Hi again,
Read this interesting artical from seeking Alpha
http://seekingalpha.com/article/1559...cro_view&ifp=0
longonsilv
Hi again,
Read this interesting artical from seeking Alpha
http://seekingalpha.com/article/1559...cro_view&ifp=0
longonsilv
Did you just discover wilver?
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.
HelpStopLASIK.com
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
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
http://goldprice.org/charts/history/...ata_silver.png
I think we pass 70 easily.
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
steel_ag (20th July 2013)
Jackie did it and you know it!
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
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.
Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.
HelpStopLASIK.com
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!!