So... for us "silverbugs", is the answer to the question on so many of our minds (that question being -- when will we see the price of silver explode to the upside), simply, when the velocity of money increases, i.e. when all the e-dollars the Fed has been creating out of thin air, that is when we will finally see silver with a 5- or 6- handle on the price?
Chris - yes, we need to see an inflationary bias take hold in the minds of traders/investors before silver has a strong chance of a sustained, solid uptrending move.
I am keeping a close eye on copper however because if that metal begins a sustained uptrend, it is more than likely going to signal an upcoming similar move in silver.
...edit... meant to type: "when all the e-dollars the Fed has been creating out of thin air finally start sloshing around in the 'main street' economy"...
It's simple - everyone gets so much gold and silver for Christmas that they have it coming out their ears so they have to sell it in order to pay their new taxes.
I'll be happy if i just have enough left over to buy a bucket of minnows and a cheap cigar.
Dan... I listened to your interview on KWN today about copper and its recent strength. I don't know if you came across this data from the U.S. copper inventories, in my blog entry on TFmetals Report here:
Anyhow, it looks as if U.S. LME Copper inventories are down 60% since Jan 2012. This may to some degree have something to do with the recent copper price rise.
Who didn't know silver's gains would be "repealed" before midnight? They've been doing that for over a year now, since silver crashed from $50 to $33 in one week, with the help of 5 margin hikes. The HFTs can move prices wherever they want. This dampens demand greatly. My local dealer confirmed this."People by when the price is rising", he said.
Dan,
ReplyDeleteSo... for us "silverbugs", is the answer to the question on so many of our minds (that question being -- when will we see the price of silver explode to the upside), simply, when the velocity of money increases, i.e. when all the e-dollars the Fed has been creating out of thin air, that is when we will finally see silver with a 5- or 6- handle on the price?
Chris
Chris - yes, we need to see an inflationary bias take hold in the minds of traders/investors before silver has a strong chance of a sustained, solid uptrending move.
DeleteI am keeping a close eye on copper however because if that metal begins a sustained uptrend, it is more than likely going to signal an upcoming similar move in silver.
...edit... meant to type: "when all the e-dollars the Fed has been creating out of thin air finally start sloshing around in the 'main street' economy"...
ReplyDeleteChris
I think after Christmas silver and Gold both will go down
ReplyDeleteThanks
I agree.
DeleteIt's simple - everyone gets so much gold and silver for Christmas that they have it coming out their ears so they have to sell it in order to pay their new taxes.
I'll be happy if i just have enough left over to buy a bucket of minnows and a cheap cigar.
Dan... I listened to your interview on KWN today about copper and its recent strength. I don't know if you came across this data from the U.S. copper inventories, in my blog entry on TFmetals Report here:
ReplyDeletehttp://www.tfmetalsreport.com/comment/242722#comment-242722
Anyhow, it looks as if U.S. LME Copper inventories are down 60% since Jan 2012. This may to some degree have something to do with the recent copper price rise.
steve
Who didn't know silver's gains would be "repealed" before midnight? They've been doing that for over a year now, since silver crashed from $50 to $33 in one week, with the help of 5 margin hikes. The HFTs can move prices wherever they want. This dampens demand greatly. My local dealer confirmed this."People by when the price is rising", he said.
ReplyDelete