Thursday, October 25, 2007

Gold and Silver Sling Shot

IT nearly happened. Silver nearly had a $.50 day up! Gold teetered up and down, and came in respectably, but it's paler sister rocketed up over $14 and looked like she had plenty more steam. Then the PTB played smack down and she fell hard.

Not below any technical damaging numbers, but certainly not newsworthy numbers either. Once silver passes $14.25 for a few days, then we will see $15 I believe in short order. The supply is tight, the fiat currency is loose, and the climate is ripe with revulsion of the abuse of the worlds purported reserve currency.

Run for the hills is screaming inside everyone's head who has a clue what is heading our way and yet we all - myself included - keep the cool exterior and slowly leak dollars into other assets. Almost anything - except that tied to bonds, SIV's, CDO, MBS's or a financial institution is worth more than the dollars.

Next article I will discuss the real price of gold and silver. It isn't as simple to find as you think. The price gaps are large and growing and profitable if you know how to take advantage of them.

Have to run and support Ron Paul at a Rockfest for Ron Paul!!

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