Today marks the inception of thesilverreport.blogspot.com. This blog will focus primarily on the global economy, dollar debasement, and its impact on precious metals, specifically silver.
I will be discussing the headline news of the day surrounding silver and the dollar as well as anything which is relevant to our cause. Understanding how the market works is critical as you will be able to identify opportune times to make big moves.
The silver market is heavily manipulated and prices are artificially depressed on the COMEX. This presents us with an excellent opportunity to buy silver at a cheaper price.
Purchasing in tranches now represents that opportunity. Since the recent run up and subsequent sell off of silver, silver has been consolidating in the mid 30's. As of this posting we are trading at 34.17. A steady purchasing program is prudent; however I would feel comfortable adding 50% of a dedicated purchase program now. The downside risk at this price is minimal while the upside is quite attractive.
It is true we can see lower prices this year but you will discover at lower prices physical silver will be unavailable. Silver that is available will be at a higher premium with a longer delivery time. Look it is happening already. All one needs to do is check gainsvillecoins.com. Silver Eagles will not be shipped until late June. Premiums are over $5.
The next best opportunity will be at the start of the third quarter. The Fed has stated that QE2 will end and there will be no QE3. This may present another chance to acquire silver if the dollar has a short term bounce and we see the Dow and S&P begin to rollover. This will lead to the Fed having no alternative but to deploy some type of stimulus to the markets whether they label it QE or reinvestment. As soon as that announcement comes the silver sale will be over.
I will be discussing the headline news of the day surrounding silver and the dollar as well as anything which is relevant to our cause. Understanding how the market works is critical as you will be able to identify opportune times to make big moves.
The silver market is heavily manipulated and prices are artificially depressed on the COMEX. This presents us with an excellent opportunity to buy silver at a cheaper price.
Purchasing in tranches now represents that opportunity. Since the recent run up and subsequent sell off of silver, silver has been consolidating in the mid 30's. As of this posting we are trading at 34.17. A steady purchasing program is prudent; however I would feel comfortable adding 50% of a dedicated purchase program now. The downside risk at this price is minimal while the upside is quite attractive.
It is true we can see lower prices this year but you will discover at lower prices physical silver will be unavailable. Silver that is available will be at a higher premium with a longer delivery time. Look it is happening already. All one needs to do is check gainsvillecoins.com. Silver Eagles will not be shipped until late June. Premiums are over $5.
The next best opportunity will be at the start of the third quarter. The Fed has stated that QE2 will end and there will be no QE3. This may present another chance to acquire silver if the dollar has a short term bounce and we see the Dow and S&P begin to rollover. This will lead to the Fed having no alternative but to deploy some type of stimulus to the markets whether they label it QE or reinvestment. As soon as that announcement comes the silver sale will be over.
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