Wednesday, July 20, 2011

Andy Schectman : Silver out selling gold 65 to one

Andy Schectman Miles CEO of Franklin Precious Metals says "we are seeing a tremendous demand for silver in fact silver eagles are out selling gold eagles and buffaloes 65 to one " the demand for silver is higher than that of gold and remains strong despite the drawback that we saw in May . "Silver is a Powder Keg Waiting To Explode" Andy Schectman says , silver has been more manipulated than Gold , the Silver to Gold ratio could come down to a single digit number says Andy , the big money in Europe is very nervous to what happens to the euro so there is question that some of that money will move into the safe heaven of Gold





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold pull-back in the last 2 days is due to profit taking

Will Rhind, Head of U.S. Operations at ETF Securities after Gold has broke the $1600 it has pulled back a little bit due to some profit taking says Rhind :" what we are seeing is Gold gone to $1600 which is a new all time high for gold and since then in the last couple of days it has pulled back a little bit , and if you look at the trend of gold in the last couple of years what we typically see is when gold has made a new high such as the $1600 level it has been subject to profit taking and therefore the price retraced a little bit from its all time high "





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)

David Skarica Gold to Rise Dollar to weaken

David Skarica is a Gold stock adviser is bullish on the Gold "with the US printing as much money as it is and Europe trying to resolve its debt crisis , the flee is to gold " says David Scarica " and I think this shown since the euro crisis begun to boil up again in June with the downgraded debt ib Greece and what not " what we are seeing is a rush to gold because of the debt problems in both the US and Europe , Gold will continue to be a benefactor of that




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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