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Williams 99-100 over sold always gets at least a big bounce off this williams
SLV 30.50 @ .21... huge selloff there in silver...
mb
Added Buy 3 uslv slv agq, don't want to miss the up when she goes.
Good trading buds! I'm still on the sidelines myself but I will be in before you know it.
Cheers \_/
BAC ups Euro downs Dollar cnbc
SLV AGQ USLV UGLD good Place To Nibble think bottom here.
Yah there shell game is just about there IMO soon they will try to take everything they can to keep the worlds reserve currency alive, they have bombed and invaded every country that has said there doing something different and now there coming for are money as well, what’s the point? It’s all just a scam! It can’t go on for long IMO
Cheers Buds \_/
clowns do you have a link to that. thanks
Anyone else notice there is a new line on the Schedule C:
"1a Merchant card and third party payments. For 2011, enter -0-"
specifically for Ebay, paypal or other CC payments?
Big brother is watching our every sale now and holding one hand out demanding payment and a gun in the other.
Dive and buy! Dive and buy!!
Physical silver isn't dropping, just paper. No big deal as paper is worthless anyway.
Only if you don't charge me to throw them away!
Crude tanking, another silver down day.
Batten down the hatches, we're in for another dip today fellas!
Catching The "Silver Crusher" Algorithm In The Act
http://www.zerohedge.com/news/catching-silver-crusher-algorithm-act
My trash is only half full you could put it in there if you like! lol...
Cheers Buds \_/
Oh, no, silver is going to negative, which means I will have to pay someone to take it off my hands. I will throw it away before I pay someone to take it.
Spot price is moving down a little tonight, did I miss something? lol...
Everything is just so volatile, has me just a little nervous, not really sure why? Lol… something is telling me to get some more physical Friday.
Cheers Buds \_/
American Monetary Restoration
Five Essential Steps Toward Resumption of the Gold Dollar: Dollar Convertibility to Gold and Multilateral Currency to Gold
1. America leads by the President announcing unilateral resumption of the gold monetary standard at a date certain, not more than four years in the future. Unilateral resumption means that the U.S. dollar will be defined by law as a certain weight unit of gold. The Treasury, the Federal Reserve, and the entire banking system will be obligated to maintain the gold value of the dollar. On the date of congressionally authorized resumption -- that is, unrestricted dollar-gold convertibility* -- Federal Reserve Bank notes and U.S. dollar bank demand deposits will be redeemable in gold on demand at the statutory gold parity. Further use by foreign governments of the dollar as a reserve currency will entail no legal recognition by the United States.
2. The President issues an executive order eliminating every and all taxes imposed on the buying, selling, and circulation of gold. The President issues an executive order providing for the issuance of Treasury bonds backed by a proportional weight of gold. Since Federal Reserve notes and bank deposits (money) are not taxed by any jurisdiction, the executive order specifies that gold may be used as money and thus taxed in no jurisdiction in the United States nor abroad. Gold may be used to settle all debts, public and private. The Treasury and authorized private mints will provide for the minting and wide circulation of legal tender gold coin in appropriate denominations, free of any and all taxation.
3. Shortly after the announcement (step 1), the United States calls for an international monetary conference of interested nations to provide for the deliberate termination of the dollar-based official reserve currency system and the consolidation and refunding of foreign official dollar reserves. The international agreement to be negotiated will inaugurate the reformed international monetary system, that is, multilateral currency convertibility to gold, without official reserve currencies.
4. The conference agreement, attended by representatives of the IMF, WTO, and the World Bank would establish gold as the sole means by which nations would settle residual balance of payments deficits; and designate gold, in place of reserve currencies, as the sole internationally recognized monetary reserve asset. Official foreign currency reserves, to a specified extent, would be consolidated and refunded. Stable exchange rates would result.
5. A multilateral international gold standard -- the result of the convertibility agreement -- would effectively terminate floating and pegged-undervalued exchange rates. The reformed international monetary system would establish and uphold stable exchange rates and free and fair trade -- based on the mutual convertibility to gold of major currencies.
Waiting for the stars to align? Sh!t I don’t know! Lol… I’m one of there play things just like you! Rofl
Cheers Buds \_/
YEAH what the heck are they doing...
Oh I dont know! L2 looks like a holy war today to me! lol...
Good morning and Cheers \_/
more for china to buy also if it falls lower
On spot or SLV?
IMO looks like a down week to me, so if it goes down into that 28-30 range I think I will pickup some Maples that I have been eyeing! lol...
Cheers \_/
I'm looking for 33 tomorrow or thursday
About a Buck on average IMO they do a really good shadow but sometimes you will see premiums higher than spot if you’re really watching as well as buy back prices sometimes a buck or two over spot. You see you can always get more shares but physical is a different story especially if you’re looking for something popular or highly prized.
This is all IMO of course
Cheers Buds \_/
how far back does slv travel behind
$32.32 now! lol... that’s what I was trying to say earlier, this stuff moves around like a basket ball on a good day and that is what I like about it, it's exciting to me.
Cheers Buds \_/
SPOT just went under 32. think Hong Kong gonna bounce it ?
Silver is all over the road and that’s on a good day! Lol… anyone who can call this to the #’s just got lucky IMO
Cheers Buds \_/
P.S. I feel very lucky to get even close to the last low, $27.41 was my buy price but it was pure luck IMO and could have gone either way.
Am not gonna try to call it. Just going to buy it down from somewhere under 30. Was $2. Off last time. My luck something happens before 30. GL
I will buy both spot 28 and 26 physical if it gets there...
Yikes!
I've noticed that even the perma-bulls on this board are also turning bearish, yet continue to act as investment gurus - and spare no time spreading their knowledge, or lack-there-of, on this board.
Beware of false prophets! Wait for the $28 price point in the silver futures, if it hits $28 and bounces hard (4%+ move), then buy. If it false through $28, or makes a small move up, then wait for $26.
Good luck!
Trust no one, not even me, unless it agrees with your own conception of logic and common sense. -Buddha
silver futures 5 min selling volume is getting insane right now...
I never drew any charts. I do happen to think silver is in a downtrend though. Not sure about 22. But I'd be surprised if it doesn't see 26. And I wouldn't be shocked if it went to 22.
If I had to bet on whether it would see 22 or 65 this year- I'd put my money on 22 every day.
yep, i think next run turns the trend
You know theres always tons of entries here, I see it going down again and then maybe out performing gold by a mile IMO no real proof, did loads of DD and just have a feeling that it will bounce like never before.
Cheers Buds \_/
lol, wish i did that at yesterdays high
Then SHORT it Bert! lol...
Looks to be a good play right now and I personaly think AAPL in the next few weeks will go down as a huge $$$ making short play as well, but who knows? lol...
Cheers Buds \_/
A hand drawn chart is your conclusion silver is going to $22? Pshaw!
BAM...
Silver set to shine after escaping India's budget clutches
While gold's southward journey continued for the third straight day in Mumbai Monday, investors showed a keen interest in buying one kilo silver bars also known as `chausar' given the excise duty exemption.
Author: Shivom Seth
Posted: Monday , 19 Mar 2012
MUMBAI (MINEWEB) -
Silver, the poor man's gold, has turned out to be the winner in India's budgetary excise duty cuts by escaping the attention of the Finance Minister. Investors in India are keen to push silver above the recent channel high with traders insisting that it will be more than speculation that will drive demand for the white metal.
"Silver has clearly been exempted for a reason,'' said Prithviraj Kothari, president of the Bombay Bullion Association. ``Out of $50 billion worth of imports of precious metals into India, silver imports were just $4 billion, while that for gold was the other $46 billion,'' he said.
On Friday, India's Finance Minister exempted branded silver jewellery from excise duty. Silver coins of purity 99.9% and above were also exempted from excise duty. However, the excise duty on refined gold was doubled from 1.5% to 3%.
Kothari was of the opinion that silver coins and silver bars, called `chausar' in the local lingo and among bullion traders across the country, would soon sell like hot cakes. "There is not much demand for silver jewellery among Indian investors. Most go for high value silver coins or for a 1 kilo silver bar. The latter is expected to fly off the shelves now and investor interest would surely be pushed higher as a consequence of the double whammy on gold in the budget,'' he added.
Kothari added that the price of silver was bound northward since investor interest had shifted given its usage in solar panels. Panel makers consume about 12% of the world's supply of silver, the material in solar cells that conducts electricity.
Silver paste is used in 90% of all crystalline silicon photovoltaic cells, which are the most common solar cells. Though the solar industry is not the largest consumer of silver, it is a growing market that could give silver producers a boost, say traders.
"It is something whose time has come. Most of the markets that silver serves follow traditional supply and demand economics and therefore competition is based on price, product line, and service. In the case of a hyper growth industry such as the photovoltaic industry, silver is bound to streak ahead,'' added Kothari.
The rise in solar power is arguably the most significant development for silver demand in recent years. A GFMS report noted that over the last decade, the sector's offtake had climbed rapidly, soaring from less than 2 million ounces to an estimated 50 million ounces in 2010. In 2011, demand was expected to reach nearly 70 million ounces, an increase of 40% year on year. So analysts expect demand from this segment to keep growing.
In precious metals, silver was down 0.65% in the international markets at $32.36 an ounce, bringing the gold to silver ratio, which is the number of ounces of silver needed to buy one ounce of gold, to around 51.0, the highest for two weeks and reflecting silver's underperformance relative to gold.
In India, a depreciating currency has also played spoilsport. The Indian rupee has tumbled by 16% against the US dollar. Some traders insist that as silver was left out of the latest budget tax increase, it may benefit from speculative plays and the spread between gold and silver should narrow.
"Silver has remained outside the double tax on other precious metals. But one should not forget that recently the silver import duty was raised to 6% of the value to discourage imports and enable better utilisation of forex reserves,'' said Sunder Raghavan, bullion trader.
"In purely psychological terms, the news is likely to weigh on the price of gold and in the current market could help ensure that the gold price does not increase significantly in the near future,'' Commerzbank analysts said in a note, adding that following a rollercoaster ride in 2011, rising industrial demand coupled with growing investor interest should prompt a sustainable increase in the price of silver this year.
In the case of gold though, the analysts have said, ``This could lead to lower imports, which would remove an important crutch from the price of gold.''
Traders point out that silver has several industrial uses. ``This year, it is estimated that global industrial demand for silver largely driven by India and China will increase by 30%, from 487 million ounces in 2010 to 624 million ounces. At a time like this, the Finance Minister excusing silver from its taxation basket is heady news,'' said Udayan Murti, bullion analyst with a broking house.
Kothari was of the opinion that though India imported around 4,800 tonnes of silver last year, this year imports would hinge around 3000 to 3500 tonnes. ``Last year there was a lot of consumption. With inflation on the rise this year, there is not much savings left in the hands of individuals. Though the `chausar' bars are still a hot property amongst the regulars, the budgetary proposal to fully exempt branded silver jewellery from excise duty will result in an increase in the number of branded silver jewellery items. Currently, there are only a few brands in that segment. So, that will be one segment that is bound to grow now,'' he added.
Traders and analysts added that silver has been the underestimated bullion with immense savings potential that may help in capital formation for future growth. ``This (exempting it from budgetary tax) seems to be a welcome step to realise its untapped potential. Moreover, it has a broader reach across income groups compared to other precious metals, because of pricing,'' said Murti.
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=147564&sn=Detail&pid=102055
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