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Archive for the ‘SILVER’ Category

Fear & Loathing in the Sovereign Debt Markets

July 20, 2011

Hunter S Thompson would love the scene, macabre and getting worse…   When big banks were caught with loads of toxic debt on their balance sheets in 2008, political leaders on both sides of the Atlantic took the easy way out, transferring those debts to government balance sheets, not unlike when a little kid cleans […]

Silver – Measurements of the Move, Outlook

April 19, 2011

Let’s look at where silver has come from in the last few years: July 2003:  One last chance to buy at the absurdly low price of $4.50…you could buy silver at over 90% cheaper than its Jan 1980 high of $50…23 years later. Silver trading at less than 1/10th the highs!!! And it’s been nothing […]

Silver Mine Accident

April 17, 2011

There was an accident at a Hecla mine in Idaho Friday April 15, and a miner is trapped under what is guessed at as “quite a bit of debris” by the company. A sad reminder that silver mining, like all mining, invloves great engineering feats but remains an inherently dangerous, costly process…unlike printing currency and adding electronic zero’s to the TBTF bank […]

Silver at $40.00!!!!

April 7, 2011

For those that haven’t noticed yet, silver has finallly hit $40…and with no signs of weakness…powering thru old highs, bolting thru $40…fundamentally undervalued…. silver is the obvious play for years…1.0% of  total govt debt ($14.3t) is more than total silver(1 yr mine supply + all bullion/coins)….silver is still the play at these levels….

Silver – Onward to New Highs

April 4, 2011

Silver is $38.50 as I type this…new yearly highs up over 20% now in 2011, after closing at an all-time quarterly high of $37.87 March 31st…besting the Q4 1979 close of $32.50.  Today on CNBC Bertha Coombs talked of silver’s huge popularity right now due to its dual nature as a safety valve in crisis and inflation, while […]

Bernanke Chat

March 1, 2011

So he talks to congress today (3/1) and has the nerve to say that if inflation gets to over 2% in the U.S., he’ll be concerned, but it isn’t there now so he’s fine leaving policy/rates where they’re at. Really, Ben? Inflation is under 2%? Oh yeah, in the make-believe, no-food, no-fuel world that he […]

Silver Busting Loose

February 17, 2011

As I type this, silver is surging over $31.40 towards 30 year highs…this move has happened quickly since the $26.50ish bottoming in late Jan. Backwardation in futures contracts started around 10 trading days ago and has only worsened, with the 2015 futures contract at a 40 cent discount to spot – totally out of the norm when […]

Gold & Silver

January 26, 2011

“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.” From “Gold and Economic Freedom” a 1966 Essay by Alan Greenspan

Silver Selloff

January 24, 2011

Silver is now down to 26.75…in my mind, a great buying spot. Silver’s explosive move to close 2010 was basically from 18 to 31 – a 13 pt move (up 72.2%). If you experience a healthy 33% retracement of that move from 31 (down 4.29), you get to 26.71. Here we are – 1/3 of the […]

Precious Metals Update

December 7, 2010

First things first: SILVER IS OVER $30!!!! Yes, my favorite metal, and now yours as well, has crossed the $30 mark for the first time since 1979/80 when it was on its way to $50/oz.  Gold is around $1,406, Palladium got up to $770 before backing off to $730 (good article on palladium), and Platinum […]