Did I forget to mention that gold is on the verge of breaking loose? So much for my tout service. Next stop for the US Peso Index is 56, notwithstanding a bullshit rally every now and then, its basically over for Uncle Buck...
20/1000 is here more or less, and tomorrow is the end of the month so I will guess the funds will gun the thing... sure wish silver would crack so I could get another shot at it...
Quote by daddyeaux "comm short interest is around 120,000 contracts $30-$40 silver seems now possible" What do you mean to say?
nice call daddyo ! well at least for a few minutes silver may 2008 futures contract hit $20 earlier in london time zone gold never did get to $1000 though $978.50 is not so shabby so ... for the remainder of the day it will be end of week / month book squaring perhaps those trying to end the time frame ( s ) close to the highs versus those booking profits well done
my rule is be out 2 days before the end of the month and 3 days before the end of a quarter.. the tape painting big money needs to be paid and I give those lions a wide path
gold silver ratios are getting a little out of hand the next few weeks should be wild both ways up and down
have there been any raises of 2008 silver price forcasts in recent weeks by the experts ? they seem to have been off a bit more than the gold experts in their annual predictions in the LBMA survey
for me, silver is at an all time high since I discount the Hunt silver freak out. anything from here is a guess as usual. futures short interest still amazes me and I'd like to see the bullion banks post a list of bars and weights and serial numbers for the gold and silver they claim to own, and have it tied to a believable audit. I aint holding my breath on any of that.