Apr 20, 2011
"NO TIME TO BAIL OUT..." Rick Ackerman
Thursday, April 21, 2011
John Embry - JP Morgan Massive Short Position Causing Silver Spike [April 20, 2011]
When asked about the relentless climb in silver Embry stated, “Well there are three factors I think. We’ve talked in the past about this massive short position that is held by JP Morgan Chase in particular. I mean this is becoming I think a huge millstone around their neck and if you don’t understand that I don’t think you can appreciate the upside thrust in this.
Now you superimpose that on the fact that the investment demand and the industrial demand are robust and are outrunning the available supply, so you’ve got a great supply/demand situation. And then you put that against the backdrop of monetary debasement which I think is probably ongoing and probably intensifying and you’ve got the perfect storm. I mean these people that are trying to pick tops for silver I think are making a mistake, I think it could go anywhere on the upside at this point.”
Read Full article at ORIGINAL SOURCE
Now you superimpose that on the fact that the investment demand and the industrial demand are robust and are outrunning the available supply, so you’ve got a great supply/demand situation. And then you put that against the backdrop of monetary debasement which I think is probably ongoing and probably intensifying and you’ve got the perfect storm. I mean these people that are trying to pick tops for silver I think are making a mistake, I think it could go anywhere on the upside at this point.”
Read Full article at ORIGINAL SOURCE
Wednesday, April 20, 2011
Market Nuggets: Deutsche Bank Anticipates Further Decline In Gold/Silver Ratio
19 April 2011, 02:04pm
By Kitco News
By Kitco News
(Kitco News) -- Deutsche Bank sees potential for the gold/silver ratio to fall further, which would indicate outperformance by silver. The ratio is determined by dividing the price of an ounce of gold by an ounce of silver. Shortly before 2 p.m. EDT, it stood at 34.11. “In our view, fiscal worries in the Western world and inflationary fears in the emerging markets will sustain precious-metals risks to the upside,” Deutsche Bank says. “The gold-to-silver ratio has fallen below 35, which could move towards 30 in our view. Historically, during periods of high inflation volatility, gold-to-silver ratios typically ranged between 30-40.”
By Allen Sykora of Kitco News
Tuesday, April 19, 2011
$50 silver - The Price Point of Liberty [By: Jack Mullen 18 April, 2011]
"That point is here today, and I think the signs are clear: gold is approaching $1500 and more importantly Silver is about to smash through the most protected price in the history - $50."
Read full article HERE
Read full article HERE
James Turk - Negative US Credit Watch Signals Dollar Collapse [April 18, 2011]
When asked about silver specifically Turk remarked, “Eric it is going from strength to strength. Silver tried to correct today and for a brief while it was down almost $1 from the day before, but when the smoke finally cleared silver ended up on the day closing at a new 31 year high. We are closing in on our $50 target and while I thought it was going to happen before the end of June, the strength that silver is exhibiting indicates to me that it could happen within a couple of weeks.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
Monday, April 18, 2011
Dollar faces collapse [April 16 2011: by Samuel Jaberg, swissinfo.ch]
The United States greenback has become the biggest speculative bubble in history and will soon go the way of the dinosaurs, warns Swiss financial journalist Myret Zaki.
In her latest book, Zaki says that the euro’s future is much brighter and that attacks against the currency are just a smokescreen aimed at hiding the collapse of the American economy.
“The collapse of the American dollar… is inevitable. The world’s biggest economy is nothing but an illusion. To produce $14,000 billion of nation income, the United States has created over $50,000 billion of debt that costs it $4,000 billion in interest payments each year.”
Read more @ ORIGINAL SOURCE
Saturday, April 16, 2011
Is Gold the New Black? States look to Bring Gold Standard Back
Utah is First State to Recognize Gold and Silver as Legal Tender, Inflation Worries Loom
By Huma Khan
April 15, 2011
Starting in May, Utah residents will be able to shop in a currency other than the dollar--gold, something that hasn't happened since 1933. Utah became the first U.S state last month to recognize gold and silver coins minted by the federal government as legal tender...The move, proponents say, is caused by declining faith in the U.S. monetary system and concern about rising inflation.
Read more @ ORIGINAL SOURCE
By Huma Khan
April 15, 2011
Starting in May, Utah residents will be able to shop in a currency other than the dollar--gold, something that hasn't happened since 1933. Utah became the first U.S state last month to recognize gold and silver coins minted by the federal government as legal tender...The move, proponents say, is caused by declining faith in the U.S. monetary system and concern about rising inflation.
Read more @ ORIGINAL SOURCE
Friday, April 15, 2011
Goodbye $42...
Submitted by Tyler Durden on 04/14/2011 16:10 -0400
Silver is now trading at $42.10: the highest price since 1981, and ever closer to the all time Hunt Brother high, which is now just over $8 away. At this rate, and if Bolivia indeed nationalizes its silver mines, we give it a month for a new all time notional high in the metal.
See ORIGINAL SOURCE
Silver is now trading at $42.10: the highest price since 1981, and ever closer to the all time Hunt Brother high, which is now just over $8 away. At this rate, and if Bolivia indeed nationalizes its silver mines, we give it a month for a new all time notional high in the metal.
See ORIGINAL SOURCE
Thursday, April 14, 2011
Euro Falls against Gold & Particularly Silver [Resource Investor: Published 4/14/2011]
By Mark O'Byrne
Gold is tentatively higher against the euro but mixed against other currencies, while silver is higher again in most currencies. Both probed upward this morning and are exhibiting signs that they may push higher prior to a much anticipated correction.
The Greek 10-year yield has just surged over 13.2% and this is leading to falls in the euro and risk aversion with equities, commodities and oil falling.
Both gold and silver are less than 2% from their record nominal highs seen Monday (gold all time and silver 31-year) and are remaining firm due to concerns about the US dollar, the euro and sovereign debt issues in Europe.
Read more @ ORIGINAL SOURCE
Gold is tentatively higher against the euro but mixed against other currencies, while silver is higher again in most currencies. Both probed upward this morning and are exhibiting signs that they may push higher prior to a much anticipated correction.
The Greek 10-year yield has just surged over 13.2% and this is leading to falls in the euro and risk aversion with equities, commodities and oil falling.
Both gold and silver are less than 2% from their record nominal highs seen Monday (gold all time and silver 31-year) and are remaining firm due to concerns about the US dollar, the euro and sovereign debt issues in Europe.
Read more @ ORIGINAL SOURCE
Dollar Slides on Asia, Europe Monetary Tightening; Silver Gains [Thursday, April 14, 2011]
April 14 (Bloomberg) -- A gauge of dollar strength dropped to a 16-month low as the prospect of monetary tightening in Asia and Europe sapped demand for U.S. assets. Concern that global inflation is accelerating drove silver toward a 31-year high.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
Indian Investors Switch to Silver From Gold [APRIL 13, 2011, 8:36 A.M. ET]
By BIMAN MUKHERJI, online.wsj.com
"Ordinary investors are buying silver as if there is no tomorrow," Suresh Hundia, president emeritus of the Bombay Bullion Association, told Dow Jones Newswires. "Many people are selling their gold and buying silver because gold has not given them as good a return."
READ MORE @ ORIGINAL SOURCE
Wednesday, April 13, 2011
Tuesday, April 12, 2011
Sunday, April 10, 2011
Famous Quote
There can be a temptation to sell when you see price of silver so much higher than they were just a few months ago, but that is more of an emotional response rather than a logical one. What you need to focus on is value, not price.
The line from the great Jesse Livermore really applies here: “Be right and sit tight.”
The line from the great Jesse Livermore really applies here: “Be right and sit tight.”
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