Silver

…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

If you bring up the subject of gold investments to a “respectable” Ivy League portfolio manager, he will likely scoff at the idea and quickly….

After outperforming pretty much every asset class, most certainly stocks, and even gold, year to date, the “poor man’s gold” may surge even more. The reason: China may cut silver exports by as much as 40%. As Bloomberg reports: “Shipments may decline from about 3,500 metric tons in 2009, said Feng Juncong, chief analyst at … Continue reading

With gold and silver going up in price like they are, I spend a lot of time secluded in the Big Mogambo Bunker (BMB), greedily calculating my profit with each little up-tick in price……

I rarely use candles because I am not a day trader.  I am much more interested in trends and support/resistance.  But if silver proxy SLV closes the day in this state candle gazers might let out a collective rut roh… might they not? Source: http://biiwii.blogspot.com/2010/10/bearish-engulfing-candle-on-slv.html

The “normal” money flow footprint has been smashed as silver pushes to new highs……

Below is a chart of our junior silver index, which contains 10 stocks. Today, Silver closed above $22, slightly above its 2008 high. The cost of Oil is well below where it was when the silver stocks last peaked. Yet, the junior silver stocks are roughly 25% below their highs. In terms of real value, … Continue reading

Read this post at our sister site, The Daily Commodities. It explains that right now Asia is more gaga for Silver than Gold.

Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 and silver is likely to exceed $200 within the next 5 years….