All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Monday, April 25, 2011

James Turk once we are over $50 silver there is no more resistance

James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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