BrotherJohnF is back with another Silver Update: Fundamentals
7 comments:
Anonymous
said...
oh, not again, bj who told people to load up silver when it was hitting new highs @49 last year. what a joke, what kind of idiot would listen to a loser like him?
if you check only one part of this video, review the sources and uses of silver. Note that in 9 years there was a 20% increase in use of silver, despite the large drop in photography. Investor use is up substantially. I expect when the European debt crisis hits the US ( See Ben print, print print) the overall global economy will continue to support silver prices and use, particularly given the enormous increase in China and India silver absorption for investment and electronics. This price supporting mechnism may buffer a price drop due to the financial crisis that is coming our way that will force some weak hands to divest themselves of any commodity, including PMs, in order to get liquid and cover margin calls and lack of capital. Large TBTF banks and central banks may be forced to liquidate their holdings, giving investors a short term opportunity to buy up available supplies. This will be a small window, as it was in 2008. Inflation should also rotate the investing public's focus from stocks and bonds, hurt by currency printing and economic damage, to physical metals. This exacerbates the silver shortage that is evident in the charts enclosed in this video. Note that stackers are impacting the silver supply with nearly a 300% increase in purchases over the last 10 years. In other words, we are killing the cartel with kindness; kindness to our portfolios while damaging the paper market at 100 to 1.
At the risk of sounding redundant: Please don't base your investment strategy on short term technicals. The algos and psychos who control the daily price fixing still have the upper hand. This has resulted in many little guys getting their lunch fed to them over and over until they lost everything. That is the intended strategy of the bullion banks and their minions. Suck us dry by playing their game. BTFD in phys only and hold tight is the only strategy that will save your butts. We will ultimately win if we keep this mantra stuck to our monitors at all times.
there is one thing that can be said that's true. If you buy physical precious metals they will always be worth something. No matter what the bigs and papers traders do, they cannot create a wealth vacuum that will force us to lose everything--unless we let them. we are not paper traders. we hold phyzz long and strong. BTFD dips, amen to that.
Why would you srade real money for FRNs? At least wait for the correction/Armageddon of USD in current state to occur before trading in your phyzz. Just my 2 cents (pre 1983 pennies).
7 comments:
oh, not again, bj who told people to load up silver when it was hitting new highs @49 last year. what a joke, what kind of idiot would listen to a loser like him?
Great update! Thanks for your hard work!
http://silvervigilante.com
if you check only one part of this video, review the sources and uses of silver. Note that in 9 years there was a 20% increase in use of silver, despite the large drop in photography. Investor use is up substantially.
I expect when the European debt crisis hits the US ( See Ben print, print print) the overall global economy will continue to support silver prices and use, particularly given the enormous increase in China and India silver absorption for investment and electronics.
This price supporting mechnism may buffer a price drop due to the financial crisis that is coming our way that will force some weak hands to divest themselves of any commodity, including PMs, in order to get liquid and cover margin calls and lack of capital. Large TBTF banks and central banks may be forced to liquidate their holdings, giving investors a short term opportunity to buy up available supplies. This will be a small window, as it was in 2008.
Inflation should also rotate the investing public's focus from stocks and bonds, hurt by currency printing and economic damage, to physical metals. This exacerbates the silver shortage that is evident in the charts enclosed in this video.
Note that stackers are impacting the silver supply with nearly a 300% increase in purchases over the last 10 years. In other words, we are killing the cartel with kindness; kindness to our portfolios while damaging the paper market at 100 to 1.
At the risk of sounding redundant: Please don't base your investment strategy on short term technicals. The algos and psychos who control the daily price fixing still have the upper hand. This has resulted in many little guys getting their lunch fed to them over and over until they lost everything. That is the intended strategy of the bullion banks and their minions. Suck us dry by playing their game. BTFD in phys only and hold tight is the only strategy that will save your butts. We will ultimately win if we keep this mantra stuck to our monitors at all times.
there is one thing that can be said that's true.
If you buy physical precious metals they will always be worth something.
No matter what the bigs and papers traders do, they cannot create a wealth vacuum that will force us to lose everything--unless we let them.
we are not paper traders. we hold phyzz long and strong.
BTFD dips, amen to that.
I own 600 ounces of pysical silver. I will sell it to you when it hits $100.00
Why would you srade real money for FRNs? At least wait for the correction/Armageddon of USD in current state to occur before trading in your phyzz. Just my 2 cents (pre 1983 pennies).
8 OZ
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