Hi Ho Silver!
My my, ain’t it interesting that, for something like the 5th day in a row silver has made a 25-year intra-day high ($17.28)? And a month ago it was sitting at 14.77… Of course, the first few times it rose in Asian markets then was pushed back down in US trading. This is starting to remind me of two years ago when it took of from $8.00 in December ‘05 hitting $15.00 by May ’06. I could go for another short-term doubling of silver!
Just before Christmas when my cousin was here from California he asked what he should invest in. I said “gold”. It was at $795 at the time. Too bad he didn’t buy it…
Looks like my “short-term silver to $21.00” prediction from a couple weeks back is still on track. In his latest interview Ted Butler is still sticking to his $100/oz long-term forecast. If the major ratings agencies “Fitch, Moodys, Std & Poor etc) perform their fiduciary responsibilities and downgrade the credit ratings of the “derivatives” insurers like MBIA and Ambac watch the mayhem:
Bush’s Plunge Protection Team panics
VIX takes off
Fed drops dollars from a helicopter, B-52, whatever they can get their hands on
Dollar index tanks
Ag & Au blast off
◊◊◊◊ As of today: Gold @ $914.75, Silver @ $17.19 ◊◊◊◊