Silver

The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute….

There’s a lot of rumor, buzz, innuendo, chitchat and scuttlebutt about the precious metals markets these days…..

If you haven’t taken our repeated advice to buy silver, the market just gave you an extraordinary reason to take action… right now….

In latter August I penned a forecast for my subscribers to TMTF….

The Commitment of Traders report (COT) comes out every Friday. The data is as of Tuesday so there is a lag. The COT data provides important data about the construct of the market. It tells important information such as who is holding long positions (commercials or speculators) and the total open interest. The commercials are … Continue reading

There is no other way to describe silver’s price movement of the past 13 weeks other than to call it parabolic…..

Or at least that short… Rah rah sis boom ba PM’s!! Source: Silver CoT excellent… and I am getting out of dodge…

Is Max Keiser’s attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales … Continue reading

C’mon baby, torture those momos…

Housing – Zillow was out with a report today in which – well, I’ll let the headline from the Housing Wire speak for itself: Home price depreciation to worsen market into 2011 Zillow’s catalyst for this is higher foreclosure liquidations based on current delinquencies and the high degree negative equity embedded across home ownership. They forecast a … Continue reading

…both ways.  Silver around 25 and SLV around 24 would be my personal tolerance levels.  Below there and I may want to cry for mama.  Until then, I am a big boy. Source: SLV leading overbought PMs

Silver has obviously had a very strong run. After breaking out past $19.50/oz, Silver has run all the way to nearly $27 with gains in eight of the past nine weeks. How much further can Silver run? We see some confluence of targets at $32. Note that back in 1980 there was barely any trading … Continue reading