort of hail-mary and the genie would be out of the bottle. No reason why the fed would do this, unless they simply wanted to control the ball.
JThompson1057 7 months ago
Gold is making new all-time highs every day in the last 1.5 weeks, while silver is sitting in bed playing with its nuts.
Congartulations to all silver YouTubers, I am sure we will have "4-digit silver" ANY DAY NOW! LOL
PiroozAzDirooz 7 months ago
@PiroozAzDirooz -piss off, ben.
wolfgangfaust 7 months ago
@wolfgangfaust Sorry you must have a lot to lose. Get some air, it's OK. Go for a walk while we are all waiting for 4-digit silver LOL
PiroozAzDirooz 7 months ago
@PiroozAzDirooz -
"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative."
-- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.
wolfgangfaust 7 months ago
@wolfgangfaust Very true, but silver is still lagging gold. It seems that gold has been "chosen" as the precious metal for the"honest money", no?
PiroozAzDirooz 7 months ago
Here's another way the FED is manipulating interest rates.
FRAUD: Federal Reserve Is Selling Put Options On Treasury Bonds To Drive Down Yields
youtube.com/watch?v=ZnZnkaq8Nf8
striving4simple 7 months ago
the mentioned $6 rule ceased quite some time ago and was replaced with a 2 and 1% rule where POG IF it went up hard it would be capped at 2% and next day would be muted with a 1% gain at most and then third day there would be a smack down. But this rule seems to have ceased to function as well. Surpression is coming to an end.
PeaknikMicki 7 months ago
Probably the main reason silver has not moved that much, is deep sociological scar left by May 1th smackdown. Also, seems to be powers capable to shed off 2-3 bucks at will. Almost anytime they want. Big discouragement for traders and investors.
rytis1 7 months ago
Demolish the middle class. The plan is working. Oh, it's just a mistake. Ya, sure. By the way, middle class includes millionaires. A few have been inducted to the club, like Oprah, but not you. There will be a few intelligent people to talk to after.
thetimman00 7 months ago
Jim S was talking about the 1764 level well back into the low 1600s. It really is a "spooky" the way he predicted this latest surge and fight at the 1764 level.
cpnscarlet 7 months ago
Thanks B John. Always interesting .
GuildF40 7 months ago
clarity.
joe9083 7 months ago
Btw agreed on the rates; they can set a price even for a box full of sh!t to whatever they want if they pledge to buy it.
MushroomCloud666 7 months ago
YOU ROCK, BJF!!!!! I am subscribed and watching eeeeeeeeevvvvvvvery joint you drop!
beeaura 7 months ago
Seems to me that we entered the new phase when gold supassed the price of platinum - I don't think the price can be espressed by an exact number like Jim Sinclair suggest, because these things are very relative.
MushroomCloud666 7 months ago
Perfect analysis, thanks
k1000o73 7 months ago
After the stock market crashes they will release the brakes on silver.
0urGaia 7 months ago
@0urGaia Why do you say that? I'm just curious. I'm frustrated with the silver performance, their manipulation is ridiculous.
SlvrStkr2 7 months ago
@SlvrStkr2, The powers don't want wealth exiting the stock market to go into silver, they want the wealth to enter bonds and fiat. In 2008 both gold and silver fell when the stock market crashed. I'm expecting the same, possible drop of 30% then smooth sailing after that, perhaps silver will $60 within few months. Be patient, let them play their games while they still can.
0urGaia 7 months ago
silver wants to surge but they wont let it .
I can tell there struggling , they cant let it go down to much because there isn't the supply and they cant let it go up because silver alone will crash the ponzi scheme economy by itself .
There got there pants down and were about to squash there nuts in-between two bricks .
BIGHAIRYSILVERBALLS 7 months ago
John,
i get a few people who ask me won't Gold crash like in 1980....
apart from the fed not being able to raise rates to 20% this time around -
mainly due to the USA being the biggest creditor nation back then -
as apposed to now it being the biggest debtor nation.....
have i missed anything?
dojufitz 7 months ago 5
@dojufitz Nope. A Volcker type move means instant bankruptcy.
BrotherJohnF 7 months ago 2
@BrotherJohnF
or, not. A volcker move would create a avalanche of all CDS as 80% of these are interest rate sensitive. Financial Armageddon. But, would the FED do this in a measured way? No. They would be removed instantly by the Congress. Even the FED is trapped as they must work in a measured and rational way. They do not have carte blanche to act in a MAD manner (nuclear style). So, we remain in zirp for the next generation. Buy Silver, Silber, Argent, whatever you want to call it.
JThompson1057 7 months ago
nice one .
greenknightist 7 months ago
Great work you are doing BrotherJohnF. Thanks from humanity! :)
censorednewsnow 7 months ago
love your vids
MrPhajlee 7 months ago
Gold ready to go to the moon John.
OurTimeIsOut 7 months ago
TPTB are defending $1764 like Jim said they would. Look how obvious it is on that chart in the beginning of your video.
blazefury2010 7 months ago
Great video John.
IslandStyle123 7 months ago
great!
greatwf 7 months ago