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Sprott Physical Silver Trust ET (PSLV) Message Board

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  • buzz60016 buzz60016 Mar 5, 2011 3:04 PM Flag

    WAY OVERBOUGHT!

    CRIMEX is in hot water.

    But as usual, the crooks on Wall Street will change the laws, or get a bailout.

    The US hold 8000 tons of gold. That is the reported amount. Tungston or not, 8000 tons of gold is a lot.

    When gold gets to $3000 or $5000 (IT WILL) The FED will start selling its gold holdings. The FED would sell silver, if it had any.

    When the FED starts selling gold in 500 TON lots, the price will both gold and silver will come down. The bubble will pop.

    But until then - enjoy the party.

    The price of both gold and silver will double from here. An easy double.

    Easy double
    Triple is a far fetched

    Some will make a lot of money here. Most will forget to sell at the top.

    The real fools, those who wait to buy at $50 or $60, then hold all the way back down.

    How high will PSLV go ?

    $30 or $40 max.
    PSLV is trading about half of spot.

    -----------

    Could silver go to $150?
    Anything is possible.

    If you knew the cost to mine silver - then you know $100 is not probable, at least not in our life time.

    Time will tell

    But for now - Silver, Gold, and OIL is a buy.

 
PSLV
7.09+0.07(+0.98%)9:55 AMEDT

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