Fantastic Buying Opportunity, BUY Silver!
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| Topic: Silver Mining Companies, Silver — August 14th, 2008
We would like to reiterate the message we posted on our gold site just now, where we bought call options on AEM and urged readers to buy now!
So; If you haven’t done so already, BUY!
Silver, like gold is close to a major support that we do not think it will break. Silver is currently at $14.27, 27 cents from support at $14, so load up on silver, silver stocks, and if you feel confident enough and have the expertise, perhaps a range of options.
For those that have positions or are “all in”, sit tight and hold onto those positions, as we think that this is the bottom in silver and the downside from now on is very much limited.
These are fast changing times and its essential that you stay up to date with what is going on in the market. For our latest commentary and trading signals on gold, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.
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![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/images/quotes_2a.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Looks like silver stocks do not tumble as much as silver itself???
Now that the support of $14 is broken. Wonder what the next support level is.
Comment by ep — August 15, 2008 @ 3:29 pm
Is anyone else having a seriously difficult time finding silver bullion? The price says $12.70, but I can’t find anything. My coin shop has been out all week, and every online dealer I know of has been cleaned out. I managed to buy some Johnson Matthey bars from APMEX.com, but they’ll be delivered late October, presumably because Johnson Matthey is out of silver.
I checked out eBay, and noticed that the “sold” price for silver bullion is about $19 per ounce! Coins are selling for much more. So they say the price of silver is $12.70 US? Maybe the price of paper (i.e. imaginary silver) is $12.70. But the price people are paying for the real thing is quite a bit higher.
This smells of price manipulation here, although I don’t know enough about the futures markets to know what it is. But common sense tells me that whatever it is, it can only end in the price of silver going much higher.
Comment by DBR — August 16, 2008 @ 7:12 pm