Up another 20+ cents to 13.65
Waiting for Hong Kong to open... getting a bit nervous, we're liable to see one hell of a correction...
That would be ok, I'd like to get a bit more silver if it dips back into the twelves.
He is "over the top" in his writing style but, well researched in his articles...
**** Mogambo sez: As I found out the hard way, life is hard when you are stupid and it is even harder when you act stupid. If you want a definition of "acting stupid," then how about betting all your money and all your retirement that now, after it has failed every time in history, a government with the power to create unlimited money and credit (this time courtesy of a criminally compliant Supreme Court and Federal Reserve) will not destroy the currency and the economy by over-issuing money? Want to take that bet?
If, on the other hand, you want to bet that this time, too, like all the other times in history, the over-issuance of money will destroy the currency and the economy, then buy gold. You heard it here, and you hear it everywhere that smart people who know what they are talking about, say, "Mogambo Guru who? Never heard of him!" And, you hear it from people who have just gotten their retirement mutual fund account quarterly statements and they note that their gold holdings are up 22% in the first quarter and up 68% in the last year.
But, that said, maybe now is not the precise time to plow into gold, as the lease-rates spread is again very wide, which means that the gold-market manipulators will again borrow and dump tons and tons of gold on the market, driving the price of gold down and compressing the lease rates so that they can profit when they again widen.