" If those CD 'unknowns' about the banks that you mentioned in your last post become known, it will surely be a catalyst for the precious metals. Especially if significantly more liquidity is required."
Just heard Santelli say that the moves in the treasury bills and the libor rates is "indicating the level of toxicity out there". BINGO! Exactly what I was thinking about the NUCLEAR ROADSIDE BOMBS still out there.
Also...with all the dozens of moving parts in this clockwork, I missed something. Namely...the Europeans injected 10X the liquidity that the US has proposed. This explains the "relative" strength of the USD vs EURO. They've diluted their currencies 10X as much as we have...SO FAR. And a rising USD helps to explain why the banks are still hoarding dollars even though the Fed just gave them to them. The value is rising...SO WHY LEND THEM TODAY WHEN THEY'LL BE WORTH MORE TOMORROW?
So silver vs the USD is still sinking.
Now I'm trying figure out if this trend of a strengthening USD will continue or is only temporary.
The market is sinking hard again which would seem to suggest we need to head closer to parity with the Europeans on liquidity injections but of course we have MANY political obstacles to that here in the good US of A. Oooooo...SOCIALISM! BOOGIE BOOGIE! We may cut off our noses to spite our faces. It wouldn't surprise me in the slightest.
And then there's the specific attributes of silver that other precious metals don't share or only partially share that affect it's movement.
Silver is an industrial commodity like platinum and unlike gold and "gets used up" unlike gold which, once mined just sits there accumulating dust in somebody's vault or jewelry box.
Silver is 17.5 times more plentiful than gold, but...
Silver isn't often mined just for itself. It's usually just a by-product of mining some base metal because it isn't profitable except in rare instances to mine it just for itself unlike gold, platinum, etc.
Silver IS used in jewelry like gold as well as being an industrial commodity.
The point of all this is that we can equate silver straight across the board with ANY OTHER precious metal. It is it's own specific commodity.
And we still haven't done a damned thing to stop the price of houses from sinking. Freddie and Fannie haven't even pulled back on the penalties for late payments for crying out loud.
We still have a long way to go in the STINKING MESS.
I need to look into the possibility of selling physical silver in Europe or elsewhere to take advantage of the relative weakness in those other currencies...IF it looks like the USD is going to continue to strengthen that is.
It may come to pass that we'll need to inject yet more liquidity here too. You've seen the retail numbers and what the market is doing today. Need more "confidence"? LOL
And there's lots more numbers coming out soon. There seems to be roadside bombs planted every few steps along this path.
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