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NOW Is The Time To Buy Silver!
Published : May 30th, 2012
287 words - Reading time : 0 - 1 minutes
( 9 votes, 4.6/5 ) , 2 commentaries Print article
 
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It has been 13 months since May 1st Silver drive-by shooting of the silver market. 13 months of aggressive price suppression, well timed margin increases, naked short selling and price propaganda. 13 months of of people struggling with their decision to buy physical silver. 13 months of a battle between the Wall Street paper traders and the physical stackers. This is a struggle that can only end in this titanic fraud imploding and the fractional reserve, debt based, monetary system and all of the unsustainable control systems in the ash heap of history.

NOW is the time to buy silver. When all of the froth is out of the market and this is where the smart money sees the truly under appreciated asset and keeps accumulating. The utter complacency in the silver market today is astounding, where as once a new Eric Sprott interview on Zero Hedge would get hundreds of comments in a few hours, now a day will go buy with hardly anything. Silver is on sale right now and the systemic problems are much bigger every moment they kick the can down the road. Things have only gotten exponentially worse in the fiat debt based world that we live in. No longer do we worry about companies like Enron, or hedge funds like LTCM, or even institutions like Bear Stearns taking down the economy, now it is sovereign nations. This systemic failure cannot be absorbed by any larger entity and will result in the complete destruction of this world economy and a final, and very necessary, purge of all of the global debt. The only way to secure your future is by owning things of real tangible value, and nothing shines brighter than silver.

 

 

Thanks to Silver Shield from dont-tread-on.me
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Addenda to last comment As of COT Friday Silver still in consolidation...however: If I was short I would be out NOW for 2 main reasons. 1) it was a strong move 2) its in backwardation A 'good work' hat tip to anyone who bought in near the low. I no lo  Read more
S W. - 6/3/2012 at 5:44 AM GMT
Rating :  2  0
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Addenda to last comment

As of COT Friday Silver still in consolidation...however:

If I was short I would be out NOW for 2 main reasons.
1) it was a strong move
2) its in backwardation

A 'good work' hat tip to anyone who bought in near the low.
I no longer think it is such a risky trade given point 2 above

( long physical silver, physical gold, gold shares and short S&P mini 500)
Rate :   2  0Rating :   2
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A cursory glance at the Silver chart clearly shows a recent consolidation albeit into a very consistent downtrend.

NOW is a very risky time to buy silver.
There is a case to be made that a break north of the consolidation could be a turning point and a possible buy... but beware a break south could see Ag hit 19.00.
If one is short now there is absolutely no reason to exit and go long
I cannot understand why people try to pick tops and bottoms other than that they are having a bet/guess, are inexperienced,or believe that averaging in' works.

WAIT TILL THE MARKET IS GOING UP AND THEN BUY.
ANYONE OLDER THAN 8, CAN LOOK AT A CHART AND TELL YOU IF ITS GOING UP,DOWN OR SIDEWAYS.
Rate :   1  3Rating :   -2
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