I dont think so, i think they look undervalued, which has been the case since 2011. Stocks lead the metals lower, a principal some people told me, but i now understand via (painfull) experience
Here's another one for free. Gold the metal is undervalued as well, and it will be going much much higher... $2500 or so... just not yet (maybe not even on the first try through 1550)
I'm just curious. If gold indeed goes to such levels (above 3000), wonder where silver will be then. (Wishful thinking)
Well even a really modest comparison is 50:1 ratio 3000 gold = 60 silver (at 1:50 respectively) 2500 gold = 50 silver (same ratio) 40:1 is 75 and 62.50
The further it drops the more likely the COMEX defaults and that physical breaks free of fractional paper imho.
Anything around $1K for Gold tramples PM investment confidence and puts Silver at around $12. Less than that will drive Silver back into single figure territory. Good buying opps coming in 2014 perhaps? Conversely it could be time for conflict. I don't think for a second that the US is afraid of China and a territorial war that begins in the South/East China Sea involving Japan, Taiwan and South Korea would be shyly welcomed, eagerly supported and timely. Then Citizens will flock back to PM's as their national currencies fail through massive debts incurred for making war.
Watch for the stocks that 'melt' up over the next two weeks... we are close to a minor or major trand reversal... but probably not until jan
It turned out to be close - but not close enough for me to consider myself to be correct. thanx everyone. make sure you watch the Dave Morgan video for Morgan Report Members ive posted (with permission by Dave himself) in the stocks and derivatives thread
What is happening at the moment is a steady gold outflow from ETF's. To give an idea (ounces): - Ishares: 2012/11/29 11.390.401,627 2013/04/04 9,273,449.210 2013/04/15 6,653,361.502 2013/06/04 6,008,292.566 2014/01/03 5,202,863.459 - SPDR: <missing older data> 2013/08/06 29,486,937.62 2014/01/09 25,499,636.02 If I would use post big collapse mid april 2013 as a reference for the selling rate: IShares -1,450,498 ounces over about 260 days, so 5,580 ounces per day. SPDR -3,987,301 ounces over about 150 days, so 26,580 ounces per day. At these rates, and with the remaining stocks, IShares runs out over 932 days. SPDR runs out over 959 days. This is a remarkable coincidence of about same run out dates between these 2 different ETF's. Assuming a middle of 945 days, this is over 2,59 years. So, based on this approach to predict our dear future, the gold sideways would last until somewhere mid 2016.
