Humor: HR

The Guy from HR

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“SLV” in Danger!

The Web site, thestreet.com, tracks the risk-adjusted performance of more than 15,000 mutual funds, nearly 6,000 stocks, and more than 300 ETFs, and evaluates the financial strength of more than 13,000 financial institutions. I’ve linked to them in my “Rate Your Bank” post.

They’ve now downgraded the silver ETF “SLV” to an “E-“, their worst possible rating.

slv-rating

The interesting thing is that the StreetTracks-backed gold ETF “GLD” is rated at “A-” so they’re not picking on silver, the terrible rating for SLV is more an indication of concern about its backer, Barclays Bank.

This is why it’s always best to own PHYSICAL gold and silver, in your possession. 99.9994% of mine is. Guess I’ll be closing out what little I have in SLV, now.

◊◊◊◊ Now: Gold @ $810.10, Silver @ $10.25, USDX @ 86.10 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,524.71

EZ Explanation 4 Gold/Silver Manip

Here’s a 5-minute simple explanation of the recent government manipulations of the gold and silver prices. He also sez prices have bottomed out and guesses you have until no later than Jan 20, 2009 to get in on this “gift from God.”

Listen to the quality of this guy’s voice…very sincere and earnest. If you watch part two of the video he compares the precious metal/real estate valuations to arrive at his guess at what we’ll see for peak price gold and silver:
Gold @ $5,000 to $10,000/oz and
Silver @$400/oz.

My long-term guess has always been: $3300 Gold
$100 Silver

 

 

 

◊◊◊◊ Now: Gold @ $814.70, Silver @ $10.35, USDX @ 85.54 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,471.74