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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (35173)1/12/2004 8:12:09 AM
From: Eva  Read Replies (1) | Respond to of 36161
 
Excerpt from Jay Taylor:
Silver Is on Fire!

Silver bugs have been predicting a blowout for silver that will be more powerful than gold's rise. Indeed, in spite of gold's depressed price, silver, it could be argued, has been even more depressed. Some folks like Ted Butler have opined that the silver markets have also been manipulated. And in speaking to my good friend Dave Morgan, I think it is most likely true that this metal, which-like gold-is "honest money," has in fact been manipulated. In fact, the silver market is so much smaller than gold that it might conceivably be even easier to manipulate than the gold markets.

Whether or not silver is manipulated, there is no denying that it is in the process of breaking out above old resistance points. As the chart above shows, it looks like smooth sailing for silver. No more resistance levels now that it has broken out above the $5.35 area. There are several ways you can play this powerful move in silver, which in percentage terms could be even more powerful than gold.

gold-eagle.com