Message:

<p>[QUOTE=&quot;Bluesboy65, post: 1095401, member: 23329&quot;]There is about $1.00 premium build into the price of silver that I believe is directly attributable to the situation in Egypt.&nbsp; Beyond that markets have shrugged it off and are currently sliding sideways.&nbsp; The rise in metals today directly coincides with Bernanke&#039;s 11:30 luncheon remarks at the National Press Club. Go to APMEX or other site and look at the hourly charts and see when the increase occurred.&nbsp; I agree that metals have a Bernanke premium but, prior to today, it was based mainly on known actions; like the zero fed rate and the QE2 stimulus program.&nbsp; What we saw today was an additional Bernanke premium based on new information regarding the extension of the zero rate time horizon and the nod he gave toward additional quantitative easing.</p><p><br /></p><p>I think we could see the current Egypt risk trade bounce both up and down as long as things don&#039;t get too crazy.&nbsp; If people start getting slaughtered in mass, hang Mubarak or actuall disrupt shipments through the Suez Canal it&#039;s a new game.&nbsp; </p><p><br /></p><p>If there is an immediate change of Egyptian leadership I think it will most likely be someone supported by those who have little affection for Israel or the US.&nbsp; This scenario is poised to take place in several other countries in the region.&nbsp; If this happens there will be a more significant long term risk for a conflict with Israel and thus the US.&nbsp; Lots of danger out there and most of it bullish for silver and gold.</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in