Gold Futures Index (GOLD)

[Pro-Life]

POG has smashed through the P&F Bullish Price Objective as if it never existed.



Silver is next. But look how far this prediction is.

The Silver Price Will Rise 4.83 Times as Far as Gold Price
http://goldprice.org/silver-and-gold-prices/2008/12/silver-price-will-rise-483-times-as-far.html

Unless you understand this one principle, you understand nought about precious metals' bull markets: monetary demand, and monetary demand alone, drives both gold AND silver. It's not Indian wedding demand or the popularity of silver jewelry that drives their prices, but sheer monetary demand, holding them as "money" because the alternatives -- national currencies -- are clearly failing.

WHEREFORE, before this bull market ends, you will need only 16 ounces of silver to buy one ounce of gold, which means from here that the silver price will rise 4.83 times as far as the gold price. Forget the siren song of the "gold-only" bugs, who have fallen for the myths of the money interest: both silver and gold are money, and always will be.