Username Password
About People & Picks | Help | Sign up
Home My P&P People Picks Tops Blogs Groups
S&P 500: 1,317.11 Change: -0.21%
Vet67to82
Vet67to82
P&P Score: 0.31   Points: -608.47   Accuracy: 68.73%   Average Pick Score: -4.50   Annual Return: 16.23% (40.60% since 11/25/09)  

Vet67to82's Blog : Leveraged shorts in SILVER

Date January 15, 2012    Comments Comments (2)    Rate this post Recommend This Post (63)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This

Heads up for 1/17/2012. 


From the charts -  Silver looks ready to break to the upside with what looks like the formation of a reverse head and shoulders bottom. 


Fundamentally - Silver demand is climbing (more to follow)


 For bulls -  CDE, FCX, HL, KGC, SLV, SLW


    or short ZSL ( leveraged SHORT silver ETF ) , etc


  For bears -   no info available at this time  


 


 

Tags : CDE   FCX   HL   KGC   SLV   SLW   ZSL  

2 Comment(s):

Author Vet67to82     Date January 17, 2012 11:33 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
COMMODITIES . 1/17/2012 approximately 11:22 AM EST

NAME LAST CHANGE % CHANGE
Gold 1,659.20 +28.40 +1.74%
Silver 30.36 +0.84 +2.84%
Light Sweet Crude Oil 99.95 +1.07 +1.08%
Author Vet67to82     Date January 17, 2012 12:16 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
When I run my analyses, I run BOTH the Bull side AND the Bear side statistics. When I post observations I try to include BOTH, but, sometimes there isn't anything statistically significant to the flipside statistics. While anyone predicting GOLD at $5000 per troy oz is making an unrealistic assessment ... but even that should get the qualifier: "AT THIS TIME."

Think about it. The price of gold is an equation factoring in the gold locked in the Ft. Knox's of the world, the ETF's and the the average joe and jane with their wedding bands, neck chains, ... rings and bling.

( 1) There are about 7 billion people on the planet, if everyone wants 1 troy ounce of gold ... how many people have NONE? What price would the people who have none be willing to pay?

( 2) Now when the global population get to the projected 10 billion ... if everyone wants 1 troy ounce of gold ... how many people have NONE? What price would the people who have none be willing to pay?

That's the "What if?" math.
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links
©2008-2012 PeopleAndPicks.com | Terms of Use