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Silver Wheaton Corp. Message Board

  • quailrunrd quailrunrd Dec 27, 2012 3:39 AM Flag

    Don't happy

    We hit the debt ceiling in a few days and Geithner promises, as always, to manipulate the numbers so that our beneficent government doesn't have to curtail it's over-promised spending least for awhile. So....hang onto your hats, don't fret, you're long term unemployment benefits/subsidies that stretch to infinity will keep the furnaces on and the meat on the table. How long can the good ride last? Obama and his gang will promise the moon. But I can't moonwalk and neither can the worker bees. So....keep your boots on, secure your flak jackets, and bury your silver and gold in very secure places. What is real will remain real. What is manipulated will turn to dust.

    Hold onto your SLW shares.

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    • "...Hold onto your SLW shares."

      The gold silver ratio is increasing after bottoming and the 50 dma could soon cross over the 200 dma, indicating that the ratio could then reverse. But we are not there yet. Silver currently is really getting hit, but longs shouldn't cash out with the turn-a-round not too far off. It certainly looks like the silver market is being manipulated because it is smaller and therefore easier to attack as a means of supporting the USD.

      The USD, by the way, seems to be headed up today in Asia, but down in western markets. So there could be a turn-a-round, short term today, in PM markets since those in Asia are now closed.

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