If my wave analysis of short term mrkt act is rite then v cld see a fast upmove to $40 - 43 levels. However SLV would have 2 trade above $31 for 2-3 days

Based on Gold silver ratio as explained earlier on the blog silver should do $33-35 very quicikly where it faces resistance.

SLV testing all time highs at $30.75. If we can trade higher for a couple of days, we could see a very big upside

Silver looking to tread firmer after posing a while. $ index weakness and cessation of IMF gold sales to support higher prices

Wishing everone a Merry Xmas

listening to Bruce springsteen - memories of childhood

On curency wars,
http://www.chaostheorien.de/artikel?p_p_id=101_INSTANCE_haR1&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&p_p_col_id=column-3&p_p_col_pos=1&p_p_col_count=2&_101_INSTANCE_haR1_struts_action=/asset_publisher/view_content&_101_INSTANCE_haR1_redirect=/&_101_INSTANCE_haR1_type=content&_101_INSTANCE_haR1_urlTitle=the-central-banks-dont-consider-it-manipulation-they-consider-it-part-of-their-job&page=1

Gold is now good for a $150 -200 point move. Silver should do $ 35-36. Short term. However in INR terms. the preformance might be more subdued due to INR apprecialtion but nevertheless good upside.

Watch d $$ get fcuked over d next month. Wid d sharks @ 2 finish their campaign against d Euro, nows the turn of d $. Watch d news headlines for sudden concerns on d $$. Another glorious trade with GLD and SLV

A funee video on Max Keiser versus JP Morgan. Slightly dirt but hilarious. Watch repeatedly
http://www.verisign.com/trust-seal/index.html?sl=NJA2Y-0000-01-00

The Boiling Frog Syndrome goes something like this: "If you throw a frog into a pot of boiling water, he will jump out. But if you place a frog into a pot of cold water and and turn the heat on low, it will float there quite placidly. As the water gradually heats up, the frog will sink into a tranquil stupor, exactly like one of us in a hot tub, and before long, with a smile on its face, it will unresistingly allow itself to be boiled to death. Now I'm not sure this really works with frogs, (I couldn't bring my self to find out), but I am certain that it works with people. I believe that we are all sitting in a big pot and the water is beginning to boil.

Reasons why you should not trust ETFs and Banks with your GLD purchases. Its very unlikely that they have d the GLD to deliver. http://www.businessinsider.com/jim-rickards-take-gold-out-of-the-bank-2010-12

Americans are getting stronger. Thirty years ago, it took two people to carry ten dollars worth of groceries. Today, a five year-old can do it."

“It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford

After the tiger save SLV
Wit slv mining reserves depleting d overhead gld slv reserves ratio become more meaningful & at 360:1 it clearly indicates dat slv is far far rarer than gold. While its preposterous 2 think dat slv price wil b 360x gld, it truly justifies dat silver should b equally imp as a store of wealth in time. After d extinction of many species of life, silver is threatened 2 b d 1st metal to go extinct. After save d tiger, its slv

The future of America
Viewer discretion advised
http://www.stansberryresearch.com/pro/1011PSIENDVD/EPSILC33/PR?o=221144&s=223682&u=51816182&l=192232&r=Milo

QE is the printing of as much money as it takes to protect d interests of d elite & speculatorss; while d man on d street bears the cost thru hyper inflation

Silver default very likely on COMEX
Watch this link
http://watch.bnn.ca/tuesday/#clip104603

Critics argue that an alternative will be found to SLV for industrial demand. Im not so sure coz if that was the case then an alternative for oil would have been found a long time ago. We still continue to guzzle oil despite knowing supplies are limited

SLV rare than Gld - not kiddin at all !!!
Surface reserves of GLD are 5.4 tr oz (168000 tons) while surface reserves of SLV are in my opinion @ 15 bn oz (as per SLV investment gurus only a paltry 1 boz)
& all the mined silver disappears as it is consumed by industry. Infact the investment demand is now competing fircely with desperate industrial users

SLV's a vital metal, known 2 all men 4 all time, literally disappearing b4 r eyes, both above & below ground. Its a miracle metal, beyond indispensable, upon wich modern life & rising stds of living r dependent.

Did u knw dat 152 days of SLV prodn has bin sold short. Industrial users have pressd d panic buttn n r buying a year's supply (industry norm 15 days inventory). This itself should make the price scream

Wat is the target price for SLV. Its very simple use your imagination and then double it. SLV is going firs tto the moon and then beyond Pluto

Humans don't like 2 buy things dat r cheap & undervalued; they buy things dat r expensive, hot, and "all d rage." dat is just d way d human investing herd operates. D real reason SLV is a sleeping giant is coz d PEOPLE r a sleeping giant. And a case can be made dat this giant is waking up to rediscover exactly what constitutes its money.

Gold accounts for 1.6% People’s Bank of China reserves. About time that the central bank started bidding up the price

Global investment demand for Gld of 1901 mt last year exceeded jewelry consumption of 1,759 mt 4 d 1st time in 3 decades, as per research firm GFMS

China Gld imports jumped 500% to 209 mt in d 1st 10 months vs 45 mt for all of 09. This is a big surprise given dat China is d world’s biggest Gld producer.

Volley of gold nuggets to follow as micro blogs

1 hellofanopportunity 2 level d gr8 rich - poor divide - 2 bankrupt d banks, 2 bring their "great riches to nought", all the world needs 2 do is BUY SILVER!

Must read Silver rush grabbing epic proportions http://www.guardian.co.uk/commentisfree/2010/dec/02/jp-morgan-silver-short-selling-crash

Reasons GLD will go ballistic in 2011.
- Chindia are huge buyers
- ETF explosion sets off in China
- credit to breach $7.5 tr in China is inflationary
- imploding Euro to further the shift to GLD
- IMF sales not slowing down GLD purchase so once IMF stops selling prices should screech

Earth is getting the small pox - PIIGS, now Koreas and soon 2 b followed by US, UK and Japan. Wonder whether even GLD and SLV appreciation can even save her

America will always do the right things, but only after exhausting all other options - Winston Churchill