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Everything posted by spoon

  1. spoon


    we are in the midst of massive wealth distruction the likes of which most here haven't seen gold has a lot further to fall. i don't see any reason to bounce before $690.
  2. spoon


    typically, a backwardated market is accompanied by a rising spot price but not always. but the mere perception that something is afoot should see silver outperform gold in the short term. the commodity complex on the whole is due something of a bounce with credit concerns abating and silver ought to benefit more from this. but i wouldn't bet against the greater trend of silver underperformance reasserting itself soon.
  3. spoon


    silver has gone into backwardation today. Dec Comex silver is trading 5 cents UNDER spot physical London delivery.
  4. With world interest rates set to climb, gold interest rates still languishing below 1%, surely the time to hedge is approaching? You can sell Gold at 10yr forward projected price of $1100 approx.
  5. I suspect a decent portion of the silver accumulation is switching of existing longs into the allocated ETF. As as aside Silver seems to have turned a corner today, more than holding it's own amidst the Gold carnage. I'd be surprised if we didn't have at least one more look at today's lows in gold and silver...most probably in Tokyo time. Question - are collapsing equities good or bad for metal prices?