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Errol

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Everything posted by Errol

  1. Platinum is too rare for starters. It is also not as shiny or as attractive.
  2. Massive Silver withdrawals from Comex It will be interesting to see how the CFTC, the Obama Administration and the Comex deal with this situation with silver, including massive paper short positions. We witnessed a massive withdrawal of silver unprecedented in the history of the comex. First there was a smallish 6507 oz of silver deposited to two customers, one being 497 oz and the other 6010 oz). But just look at the huge withdrawals: Our bankers are stunned to see such a huge amount of silver options in a traditionally slow month. http://jessescrossroadscafe.blogspot.com/2...drawals-at.html
  3. Silver is winding up for a run that will take no prisoners, show no mercy. http://jessescrossroadscafe.blogspot.com/2...-charts_07.html
  4. http://maxkeiser.com/2011/01/08/the-bottom...s-very-bullish/ MaxKeiser: We’ve got them on the run. As they expanded their naked shorts to knock down the price – nobody sold (except the few manipulated sales needed to fabricate the phony print). Net, net, the size of the physical Silver position is GROWING. The fake price action is masking the INCREASED DEMAND and SUPPLY SHORTAGES for Silver. They use fake naked sales to drive the paper price down – in the hopes that we sell out – and they can buy back at the cheaper price for a profit. But it’s not working. They have to keep borrowing money to float naked shorts and nobody on our side is selling. This is killing JP Morgan’s balance sheet. Eric King: “There is a fascinating bull/bear battle developing at the $30 level on silver. Eventually, when $30 silver is taken out on the upside with conviction, we will see some fireworks to the upside. A solid breach of that $30 level should mark the beginning of the next upleg in both gold and silver. As James said, just continue to accumulate each month and hold for the long-term.”
  5. Gold is not a bubble now. Eventually it will be reintegrated into the world financial system in some way (basket, Gold certificate ratio etc).
  6. And an appropriate story to end 2010 with: ScotiaMocatta, one the world's biggest bullion banks, is now sold out of all silver bars. http://www.zerohedge.com/article/scotiamoc...out-silver-bars
  7. Will Silver Be Worth More Than Gold? Perspectives On A Coming Silver Shortage http://www.zerohedge.com/article/will-silv...silver-shortage
  8. I have a reciept for a £230 1oz gold maple. I would give anything to be able to buy gold at that price now.
  9. Great comments on gold in this youtube vid. Ties in with Jim Sinclair's views, I think: http://www.youtube.com/watch?v=NKNPP-IEhhs...player_embedded
  10. Presumably life-time ban coming up?
  11. Max Keiser's Plan To Destroy JP Morgan Goes Mainstream, After The Guardian Posts His "Silver Squeeze" Thoughts http://www.zerohedge.com/article/max-keise...ilver-squeeze-t
  12. Pan American CEO - End Users Having Trouble Getting Silver http://kingworldnews.com/kingworldnews/KWN...ing_Silver.html
  13. IMF sells 628,000 oz (19.5 tonnes) of IMF gold in Oct.
  14. Not a pure gold standard, no. But gold as part of a basket of other things, or a gold certificate ratio, or as a 'freegold' scenario -- yes.
  15. Silver is going to Hundreds of dollars an ounce medium/long term. Ignore the daily noise.
  16. Stewart Thomson is excellent. I enjoy reading his stuff.
  17. Sinclair - Gold will rise/fall $100-300 in a day. Get ready for massive volatility.
  18. World Bank President Robert Zoellick Calls For Return To "Old Money" Gold Standard One of the most serious condemnations of the race to the currency bottom to date comes not come from some peripheral media, but from the head of the World Bank itself, who in a just released Op-Ed in the Financial Times says that since the system of floating currencies established by the 1971 Bretton Woods II system, has broken down, it is time to look to a new international system of commerce, one which "should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values." In other words, welcome back gold standard 2 http://www.zerohedge.com/article/world-ban...y-gold-standard
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