DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL Message Board

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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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To: DrBill who wrote (4434)	11/3/2011 9:18:54 PM
From: DrBill	Read Replies (1) of 4690

LOOKS LIKE POSITIONING ON SILVER HERE TO ME. ________________________________________________ With silver up a bunch would be a good time for Tom Kaplan to bring his Silver Valley IPO. A sharp run-up in silver coupled with a lot of positive talk. The ideal time to launch an over-priced silver IPO. Give them a primary silver producer with a "proven track record" of producing many millions of ounces. But, what about the most under-valued currently producing silver producer---that being USSIF. The timing is right for the reverse split (R/S) and the AMEX listing. Which one (USSIF or Kaplan's SilverVallyMines) will really take off? I'm betting on USSIF. It's up & producing with great results & ready to launch. _________________________________________________ Bearish Brandt Sees Bullish Signs Of $50-60/oz For Silver Page 1 of 4 (abbreviated here) However, CEO of commodity trading firm Factor LLC doesn’t paint as bright a picture for gold. Peter L. Brandt is the CEO of Factor LLC, a Colorado Springs, Colo.-based proprietary trading firm established in 1980, and primarily trades in futures contracts as well as commodity-related ETFs and individual stocks. Brandt has long been an irritant to precious metals bull, citing their views as “irrational.” So when Brandt’s firm recently called for a breakout of silver to the upside, we thought this would be a good time for Hard Assets Investor Managing Editor Drew Voros to check in and see what changed Brandt’s views. Hard Assets Investor: You’re typically the guy who doesn’t jump on the precious metals bandwagon. Now you’re predicting a silver breakout. What’s your reasoning? Peter Brandt: I get accused of being a precious metals bull’s worst enemy, but that’s not necessarily true. Our firm has made a lot of money over the years by trading gold and silver from the long side. And we made a lot of money during the run-up in gold in July and August. But then all of a sudden, we saw some things in silver which were extremely concerning. We felt the silver market had reached a termination point of extreme significance when it came to volume. We looked at the volume figures around the world in futures markets and some of the ETFs. What we saw was that an eight-year supply’s worth of silver exchanged hands over a seven-day period. We felt the market was done — it was topped. And we put out a notice on April 29 that the silver market was dead. But we recently started getting interested in the long side and we went long silver on Oct. 25. We see the possibility that silver could go to the high $50s, possibly the $60s. And we put out some communications on that on the 25th feeling that silver was a buy. We feel that it should probably not drop. There’s a danger here that silver has got to hold some of these current levels. If it starts weakening up, we’ll change our mind real quickly. __________________________________________________________ Regards, DrBill

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