One of the more interesting days in the gold market in a lot of years!
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Who’s forgotten silver? My favorite too!
Big Al
And mine too!
I agree on silver its holding its own pretty well!
Big Al,
Slowly, but SURELY, silver and gold are taking hold in the marketplace. Now, let’s watch, as it asserts itself!
Marc
My sentiments exactly.
Did you see where the Dawgs got killed yesterday by the Beavers. Maybe no NCAA bid!
Big Al
Al:
I think the Huskies will stilll go to the Madness although they may jump up one or 2 positions in the seeding from a predicted 10 to an 11 or12. It was a great game.
Just to let you know that this Coug was cheering for your Dawgs. Not a good year for the Pac 12; I believe that the WCC may have more teams in the March Madness provided BYU gets an invitation………….
No, not a great year for the Pac 12 at all.
Best,
Big Al
Yeah,
I cant believe that. You guys really might get plopped into the NIT…bummer, Big Al…bummer. Believe me, I should know, the Aztecs have been shut out of the big dance on more than a few occasions.
Marc
DU
You, very well could be right!
Marc
It is what it is and the way they played they deserve it.
Big Al
What goes down will come up….and then go down again….and come up again….and go down again…….volatility……learn to love it.
I don’t know about loving it, but I certainly agree with “dealing” with it.
Big Al
Thanks Tex,
I am going to do a Weekend Special on this subject with Bob Moriarty.
Big Al
HI Tex,
The real danger here, in my mind, is what will the ultimate effect of the credit default swaps be on the already staggering international economy.
Big Al
Yep…could this be Lehman II?
Maybe even bigger than that!
Big Al
When I first discovered “the silver story” the prediction was 2020 for silver to be who knows? 1000 – 1500? The last prediction for these levels (i think credible) I saw was 2015. Now Im not predicting these levels, my point is “experts” have moved the time frame up. Not much to go on I know, but, Maybe things are speeding up.
benb….I have seen the same numbers…..not 2020….but,
1000…1500….(silver)…based on the 16 to l ratio….to gold…
if gold hits $12,000 per oz….$1000 will look cheap….think about it…MD..O^OTB
Hey guys,
I have been thinkin about swapping my gold bullion and going with a 80 to 20% silver favored ratio…been thinkin that way for the LONGEST time….still just a thought though!
Marc
I think that is a great idea. I have moved dramatically in favor of silver, incrementally, over the last 6 months. Am now at about 75/25. With the gold/silver ratio still around 50, such a shift looks as appealing as ever. If we get another scary day in the general stock market, you might get a chance to make the swap near a gold/silver ratio of 55-56, possibly even as high as 59 (the 200 wma). Since we can’t be sure, I would opt to do it in tranches (at 51,53,55, etc.).
I understand the ratios Jerry, it was the years I found scary. Maybe these price levels are coming at us like a snowball. Remember this is the first time the whole world has been fiat at the same time. I think thats why everyone is guessing, nobody knows the result.
benb….I agree with you…..Do you think 2020 is to far out…or do you think
it is closer to 2015? ……
I may have misread your first post…
What I know jerry is I know nutin, just a clue I think that they are talking about it happening sooner than they were 2 years ago. But I do think it will happen, the earth does not produce enough silver to keep it supplied at these prices
How powerful the manipulaters are, i have no idea but it seems resonable to me the physical will eventually overcome the paper. I also see the banks wanting a gold backed currency, gold is just the perfect thing to manipulate keeping them years and years in control.
Well, that goes along with what Sinclair was saying….june 2015
HI GUYS….Dont forget my favourite metal……SILVER…its also holding its own