Another SILVER smash down. Ha ha ha... it gets smashed down and then it's up even higher a week later.

Jesus is coming soon!!

think ill grab some more Comstock Mining shares..

my butt crack will be brown soon!

eat check out the 1 week chart for Eagle Plains resources..which i stayed in that one.

looks to me I'd short those comstock mining shares to the oblivion of zero which is where all penny crap goes.

Good buying opportunity.

the mining shares probably wont crash with the market this time, yes there is still a risk involved but considering the possibility of what commodities could do, mining shares are a WAY better gamble than the casino..

ontop of that you simply dont know the facts about the company.

its located in the Comstock Lode, which has the largest silver vein in the historic USA. If you develop a silver vein, it is your vein even if it goes into another property.

From 1859-1878, the Comstock Lode yielded about 192 MILLION OZ of Silver. Only 10% of the Comstock has ever been mined, and this company owns roughly 80% of the untouched remaining land. Mining techniques have advanced well since then.

Yes this is simply a horrible investment.

looks like someones angry that silver is down...wonder if u is loosing monies...:(

thanks for the heads up. I'd rather guy AGQ and ZSL and play the silver price directly without the risk and unknowns aside from the unknown silver price.

i stopped using the ETFs

Guys please, this is great! Serious. A 5% smash down = a 10% jump up. Every time silver gets smashed down it goes even higher than before!!

it is awesome Eat. just remember, the sheep wake up when it hits $50..THATS when the show begins.

Buy!! Buy!! Buy!!

Like seriously. I have talked about silver for years to my friends. All of a sudden now they are just STARTING to get interested in it and are starting to buy silver at the $30 price. It seems like the higher it goes the more the average joe wants to buy. Ha ha ha ha. When silver hits $50 there is going to be a RUSH to buy silver!!!

Yeah, Haha. I stopped buying at 12.


Boy, how'd you like to be in the know on these daily swings?

Millions being made daily no doubt!

me too, well since it was around $14 anyway..i was that idiot collecting stamps as a kid..what a waste that was..

but yes the rush hasnt even begun..Bubble? ill show u a bubble and its called DOUBLE BUBBLE!

most people I know don't know that silver exists yet, much less palladium. Huh? is all I get out of these text messaging partying sheeple.

money is the bubble

As soon as silver hits it's all time 1980 high of something like $54 per ounce people will 'wake up' and start buying silver!
Really, at $30 per ounce we are not even close to it's all time high. Gold is way over it's 80's all time high, so silver has lots of room to move to $100 and more!
Ha ha ha.

Totally agree. They are in semi-panic mode now.

They have accepted that there will be a "new normal" for Silver prices. It is a matter of how fast the adjustment takes place is all.

I easily see silver selling for a 10:1 ratio to gold. When gold is at $2,000 per ounce silver will be at $200 per ounce.
Ha ha ha.

The beauty about silver is that it is the common man (physical) vs the bankers (paper silver)

Silver's floor now is $28 and it sure looks to go to $35 very shortly... then it will get hammered down to $30 and then it's off to $40.
2 steps forward, 1 step back.

The beauty of these smash downs is that people that people will now buy more silver because it just dropped 5%. These smash downs are actually quite healthy.

I don't frequently agree with your posts but in this particular case I think you are spot on.

Dupe. Removed.

Last Edited by FloridaCaveDiver on 12/07/2010 06:17 PM

I think silver will start going parabolic once she hits the $40 mark. Then it will be $50 then $60 then $80 then $90.... then a big crash down to $60... then it will move up again.
Once silver hits $40 it will quickly double from that price.
Personally I see silver at $300 some fine day. Yes, $300 per ounce. And most likely more.

your right Eat. its incredible that people arnt waking up yet.. people tell me, wow its went up like 10 dollars.. im like ya,

if you bought 1 oz.

its all about QUANTITY.. buy 100 oz and you make $100 every time it goes up a dollar!

its amazing the people i work with simply dont understand it. i simply tell them how i made more that day at home by simply owning silver than by coming into work!

I don't know if the floor is 28, but I do believe the 15 to 1 or better ratio is coming. Price inelasticity is the main reason... the little amount of silver used in industrial applications has little affect on the overall cost of the item but is absolutely required to be used. There's nothing stopping it from trading at 50 bucks really given it's supply/demand fundamentals.

You guys aren't even talking about the real profit.

With the options on SLV for example, you can take a 5% swing down today and wipe out 80% of your porfolio if you have the options. I am leveraged 4-1 on silver so i take a 20% hit today but when the 10% jump comes, i make 40% profit... that is what the banks do times 10 on a daily basis... they can create out of thin air any synthetic possible, as long as they can get in and out quickly enough without getting caught... it can happen and it did today!... on the flip side they bought all of the losses they induced... wish i had more cash on the sidelines, but you need to be all in if you want to make 1000% on your porfolio a month...