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Sabina Silver die nächste Kursrakete!!! (Seite 20)


WKN: A0YC9U | Symbol: RXC
0,917
08:00:26
München
+0,22 %
+0,002 EUR

Begriffe und/oder Benutzer

 

da wir das ja jetzt geklärt haben hier noch ein Update bezüglich der Investoren :p

Ausgangspunkt Ende Februar:
Sentry Select Capital Corp. reports that, as result of recent purchases, one or more of its
mutual funds or other managed client accounts held in the aggregate 2,849,666 shares of
the Reporting Issuer at the end of the month of February, 2006, representing, based on
Sentry Select Capital Corp.’s understanding, approximately 9.29% of the total shares
outstanding.

Dann einen Monat später + 3,01 Millionen Aktien Ende März:
Sentry Select Capital Corp. reports that, as result of recent purchases, one or more of its
mutual funds or other managed client accounts held in the aggregate 5,948,999 shares of
the Reporting Issuer at the end of the month of March, 2006, representing, based on
Sentry Select Capital Corp.’s understanding, approximately 11.63%

Und nun noch mal + 2,16 Millionen Aktien einen Monat später Ende April:
Sentry Select Capital Corp. reports that, as result of recent purchases, one or more of its
mutual funds or other managed client accounts held in the aggregate 8,114,999 shares of
the Reporting Issuer at the end of the month of April 2006, representing, based on Sentry
Select Capital Corp.’s understanding, approximately 15.22%

Somit ist Sentry Capital Corp nun sogar mit noch mehr Stücken als in der Share Structure größter Investor von Sabina. In der Sharestructure vom 21.4 hat Sentry Capital Corp nur 5,948,999 jedoch schon im Bericht zum Monatsende nun 8,114,999 somit müsste er doch wenn die Daten richtig verarbeitet worden sind genau diese 2,16 Mio vom 21. bis Ende des Monats eingekauft haben. Das kann aber nicht über den Markt passiert sein weil soviel nicht mal insgesamt in der Zeit gehandelt wurde. Aber es ist sehr schön zu sehen wie Sentry Capital Corp sogar auf dem hohen Level von 2,8 Mio auf 8 Mio Shares um einiges mehr als verdoppelt hat. Denn diese gesamten Käufe wurden von Ende Februar bis Ende April getätigt und in diesem Zeitraum hat Sabina durchgehen in einer Range von 10 Cent über oder unter 1,5 auf hohem Nieveu konsolidiert. Sabina ist bei der Sentry Capital Corp sowohl im Canadian Resource Fund Ltd. als auch Precious Metals Growth Fund vertreten.

Des weiteren hat der zweitgrößte Investor ebenfalls auch noch mal gut nachgelegt.. nämlich Front Street Investment Management:
FSIMI.s ownership, on behalf of its client accounts, of Sabina increased by
3,538,000 Common shares, and 1,769,000 share purchase Warrants.
As of March 31, 2006, FSIMI owned 4,473,800 (7.2%) of the 46,891,000
outstanding common shares of Sabina. As the warrants are exercisable, FSIMI.s
ownership on a fully diluted basis equals 13.31%. Wenn die Sharestructure auf der page aber richtig sein soll haben die auch schon einen Teil wieder verkauft um runter auf 3,538,000 zu kommen

Sieht doch alles in allem sehr gut aus wenn die sich sogar noch auf diesem Level eindecken werden die wohl noch einiges erwarten. Dürften jetzt sogar auch schon weit über 50 % in den Händen von Institutionellen sein
...eigentlich müsste das ein Grund sein, um relativ gut schlafen zu können! :D

http://atom.smasher.org/construction/?l1=Sabina+&l2=Silber%2…

...wünsche Euch eine starke Börsenwoche

derschweizer
TED BUTLER COMMENTARY

May 17, 2006


The Final Wash Out?

(This essay was written by silver analyst Theodore Butler, an independent consultant. Investment Rarities does not necessarily endorse these views, which may or may not prove to be correct.)

It is truly amazing how much silver–related news and price volatility have been generated lately. Because of that I find myself, once again, unable to personally respond to the large volume of e-mails seeking comment. I have even been so rude as to be unable to respond to those who have sent thank you’s, or really good questions or to those who seek to send me money for my subscription service, which may exist someday, but does not currently. Please accept my apology. I can assure you that I read and appreciate everything sent to me, and I will try to publicly address that which I can’t respond to privately.

For today, however, I will postpone attempting to respond to the issues most frequently mentioned, in order to deal with the two-dollar sell-off in the price of silver in as many days. A few weeks back I wrote that I thought we were forming a bottom based upon the tech fund long liquidation and reciprocal dealer short covering that had taken place. (Please see "A Long Time Coming.") I still feel that way, as that liquidation process has continued. In fact, the recent sell-off still leaves us at levels higher than the previous lows.

This most recent silver sell-off took place within the confines of a sharp break in price in other metals, with silver declining more sharply than the others. This is ironic as silver has the most powerfully bullish characteristics currently than any other metal or industrial commodity, including crude oil. Let’s see if I can back that statement up.

The first place where silver stands head and shoulders above any other metal or industrial metal is in its internal structure, as defined by the Commitment of Traders Report (COT). No other commodity even comes close to silver’s bullish configuration. The most recent COT indicates that the tech funds and the small speculators have been largely flushed out of long positions and the dealers (especially the very biggest) have covered a large portion of their short positions. This has been the reason why silver has sold off.

What makes the current spectacularly bullish COT configuration in silver all the more remarkable is that I can find no other metal with any similar type of bullish structure. Copper is neutral, while gold’s COT is actually on the bearish side. Crude oil is extremely bearish. (Of course, it must be remembered that when the COTs prove to be "wrong" it is always in predicting tops). But it is unusual for silver to have such an extreme opposite COT configuration from gold, and I only remember it occurring once before. In short, the silver COTs are saying that silver is washed out on the downside, especially compared to the other commodities.

Normally, a bullish COT is all I’ve ever needed to advocate an aggressive exposure in silver, given that the fundamentals have been consistently favorable. And that is certainly the case now. Long-term readers know the accuracy of the COT at bottoms. But it is not just the bullish COT that advocates an aggressive exposure to silver at this time.

The Death Star

In addition to the great COT structure, an extraordinary new bullish factor has been injected into the silver equation – the silver ETF (SLV). In just the first 12 trading days of SLV, almost 70 million ounces has been purchased, or more than half of the total amount (130 million ounces) originally filed for with the SEC. This is real silver taken off the market and the amount purchased so far has exceeded anyone’s expectations.

While I am surprised that so much silver has been purchased to date with so little (yet) impact on price, the great thing is that we are being made aware of how much silver has been in the unknown category at the very same time it is being effectively taken off the market. If I had to learn that there was more silver in the unknown category than I might have anticipated, there could be no better way of learning that than by seeing it absorbed into the ETF. Silver flowing into the ETF should basically stay there (and be unavailable to the market) for a long time, just like the silver in the Central Fund of Canada.

Because the ETF buys real silver in large quantities, I have variously referred to it as the Great White Shark, or perfect silver-eating machine, or as the doomsday machine for the shorts. A friend of mine, Carl Loeb, came up with the most appropriate analogy, in my opinion, when he dubbed the ETF as the Death Star of the silver market, likening it to the powerful weapon from the movie Star Wars. I believe that does not overstate the impact this silver ETF will come to have on the silver market. What promises to turn this ETF into the Death Star is the multi-dimensional havoc it can unleash, setting off a number of chain reactions.

Overnight, the silver ETF is the largest buyer of silver in the world, buying a quantity, in a matter of days, what would normally take a year (or years) by the very largest industrial consumers. And don’t think this isn’t the same as industrial consumption, as the net effect is the same, namely, silver is taken off the market. I think the other industrial consumers are aware of this new kid on the block (that’s why the Silver Users Association fought the ETF) and it is only a matter of time before the users do the only practical thing they can, and that’s to buy silver for inventory purposes.

Once the users rush to build inventories, as they surely will and always do at the first sign of shortage, the mile-long string of firecrackers will go off. Decades of just-in-time inventory disposal guarantees that this will occur. What user is not aware of the shortages, delays and high prices that have befallen those users with no inventories or forward buying contracts in other metals and industrial commodities?

Separately, institutional investors have been given a gift in this ETF, with their newfound ability to invest in real silver. The typical mutual or hedge fund, or bank trust department or family office would never have invested in futures or with a coin dealer. But an exchange-listed security is right up their alley.

More importantly, as Loeb has pointed out to me, the very act of an institutional investor buying shares of SLV (because it causes the automatic purchase and removal of real silver from the market) has the singular and unique impact of making the fundamentals of the real silver market better. Normally, the purchase of a common stock may temporarily impact the price of any stock upward, but does nothing to improve the underlying company’s condition. With an ETF that buys the actual metal, the underlying condition of the metal is improved, in addition to the normal and temporary upward impact. As more institutions comprehend this important distinction and act on it, the effect could be profound.

In addition, institutional investors are being given, for the very first time in history, the ability to invest in the real deal, the actual metal, at precisely what may also turn out to be the best time possible. The ETF offers the first true alternative to what has previously been the only way that institutional investors could have invested in the silver space, namely, silver mining company equity shares. And while it is no secret that silver mining equities greatly outperformed the metal itself in the early days of the silver bull market, which commenced several years ago, more recently the actual metal has begun to outperform the equities. Even though I expect this to continue, at the very least, it is always better to have the ability to choose for oneself.

No matter which approach to silver an institutional investor takes, equity or ETF, the choice is being presented at an interesting time in the silver world. Aside from the fact that the very largest producers of silver are generally large diversified metal miners where silver makes up a small portion of total revenues, making it hard to invest in a pure silver play, there seems to be a rash of new developments that threaten the future profits of silver miners, even if the price of silver explodes. Some of these developments include;

Threats of nationalization and increased taxes
Rapid increases in costs of production, including energy
Depletion of ore bodies
Impediments to mining for environmental and local concerns
Management miscalculations, including ill-timed hedging
Severe dilution, through share issuance
Large up-front investment and lead times for production
Obviously, the institutional investor does not have to concern himself with these matters should he decide to deal with the ETF, instead of mining shares. Remarkably, most of these risks and fears are limited to the mining shares and actually enhance the prospects for the metal itself, as any impediment to future production only increases the value of the finished product. And dilution is not an issue for the silver ETF, as metal must be purchased and stored for each new share issued. If I were an institutional investor who decided on establishing or increasing an exposure to silver, I can’t imagine not choosing the ETF.

I have a high confidence that institutional investors will come to appreciate the great opportunity being presented to them with the introduction of the silver ETF. But I hope they appreciate that there may be a very narrow window of time to avail themselves of this opportunity. Already, more than half the shares authorized have been placed. There is no guarantee that there will be enough silver available, at near current prices, for completion of the offering. In the event of a sell-out, there can be no assurance of future additional silver ETFs, creating the likelihood of a large premium developing on the existing shares of SLV.

The bottom line is that there is an awful lot of institutional investment money out there and very little real silver remaining. The ETF has created a conduit between those two simple facts for the first time in history. That’s what makes the silver ETF the Death Star.

As I was submitting this article, on Wednesday morning, May 17, I noticed an extreme deterioration in the gold/silver ratio, with silver under performing not only gold, but also virtually every other metal. While I have studiously avoided publicly recommending anyone trade the gold/silver spread on a leveraged basis, I can easily understand why someone would buy silver and sell gold from a valuation viewpoint and end up doing the silver/gold spread on a very leveraged basis.

My sense is that the dealer/manipulators on the COMEX have pulled out all the stops in attempting to force liquidation of those holding these spreads. Their object, of course, is to shake as many silver long holders out of the market, thereby allowing the dealers to further reduce their short silver positions. Unfortunately for those holding such spreads, the dealers appear to be succeeding with what may be their final wash out of silver longs in any form.

I want to emphasize that this silver/gold liquidation is very blatant and very bullish for silver, when it is completed. You don’t have to be Albert Einstein to see what the dealers are doing, or know their real motive. For long term investors of all types, retail and institutional alike, I would like to reaffirm my suggestion that gold only investors take advantage of the dealers’ actions and the aberration in the silver/gold spread to establish long term silver positions, using gold as a source of funds. This applies particularly to those institutional investors with gold ETF positions and no silver ETF positions.


Hallo Leute, keiner mehr da?
Wie sagt Klinsi: grad mach ies Maul zu, schon habba ma die schenste Konsi
:rolleyes:

derschweizer
Antwort auf Beitrag Nr.: 21.680.369 von derschweizer am 19.05.06 22:13:17Der Anfang vom Ende oder lediglich eine begrenzte Korrektur?

18.05.06

Seit einigen Tagen kennen die Preise der Edel- bzw. Basismetalle nur eine Richtung – die Richtung Süden. Viele sprechen jetzt schon vom Ende des Bullenmarktes. Doch sollte es wirklich so sein, oder bewahrheitet sich hier nicht vielmehr die Tatsache, dass die Börse vor allem auf dem Herdentrieb basiert? Was ist passiert, dass die Metallpreise derart stark nachgeben?

Die Antwort, so banal sie klingen mag, sind Sorgen nervöser Anleger, die aufgrund der zuletzt stärker als erwartet ausgefallenen Inflationszahlen von weiter steigenden Leitzzinssätzen ausgehen. Das wiederum könnte die konjunkturelle Entwicklung dämpfen bzw. zum Erliegen bringen. Auf der anderen Seite sollte man bedenken, waren die Preissteigerungen bestimmter Metalle wie z.B. Kupfer in den letzten Wochen und Monaten extrem und haben geradezu nach einer Korrektur geschrieen. Gleiches gilt für so manche Aktie, deren Chartverlauf in einer Fahnenstange mündete, ein mit an Sicherheit grenzendes Ereignis, das eine Korrektur zur Folge hat. Der Grund für die heftige Korrektur könnte aber schlicht und ergreifend auch darin bestehen, dass in letzter Zeit zu viel spekulatives Geld in die Rohstoffmärkte investiert wurde. So oder so, jedes Ereignis hat seine spezifische Ursache. Wir können weder das eine, noch das andere ändern, sondern müssen es nehmen, wie es kommt. Oder anders ausgedrückt: Das Beste daraus machen. Was bedeutet das im vorliegenden Fall? Silberinfo ist schon immer der Meinung, sich möglichst im Edelmetallsektor und hier vor allem in Silber zu positionieren. Ein Blick auf die fundamentalen Daten rückt die ganze Sache schnell ins richtige Licht. Nichts, rein gar nichts hat sich am Silbermarkt getan. Daran kann auch die Meldung, dass Warren Buffet sein Silber verkauft hat, nichts ändern. Die Umstände, die zu diesem Ereignis geführt haben sind unklar und dubios. Zudem kann niemand sagen, ob er das Silber überhaupt noch besaß oder nicht schon vor Jahren verliehen hat. Es ist vielmehr so, dass Gesellschaften wie Endeavor Silver und andere, trotz der „historisch hohen Silberpreise“ wie es uns die Presse immer weismachen will, nicht in der Lage sind, Gewinne zu schreiben. Wie unser Freund Ted Butler vor etwa einem Jahr geschrieben hat, gibt es für eine Ware keine bessere Ausgangssituation, als dass sie unter ihren Produktionskosten verkauft wird. Eine kaufmännische Grundregel lautet: Der Gewinn liegt im Einkauf. Und eine Tatsache, auf diesem Zitat aufbauend ist, dass man auf Dauer als Produzent nur dann existieren kann, wenn man Gewinne schreibt. Sie sehen, das eine schließt das andere aus, welchen Schluss Sie nun daraus ziehen, bleibt Ihnen überlassen. Die aktuelle Korrektur ist also nicht das Ende, sondern eine kleine Verschnaufpause während einer langen Reise, selbst wenn es noch um weitere 15 % nach unten gehen sollte. Genießen Sie den Sommer mit all seinen Annehmlichkeiten und im Herbst ziehen wir Bilanz, wer Recht behalten hat.

© by silberinfo


derschweizer ;)
May 18/06 May 17/06 Drost, Abraham Peter 10 - Acquisition in the public market Common Shares 10,000 $1.370
May 18/06 May 17/06 Caldwell, Duncan James 10 - Acquisition in the public market Common Shares 7,400 $1.250
May 18/06 May 17/06 Caldwell, Duncan James 10 - Acquisition in the public market Common Shares 2,600 $1.230
May 18/06 May 17/06 Drost, Abraham Peter 10 - Acquisition in the public market Common Shares 10,000 $1.370
May 18/06 May 17/06 Caldwell, Duncan James 10 - Acquisition in the public market Common Shares 7,400 $1.250
May 18/06 May 17/06 Caldwell, Duncan James 10 - Acquisition in the public market Common Shares 2,600 $1.230
Hä? Was ist denn bei WO los? Hatte es gestern abend gepostet, eben nachgeschaut; war nicht drin. Dann nochmal gepostet, jetzt beides drin? Mit ~18Stunden dazwischen?
Interview with Ted Butler

SILVER WEEKLY COMMENTARY

Mai 23, 2006

By : Theodore Butler

TED BUTLER'S ARCHIVES

Cook: We’re starting this interview with silver off sharply from its $15.00 high. How long can this go on?

Butler: Generally, the sharper any move, the quicker it exhausts itself. So I would say this sell-off won’t last long in time.

Cook: How low could it go?

Butler: I’d be surprised if we went below $12.00.

Cook: Why is that?

Butler: There has been massive liquidation of speculative longs and dealer short-covering.

Cook: Are you saying the dealers got out from under that big short position they had?

Butler: Yes. At least as much as could be covered.

Cook: How did they do that?

Butler: They collusively pulled their bids on the COMEX, forcing the longs to liquidate into a vacuum.

Cook: I thought you said the price would explode when the shorts tried to cover.

Butler: If they tried to cover on the way up. This time they covered the way they’ve always covered – by rigging prices down. But remember, for the first time, the dealers covered at a very big loss.

Cook: According to your theory, a price drop reduces the risk. Is this still true?

Butler: Yes. People are ready to jump out the window at precisely the time when most of the risk has been taken out of the market.

Cook: What about the poor price action?

Butler: That’s a major criterion for a bottom. But you must keep things in perspective. If I guaranteed you less than a year ago that silver would more than double, you would have kissed me. Instead, everyone is focused on the decline from $15. That’s just human nature.

Cook: Are we going to do this again? I mean, go up and then get slammed down?

Butler: I think this next time up the shorts are going to step aside and refrain from short selling the next rally. That will cause the explosion.

Cook: Why wouldn’t they sell again?

Butler: The shorts have gotten killed in other metal markets, like copper, zinc and gold. Shorting has proven to be hazardous to their financial health.

Cook: Did they come out okay on silver?

Butler: Not really. While the shorts have skillfully covered significant quantities of their positions, they lost hundreds of millions of dollars on these buy backs. This is the very first time they have taken such a beating and those losses are fresh in their minds. I don’t think they will put themselves back into danger again by reshorting.

Cook: Any other evidence to substantiate that opinion?

Butler: Yes. I think the silver that has gone into the new ETF was formerly inventory against which silver futures were shorted and traded against on the COMEX for years and years. There are now 73 million ounces in the ETF, or the equivalent of 15,000 contracts. I’m convinced that represents 15,000 contracts that won’t be shorted again by the silver wolf pack, adding to my sense of no big shorting on the next rally

Cook: Could that have been Buffett’s silver?

Butler: Sure, indirectly at least. But it wasn’t Buffett selling at $13 or $14, according to his own statements. I hope it is Buffett’s silver as that would indicate how little silver remains aboveground.

Cook: What’s the bottom line if the big dealers don’t sell short again?

Butler: We go boom on the upside. That’s why this is the time to load the boat.

Cook: What do you think about the stories claiming tremendous amounts of silver in the form of bags of junk coins, about to flood the market?

Butler: I did read an article about that and received a number of e-mails, and my sense is that it’s not something to worry about, but if it develops into a market factor, we’ll deal with it and analyze it. But you have over 30 years experience in this very issue. What’s your take?

Cook: It’s not currently a factor. However, that aside, you appear to have miscalculated on the amount of silver available. Would you agree that all this ETF silver coming out caught you by surprise?

Butler: Yes, it did catch me by surprise. But I’ve always used the amount of one billion ounces in total world bullion equivalent inventory, so this doesn’t invalidate that number. And please remember, the silver in the ETF is taken off the market, so in a sense, the more they put in, the more bullish it becomes. This is silver that’s no longer available for industrial consumption.

Cook: What’s your current take on the silver ETF?

Butler: It has gotten out of the gate faster than almost anyone has expected, in the amount of silver they have purchased. It is the perfect institutional investment vehicle and because there is so much institutional money sloshing around and so little silver, the ETF is going to have a profound impact on the price of silver.

Cook: How profound an impact?

Butler: A few billion dollars is chump change in institutional investment terms. That amount can flow into any worthwhile investment opportunity in a heartbeat. Silver is the best such opportunity, in my opinion. And suddenly, for the first time in history, institutional investors have been given the ability to buy it.

Cook: So what will happen because of the ETF?

Butler: The institutions will continue to invest in the silver ETF, causing silver to be bought and taken off the market. The sponsors of the ETF are either going to run out of silver at current prices, or they are going to sell out the entire 130 million ounces relatively quickly. If they run out of silver at current prices, the price must go up to bring out the required silver. If they sell out the entire 130 million ounces, that will prove there is great demand for silver and the next step must include plans for another silver ETF. We have multiple gold ETFs, so there may more silver ETFs.

Cook: Then what?

Butler: They either bring out another silver ETF, which I think would also sell out, or they admit there isn’t enough silver for another ETF and the price of silver explodes as people realize the real situation.

Cook: Silver is a lot higher than it was when we started recommending it. Are you just as bullish today?

Butler: Yes, I’m still advocating people buy silver or buy more silver. People that only own gold and no silver or more gold than silver, should rebalance their holdings.

Cook: What’s the case for that?

Butler: Look at the amount of silver being bought in the silver ETF and compare it to lack of gold being bought in the ETFs for the past couple of months – it tells you there is more demand for silver. That should continue.

Cook: That’s the reason?

Butler: There’s a number of reasons. Gold is primarily a monetary commodity, with little industrial usage. Silver is primarily an industrial commodity, with monetary acceptance by many.

Cook: The gold people say that the monetary aspect makes gold better.

Butler: I say no – it is the industrial nature of silver that makes silver the better choice.

Cook: Isn’t it a matter of preference?

Butler: What have been the best performing metals over the past few years? Industrial metals – copper, zinc and aluminum. There can be a shortage because they are consumed. Copper, at the recent peak, was up more than 6 times its low price of a few years ago. Silver is an industrial metal, with a historical monetary kicker. No other metal has that.

Cook: Any other reasons?

Butler: There is more than 200 times more gold than silver in the world in terms of the dollar value of each. One half of one percent of the dollar value of gold is greater than the entire dollar value of silver.

Cook So, what’s your forecast on this strategy?

Butler: Silver should continue to match or outpace gold, as it has for the past few years. But if things play out as I expect, silver will greatly outpace gold over the next few years. If I’m correct, the results could be spectacular. And the kicker is that the gold investor who follows my advice should end up with more gold in the end.

Cook: How’s that?

Butler: Those who switch some of their gold to silver now will be able to someday sell the silver and use those proceeds to buy more gold than they originally sold.

Cook: It sounds good. But we’re not going to beat the drum too hard for switching. We were a gold company for a long time and we like gold. Let’s move on.

Butler: Don’t be a wimp.

Cook: What do you mean?

Butler: Every time I bring it up, you say let’s move on. The whole gold world is afraid to ever suggest that something may perform better than gold. It takes on a religious, cult-like quality. I’m not anti-gold, it’s just that I think silver will beat the pants off gold performance-wise going forward and I’m not afraid to say it.

Cook: That sounds a bit extreme.

Butler: What’s extreme is that I have never seen anyone else, except for my friend Izzy, dare to publicly suggest switching gold to silver. People are not afraid to plagiarize just about everything that I write, but no one else, to my knowledge, has had the courage say switch your gold to silver because you’ll make a boatload more money.

Cook: You can’t be sure of that. Our clients have bought a lot of gold over the years and it’s been going up.

Butler: That’s great. Yes, gold has done well and I hope it continues to do well. I’m not rooting for gold to go down and I’m not saying it will. I’m saying silver will do much better. If I was an automobile stock analyst and I thought Ford would do better than GM, I’d find it necessary to tell people to switch from GM to Ford. I’m a commodities analyst who feels silver will do much better than gold. I have to tell people to switch from gold to silver.

Cook: But the fundamentals for gold look great. The dollar, interest rates, inflation, oil and the economy.

Butler Every one of the fundamentals you can list for gold also applies to silver. It’s the other factors that tell the tale.

Cook: Those are?

Butler: Silver is consumed, not hoarded. Silver is an industrial necessity, like oil, copper or zinc, while gold is a luxury item. World governments, the arch enemies of higher gold prices, still hold massive quantities that they can sell to hold down the price. They own just about nothing in silver. There’s a lot more gold around than silver, especially in dollar terms.

Cook: You have a lot of chutzpah, giving that gold for silver advice.

Butler: I know something that gives me great confidence. I know that only small gold investors can take my advice. Big institutional gold investors can’t.

Cook: Why not?

Butler: There’s not enough silver. The total value of the above ground gold in the world is around $3 trillion. One percent of that is $30 billion. Even if you say there is a world silver inventory of one billion ounces, at $15/ounce that is only $15 billion. One percent of the gold is worth twice as much as all the silver in the world. I think this is an absurd ratio that must adjust in time. The most likely adjustment will come by an upward revaluation of the silver price.

Cook: Sounds bullish.

Butler: There’s 200 more times gold than silver in terms of dollar value and the great need and absolute requirement for silver in a modern civilization represents the greatest investment opportunity of all time.

Cook: This is what you said at $5.00 an ounce. Can it still be that good?

Butler: Yes, and in some ways it’s even better.

Cook: What ways?

Butler: Well, for one thing, the world has come to learn that most metals and minerals were too cheap 3 to 5 years ago. Demand has overtaken production in many commodities and production shows no sign of increasing significantly, for a variety of reasons. Silver is no exception. I think it’s better that silver has tripled in price and still doesn’t look out of line with other commodities. It’s still in the pack. It has had a stealth move up. It has yet to demonstrate it’s unique pricing explosiveness. It will.

Cook: What else?

Butler: This new silver ETF opening the door, for the very first time, to institutional investment is a very big deal and makes things much better for silver going forward. This ETF will greatly accelerate the time for inventory depletion. Throw in the dramatically improved COTs, which are the best they’ve been in 9 months or so and you have all the ingredients for a significant move.

Cook: Care to put a number on it?

Butler: I’ll be surprised if we don’t add a pretty quick $5+, but longer term, I still think the price rise will be astounding.

Cook: No question about it, you’ve been right about the recent price movement and your explanations of what’s going on behind the scenes have generally proven out.

However, these big dealers you claim are manipulating the market aren’t going away. They are going to be trying to make as much as they can going against the small investor. Can the small investor come out?

Butler: Sure he can. In fact, the small investor, the buy and hold guy, has done better than the dealers in the runup over the past 9-10 months. The dealers have succeeded in covering a large chunk of their shorts, but it cost them an arm and a leg. It is because the dealers took such a beating on the shorts they just covered, that I don’t think they want to go short anytime soon. That could really set the price free.

Cook: Any final words?

Butler: This is the time and these are the circumstances to load the boat. :D

Schönen Vatertag ;)

derschweizer
wie tief noch?

BID Orders Volume Price Range
6 19,200 1.100-1.190
ASK Price Range Volume Orders
1.240-1.300 21,700 7
Antwort auf Beitrag Nr.: 21.795.454 von Rainolaus am 25.05.06 16:02:16...das wissen nur die Götter!
Ich kann es auch nicht nachvollziehen, bleibe aber auf jeden Fall investiert und halte meinen Zeitplan ein.

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