Silver/SLV

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Check out the excellent channel.

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p51972347693

Wanna play? :nuts:

[Spaf]

OK!
You take [SLV]. I'll take [$GOLD]!
How many shares?
Need to wait till they get oversold. RE--> Slow Sto.
Spaf

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I already bought the SLV right after the Slow broke 20. Also try GLD for gold, a good friend of mine at work saw a report where GLD will go to $750 in a very few months.

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Up another 1% today. Spot silver 24 hour chart (http://www.kitco.com/charts/livesilver.html).

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Still holding.

Why Silver And Not Gold? (http://kevinsmarketblog.blogspot.com/2007/06/another-look-at-silver.html)


http://bp1.blogger.com/_N9xrCjjHNRw/RmHq6Fa28OI/AAAAAAAABrU/Tgw6DANqwpc/s400/silverssss.png (http://bp1.blogger.com/_N9xrCjjHNRw/RmHq6Fa28OI/AAAAAAAABrU/Tgw6DANqwpc/s1600-h/silverssss.png)

As you know I've been long silver as of Tuesday and you can read about the reasons why I am bullish by clicking here (http://kevinsmarketblog.blogspot.com/2007/05/silver-forming-bottom.html).

Since Tuesday silver has rallied sharply and I am still holding onto my long position.

I've received a few emails asking why I seem to be more bullish on silver than on gold. Well first of all let me say that I think both gold and silver will rally but I think silver will be the metal that rallies the most.

If you look at the above chart you will see a 4 year weekly chart of the silver/gold ratio. A rising ratio line means silver is outperforming gold while a falling ratio line means silver is under performing gold.

In the lower pane is the stochastic oscillator. Every time this oscillator has moved below the buy line and turned up, silver has outperformed gold. This indicator has been 100% correct over the last 4 years on it's buy signals which I think is amazing.

Right now the stochastic oscillator has crossed upwards confirming yet another buy signal. So as you can see, the above chart is the reason why I am more bullish on silver than on gold. I'm looking for this ratio to make new highs. I hope this clears things up..We'll see in the weeks to come if this analysis is indeed correct.

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Down 5% on the old silver. Getting bored with it now, but I will continue to hold it because I'm addicted to silver and have a very, very small position.

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I forgot to post that I sold the SLV for a 3% lose. No big deal, there are just better places to go with that money. Silver and Gold have not been gain even thou the dollar has weakened. That perplexes me some what or I just jumped ship to early.

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Well aint that a fine how do ya do! SLV up 2.3%!

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There is a lot more to this article but it is huge.

SPENDING LIKE A DRUNKEN SAILOR
by Howard Ruff


Also, remember that most of the easy shallow silver has been mined over
the centuries, even with primitive methods, and the silver deposits are
still being depleted. For example, during the Roman millennium, silver
coins were used for currency, so the Romans, after they conquered
Spain, expropriated the large Spanish silver mines so they could use
the silver for their own coins. They soon depleted the shallow mines,
so they began to counterfeit their own currency, mixing silver with
base metals, making the coins thinner, or clipping the corners.

As the mines were further depleted, it got worse and worse until the
citizens began to distrust the currency, demanding more and more of it
in exchange for their goods and services, causing a great inflation.
Soon, the far-flung Roman Legions refused to accept the less-and-less
valuable coins at face value for their pay, and began deserting in
droves. This inflation was one of the root causes of the fall of the
Roman Empire-all because they counterfeited the currency.

Now, silver industrial applications have soared into the thousands, and
there are few satisfactory substitutes in sight. New silver mines are
getting harder and more expensive to find, and supply is falling
farther and farther short of demand. One expert claims that the deeper
you go into the ground, the less silver there is.

Both metals are far rarer than most people know. All the gold ever
mined since the dawn of history, including that in central banks, gold
fillings and sunken shipwrecks in the Caribbean, would cover a football
field about four feet deep. And, demand is now leaping past new
supplies.

China and India are enjoying a historic burst of capitalist prosperity,
and their booming new middle class is enthusiastically buying gold and
silver jewellery, creating soaring new demand! Silver use is incredible
and rising! The thousands of irreplaceable silver industrial uses,
partially accounts for the shrinking inventory. Government silver
warehouses are now all empty, and COMEX futures positions, much of
which must be covered eventually by deliveries or purchases, are
estimated to be equal to or greater than all new production!

Silver is the poor man's gold. Think of gold as large denomination
money, and silver as small change. A one-ounce gold coin now costs only
about US$650, and you can buy a roll of pre-1965, 90 percent-silver
dimes for close to US$50 a roll. Partly because it is so much cheaper
that the potential buying pool is much larger, and industrial use is so
much greater, silver will be more profitable than gold by at least 100
percent!

And there's more to come.

Regards,

Howard Ruff
for The Daily Reckoning

Editor's Note: Howard Ruff has been the Editor and Publisher of the
award-winning financial newsletter, The Ruff Times, for 32 years, and
wrote the biggest selling financial book in history in the '70s (2.6
million copies) which was a major factor in helping to create the great
gold and silver bull market of the '70s. You can get a copy of his
latest book, Ruff's Little Book of Big Fortunes in Gold and Silver on
his website at:

http://draustralia.c.topica.com/maag8nyabz0a9bJhMSdbafpTkF/ (http://draustralia.c.topica.com/maag8nyabz0a9bJhMSdbafpTkF/)

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http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p64165249185

SLV is at a major convergence of support.

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Silver is getting pounded OS and I don't know why. I hope it is the flush before the rally.

http://www.kitco.com/charts/livesilver.html

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http://news.silverseek.com/CliveMaund/1218388332.php

[Davehop21]

Looks like an opportunity to get some SLV. I just wonder where the bottom is? 13.20 after hours. Might be a chance to see under 13 during the day today. Any thoughts?
Thanks, Dave

[Davehop21]

$12.74 now. What is going on? Brief research says that the ratio is usually 40 to 1. When it gets this far out of whack we are looking at doom and gllom on the DOW to the tune of below 10K.

Regards, Dave

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Looks like an opportunity to get some SLV. I just wonder where the bottom is? 13.20 after hours. Might be a chance to see under 13 during the day today. Any thoughts?
Thanks, Dave

$12.74 now. What is going on? Brief research says that the ratio is usually 40 to 1. When it gets this far out of whack we are looking at doom and gllom on the DOW to the tune of below 10K.

Regards, Dave

I don't know what is going on but this video from Don Harold is eye opening. Physical metal is drying up and the market is being flooded with paper. I know that I have been hording and so have my friends. Come on $35 a ounce!:nuts:

08wVQ_3aiRo&feature=user

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From one of my physical sources.


Dear Investor,
The US Mint has again announced production delays and rationing for silver American Eagles. We will continue to ship silver Eagles from our stock when they arrive from the US Mint, but in order to expedite delivery will need to ship dates of our choice (unless 2008 coins were specifically requested). In some cases, orders placed after August 1 may experience significant delays, but you can be confident that all trades locked in will be shipped expeditiously as we receive supply of product from the US Mint. For those of you who wish to ensure a place in the queue, we will continue to lock in trades at our low premiums over spot.

http://bullion.nwtmint.com/

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From another site.


First - The Bad News.

We just received word, the US Mint has suspended sales of the 1 oz Gold American Eagles until further notice and are not accepting new orders from precious metals dealers. This is in addition to the shortage of 1 oz Silver American Eagles.

This comes at a time when many investors around the nation are scrambling to locate silver bullion and US gold coins while prices are attractively low. These low prices seem to be one of the driving factors in this recent shortage, as investor demand has dramatically increased.

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All of my normal silver suppliers have suspended sales of ALL bullion including generic rounds and bars. ALL PHYSICAL BULLION SALES SUSPENDED. This is very, very, very unusual.

eBay is the only place to find it and they are very high right now, I guess because all of the normal suppliers have dried up.

[JTH]

I wonder if someone is buying it all up from the main suppliers?

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At first you would think so, but NWTM is the supplier. They own the mines and can not keep up with demand.


IMO, people have been buying the heck out of physical silver for over 5 years and the market is drying up. The ETF SLV must have, by law, enough physical silver bullion to cover its ETF.

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June 6, 2008

MEMORANDUM TO ALL AMERICAN EAGLE AUTHORIZED PURCHASERS

FROM: Cathy Laperle
Team Lead, Bullion Program
United States Mint

SUBJECT: American Eagle Silver Bullion Coin Update


The United States Mint has been informed by its silver blank vendors
that the volume of blanks they will be shipping to us in the coming
weeks will be significantly reduced. Specifically, the quantities they
will ship to us during the week of June 9 are expected to be less than
half the quantities they shipped to us during the week of June 2. Our
vendors, however, expect to be able to make incremental increases in
supplies each week thereafter. In the mean time, the significant
reduction in the number of blanks they supply to us will, of course,
directly affect the quantity of coins we can make available for
allocation to our Authorized Purchasers. Accordingly, the United States
Mint will continue allocating American Eagle Silver Bullion Coins per
the process initiated on April 21, 2008.

As you know, in the first six months of 2008 production, the United
States Mint produced more American Eagle Silver Bullion Coins (10.07
million) than we did during the entire 12-month period of 2007 (9.03
million). The United States Mint stands ready to continue this high
level of production as additional blanks become available from our
suppliers.

The United States Mint is making every effort to increase its
acquisition of silver bullion blanks that meet the specifications and
requirements of the law. In our efforts to meet unprecedented demand,
the United States Mint is again preparing a request for proposals (RFP)
for additional silver blank suppliers. Additionally, we are not using
incoming supplies of silver blanks to produce numismatic versions of
these coins (American Eagle Silver Proof and Uncirculated Coins); all
incoming inventory is being used solely for silver bullion coins during
this reduced supply period.

Thank you for your patience and your continued support of the United
States Mint American Eagle Silver Bullion Coin Program.


http://www.davidicke.com/forum/showthread.php?p=380978

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http://news.silverseek.com/SilverSeek/1216387369.php

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Silver has Run Out, Now!

By: Jason Hommel, Silver Stock Report


-- Posted 20 August, 2008 | Digg This Articlehttp://www.silverseek.com/images/diggit.PNG (http://digg.com/submit?phase=2&url=news.silverseek.com/GoldIsMoney/1219250737.php&title=Silver has Run Out, Now!&bodytext=(Just try to find some!)Silver Stock Report For a long time, people have been asking me,) | Discuss This Article - Comments: 3 (http://forums.silverseek.com/showthread.php?threadid=1451)


(Just try to find some!)

Silver Stock Report

For a long time, people have been asking me, "When will silver run out?". They know that the world uses up more silver each year (about 850 million ounces) than the world mines (about 600 million ounces), and that existing demand can only be met by selling existing inventory (such as recycling 200 million ounces, or goverments selling 50 million ounces), so it's a natural question to ask. The question is not implying that mankind will be unable to mine any more. Rumor is that there remains at least about 14-16 years of silver in the ground at "current" prices; while at much higher prices, silver mining becomes more economic, and more deposits can be added to that "in ground" reserve number.

So, the question is really just asking, "When will we run out of "excess" above ground silver that can meet the supply/demand gap, so that the price will begin to really take off upwards?" Clearly, the world has silver in supplies above ground, and such silver supplies are dwindling in order to meet the supply/demand gap. About two years ago, the world started adding to above ground silver supplies as silver investors started buying, (and the silver surveys label investor buying as a "surplus". However, silver recycling was still greater than new stockpiling, which continued to deplete overall silver supplies.



http://news.silverseek.com/GoldIsMoney/1219250737.php (http://news.silverseek.com/GoldIsMoney/1219250737.php)

[JTH]

Gee, as if Ebay's prices aren't high enough?

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Sounds like supply has dried up so bad that the US Mint can not even get any.

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Reuters
Mint suspends red-hot Eagle gold coins
Thursday August 21, 4:46 pm ET
By Frank Tang

NEW YORK (Reuters) - A shortage of American Eagle bullion coins due to soaring demand following a recent sharp retreat in gold prices has forced the U.S. Mint to temporarily suspend sales of the popular coins.
"Due to the unprecedented demand for American Eagle gold one-ounce bullion coins, our inventories have been depleted. We are therefore temporarily suspending all sales of these coins," the U.S. Mint told authorized coin dealers in a memorandum dated on Friday.
Michael White, a U.S. Mint spokesman, said that only the one-ounce 22-karat American Eagle coins are sold out, but the half-ounce, quarter-ounce, and 1-10th ounce coins as well as the less popular 24-karat American Buffalo coins are still available.
"We are working diligently to build up our inventory and hope to resume sales shortly," the Mint said.
Coin dealers from the United States to Canada reported a surge in buying of bullion coins and other gold products since prices plummeted from highs last month. The buying spree contributed to supply fears and helped boost gold prices sharply on Thursday.
Rand LeShay, senior vice president of Los Angeles-based A-Mark Precious Metals, an authorized purchaser for the U.S. Mint, said that there was a big spike in demand for gold and silver coins and ingots after a recent price tumble.
He said that A-Mark currently has no one-ounce American Eagle gold coins for its customers.
"Until the U.S. Mint can supply us with more coins, we won't be able to supply any to our customers," LeShay said.
The move by the U.S. Mint to halt sales caught market participants by surprise as it came at a time when the metal was sharply falling, rather than rising.
In contrast, the Mint needed to allocate its Silver Eagle coins to dealers due to overwhelming demand as the price of silver soared earlier this year.
Produced from gold mined in the United States, the American Eagles have been novel items among collectors and investors since their introduction in 1986. Each coin has a face value of $50 but it is sold by authorized dealers at a premium to the price of gold.
COIN DEMAND SPIKES
Blanchard and Co., one of the largest U.S. retail dealers of rare coins and precious metals, said the American Eagle and American Buffalo one-ounce gold coins are sold out.
"Nobody has the Eagles or the Buffaloes right now. We bought 2,000 ounces late last week, and those were the last 2,000 ounces that we can find in the marketplace," said David Beahm, vice president of New Orleans-based Blanchard.
"If we don't have them, nobody has them," Beahm said. He added that he has been recommending customers to buy the one-ounce Canadian Gold Maple Leaf gold coin instead.
Jon Nadler, senior analyst at top Canadian dealer Kitco, said that the shortage of the Eagle coins could be due to a combination of high demand and a temporary lack of supply in coin blank, which is a flat metal disk used to mint coins.
On Thursday, spot gold surged as much as 3 percent to $839 an ounce, while U.S. gold futures for December delivery scaled a one-week high at $845 an ounce. Gold hit a five-month peak of $987.75 on July 15, and it set an all-time record of $1,030.80 on March 17.
In hindsight, A-Mark's LeShay said that neither the U.S. Mint nor the coin dealers could anticipate the coin shortage.
"This kind of spike in demand is something no one can foresee, and no business runs itself waiting for this to happen," LeShay said.
(Additional reporting by Jasmin Melvin and David Lawder in Washington; editing by Jim Marshall)

[tsptalk]

Nice rally today in SLV. Good call!

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Still holding, there is another big gap to fill.

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All of my normal silver suppliers have suspended sales of ALL bullion including generic rounds and bars. ALL PHYSICAL BULLION SALES SUSPENDED. This is very, very, very unusual.

eBay is the only place to find it and they are very high right now, I guess because all of the normal suppliers have dried up.
It's those damn Hunt brothers again. :)

Remember this?... http://www.buyandhold.com/bh/en/educ...hunt_bros.html (http://www.buyandhold.com/bh/en/education/history/2000/hunt_bros.html)

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One story I read speculated that some of the supply dry up was due to the SLV ETF, but many other articles and the US Mint claim personal ownership of mint coins as the cause.

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Also, a few years ago I read about Warren Buffet and Bill Gates both having large positions in physical silver. That is what got me interested, that and the coins that were stored under the Twin Tower when 911 happened.

[JTH]

One story I read speculated that some of the supply dry up was due to the SLV ETF, but many other articles and the US Mint claim personal ownership of mint coins as the cause.

I'm trying to make sence of this?

If there is a perceved shortage of silver, then why is SLV falling down to new lows? It's almost at it's low of Sep 07?
I understand how the dollar can be beating it down, but still if there is a supply/demand issue shouldn't this take priority over the strength of the dollar?

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I'm trying to make sence of this?

If there is a perceved shortage of silver, then why is SLV falling down to new lows? It's almost at it's low of Sep 07?
I understand how the dollar can be beating it down, but still if there is a supply/demand issue shouldn't this take priority over the strength of the dollar?

I wish I understood this one too. Bad thing is the writing was on the wall as Oscar pointed out. I should have listened, but I have a serous addiction to silver. Also, silver never reached the expected highs of many silver traders.