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If there was any physical silver to deflate. Buy and hold is the best strategy because it will go up in value. Right now it is bottoming.
Agreed.
Cyprus is the tip of the tip of the tip of the iceberg.
Happy stacking.
Time to Buy this Forgotten Metal
The power of crowd psychology is remarkable and it's been known to cost investors a ton. For instance, in 2000, the dot.com buddle had everyone jumping into stocks. Then the bubble burst and, a year or two later, you could hardly find anyone with an appetite for stocks.
Group psychology struck again in 2007 when everyone fancied themselves as real estate moguls, buying and flipping real estate. Then the housing crisis hit and wiped out over $7 trillion in wealth.
Whatever the asset is doesn't really seem to matter, the masses will go crazy over them at the worst time and they’re never interested in them at the best time.
Mainstream media, economists and Wall Street are missing one critical financial development...
And by December 23, 2013, this financial event will rock the economy and begin America's Final Unwind. This controversial video has complete details on the coming event that's set to slaughter the broad markets.
Why? Investors want company. They want the thing that everyone seems to be into. They’re never interested in an asset where they feel like they’re the Lone Ranger in it.
Yet, I’ve often found that the most successful investing is a lonely road because hardly anyone wants to travel it with you.
The Best Time to Invest
I experienced this firsthand during the Internet and tech boom… then bust. There was a frenzy going on and I knew it was irrational. So I decided to get out, but you couldn’t talk the crowd off the ledge.
Then again, in 2008, everyone wanted to buy oil or oil-related stocks because oil had skyrocketed close to $150 per barrel. But just months later, it crashed to $33 per barrel.
What's dumbfounding is everyone wanted all things oil related when oil was close to $150 per barrel, but no one wanted it at $33. There's no other situation I can recall that would have people react the same way. It’s like saying, “I know that car is worth $20,000 now, but I won't be interested until it’s up to $30,000 and I’m not touching it if it gets down to $10,000.”
That's completely illogical.
Yet people do this all the time with stocks, commodities and real estate. It’s mind boggling. It’s like they’re adverse to buying low and selling high. They tend to buy when an asset is priced high and has more downside risk than upside growth ahead of it. It makes very little sense.
Well, right now, silver is in this same spot.
When silver was trading close to $50 per ounce in April and May of 2011, everyone seemed to want it. But just five short months later, when silver finally found long-term support around $26 per ounce (roughly half price), hardly anyone was interested in it. Let’s check it out below.
You see, silver's run-up happened too quickly, more than doubling within eight months. That’s too much, too fast.
To correct the fast run-up, silver spent the next two years consolidating those gains. This was a typical pullback, which is generally in the range of 33%-66%. In this case, the pullback was 47%.
Now it’s formed a sideways base between the $26-$28 support and $34-$36 resistance. You can see from the gray arrow what I expect silver’s price to do.
Above the silver chart is the silver miners ETF (SIL). It tracks silver very closely. It’s just a bit more volatile than silver itself.
Notice that both silver and SIL broke above their downward corrective lines last August. Shortly after, they made higher highs. Now they are both in the process of making their first higher low. And hardly anyone seems to be catching on to this.
Remember, everyone wanted silver near $50 and now no one wants it in the $28 range. Yet, that’s the time to buy… when no one is interested. The asset has stabilized and is making its first higher low in a couple of years.
Another reason I like silver miners now is because of the long-term technicals. Let’s take a look at SIL’s weekly, 3-year chart below.
The weekly chart shows SIL is oversold and poised to head higher. We can see this by the relative strength index (RSI) above the price chart.
Additionally, as the ETF nears its major support zone again, the moving average convergence/divergence (MACD) has broken its downtrend line and is about to make a higher low for the first time in years.
These are all bullish signs for silver miners (SIL). Now is the time to get interested in silver and the silver miners… when no one else is interested in them.
In the coming months, once silver’s price is again elevated, everyone will be very interested. By then, these nice discounted levels will be long gone. So get ahead of the crowd and let them kick up the wave of buying that you’ll ride on.
If only that was real...... I don't believe everything I read on the internet.
Tulving is sold out and BEGGING for silver.
Now that's VOLUME!!!!
No physical to buy and premium is far above 'spot' price and people buying.
Cyprus?
I would guess Cyprus opened their banks but that isn't going to happen until next week. Silver, up up and away!!!
Time to buy. Dealers are out of physical and many are waiting weeks to get new supplies which are already spoken for. Don't believe the spot price - it isn't real.
Silver down also. Unbelievable.
Cyprus simmers, gold rush continues
Mar 19, 4:27 PM
By The Associated Press
Investors kept plowing money into gold on Tuesday, seeking a safe-haven investment as tension over the bank bailout in Cyprus intensified.
Gold for April delivery was up $6.70 to $1,611.30 per ounce, even as prices fell for other key metals, oil and many U.S. stocks.
The financial crisis in Cyprus has thrown markets around the world into disarray since Monday. Europe's bailout plan for the small country included taxing deposits in the country's banks - essentially making anyone with money in a bank help pay for the bailout. The plan met harsh resistance, and Cyprus lawmakers rejected it on Tuesday.
For many investors, tension like that is a prime opportunity for buying gold, which can be viewed as a low-risk investment in times of geopolitical or economic turmoil.
"The situation in Cyprus has caused uncertainty," said Jim Wyckoff, senior analyst at Kitco.com. "We're hearing all kinds of rumors and reports, and that's caused further unease."
Banks are buying gold with depositors money. What more do people need to cut out the middleman?
Silver and gold should be doing well in the wake of the Cyprus theft of savings, if the confiscation happens or not.
Wow, 40% confiscation, unbelievable. And they do it without one bullet being shot. Too bad for anyone who trusted Cyprus banks with their money. The outcome will be:
Cyprus will say they have negotiated the 6.7% to 3.4% and 9.9% to 5.5%, and everyone will be thrilled with not losing so much.
This just proves socialism works until they run out of other people's money.
Wow, that has to hurt being taxed 6.75% or 9.9% for saving. People that wouldn't be hurt are people that keep money in a locked box in their homes and even better stacking, there SHOULD be a mad dash to turn their worthless fiat for physical gold and silver. My guess is there is a VAT on metals so people that discourages Europeans from investing in physical. Just don't try to fly into Europe with gold or silver because you will be treated worse than a terrorist.
Silver usage:
U.S. photovoltaic installations in 2012 increased 76 percent over 2011 numbers to 3,313 MW, with an estimated market value of $11.5 billion, according to GTM Research and the Solar Energy Industries Association (SEIA)’s “U.S. Solar Market Insight 2012 Year In Review.”
Cumulative PV capacity operating at the end of 2012 was 7,221 MW. The U.S. accounted for 11 percent of all global PV installations in 2012. The report predicts the U.S. PV market will grow 30 percent in 2013 with 4.3 GW of new PV installations anticipated during 2013 across all market segments.
Installed prices dropped 27 percent last year and at least 13 percent in each market segment (residential, non-residential and utility).
California led the U.S. in 2011 and 2012 with 1,033 PV installations in 2012, compared to 577 in 2011. Arizona moved up one spot this year to No. 2 with 710 installations in 2012. New Jersey dropped from second in 2011 to third last year with 415 installations in 2012, Nevada jumped from tenth to fourth with 198 installations and North Carolina rounded out the top five with 132 installations.
China alone uses all the copper they can get their hands on for their growth.
The US Mint has raised the premium price of silver Eagles because they know they can sell them.
You mean if I took a pile of silver dollars or quarters or dimes a restaurant would turn it down? It would be a very expensive meal.
I think they would be happy to take them.
Yawn... silver is money. Paper is nothing and becoming less every day.
Someone dumping their lifetime savings for a few pennies.
Giving up.
Throwing the garbage out forever.
Taking their losses.
Never looking back.
'PATHETIC VOLUME'?????
http://seekingalpha.com/article/1252971-silver-coin-demand-sets-historic-record-here-s-how-to-profit?source=email_rt_article_readmore
Silver Coin Demand Sets Historic Record - Here's How To Profit
Mar 6 2013, 16:22 | about: SLV
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
By Nathan Slaughter
On Monday, Jan. 7, the U.S. Mint began taking orders for 2013 American Eagle silver coins. Officials were bracing for an onslaught of sales, but I doubt they were expecting this. By the end of the day, the Mint had sold more than 3.9 million of the 1-ounce 99.9% silver coins.
Silver may be trading well off its highs above $40 per ounce, but investment demand has never been stronger. That opening day marks the highest one-day tally in the history of the Silver Eagle program dating back to 1986.
The U.S. Mint sold out of 2012 silver coins early (Dec. 12, 2012), so buyers were understandably eager for the release of the 2013 issue. And opening day in general is typically busy. There were nearly 2.1 million coins sold on the first day they were available in 2011.
Still, this year's kickoff nearly doubled that. In fact, the 3.9 million Silver Eagles sold on Jan. 7 were more than the entire total from any month between 1986 and 2009.
Lest you think this was just a one-day phenomenon, I should say that dealers, collectors and speculators gobbled up another couple million coins in the following week. By Jan. 17, sales had soared past 6 million.
And on that day, authorized buyers received this notice:
"The U.S. Mint has temporarily sold out of 2013 American Eagle silver bullion coins. As a result, sales are suspended until we can build up an inventory of these coins."
Sales resumed later in the month, but even then coins were rationed among primary distributors. All told, Silver Eagle sales passed the 7 million mark, surpassing the record of 6.1 million set in January 2012.
Clearly, investors have a hearty appetite for physical silver -- and they're expressing interest in other ways as well.
Following an unprecedented cash inflow in January, the iShares Silver Trust (NYSE: SLV) is now brimming with about $9.5 billion in assets. Investors poured a record $603 million into the exchange-traded fund in a single day on Jan. 16, stockpiling 18.4 million ounces (572 tons) of silver in the fund's bank vaults. The fund's total assets now stand at around 342 million ounces.
And that's just one fund.
Investment through silver-backed ETFs now stands at a record of 19,114 tons globally, according to Bloomberg and Barclays. For the record, those holdings are equivalent to about nine months of mine output.
It's amazing to think that ETFs -- a source of demand that didn't even exist 15 years ago -- have now hoarded nine months of silver production. And there are plenty of buyers fighting over the rest.
Aside from coins and other investment demand, remember that silver is also a versatile metal with many commercial uses. And with the auto, manufacturing and construction sectors all rebounding, industrial demand is intensifying, particularly in Asia.
A recent study by Thomson Reuters forecasts that industrial silver use will rise to 511 million ounces next year, accounting for 57% of the world's silver production -- a new record high. With investors and industrial buyers tugging silver in the same direction, the metal is poised for continued gains in 2013.
All of this is welcome news for several of my Scarcity & Real Wealth holdings. One of my holdings just posted its eighth consecutive year of production growth.
The company dug up nearly 4.5 million ounces of silver in 2012, a solid 20% increase from 2011 (incidentally, the firm's gold output soared 77%). Management chose to stockpile much of its fourth-quarter production as inventory rather than sell it. That move looks to be prescient given today's stronger prices.
All told, if you sold out of silver when it was at its highs above $40 an ounce, then now may be a good time to reconsider getting back into the game.
"Well you stuff your $ in a mattress and ill hold the shinny stuff and in may we will see who made the right choice ! Mine is growing while I'm typing !"
And how is your silver doing?
Silver is being consumed, never to see the light of the sun ever again. The true cost of mining silver is around $26 an oz, no matter what you believe.
I have a hundred thousand dollars waiting for silver to hit $4 again. I do hope your crystal ball is right.
When silver prices fall, people sell less silver. 'Folks' buy less silver but 'investors' continue to stack because 'cost' doesn't matter.
'Hording' is useless junk. There is a difference between a roomful of old newspapers and a lockbox full of silver.
Thanks for your opinion, but seems that silver price is rising, not falling.
I have yet to see anyone selling silver for less than spot and some mines have stopped producing since silver has fallen below their production cost.
If silver drops like you claim, demand by investors will skyrocket, mines will shut down or the producers will hoard silver until prices go up again.
The latest jump in price has been a 'death cross' for shorters. May they all lose everything betting silver will go lower.
So you claim that all the byproduct silver mined is used for industry? Where does the investment silver come from?
Check out US Silver and Gold mine, silver is their main product and the rest is byproduct.
That is so interesting. If silver is a byproduct why is it more valuable than what is being primarially mined? At 10 times the price of copper wouldn't the cheaper product be considered the byproduct?? I am so confused why anyone would not like silver? It has literally thousands of uses and is actually consumed.
Except for the Mint running out of silver and Feb sales high.
Selling for a profit above spot price to willing buyers on eBay.
[Sequester = Spending Cuts = Silver/Oil Crash
Government spending cuts will spread throughout the economy resulting in crashing commodities demand and crashing commodities prices. Silver and oil will both crash together.]
Did this happen and I missed it? When did silver crash?
Silver stacking is the new form of investing for the future. Silver death cross charts, white house occupier, trillions in fiat money being created it's all good.
The US mint just can't produce ASE fast enough for demand. People are willing to pay above spot price for physical metal. Paper silver promises exceed all available above ground silver if not once but probably many times.
Not the 'buy silver cross'!!!!!
You don't really expect extreme to understand what he is saying, do you? I sure don't.
I'm not sick of silver 'hype'. I rather enjoy seeing how the dollar will go down and silver will be worth more every day. Obama is guaranteeing flooding the world with dollars, add to that all the counterfit $100 bills from North Korea and South America and when hyperinflation shoots off silver will go to the moon and all the extreme's will be wondering 'what happened'?
If you scroll down to the bottom of the page tulving is sold out of all their silver. They are buying quality at above spot price though, even though miners hate byproduct silver and would rather throw it away.
Be sure to tell us when your death cross is over so we can buy more and more and more.....
Wow, that is an extremenonreality you live in. Silver produced for under 50 cents an oz. Helca sure sells silver for market price.
Load the boat with silver! That's one ship that will sail into retirement.