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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="desertgem, post: 1055558, member: 15199"]It seems very likely that the tax laws will be extended 2 years, with estate taxation the main argument now. Goldman Sachs ( according to CNBC announcer) has decided to give bonuses in January, rather than in December due to their belief that tax laws aren't changing. I believe they have direct lines to many of the power people in politics and finance, and I would bet with them in this case, IMO.</p><p><br /></p><p>If you watch the price of SLV, notice how it is staying within a few cents of a near full dollar price. At the end of last week it was 27, then 28, and today 29. Strong implication that options ( expiring this week) and futures are involved. When we start seeing days of 29.33, or 28.56, an uneven dollar amount, expect the price to reflect true market value. The 3 ton invisible elephant in the room is of course China ( in either direction) IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1055558, member: 15199"]It seems very likely that the tax laws will be extended 2 years, with estate taxation the main argument now. Goldman Sachs ( according to CNBC announcer) has decided to give bonuses in January, rather than in December due to their belief that tax laws aren't changing. I believe they have direct lines to many of the power people in politics and finance, and I would bet with them in this case, IMO. If you watch the price of SLV, notice how it is staying within a few cents of a near full dollar price. At the end of last week it was 27, then 28, and today 29. Strong implication that options ( expiring this week) and futures are involved. When we start seeing days of 29.33, or 28.56, an uneven dollar amount, expect the price to reflect true market value. The 3 ton invisible elephant in the room is of course China ( in either direction) IMO. Jim[/QUOTE]
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