• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Silver

millwright

Seeker
Seeker
Joined
Mar 31, 2010
Messages
158
Likes
75
#3
Looking forward to the forum. Glad to see you here straw.

By the way, just as a side note. I think HL is the best mining play out there right now. Lead , Zinc,Silver and Gold make this stock look really cheap right now.

Onward and upward.
 

Heads_Up

Seeker
Seeker
Joined
Apr 1, 2010
Messages
122
Likes
46
Location
Manitoba
#7
Strawboss,

Thank you for continuing your thread. It's one of my main reads and will continue to be so.

I've always wanted to ask, I've DYODD on IPT.v and was wondering your opinion on it. Till I accumulated this stock, I was mainly looking at AU stocks. I've tried the ETF's, but I like the fact that I can look at an actual group to evaluate how they are doing rather than just the metal.

disclosure ( I hold IPT.v, and I hold physical silver)
 

svm

New Member
Joined
Apr 1, 2010
Messages
39
Likes
5
#8
hi straw... right now silver is at 17.74 for bid and 17.93 for ask... why is the spread so wide? im looking at it through my forex software and usually its just a 6 pip spread. i dont get it.
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#9
SVM - It is because the market is closed for Good Friday/Easter weekend. Thin aftermarket trading can cause this. Nothing to worry about.

hi straw... right now silver is at 17.74 for bid and 17.93 for ask... why is the spread so wide? im looking at it through my forex software and usually its just a 6 pip spread. i dont get it.
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#10
Still trying to get acclimated to our new home here on GIM2. As I am getting older, I get more resistant to change, but, it is what it is..I am thankful to Scorpio, Skyvike and the others who have made the decision to carry on (with all the effort and expense that was involved).

Since this is a new thread on a new forum and the old stuff is no more, its a chance for a new beginning. So, lets begin with what I think is foundational.

Why Silver?

It is my belief that silver is the lynchpin of the entire fiat based currency complex for the entire world. Yes, gold is the bigger precious metal - the one that has historically been the backing of currencies, but, silver has also been used as honest money for millenia. Silver and gold are intrinsically tied to the hip, so to speak and will continue to be.

The "mission" of TPTB is to "manage" gold, to keep it from rising in an erratic fashion, as that would cripple confidence in the fiat regimes, which would lead to all sorts of mischief and unrest. Because gold is a much larger market than silver, it is more difficult (and costly) to suppress gold.

By suppressing silver, they can actually influence what gold will do. It has worked, with varying degrees of success over the years. It is for this reason, I believe, that silver has the largest concentrated short position of any commodity on the planet - by far. This was discussed at some length last week at the CFTC hearing.

But, as with all suppression schemes, it is only viable for a while and eventually the market sniffs out the arbitrage opportunities and some well heeled traders see the lopsided short positions and the opportunity to create a squeeze.

We will see that one of these days in silver. And when we do, it will be an incredibly wild ride. My intention is to be established prior to that taking place so that the unfolding of those events can be capitalized upon.

Yes, gold is more glamorous than silver, but, silver is the key to the continuation of the fiat regimes we have all been forced to live under. TPTB know this - but, do you? TPTB understand the importance of the role of silver - hence their efforts to manipulate and suppress it. Do you?

Supporting free market discovery of silver price with no governmental interference is the pursuit of freedom - liberty - justice.

By being a supporter of silver, I am making a statement that I do NOT support governmental policy, I do NOT support the profligate spending, the debt that has been amassed, the middle class that is being destroyed, the global financial system framework that is being implemented, the implementation of technology to control and influence the masses, etc...
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#11
Here is a chart of IPT.v (Impact Silver). The chart has some good/bad to it which leaves the divination of future direction fuzzy. For example, RSI has held 40 - which you would expect in an uptrending stock, but, price has been declining and the stochastic is currently embedded below 20. The action off the fib retracement levels make me think that further downside is definitely possible - but, not assured (rising tide lifts all boats).

I have drawn what I believe to be the important support/resistance lines (other than horizontal ones).

If I was going to invest in this stock (which I am not currently), I would wait until the stochatic closes above 20 before entering.



Strawboss,

Thank you for continuing your thread. It's one of my main reads and will continue to be so.

I've always wanted to ask, I've DYODD on IPT.v and was wondering your opinion on it. Till I accumulated this stock, I was mainly looking at AU stocks. I've tried the ETF's, but I like the fact that I can look at an actual group to evaluate how they are doing rather than just the metal.

disclosure ( I hold IPT.v, and I hold physical silver)
 

pay dirt

Gold Member
Gold Chaser
Joined
Apr 1, 2010
Messages
1,115
Likes
659
#12
Thanks to Strawboss for again starting this thread. Heres to a new thread and a new wave for silver, money of the people. Plata PURA!
 

bulloncoins

Silver Member
Silver Miner
Joined
Mar 30, 2010
Messages
766
Likes
554
#13
I guess the Great Jobs report data that they were celebrating on TV News all day is reason to push silver down?

OK...

I'll try to find something to buy if they do...
 

leadfoot

New Member
Joined
Mar 31, 2010
Messages
21
Likes
6
#15
Thanks Strawboss. Regarding the RSI on your first chart - it looks close to the plateau level that's held for at least the past 6 months. Wouldn't this portend more sideways action for now and an inability to break through the Dec. and maybe even the Jan. highs? (Of course, certain events, ie CFTC ruling or Comex failure, will negate any trend analysis.)
 

Anakin

Silver Member
Silver Miner
Joined
Apr 2, 2010
Messages
693
Likes
177
#18
Thanks for this thread, Strawboss and everyone else.

You do some great work.
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#20
I have been personally recruited to join "the other site" and I will NOT be doing so. GIM has been good for me and to me. I have a great deal of respect for what has been built here, and even with the tumult of going from GIM1 to GIM2, this is still my home.

There are some that get angry because someone gets banned. From what I can tell, those that get banned pretty much ban themselves by their acitons, and have no one to blame but themselves.

I am thankful to the founders of GIM for all they have done, and this is a great opportunity for me to express my gratitude to them by remaining loyal.

Just my opinion...
 

andial

use default title
Midas Member
Site Supporter ++
Joined
Apr 1, 2010
Messages
10,532
Likes
10,861
#22
That chart is hilarious. Is the lighthouse beaming down from the old high your own idea? I like it.
 

AgAuGal

Founding Member
Founding Member
Site Mgr
Site Supporter
Joined
Mar 28, 2010
Messages
3,441
Likes
1,379
#23

millwright

Seeker
Seeker
Joined
Mar 31, 2010
Messages
158
Likes
75
#24
Looking forward to the forum. Glad to see you here straw.

By the way, just as a side note. I think HL is the best mining play out there right now. Lead , Zinc,Silver and Gold make this stock look really cheap right now.

Onward and upward.
I love quoting myself. HL is up 55 cents since April 1st.
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#25
Joined
Mar 31, 2010
Messages
1,368
Likes
103
Location
West Coast
#26
Lions, while I was reading the Silver mining report, I noticed it talks about CDE. They suck big time. CDE is a sucker.
Wheeler has run off with all the profits.

Coeur d’Alene Mines Corporation is one of the world’s leading silver companies and also a significant gold producer. Coeur is seeing its first full
year of production this year at the world's largest pure silver mine -
Stick a cork in it Wheeler. I sold CDE at $23. I sold again from $13 at $16. I just keep selling.
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#27
Here is a weekly view of silver. I am thinking we may get to $30 in this move while gold will get to $1350, which will give us a ratio of 45.

 

millwright

Seeker
Seeker
Joined
Mar 31, 2010
Messages
158
Likes
75
#28
The time for mining equities is now. If silver hits 30 on this move, i still wouldn't dream of selling my eagles. But 30 dollar silver will send the miners to the moon.

Howard Ruff had it right .
 
Joined
Mar 29, 2010
Messages
1,702
Likes
602
#29
The time for mining equities is now. If silver hits 30 on this move, i still wouldn't dream of selling my eagles. But 30 dollar silver will send the miners to the moon.

Howard Ruff had it right .
Howard Ruff predicted the End of the World 30 years ago. Will he be right about miners flying IF Silver goes to $30 in the next 18 months? First off I think we are about to make some type of major high over the next 4-8 weeks then the big flop again. Only SLW seems to be trading "right". Until the miners can separate themselves from the major market the miners aren't any more attractive than the latest group that the den of thieves choose to run up the flag pole.
 

Attachments

Voodoo

Seeker
Seeker
Joined
Mar 31, 2010
Messages
133
Likes
73
Location
Deep Underground Bunker
#30
Well thanks for the charts Strawboss. I still can't find the thanks button now trying to get used to the new site.:confused:
I finally had some time to look at the charts and play around with some numbers. I also came up with a target of $27-30 for the end of this wave. However, I think that this is Large I of MAJOR THREE. I see the end of this wave at the $30 range. I also think that this will put us at a target of $108-$115 for the end of MAJOR THREE.:banana: Silver has been more volatile than gold and I think that the low of 8.88 on Large II was overblown and should have ended around 13.5. Regardless it does not change the overall picture. See the charts and EWV counts that I put together.

Note that I don't believe we have finished Large Wave I for several reasons. We have only been in the uptrend for 400 days much less than the over first waves. In addition, the correction was not large enough to be a Large II. Finally, we never saw any type of parabolic move towards the end of the wave. That should be coming soon.:bear_thumb:
 

Attachments

Hawkeye

Doncha know we're riding with da king!
Gold Chaser
Joined
Mar 30, 2010
Messages
583
Likes
2,723
Location
The Overlook Hotel
#31
Can I play?...nice thread you guys....bottom line...just accumulate the shiney stuff...NOW!!!!:bear_tongue:

 

Voodoo

Seeker
Seeker
Joined
Mar 31, 2010
Messages
133
Likes
73
Location
Deep Underground Bunker
#32
Sure Hawkeye, good to see you around again. The more the merrier but I really like it when you can find three different independent TA all pointing to the same number. Surely cannot be a bad sign.
 

Eat Beef

Gold Member
Gold Chaser
Joined
Mar 30, 2010
Messages
2,736
Likes
1,768
Location
Third Coast
#33
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell......
 
Joined
Mar 30, 2010
Messages
12,275
Likes
6,182
#34
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell some physical silver when spot is $30.
I will sell......
Nope, I dunt believe it!! :reddy:
 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#35
Parallel lines fascinate me...

 

Strawboss

Joined GIM in 2005
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
3,059
Likes
3,957
Location
Metro Detroit area
#36
Thank you Ted for all that you have done for all these years. I believe your analysis is spot on. The only thing I would add is that at some point, it will make economic sense to figure out a way to retrieve all the silver sitting in landfills all over the world. The only question is what price will make that extraction profitable...

Interview with Ted Butler

By: Theodore Butler and Jim Cook


-- Posted 13 April, 2010 | Share this article | Discuss This Article - Comments: 1 Source: SilverSeek.com

Here’s an interview with Jim Cook of Investment Rarities, Inc. on April 8, 2010.



Years ago, Jimmy Stewart played the lead in a movie titled, Mr. Smith Goes to Washington. In this case, it was Mr. Butler goes to Washington. Who did you meet with?

A: I met with the senior staff responsible for regulatory matters for about an hour and a half.

Q: Was the Chairman of the CFTC, Gary Gensler there?

A: He stopped by to introduce himself and chat briefly.

Q: What, in a nutshell was discussed?

A: Basically my long-held premise of a manipulation in COMEX silver via the documented concentrated short position. They asked an awful lot of on-the-money questions, to which I replied directly.

Q: Did you have reason to believe they agreed with your arguments?

A: Since they didn’t offer any challenges to what I said, and their follow up questions didn’t seem argumentative in the least, I sensed they were in basic agreement.

Q: What stands out about the meeting?

A: The seriousness with which they approached the issue.

Q: The following day, the public hearing took place. What did you think of that?

A: I thought it was great. Here we had a public meeting that revolved around the very issues I have petitioned the CFTC on for 20 years. Much to the Commission’s credit, the fact that they had rejected my contentions in the past didn’t deter them from addressing the issues openly.

Q: What issues were raised?

A: Whether we should have position limits in silver and gold.

Q: What else?

A: Why there is such a big concentrated short position in silver.

Q: What about whether the price is manipulated?

A: Yes, all of that.

Q: Who was on the other side?

A: The big banks, the exchange and all others from the silver “establishment†were opposed to hard position limits.

Q: What was their argument?

A: That is would drive liquidity and business from the COMEX to markets overseas.

Q: What were they angling for?

A: To preserve the status quo of allowing the biggest traders to continue to control the market. The big banks and the exchange are certainly not interested in having a level playing field.

Q: What about their argument that position limits would reduce liquidity?

A: It clearly was a bogus case, because causing a few large short traders to reduce their positions would actually increase liquidity, not decrease it. Legitimate hard position limits in silver, for example, even if those limits were reduced to the 1500 contract level I recommend would only affect less than 1% of all traders on the COMEX.

Q: Did that point come out?

A: Not at the meeting. But I will be sure to make that point in the future, in the public comment period.

Q: What exactly is the public comment period?

A: The time when the Commission seeks written input from the public on specific issues that goes on the official record.

Q: Should people comment?

A: Absolutely. The hundreds of public comments last year on silver and gold are what led to this recent CFTC hearing. It’s very important to email or write to the Commission on this issue. All comments must be received by April 26, 2010.

Q: Was JPMorgan at the hearing?

A: No.

Q: Why wouldn’t they attend?

A: My guess is that they didn’t want to answer specific questions and incriminate themselves.

Q: The whole thing sounds like a review of all the issues you have raised. Do you agree?

A: Absolutely. That’s what made it so great.

Q: Would it be safe to say that this meeting wouldn’t have taken place if it were not for you?

A: All modesty aside, I don’t see how.

Q: What happens next?

A: There has been tremendous attention placed upon the meeting and the important issues are being openly discussed and considered.

Q: I’m more interested in what happens next to the price.

A: The price of silver is going a lot higher.

Q: I’ve already had some complaints that nothing happened after the hearing. What do we tell these people?

A: Tell them the same thing you told them at $4, $5, $7, and every other price over the past ten years. Look, silver’s the best investment to come along in most people’s lifetimes. Have some patience. Besides, the price did go higher in the days following the meeting.

Q: Do you think position limits will be changed downward?

A: Yes, in silver. At a minimum, the position limits in COMEX silver will be adjusted downward relative to gold.

Q: When might this happen?

A: My feeling is after the price has moved up a lot. And I think that will be soon.

Q: What about exemptions to position limits?

A: Everyone knows that is the key. If they don’t crack down on JPMorgan and the other big shorts, the CFTC will be discredited.

Q: Do you think the big short sellers expect these changes?

A: I think JPMorgan does. I think the others may be missing what’s coming.

Q: They must be taking actions to protect themselves, don’t you think?

A: I think JPMorgan is taking action, not the others.

Q: What can they do?

A: Close out their shorts by buying them back or delivering against them, and most importantly, not selling short on the next price rally.

Q: Do you see any signs of this?

A: Yes, as regards JPMorgan. And they are the key.

Q: What happens if JPMorgan does sell short on the next rally?

A: I think there will be a public outcry and both JPMorgan and the CFTC will come under severe criticism. I know I won’t hold back.

Q: You have been very complimentary and supportive of the new Chairman of the CFTC, Gary Gensler, in spite of much disagreement. Why so?

A: Look, I judge people by what they say or do, not on some preconceived notions. He’s said and done the right things.

Q: I see many are jumping on the bandwagon about position limits. How does that make you feel?

A: Good. After 20 years, it’s about time.

Q: You are the sole person who raised the issue of position limits on silver. Do you think the CFTC is finally on board?

A: I think the leadership is.

Q: Exactly what impact do you see these rule changes having in silver?

A: The silver manipulation will be terminated.

Q: What will that do to the price?

A: It should go much higher.

Q: You’ve expressed to me privately and to our broker staff why you think people should buy silver now. Would you state the case here?

A: A number of factors have converged, in addition to the regulatory matters. The most important of these factors involve strong signs of an emerging wholesale shortage of silver.

Q: What signs?

A: Over the past 5 or 6 weeks, there have been unusual movements in COMEX warehouse silver stocks and deliveries by JPMorgan, as well as the withdrawal of a significant amount of silver from the big silver ETF, SLV. Taken together, these unusual movements suggest the big dealers are scraping the bottom of the barrel to come up with the timely delivery of silver to their wholesale customers. It appears to me that the big dealers are borrowing silver from Peter in order to pay Paul. This is a juggling act in which one misstep will unravel the whole silver scam.

Q: How much silver has been taken out of the SLV?

A: 9.5 million ounces in five weeks. Frankly, it’s beginning to look like there isn’t enough silver to go around.

Q: I know you think silver is better than gold. Why?

A: I don’t sense the same juggling act taking place in gold. The critical difference between gold and silver is that gold is not consumed industrially, while silver is. As a result of this critical difference, there is less silver bullion in the world than gold. Silver’s industrial consumption sets up the likelihood of a shortage, a condition not present in gold. Silver has investment demand on top of industrial demand. Gold has mostly investment demand.

Q: What does this mean to buyers of silver?

A: You can make a lot more money with silver than you can with gold. Silver can rise much more percentage wise.

Q: Can you be more specific?

A: I can see gold rising in price 20% or so, under the right circumstances, say up to $1,300. I can see silver easily rising 100% to 200%, to $35 or $70. In almost any scenario, I can see silver outperforming gold by five or ten times. With silver you are going to get the biggest bang for your investment dollar.

Q: But gold and silver performance has been roughly equivalent over the past ten years, haven’t they?

A: I realize that, and both have performed better than stocks or bonds or real estate. But I am convinced that the facts point to silver vastly outperforming gold. May I speak in blunt terms?

Q: I think my ears could handle it.

A: I think that gold investors who don’t hold a significant silver exposure have been lucky to date that gold has kept pace with silver. And I think these gold investors are being given a tremendous opportunity now to convert some or all of their gold holdings to silver.

Q: That’s not likely to happen in a big way, is it?

A: If all the gold investors were to make the switch there is not enough silver. But some can. I hope they do because silver is going to beat the stuffing out of gold price-wise, and there are going to be a lot of gold-only investors who will regret not making the switch.

Q: What can happen with investor demand if prices rise?

A: Initially, it will increase. It’s human nature for investment demand to grow as prices increase. Later on, at much higher prices, investors may begin to sell. When we get to those much higher prices, we’ll monitor investor behavior.

Q: Are the industrial users still oblivious to the events unfolding in silver?

A: Absolutely. The example I like to use is that they are like a giant herd of wildebeests on an African plain, feeding but sniffing the air for the scent of lions. When they do get the scent, they are all off and running. When the users get the first silver shipment delay notices, they will all panic and rush to build silver inventories. I don’t see what can stop it.

Q: What about these pool accounts and silver storage where there is paper silver but not real silver?

A: That is a very big problem still, even though so much as been written about it over the years. If you don’t have the serial numbers and exact weights of the 1000 oz. bars being held for you, with the ability to take delivery immediately of those exact same bars, you don’t own silver. Period. How anyone could continue to hold unallocated and not specifically earmarked silver is beyond me.

Q: As far as mainstream financial news is concerned, you are still a voice in the wilderness. How come so few people see what you see?

A: Because they don’t take the time to study the facts. It’s much easier to just assume you already know everything you need to know about silver and skip time-consuming tasks of actually studying it.

Q: Is that good for silver buyers?

A: Of course. It gives those who do take the time to learn the real silver facts the opportunity to buy before the crowd wakes up. Just ask those who loaded up at single-digit silver prices. The same will be said about buyers at today’s prices.

Q: Any new breakthroughs in the uses for silver?

A: Every single day. When you have a material that is the world’s best conductor of electricity, best heat transfer agent, best reflector of light, and best biocide, how could there not be new breakthrough? Silver is the most versatile metal of all.

Q: Is industrial demand for silver still growing?

A: Sure. As long as world GDP and population grows, silver industrial demand will grow. But what’s really remarkable is the composition of silver demand.

Q: In what way?

A: How many commodities can you name where its main demand engine was crushed and other new demands emerged to maintain and increase total demand? None. Yet silver lost its main demand sector in photography and still overall demand increased. That’s incredible and shows just how versatile silver is as a vital industrial material.

Q: What impact do you think China has on silver?

A: Huge; both from a production and refining perspective and as a consumer. China is currently the largest consumer of all metals and that doesn’t look to change except accelerate. The long-term future of the price of silver will be determined by China.

Q: How will they react to a big surge in the silver price?

A: I’m not exactly sure, but if you stick around for a while, I guess we’ll all see with our own eyes.

Q: China recently made silver ownership legal. Are the Chinese people known to be buying silver?

A: There were reports to that effect a while back, but information from China is sketchy. I think it’s safe to say, however, that they will play a major role in the future.

Q: What about the inflation factor? Is silver one of the things to own to offset inflation?

A: Sure, but that’s kind of elementary, so I don’t write about it much. There’s not much value added in telling folks what they already know.

Q: Retirees on fixed incomes are getting hurt by low interest rates. They are afraid to risk their precious capital in silver. What do you say to them?

A: I understand their dilemma. Sufficient and dependable income from savings is hard to come by in today’s ultra-low interest rate environment. I’m not a magician who can turn silver into an income-producing asset. But I believe it is a safe asset that can grow to many times its current price. I believe you will be able to sell it at a profit in the future that will more than beat the current rate of return of bonds or CDs, just as it has for the past 5 or 10 years. I think people should look at it as an alternative for some of their current savings type accounts.

Q: I feel like we’ve passed a tremendous milestone in the silver debate. The main theme you introduced years ago has had a complete airing. However, that takes us to the next part of your equation, which is your prediction of a dramatic price rise. Ever worry you could have miscalculated?

A: Sure I do. But the amazing thing is that, while I’ve always worried about being wrong, the more I study the situation, the more I am convinced that the price explosion is still ahead. It’s kind of weird, even though the price has moved dramatically higher over the past 10 years; the bullish case is more compelling than ever.

Q; All along the way you have exhibited great caution and care about the facts you’ve presented. For me that’s given you great credibility. It also gives me a lot of confidence in your forecasting. I know you don’t like to be put on the spot but where could silver go eventually?

A: The reason I’m always hesitant to mention specific prices is because I don’t know and I don’t like to write things that I’m unsure of. In the case of extreme future prices for silver, however, considering the dynamics of what could happen to prices in a shortage and short-covering panic, my hesitance is in picking too low of a price.

Q: Won’t higher prices cause silver substitutes to be used?

A: Sure, but that will take time to unfold. In a panic to the upside, there will be scant relief due to substitution in the short term.

Q: What if the big short has been covering its short position over the past weeks and months. Could they get this done without driving up the price?

A: To a certain extent, but please remember the price has already gone up and they have a lot more covering to do.

Q: Tell us again what happens if they stop shorting in the future?

A: The biggest price controlling mechanism will have stopped and we’re in a whole new era.

Q: Would you say we’re off to the races with silver now?

A: When we’re truly off to the races, you won’t have to ask me, as it will be obvious. The trick is seeing it just before they shoot the starting gun. That could be now.







Ted Butler

April 8, 2010

http://news.silverseek.com/SilverSeek/1271170061.php
 

Weatherman

In GIM since 2006
Gold Chaser
Site Supporter
Joined
Mar 30, 2010
Messages
2,629
Likes
2,662
#40
Thanks! I learned something I should have known, but I must have slept through much of 2008. :haha: Early in 2008, I posted the chart below in GIM to compare several miners. I excluded Hecla from the comparison precisely because of the risks from its substantial exposure to Venezuela. After seeing your analysis of Hecla's properties, I did more research and found that Hecla sold its Venezuela property in 2008. Although I still like PAAS and SLW best, I will have to look more closely at Hecla too.

Compare PM stocks.jpg