Silver nådde målet i natt, trolig botten?

Here we go, tydligen var en omröstning i Schweiz (om guld!?) vad som skulle få ration att nå sitt mål.  Silver har nu nått det stora motståndet i förhållande till guld, vid en historiskt hög nivå där silver endast handlats max några veckor sedan 1995. OBS att ration var högre, upp mot 95 tidigt 90-tal, men då supply demand situationen sannolikt är en helt annan idag pga konsumtionen av silver kanske man inte ska räkna med att silver når dit igen.

silverfinalspike

‘$15 billion worth of world silver inventories’

Samtidigt tog Alibaba in $8 miljarder i en finansiering (länk), halva värdet av den totala mängden silver inventories varav bara en liten del tillgängligt att köpa. Hoppas det framgår hur löjligt lite silver det finns där ute i förhållande till mängden luftpengar som skapas ur intet varje dag. Mer om hur extremt tajt silvermarknaden är läs senaste av Ted Butler:

I remain amazed that the world continues to miss the most important distinction between gold and silver, namely, how much of each exists. After all, something has to explain why the world’s investors are completely unaware of the physical and financial facts surrounding silver. I’ll tell you straight out – if there were only $15 billion worth of gold inventories in the world, I’d probably be a bigger gold bull than silver bull – if you can imagine that.

Fifteen billion dollars is such a pitifully small amount for what might exist in world inventories for either gold or silver that it would be reason enough to buy either if that valuation applied. Well, it does apply to silver and doesn’t apply to gold where the amount of gold in the world is measured in the trillions of dollars ($6.5 trillion, to be precise). Furthermore, very little of the $15 billion worth of world silver inventories is available for sale – according to ETF and inventory flows. I can’t prove it, but I doubt that if someone tried to buy just one billion dollars’ worth of physical silver currently (60 million oz), the transaction could not be completed below $30.Silver analyst Ted Butler: 19 November 201

‘We are set up for violent price reversals to the upside for silver’

Uppdatering av läget från Ted Butler:

We are set up for violent price reversals to the upside for silver and for all the COMEX/NYMEX metals. Maybe the setup can get stretched out a little longer, but it looks stretched out enough to me by historical standards. We’ve gone too low in price on too many important commodities as a result of this stupid and manipulative machine trading. There’s a payback and a counter-reaction to the price distortions we’ve witnessed and it seems to me that the payback is at hand.

I think the technical funds have been lulled into a sense of complacency, particularly in silver, by how easy the commercials have let them off the hook when they held extreme short positions recently. But just because the commercials have let the technical funds buy back shorts at prices close to upside penetrations of important moving averages previously, doesn’t mean that will always be the case.  Just because the technical funds think they will be able to buy back silver shorts near the $18 mark, that doesn’t necessarily make it so. The commercials can demand much higher prices before selling.  There will come a day when the commercials won’t be nearly as accommodative to the technical funds as they had been previously and that will be a great day for silver investors. That day seems at hand to me.Silver analyst Ted Butler: 29 October 2014