silver precipiceIn his latest market update, Greg Mannarino states that silver is at the edge of a massive breakout, and that the metal remains the most undervalued asset in the history of the world- but not for long.

Mannarino states that we are standing at the precipice of a major upwards move in silver, and that the Fed will soon step in and increase the rate of quantitative easing and expand the scope of QE4, unleashing a flood of new counterfeited currency into the economy. 

Mannarino examines the cup and handle on silver’s weekly chart, and believes silver will run to $38 nearly immediately once silver’s current consolidation near $31.80 is able to take out $32 to the upside.

Silver- at the edge of a massive upside breakout? Mannarino’s full update is below:

 

2013 Year of the Snake 10 oz .999 Silver Bars
As Low As .99 Over Spot At SDBullion.com!

 

 

OPM Silver Round Promo 2 with Border

  1. LMAO where have I heard this before, O! yea you said it last year. Seeing that you have a cup and handle, can you fill it please with some tea so that I can have a cuppa while I’m waiting. O! and don’t forget the cookies. Lol

    • Greg can be wrong sometimes and right on the money others. I think he is a trustworthy and good guy just trying to make sense of markets which are really just illusions or smoke and mirrors of markets. He does all this for free and does it 7 days a week. 
       
        A lot of people we listen to in the PM community are wrong from time to time but its hard to fight a totally controlled centralized economy. As far as greg in particular he has made me a lot of money and nailed the QE3 and QE4 announcements perfectly. You can’t get em all right.
       
      Like Chris Duane says listen to all and follow none. Due your own due diligence and find out what works best for you instead of playing armchair quarterback. Anyone in silver that understands the BARE fundamentals know they are on the winning side of this bet, what is with all the bickering and hating towards people like Chris and Greg? Are some of you that jealous or that cantankerous?

    • Like Chris Duane says listen to all and follow none. Due your own due diligence and find out what works best for you instead of playing armchair quarterback. Anyone in silver that understands the BARE fundamentals know they are on the winning side of this bet, what is with all the bickering and hating towards people like Chris and Greg? Are some of you that jealous or that cantankerous?

      @Orion Your away off base where have I said anything negative about Chris Duane?  as for Greg yes he’s trying to help silver stackers by getting the message out but he is no Chris Duane and I Wouldn’t Mention Him In That Class or Sinclair’s, Willie’s, Fergusons, Sprotts, Doc’s just to name a few . I listen to him but don’t Follow him for he is more wrong than he is right as is others but more often. I don’t Like Him, My Choice My Opinion. So if you are a Christian like you say,(Think of what you just wrote) then let me have my opinion and not Crucify Me For It. Go Back To SSH if I believe who you are as I don’t need any crap from you.

    • I only mentioned Chris because a lot of PM stackers speak very ill of him and his SBSS rounds. I never meant to infer or said anything about you not liking Duane.
       
      Jesus Charlie you always take everything so over the top. This is just like the stupid argument on SSH over numismatics. You take everything so personal, when that quote wasn’t even really directed at you. This whole page is filled with negativity and I just happened to reply under your picture. No offense brother, I believe we are all in this to stack and we need to stick together now more than any other time in our lives. If I offended you I am sorry but most of what I said wasn’t really directed at you, except the parts in general about people griping about price all the time.
       
      I do take offense insinuating I am falsely claiming to be a christian with that statement I said, Please CHarlie tell me what about any of that is Unchristian? Charlie I really used to look up to you because I am half your age but honestly now you come across as close minded and honestly just an old fart. It’s kinda sad personally.

    • @Orion you posted below my comment with the cup of tea what do you expect me to do, yes I took it personally as for close minded I’m far from that and when something is said about me I will defend myself rigorously.
      I’m a solid silver stacker and I’m continuously buying and getting rid of my fiat and sell occasionally when I need it. I’m also a staunch follower of Chris.
      As for an Old Fart yes I am and a happy one at that so I’ll take your post as not being aimed at me. If I was wrong I apologize. Keep Stacking Brother
       
       

    • “Anyone in silver that understands the BARE fundamentals know they are on the winning side of this bet…”
       
      Indeed we do but we also know that fundamentals are not what is controlling any of the major markets today.  There was a time when they did but that time seems to have come and gone.  Not that they don’t still influence prices.  They do but it is more a matter of manipulation and market distortion due to Fed and Gov policies plus corruption than fundamentals.
       

  2. Have to agree with Marchas on this one.  Greg has made some very bad calls lately.  When I saw this I immediately thought of his “cup & handle” call that turned out to be WRONG. 
    Silver long term will go up, I just don’t think we’re going to see a hyperinflationary “to-da-moon” move like Greg suggests.

    • Actually Arctree, spaghetti brain Greg Marinara is into gambling not selling used cars.  You can buy his book detailing how you too can lose at multi-deck blackjack on Amazon.   

  3. Hate to add to the bashing, but Greg has made some seriously bad calls.  I used to listen to him last year until that terrible Cup & handle call.  I know long term slv will go up, but I don’t buy any of the hyperinflationary TO DA MOON spikes. 
     

    • We are on the verge of hyperinflation so he is correct, just not on when it is going to hit. Soon as the paper players run out of steam and free fed money we are going to see a massive crash

  4. It’s no different than all other newsletter writes and commentators.  Make 100 predictions and then brag about the 5 that came true and hope everyone forgets about the 95 that didn’t come true.  Or just keep making the same prediction and eventually you might be correct.

  5. well as fun as it would be to singularly take a dump on greg the egg with a wooden leg’s prognostications…
    He is hardly alone. There is a chorus of yoyos who have been saying the same thing for years.
    Simple fact. If silver were allowed to shine on its own merits it would have a zero added to the end of the current price the current price IMO. Until the control is broken, it is not broken. I’m getting tired of saying it but here it goes again – much like calling for the end of the world, be carefu lwhen you open your mouth because you can only be right once..

  6. Can I join the fun?  Poor Gregg.  He doesn’t know any more than any of us stackers.  He has nothing new to add to the conversation.  He has written a few books.  Done a ton of videos and he is always wrong.  I prefer David Morgan.  David has more charm and it makes it easier to swallow the fact that he is always wrong also.  Yes, silver will rise in value someday but none of us have a crystal ball.  Gregg needs to find a new career and I am sure that Morgans newsletter subscription rate is going down at a rapid pace.  Analysts must provide actionable information.  If I want to hear about fundamentals I can find an old Mike Maloney video.  He covered it all years ago. Good luck and good riddance to the wanna be tea leaf readers.  I prefer Mr Gold, myself.    

  7. When or if the paper trading weenies decide to hold out for the metal, it will explode higher.  Not before.
    This is a gubmint program, that’s why the CFTC is useless.  It is vital to the empire, to its bankers and to its globalist dream.  They won’t go quietly into that long goodnight.
    Reality is on our side. I will patiently wait some more.

  8. Well Greg your getting it today, so much for your cup and handles theory. How about a new one for what is showing now on the charts. Doc your picture hit it on the nose. two cliffs are a forming on the Kitco charts and maybe by the end off the day a mountain range. Lol Is this when I say buy on the dips. Lol this is getting ridiculous but as a steadfast Stacker I say Keep Stacking I believe the fun is starting. Lol

  9. Greg can be wrong sometimes and right on the money others. I think he is a trustworthy and good guy just trying to make sense of markets which are really just illusions or smoke and mirrors of markets. He does all this for free and does it 7 days a week.
     
    A lot of people we listen to in the PM community are wrong from time to time but its hard to fight a totally controlled centralized economy. As far as greg in particular he has made me a lot of money and nailed the QE3 and QE4 announcements perfectly. You can’t get em all right. Like Chris Duane says listen to all and follow none. Due your own due dilligence and find out what works best for you instead of playing armchair quarterback. Anyone in silver that understands the BARE fundamentals know they are on the winning side of this bet, what is with all the bickering and hating towards people like Chris and Greg? Are some of you that jealous or that cantankerous?

  10. The stinking banksters can smack the price down below what it costs to produce a one ounce Silver round.  They can do that for now and for now I will keep stacking.  In late 2010 there were several forums that cited the withdrawal to deposit ratio for Silver inventories at the comex was 14:1. That trend was supposed to resolve itself by April this year somewhere about.  Of course the banksters could have found a way to add Silver to those inventories surreptitiously prolonging that inevitability.  There are a limited number of rabbits in the hat that they keep using.  With worldwide demand being what it is for Silver I’ll bet 5 bucks Mannarino hit the nail on the head.  

  11. God all you old farts get all pissy when your metals don’t go up. Just keep stacking, ofcourse the whole shithouse is going up in flames. LOL
     
    It feels like most of the time most of you on here are strictly fiat investors and have no real grasp of what a paradigm shift will look like. Every person may be wrong in the intermediate but in the long term anyone claiming HUGE rises in metals IS correct. Just have some patience and do your own homework. I have made tons of money off listening to some of the guys SD and Zerohedge have on.
    Seriously just keep stacking and quit bitching when someone can’t time an event that is untimeable.

    • Yep I’m an Old Fart but you got one thing wrong, well maybe two or three. I’m always Happy, I Believe Silver is Heading Up, I know what the Paradigm Shift will be like and I’m preparing but one thing I don’t do is go around when I’m in a bad mood telling others what to do. It’s Their Choice and Especially Mine.

    • Basically both of you say the same thing, dont you? even for the paradigm shift.
       
      and I dont know what that is, it feels like a big cataclysm in a primitive religion.

  12. Seriously Charlie you are entering troll territory. I am just telling everyone to calm down because PM guys we listen to can’t be right all the time especially in a manipulated economy. Jeez you are such a sour grape.

  13. Nice to enjoy a side-order of bickering while having my lunch.
    Fact 1:  PM’s WILL break out
    Fact 2:  Nobody can predict when PM’s will break out
    Fact 3:  Silver has been volatile these past few years
    =================================
    Assumption 1:  Silver will continue to be volatile
    Assumption 2:  There is profit to be made from buying (either Phyzz or Paper) on the dips and selling on the upturns
     
    Don’t forget Fact #4: You are expected to do your own diligence (DYODD) when investing, rather than believe what others say.

    • MAM,
      Nobody ever speaks about the industrial side in the use of Silver. My opinion as stated in other posts on other subjects is that THE CARTEL is on the industrial short side that pull the strings of JPM on sell offs. Afterall they want to keep the price of Silver down in the electrical conductivity of Silver used in Cell phones, televisions, solar panels, automobiles and all other applications of silver used in manufacturing, which by the way is near 50% of all silver used. Until Silver finally hits the real shortage wall these companies will continue to slap down Silver with paper shorts. This may take quite sometime to make the Silver we all stack to take off and they will continue to smack it down. If Silver were to rise to $100.00 and over, what on earth would a cell phone or T.V. or any other necessary items be priced at? Look at Paladium used in catalylitic converters, car manufactures are struggling to find an alternative source to replace Paladium and Rhodium. The African mines because of strikes is causing Paladium to soar, not shortages.

    • “If Silver were to rise to $100.00 and over, what on earth would a cell phone or T.V. or any other necessary items be priced at?”
       
      At a guess?  $2-3 more than they are now.  While silver is necessary for these devices to operate or to operate efficiently, a lot of silver is not used in each device… a gram or two… maybe… less for smaller gadgets.
       
      “Look at Paladium used in catalylitic converters, car manufactures are struggling to find an alternative source to replace Paladium and Rhodium.”
       
      Palladium itself is a replacement material.  Auto manufactures started using it so they would not have to use much more expensive Pt.  Find a replacement for Pd?  Not likely.  At least not any time soon.  There is some very complex chemistry involved in the design of effective exhaust gas remediation processes.  As a scientific problem, this is fully the equal of creating a high temp version of a super-conductor.  Surely possible but also very difficult, time consuming, and expensive.
       
      “The African mines because of strikes is causing Paladium to soar, not shortages.”
       
      Whether by lack of production due to strikes or to lack of production due to declining ore values, the basic fact is that there IS a shortage of delivered product.  That is likely ALL that concerns the auto makers at the moment.

    • @Ed_B The Auto industry would not need Pd in catalytic converters in fact they wouldn’t need catalytic converters at all if gasoline was cracked from hemp instead of crude.  That is within the realm of what could happen even though remotely so. 

    • Indeed.  Some proof of this pudding seems in order.  I’ve seen any number of claims that cannot be substantiated along these lines, internal combustion engines running on water, etc.  Unfortunately, the Three Laws of Thermodynamics are LAWS and not suggestions, so putting forward a claim that not only does not work but that working is a physical impossibility is not especially helpful.  Hemp, and any other organic material, for that matter, whether it be straw, sawdust, or coal makes smoke and other pollutants when burned.  If we REALLY want to solve air pollution problems then we need to eliminate the combustion process altogether and not simply make a bad process more efficient.  All IMHO, of course.  :-)
       

  14. About Manarinno’s style I’d say that
    - people prefer sensationalism: a scoop gets more attention-
    - people prefer a simple treatment of a subject, it affords to use less the brain (and I admit that thinking makes me tired.)
    - there s a thousand guys making videos on the internet on economics so it’s difficult to get attention
    As a conclusion, he does what he must to get famous and adored, I dont think that he is very sincere, he does his job that’s all. I hate journalists lol.

    • “I hate journalists lol.”
       
      It’s been so long since any of us has actually seen a real journalist that we probably would not recognize one any more.  Lots of people out there trying to pass themselves off as journalists, though.

  15. @widget it is a simple formula using hemp oil methanol and NaOH or KOH.  your choice on the two base chemicals.  Plenty of info on youtube about it.  Hemp grows damn near anywhere so prime farmland doesn’t have to be allocated for its cultivation.     When Henry Ford invented the Model A he ran it on gasoline derived from hemp. 

Leave a Reply