Silver Breaking out Higher

We are now approx. six dollars above the price when this post was started (August 20th)


Approx. 21% gain over the past three weeks.

no doubt many are kicking themselves for not listening. All the morons talking about JPM knocking it down, JPM is FCUKED, they have no dry powder left. This thing is getting explosive thanks to the money printers going into overdrive.

Platinum has really been a big winner too, I see it as a good short term play, as well as silver. Gold too but you won't see the same gains

COOL!

34.97


[link to www.kitco.com]

All summer the bottom held around $27 when my charts showed the bottom was in. I am fortunate to have bought plenty long before this year, but added some to stack more as the economic picture confirms the charts saying silver will be over $50 and close to $100 real soon now.

the charts are screaming buy signals just like Sept 2010 and just like Oct 2008.

Go look what happened after those dates and you will see silver went up 500% since Oct 08 and up 150% after Sept 2010.

The next few weeks and months will be similar.

Jasto
Quoting: Jasto (OP) 22797020

Status Check.....5 weeks


August 20th...........$28.77 ... (Dec Silver)


Sept. 27th (5:30pm)........$34.72 ... (Dec Silver)

Daily chart..........Dec. Silver


[link to www.commoditycharts.com]

This is precisely why i told all my loved ones and pretty much whoever would listen to buy silver all summer long at 27.50

The line in the sand was drawn there.

This dip should be bought HEAVILY....the breakout has already occurred and there's nothing left but a cat and mouse short term game, before it goes wild to the upside, imo.

With JippemMoreAgain, i mean JPMorgan's short position in jeopardy, i expect a dip here, but there are so many people who need the protection of pm's still (avg portfolio avg in retirement funds and personal wealth accts are less than 1% allocated to pm's, or close.) that the buying will produce one heckuva rocket shot up, i firmly believe. I see $50 within 90 days, and $70 to $100 within 12 months, fairly certain. After that, who knows, but several hundred dollars per ounce silver is possible for sure. No one will know its true value until JippemMoreAgain is forced to unwind their short positiion which they have been struggling with since they inherited it and took it over from back when they took over Lehman Bros. when they failed, when this whole financial crisis started. The whole main world's economic system is at risk, money is being overprinted in abundance, banks are failing but not being allowed to fail, then dumped onto taxpayers as bailout banks take even bigger bonuses.

Anyhow, besides being an outrage worthy of protest, unless you own silver coins and or gold coins, financial ruin will be here soon.

Please protect yourself NOW, folks.
Show this chart to anyone who knows how to read technical chart patterns, perform detailed analysis, and they will tell you the same, i assure you. I have been charting and analyzing for 40 years, and this is one of the easiest calls i have made.

I said the same thing in Sept 2010, and i said the same thing before that, in oct 2008.

chart patterns have been running up every two years, with a one year consolidation in between each runup. The author of this thread is correct - the one year consolidation pattern is complete, done with, obvious, and the breakout and upwards has just now begun.

According to my take, this runup will easily get us to $50 an ounce silver....and probably get resistance there, then $70 would be the next reasonable target before any big dips.
After a few battles, short term....$100 silver is in the cards.

Get yourself and your loved ones some security.

:)

Jasto

[link to stockcharts.com]

So darn true... thanks OP
yet i believe people's fate won't be changed by good advices. those who bury their heads in the sand will continue to do so.

Thanks for the update but I got a headache reading all those RED words! LOL

Currently at 34.64 per oz (Dec. Silver)


More than likely will be proceeding higher tomorrow (Wed.)

Thanks Jasto for the information.


David (OP)

Here is also my thread from August 17th of 2010.....also with the same name:


Thread: SILVER BREAKING OUT HIGHER

Just buy one coin, one silver coin, that is all that is needed. Buy your kid a coin, or your mum or dad. Just one coin then tell your mates you bought a coin and that they should buy one too. Hell buy 10 coins and ask your friends if they would like one. if not at least you will have more coins.

Silver is up 27 cents in the last hour.

I just saw 35.00 on silver on the Asian.

Gold up, of course, too.

But oil is 88 and change per bbl. What's up with that? With war looming all over the world, I'd think the price of oil would be insanely high right now.

35.03......Dec Silver

I have also noticed backwardation in the distant contracts.


Dec 2013 Silver........34.90 (yesterday's close)

Dec 2014 Silver.........34.76 (yesterday's close)

Cant eat contracts.

Silver had a small range down week last week and will likely proceed higher beginning next week.


Today: Sunday 11/18/12


Current Price: $ 32.31 per oz.


Four Year Weekly Graph for SLV:


[link to bigcharts.marketwatch.com]



SLV runs approx. one dollar below the actual Silver price.





Have a nice week.

Dec Silver.........$ 32.61

Dec. Silver.......currently... $ 33.16



[link to www.cmegroup.com]

SLV six month daily chart.


Monday: 1245pm CST


[link to bigcharts.marketwatch.com]

Dec Silver.....currently.... $33.37


Thursday (hol.) 11/22 at 9:20am CST

Dec Silver.......$33.85


Friday Nov. 23rd at 1030am CST

33.92

34.04