Gravity of U.S. debt, upcoming inflation and the importance of investing in real things
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In this show Al discusses:
- Segment 1 – Philip Silverman, Managing Partner of Kingsview Management, discusses the gravity of U.S. debt, upcoming inflation and the importance of investing in real things.
- Segment 2 – Marc Davis, electronic and print media veteran, discusses silver.
- Segment 3 – Al and Trader Rog discuss current economic issues.
- Segment 4 – Carter Smith discusses his recent trip to Guyana with Lawrence Roulston.
- Segment 5 – Marshall Berol discusses why The Encompass Fund is focusing on resource companies.
- Segment 6 – John Glanville provides an update on Amarillo Gold and it activities in Brazil.
- Segment 7 – Western Potash CEO Pat Varas updates listeners on the activities of his company.
- Segment 8 -Mickey Fulp, The Mercenary Geologist, and Big Al discuss the importance of fundamentals in the mining industry.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
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Randy – you ever heard of comment etiquette?
HI Jerry,
Amen
Big Al
Looks like they opened the spigot recently. Position your “shorts”, they gonna cut it off.
public state banks..time for an honest money backed by silver
——————————————————————————–
Subject: state banks
state banking in all 50 states? or eternal debt slavery to the federal reserve system banksters?
state banking will end U.S. participation at the G-20
and the rest of the world can use the SDR as currency if they so choose..America must switch banking/money systems..
#1-state banking/banks in all 50 states will end the fed..FOREVER
#2-state banks will end the IRS
#3-state banks will end federal income tax
#4-state banks will end the corrupt judiciary and supreme court corruption
#5- state banks will end the U.S. participation in the corrupt G-20
#6- state banks will end talk of a SDR as a new currency[the SDR will simply be a continuation of the dollar as the world reserve currency..NO NO NO L NO!]
#6a- state banks will end Homeland Insanity,the Patriot Act,the TSA and the Dept. of education pushing their homosexuality agenda
#7-state banks will finally excise the root of the evil plant destroying America,
the private federal reserve banksters and their totally dishonest and parasitic debt money system,
keeping Americans in eternal debt slavery with their illegal money counterfeiting operation since 1913
HOW DOES NEVER PAYING A PENNY IN FEDERAL INCOME TAX EVER AGAIN SOUND TO YOU?
read on patriot..
We’ve been contacting officials in all 50 states for years now and discussing ways to set up public state banks/banking and break away from the Federal Reserve’s UNCONSTITUTIONAL and ILLEGAL currency stranglehold on the 50 states since 1913..
yes..
the Federal reserve Act was voted in ILLEGALLY as there was NOT a quorum present in the Senate chamber when the Act was voted on on Dec 23 ,1913 as most of the Senators had already left Washington to be home for the X-Mas holidays with their families and not enough Senators were present for the vote for it to be binding..Woodrow Wilson was blackmailed by Rothschild interests into signing it into law..Wilson later admitted on his deathbed that he deeply regretted signing the unconstitutional Federal Reserve Act and he had knowingly and willingly ruined his country in doing so..whether he was sincere is anyones guess..[Edward House would know but unfortunately he is longer with us]..
Michigan,Virgina,N. Dakota,Montana,New Mexico and 25 other states are all considering public state banks/banking[actually N.Dakota already has state banks but we hear its still connected to the fed somehow]
unfortunately some will only implement state banking [right now but that will change quickly as the states get deeper and deeper into unpayable debt as they cut back on more and more social programs and other state run services] only IF the fed collapses.. but this is still a great sign!
We believe we have many more patriots at the state and local level that are not Israel 1sters and are willing to defy the federal government and non-federal no-reserve currency counterfeiters and use the power over the federal government they possess at the state level!
there is simply no reason whatsoever for any of the 50 states to be having ANY financial difficulties when the states ALL have the power to issue their own currency..
50 public state banks/banking?
eternal slavery to the banksters?
indefinite detainment and internment at FEMA camps?
or loss of our homes and possessions through foreclosure and bankruptcy to the banksters [our masters] that make their conterfeit phony money out of thin air at the private for profit debt money non-federal no-reserve money counterfeiting corporation?
which one will Americans choose?
this is a call to all American patriots to contact their legislators,governors,treasurers or budget comptrollers of their states,
and DEMAND their states implement public state banking/banks..
our solution to the economic crisis gripping America is state banks/banking with new state notes/silver certificates backed by silver
NO gold backing on the new currency..again.. No GOLD… why?
the longest lasting currency in the history of the world was NOT backed by gold [or silver]…it was called the Tally Stick..a thin 3 ft. long piece of wood sliced down the middle longways..each time the stick was used notches were cut in BOTH sides to show the debit..in other words,the amount of money spent was kept track of by simply cutting duplicate notches in each of the 2 matching halves of wood..the consumer kept one half of the stick, while the bank kept the other half of the stick..
it was a incredibly efficient system,and incredible as it sounds,lasted over 500 years!..
if not for the greedy parasitic international banksters,we believe
England could very well STILL be using it today..
unfortunately anytime a currency is backed by gold,the banksters quickly take control of that nations currency..
THAT is why you hear so many financial talking heads and so called “financial experts”[most always connected to the debt money,central banking system] tell you how great a gold backed currency would be and would be the solution to our fiscal crisis and it would eliminate control over our money system the international private banksters currently enjoy..nothing could be further from the truth….
the states new currency could though be backed by silver..the states could purchase the silver they need to back the new currency with their new state notes/silver certificates..
the states could begin injecting the new public state currency into the money system by using it to purchase the SILVER needed to back the currency..whallah! you now have a new honest money system not controlled by international banksters.. it IS that simple folks..
we love patriot Ron Paul but he is wrong IMHO about a gold backed currency for the reasons we explain here..money expert and GCN host of “Crash..are you ready?”George Whitehurst Berry,makes the argument for a non-gold backed currency as well ..
and the biggest reason/argument for a NON-GOLD backed currency?
THE BANKSTERS OWN MOST OF THE WORLDS GOLD!
the banksters now own most of the world’s gold that they stole or bought up with their conterfeit federal reserve debt notes made out of thin air over the last 100 years..
if we backed a new currency with gold,the banksters would be back in control of our money and country by tomorrow morning..
yes..
the constitution says a gold backed currency and Congress shall coin money[Congress would still coin money in our new public state system..Congress would be directed to bring back the pre-1965 .999 silver $1 pieces[a real dollar] 90% silver 50 cent pieces,90% silver quarters,90% silver dimes, nickels and 95% copper pennies..
we also turn back time and readjust/revalue the dollar so it would have the same buying power as it did in 1913 before the federal reserve began destroying the dollars value.
[EX: a nickel for a giant NON-GMO candy bar,and $20 for a nice mens suit]
the 50 states can legally create and issue their own currency according to their individual state constitutions.. they could even bring back the tally stick if that’s what they decide to do,but having all 50 states issuing identical silver certificates/state notes except for the name of the state would make for a much less complicated new state by state controlled money system
the sooner we stop using the non-federal no-reserve counterfeit “money” [worthless paper soon good for starting fires to stay warm as in Wiemar Germany’s 1930’s super hyperinflation that destroyed the German Deutschmark] the faster we can take America back..
please contact your state treasurer/budget comptrollers and demand state run and controlled public banking/banks and new state currency..we MUST end the fed if America is to survive as a nation..
… the 50 states can and must cut off the head of the snake…
the snake is the private for profit DEBT MONEY non-federal reserve corporation..not a part of our government in any way, destroying our economy and jobs, by sending our manufacturing base overseas by design..you really believe the elite are that stupid? they know exactly what they are doing..turning us into a 3rd world banana republic to fit neatly into their new world order..make no mistake..these manufacturing jobs are gone and they are not returning unless we take back control of our currency/money from the private fed..
and here’s how we abolish the fed below..
‘the federal reserve is above the law and accountable to no one’ – Alan Greenspan on C-SPAN
a private for profit corporation that has NEVER paid one penny in taxes in 99 years[since its inception in 1913] and is above the law? in a nation of laws? huh?
make no doubt..we absolutely have been taken over by a group[cabal] of corrupt international banksters that create money out of nothing and run the U.S. and the world..but we the people and the 50 STATES CAN drive them back out of America.. its 1776 all over again..in 1776 it was King George and the banksters..this time its the banksters once again destroying our once late great nation..
“countless people will the hate the new world order and millions will die protesting against it”- H. G. Wells
trying to get the corrupt congressional critters in Washington to do anything is simply a waste of time now IOO..Patriot Ron Paul will continue to try to audit and/or abolish the fed but sadly it will end in the usual dead end as the fed will continue to set up roadblocks to stop the good Congressman along with the help of the complicit congressional puppets controlled by the non-federal reserve banksters.. don’t know about you but We’ve had quite enough of it
we want our hi-jacked country back.. we want our Andy Taylor Mayberry sheriff’s again! not roid raged militarized police thugs and goons in black ski-masks, jack boots and stuffed into black Star Wars outfits thoroughly brainwashed into believing all citizens are the enemy of the state ready to taser us till our hearts stop if we so much as sneeze..
yes..
the answer to our nations economic woes and the answer to saving America lies at the states doorstep not with the federal government hellbent on dragging us into their new world order,
.America is now the government spying on your emails and phone conversations,ratting out your neighbor,a tattletale see something say something 24/7 surveillance police state,
all by bankster and illuminist design..
.
we need this solution to go viral..we need 300,000,000 million Americans to contact their state treasurers/comptrollers,accountants and governors and demand their state break away from the financial deathgrip being applied by the private federal reserve banksters..
“i swear by the glory of God I will rout you banksters out” – Andrew Jackson
“the process of the creation of money is so simple it boggles the mind” – John Kenneth Galbraith
To state treasurers,commissioners,comptrollers and accountants of the 50 United States of America:
We present to you an incredibly easy and very workable solution to America’s [- N.Dakota who already have their own currency AND an incredible 3% unemployment]
financial crisis..
47 of the 50 states are in financial straits..It simply doesn’t have to be this way..the 50 states are NOT beholden to the federal government in any way..THE 50 STATES CREATED THE FEDERAL GOVERNMENT.. not the other way around..
we either implement public STATE banking and banks,
or live as slaves to the international banksters running the private for profit,parasitic debt money non-federal no-reserve currency/money out of thin air counterfeiters presently controlling America and the IMF that controls nearly the entire worlds money systems…the federal reserve is a private corporation and NOT a part of the U.S. government in any way shape or form..the private federal reserve corporation is UNCONSTITUTIONAL..America and all 50 states[except N.Dakota] using private federal reserve DEBT notes,will continue to bleed jobs to 3rd world countries as long as the PRIVATE “fed” is in control of our currency..
so why do we continue to be at the mercy of the private for profit fed?
this is sheer insanity!..
All the 50 states need are state of the art printing presses like the federal reserves for the new state bills..all the new bills will look the same [just like the new state quarters that are identical] in design except for the 50 different state names on them..all 50 new state notes would be accepted as currency/money in all 50 states just like the 50 non-silver state slugs[ quarters ] we presently have circulating the republic..
suddenly you have 50 states that are no longer slaves or beholden to the federal government or to the private for profit debt money non-federal no-reserve money counterfeiting corporation..
the 50 state treasurers and comptrollers offices job,are to simply regulate how much currency needs to be created and inserted into each states economies..
just as Pennsylvania did before 1776, when Pennsylvania was using “colonial script” as money..the Pennsylvania colonial script money system worked so well its what actually what inspired the colonists to tell King George to take his Bank of England money and stuff it where the sun didn’t shine,thus began the revolt/revolution when the King demanded the colonists stop using the colonial script, and the rest is history..
[ the Pennsylvania colonial script money system was designed to make money work for “we the people”instead of the present money system where money turns us into debt slaves of and for the banksters]
btw.. the Constitution is NOT a living breathing document.. its set in stone dead, and for all intensive purposes can not be changed or tampered with or thrown in the waste basket by Zionist Presidents..
.
the U.S. money crisis WILL absolutely get progressively worse as the feds debt note dollar becomes exponentially more worthless in the next 2 years as its value goes to zero,
just as the 8,000+ other paper fiat currencies in the history of the planet..
[do you really believe inflation will suddenly stop after the last 98 years of non-stop inflation which has left the debt note dollar with the buying power of 2 cents now in 2011,
compared to the 1913 dollar?]
1913…the first year of the private non-federal no-reserve corporation in charge of our currency..
.
N.Dakota is currently using public state banking and they have an incredible 3% unemployment rate..wouldn’t that be nice if the unemployment rate of America was 3%..hmm.
all the 50 states must do is issue and loan out their own currency at 2% interest..the 2% interest would be NON-COMPOUNDING
and
NO MORE FRACTIONAL RESERVE LENDING PRACTICE BY THE NEW PUBLIC STATE BANKS EITHER
EX:you purchase a $100,000 home or borrow $100,000 to start a small business..
the new public state bank loans you $100,000..
you pay off $102,000 as you add the 2% interest for a total owed to the state bank $102,000..it doesn’t matter if you pay off the loan in 5,10,15 years or 20 years..the amount you owe stays $102,000..
depending on how quickly you can pay off the loan, as soon as you pay off the loan, the house and property or small business belongs to you 100%[not the state,and you never pay another cent on it in property tax]
no compounding interest like we have now,where you buy a $100,000 house and after 30 years wind up paying the banksters a million dollars for a $100,000 house..
compounding interest is immoral and wrong,
but what do banksters know about morality..
$2,000 would go into one coffer and the $100,000 would go into another state coffer to pay state government bills or whatever set up the states want to use to handle their finances and paying their bills..
in this new state banking system no money gets into the hands of private banksters,thats the numero uno #1 most important thing..
.
the new money system would also eliminate property tax AND
FEDERAL INCOME TAX!
neither would no longer be necessary to keep the state financial systems up and running smoothly as there would now be more than enough money for each state to pay its bills
any extra funds at the end of the fiscal year would be returned to the people of the state similar to Alaska’s refund system
if not enough silver is available,
the new public state currency actually does not have to be backed by anything..we instruct each of the 50 state governments to issue the currency as needed and we watch them like a hawk as the founding fathers told us repeatedly.
.
a new state note/silver dollar would buy a dollar worth of goods in 2011 and a new state dollar would buy the same amount of goods in 2050.NO MORE INFLATION.
just as a dollar in 1800 was worth the same as a dollar in 1912..112 years of the dollar and NO INFLATION..NONE-NADA-ZILCH-ZERO
every state would soon see a currency /budget surplus like N.Dakota enjoys right now
Americans total individual tax burden would be slashed at least by half and most likely much more than that..
unemployment would virtually disappear as we bring ALL manufacturing and good paying jobs back to America where it belongs..
we would no longer need one thing from the 3rd world..NOTHING
we can legalize hemp again
and make so many different quality products with it,
including clothes,shoes and other products Americans need and want..
we can grow ALL the food we need right here in the good ol USA as the US at one time grew enough food to feed the entire world
FIVE TIMES OVER..
food shortages are a product of the banking establishment to raise world commodity prices
ALL the phony horrible wars including the phony drug war and the phony war on terror can be ended as well..
we CAN take America back w/o any violence whatsoever..
as soon as the police and military fully wake up to the truth about what is really happening in America and around the world, its all over for the NWO globalists destroying America’s economic engine by design
another huge advantage to having 50 different state notes[money] accepted in all 50 states is that it would make it virtually impossible for the PRIVATE international foreign banksters to take back control of our money/currency ever again..
we simply stop using the unconstitutional private federal reserve debt notes as the new state currency is inserted into the commerce system and the old federal reserve debt notes are turned in for the new state notes and the 14 trillion dollar phony national debt is eliminated immediately..
the federal reserve will abolish itself as Americans stop using the feds debt notes..
we don’t need Congress to pass any law to eliminate the fed nor the President to sign an executive order to eliminate/abolish it either..
the fed is actually irrelevant in this new public state money system as the 50 states have the upper hand/say so over the federal government per the constitution..
prosperity will soon return to America in spades as small business will be able to compete with the mega corporations and 3rd world labor again..
temporary tariffs will need to be put in place until we get our economy going again..
under the present money system, America can not return to prosperity and can not create good new jobs and will in fact continue to bleed more jobs to 3rd world countries as long as the private non-federal reserve corporation is in control of our currency..it’s that simple..state taxes in every category will drop drastically with this new money system because the interest payments are going back into each states coffers instead of the present debt money system where the interest/usury payments on loans go back into the bank accounts and pockets of private federal reserve banksters..
Unfortunately, what you and GW Berry don’t understand(among other things) is that there is no such thing as “debt money”. “Money” is simply a transfer medium of debt. Debt is something you have as soon as you produce something – credit. What you want to trade for is debit. “Wealth money” is no solution. First of all it is pre-taxing – wrong. You definitely made some excellent points though.
We don’t need state “banks”. We need to start calling a bank what it is – a broker. We need to stop calling buying stock depositing, or saving. We need to get the cash we take to the broker to buy stock from the IRC(cash)S.
From roger wiegandI:
the bond market controls the international credit system. It is going creaky and showing signs of breaking. If Ireland follows Iceland renouncing repayment of
billlions to the western bankers who’s loans went bad, European nations could
begin to drop on contagion. This would take out the global bond markets in a
spiral. Once the bond markets go, the the Federal Reserve is finished. The big USA money center banks are holding billions of USA Treasuries with the TARP
scam money they stole. How ironic if crashing bonds take out the crooked banks.
I don’t see how the Fed could be finished when they’re the ones who engineered this fiasco. The only way they’ll be finished is if we put a system in place to replace them.
When are you going to admit you know nothing about monetary policy? There is a reason it’s called the “dismal science”. It hurts the brain to think about it. I’m extremely desensitized to pain. You know legitimate business. You know legitimate business fundamentals. The Fed is not legit’. They have complete control over our economy. They can bring it back any time they want. A burger might cost $15 when they do, but everyone will be employed so who cares. Don’t parrot the propaganda. Don’t you think it’s strange that you can’t know how much cash is in circulation at any given time?
The “bond”(slavery) is one of the stupidest things man ever fell for. I mean if a private “bank” has control of how much currency is in circulation – there’s a clue.
None of this means anything according to Roger Weigand. Gov’t confiscation soon anyway right? What a joke! I’d throw my PMs in Lake Superior before I give it to bankster gov’t. I’m a knew reader here and you lost credibility with that post.
3 Probabilities, Pls Vote:(a) Correction is over in silver and this sumemr is going to be an exceptional case against historic seasonality (like sumemr 1982 was). In this scenarion we could see silver in the $40s in sumemr.(b) PMs will stay where they are now until August, and then add 20% to their prices by December 2011.(c) We will take a dive in the sumemr to the $25 level, but recover by December in the $50s.
Hi Big Al
Always enjoy your podcasts even from all the way over here in Australia. How can I contact you. I sent an email but maybe you did not get it.
Regards
KJ
Regarding trader Rog information on confiscation of Gold. I got information from a good mining source saying it will happen in May 201.
Keep it in Silver
Ralph
Two great quotes from Lincoln. The first deals with the Central Bankers of his day.
“The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed. ”
The second shows Lincoln’s dependence upon Almight God.
“We have forgotten God. We have forgotten the gracious hand which preserved us in peace and multiplied and enriched and strengthened us, and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some superior wisdom and virtue of our own. Intoxicated with unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud to pray to the God that made us.”
Abraham Lincoln’s 1863 Thanksgiving Proclamation
Americans must return to absolute reliance and dependence upon their Creator, or all these attempts to correct the abuses and injustices of the money hucksters run amuck will prove futile. The main reason America is in the shape it’s in is because we have forsaken God! Our’s is a moral and Spiritual problem at it’s root.
just a comment regarding section 6 and the lack of companies investing in mining in Brazil. One reason for any lack of enthusiam could be the strength of the Brazilian currency against the dollar and others (the British pound has lost 50% during the past 4 years); just look at the results of Jaguar Mining which has been increasing production but cannot make a profit, there is always a large negative currency charge in their figures.
Another problem could be security, recently Luna Gold suffered an armed robbery during which they lost a quantity of gold.
keep up your good work – much appreciated
Graham Smith, London UK
Maybe you want to think like me. I own 70 acres in the mountains of Panama with a 2500 square foot house on it, a 45 acre with a small house outside Auckland and took a job in the middle east and getting paid in South African Rand.
Bottom line: You want assets outside the U.S. Anything inside the U.S. is fair game for being snatched or taxed from you.
Sounds like a good plan to me!
Hey Big Al, is Mickey sounds like one tough hombre out their in New Mexico. Is he as tough as he sounds? I guess if you’re a mercenary you’d better be tough.
And not to beat a dead accordian, but how’s the Big Al, Trader Rodge duet coming along? The Lady of Spain is waiting.
I remember living behind a church were Brian Lamb, and a bunch of these Cspan guys used too have a wood shop. At that place of residence my mom thought I needed an exorcist, after playing in the mud the way very young children will sometimes with my uncle who mixed a glass of this red clay in water and told me it was chocolate milk.
After drinking it as he would force me to do thing all the time like the time he made me cut off the limb I was sitting on and the device came out of my shoulder being more powerful and in control I broke out with ring worm all over my body and my mom told me it was writing that could not be understood so she had priests come in from the church.
I guess my Dad did not know that one of the people at the church was in line for being my new dad but that was not in the cards because I guess he felt I was in need of discipline after an accident in the wood shop. I had been check out on the band saw by my grandfather who was a millwright in Arkansas/Washington etc. and to do some jobs the blade shield had to be removed. Some kids came in and wanted to use the saw, then got mad that I wanted to warn them to put the guard on and they told me they owned it all and I was not to tell them anything, and after this head strong kid cut his thumb off the other kids said they would tell their fathers it was all my fault, but it was not.
I had a fever of well over a hundred and I was a bloody mess with the infection. The priests came in with outer guys and one had a camera. The priests would throw me across the room well the other snapped a picture. I would fall on furniture and the floor and they would tell me get on the bed, don’t get off the bed very loud and when I would crawl back on the bed they would pick me up and throw me over and over again well the other priest would snap another picture and this went on till one guy said we have enough picture and they left me in the blood, mud, and bedding, then my aunt came in with some save that was for ring worm.
She spread the save and kidded me about dying when the rings got to my heart. After getting well I went back to the wood shop and the guys had made me a special shield and gave me my sword which were both made of wood and I had to fight one of the guys in my shorts because I did not want to remove them and the other guy was naked (he know who he is). I was still not up too speed and lost the battle. They then called me the bad guy and this group was supposed to be my gate keeper or something like that appointed by the priests. My Dad did not like them much also but that did not matter much because someone at the church was going to be my new dad till he said no, my mom cried allot, my dad was gone, I healed up, but I still have a case.
Please know that there is nothing any of you can do to make what you and the rest of the ones involved can do to make this my fault. See at the time I was about seven years old. Since then the church has made an effort to kill me, to the extent of trying to pass laws to kill sex offenders.
Come on, keep it up, keep pushing laws that you as a group of very said individuals know have no value. Take me too court so I can own a network. I have met with your staff members in private since along with military personal and others.
Now lets note when this happened I was only a small child being thrown around a room like a rag doll by people that started all this clear back in the late fifty’s and the steering by very bad people that think abusing kids to make laws to stop abuse, Ha! these laws are bogus and the fact that they can not kill gays anymore does not justify the use of laws too kill someone set up by them to create some worthless set of laws by a fusion of church and state is wrong and realty designed by them to harm us all.
My case was pragmatic but more than that I know what was done and who was involved making vendetta laws that really have no bases in truth, and are based in lies.
Keith Richard Radford Jr
PSS don’t be cowards, let me know you received this e-mail through a response.
It’s time to communicate
Glad to see one segment on silver as well as to hear Trader Rog’s comments on the silver market. Also got to hear Trader Dan this weekend and he has some bullish things to say about silver. Not to mention James Turk. The next several months should be very interesting in terms of both the price of silver, the supply of silver, and the silver stocks (from majors down to juniors). Looking forward to your continued coverage of the silver price and stock story.
“$50 silver before end of May?” What do you think to this call, Rog?
I think silver is going to make a Three White Soldiers candlestick pattern and go into a power uptrend on this breakout from $31.40. Also on Friday night there was a 60c correction that was a 38.2% Fibonacci retracement of the breakout move on Thursday/Friday. So I thought that this Monday 21/2/2011 will be the third white doldier and will breakout form the trend channel that has formed on the rally that took the price back to $31 after the correction from $31 to $26. I measured the pullback from $31 to $26 this year as being almost a perfect 38.2% Fibonacci retracement.
I have my own reasons for this and will try to post some charts on my webpage later.
My call on silver is that I think it will go to $50 by the end of May, in fact probably sooner. The current rally from $26 to $31 has been at a rate of 18.9 cents per day, just short of the 20c needed to get the price to $50 in about 100 days that remain until the end of May.
The start of the rally from $20 to $30 (in fact the entire rally) was an uptrend that had a rate of 10 cents per day. It took about 120 days from 24th August 2010 until thenend of 2010 to get the price from about $18 to $31. After the correction to $26.40, the recovery rally has been in a tight trend channel (like the start of the $20-$30 rally) but steeper than the first rally. Now we may be seeing the start of a power uptrend as Jim Sinclair call it, and what better time to start a power uptrend than on the breakout from the previous 30year high of $31?
Do your own due diligence! No advice is meant or implied by this call. I have a long position in physical silver and am excited, I could say thrilled about it right now.
An interesting addition to this is that gold has not yet confirmed the breakout in silver. Do you think silver will pause before gold has any breakout to a new high? I guess any gold breakout would be bullish for both gold and silver, confirming the move about $31 in silver.
Fascinating markets and fascinating times!
That is why you apprehend so abounding cyberbanking talking active and so alleged cyberbanking experts most consistently affiliated to the debt money,central cyberbanking system] acquaint you how abundant a gold backed bill would be and would be the band-aid to our budgetary crisis and it would annihilate ascendancy over our money arrangement the all-embracing clandestine bankers currently enjoy.
Silver Certificate
why has no put out a petition 4 the American people to sign & forward to the corrupt politicans 4 State owned banks ???
Apparently this is what the eesetemd Willis was talkin’ ’bout.
DO NOT VOTE FOR ANYONE RE -RUNNING FOR OFFICE.
THERE ARE MORE THAN ENOUGH QUALIFIED TO BE
IN PUBLIC OFFICE.. ONE TERM ONLY AND NO BENEFITS,
IT IS CALLED PUBLIC SERVICE NOT PUBLIC EMPLOYMENT