InSilverWeTrust Posted October 6, 2009 Report Share Posted October 6, 2009 Gold is moving too. After Friday's little exchange of blows, is this the Chinese claiming ownership of the market? I can't remember this sort of action at this time of day before. It's different this time! you think? $16.9 oz. The shorts will need to be out this afternoon... or is it game over?. Link to comment Share on other sites More sharing options...
id5 Posted October 6, 2009 Report Share Posted October 6, 2009 It's different this time! you think? $16.9 oz. The shorts will need to be out this afternoon... or is it game over?. With the interest rate rise from the RBA it may be game over for the Autumn unless the US, UK and EU CB's all start printing like crazy otherwise they will have to raise interest rates instead. If they don’t then the price of PM’s will rise faster as the value of their currencies fall. The ECB is expected to raise its rate by March but on this news may raise sooner. Australia tried to protect itself from recession by not following the other currencies and keeping a real positive interest rate but their currency is just getting stronger, this has got to hurt their export market but reduces inflation on imports. The Aussie CB must be seeing quickly rising and imported inflation for them to raise the rate this early. Link to comment Share on other sites More sharing options...
electroweak Posted October 6, 2009 Report Share Posted October 6, 2009 Nah, IR rises would implode the 'consumer economy' in the US and UK. I reckon it'll be 2011 before we see any rises in US/UK. Link to comment Share on other sites More sharing options...
id5 Posted October 6, 2009 Report Share Posted October 6, 2009 Nah, IR rises would implode the 'consumer economy' in the US and UK. I reckon it'll be 2011 before we see any rises in US/UK. Until then its printy, printy time then Link to comment Share on other sites More sharing options...
TrueNorth Posted October 6, 2009 Report Share Posted October 6, 2009 With all the excitement in gold, new all-time high and all, I wonder, what is the all-time high in silver? And when can we expect to see that surpassed? Link to comment Share on other sites More sharing options...
Pixel8r Posted October 6, 2009 Report Share Posted October 6, 2009 With all the excitement in gold, new all-time high and all, I wonder, what is the all-time high in silver? And when can we expect to see that surpassed? In pounds I think we will go through it today. In dollars it was somewhere around $22. Link to comment Share on other sites More sharing options...
alexreeve Posted October 6, 2009 Report Share Posted October 6, 2009 In pounds I think we will go through it today. In dollars it was somewhere around $22. Errm... http://en.wikipedia.org/wiki/Silver In 1980 the silver price rose to an all-time high of US$49.45 per troy ounce. Link to comment Share on other sites More sharing options...
Pixel8r Posted October 6, 2009 Report Share Posted October 6, 2009 Errm... http://en.wikipedia.org/wiki/Silver LOL, I was thinking recent high. Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2009 Report Share Posted October 6, 2009 The ratio hasn't come down much. Has anyone noticed a "lag effect" before where once gold rises, it takes a bit for silver to catch up and "overshoot" thereby lowering the ratio? Opps. My mistake.. I think it has come down from 61.5 to near 60. Looks like the push to 50 is back on. Link to comment Share on other sites More sharing options...
Pixel8r Posted October 6, 2009 Report Share Posted October 6, 2009 The ratio hasn't come down much. Has anyone noticed a "lag effect" before where once gold rises, it takes a bit for silver to catch up and "overshoot" thereby lowering the ratio? Yes Link to comment Share on other sites More sharing options...
alexreeve Posted October 6, 2009 Report Share Posted October 6, 2009 The ratio hasn't come down much. Has anyone noticed a "lag effect" before where once gold rises, it takes a bit for silver to catch up and "overshoot" thereby lowering the ratio? Opps. My mistake.. I think it has come down from 61.5 to near 60. Looks like the push to 50 is back on. only on the big run ups Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2009 Report Share Posted October 6, 2009 only on the big run ups Yes, I think you're right. If this move up in the market sticks for a week or two... I reckon we might see a 50 ratio. Link to comment Share on other sites More sharing options...
TrueNorth Posted October 6, 2009 Report Share Posted October 6, 2009 Does gold lead silver up, and silver lead gold down? ie. does one act as a leader at opposite times, depending on the direction? Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2009 Report Share Posted October 6, 2009 Does gold lead silver up, and silver lead gold down? ie. does one act as a leader at opposite times, depending on the direction? I suspect silver always follows [the yellow brick] road. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2009 Report Share Posted October 6, 2009 With all the excitement in gold, new all-time high and all, I wonder, what is the all-time high in silver? And when can we expect to see that surpassed? http://gold.approximity.com/since1968/Silver_USD.html Link to comment Share on other sites More sharing options...
TrueNorth Posted October 6, 2009 Report Share Posted October 6, 2009 Thank you! Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2009 Report Share Posted October 6, 2009 Silver's had enough and decided to leave the chart. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2009 Report Share Posted October 6, 2009 Mean thing to ask, but how is Frizzer's silver short doing? Link to comment Share on other sites More sharing options...
frizzers Posted October 7, 2009 Author Report Share Posted October 7, 2009 Got that one wrong ... for now Link to comment Share on other sites More sharing options...
grumpy-old-man Posted October 7, 2009 Report Share Posted October 7, 2009 Got that one wrong ... for now off topic: Dominic Frisby Intelligent, no-nonsense and seriously versatile. tiny clicky link tucked away in the corner of your sig. well after looking through a few of those links you do appear seriously versatile Dominic. That 'innit' voice for the cartoon network was very good (I assume they are all you then?) Link to comment Share on other sites More sharing options...
Andrew McP Posted October 7, 2009 Report Share Posted October 7, 2009 This is going hideously OT but after following that very versatile link, and having a chuckle at the Audi ad in 'Northern accents', I settled down to watch this week's episode of 'FlashForward', recorded from UK Channel 5. In one of the ad breaks was a trailer for the Ross Noble series running on C5 as well. Either I've got a bad case of hypersensitive Frisbyphobia or that's him as well. He's everywhere! There's no escape. He even speaks to me on my mp3 player!* <fx:runs off cackling> Andrew McP *Oh, hang on, I think that's because I download the podcasts. That might explain it. Link to comment Share on other sites More sharing options...
TrueNorth Posted October 7, 2009 Report Share Posted October 7, 2009 Gold: silver ratio now below sixty. . . barely. 59.98. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 7, 2009 Report Share Posted October 7, 2009 Got that one wrong ... for now I once bought a bigger silver stake at over EUR 11/oz. That turned out as a mid-term mistake too, you could say. I wouldn't short it, though. I have a long-only strategy. Some years from here, there might be a time to sell silver. I will then simply go long something else (stocks, property, currencies). If you got this short right in the end, you'll certainly earned the profits! Link to comment Share on other sites More sharing options...
Pixel8r Posted October 7, 2009 Report Share Posted October 7, 2009 Got that one wrong ... for now I would be very very careful of a silver short, the price could massively break out at anytime due to the massive short position by the bullion banks. Ted Butler has been recently talking about the fact that the rules may be about to change. I would have a big problem with going short anything that does not have an over supply problem. Remember that the silver market is very small. BTW I see £14 silver within 5 months. http://kingworldnews.com/kingworldnews/Bro...als_Market.html Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 7, 2009 Report Share Posted October 7, 2009 I would be very very careful of a silver short, the price could massively break out at anytime due to the massive short position by the bullion banks. Ted Butler has been recently talking about the fact that the rules may be about to change. ... One day Ted Butler will be right! (That day, I am going to make a very serious profit.) Link to comment Share on other sites More sharing options...
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