GOLD AND SILVER ARE ABOUT TO CRASH HARD!

Good God you're an idiot..where do you get such garbage? Hide under a rock next week..never post here again

I forgot to mention..deadbeats DON'T HAVE PM's!

The gold-hawkers have been in malls for the last three years buying every scrap off of the commoners.

Most commoners have very little left to sell.

MORAN

as soon as they get it all in the malls ect...then the price go's CRAZY!

Sorry pal, but, it has a little ways to go yet.

Then when it collapses, it ALL comes down! :)

I have just booked marked this.

I will bump it in one week, one month, six months, and a year.

I actually see your logis here. The withdrawal of money from circirlation will highly deflationary. Over an extended period, this could effect all commodities vs the Dollar.

OP, what a tard you are. 99% of the public don't own precious metals, at least in the US. Then ya gotta factor in that China and India are buying silver like crazy, buying on dips, buying on rallies like today. Metals prices are going to the moon, both the fundamental as well as technical aspects point to this overwhelming fact. I know it's fun to make a statement like the one in your title, on the off-chance that you might be right and can tell all 12 of your friends that you called the top, but you don't even believe it yourself. All of which makes you, well, a tard.

The only problem with your theory is that all the fiat currencies are also unattractive as investments. Currently, gold and silver (and to some extend oil) are the only "safe-haven" investments currently.

I don't see it happening, but if it does drop I'm gettin in.

JP Morgan Is that You?

amazing.. how anyone could be so naive ....

I see a correction from this:

Gold down .43

Silver down. .01

Marc Faber boasted how he was at some investment conference and all these fund managers had five percent or less allocated to gold. He took this as bullish for gold saying no one has enough of it yet.

Meanwhile, according to comments I read here or on zerohedge it seems that many of the 'masses' are all in.

Hmm. Professional fund managers staying away, average working-joe tinfoil hatters and Chinese peasants loading up.

Doesn't take a genius to figure out where this is headed though a blowoff top can still soar pretty high before it crashes.

The OP needs to read this:

Silver Is Getting Too Popular… Right?
By Jeff Clark of Casey Research, editor, BIG GOLD
Thursday, April 7, 2011
It's no secret that the silver market is red hot.

As I write, silver American Eagles and Canadian Maple Leafs are sold out at their respective mints. Buying in India has gone through the roof, especially noteworthy among a people with a strong historical preference for gold. Demand in China continues unabated. Silver stocks have screamed upward.

So, as an investor looking to maximize my profit, I have a natural question: Is the silver trade getting too crowded, meaning we're near the top? Have the masses finally joined the party such that we should consider exiting? After all, it's not a profit until you take it, and you definitely want to sell near the top.

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There are several ways to measure how crowded the silver market might be. I prefer to look strictly at the big picture and not get caught up in the weeds. This means I'm looking for signs of market exhaustion or the masses rushing in. Nothing says "peak" more than an investment everyone is buying.

So how crowded are silver investments right now? Let's first look at the ETFs.


At $35 silver, all exchange-traded funds backed by the metal amount to $20.7 billion. You can see how this compares to some popular stocks.

All silver ETFs combined are less than a quarter of the market cap of McDonald's. They're about 10% of GE, a company that still hasn't recovered from the '08 meltdown. ExxonMobil is more than 20 times bigger. And this isn't even apples-to-apples, as I'm comparing the entire silver ETF market to a few individual stocks.

This is even more interesting when you consider it's the ETFs where most of the public – especially those who are new to the market – first invest in silver. So while the metal has doubled in the past seven months, total investment in the funds is still far beneath many popular blue-chip stocks.

Okay, maybe all this money is instead going into silver mining stocks. How does the market cap of the silver industry compare to other industries?


While you fetch your magnifying glass, I'll tell you that the market cap of the silver industry is $73.1 billion. It barely registers when compared to a number of other industries I picked mostly at random.

The dying newspaper industry is over 26 times bigger. Drug manufacturers are 213 times larger. Heck, even the gold market is 19 times greater. And here's the fun one: The market cap of the entire silver industry, with all its record-setting prices and stock-screaming highs, represents just one-third of one percent of the oil and gas industry.

To be fair, there are a number of sectors that are smaller than silver. Radio broadcasters ($43.2 billion), video stores ($10.9 billion), and sporting goods stores ($2.5 billion) have puny market caps, too. But then again, who's buying DVDs or baseball mitts to protect their wealth from a coming inflation?

Silver hardly resembles the picture of an investment that is too crowded.

I'm not saying one should rush to buy silver right now. After all, it has doubled in seven months. Unless this is the beginning of the mania, prudence would certainly be called for at this juncture. The price will always ebb and flow in a bull market, and an ebb is overdue.

The question, of course, is from what price level it occurs. What if a correction doesn't ensue until, say, a month from now, and the price falls back to… where it is now? I remember some articles in January that insisted silver would fall to as low as $22, and, well, they're still waiting and have in the meantime missed out on some huge gains. For silver to fall back to $22 now would require a 40% drop; not impossible, but I wouldn't hold my breath.

Fixating on market timing takes your focus off the ultimate goal. In my opinion, instead of worrying about what will happen next week or even next month, focus on how many ounces you have, and then buy at regular intervals until you reach your desired allocation. This has the added benefit of smoothing out your cost basis. And don't forget to buy more as your assets and income increase.

This is a market where you'll want to be well ahead of the pack. Someday in the not-too-distant future, average investors will be tripping over themselves to join in. That will make the market caps of silver investments look more like some of the others in the charts above.

Good investing,

Jeff Clark
Casey Research

Editor's note: Casey Research's Jeff Clark is the editor of BIG GOLD, a monthly advisory on gold, silver, and large-cap precious metals stocks. He just released his annual Silver Buying Guide, which covers everything you need to profit from silver, whether novice or veteran. To learn more, click here.
Further Reading:

"People ask me which currency to hold their gold or silver in." Chris Weber says. But "this is not the right question." Here, Chris shares a radical way to view your gold and silver holdings.

"In short," Sean Goldsmith tells us, "the world is out of silver." Well, almost. More and more investors are realizing the value of silver as a currency. And supply is shrinking. Read more here: The Most Compelling Argument for Owning Silver I've Ever Heard.
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THE BIGGEST NEWS IN THE MARKET THIS WEEK

The biggest news in the market this week: Gold has broken "out of the box."

Longtime readers know we've been steady and unrelenting bulls on the ultimate "anti-paper" form of money, gold, for over eight years (since even before we published our "$500 Gold is a Bargain" essay in 2005).

We don't do complicated analysis on gold. We don't need to. We know gold is rising because people and their elected representatives have racked up massive government obligations that can't possibly be paid back with sound, honest money. The only way out of these obligations is to pay them back with debased paper currency. The winner in the whole wretched system is "real money," gold.

Late last year, gold confirmed our thesis again with a big move from $1,200 per ounce to $1,400. It then "took a breather" and traded in a sideways pattern for five months. Some traders refer to a pattern like this as a "box." As you can see from today's chart, gold just broke out of its box to hit an all-time high. The trend of sound, honest money rising against IOUs issued by bankrupt governments continues…(a chart which I can't post).

You either purchase PMs or keep the paper money and watch on the sideline.

Gold cannot "collapse" because it is a constant worldwide. If anyone ever wants to make a purchase and the currencies have disappeared people WILL accept gold in exchange for goods.

You cannot barter for everything.

Gold has never gone UP or DOWN...only the currencies it's based upon.

Nah, bondholders are just gunning for higher interest rates now. We'll see what the real safe haven is over this coming year.

NOT

The USD is in a serious situation thus many have went to physical commodities. Here we see there will be no collapse in commodities until there is a change in the dollar.

However, this is not the case with all commodities. For instance oli remains manipulated with claims of peak oil. Likewise gold has always been a manipulated currency.

Those escaping the fiat paper dollar for safety in gold could find a tragic devaluation as bankers possess tons of gold. The bankers don't even have to physically ship the gold today with paper etf.

Silver on the otherhand is in short supply. As investors worldwide buy into silver the price inflates and there have been reports of shortages. Large investors can now see the large gains made in silver compared to all other commodities dollar per dollar % gain made in silver remain the highest with no end in sight.

AS USD goes the way of Zimbabwe siver soars.

Wrong, everything fluctuates in value because of manipulation by TPTB.

You think gold will fall this year? Just wondering.

When to sell?

After the dollar is replaced as the global currency many will begin to sell commodities. There could be just a short window to sell.

But the biggest shockwave coming to the price of commodities is after the real estate bubble bottoms, after the stock market crashes, but before the fiat dollar is fixed/replaced. Gold will be hit hard by the bankers as the middle class in that sector get raped, how low the price will go i do not claim to know. Maybe $250 where it will stay for years.

The new global currency will be another fiat digital.

After the gold earthquake silver will also drop as many sell everything with FEAR of commodities. But silver will remain rather high compared to all the rest of financial instruments.

Real estate and stocks crash
Gold takes a hard hit
Silver drops as many selloff everything
Silver remains high as others buy in for safety
The new currency is created and selloff of silver begins.

Silver could also take a hit if the economy slows due to depression hit on manufacturing.

+100000
In a nutshell! Perfect!

Don't even no how to respond to this one OP...

Gold at $250 is incredibly laughable.

Please stop.

Not exactly true. During the US 1930s depression the dollar was gold backed. It was gold manipulation that caused the problems not fiat printing.

The bankers have caused many depressions by manipulating gold. It's the original banking system they manipluate. And they are going to do it again.

After the real estate bubble bottoms (real soon) and after the stock market crash (with hyperiflated USD) then the bankers will turn on the gold market to get the middle class who seek safety there.

The banker's target is the middle class. If they can get silver they will, but it looks much safer than gold. Possilby bullet proof.

^ This ^

I am willing to buy all of OP's gold and silver at today's spot + actual shipping.

All. Of. It.