![Live 24 hours silver chart [ Kitco Inc. ]](http://www.kitco.com/images/live/silver.gif)
After the cartel successfully capped gold at $1600 in yesterday afternoon’s session, gold has just taken out the critical resistance/support level, popping $15 vertically on the COMEX open.
The fact that gold and silver are again rising merely 24 hours into trading after the Spanish bank bailout was announced is an indication that massive MOPE is no longer fooling the market, and it is clearly understood that the European debt crisis is FUBAR, and is likely to become a full-blown contagion.
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)
Silver also made a .50 vertical move on the COMEX open, blasting from $28.50 through $29.
For now, silver remains in its consolidating wedge, with a break above $33 needed to kick off any serious attempt at the next leg in its bull market.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
If the algo traders want to be this transparent then we can buy on dips through this transparency.
They’re prob. thinking they should have just saved the $100B
seems the cartels are in control of the silver already…
It is pretty satisfying to see it blast straight up. It reminds one that the control they think they have, they’re rapidly losing.
Yes we need silver to go above 29 dollars. Monday market opening silver was bouncing off the 29 mark like a beach ball trying to suface. The cartel is holding thous far at 29
Every day I’m stackin’ some, stackin’ some Every day I’m shufflin’ shufflin’
Well I have to get ready for work. SD readers don’t forget to comment on every one of the Doc’s post to win free silver
427 Don’t work too hard. lol I am looking forward to the day that you’re hopefully going to give me a lift in one of your cars.
Just my luck, the day i decide to stack some physical silver, the dam manipulators jump ship.
SB This kind of lift ?
don’t worry, they’ll be back tomorrow to push it back down again for 5-10 min. the half life of the smacks is definitely shrinking…
yes you should have seen the cartel man on crosstalk RT “there is no alternative to the dollar” whaking the metals is hugely important
@427 Hell yeah!!! lol
I”m posting boss, I’m posting!
427 work smarter not harder brother!! And thank you for the opportunity to win an addition to the stack!!
Just my take on this spike… As with the recent ups and downs we have seen I don’t think it will hold… I feel “they” pushed it up so “they” can make a quick buck and pull it down later… We have been seeing it regularly lately… It’s still a good price to add as it has been… If the paper price starts to hold and we see it climb then so be it… If it dips again then take advantage if you can.. Remember this is a long term deal even though the way global economies are going it could change that…
Hi! 427 I’m sneaking a day off today watching the soccer on TV for a change and taking my mind of PM’s. Wait a minute whos’s typing this then. Dam.
Up or Down it doesn’t matter just keep stacking whenever you can.
It appears there are only 11 of us in the running for Monday’s drawing. Is that correct BullRun?
This is exhausting…
Nice move. Needs to stay up there..
Take a real look at that chart up there.
7 years ago, the silver chart was a lot quieter, smoother, you might go days to see an increase of 20 cents, or it might drop a quarter in a week. They weren’t as violent and they didn’t want folks to figure out what they were up to. In an entire month the price would move around in a 30 cent range.
That ugly chart is proof of cartel shenanigans, no other evidence is necessary.
Paper traders following the cartel’s every move have worsened the situation.
Volatility = profits on any move, up or down, at the producer’s and saver’s expense. Easier than working and being productive, a lazy slug’s way to glom cash.
They claim the comex and paper futures provide liquidity and are the best method of price discovery. Price discovery my ass.
HAHAHA!
CPM GROUP: SILVER WILL DROP TO $20/OZ BECAUSE PEOPLE WILL ONLY BUY DIPS!
Silver, The Poor’s Gold May Drop To $20/oz: CPM Group
12 Jun 2012 Last updated at 11:36:29 GMT
WASHINGTON (Scrap Monster): Silver may drop down toward $20 between now and 2014, said CPM Group, a New York-based commodities consultancy.
The commodities consultancy pointed out their forecast differs from
other, higher bank projections made by drawing accelerated trend lines
based on past performance.
The decline in investment demand is driving some of this peaking of silver prices and is happening for two reasons.<—Demand Is Declining?—Who Says?—Jeff Christian?—HAHAHA!
–One is that high prices have curtailed demand. “In this way, one
should realize that a bull market, in any asset, carries with it the
seeds of its own ending. <—HUH?
Prices ultimately rise to levels that shift
supply, demand, and investment demand. <—So, At $28 They’ve Risen To Levels That Shift Demand?—We’re Just Getting Started!
This is an immutable economic
law, although one which investors repeatedly ignore, whether it is in
gold, silver, copper, bank stocks, real estate, Internet stocks, or so
many other assets.”<—What Law?—That The CPM GROUP IS A BUNCH OF SHILLS FOR THE BANKSTERS?
–The second, and more important factor is that investors backed
away from “the unbridled, sometimes irrationally overblown, fear of
imminent financial system collapse and economic depression that had
been driving them to buy enormous amounts of silver regardless of the
price, until September 2011.”<—”Investors” Have “backed-away” from Fear Of Economic Collapse?—They’re Just Getting Started, You Shills!
Instead of a financial system collapse, current economic, political
and financial problems will likely remain problems for years.<—Yes!, And That’s Why They’re Buying Silver!
“In this environment, investors would continue to want to buy and
hold silver as protection against these problems. However, they would
become more price sensitive. Instead of chasing metals prices ever
higher, they would stop buying when prices rose sharply, and buy when
prices dipped lower,” the group added.<—So, Because They’re ONLY BUYING DIPS, THE PRICE WILL DROP?—WHO PAYS THESE PEOPLE TO WRITE THIS?
Fundamentally, silver-mine supply is rising while fabrication demand for silver is rising.<—SO DEMAND IS DROPPING, BUT IT’S RISING?—HUH?
CLICK HERE TO READ MORE BS FROM THIS ARTICLE
LMAO Jake you have a way with words. Lol
cashed in some savings bonds today … got me some dry powder. Now is this the beginning of a false rally or should i pull the trigger
Zinc…You can pull the trigger. When silver hits $50 you won’t care if you bought at $29 or $32. It’s impossible to time. The important thing is that silver is still available to retail buyers like us. All it would take is a few billionaires to clean out the retail market.
It’s not right. It only goes up when i want to add to my stack. darn it, lol
Just buy it Zinc. You were smart enough to get out of one form of paper already and the ultimate objective is to trade fiat for real money.
The price of silver matters but the number of ounces we hold will matter a LOT more. Remember, gold was once $35 an oz. Anyone who was buying back then does not care if they bought at $35, $40, $45, etc. A few dollars an oz. difference in price means what? That you can buy 93 oz. instead of 100 oz? Yeah, we would all rather get silver for as cheap a price as we can but let that not prevent us from getting some.
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