Silver going exponential : what these market commentators do not get is that SILVER is not just a commodity to speculate on , SILVER is money real money , it is not really the price of silver going up as much as is the value of the dollar falling down by the minute cause Bernanke is flooding the market with yet more worthless paper money . Silver and gold are MONEY always were and always will be , this 41 years of FIAT currency experiment is coming to an end and people are starting to wake up to the fact that only silver and gold are money ...please keep on hoarding silver price is going over $100 before the end of this year the genie is out of the bottle and there is stopping it ...LOL...
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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Thursday, April 21, 2011
Silver going ballistic
Silver going ballistic : Is the dollar drop fueling corporate earnings. The dollar index falls to its lowest level since August 2008 . Also, a discussion of tech earnings from this week, is the dollar broken for good, how high can silver go.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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Silver
Bob Chapman - JPM and HSBC sold 45 ounces of silver for every ounce of silver they own
Bob Chapman - A Marines Disquisition - 04-21-2011 : we have a crisis in the middle east created by our government the Brits and the french , now they are talking about sending the NATO troupes in Libya because they want to go and steal everything , we should be defending America not attacking other countries says Bob Chapman the International Forecaster , I own a lot of silver says Bob , my cost is $19 /oz on average , I bought some silver this morning because I believe it is going considerably higher , what the market is telling you is that there is a terrible problem out there and it is not being solved and that problem is JP Morgan Chase and HSBC are short , they can't cover their shorts that means they've been betting silver is going to go down and right now at that price over $46 an ounce they're offsite they are losing 90 billion dollars now somewhere along the way they to call a force majeure and what that means is : we can't deliver and what they is they leveraged their bet on the short side and for every ounce of silver they had they sold 45 , which normal is 9 in fractional banking they're trapped and they can't get out ....
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