Jetzt aber wirklich: Gute Nacht! $ 60.00?

verfasst von Emerald, 05.02.2004, 21:48

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Bloom on silver- 60 Bucks?

This will knock your socks off. he is talking aobut silver spiking to 60 while gold moves to 535. Then settling back to 15.


Silver, on the other hand, appears to have an upside"spike" potential of a maximum of around US$60/ounce before settling back to around $15/ounce, for the following reasons:

The Ultra long term chart of silver in deflated dollars shows resistance at that level
The shorts need to be squeezed out and, if a threat of implosion of confidence in Fiat Currencies goes away, the greedy shorts will no longer enjoy the benefit of government protection. Price will have to rise to allow a rebalancing of supply and demand, and there is therefore likely to be a significant overshoot on the upside as the short positions are unwound.
The historical"support" ratio of gold:silver can be seen from the chart below (courtesy www.gold-eagle.com/charts/gegsr.html) to be around 35:1 - which implies a"maintainable" price of silver at $535/35 = $15/ounce). In the context of only a 29% anticipated increase in the Euro exchange rate, there appears to be SIGNIFICANT upside to the Euro price of silver.

Link
http://www.gold-eagle.com/editorials_04/bloom020404.html

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• Jetzt aber wirklich: Gute Nacht! $ 60.00? - Emerald, 05.02.2004, 21:48