I postulated in my article the Silver Rocket that silver is in the early stages of a mania phase. This phase is where the public starts buying and buying, because they see only blue sky in the value of an asset. I think we are in a mania phase for a couple of reasons…
- The public has been burned so much in the stock and housing bubbles that neither of those markets are going to recover for at least a generation.
- The fundamentals of silver are not only so strong but that there is not any other assets class that even begins to come close to it. Silver is going to become very popular, very fast.
- The silver market is so small, that any amount of serious money coming into this market is going to send it to the moon. (There is only about $1.5 billion in silver supposedly on the CRIMEX, how much is there in the Stock, Bond and Real Estate Markets world wide?)
- During the last run up in the precious metals in the late 70′s, only about 10% of the world could buy gold and silver. (North America and Western Europe. There is ten to twenty times as many people that can buy this time around.)
- There is also about 10 times more fiat currency in the world since then. People are much more of the investor mindset now then back in the 70′s. (Can you image Fast Money or Jim Cramer in the 70′s.)
- There is NO major stock piles anymore. (No Central Banks own silver and the US strategic stock pile is gone.)
- Silver is a vital industrial and strategic metal.
- The Monetary demand is unlimited and one that is just now starting to grow.
- The Eight largest banks are short 150 days of global mining production of physical silver to support their illusion, trapped in a deception, wrapped in an enigma power.
- For my full treatise on silver read the Silver Bullet and the Silver Shield.
the usa govt is putting the brotherhood of all muslims in power in libya and egypt, put that in your patriot hat and smoke it.
ReplyDeleteBetween now through the early part of 2015, you better back the train up. Silver will explode.
ReplyDeleteI think we are already in the greed stage. Silver has brought those in early beautiful returns but as the hype gets out, people dont want to "miss the boat" and will be buyers at this stage. Just like the stock market, Look at those pumped up equities says the average joe, I better get in now before i miss the S&P going higher, only its not going anywhere but down. 2008 was a warm up get ready for possibly new lows in the market. you couldnt pay me to be a buyer at these bloated prices, sadly many people still buy the lies of the media that we're in the new bull market while large investors and traders make fortunes shorting but oh well, the drop will get reported as "unexpected" right? lol please.
ReplyDelete7:14 - Like so many posters on this blog, you don't have a clue as to what you're talking about. You lack even a BASIC understanding of the fundamentals of the silver market. Instead of spouting off your poorly conceived and completely incorrect views, go do some research and find out the TRUTH about silver. You might actually learn something.
ReplyDelete4:14 lol i like your strong talk, would you be a buyer here in silver around 40?
ReplyDeleteI'm a bit more concerned about the radiation from Japan than silver. All the silver in the world won't do you any good if you're dead!
ReplyDelete$40 is still a bargain.3 digit Silver within 2years is baked into the cake.Depending on geopolitical and domestic events it could be much sooner.
ReplyDeleteMaking a profit at the expense of the banksters
sweet !
7:25 - Yes, anything under $40 is a bargain. I was hoping for a pullback today to $38 to make another purchase but no go. The market is consolidating today and has been trading as tight as a drum. I have this gut feeling that we're going to see an explosion to the upside very soon in both silver and gold. For the best guidance on silver go to ttp://tfmetalsreport.blogspot.com.
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