Big gains today for the precious metals, silver in particular as it broke $17.00 briefly and is at $16.98 now. Up $0.72 just today. Most impressive. Gold was up too, but not as much as I see gold at $1250.80 which brings the GSR down under 74 to 73.66.
GSR was above 80 which is typically an extreme so this is silver catching up some.
Tuesday, April 19, 2016
Saturday, April 16, 2016
Things seem to be heating up
Things definitely seem to be heating up out there, and it isn't just the weather.
Deutsche Bank has admitted to rigging the gold and silver price, paid a cash settlement, and agreed to cooperate with nailing their fellow conspirators.
Zero Hedge has all the information on the gold and silver rigging drama here.
Gold and silver have been in a bit of an uptrend this year. This news is good news for gold.
Another interesting development this week involving the House of Saud and their near trillion dollars in US Treasury Bills.
Zero Hedge also has the scoop on the Saudi threat to dump T-Bills and crash the US and world economy if they are exposed in the 9/11 attacks.
The gold to silver ratio GSR was up in the stratosphere north of 80. Silver has caught up some and trimmed the GSR to 75.
Silver still looks like the better buy based off the GSR but gold has been very strong too. Throw in a strong US Dollar and things are looking very positive for precious metals holders in 2016.
Me, I'd continue to hang tight with what we have and slowly accumulate more as opportunity allows.
Deutsche Bank has admitted to rigging the gold and silver price, paid a cash settlement, and agreed to cooperate with nailing their fellow conspirators.
Zero Hedge has all the information on the gold and silver rigging drama here.
Gold and silver have been in a bit of an uptrend this year. This news is good news for gold.
Another interesting development this week involving the House of Saud and their near trillion dollars in US Treasury Bills.
Zero Hedge also has the scoop on the Saudi threat to dump T-Bills and crash the US and world economy if they are exposed in the 9/11 attacks.
The gold to silver ratio GSR was up in the stratosphere north of 80. Silver has caught up some and trimmed the GSR to 75.
Silver still looks like the better buy based off the GSR but gold has been very strong too. Throw in a strong US Dollar and things are looking very positive for precious metals holders in 2016.
Me, I'd continue to hang tight with what we have and slowly accumulate more as opportunity allows.
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