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<p>[QUOTE=&quot;qsilver007, post: 1445346, member: 34667&quot;]The general media that knows little about the PM&#039;s calls it a bubble, and since May they have explained the selloff as the Euro coming down. For waht it worth, if you look at a chart of the Euro for the last 8 years, it has traded between 1.25 and 1.30 each year, and is essentiallyunchanged over 8 years,Silver was 5-6 bucks when it all started and gold was 450.&nbsp; As for Europe being fixed it never will be.&nbsp; We in the states have never recovered from the meltdown of 2008.&nbsp; Just my thoughts, but with yiels of government paper at all time lows in the G8, or at least US, Japan, Canada, Switzerland, Sweden,and a few others, and no growth, the econmic stimulus in Europe will be in the tens of trillions of dollars by the time it is all said and done.&nbsp; The only people buying German and US paper are the algos, (algorithmic trading machines.)&nbsp; Why would one buy bonds yielding next o nothing to get paid in a currency which will only devalue more.&nbsp; Many on wall st are waiting for the fed to announce QE 3, they will most likely never do it, as the algos have already gotten the rated so low.&nbsp; Europe on the other hand need almost 2 trillion euro for Greece, Spain is signifcantly bigger, and Italys bond market is huge. ECB will give in and do multiple forms of stimulus, qe or both.&nbsp; There have alsobeen huge upside call buyers on the comex goldcontract and the gld etf, close to 100 million ounces of upside call premium has been purchased in the past week.&nbsp; also on chart formations, gold at 1525-1545 has been a very friendly buy over the past year as you have made 100.00 or close to within 7 days. As for the other PM&#039;s Silver is money too, we all knowit is really the currecny used by every major ****ry only 40 years ago. Silver traded 26.80 right after the comex close on thursday afternoon as a fund blew out.&nbsp; It looked like a marked bottom, ans Silver shoul get back to it normal range within 2 weeks saybetween 30-34.&nbsp; Later this year people will use ther gold profits to buy Silver and Platinum.&nbsp; One other not regarding Platinum, it was Platinum week in South Africa, and Inplats,Rustenburg mine is experiencing strikes and violence again and may have supply shut i.&nbsp; Platinum and Silver are proabaly two of the least expensive low risk hgih reward trade, sorry for the run on, those are just my thoughts....................Stay strong, Stay Long Silver.........Qsilver007[/QUOTE]</p><p><br /></p>

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