Monday, April 25, 2011

Silver Bull-Market: Silver Reaches 30-Year High On April, 25 2011

Today, silver reached a high of $49.85 USD! This was a short, yet exciting fluctuation as it also reached a low of $45.66. What is believe to have happened  goes a little like this; Once the price of the shiny metal shot past $49, there was a massive sell-off or profit taking with the holders of the SLV paper shares.  Now that the price has dropped, those who have sold earlier today at $49 are increasing their positions with newly bought shares at the $45 -$46.00 mark. The American Precious Metals Exchange (APMEX) is  also advertising to metal investors, that they are seeking to buy back their silver and gold! The precious metals company is offering $38.00 over spot for gold and $3.00 over spot for silver of ANY quantity.  American Precious Metals Exchange has to buy silver and gold to fulfill orders!  Hold onto your ounces physical silver and gold! I wouldn't be so quick to dump just yet.  Paper SLV and GLD holders are another story. The only plausible advantage  paper contract holders have is the advantage of dumping (selling their shares) at daily highs and increasing their holdings (purchasing more) during daily lows within a short time frame. This is what I call, "playing the stock market."

Happy investing!

Monday, April 18, 2011

Small Changes; Big Prices.

The last time I wrote to you all, silver was on it's way to the $36 mark. Today, a month and a half later, it's holding up above $43!!! That is a gain of over 16%! Somebody, ANYBODY, please tell me what investment fund, IRA, 401k, bond or commodity gives a 16%+ return in the span of 45 days? As far as receiving an answer, I'll quote comedian Katt Williams; "Don't worry, I'll Wait. Gold is constantly reaching new highs, world gasoline prices have people on the verge of a boycott and staple commodity prices are steadily on the rise; with an average of 5% increases and up!  There is a feeling of imminent financial doom in the air and I don't see where much is being done on the part of America's financial sector to stop it.  The world is very aware of this with much talk of dropping the U.S. dollar from the world reserve currency, and more action in doing so. Protect yourselves and get out of paper currency before it's too late...

Unless you like the idea of paper being worth $80 per ton.