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Sunday, November 28, 2010

Russia adding Canadian, Australian dollars, Gold

Alexei Ulyukayev, Deputy Chairman of the Russian Central Bank said Wednesday that Canadian dollars were added to it's international currency reserve.
Russia's Central Bank will also increase its gold reserve and add Australian Dollars to it's international currency basket to reduce dependence on the US Dollar.

Monday, November 22, 2010

Silver like a coiled spring

Silver is the only commodity that has not reached an all time high price in the last few years.
Gold is almost twice it's previous all time high of $850 in 1980.
Silver has been held down but it's like a coiled spring that is being over-tensioned.
When it snaps, look out.
I think Eric Sprott is the modern day Hunt Bros.
He recently started the Physical Silver Fund PSLV which buys physical silver not paper silver.

Sunday, November 21, 2010

China to cut silver exports by 40%

China is the world's largest silver exporter.
There is a physical silver market shortage in the Far East.
Chinese investors are now hoarding silver.

Sunday, November 07, 2010

Silver is taking off

Silver broke thru the $25 level and didn't even shrug.
There were tons of bids hit at that psychological level because it is a round number and is half of 50.
This market may be well on it's way to 50.
Short covering, asian physical demand, new investor demand.