Mostly: Classical

[longjonsilver]

thanks for posting the GATA thing - and YES! this is BIG news! it cannot be maintained any longer (if it could have in the past) that the public no longer trusts them and that they have not been notified of the silver manipulation. the fire under their seats might have changed things for the better if you are a silver (or gold) investor.

as for whether im bullish or not, my prediction for 50 oz silver is in early 2006 - not the final high for the bull market run. remember at POS 50$US there will be a LOT of mining companies searching for silver and those that produce it will be marked to market a lot more than now - try 20 times or more. (wow!- do i hear greed sneaking up behind me?)

here's puplava from aforementioned link:

"A second factor that will influence this new bull market in the precious metals is that supply is far more limited at a time that markets are far more integrated and larger in scope and size. This means that demand factors could send prices to levels never seen or dreamed before. Silver prices above $150 an ounce and gold prices of $3,000-$5,000 are not out of line. This may seem unrealistic to many, but I strongly believe that this is where we are headed. Silver stockpiles are dwindling each year. The U.S. government's stockpile of 2 billion ounces is gone. Dealer inventories are minimal and it is getting harder and harder to acquire or take delivery on large orders of silver."

let me just say this: i think puplava is not as bullish as me - here is why - IF he is right about 3g-5g for gold (lets take 4g's as his prediction) then i think that silver will hit 400$US/ounce. i believe that silver will once again trade in a 10/1 ratio - its natural ratio in the earth (i believe). but im not as bullish as hommell - he thinks the ratio will be 1/1 - i think he is dreamin - at 1/1 ill trade my silver for gold - wouldnt you? wouldnt everybody else? ill start trading my silver for gold at 5/1 - and i think there are a lot like me - so this factor will limit the upside (downside) ratio of silver to gold.

i do think we will see 3000$ gold - because russell thinks so (gold to dow 1/1 at 3000) and i value his judgement over most other people

hi ho hi ho
its off to work we go
jon

ps POS hit 7.202 before the open in the NY crimex