I see this one of two ways... either silver will increase in value and I'll still buy what I can afford, or it will decrease in value and I'll still buy what I can afford... either way I'm buying and holding.
@davincij15 I've read T Butlers commentary but i seem to have trouble understanding how an addition of 6000 short contracts can result in a sharp correction that takes place WEEKS after this event..... I assumed price actions was a rather direct process, (Dumping 6000 contracts, followed by a direct digital correction of price). Explain this to me please..
The 6000 contracts can be added as a spread trade then the banks can take off the their longs at any time and and drop the price. However this time the market absorbed the 6000 short contracts because the price was about to explode. That absorbing causes traders to be frustrated and sell at a smaller profit since they cant by twice.
@davincij15 Spread trade? So basically the 6000 contracts were initially dumped when the bids from potential buyers were still high enough, causing the market to maintain it's upward trajectory.... and 6 weeks after at midnight they dump contracts (they = JPM) again causing it to stall? Did they cover any shorts... and which short contracts do they actually cover... they just purchase other metal? Or do they agree with long holders that their contract will be liquidated.....
No crystal ball just Ted Buttler he is the guy who called it not me. But he does not come out and say it out right you need to read between the lines with that guy.
@1MPR3551V3 if you look at the series of gold & silver videos I've made you can see I called it using pure math on the price action alone. ht tp://flic.kr/p/9zaWn1
This series of charts is able to look ahead 6.5 months or 131 trading days.
The math is not secret, it's in the videos but I will explain to anyone who asks how to construct it. "sample download" is also a helpful video I made to get data to build your own chart
Great video ...I think $40 will be a benchmark for many to sell too...So prices will fall, and it will be a great time to buy....But it will come back quickly.
@a2zhandi since 1971 gold and silver have been going up and up in price , that is only because U.S.dollar have been devaluing slowly - how soon do you see U.S. dollar regaining some of the loses ? will price of bread go down or will it go up ? what do you think ? and do you think when prices of everyday things are rising from year to year ,will the price of gold (or silver) go down or up ? - not hard to see the relation gold has with everything else ...
@davincij15 I think as long as people want to have dollars, and FED banks are able to print them, this will work. The comex cannot run out of silver, that is the catch. I think they have between 20M and 40M ounces from what I've read. So the default will occur a little later, not this month. June perhaps.
Buffet purchased 125 million oz with pocket change! That's the point. No more buying can come into the market without a collapse or WAY higher prices.
@Tanarus20 "correction" just mean its been overbought by the market recently - market momentum / "irrational" exuberence overshoots its rightful price mark and it then pulls back a little (but not all the way back to where it started its run - that is often called a "retrace"
@Tanarus20 I wouldnt call a downtick in price due to JPMs short contracts BS a "correction" (as the price is not even close to overbought) - I'd call it "downward manipulation." "Downpulation?" LOL
Nothing in the market that's very liquid (meaning you can sell it fast at market rates) goes up in straight line. There are people in the market speculating and thus they sell once the make a small profit. This takes the price down and is called a price correction.
i sent a message to a few of my friends on facebook, and one of them was this really clever guy, and i laid it all out for him, nobody else commented, but the smart guy said "no i dont believe it for a second, nothing is that easy" its all supply and demand, what could be simpler ???
Supply and demand is what's causing the price to go up. The supply of dollars is increasing and the amount of items in the economy is decreasing as economic activity slowly grinds down.
JPM can do whatever they want when the Fed pays them off for their losses. Their games will go on for as long as the Federal Reserve exists. It's hard to go bankrupt when you can print as much money as you want.
A big pullback is NECESSARY if we want this long term rally in metals to continue for a long period of time. I personally hope it pulls back for all of our sakes, but also so the parabolic peak isn't so insanely fast. Because it's harder to time when to get out. But I'm never selling!
JP Morgan has been shorting silver for 'years' and still the 'trend' in silver has been up regardless. Yes it goes down when they did this, used to be for weeks or months. Now it is for days or 'hours', accumulate every month, disregard the volatility.
Because of the focus on world events, average people getting a better understanding of the word 'fiat' (dollar), we are in for larger spikes soon-up AND DOWN, but the trend will assuredly be UP
Normal correction for the silver market. Nothing to worry about in regarding the short term up trend until it breaks down below 33.75, then we are in a short term down trend.
What have you got? if you have something of value to offer, it would be more helpful to share THAT rather than the "unconstructive" criticism. Nearly everything I've ever seen presented here has been someone's "ideas"/opinions (and usually presented as such).That hardly makes the info baseless or useless as your cynical tone suggests. FYI, these "baseless ideas" have changed many lives and has helped make some folks a small fortune!!! Thx Davinci. I for one appreciate what you do.
@davincij15 Is that so they dont make it look too obvious or until they accumulate a bigger short position? I guess I will never get their trick nor understand how to perfectly time their short selling scam. Isn't it all programmed into their super computers with some algorithms designed by some mathematician/computer scientist/ engineer/statistician genius who lacks any consciousness?
Boss here in India, bullion dealers are tending to charge higher and higher premium despite price pullback in last week because everything is going in backorder.
$^&##^^ paper currency. I am better off holding metals regardless of price. BTW I own farming land and an energy efficiency company :)
Rather than sell out of silver now and get back in later a person could buy put option contracts on SLV to protect the downside. That is the insurance hedge that options are meant for. Hold them for the 3 to 6 week period and sell them back.
There will be a lot of buyers in line if the Morg. messes with the price, we've learned how to play thier BS games. a lot of us are sick of it all, so buy up when the prices go down...
I don't know for sure what's going to happen I can only tell you what has happened before and every time such a large short position gets added by the big guys it takes down the market 100% of the time.
@davincij15 Well we will have to try to make it a larger long position, best wishes to us all... ain't enouph physical to buy more than the paper, but we can buy a lot more silver to squeeze the physical out, maybe it don't matter they can just make it a 10,000 to 1 paper to physical, it's all a game, like i said im sick of it all. thanks for the video davincij15.
I am going to Boston at the end of april do you know any good silver bullion store where I can get some special bullion like your thanks ps question is open to the all silver you tube community
Have you noticed that APMEX always seems to be out of a lot of bars when silver is at lower levels then when the price is at a 31 year high there fully stocked up again. pretty fishy
@NovusChaoMundi Wouldn't it make sense that more people would be buying at cheaper prices thus depleting APMEX' supplies more quickly? This is what I would do. ; )
The correction will happen soon, I see 2008 happening again. Everything is going to take a hit. Silver at $25-$30!! Buy on the pull backs, because silver is going to $50 end of the year and over $100 in 2012+
@charlesfuchs But how can you say to buy on the pull back if you can't guarantee there will be one. I see an unstable climate ahead and it appears that we've just set a resistance at around 35.60. I'm no professional but I'd say to keep buying at this leveling off period while we have the chance. Who knows we could wake up tomorrow and see a 10% spike coming in from the asia markets on new when haven't received yet. the point is if silver is gonna hit $50 you still made a great investment @ $36!
You aren't supposed to sell money, you're supposes to use it to buy things with.
When people (skeptically) ask me what my exit strategy is, I tell them it's to buy silver :P
Unfortuntely I stopped buying it at 15.40 (that last time it pulled back from like 20 to 14.50. Before I got my recent job, 1/3 of my money was silver. Now around 1/6 of it is since I didn't use my earnings to buy silver (like i should have...)
I just got out of metals for the first time in 7 years. That's where I'm at. I think the FED will raise rates soon. Lower inflation, but it will kill any growth. Slow motion train-wreck of massive unemployment, foreclosures, and infrastructure sell-offs.
Thanks for the update. I did not get why 3-6 weeks after JPM is selling naked short silver on Comex we should have a paper price correction? Is just because it is usually happens or there is a real technical relation?
Silver is sold out all Mints are in back order. From my understanding if paper price goes down at this point we will see a real disconnect with physical price. Mints will just sit on whatever little inventory they have. I dont see any reason for significant pull back before 100+$
@Alexiscom1 I agree. The physical price is leading the paper price, if the price drops the chinese will buy a couple of a million ounces and create an even bigger headache for the COMEX. I disagree with Davinci calling a price drop a correction, a price drop would not be a correction, a price drop would be a raid from the COMEX. A correction will see prices go into the mid $1000'S.
I havent done it yet, but im toying around with the idea of buying puts on SLV when I feel a correction is due instead of trying to trade out of my core position.
@Equity213 Check out ZSL its a double short silver, I dont like options because they expire. this would be a safer way of shorting. Have you thought of playing the gold silver ratio? I just bought 2 golds at 40 ratio, if silver corrects i could gain 5 or 10 oz's.
being a farmer i only get paid twice a year and i get paid in 1 months time , im praying for a pull back and silver under $35.00 in 1 months time so i can add to my collection
Jim Sinclair a Multi Billionaire is on record stating that Gold will be $3000-$5,000 and Oz in June. So let me see 6 weeks from now will bring us to May. Maybe we do get a short but sweet 10% correction before silver doubles to $75-$80 maybe we dont. Just keep buying month in and month out dollar cost average your purchases and screw worrying about corrections!
@jonah70757 im not risking waiting for price to drop whenever i have money to buy silver im buying it i dont care about price its still cheap, im trading paper for real money!! next week im buying another 20oz again
@jonah70757 +1 - Keep Stacking on a constantly, and it all averages out. Remember, most have been stacking before silver hit $17 per ounce. Buy what you can, when you can.
@jonah70757 Jim Sinclair also said gold would be 1650 by January 10th 2011. He lay a bet out for 1 million, luckily for him no one took the bet on. In the long run Gold and Silver will be going higher I wouldnt listen to any one giving price projections when you got the major banks manipulating markets.
@GoldMoneyChannel True but he later qualified his prediction that if gold is not $1650 by January 15th Gold would then be $3000-$5,000 by June. Now as for me I dont listen to anyone but I do use my own intuition. However a Billionaire Trader who specializes in Gold, whose Father Bertrand Seligmman ran with Morgan and Rothschild in Old Europe, is one that has better knowledge and info than the average. His mothers family line was merovingian. I take Sinclairs opinion as an indication.
@GoldMoneyChannel Jim Sinclair gives solid advice....Buy physical, take delivery, do not use margin or debt. All short term movements in this market is noise. Long term up. That is all that matters. Unless you are a trader.
@jonah70757 - Sinclair NEVER said gold will be $3000 -$5,000 in June. He has always maintained that Gold will top $1650 this year and he expects that his call will be on the low side.
@goldenoldie5000 I am sorry you are mistaken. It was all over google. I did a video on it 12/10/2010 here on youtube called Will Gold Hit $3,000 - $5,000 by June 2011? I also mentioned it in another vid called Predictive Programming in movie 2012 may indicate 2011 as the Year of Chaos. mmmmm so how has 2011 turned out to be so far? huh? Dead Fish, Birds, animals, devastating earth quakes, storms, locusts in Australia. Its only getting warmed up. Just wait.
good vid bro. keep stacking guys and hold long. when there is a correction don't trip and sell... you will regret it in the long run i think, unless you are able to rebuy in with profit after.
I too heard the 80% figure, but a source of mine indicates it was indeed hefty but not as high as 80%. In any case, the Comex is bust and only hanging on due to being propped up by fake paper. Kind of like the entire economy!
If we get another dip I'll just buy more. The physical supply is getting very tight. Any correction will be met with mad buying of physical and we'll see the digital price left behind in the dust as we discover what cold hard bullion is actually worth - a lot more than now!
@drutter Do you think that the COMEX would go to being a 100% cash market (rather than just raising margins) before finally going bust??? Just a thought. of mine.
I understand what you're saying but won't it look very silly, to the point of folks starting to laugh at the paper market if the price takes a dive and Apmex and Kitco are still out of 2011 Maples and low on bars? Apmex ran out of 2011 Maples today. Kitco ran out a few days ago.
I can see those people that got the 80% premium to not take delivery of their silver doing it again. They would be fools not to. Then they could take that 80% and buy their silver someplace other than the COMEX. It may still have the effect of driving up the price of the silver at COMEX.
I see this one of two ways... either silver will increase in value and I'll still buy what I can afford, or it will decrease in value and I'll still buy what I can afford... either way I'm buying and holding.
Nnells421 9 months ago
great analysis, Davinci!!!
Annihilate3275 9 months ago
Dude, next time you call correction, I will be listening.
tikiduck 9 months ago
@tikiduck
Yeah well major corrections are easy its the day to day stuff that's hard to see.
davincij15 9 months ago
@davincij15 I've read T Butlers commentary but i seem to have trouble understanding how an addition of 6000 short contracts can result in a sharp correction that takes place WEEKS after this event..... I assumed price actions was a rather direct process, (Dumping 6000 contracts, followed by a direct digital correction of price). Explain this to me please..
Cinnafury 9 months ago
@Cinnafury
The 6000 contracts can be added as a spread trade then the banks can take off the their longs at any time and and drop the price. However this time the market absorbed the 6000 short contracts because the price was about to explode. That absorbing causes traders to be frustrated and sell at a smaller profit since they cant by twice.
davincij15 9 months ago
@davincij15 Spread trade? So basically the 6000 contracts were initially dumped when the bids from potential buyers were still high enough, causing the market to maintain it's upward trajectory.... and 6 weeks after at midnight they dump contracts (they = JPM) again causing it to stall? Did they cover any shorts... and which short contracts do they actually cover... they just purchase other metal? Or do they agree with long holders that their contract will be liquidated.....
Cinnafury 9 months ago
wow this guy has a crystal ball. Today is may the 5th and silver has been crashing down for 4 days now, from 50$ (almost) to 34,50$
1MPR3551V3 9 months ago
@1MPR3551V3
No crystal ball just Ted Buttler he is the guy who called it not me. But he does not come out and say it out right you need to read between the lines with that guy.
davincij15 9 months ago
@1MPR3551V3 if you look at the series of gold & silver videos I've made you can see I called it using pure math on the price action alone. ht tp://flic.kr/p/9zaWn1
This series of charts is able to look ahead 6.5 months or 131 trading days.
The math is not secret, it's in the videos but I will explain to anyone who asks how to construct it. "sample download" is also a helpful video I made to get data to build your own chart
ht tp://chart.l y/us5bwx4 ht tp://flic.kr/p/9F86qm
ytgv3fc7 9 months ago
It's been 8 weeks and no correction. The price is in fact almost $50.
YOU WERE WRONG!!!!!!!!!!
mysql0 10 months ago
@mysql0 No my friend, YOU are wrong. Ag hit a high of 49.85 and a low of 44.62, that's about a 12% decrease. It's currently fighting at 45.
thrasher956 10 months ago
You wuz wrong....and ugly.
BassBuffett 10 months ago
i think you're right, its going parabolic right now which in 99% of cases is unsustainable.
otacon451 10 months ago
Great video ...I think $40 will be a benchmark for many to sell too...So prices will fall, and it will be a great time to buy....But it will come back quickly.
Uwiluz60 11 months ago
is that really "liberty" leaf on that silver coin ?! - it looks a lot like a dope leaf to me ;) lol
artyfarty3 11 months ago
Thanks for shoring up my little theory that the investment in what ever they push is a loose loose situation.
That is for the little guy. The big players always win. Why?
Because they control the markets!!!
Don't buy, Don't comply
a2zhandi 11 months ago
@a2zhandi since 1971 gold and silver have been going up and up in price , that is only because U.S.dollar have been devaluing slowly - how soon do you see U.S. dollar regaining some of the loses ? will price of bread go down or will it go up ? what do you think ? and do you think when prices of everyday things are rising from year to year ,will the price of gold (or silver) go down or up ? - not hard to see the relation gold has with everything else ...
artyfarty3 11 months ago
@artyfarty3 so if the dollar becomes worthless, does that mean gold & silver will rise infinitely?
That doesn't make any sense. To me, gold is as worthless as silver and the dollar.
Which are vehicles to show ones accumulated wealth. Which also doesn't make sense.
Thanks
a2zhandi 11 months ago
could go up till 48 or something till the correction
PurpleHeart1 11 months ago
Was it Harvey Organ that said JPM recently added 6,000 short contracts because they had to, no one else was selling. It was an intervention.
puapake 11 months ago
@puapake
He was not the only one but the Bank participation report clearly shows 6000 contracts added.
So expect a run to $50 and HUGE collapse back down to 40 or 31.5.
davincij15 11 months ago
@davincij15 Thanks, I'll be ready to take full advantage of it.
puapake 11 months ago
@puapake
PLEASE understand that even though that JPM has been successful 100% of the time does not mean this time they will be able to do it.
davincij15 11 months ago
@davincij15 I think as long as people want to have dollars, and FED banks are able to print them, this will work. The comex cannot run out of silver, that is the catch. I think they have between 20M and 40M ounces from what I've read. So the default will occur a little later, not this month. June perhaps.
puapake 11 months ago
@puapake
Buffet purchased 125 million oz with pocket change! That's the point. No more buying can come into the market without a collapse or WAY higher prices.
davincij15 11 months ago
On March 8th, 2011, on the website "321gold", Bob Moriarity made the downturn call and you're just passing along exactly what he said
goldenoldie5000 11 months ago
davincij15
What exactly is a price correction?!?!?
Tanarus20 11 months ago
@Tanarus20 "correction" just mean its been overbought by the market recently - market momentum / "irrational" exuberence overshoots its rightful price mark and it then pulls back a little (but not all the way back to where it started its run - that is often called a "retrace"
BiggerThinking1 11 months ago
@Tanarus20 I wouldnt call a downtick in price due to JPMs short contracts BS a "correction" (as the price is not even close to overbought) - I'd call it "downward manipulation." "Downpulation?" LOL
BiggerThinking1 11 months ago
@Tanarus20
Nothing in the market that's very liquid (meaning you can sell it fast at market rates) goes up in straight line. There are people in the market speculating and thus they sell once the make a small profit. This takes the price down and is called a price correction.
davincij15 11 months ago
Love that "End the Fed" round.
karenbcz22 11 months ago
i sent a message to a few of my friends on facebook, and one of them was this really clever guy, and i laid it all out for him, nobody else commented, but the smart guy said "no i dont believe it for a second, nothing is that easy" its all supply and demand, what could be simpler ???
wesleytarbuck 11 months ago
@wesleytarbuck
Supply and demand is what's causing the price to go up. The supply of dollars is increasing and the amount of items in the economy is decreasing as economic activity slowly grinds down.
davincij15 11 months ago
JPM can do whatever they want when the Fed pays them off for their losses. Their games will go on for as long as the Federal Reserve exists. It's hard to go bankrupt when you can print as much money as you want.
A big pullback is NECESSARY if we want this long term rally in metals to continue for a long period of time. I personally hope it pulls back for all of our sakes, but also so the parabolic peak isn't so insanely fast. Because it's harder to time when to get out. But I'm never selling!
brown55061 11 months ago
JP Morgan has been shorting silver for 'years' and still the 'trend' in silver has been up regardless. Yes it goes down when they did this, used to be for weeks or months. Now it is for days or 'hours', accumulate every month, disregard the volatility.
Because of the focus on world events, average people getting a better understanding of the word 'fiat' (dollar), we are in for larger spikes soon-up AND DOWN, but the trend will assuredly be UP
LOAD UP while your dollar is still able
MrGAB4444 11 months ago
MARCH 10 10:09 AM SILVER $ 34.93. Down $ 2 ish from High. Whats up?
SPECTORMAN1973 11 months ago
@SPECTORMAN1973
Normal correction for the silver market. Nothing to worry about in regarding the short term up trend until it breaks down below 33.75, then we are in a short term down trend.
No market goes up in a straight line.
davincij15 11 months ago
you are right... thanks
bambipower1 11 months ago
@bambipower1
This pull back was not what I was talking about.
davincij15 11 months ago
have to pay 80% premium , That tells me they have no silver
silverjunky999 11 months ago
I'm not droppin my silver... i'm just getting a second job. lol
josda1000 11 months ago
Yes, wait for correction if you are really tight on disposable income, if not just keep buying periodically on a weekly or monthly basis!
hendo19742 11 months ago
Here comes $25? lol
charlesfuchs 11 months ago
Dude! Don't know how I stumbled upon this vid, *have an idea or two tho lol*
Yeah I like that ETF silver coin but I wanna know somethin. Where did you find that Beautiful gal in this vid!? lol okay I'll shutup now (>_>)
BankstersR4Communism 11 months ago
you got no factual info..
just ideas...
Donninator1 11 months ago
@Donninator1
What have you got? if you have something of value to offer, it would be more helpful to share THAT rather than the "unconstructive" criticism. Nearly everything I've ever seen presented here has been someone's "ideas"/opinions (and usually presented as such).That hardly makes the info baseless or useless as your cynical tone suggests. FYI, these "baseless ideas" have changed many lives and has helped make some folks a small fortune!!! Thx Davinci. I for one appreciate what you do.
curiousjorg 11 months ago
This has been flagged as spam show
@curiousjorg your comment had no connection to mine regarding the title and message of his video.
I've been watching for awhile, and in this video It was opinion instead of fact..
you need to do the research yourself and stop listening to ones that pretend to do it for you!
Donninator1 11 months ago
Where'd you get that "End the Fed" round?
troybr79 11 months ago
So that is right around tax time in the U.S.??? Interesting. Gold and silver are money.Get some. Be well and have some fun , Bob
boob1019 11 months ago
I loke the end the fed coin he has. I wouldn't doubt that silver will go up to $40 an ounce.
hstone39 11 months ago
So I should hold off buying another 3000 ounces?
32937isready 11 months ago
@32937isready Never! just see what the market is doing and if you have the money to spare, buy what you can when you can!
silversafety30 11 months ago
Awesome! Where'd you get the 'End The Fed' round?
AgStrat 11 months ago
@AgStrat google search "end the fed coin"
ATL45 11 months ago
Why not a correction in the next couple of days or week? Why you say 3 to 6 weeks? Just curious? Thanks!
charronfamilyconnect 11 months ago
@charronfamilyconnect
That's the time range that silver takes a hit when JPM piles on such large shorts.
davincij15 11 months ago
@davincij15 Is that so they dont make it look too obvious or until they accumulate a bigger short position? I guess I will never get their trick nor understand how to perfectly time their short selling scam. Isn't it all programmed into their super computers with some algorithms designed by some mathematician/computer scientist/ engineer/statistician genius who lacks any consciousness?
charronfamilyconnect 11 months ago
@charronfamilyconnect
Don't know but,
Doubt it because a computer would not put exactly 6000 short contracts.
davincij15 11 months ago
Boss here in India, bullion dealers are tending to charge higher and higher premium despite price pullback in last week because everything is going in backorder.
$^&##^^ paper currency. I am better off holding metals regardless of price. BTW I own farming land and an energy efficiency company :)
evergreensing 11 months ago
Rather than sell out of silver now and get back in later a person could buy put option contracts on SLV to protect the downside. That is the insurance hedge that options are meant for. Hold them for the 3 to 6 week period and sell them back.
mrcell61 11 months ago
There will be a lot of buyers in line if the Morg. messes with the price, we've learned how to play thier BS games. a lot of us are sick of it all, so buy up when the prices go down...
MrARGENTUM47 11 months ago
@MrARGENTUM47
I don't know for sure what's going to happen I can only tell you what has happened before and every time such a large short position gets added by the big guys it takes down the market 100% of the time.
davincij15 11 months ago
@davincij15 Well we will have to try to make it a larger long position, best wishes to us all... ain't enouph physical to buy more than the paper, but we can buy a lot more silver to squeeze the physical out, maybe it don't matter they can just make it a 10,000 to 1 paper to physical, it's all a game, like i said im sick of it all. thanks for the video davincij15.
MrARGENTUM47 11 months ago
JP Morgan is at the same time bleeding from its massive silver short derivatives
scarinit 11 months ago
"liberty leaf" lol. love the end the fed round. where did you get it?
AnarchoCapitalistTV 11 months ago
I am going to Boston at the end of april do you know any good silver bullion store where I can get some special bullion like your thanks ps question is open to the all silver you tube community
THESHADOWATCHER 11 months ago
If it does that would be great. The question is, what price will it be correcting from? Probably around 50.00.
62636263c 11 months ago
Have you noticed that APMEX always seems to be out of a lot of bars when silver is at lower levels then when the price is at a 31 year high there fully stocked up again. pretty fishy
NovusChaoMundi 11 months ago
@NovusChaoMundi Wouldn't it make sense that more people would be buying at cheaper prices thus depleting APMEX' supplies more quickly? This is what I would do. ; )
terilooney 11 months ago
The correction will happen soon, I see 2008 happening again. Everything is going to take a hit. Silver at $25-$30!! Buy on the pull backs, because silver is going to $50 end of the year and over $100 in 2012+
charlesfuchs 11 months ago
@charlesfuchs But how can you say to buy on the pull back if you can't guarantee there will be one. I see an unstable climate ahead and it appears that we've just set a resistance at around 35.60. I'm no professional but I'd say to keep buying at this leveling off period while we have the chance. Who knows we could wake up tomorrow and see a 10% spike coming in from the asia markets on new when haven't received yet. the point is if silver is gonna hit $50 you still made a great investment @ $36!
silversafety30 11 months ago
NICE ending, love it.
WIsilverbull 11 months ago
I agree!
PastorDowell 11 months ago
Selling gold/silver makes absolutely no sense.
You aren't supposed to sell money, you're supposes to use it to buy things with.
When people (skeptically) ask me what my exit strategy is, I tell them it's to buy silver :P
Unfortuntely I stopped buying it at 15.40 (that last time it pulled back from like 20 to 14.50. Before I got my recent job, 1/3 of my money was silver. Now around 1/6 of it is since I didn't use my earnings to buy silver (like i should have...)
TheMetalPerson 11 months ago
I just got out of metals for the first time in 7 years. That's where I'm at. I think the FED will raise rates soon. Lower inflation, but it will kill any growth. Slow motion train-wreck of massive unemployment, foreclosures, and infrastructure sell-offs.
mike29571 11 months ago
I love that End The Fed coin!
Ivestor1 11 months ago 13
Davinci, where did you get the Zimbabwe $ note from?
KingDrudge 11 months ago
Cool - I love the End the Fed coin too. Very, very nice D.
Jalleer 11 months ago
Thanks for the update. I did not get why 3-6 weeks after JPM is selling naked short silver on Comex we should have a paper price correction? Is just because it is usually happens or there is a real technical relation?
Silver is sold out all Mints are in back order. From my understanding if paper price goes down at this point we will see a real disconnect with physical price. Mints will just sit on whatever little inventory they have. I dont see any reason for significant pull back before 100+$
Alexiscom1 11 months ago
@Alexiscom1 I agree. The physical price is leading the paper price, if the price drops the chinese will buy a couple of a million ounces and create an even bigger headache for the COMEX. I disagree with Davinci calling a price drop a correction, a price drop would not be a correction, a price drop would be a raid from the COMEX. A correction will see prices go into the mid $1000'S.
EndTheResistance 11 months ago
I guess it's time to jump ship on silver and get into pork bellies.
tuubydude 11 months ago
I havent done it yet, but im toying around with the idea of buying puts on SLV when I feel a correction is due instead of trying to trade out of my core position.
Very little experience with options though....
Equity213 11 months ago
@Equity213 Check out ZSL its a double short silver, I dont like options because they expire. this would be a safer way of shorting. Have you thought of playing the gold silver ratio? I just bought 2 golds at 40 ratio, if silver corrects i could gain 5 or 10 oz's.
sopark434 11 months ago
Ok, now I'm going crazy over the End The Fed coin , dude I'm gettin gme some!!!
mbtrader67 11 months ago
I hope there's a correction 3-6 weeks from now.
I'm pulling out the rest of my RRSP and there's a 2 week processing 5 day hold on pulling out of an RRSP plan.
MyOwnYTAccount 11 months ago
being a farmer i only get paid twice a year and i get paid in 1 months time , im praying for a pull back and silver under $35.00 in 1 months time so i can add to my collection
MrCrazy14eva 11 months ago
@MrCrazy14eva You got it made player, you grow crops. Like Marc Faber says it will be the farmers that come out on time during this crisis.
bigboywasim 11 months ago
Jim Sinclair a Multi Billionaire is on record stating that Gold will be $3000-$5,000 and Oz in June. So let me see 6 weeks from now will bring us to May. Maybe we do get a short but sweet 10% correction before silver doubles to $75-$80 maybe we dont. Just keep buying month in and month out dollar cost average your purchases and screw worrying about corrections!
jonah70757 11 months ago 14
@jonah70757
that's right... I don't sell any of my silver
two years from now we will see silver above 100 $
sinterminator 11 months ago 2
@jonah70757 im not risking waiting for price to drop whenever i have money to buy silver im buying it i dont care about price its still cheap, im trading paper for real money!! next week im buying another 20oz again
cetnik03 11 months ago
@jonah70757 You can buy from me Jonah,
OurTimeIsOut 11 months ago
@jonah70757 Why does he think 3-5k for gold. That makes no sense.Maybe in 2-3 years.
PorscheB06 11 months ago
@PorscheB06 If you understand the times we live in you would not write what you have wrote.
jonah70757 11 months ago
@jonah70757 +1 - Keep Stacking on a constantly, and it all averages out. Remember, most have been stacking before silver hit $17 per ounce. Buy what you can, when you can.
hedge313 11 months ago
@jonah70757 Jim Sinclair also said gold would be 1650 by January 10th 2011. He lay a bet out for 1 million, luckily for him no one took the bet on. In the long run Gold and Silver will be going higher I wouldnt listen to any one giving price projections when you got the major banks manipulating markets.
GoldMoneyChannel 11 months ago
@GoldMoneyChannel True but he later qualified his prediction that if gold is not $1650 by January 15th Gold would then be $3000-$5,000 by June. Now as for me I dont listen to anyone but I do use my own intuition. However a Billionaire Trader who specializes in Gold, whose Father Bertrand Seligmman ran with Morgan and Rothschild in Old Europe, is one that has better knowledge and info than the average. His mothers family line was merovingian. I take Sinclairs opinion as an indication.
jonah70757 11 months ago
@GoldMoneyChannel Jim Sinclair gives solid advice....Buy physical, take delivery, do not use margin or debt. All short term movements in this market is noise. Long term up. That is all that matters. Unless you are a trader.
jonah70757 11 months ago
@jonah70757 - Sinclair NEVER said gold will be $3000 -$5,000 in June. He has always maintained that Gold will top $1650 this year and he expects that his call will be on the low side.
goldenoldie5000 11 months ago
@goldenoldie5000 I am sorry you are mistaken. It was all over google. I did a video on it 12/10/2010 here on youtube called Will Gold Hit $3,000 - $5,000 by June 2011? I also mentioned it in another vid called Predictive Programming in movie 2012 may indicate 2011 as the Year of Chaos. mmmmm so how has 2011 turned out to be so far? huh? Dead Fish, Birds, animals, devastating earth quakes, storms, locusts in Australia. Its only getting warmed up. Just wait.
jonah70757 11 months ago
Too risky to trade silver, just keep dollar cost averaging in .
mascar33 11 months ago
JPM new short position is proof that the shit is about to hit the fan and they want to cap silvers rise
jonah70757 11 months ago
its not a good idea cuz there are shortages now
a10fjet 11 months ago
@a10fjet Excellent comment. I won't be waiting for a pullback for my next purchase. Thx.
73cupcake 11 months ago
I've come to expect a seasonal drop starting late April; so much so that I wonder if it will happen this year...
btw...if you hold that coin with the dollar chart up next to a mirror... it looks similar to the gold chart over the past decade!!!
meluaufeet 11 months ago
Davinci that End the Fed coin is the SHITE!
TheWakeuptime 11 months ago
good vid bro. keep stacking guys and hold long. when there is a correction don't trip and sell... you will regret it in the long run i think, unless you are able to rebuy in with profit after.
dispersingweight 11 months ago
I too heard the 80% figure, but a source of mine indicates it was indeed hefty but not as high as 80%. In any case, the Comex is bust and only hanging on due to being propped up by fake paper. Kind of like the entire economy!
If we get another dip I'll just buy more. The physical supply is getting very tight. Any correction will be met with mad buying of physical and we'll see the digital price left behind in the dust as we discover what cold hard bullion is actually worth - a lot more than now!
drutter 11 months ago
@drutter Do you think that the COMEX would go to being a 100% cash market (rather than just raising margins) before finally going bust??? Just a thought. of mine.
hammerheadhotel 11 months ago
That End The Fed round is awesome!!!!
Candiansilverado 11 months ago
I understand what you're saying but won't it look very silly, to the point of folks starting to laugh at the paper market if the price takes a dive and Apmex and Kitco are still out of 2011 Maples and low on bars? Apmex ran out of 2011 Maples today. Kitco ran out a few days ago.
greggh 11 months ago
I can see those people that got the 80% premium to not take delivery of their silver doing it again. They would be fools not to. Then they could take that 80% and buy their silver someplace other than the COMEX. It may still have the effect of driving up the price of the silver at COMEX.
B5Inquisitor 11 months ago
im guessig it's gonna drop as low as $28 for a day or two
oldtimefreedom 11 months ago
@oldtimefreedom Can you say, "all in" ? LOL
vambo13257 11 months ago
@vambo13257 no doubt me too!!!
oldtimefreedom 11 months ago