As I said many times here before, silver below $25 is just simply unsustainable. It is gapping up over a $1 today on the spot market. Silver demand is unprecedented.
I predicted April to be the turning month for silver. I fully expect a close above mid 30s for silver within the next month as supplies are coming off line for Juniors that can't get funding. This puts Silvercorp in an excellent position, considering there is 0 debt and no funding issues.
My model is showing Silvercorp to be $8.40 over the next several months. I will be ridiculed and laughed at for this prediction, but jvwar and utlra bears that only post when silver is down, will be sorely disappointed when my prediction comes true, that is why I am warning you to cover your shorts now, before silver is $45 an ounce and SVM is $7+ a share.
Was somebody named ich1banf just complaining about those who don't/won't acknowledge when predictions they've made do not come to pass? Gee, I guess this call from him isn't included in his scrutiny.
"""I predicted April to be the turning month for silver. I fully expect a close above mid 30s for silver within the next month as supplies are coming off line for Juniors that can't get funding.""" on April 25th, 2013
Nor mustn't this count either, from that same message: """My model is showing Silvercorp to be $8.40 over the next several months. I will be ridiculed and laughed at for this prediction...""" Of course ichy will come back demanding some leeway (extending timeframe) in order to attempt being correct, so since it already Has been several months (May, June, July), maybe he meant several Quarters.
Or then again, he Probably meant when silver "hit" (retook) $20 and SVM $3. GREAT CALLS, BUB!!! PLEASE ACKNOWLEDGE AS YOU COMMAND OF OTHERS!
And you obviously still don't understand the paper manipulation. Back to Econ 101 for you:
GOFO rates have been negative for 9 days now because there is very low supply. Silver's price is determined by paper, not actual physical demand. It is why physical demand continues to surge because this is a manipulated price.
Obviously you think the market will just continue running higher and silver and gold are in a bear market, you are so misled and you allow your mind to be manipulated by the mainstream narrative.
IMO let me teach you a lesson because you are uninformed. You say "gapping up over a $1 today on the spot market. Silver demand is unprecedented." IMO you are a fool because silver demand has no connection to the spot price of silver. IMO the spot price of silver reflects paper silver being traded back and forth between banks. IMO if silver was priced based on demand it would be triple digits.
IMO I guarantee you have no clue what I am saying because you are a moron. GLTU. SS
Ya agreed, you're spot on with what you say about the paper controlling things, for now. But don't you think we have to consider that demand eventually will drive the spot up to your triple digits!?!
- I'm looking for an opinion, I'm not one of these guys who enjoys mindless "you're a moron" banter on yahoo finance..
Here's my rationale.. it's inevitable at this point.. it's just a matter of time. There comes a point in every fiat life-cycle where the currency becomes too inflated, and we're getting there I think. The paper can't control it much longer or drive the spot down much more than $20. If they did mines would shut down driving the price back up. It's different from the gold paper b/c theres the industrial, investor, and medical pieces that drive demand up..not to mention most silver is in some landfill, while most gold sits in vaults and safes. it's getting harder to find bullion thanks to investors and JP for hoarding. demand is going up, and it's a matter of time before the shorts stop shorting and the paper runs out. I'm in with SVM, I see more upside in them vs others. They're doing well considering the market, and their making the right moves cutting back. Have you seen the potential reserves their sitting on?
it won't be like gold with it's long, slow climb to over $2,000 in the next year. One day the bell will ring and people will double their worthless $'s overnight
Okay, thanks for the informed remarks of name calling and being at your wits end of not actually describing anything.
Of course the paper markets are a little disconnected from the physical, but do you even know how the bullion banks operate? They get orders from their clients that want physical or some exposure to the metals. Obviously if demand were for 10x the amount of physical supply, there would come a crisis and imbalance.
The bullion banks can suppress prices for the short term, but can't control long-term movements.