Tsafi

[popeyej]

Here is the information for the week: Today gold closed up $3.50 at
$609.50 and silver closed up .16 at $16.41. For the week gold is up $30.00
and silver is up $.32.

12-14-07 -- Gold $793.10...silver $13.81
12-21-07 --Gold $811.70...silver $14.34
12-28-07 --Gold $838.80...silver $14.76
1-4-08 ----Gold $863.00...silver $15.30
1-11-08---Gold $888.80...silver $16.23
1-18-08---Gold $880.50...silver $16.09
1-25-08---Gold $910.50...silver $16.41

This is a good indication of what has happened during the past six weeks.
At the latest there
should have been a 10 to 15% pullback this week. This indicates to me that
this may be a longer
sustained spike than I had anticipated. A good indication is the silver
lease forward rates that
have been very volatile and in the negative much of the time. The Bullion
Banks are doing their
best but it does not appear to be working. They are able to hold the price
under control
enough so that gold is doing better than silver at the present time. During
the past week the
gold/silver ratio was 93.75 to 1. This is the 1st time in my lifetime to
see gold rise faster than
silver in a bull market.