Silver is up 1.24 on Asian trading - almost 48 bucks an ounce..

[PeacePlan]

Looks like they can no longer keep the lid on the pressure cooker and we are moving up big time now. I have waited a long time for the big boys to all go long and change sides. I know many think JPM and all of them are stupid but I bet they profit on the move up - as they will be going long when they know it is time to.

I think this is it - we will see.. Take a look at the link below...

http://www.kitco.com/market/

 

[sam9657]

48 now

 

[PeacePlan]

48.13 now................

 

[PeacePlan]

I have never seen Asia trade like this in 11 years I have invested and watched? Something is up IMO

 

[smokemonsc]

48.21 now - I was thinking the same thing about move in asia - and I watch the market almost every day.

 

[efiniti]

I imagine its the announcements from China's central bank. The Chinese people are pissed. They've been having to deal with massive inflation recently.

http://www.zerohedge.com/article/china-inflation-and-wage-protests-spread-turn-violent

 

[AuH20]

Remember that the silver market WAS an incredibly small market until recent events.

http://silverstockreport.com/2009/tiny-silver.html

some of the incredible volume we've seen is creating this dart upwards.

 

[GunnyFreedom]

$ 48.36 /oz doesn't look like it's slowing down yet.

 

[smokemonsc]

48.50

 

[Dr.3D]

Could this be the reason?

China should cap forex reserves at 1.3 trillion U.S. dollars: China banker​

The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.

China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.

 

[PeacePlan]

With investors grabbing up so much silver I wonder if industry is having a hard time getting supplied. Industry buys a bunch of those options on silver so they can price their product out for 6 months to a year. Most of the time they never use the options because they are below the strike price and it is cheaper and easier to get it directly from mines or other huge sellers. They just buy those cheap options as insurance that they can sell product at a certain price. If they are having problems getting silver they will execute the options and ask for the silver. For the most part speculators are just there to make a buck and will not execute and ask for delivery.

If industry starts needing that silver there could be problems at COMEX

Always keep in mind the original intention of the creation of COMEX = it was set up for industry so they could know what their costs would be in the future.

I always like to think about why the founders set up the Constitution and keep it simple = limit Government! COMEX = for industry..

Don't know if that is what is happening but if so we could go a lot higher fast..

Up 1.97 almost 2 bucks..... Now

 

[AuH20]

up to 48.810 in a flash.

 

[qh4dotcom]

$48.85 now

 

[sam9657]

up to 48.810 in a flash.

Wtf..... Silver has decoupled from gold. Crazy!!!

 

[PeacePlan]

Up 2.31 now..........

 

[rholl]

49.01....

 

[jct74]

Holy fucking shit!

 

[PeacePlan]

As fast as I type it is changing 2.58

 

[Lafayette]

+ 5.11%
+2.38

48.99!!!!!!!!!!!

 

[qh4dotcom]

$49.15 now