Well, 59mins and 2 seconds [youtube]http://www.youtube.com/watch?v=0Tw0ASnU7HA[/youtube] Full transcript available here
Peter Schiff also said he thought we would never see Silver under $30. Just more proof to not take these experts statements as fact.
I think you need to keep in mind this was 2 self interested banks selling impossible contracts in a paper market. Just wait until paper silver goes to $9. Try and buy.
I did listen, but it was time for a nap. Soothing, but words that he has sprouted in the past. Had a good quite time & dozed off while listening. Interesting times, but for this member, just white noise on the PM highway. I look at years not days....
Re: Hidden Secrets of Money Mike Maloney: There are six episodes in the can. We do not have an established schedule. There is a tremendous amount of cost that went in this. We sort of need the markets to participate with us when we release them to get any of our investment back. So the release schedule is going to have to be somewhat fluid. Unlike most productions, we did not make this to sell it; we made it to give it away. We are an education company that funds itself by having a precious metal dealership arm. And I like this bit...in the hour long interview ... Right now we are in this consolidation that you originally asked about when we started this conversation. Gold has been chopping sideways for 19 months now, and it has worn people out. But basically gold is up. It is not up from 19 months ago when it was nearing $2,000, but it sure is up over the last decade. So I do not let the short-term noise affect me now that I know that we have not reached the point where the price of gold equals the points on the Dow. Right now gold's value is one-ninth of the Dow, and so I know that it needs to rise by a factor of 18 against stocks before I need to get worried and start watching gold. So I am very comfortable in these pullbacks. It gets a little aggravating, but still it does not bother me that much and is definitely not going to flush me out.
what do they say "trend is your friend" ? if so, it's time to really consider another direction perhaps. I'm wondering am I one of the band members of SS'ers on the titanic... :| or if I hear that saying "it's a bull market" in the future I'm going to erupt. Yea right any market would appear to be a bull market if you go back long enough. As you can sense with my tone, I'm starting to wane here
