Silver and Gold: A Hedge Against Inflation, Bitcoins: A Hedge Against Silver Manipulation?

bitcoin silverGuest Post by SD reader SilverorPropertyTaxes:

Silverdoctors.com and Max Keiser have both done extensive documentation and exposing of how the silver market is manipulated.
Traditionally, silver has been seen as a hedge against inflation, but how can this work if it’s a manipulated market through phony ETF’s and re-hypothecated lending of bullion? The silver supply is running out, and you can see just a few of the figures for its rapid consumptions here and here.

When silver is manipulated – for instance the banks drop 2.5 years of U.S. silver production onto the market in ten minutes time in the form of short contracts, it makes it hard to see how anyone can use silver as a hedge against inflation in the short term. However, when you look at the rapid rise of bitcoin, you see that what could be a useful tool to hedge your silver investment against manipulation in the markets.  It is more difficult for the banks to manipulate bitcoin than silver. For one, there is no one who can claim to have bitcoin and then be granted the ability to short it like silver. People have not been accumulating bitcoin for ages like silver (supposedly), and there is little or no bitcoin derivative market. [Read more...]

Turkey & Syria Clash and Asians Take a Shine to Silver

Precious metals have all run up with the recent loose money policies enacted by various governments.  Clearly the market darling of late is silver which is now gaining favour in Asia for its value appeal.  Spot silver traded in New York has risen by 27% since the end of June, while the price of spot gold has increased by a meek 12%. Analysts say future Indian demand is key for silver’s price to climb. Futures contracts for silver at India’s largest commodity exchange, the Multi Commodity Exchange, rocketed 30% in September compared with July, while volumes fell by 10% for gold futures contracts over the same period. Indian rupee weakness sent gold prices in rupees to an all time high this year, while silver never exceeded the record it hit last April. Rupee-denominated silver is currently being quoted around 20% below the record. Indian investors have ceased purchasing because the 2 weeks ending Oct. 15th is regarded as inauspicious.  The buying will commence and peak during the week ahead of the Hindu festival of Diwali on November 13th. In China, on the Shanghai Futures Exchange silver futures were up 29% at the end of September verses the end of June, while gold climbed 13%, according to data from the exchange’s website. [Read more...]

Silver Update: Silver Substitutes

BrotherJohnF’s discusses his short term outlook for silver and whether there are any viable commercial substitutes for silver in his latest Silver Update:  Silver Substitutes [Read more...]

Greg Mannarino: SILVER IS THE MOST UNDERVALUED ASSET IN THE HISTORY OF THE WORLD!!

In this must watch market update, Greg Mannarino discusses the recent pull-back in crude, stating that the long term trend for crude is up, up, UP. He states that the current pull-back is creating a MASSIVE FLOOR and is extremely bullish, and that ‘after this current pull-back I am more bullish on crude than I have ever been!  There is NO WHERE FOR COMMODITIES TO GO BUT UP!

Mannarino states that the Fed is in absolute complete panic mode by announcing an open-ended, unlimited, QE to ABSOLUTE INFINITY.  He states that the Fed is currently setting up the biggest crash in the stock and currency markets that the world has ever seen in the history of the world, but that people who are holding commodities like crude oil will make out like bandits.

Mannarino emphasizes that the best way to do this is to hold physical assets in your hand like gold, and more specifically, silver.  He concludes by stating that ‘SILVER IS THE MOST UNDERVALUED ASSET IN THE HISTORY OF THE WORLD!!! That is a fact my friends!!

MUST WATCH!! [Read more...]

Silver Clears $32.50 in Globex Session

Silver has just shot nearly .50 higher on the afternoon Globex session, clearing $32.50 with a high of $32.51.

While we failed to see silver clear $32.50 during today’s COMEX session, silver continues to look very strong, and should challenge the critical level Wednesday.  [Read more...]

Silver Explodes Through $32!

As expected with it’s strong action through Friday’s close, silver has exploded in today’s London and electronic market trading, blasting .45 higher to $32.28, and slicing through $32 like a hot knife through butter. 

We expect some resistance near $32.50-$33.  If silver is able to clear this level as volume returns to the markets come Tuesday, silver will likely target $35 in a disorderly move to the upside. [Read more...]

Silver COT Report 8/24/12: Commercials Increase Net Shorts 38%, Add a MASSIVE 45 MILLION Oz to Shorts

Submitted by SD Contributor Marshall Swing

Silver COT Report 8/24/12

 

Commercials sold off a huge -4,651 longs on the week and added a whopping 4,424 shorts to end the week with 46.48% of all open interest, a minor change of +0.35% in their share since last week, and now stand as a group at 162,385,000 ounces net short, an increase of over 45,000,000 net short ounces, or an astonishing 38% increase in their net short position in a single week! [Read more...]

Silver POPS, Is JPM’s Alleged Short Position in Trouble?

After almost 9 weeks of trying to break over $28, silver closed over over $28 on Thurs/Friday and, after a concerted and blatant attempt by the silver manipulating banks to take silver below $28 this morning, it inexplicably shot up like a roman candle at 11:12 a.m. EST time.

We know that at some point in the future that JPM’s paper short position in silver is potentially the equivalent of a small nuclear device embedded deeply the bank’s bowels.

The trigger will be the point at which counter-parties to JPM’s short position demand physical delivery of the silver JPM is derivatively short on the Comex, LBMA and OTC derivatives market. [Read more...]

Strap on Your Seat-Belt, Silver is About to BLAST HIGHER

Submitted by SD Contributor FW:

Silver is trading like a volcano ready to blow.  I think the sub-$26 level is history and soon, sub-$30 will be history as well.  It’s managed retreat time.

I’m sticking to my call on Aug. 8th, which I think is very conservative:  Strap on your seat-belt.  We’re about to blast higher.  By Sept. 30th, we’ll be deep into the $30s for silver and I’m in the camp that sees strong odds for new highs by the end of Feb., 2013. [Read more...]

Silver Spike. Huh?

A silver spike of a $1 in the overnight trading session?  Image below.  Doc’s take on this coming soon.

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First Majestic CEO Keith Neumeyer, “I am a Triple Digit Silver Guy, so I think we are going back to a ratio of silver to gold in the 20 range.”

Keith Neumeyer, CEO of First Majestic Silver Corp.,  Exclusive Radio Interview With BullRun of SilverDoctors.com.

When asked on his views of the future of the metal….

I am comfortable with investing part of our revenue or part of our earnings into the metal.

We did invest $10 million in the PSLV which is Sprott’s ETF.  We are the only mining company that actually invested in that fund.  Quite surprisingly to me, I communicated with I think 5 other silver mining companies’ CEOs over a period of week prior to that offering by Sprott.  I told them that First Majestic would participate in the offering and I asked them to participate as well.  Not one of them did to my surprise.  We are happy to do it, but it was a bit surprising that other miners did not participate. 

First Majestic Silver Corp. is the first silver miner to be featured on SilverDoctors.com and has given us 7- 1/2 oz promotional rounds to be given out to SD Readers.  Silver rounds will be awarded as part of daily contests from 4/15-4/21.

 

FULL INTERVIEW BELOW NOW AVAILABLE:
[Read more...]