General Discussion Undecided where to post - do it here. |
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Good article talking their book - a book I happen to like!
Bits and pieces from Turk, von Greyerz, Sinclair and Grant. I read all these guys and the consensus is silver and gold are now beginning to kick ass and take names. Time will tell. |
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It will be interesting to see if silver gets back near $50 within the next 9 months. I wouldn't be surprised if there's a failure at the second shot at $50, in the same way that it took gold a third attempt to bust through $1000. $50 will probably be heavily defended, because it's such an important price lid. The next real boundary is the psychological barrier of $100, so there would be plenty of room for the price to roam above $50. I would expect some furious price swings (up and down) in that $50-$100 range. The next psychological barrier after that is the inflation-adjusted peak, which right now is about $140.
For gold, the inflation-adjusted peak price is currently around $2450. My year-to-year analysis indicates that is a reasonable interim peak for 2012-2013. What's interesting is that a 50:1 ratio on $2450 gold puts silver at $50. If the ratio were to compress to its 2011 low of 32:1, that would put silver in the $75-$80 range. But as TT says, these are just numbers compared to the long term reliability of the asset. |
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#5 |
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It will be interesting to see if silver gets back near $50 within the next 9 months. I wouldn't be surprised if there's a failure at the second shot at $50, in the same way that it took gold a third attempt to bust through $1000. $50 will probably be heavily defended, because it's such an important price lid. The next real boundary is the psychological barrier of $100, so there would be plenty of room for the price to roam above $50. I would expect some furious price swings (up and down) in that $50-$100 range. The next psychological barrier after that is the inflation-adjusted peak, which right now is about $140. like if GSR was 40 to 1 for the last run, gold was like $1930 or so This time when GSR hits 40 to 1, Gold will be like much higher, maybe $2200, maybe more. and this time GSR goes lower, maybe 30 to 1 the GSR is one of the only reliable indicators I have seen through this market, it rarely lies. When GSR is high, we are at a bottom, when its low, we are near a top When GSR is tightening, we are on our way up, when its getting bigger we are on our way down (correction) |
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It's the best I can do at this time. Can't wait for $50 silver, so we can post something that will attain orbit! |
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It's the best I can do at this time. |
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#13 |
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