bottoming process in progress
#1
Posted 12 February 2014 - 11:38 AM
#2
Posted 12 February 2014 - 12:29 PM
#3
Posted 12 February 2014 - 12:45 PM
from the very beginning of the bull market, i have stated that i dont think silver will do as well as gold. to my knowledge no cb holds silver. @times silver will lead due to its speculative nature . i view silver as much much more risky than gold. it was locked limit down for weeks in 80, once th etop was in. dont fall in love w/silver. it will do well but, when it tops , lots of profits will be given back in a hurry
dharma
IMO it will outperform on a percentage basis as it did from 2000 to 2011, whether it keeps the same ratio as it did on that run from lows to highs I do not know. It usually lags in this stage and could do so for a while, however they will ultimately move together IMO. Gold went from 250 area to 1920, silver from 4 to 49.
Senor
#4
Posted 12 February 2014 - 02:02 PM
from the very beginning of the bull market, i have stated that i dont think silver will do as well as gold. to my knowledge no cb holds silver. @times silver will lead due to its speculative nature . i view silver as much much more risky than gold. it was locked limit down for weeks in 80, once th etop was in. dont fall in love w/silver. it will do well but, when it tops , lots of profits will be given back in a hurry
dharma
IMO it will outperform on a percentage basis as it did from 2000 to 2011, whether it keeps the same ratio as it did on that run from lows to highs I do not know. It usually lags in this stage and could do so for a while, however they will ultimately move together IMO. Gold went from 250 area to 1920, silver from 4 to 49.
Senor
#5
Posted 13 February 2014 - 08:57 AM
johngeorge
#6
Posted 13 February 2014 - 10:36 AM
#7
Posted 13 February 2014 - 11:17 AM
firstly i read the gld prospectus years ago, what i remember is they dont have to have the physical gold the fund is owned and operated by the banksters. one day, down the road , there will be a surprise here.
my point about silver is , the market is mostly owned by speculators. no cbs hold silver. when the game is up 6yrs or so down the road. the exit door will not be wide enough.
what most dont understand. the chinese are promoting their citizens to own gold it is not a trade for them. it is a hold , they have been through currency upheavals before. for indians it is part of their religion.
the bull will gain its legs from the east . it is where the tonnes buyers are. the comex is a fractional exchange. where the exchanges in the east , set up and being set up are cash. the game is taking shape. it all takes time.
i do think this leg has more to go. i think some froth has to develop. meanwhile the bugs sit huddled in the corner for fear the next shoe is going to drop . and the trio of banksters call for 1033 . of course who knows their position.
and all the while the mountain of debt climbs.
dharma
dharma
The GLD as you described is as I understand it to be. What a racket banksters have!!!!
Silver, IMO, is foremost an industrial metal and I believe much of its movement is related to copper. They appear to me to correlate well. Gold, the physical metal, as you point out, is investment and insurance with very little industrial use and I have never heard of central banks holding silver either. You have regularly pointed out the "noise" at these gold price levels and I agree with you there as well. My line in the sand for gold to resume the bull is 1358 and a confirmation @ 1534. Meanwhile I do have a short term buy on gold @ 1264. Regards silver I have a short term buy @ 20.18 with a bull resumption @ 22.50 and a confirmation @ 22.93. Will know in the fulness of time.
Thanks for your posts and insights. Always most appreciated.
johngeorge
#8
Posted 13 February 2014 - 11:34 AM
Edited by senorBS, 13 February 2014 - 11:36 AM.
#9
Posted 13 February 2014 - 11:53 AM
#10
Posted 13 February 2014 - 12:35 PM
i am thinking we could be finishing the 3rd here. but , its a work in progress. bottom line , i think your upside target is realistic. and i think silver wakes up soon. catapulting , trapping the bearsif gold is in a daily third wave which IMO is becoming more and more possible then 1350 could be reached very quickly, and if that happens it will likely occur with silver finally breaking out above 20.30-20.50 resistance and quickly rallying to 21.50 area
BSing away
Senor
dharma