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Today gold closed up $4.80 at $974.30 and silver closed up .06 at $19.81. For the week gold is up $29.70 and silver is up $1.81. This week the euro gained .035 against the US dollar and the Canadian dollar gained .0252. The gold/silver ratio for the week is 16.41 and the over-all ratio is 49.18.
Chef not chief...lol
If I run out of toilet paper I will keep that in mind. :)
Right Tsafi. The US dollar is at or near all time lows.
Currently the euro is up over 3 1/2 cents against the US dollar so far this week.
Tsafi, I believe that I told you that I paid $4.25 while traveling through Israel in 1981. It seems like Israel has never had a break on gas prices.
Today gold closed up $10.60 at $969.50 and silver closed up .48 at $19.75
Silver:
4-25-03---$4.62
2-27-04---$6.70
2-15-05---$7.26
2-24-06---$9.70
2-23-07---$14.49
Currently--$19.75
Bobby, my best thoughts are with you and your family. It is always hard to lose a family member no matter how old. My mother passed away on the 12th of this month. She was 93 but it didn't make it much easier.
Today gold closed up $10.20 at $958.90 and silver closed up .56 at $19.27. So far this week gold is up $14.30 and silver is up $1.27.
Kevin, I am familiar with Royal Gold. I like the company. RGLD only has about 30 million outstanding shares with about 200 million in cash. The company is in strong current condition and has very little debt.
Kevin, all I see is a possible pullback during the summer months, June through August. If the Bullion Banks are losing control I don't see anything to stop silver. The lease rates are negative again for all of the short term contracts so the CB's are desperate.
In London Silver is currently $19.33, up .62. The silver lease rates have been dropped so that the one month, two month and the three month rates are negative again. It would appear that the silver paper players will be opening the 30 story windows soon.
Today gold closed up $10.40 at $948.70 and silver closed up .70 at $18.71.
Hi Kevin. The shorts have been trying to get out of the contracts on the dips but there hasn't been many. I have been plotting silver every two weeks for 10 weeks and silver has gone up every time. Some of the weeks in between have gone down slightly but the two week trend has gone from $13.81 on 12-14-07 to $18.00 on 2-22-08. In 10 weeks silver has gone up $4.19 and is currently up another 71 cents so far this week.
Today gold closed down $6.30 at $938.30 and silver closed up .01 at $18.01.
Some gold and silver statistics for the past 10 weeks:
12-14-07----Gold $793.10...Silver $13.81
12-28-07----Gold $838.80...Silver $14.76
1-11-08-----Gold $888.80...Silver $16.23
1-25-08-----Gold $910.50...Silver $16.41
2-8-08------Gold $923.20...Silver $17.18
2-22-08-----Gold $944.60...Silver $18.00
Gold gain $151.50...silver gain $4.19.
Gold to silver ratio during the 10 weeks, 36.16
Gold and Silver ratio at the beginning of the 10 weeks, 57.43
Gold and silver ratio at the end of the 10 weeks, 52.48
Today gold closed down $1.70 at $944.60 and silver closed up .15 at $18.00. For the week gold is up $42.90 and silver is up .94.
Today gold closed up $2.30 at $946.30 and silver closed up .05 at $17.85. So far this week gold is up $44.60 and silver is up .79.
Today gold closed up $16.30 at $944.00 and silver closed up .27 at $17.80. Gold is up $42.30 so far this week and silver is up .74.
A $74.00 breather so far. There had to be some profit taking somewhere in this bull market.
Today gold closed up $21.60 at $927.70 and silver closed up .45 at $17.53.
I can't help but wonder just how high the price of platinum will go. Platinum hit another new high of $2,116.00 and is currently up $55.00 at $2,106.00.
Platinum is currently up $37.00 at $2,088.00 for another all time high.
Today gold closed down $6.50 at $901.70 and silver closed down. .16 at $17.06. For the week gold is down $21.50 and silver is down .12.
Today platinum is hitting another all time high. Platinum is currently up $61.00 at $1,259.00.
Today gold closed up $3.50 at $908.20 and silver closed up .01 at $17.22.
Today gold closed down $1.20 at $904.70 and silver closed up .06 at $17.21. So far this week gold is down $18.50 and silver is up .03.
Today gold closed down $16.50 at $905.90 and silver closed own .32 at $17.15. So far this week gold is down $17.30 and silver is down .03.
Today gold closed down .80 at $922.40 and silver closed up .29 at $17.47.
The following comes from an article by Ted Butler:
The four largest traders are now net short more than 165 days of world mine production, with the eight largest traders net short more than 204 days mine production. Never before has any commodity had such a large (and dangerous) concentrated short position.
The note below is from Kitco. As a result of the increased time that precious metals will be covered on Fridays the
closing prices were, gold $923.20 and silver $17.18.
Please Note: Due to increased activity through NYMEX ClearPort, we will now display changes until 5:15 PM on Friday
The gold and silver rise in price this week was at
a time when
the dollar gained three cents against the euro. This should have created a
very large
drop in the gold price as this is the largest dollar gain against the euro
since 6-3-05.
This is a very good sign for gold.
The short term trend for gold and silver is still up. Below are the last 10 weeks closing prices on every other Friday.
11-30-07--- gold $783.10...silver $13.98
12-14-07--- gold $793.10...silver $13.81
12-28-07--- gold $838.80...silver $14.76
1-11-08---- gold $888.80...silver $16.23
1-25-08---- gold $910.50...silver $16.41
2-8-08----- gold $918.20...silver $17.11
Gold is up $135.10 in 10 weeks and silver is up $3.13.
Today gold closed up $11.80 at $918.20 and silver closed up .37 at $17.11. For the week gold is up $10.30 and silver is up .32.
Gold and silver are strong this morning with gold currently up $12.00 and silver up .36.
Right. That is a shame. I remember Bethlehem as a very nice small town.
Tsafi, great information. It has been a little over 25 years since I traveled around Israel. I covered most of it in 7 months but not all. I only remember short distances that I checked while I was there such as it is about six miles from the Dead Sea to Jericho and also about six miles from Jerusalem to Bethlehem. Thanks for the great information. I hope to return for a couple of weeks sometime in the near future.
I just looked it up on an Israeli travel guide. It is 304 miles from Tiberias to Eilat but I don,t know how far it is from Tiberias to the northern border.
Today gold closed up $5.90 at $906.40 and silver closed up .23 at $16.74.
I am leaving to go to the Seattle Temple which is about 78 miles away. I will talk to you later.