SILVER v USD

[peat]

I'm figuring $28 NZD /oz now. only a month ago it was $NZ21.

it's funny watching 'silver trader' throw all his coins over the floor as hes talking about holding "real" money. @5:44 in this vid

http://www.youtube.com/watch?v=LhwdoCMX4qA

XAG/USD has been sticking within its daily trend channel all the last month and has been overbought on the RSI all of Feb but only now is beginning to show signs of divergence, if I was a short/med term trader I might be lightening the load anytime now, but I'm not so will just see what happens.

[trader10]

Commodity Production Reserves Resource Base Reserves Resource Base
(. . . . . . . . . . . .Metric Tons. . . . . . . . . . . .) (… Years Remaining…)
Aluminum 30 million unlimited unlimited 100+ 100+
Copper 14 million 470 million 940 million 33+ 67+
Lead 2.6 million 67 million 140 million 23 48
Nickel 1.4 million 62 million 140 million 44 100
Zinc 8.5 million 220 million 460 million 26 54
Silver 20,000 270,000 570,000 14 29
Gold 2600 43,000 89,000 17 34
PGM 350 70,000 80,000 200 200+

at current production rates, we will run out of silver before we run out of any other metal. The USGS confirms and validates Friedman’s Theory.

these numbers are 4-5 yrs old have read else where silver will become uneconomic to mine in 24 yrs.

Even if you not so keen on interviews "set up" like this one....you still can filter info out..... here Morgan gives some figures of prod rates - reserves more updated.

http://www.mininginteractive.com/vid...k=camb200901dm

I see consolidation happening now.....normal after a intense run....but I see $16 breakout quite possible around April....... due to the quartely reports....

cheers

[peat]

Silver broke the trendline channel convincingly today. only two days after RSI divergence

[ananda77]

Silver broke the trendline channel convincingly today. only two days after RSI divergence

...silver at US$14.68 very likely topped after sentiment reached 91 - 95 (%) bulls for 9 days;

...breaking below its exponential curve seems providing a likely target of ~*US$8.50 = huge buying opportunity

...any close above 14.68 would confirm further upside

Trading Strategy: have cash will buy

Kind Regards

[peat]

yup - almost a dollar down day which is pretty huge - silvers volatile reputation is well justified.

[ananda77]

yup - almost a dollar down day which is pretty huge - silvers volatile reputation is well justified.

...guess, gold will follow suit with only weak support expected ~*US$900; initial gold after US$*900 = target:US$*680 initially

Trading Strategy: have cash will buy

Kind Regards

[skeet]

Where is the best place to buy silver in New Zealand?? Cant seem to find much online.

[shasta]

Where is the best place to buy silver in New Zealand?? Cant seem to find much online.

Here's a link to try

http://www.nzsilver.com/

I think the Perth Mint is the best bet, might be a delay getting any though

[Crypto Crude]

I wouldnt recommend buying gold and silver for your own personal use...
these mint dealerships have to make it (?), deliver it, they have to make a decent profit, they are middle men (they say they are not)...ie they have to buy it, they always markup....
all in all, your commodity will have to rise 10% for you to breakeven on buy and sell costs... im not totally sure, but my perception is that it is a rather illiquid market as you are dealing with the secondary market....
...
I dont think I can recommend a suitable dealership, if you want the hard stuff in your hot little hand then its all the same I guess, but im sure there are other paths to gain ownership with much less cost....
...
any other opinions?

.^sc

[lakedaemonian]

CEF in Canuckistan