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The Don · 9th May 2013, 09:16 AM

So far the alleged lack of physical gold has not led the price of silver to change significantly.

Silver spot today - $24ish

Puppycow · 10th May 2013, 07:24 AM

Looks like another bad day for gold and silver underway.

http://www.bloomberg.com/markets/com...utures/metals/

Comex gold down over $40.

Another bear raid maybe?

ETA: Oil is also down so doesn't seem to be limited to precious metals:

http://www.bloomberg.com/energy/

kevsta · 15th May 2013, 05:23 AM

commodities are generally selling off together, oil did take a big hit when the metals did, but its generally more volatile anyway and the moves were strong but not statistically way out of the norm.

re silver production and declining ore grades CHART

Quote:

According to Fresnillo’s 2012 Annual Report:

Annual silver production at Fresnillo decreased 12.9% from 2011 due to the expected and natural decline in ore grades. Based on current assumptions, we expect ore grades to decline to approximately 300 g/t level in 2013, then to remain within in the range between 300 g/t and 325 g/t for four years before declining in the following years towards the ore grade in reserve (281 g/t).

definitely bullish. probably not today though

http://srsroccoreport.com/fresnillos...es-13-in-2012/

Fast Eddie B · 15th May 2013, 09:14 AM

Originally Posted by kevsta

commodities are generally selling off together, oil did take a big hit when the metals did, but its generally more volatile anyway and the moves were strong but not statistically way out of the norm.

re silver production and declining ore grades CHART

definitely bullish. probably not today though

http://srsroccoreport.com/fresnillos...es-13-in-2012/

So, how is Michaelsuede's April, 2011 prediction working? (from page one of this thread):

"Commodities markets are currently increasing at about a 22% annual rate, and are accelerating.

We will experience hyperinflation."

Did you agree with him then?

Do you agree with him now?

trustbutverify · 15th May 2013, 04:08 PM

I'd be interested in any new predictions MS has on the silver market. I'm sure he'll return during the next silver advance to gloat on how naive the general pop is and how savvy he is.

Puppycow · 19th May 2013, 11:27 PM

Silver Plunges to Lowest Since 2010 as Gold Drops for Eighth Day

Quote:

Silver plunged to the lowest level since September 2010, sending its ratio to gold to the highest in 33 months, while bullion extended the longest slump in four years as investment holdings contracted and stocks rallied.

Silver for immediate delivery tumbled as much as 7 percent to $20.6985 an ounce, and was at $21.345 at 11:32 a.m. in Singapore. The ratio surged to 64.89, the highest since August 2010. Gold lost as much as 1.5 percent to $1,338.85 an ounce, the lowest price since April 18, and was at $1,347.23. Gold is down for an eighth session, the worst run since March 2009.

kevsta · 19th May 2013, 11:45 PM

Originally Posted by Puppycow

Silver Plunges to Lowest Since 2010 as Gold Drops for Eighth Day

I happened to watch the open last night and the silver drop more than $2 in 5 minutes from 22.20 to 20.00

obviously perfectly normal supply and demand activity, a 10% vertical drop in a few seconds clearly aligns with unprecedented global (physical) investment demand, nothing to see here, move along...

The Don · 20th May 2013, 12:40 AM

Originally Posted by kevsta

I happened to watch the open last night and the silver drop more than $2 in 5 minutes from 22.20 to 20.00

obviously perfectly normal supply and demand activity, a 10% vertical drop in a few seconds clearly aligns with unprecedented global (physical) investment demand, nothing to see here, move along...

See my earlier post where I attempted to look at the price breakdown of silver and gold. Seems to me that the speculative money has swung sharply behind the short position.

This could be large scale market manipulation to depress the value of silver to support the value of the dollar and to keep the QE taps on but to me it seems more likely that it's a hedge fund dogpile.

kevsta · 20th May 2013, 12:52 AM

Originally Posted by The Don

See my earlier post where I attempted to look at the price breakdown of silver and gold. Seems to me that the speculative money has swung sharply behind the short position.

This could be large scale market manipulation to depress the value of silver to support the value of the dollar and to keep the QE taps on but to me it seems more likely that it's a hedge fund dogpile.

haha yes although it possibly sounded like my general manipulation argument, last night didnt actually look like "intervention", my insinuation was supposed to be more of a "broken markets" type nature in this instance.

there were some violent JPY moves on the FX open that correlated with the silver movement that does suggest algorithmic activity and possible fund (silver) liquidations due to JPY stops being hit & margin calls.

The Don · 28th May 2013, 01:11 AM

Originally Posted by The Don

I didn't think you were. I was referring back to Muldur's post but was very unclear about the way that I did it.

I personally don't have a clue. If the silver price has not shot up (let's say it's still under $30) in:

- a week
- a month
- three months
- a year

can we say that it isn't.

Given that there seems to be a sense of immediacy about the alleged shortage of gold how about we say that if the price of silver is under $30 this time next week then the shortage of gold hasn't forced people into silver ?

Well it's been a month now and the price is largely unchanged at $22.50 or thereabouts.

Looks like the lack-of-physical-gold-leading-to-a-run-on-silver hasn't happened so far.

10th May 2013, 07:24 AM	#922
Puppycow Penultimate Amazing Join Date: Jan 2003 Location: Japan Posts: 16,017	Looks like another bad day for gold and silver underway. http://www.bloomberg.com/markets/com...utures/metals/ Comex gold down over $40. Another bear raid maybe? ETA: Oil is also down so doesn't seem to be limited to precious metals: http://www.bloomberg.com/energy/
	__________________ “Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them. With Major Major it had been all three.” ― Joseph Heller, Catch-22 Last edited by Puppycow; 10th May 2013 at 07:28 AM.

15th May 2013, 05:23 AM	#923
kevsta RBL CHeck Failed Join Date: Jun 2007 Location: in the shadows Posts: 2,575	commodities are generally selling off together, oil did take a big hit when the metals did, but its generally more volatile anyway and the moves were strong but not statistically way out of the norm. re silver production and declining ore grades CHART Quote: According to Fresnillo’s 2012 Annual Report: Annual silver production at Fresnillo decreased 12.9% from 2011 due to the expected and natural decline in ore grades. Based on current assumptions, we expect ore grades to decline to approximately 300 g/t level in 2013, then to remain within in the range between 300 g/t and 325 g/t for four years before declining in the following years towards the ore grade in reserve (281 g/t). definitely bullish. probably not today though http://srsroccoreport.com/fresnillos...es-13-in-2012/
	__________________ "The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title." - Anonymous

19th May 2013, 11:27 PM	#926
Puppycow Penultimate Amazing Join Date: Jan 2003 Location: Japan Posts: 16,017	Silver Plunges to Lowest Since 2010 as Gold Drops for Eighth Day Quote: Silver plunged to the lowest level since September 2010, sending its ratio to gold to the highest in 33 months, while bullion extended the longest slump in four years as investment holdings contracted and stocks rallied. Silver for immediate delivery tumbled as much as 7 percent to $20.6985 an ounce, and was at $21.345 at 11:32 a.m. in Singapore. The ratio surged to 64.89, the highest since August 2010. Gold lost as much as 1.5 percent to $1,338.85 an ounce, the lowest price since April 18, and was at $1,347.23. Gold is down for an eighth session, the worst run since March 2009.
	__________________ “Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them. With Major Major it had been all three.” ― Joseph Heller, Catch-22

19th May 2013, 11:45 PM	#927
kevsta RBL CHeck Failed Join Date: Jun 2007 Location: in the shadows Posts: 2,575	Originally Posted by Puppycow Silver Plunges to Lowest Since 2010 as Gold Drops for Eighth Day I happened to watch the open last night and the silver drop more than $2 in 5 minutes from 22.20 to 20.00 obviously perfectly normal supply and demand activity, a 10% vertical drop in a few seconds clearly aligns with unprecedented global (physical) investment demand, nothing to see here, move along...
	__________________ "The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title." - Anonymous Last edited by kevsta; 20th May 2013 at 12:15 AM.

20th May 2013, 12:52 AM	#929
kevsta RBL CHeck Failed Join Date: Jun 2007 Location: in the shadows Posts: 2,575	Originally Posted by The Don See my earlier post where I attempted to look at the price breakdown of silver and gold. Seems to me that the speculative money has swung sharply behind the short position. This could be large scale market manipulation to depress the value of silver to support the value of the dollar and to keep the QE taps on but to me it seems more likely that it's a hedge fund dogpile. haha yes although it possibly sounded like my general manipulation argument, last night didnt actually look like "intervention", my insinuation was supposed to be more of a "broken markets" type nature in this instance. there were some violent JPY moves on the FX open that correlated with the silver movement that does suggest algorithmic activity and possible fund (silver) liquidations due to JPY stops being hit & margin calls.
	__________________ "The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title." - Anonymous

9th May 2013, 09:16 AM	#921
The Don Philosopher Join Date: Nov 2002 Location: Cymru Posts: 8,546	So far the alleged lack of physical gold has not led the price of silver to change significantly. Silver spot today - $24ish

15th May 2013, 09:14 AM	#924
Fast Eddie B Graduate Poster Join Date: Sep 2010 Location: Mineral Bluff, GA Posts: 1,122	Originally Posted by kevsta commodities are generally selling off together, oil did take a big hit when the metals did, but its generally more volatile anyway and the moves were strong but not statistically way out of the norm. re silver production and declining ore grades CHART definitely bullish. probably not today though http://srsroccoreport.com/fresnillos...es-13-in-2012/ So, how is Michaelsuede's April, 2011 prediction working? (from page one of this thread): "Commodities markets are currently increasing at about a 22% annual rate, and are accelerating. We will experience hyperinflation." Did you agree with him then? Do you agree with him now?

15th May 2013, 04:08 PM	#925
trustbutverify Master Poster Join Date: May 2007 Posts: 2,193	I'd be interested in any new predictions MS has on the silver market. I'm sure he'll return during the next silver advance to gloat on how naive the general pop is and how savvy he is.

20th May 2013, 12:40 AM	#928
The Don Philosopher Join Date: Nov 2002 Location: Cymru Posts: 8,546	Originally Posted by kevsta I happened to watch the open last night and the silver drop more than $2 in 5 minutes from 22.20 to 20.00 obviously perfectly normal supply and demand activity, a 10% vertical drop in a few seconds clearly aligns with unprecedented global (physical) investment demand, nothing to see here, move along... See my earlier post where I attempted to look at the price breakdown of silver and gold. Seems to me that the speculative money has swung sharply behind the short position. This could be large scale market manipulation to depress the value of silver to support the value of the dollar and to keep the QE taps on but to me it seems more likely that it's a hedge fund dogpile.

28th May 2013, 01:11 AM	#930
The Don Philosopher Join Date: Nov 2002 Location: Cymru Posts: 8,546	Originally Posted by The Don I didn't think you were. I was referring back to Muldur's post but was very unclear about the way that I did it. I personally don't have a clue. If the silver price has not shot up (let's say it's still under $30) in: - a week - a month - three months - a year can we say that it isn't. Given that there seems to be a sense of immediacy about the alleged shortage of gold how about we say that if the price of silver is under $30 this time next week then the shortage of gold hasn't forced people into silver ? Well it's been a month now and the price is largely unchanged at $22.50 or thereabouts. Looks like the lack-of-physical-gold-leading-to-a-run-on-silver hasn't happened so far.