David Morgan ..what's happening is reflective of the currency problems the dollar particularly cause it is still the reserve currency of the world , Silver is under fire for quite sometime increasing by almost a buck or more a day David Morgan explains , uncertainty in the market distrust of the US dollar are going to propulse gold and silver prices even higher , the dollar as any other FIAT currency is going to collapse, what is worrisome is that the US Dollar is the world's reserve currency ...
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)
Monday, April 25, 2011
James Turk : silver is still a cheap form of gold
James Turk of Gold Money Report talks about Gold and Silver 's slow day. Mr. James Turk reveals that he sees no resistance after Silver breaks through the historic $50 barrier.
James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Bob Chapman - gold and silver options will be worthless in case of a default of JPM and HSBC
Bob Chapman - Power Hour - 04-25-2011
Bob Chapman :..I think there will be a default between $55 and $60 dollars (an ounce of silver ) and of course the higher the number is the bigger the default...the American public won't be happy about the FED forking something like 90 billion dollars to bailout JP Morgan Chase says bob Chapman of the international forecaster , not in a time of budget cuts ...in case of a default they will have to shut down the silver bets and may be even the gold bets in the COMEX , secondly gold and silver options will be worthless if the counter party is HSNC or JPM , thirdly this will send the derivatives market upside down ...fourthly the LBMA in London will have the same problems as the COMEX , and finally SLV and GLD ETFs which do not have the amount of gold and silver they say they have and they are holding those contracts ...the price of silver and gold are going to go exponentially higher...
Subscribe to:
Posts (Atom)
