Yes sir, well done and Congrats to all longs today. Glad we got our fills at the low yesterday. Agreed, still think there is a lot of upside here. Don't have a bead on the Wave 1 data points yet, which is just fine by me as that means we keep running...hee hee.
Fair value around $200 for silver and $300 for SLW.. Dont know how true it is but a newsletter I got says China to back the Yuan with gold come April. Lets see what the fiat monopoly money is worth in silver then.
John Doody - Resolution: Stay the Course – Big April Surprise for Gold
“The fundamentals continue to be good for gold, whether it is US policies or Fed reserve policies, I think there is a big surprise coming to the market next April from China,” said John Doody, editor of the Gold Stock Analyst and a former professor of Economics. In turn, Doody’s resolution is to stay the course.
Doody said April should prove to be interesting since China’s central bank is expected to report its gold holdings, a pattern generally repeated every five years said Doody. According to international statistics as of December, 2013, China's gold holdings stood at 1,054 metric tons gold; the holdings haven't changed since 2009.
“I think they will show a substantial increase and when people see that the second largest economy is interested in holding gold, it will change some people’s attitudes,” Doody said.