Turd Ferguson is calling a drop back down to the 20s by way of an organised take out: So if his lease rate theory is right, we may see a drop back to the 20s within a month. I don't know how accurate this guy has been in the past, though. However, if it is true, then the lease rate might be a handy indicator for impending takeouts. Which may be a very good time to buy since if the rumours are true that QE3 is coming in March (possible, but just a rumour), then we may get a sharp dip followed by a sharp rise soon after. But all of this is just speculation. Whether it drops or rises, we all know how badly the world governments are destroying the paper money system, rendering it increasingly more meaningless as a measure of value. Gold and silver are therefore insurance first, and everything else is just icing on the top.
Whether paper (now) or the return of PM (wishful thinking), the governments of the world have largely instituted cashless societies anyway. Perhaps this move to plastic cards may be bigger behind the scenes than most of us realise? ie the solution to the debased paper currencies may be NO circulating cash what-so-ever. :|
It hit right on that 34.44 its resistance and has once again leaked lower this may be the time for the next leg down unless it can break that 34.44 level in European trade today
how many times have I heard that one before It always amazes me - just touching on one subject "Greece" I hear if the Greeks default the spot will rise or is it fall? or if Greeks get approved and accept the bailout the spot price will fall or is rise? it's driving me around the bend just waiting. I know I could never be a fisherman or watch cricket because I have no patience.... :lol: Give me an old fashion Tsunami any day then we'd have a result I wish it would just make up its mind and I'm already hearing the come back -- "be carefull what you wish for"
Well the gold & silver price in Australian dollar has risen more sharply than the US and Euro. It seems that finally our government might be trying to get our exchange rate back down. What does everyone else think?
I'm going the opposite..$35 Us...Why.. JP Morgan has just inherited a heap of silver from the collapse of Kodak...Can sell it now.. make a tidy packet selling ar good prices and trick everyone into thinking that silver is on a run again..When its all sold, then comes the slide. Lets see how it plays out...Heads JP wins, tails we loose. Regards Errol 43
$34 & not much chatter on it! What gives? The devils metal has blown past some major resistance points lately, & seems to me that its just tuff titties from the tribe. I thought there would be a little bit more screaming in the streets......
still the same as before......ok....just over $1.00 movement over the day.......but predictable considering all the announcements........i'll get somewhat excited if we start seeing jumps of 3-4-5 dollars over the week....
It's been 2 years on since I started this thread. I'm very glad that the silver price played out as it has. It's allowed me to accumulate over time, at prices I regard as most reasonable. My stack is much more respectable, than what it was back then. For me, buying precious metals has stopped being about "to da moon", and has become a comforting insurance against who knows what.
