Silver and Gold, Silver and Gold.....
Has anyone noticed the ramp jobs these commodities have been getting lately?
Here is a bit of info. on silver and why it's ramping...almost $12/oz.
People expecting the silver ETF (Exchange Traded Fund) to be approved by the SEC soon...BUT, if the SEC denies it....silver will plummet very short term. This will be THE time to buy silver, on a capitulation in it's price.
The dollar will still weaken, trade deficits are still sky high, and inflation is not abating itself....so these commodities will continue to rise.
It is not widely known that silver (as far as inventory/supply) is 6 times more precious than gold because of industrial usage in various sectors. Silver also has a massive COMEX short position from the big money dealers. The silver users association does NOT want a silver ETF, so the SEC may deny it.
Worldwide usage of silver, especially in India will grow and grow, as more and more countries around the globe become industrialized.
I bet Warren Buffet loads up on any big silver sell off imho!
PP
