Pixel8r

Bix Weir has been saying that 'Silver Can Go Below $0 or to $1,000,000 In A Nanosecond'

Same conversation we have had before, but needs to be had again by the looks of things. The trend in gold prices will and is accelerating as time goes on, each amount of printed money has less effect therefore causing more to be printed and leading to higher prices. The trend line since October 2008 is at more at a 42% rate of increase, until that line breaks why call it 20% when it has been in place for over 2 years? There seems little point to keep reposting the flawed analysis.

It seems a bit daft to try and put a final price that gold will go to and when to me. Gold is going up but the amount it goes to and the time it takes is dependant on how much currency is created from thin air. That is virtually impossible to put a number on. For instance with the Greek situation currently it was first said that that it could cost the UK £2.5 billion, but now it has been released that it could be as high as £336 billion. Rather than trying to guess how high gold will go when valued in a flawed fiat currency, I think it is better to think about what you will be able to exchange your gold for and when. Who knows if the dollar will even still be around by 2020. I think looking at the great charts over at approximity give a lot better valuation to where gold will go, like the dow/gold ratio and the house/gold ratio charts.

http://www.youtube.com/watch?v=ikr8Mvcaq-I http://www.youtube.com/watch?v=3QonF4AQVko

http://www.youtube.com/watch?v=iDtO88QyKMM http://www.youtube.com/watch?v=EXaHy814cEA

http://www.youtube.com/watch?v=eK8Lgs_BWBw

http://www.youtube.com/watch?v=5FT0-GdA4Ss http://www.youtube.com/watch?v=ZTc7OWxNgeY

http://www.youtube.com/watch?v=oeZ1B85Xg-s http://www.youtube.com/watch?v=YUeuNRgdaLA

http://www.youtube.com/watch?v=xf_r-kMhSdY http://www.youtube.com/watch?v=QKjsG5I3jzg

Some music for a sunday afternoon. http://www.youtube.com/watch?v=UprRB_-8yBY http://www.youtube.com/watch?v=m1WGn7da0co

More fun and manipulative games by the CME, the tightness in silver is requiring very creative handling of the situation. This is more proof that silver is on it's way to the moon over the next few years, they can't trick the market forever the physical shortage will raise prices eventually. Is The COMEX Manipulating Gold Margins To Mask Silver Supply Deficits? June 17, 2011 By Patrick A. Heller

Yeah Q1 EPS up 500% from a year ago, I hope they can continue such amazing growth. It would be good to see them start a dividend payment soon though, rather than just keep doing more financing. I sold half my original buy to realise a 10 bag and free up some cash for more purchases, will hold the rest for the duration I think.

Cool, can't wait for the GPR day.

Shouldn't your interests read 'holding silver & gold'? I understand your wanting to escape the noise and thank you for your posts over the years. Hopefully will still be able to read your stuff and check your great graphs in the future.

This link has a cool graph showing the registered comex silver holding which is updated daily; http://www.24hgold.com/english/interact ... com=SILVER

That must have cost Rob McEwen a pretty penny.

Your thinking seems flawed to me, why do you think silver will on 'aggregate may appreciate at a similar rate to gold'? The gain in silver in the last gold bull run in the 1970's vastly out did the gain in gold, the same appears to be happening this time. Sure silver will move up further and come down further it acts like gold on steroids. Being 50 / 50 gold to dollars seems a bad move to me, when dollars are being created at the rate they are. What do you think will happen to the dollar/gold/silver as QE3 is announced? I think that gold and silver will take off like the scalded cat and the dollar will tank. So having gold and dollar you will gain from the gold and give back via the dollar depreciation, which will mean you stay in the same place while stuff continues to get more expensive around you. Since 2004 the average UK house has crashed around 73% when valued in gold and 84% when valued in silver. If you look at the average UK house valued in dollars the crash didn't start till 2008 and they have only been around a 29% fall. We seem to be always going over the same ground, I wonder how long it will take you to get it.

Will be good if we get some follow through today to the big spike and volume yesterday, as it looks like we could be breaking the downtrend.

Nice action in ECU Silver today +17.5%, looks to me that the shorts are madly covering I am expecting the up to continue tomorrow as there hasn't been any news yet.

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and an all time high close in GBP-Gold.

Been finding out a bit more about that blogger. It seems he is well known by ECU followers and is "a real slippery scumbag". The quote below is from the comment at the bottom of this post by Dave in Denver on his site The Golden Truth. I wouldn't dismiss ECU just off the back of one bloggers posts about them, that is the trouble with the net it makes stock manipulation much easier. ECU Silver May Be Ready To Make A Big Move

I own all of those as well, they are all good safe bets but are priced as such these days. For a bit more spice I have also been buying some exploring juniors recently, as a max of 20% of my portfolio, which appear cheap to me currently (ECU. GBB, CSG, SVL, AQ, MML).

Finally the cartel gold distraction method is starting to backfire as holders swap ETF's to physical bars. Gold investors choose bars over ETFs in Q1 - WGC

Now I really don't understand things, my cheapest buy was at £6 per ounce in '08 why didn't you build a core then?