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Hi Ho Silver, Away?

Posted by Peter Grandich at 9:52 PM on Tuesday, March 3rd, 2009


Something may be rotten in Denmark. But on the Comex, it appears to be two big rats.

$2000 Gold? $35 silver?

Silver bulls may feel alone but our day begins now. Charge!

This entry was posted on Tuesday, March 3rd, 2009 at 9:52 pm and is filed under All Posts, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, US Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

12 Responses to “Hi Ho Silver, Away?”

  1. Silverboy says:
    March 3, 2009 at 10:15 pm

    How long can this manipulation go on? These bullion banks have the backing of the Plunge Protection Team, how can they loose? Buying SLV won’t help either. Isn’t JP Morgan the custodian of SLV? This manipulation can go on forever if we don’t get the physical silver out of COMEX. Am I wrong?

  2. Frank says:
    March 3, 2009 at 10:17 pm

    I almost named my son SILVER, but for some reason, my wife didn’t like it. lol I’m serious!!

  3. SGGroup says:
    March 3, 2009 at 10:46 pm

    But what ever happened to the Du Bai Commodity Exchange that was talked about a while back. Any one know anything? Sure hope if they ever put it together they go to the Comex to take delivery of their requirements.

  4. George says:
    March 4, 2009 at 12:29 am

    Hi Peter,

    I saw this clip today on BNN . An interview with Kathy Lien from GFT Forex who appears to have a very bearish view on the Canadian Dollar.
    Please have a look and let us know what you think of her remarks .
    Everybody has an opinion…my head can’t stop spinning.

    http://watch.bnn.ca/#clip145728

  5. michael says:
    March 4, 2009 at 2:10 am

    Hi Peter,

    After the not-so-nice development of Geologix I wonder whether SSRI might be something for a silver-bull, especially since they now own the San Agustin deposit, if I got it right.
    I am sure other readers are interested in this topic too, so it would be great to hear your opinion

  6. Dave says:
    March 4, 2009 at 2:16 am

    Hi ho Vancouver Canucks I mean Silver (too).

  7. George says:
    March 4, 2009 at 4:37 am

    What will it take to stop the manipulation of the precious metals?
    A few thousand screaming investors with pitchforks at the Crimex door?
    I know and accept that markets don’t go straight up (or down – unless it’s gold) and there is profit taking along the way which leads to healthy corrections.
    But the way Gold has been brought down the last few days it just doesn’t look right. Gold ir repeatadly brought sharply lower about the same times every day (and this happens quite often).

    Take a look at this Kitco chart http://www.kitco.com/images/live/gold.gif

    Some days the gold chart shows one day perfectly tracing another day’s patthern tick for tick.
    What free market ever trades this way so frequently?
    You can’t tell me that market regulators don’t see or know about this manipulation. They can’t be all that clueless. And yet they say they’re investigating the silver market and have been doing it for months. What the hell is there to investigate and what’s taking so long? It’s all there in plain black and white for anyone who wants to see!! They even put out the reports that Ted Butler uses to point out the manipulation!!
    So, who’s preventing the manipulation from coming to an end? The US Government??
    If regulators are not allowed to regulate, than why not just fire them and give what would have been their income to AIG, they’re going to need all they can get!!

  8. Agoracom: Small Cap Investment says:
    March 4, 2009 at 9:27 am

    [...] more work technically but it’s broken a significant downtrend that started last June. (See my comments on silver from last [...]

  9. lance says:
    March 4, 2009 at 1:48 pm

    hi Peter

    i agree with m ichael. I sold my GIX and bought some SSRI. Thanks Lance

  10. lance says:
    March 4, 2009 at 1:50 pm

    Hi Peter
    Next to Batman i love the lone ranger , my childhood hero
    I used to listen to him everynight on the radio.

  11. ken b says:
    March 11, 2009 at 12:47 am

    well with silver standard,your severly diluted as silver standard is a much larger company than Geologix even with San Augustine.I would think that San Augustine is mayby not as valuable as once thought,management was unable to sell,joint venture this project with anyone.There are companies out there looking for deals,with millions in cash,it seems noone was interested .I hope pride did not get in the way ,apparently geologix spent 40 million on this project ,why not sell it for 4 million or even 2 million ,now -we the shareholders ended up with nothing

  12. Rick @ Morgan Silver Dollar for Sale says:
    July 16, 2009 at 10:06 pm

    Great advice, Clearly explained and easy to follow. Thank you

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