Archive for silver

The Waiting…

Hey All-

So, it’s been a while, eh?  As many of you know, I’m a teacher so I keep pretty busy.  The past four months have been no exception.  I want to keep an eye on our friend Silver, so every now and then I give a quick peek at a silver chart or I log on to one of my favorite sites to see what going on in the world of metal and whenever I do, I find myself simultaneously puzzled, sickened, & ambivalent, not only at where the price of the metals are, but at the ceaseless commentary and forecasts that never seem to change.  The silver price is back in the $19s – where it was back in July when I started this site.  The forecasts are right back where they were then as well.  Nothing seems to have changed.  No one knows anything for certain.  So what do we do?  What else can we do?  We wait…

waiting for the silver price explosion

Honestly, you could just re-read an article or two that I wrote over the summer to ascertain my current feelings and forecasts for this market at its current stage.  That too has not changed.  I am certain of the horror to come; to what degree it will affect us, or my family, or me, I don’t know.  The stock markets are enjoying their new highs and most analysts feel that there is more to come until there isn’t any longer.  A painful and probably protracted correction is on the way that will take everything with it… maybe even silver and gold… for a while.  The metals will experience an explosion in price at some point in the future.  When will that commence?  Well, most likely sometime after we’ve hit bottom.  We certainly continue to experience the current “bottoming process.”  Perhaps lower prices and even a new low are in the cards.  Perhaps we’ve already had our low and just need to get our feet under ourselves before we can rise up. …

The Noise

You know I’ve written about this before and it still challenges me to some extent.  There is so much information regarding the metals market these days and there’s not enough time in the day to read all of it.  Many of you send me articles from this or that author portraying your particular point of view.  The forecasts vary, but it still fascinates me that I will tend to focus on the forecasts that agree with my personal opinion.  As I’ve mentioned elsewhere, I’m still looking to affirm my beliefs, I suppose, and what better way to do that than to read the articles of people who write what I agree with.  I guess there’s nothing wrong with that, unless of course I’m wrong – ha.  In the meantime, and in the end, it’s all kind of a waste of time though, isn’t it?  I mean what’s the point of reading the same stuff over and over again?  What’s the point of following the metals that aren’t going anywhere?  What’s the point of reading this…?  Exactly…

So, with that said, I’m going to sign off for now.  I merely wanted to touch base with y’all and let you know that all is well and that nothing has changed with our friend Silver.  The fundamentals are sound.  Sometime during 2014, she will have something to say about these low prices and the ongoing manipulation of her paper price, and after she gets warmed up, she will not speak softly.  I’ll be back when there’s something to write about.  In the meantime, ignore the noise, focus on what’s truly important, and enjoy yourselves.

Much love and light to you in this New Year.  J.

PS- If you haven’t noticed, we removed the commenting abilities from the articles.  We were being buried by spam.  We still want to hear from you though.  You can reach us via the “Contact” page.  See ya’!  J.

Silver and Gold are NOT Our Power

Hello Friends-

As we move into this long weekend, I find it important to share a couple of emails that I received from some friends of the site recently — I hope they don’t mind me sharing.  Here’s the first from C., followed by my reply:

hey joe how u doin .       just been following the silver move up steadily  in the last week or two which was nice and then yesterday we had this huge drop back may be 2 or 3 % what do you think was the reason for this everything i am reading is telling me it is still going higher but what caused the hiccup in the last 2 days or is this not unusual like i said when i contacted you before i am very new to this game   thanks take care    c.

This is sort of action is very usual, C.   Take a look at what happened in April 2011 until June 2013.  Silver offers incredible profit potential.  Along with that will come massive rapid sell-offs.  You need to be mentally and emotionally prepared for it.  As I recommend in my writing, don’t mess with any daily charts – just ignore them.  Focus on the monthly charts or weekly if you must.  I don’t plan to sell anything until the mid-$40s – whenever that comes.  You cannot worry about this stuff.  I’ve been there and will not go back.  Life’s too short.  J.


Here is a second letter from T., again followed by my reply.

Hope this finds you in good spirits! I have just finished reading “Trying to stay sane in a insane world” on The Burning Platform site. I do not know if you have read it or not but bet you have. Anyway, it goes into pretty good detail about this country’s financial situation. I have always known this and that is why I have PMs.What I want to ask you is, if these so called human beings that run this show have this much power, what is going to keep them from undermining my having PMs either by manipulating the markets for ever to their advantage, or taxing them out of all the PMs worth or confiscate them? Jim Sinclair and Bo Polny have both told me to hold on to my metals always and that 2020 is the year all this will come to a head, so hold on and sell only what you need to and save them for prosperity. What do you say? And I have always worried about how do I sell the metals when I need to and to whom? Hope I have not “bugged” you too much! I think you get what I am asking you. Thanks for all you do and I am glad I have found your site!   

Hey T!  I’ve addressed your questions in an article on my gold site: http://tobuyandsellgold.com/where-to-now/
Every once in a while I started feeling a bit helpless and despondent about the current state of affairs and about what the future holds.  I’ll indulge myself for a day or two and then realize that worry and fear are just a waste of energy.  No one knows what will happen, not even Jim S. or BoPo.  All of the analysts and forecasters have no idea either.
The metals are a form of security and a protection of our wealth, but they are just metals.  They are not our power.   Joe



 

First off, I want to thank C & T for sharing their questions, thoughts and concerns with me.  I don’t take this position lightly.  There are literally hundreds of chartists, analysts, and forecasters out there.  I feel like my niche in this mess of metals is to help new investors.  So again, thanks to C & T.

That said, this is not a game for the weak.  Gold and silver (or any volatile market) will drive you mad if you let them.  I find it fascinating that, I received these emails at the same time that I was experiencing a loss of direction myself (see link to our gold site above).  As I wrote in the second letter, fear and worry are a waste of time, energy and life.  Think about 5-10 years from now.  Silver and gold are many multiples higher and the government let you keep all of those not-inflation-destroyed dollars after you sold right at the peak, but you’ve been miserable this whole time.  You’ve wasted 5-10 years of your life on worry.

It’s not about the destination, everyone.  It’s about the journey, and that journey will reach great heights and plumb the nadir of despair.  That’s life!  You don’t have to enjoy it, but at least try to respect it and appreciate it.

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Well, that may not be what you wanted to hear, but it’s what I need to write.  I encourage you to invest in the metals, and have fun with the metals.  Do your research, but don’t expect anyone to provide you with the “correct” answers every time.  If you’re having trouble sleeping, you’re over-invested.  Buy or sell what you need to rest easy.  Rest easy this weekend, friends.  Remember, these metals are fun to play with, but they are not our power.  Our power is limitless and formless.  It is worry-free and certainty.  Joe

PS- Please feel free to share your comments and questions here.  If you think I’m full of bologna (baloney for you purists), then lay it on me.  As always, I ask you to share our site with your friends and neighbors.  J.