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A couple more thoughts re silver investing and platinum too
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<p>[QUOTE="qsilver007, post: 1445356, member: 34667"]The Gold Silver ratio got out to 57:1, that is absolutely rediculous. I like gold, but really like silver at these prices, a more normal ration of say 40:1 will put silver back in the high thirties. The major players in the Comex futures have been chopped up this year and many have blown out. You have the least length in the "spec" market in 10 years. Yet SLV investors are staying strong. Once the Algos realize they are long bonds with no upside, they will and the smart ones have started to buy into the PM's at these sale prices. Las August during SP downgrade, rates were this low, yet Gold was 1940 and Silver 44.00. I cant predict the future, but being a student of history, gold and silver are the only currency with out a central bank, they can not be created out of thin air. Europe will contibue to be a problem for many years to come, I am from Chicago, a major city which is bankrupt, yet no one on wall street wants to look in the mirror at the US problems. Gold and Silver have shown they can rise in times of turmoil, and I would say we are ther right now. Only difference from last year is you can buy silver for 15.00 leass and gold for about 300.00 less. The option players are betting hundreds of millions on a parabolic move to around 2200 by fall. AS for platinum, it just to cheap, especially with the world second largest mine having all kinds of problems again.(you can google inplats rustenburg south africa)</p><p><br /></p><p>just my thoughts</p><p><br /></p><p><br /></p><p>sincerely</p><p><br /></p><p>Qsilver007[/QUOTE]</p><p><br /></p>
[QUOTE="qsilver007, post: 1445356, member: 34667"]The Gold Silver ratio got out to 57:1, that is absolutely rediculous. I like gold, but really like silver at these prices, a more normal ration of say 40:1 will put silver back in the high thirties. The major players in the Comex futures have been chopped up this year and many have blown out. You have the least length in the "spec" market in 10 years. Yet SLV investors are staying strong. Once the Algos realize they are long bonds with no upside, they will and the smart ones have started to buy into the PM's at these sale prices. Las August during SP downgrade, rates were this low, yet Gold was 1940 and Silver 44.00. I cant predict the future, but being a student of history, gold and silver are the only currency with out a central bank, they can not be created out of thin air. Europe will contibue to be a problem for many years to come, I am from Chicago, a major city which is bankrupt, yet no one on wall street wants to look in the mirror at the US problems. Gold and Silver have shown they can rise in times of turmoil, and I would say we are ther right now. Only difference from last year is you can buy silver for 15.00 leass and gold for about 300.00 less. The option players are betting hundreds of millions on a parabolic move to around 2200 by fall. AS for platinum, it just to cheap, especially with the world second largest mine having all kinds of problems again.(you can google inplats rustenburg south africa) just my thoughts sincerely Qsilver007[/QUOTE]
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A couple more thoughts re silver investing and platinum too
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