Tuesday, July 10, 2012

Quote of the Week

“Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened.”

Winston Churchill

Brother JohnF - Silver Update 7/9/12 Paper Promises

Jul 9, 2012 by

Obama Now Controls All Communications Via Executive Order

Jul 10, 2012 by

OMG an American that knows that there are countries outside of the USA

Jun 26, 2012 by

he must have watched this ad

Why do so few investors seem to understand the silver story?

From ArabianMoney.net

Original source

It is a mystery story really: why do so few investors seem to understand the case for silver? After all the track record is formidable. Silver prices have risen 10-fold in a decade, out performing gold and pretty much any other investment available to the ordinary investor.

You would need to have been a private equity investor like Mitt Romney to have done better or some kind of hedge fund rocket scientist trading derivatives in a favourable market. Silver is a boring lump of metal and anybody could have owned it. Those who did, and held their nerve during the volatility, are laughing.

Tempus fugit

The diehards who miss ever major investment call through excessive caution would now have it that silver’s game is somehow up. Industrial use will plummet in another global recession producing a panic crash in the silver price.

Well yes we saw that in 2009, except that silver prices rebounded faster than almost anything else and went to record a record high of almost $50 in April 2011. They then corrected by half and have been trading in a narrow range ever since, the classic market correction before another price advance.

So if we have already seen the silver price have a major correction recently why should it do so again if the rest-of-the-world decides to do the same? Or if it does then why should it be anything so dramatic? In short, this time the volatility factor favors investment in silver rather than argues against it.

Some serious investors probably will catch on to this point very soon and indeed the technical data from the futures market suggests those bets are already being placed. The stage for another very powerful upswing in silver is being set.

$50-60 target

Readers of Arabianmoney will recall the predictions in the Old Dubai Gold Souk of $50-60 silver by September (click here). We doubt this will be far wrong and it may be that these prices are reached in advance of a global financial crash of some variety in October that pulls silver down again.

Will silver then correct back to current prices or are these prices a floor in the market that will not be seen again. We wonder. With so much money printing by global central banks, currency instability and the banking system under severe pressure, silver is bound to shine sooner or later.

The latecomers to this investment party will then ask themselves why they did not understand the silver story earlier.

Banking crisis will take a long time to resolve this time warns Fed veteran Paul Volcker

The Ramifications of Collapse

Jul 9, 2012 by TruthNeverTold

An interview with Greg Hunter of USAWatchdog.com and Chris Duane of thegreatesttruthnevertold.com

Silver Manipulation CNBC Fact

Jul 3, 2012 by TruthNeverTold

Capital Account - The Death of Price Signals

Jul 9, 2012 by CapitalAccount

America Banking on Gambling and Booze

Rap News - Higgs Boson Unbound

Yes Virginia, it is turtles all the way down

Jul 9, 2012 by thejuicemedia

http://www.thejuicemedia.com Juice Rap News: Episode 14 - Waiting for the Godot Particle. This civilisation's grand quest for ultimate meaning has taken a giant leap towards its epic conclusion. In the latest prequel to humanity's journey to inner-space, scientists at the CERN laboratory announce that they have unlocked one of the key strands in the origin of Life, The Universe and Everything: 42 years on from its coining, the Higgs Boson particle has possibly been detected at the Large Hadron Collider. So what does it all mean? How does it feel to meet our Massters? Is this the font of all wisdom? Does it anti-matter that Scientists make use of 'ComicSans', the font of all evil? Is anyone conCERNed about the MASS amount of Higgslarious Pun-upmanship Colliding in the twittersphere? Join Robert Foster as he takes a journalistic journey into this particular world, and meets a colourful character, Professor Scott Ridley, a scientist from CERN laboratories. Get your Boson!

Rick and Nigel Rant Off

My two favourite economic and political ranters, Rick Santelli and Nigel Farage discuss the European bailout funds and the future of the Euro.

Bolivia considers nationalising one of the world's largest undeveloped silver deposits

Thank God for godless commies nationalising precious metal mines! Well that is the supply side sorted, just need to fix the paper silver players now.

From Reuters.com

Original source

Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sunday, following violent indigenous protests against the mining project.

Leftist Morales, who last month took control of global commodities giant Glencore's tin and zinc mine in the Andean country, said he hadn't taken a final decision on whether to revoke the Canadian miner's concession.

"Nationalization is our obligation, I already raised the issue of nationalizing (the Malku Khota project) last year, and I told (local residents) to reach an agreement, because when they want we're going to nationalize," Morales told a farmers' gathering.

Exploration work, in which South American Silver plans to invest some $50 million, is expected to end within three years. The company describes it as "one of the world's largest undeveloped silver, indium and gallium deposits."

Ned Naylor-Leyland - Gold and Silver are Manipulated like LIBOR

My favourite analyst Ned Naylor-Leyland of Cheviot Asset Management manages to get invited into a den of paper bugs then throws in a golden hand grenade of Antioch. Look for the stunned expressions when Ned says Gold and Silver have most likely been manipulated like LIBOR. Highly recommended viewing.