Like I was saying, Silver is set to out6pace Gold as it is lagging at a %50 discount to Gold. Expect a spike in SLV near term. Watch the profit takers in Gold come over to Silver due to the Gold/Silver Ratio. You know when the Bears are calling for $24 to $25 Silver that we are getting ready for a massive breakout. For each 50,000 shares of SLV bought the trust buys a basket of Silver. SLV is loaded with Silver stored in England. 50k shares of SLV = A BASKET.
SLV has a value of $30 and a high correlation valuation of $45
SLV closed lower than the price of Silver FYI.
Cramer says Silver to break out. Demand on a Global level is goingto run SLV. Get your seat belts on.
LOL! He is a guy that ran a hedge fund and now has a show on CNBC called Mad Money. Oh, and he has a small web site called thestreet.com
Stick with my calls and will do fine........LOL!
Unless you know the guy don't bash him. He has made many people millions on a shoestring. A for his Silver Call. I e-mailed him and gave The Street the information that has been posted here by me. Anyone can call Silver now, it is the easiest call in the market. Silver is valuated at $30 to $45 and SLV is in the low $20's. SLV is a no brainer. BTW, FYI Cramer once was a poster here like many of us are. Remember what I said about KHGT, it's up another %15 today, that is a %100 gain over the last 5 trading days since I first posted it. There is only 2 more trading days to get the 1 share dividend for each share owned. SLV is lagging Silver by $.50 per share. In our SLV account each 50,000 shares that we buy is a basket and the funds are used to buy Silver in London and then stored there or shipped elsewhere for storage.
Strong Buy on SLV, KHGT, and Cramer.
It is really, really worrisome when Cramer gets involved. He is the quintessential sign that a particular market is approaching a top, no joke. I have had particular stocks and other investments of mine Cramerized at least 10 times since 2002, in which I owned something, watched it take off, and then one day Cramer told his jacka$$ following to jump on board, and within a week the whole play was over. If I was trading silver, as opposed to letting it sit in my safe for 20 years, I would be truly worried at this development.
I agree completely...just read an article where the guy thinks you should take profits after recommending it only a few weeks ago...what do you think?