Silver $40+ by mid april

peilthetraveler · Mar 30, 2012

Quote from dolemitettu:

Sounds absurd, IMO. The margin on gold & silver make it prohibitive for most retail investors, IMO, and they're already manipulating the hell out of the market.

Given the rumored short positions JPM holds I'm not sure why they'd allow a run up, which could potentially get out of control. Aside from that, investors are losing faith in the CME and its integrity.

The only possible way this is true, IMO, is if they're not driving the price up, but allowing it to pursue its natural path. Then they'll slam it back down like they always do.

Re: physical - WTF takes delivery anyway? (as a retail?)
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The federal reserve has pretty much said they will cover any losses JPM incurs on silver

murray t turtle · Apr 4, 2012

Quote from peilthetraveler:

Should see $40 silver by tax day (give or take a week)

Current spot price as of this writing(3/28/12) is $32.04 for silver...

I know most people are not expecting any kind of move considering how stagnant silver has been, but get ready for it anyway. Before you all ask how I know this...I will just say "A little bird told me"

Could go much higher than $40, but I don't want to overestimate.
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Trend traveler;
Well that depends on the dealer;
some do mark up silver bars/coins a pretty good bit...

Long story short;
sell, short silver, SLV @$32 area. Not a prediction.

Long term trend is still UP;
medium & shorter trends are mostly sell

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Silver $40+ by mid april

peilthetraveler

murray t turtle