Bailout nation is bailout world. Sovereign default means the mighty have fallen, and gold silver full faith and credit isn't just our Constitution's edict backing the value of money, it is the common denominator of value in the modern world.
Lacking credulity, abandoning that standard, means the world is now awash with paper to solve its liquidity problems. US takes the lead, as it should as the senior debtor nation, but follow the leader Europe as it takes it on the chin means all fiat sux.
We need a slow but steady rise, nothing parabolic like 2006, lest we wake the troika of the three banks whose unending supply of dollars would choke off the rise.
There's eight dollars left in SLW. I can wait a year so that bottoms and resistance is formed all along the way.
For the moment panic and parabolic rises sets in, the world is the worse for it.
And we'd best be nimble...
You too. It looks like we're going to have weather in the 80's on the east coast, and while I never am without my keyboard, my new wifi setup lets me pack wherever I am and do research at home in a chair outside or on the beach.
Don't get your bowel's in an up roar YDM.I think you MISUNDERSTOOD my post. I stated you understand the PM market and I agreed with your referance to 1971.About prices and inflation.
I then went on to state that I DIDN't agree with your religous view's or lack there of.My statement about your grandfather being an ameba,WELL withyou alway's ranting aginst all religon my ONLY conclusion can be Darwinism,thus the ameba referance.
I read this board for 2 reason's ,Slw is my largest holding and I enjoy reading your writting much of the time.
So calm down and take another blue one.
I started to doubt I would ever begin to see the leverage i accumulated work for me on silver.
Some really nice moves.
If the may contract on silver, I'm using it because of the volume vs the contract further out, can close above $18.50, preferrably $18.60, then $25 silver becomes a real possibility in my opinion.
Using old numbers and the leverage of 1.6 to silver, this would mean $29 SLW. Does anyone know the new leverage ratio being used for SLW? They may not be using one because they are now producing gold.