This artical makes me more optimistic about gold and silver!

[longonsilv]

Hi again,

Read this interesting artical from seeking Alpha

http://seekingalpha.com/article/1559542-update-on-gofo-factors-that-will-spark-a-big-move-in-gold?source=email_macro_view&ifp=0

longonsilv

[osoab]

Did you just discover wilver?

[gunDriller]

Did you just discover wilver?

the Gold-Wilver ratio is 66+.

in today's Financial Sense webcast, Erik Townsend makes the call that Gold will get up to $1350 -ish, then get knocked down to $1150 -ish.

but not a word about Wilver.

[osoab]

the Gold-Wilver ratio is 66+.

in today's Financial Sense webcast, Erik Townsend makes the call that Gold will get up to $1350 -ish, then get knocked down to $1150 -ish.

but not a word about Wilver.

wilver gets no wove.

[longonsilv]

the Gold-Wilver ratio is 66+.

in today's Financial Sense webcast, Erik Townsend makes the call that Gold will get up to $1350 -ish, then get knocked down to $1150 -ish.

but not a word about Wilver.

I do not believe it will go that low.
I think a bottom has already been carved out but then again
it's anybody's guess!

Silver usually runs more volatile on the down and up sides and
that ratio 66/1 is usually when gold has carved it's bottom and
when gold starts to climb that ratio should start to close.
Again, it's anybody's guess what will happen!

I am still suprised that silver did not move at all on the chart for Friday
but gold rose gradually from opening to close.
Prior to Friday the ratio was about 63/1

[osoab]

http://goldprice.org/charts/history/gold_all_data_silver.png

I think we pass 70 easily.

[Cebu_4_2]

I do not believe it will go that low.
I think a bottom has already been carved out but then again
it's anybody's guess!

Silver usually runs more volatile on the down and up sides and
that ratio 66/1 is usually when gold has carved it's bottom and
when gold starts to climb that ratio should start to close.
Again, it's anybody's guess what will happen!

I am still suprised that silver did not move at all on the chart for Friday
but gold rose gradually from opening to close.
Prior to Friday the ratio was about 63/1

Silver just sucks bro, nothing personal at all. I offed at 42 @ 37 and am proud I did. If I held I wouldnt have a home for my family. Now I have to stash frn's and re-buy at this fresh low to clean up again later.

[longonsilv]

Its one of these assets you should hold on to not as an
investment but in case of an outside chance the dollar collapses.
It is not out of the question with our 17 trillion dept and
the hundreds of trillions in unfunded liabilities already on the books.
If interest rates just go up 5% we will hardly be able to
pay the interest on our dept.
Printing all this funny money does not help our situation
either.
As long as the US dollar remains the world currency we
should be OK, but how long will it remain the world currency?
OPEC is now excepting other currencies where before it was
just the US dollar it would except.
Other counties in their purchases are doing the same.
Does not look good for the old greenback.
They are listening what Uncle Ben of the Fed. reserve is doing
and it is causing these countries to opt out of the dollar.

I purchased a small amount of silver in 2010 for 19 and change
an ounce.
I am still holding on to that same silver because I no longer have
any faith in the dollar.
I hope and pray nothing happens with are dollar but in case
the dollar goes south I have a little hedge.
Just my humble opinion.

longonsilv

[gunDriller]

Silver just sucks bro, nothing personal at all. I offed at 42 @ 37 and am proud I did. If I held I wouldnt have a home for my family. Now I have to stash frn's and re-buy at this fresh low to clean up again later.

Silver makes a great currency with which to buy Gold.

if you think that the GSR will contract to 30 or less ... Silver tends to rise 2% for every 1% Gold rises ... then today you can buy something for about $660 delivered (30 ounces Ag) that can be traded in the future for 1 ounce of Gold.

that's a little like buying 1 ounce of Gold for $660.

but there's an "if" involved. also you have to have enough FRN's so that you don't need to liquidate any PM's prematurely.


the Cartel tries to make the PM markets so volatile that it scares people away.

[longonsilv]

The western banks have this shortage of gold right now but
not silver so if there is a rise in the price of PM the GSR will
not change as dramatically as it has in the past.
I believe in the last run up the GSR was 1/thirties but now
if we experience the same run up it may only drop to 1/fifties.
Still a better return then gold if you buy silver now and if you
sell near or at the peak of the run up.
Thats if silver and gold don't go south from here and that is
a big "IF".
Gee, I have a lot of "IF's" in the above statements don't I!!