Silver Will Be The King Precious Metal Performer

While gold is the king monetary metal, silver will turn out to be the king precious metal performer.  Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.
However, silver will surprise the markets in the future as overwhelming demand will outstrip supply in a big way.
The key factor that will drive up the price (value) of silver much higher than gold in percentage terms, will be its affordability.  As the price of gold heads back above $1,500 and silver to $30, an individual can buy a heck of a lot more silver than gold.
As the public and market are lulled back to sleep (presently) on the value of silver, there will come a time in the future when it will be impossible to acquire a single ounceonly at much higher prices.
Silver Will Be The King Precious Metal Performer.

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Silver Goes Vertical Again, Spikes Through $22 on Asian Open!

beach ballAfter Friday’s monster $1 rally of nearly 5% in silver, and $20 in gold, the metals are again breaking out to the upside on Monday’s Asian open, just as we forecast on this weekend’s Metals & Markets.
Silver opened Globex trading with a vertical move, and after consolidating around $21.70, is spiking again on the Asian open, and looking like it wants to challenge the $22 level this evening. [Read more...]

Alasdair Macleod: Silver outperforming

silver rallySilver outperformed gold this week, having risen about 5% from $19.05 to Friday’s close at about $20. Intra-day movements have been the result of market-makers trying to work the price lower, because they are net short, and being squeezed by lack of genuine selling. This is illustrated in the chart below of silver’s price and open interest on Comex. [Read more...]

Massive Silver Short Squeeze Looms!

Silver is on the verge of a massive short squeeze.  Speculators’ silver-futures shorts surged to extreme bull-record levels less than a month ago.  And they’ve barely started to mean revert, which means big buying to cover is still coming soon.  While speculators’ silver-futures positions are always a great contrarian indicator at extremes, exceptional shorts are the most bullish portent of all.
Unlike new long-side buying, short covering isn’t optional.  Silver futures’ hyper-leverage guarantees that speculators have to quickly buy to cover as silver’s price rises.  This feeds on itself, igniting a buying frenzy as traders rush for the exits.  The bigger their aggregate shorts, the greater the rally their covering sparks.  So the recent bull-record shorts are a super-bullish harbinger for silver and its miners’ stocks. [Read more...]

Jim Sinclair: Banksters Now Manipulating the Metals to the Upside!

bank panicLegendary gold trader Jim Sinclair sent out an email alert this weekend advising readers that the current rally in gold and silver is the long awaited BIG ONE, that $50 silver is a given here, stating that the current move: This gold bull price phase is the one long predicted here that will return the most money to the fewest in the shortest period of time.

Sinclair states that as long anticipated, the bullion banksters have flipped and have clearly begun manipulating gold and silver to the bullish side, as the most massive move of the entire bull market lies directly ahead.
Sinclair’s full MUST READ alert is below: [Read more...]

Silver Prices – The Big Picture

imagesSubmitted by Deviant Investor

Question: What do May 2004, January 2005, August 2005, June 2006, October 2008, February 2010, September 2011, December 2011, June 2012, and December 2012 have in common?

Answer: They represented significant price lows in silver, AND those lows were confirmed by the weekly stochastic (14,3,3) indicator and the weekly TDI Trade Signal Line (13,5) as shown in the following chart of silver prices since 2004. Approximately once per year the weekly stochastic and weekly TDI indicators have given a “buy-signal” in the silver market.

The ten year chart of silver prices is plotted on a logarithmic scale and shows a highly volatile exponential increase in prices over that ten year period. Note the higher trend line extends to approximately $100 by the end of 2013. [Read more...]

Next Bull Wave Cycle to Take Silver to $91 in 2013?

Image: Jonny O'Callaghan

Image: Jonny O’Callaghan

Equity Management Academy’s Steve Roy has released his silver forecast for 2013.  While many precious investors are panicking and throwing in the towel in the aftermath of the month long capping in gold and silver after QE4, Roy is predicting a massive year for silver in 2013.

Roy states that silver completed the 4th wave of it’s correction and placed a bottom in June 2012 and that silver’s next up wave will take the metal to $91 in 2013:

This cycle terminated in July of 2012, and the low was in June.  Note that the 1.618 extension of the Wave 3 move is $91.98; eerily close to the $91.49 price that we got earlier from the monthly chart.
This indicates to me that the rally from the low in June, and subsequent completion of the ABC correction of that wave sets us up for the next impulse wave higher.  Based on my analysis, I think silver will go above $90.00 in 2013, on its way to much higher prices later on.”

Roy’s full analysis below: [Read more...]

RJO’s Streible: Silver Will Be #1 Commodity Pick of 2013, Short Covering Rally Will See Prices EXPLODE!

RJ O’brien Senior Commodities Broker Phil Streible was on Bloomberg this morning, and when asked by the host for his #1 commodities pick for 2013, Streible responded: Silver!

Streible stated that: The Fed will continue to buy mortgage backed securities and treasuries, causing the Fed’s balance sheet to expand from $2.9 Trillion to $4 Trillion by the end of the year.
The Bloomberg host then asked Streible why then wouldn’t he buy gold rather than silver?

Streible responded:  Ultimately the Fiscal Cliff issues will be resolved, silver prices have been beat up recently, we’ve seen a 10% decline in the last week, and I think that a snap-back short covering rally will occur, and prices will explode!

Full interview below: [Read more...]

Silver’s Lucky Number 7

Submitted by Morris Hubbartt:

The pullback in silver this week brought the important RSI indicator back down to the key 30 area.  Silver is one of my favorite long term growth investments.
On the long term silver chart, RSI for silver has declined to 30 area, seven times.  Six big rallies have occurred after each of those events.  Will this time be “lucky number 7”?  I think so, and my target for this rally is $44.

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Gold & Silver Power Bars: Silver Set to EXPLODE On QE4

Submitted by Morris Hubbartt:

Many market pundits seem to have forgotten how strongly QE can affect the price of gold. This gold chart highlights those effects, with a broad green “chart brush”.   Note the thick green bars.  They highlight the gold price action during QE1 & QE2.  I believe QE3 (and possibly QE4) will produce very similar results.  When the Fed purchases bonds in the open market with printed money, gold tends to rally for a significant period of time.
Quantitative easing is positive for gold, and the effects on silver are even more powerful.  This chart highlights the enormous gains that silver achieved during both QE1 and QE2.   My focus is physical silver, because of concerns about the banking system and growing volatility.
My short term target is $44, which should be acquired at about the time that gold reaches $1850.  To put that in perspective, I expect silver to gain about 29%, while gold gains 7%.  That’s an outperformance ratio of about 4 to 1! [Read more...]