Bull run in silver............ITS ON !!!!!!

[Mega]

http://maxkeiser.com/2011/04/16/huge...lver/#comments

Could we see a run on SLV?

Either way "They" have decied to take silver back to its 16/1 ratio with gold........thus i see MEGA movement in silver.
Mike

[Master Shake]

Re: Bull run in silver............ITS ON !!!!!!

You shouldn't buy silver. Central banks don't own it and it's too bulky and heavy.

[jpatter666]

Re: Bull run in silver............ITS ON !!!!!!

You shouldn't buy silver. Central banks don't own it and it's too bulky and heavy.

I've been holding on to my silver, but am seriously considering taking profits soon. Comrade Kuppy (who has an excellent site for questions and info BTW) and Fleckenstein (who as a director of PAAS would know) seem to be of the opinion that a *bunch* of new silver mines will open soon and crunch the supply.

*That* would be a good time to load.

Most of my silver was bought sub-20s (or even sub 10s) so not worried for now and I may ride this wave a little more, but might be time to lock in some $$.

The problem, as always is what to put that cash into.....

[ocelotl]

Re: Bull run in silver............ITS ON !!!!!!

We have to be constantly checking how the market evolves daily regarding silver price. My target limit price for buying was at 200 MXN per OZT, now that it is in the brink of 500 MXN per OZT, I'm beginning to be a bit nervous about the overall feeling of silver in people I know and that has so far never paying attention to it even when they know, recognize and appreciate the mexican historical silver coinage. Personally I've targeted some people and the day they begin to talk about buying silver, it will be my signal to start selling, not before. Since at the moment gold price seems to be stagnating from my point of view since november, and given that the fundamental reasons do stay out of "traditional" investments such as CD's, stocks and RE keep as they are now, I'm considering passing the proceedings of such future sale to gold coinage.

[karim0028]

Re: Bull run in silver............ITS ON !!!!!!

Silver is going to touch 50/oz before going higher... You might want to wait to take profit at 50/oz if you are un-leveraged... It could/may correct but it will eventually be gunning for the old 1980 high and then may have a significant correction.. Same way gold did at 850 and then @ 1000.00....

[jpetr48]

Re: Bull run in silver............ITS ON !!!!!!

I agree that $142 is silver target- probably by 2013. What I am learning is that these corrections are shallow and fast. Once we hit 50, I was expecting 34-38 but now I am not sure. Moving away from dollar + geopolitical event + stagflation will make supply demand arguments for silver minor.

[GRG55]

Re: Bull run in silver............ITS ON !!!!!!

...The problem, as always is what to put that cash into.....

Property in Vancouver of course...