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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (70473)1/20/2011 9:27:47 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217944
 
Maybe a nice place to retire with a little ice cream / tea shop on the Bund ?

Silver thoughts...

From: russet 1/20/2011 9:02:46 PM
of 1506

Silver May Decline 20% as Coin Sales Signal `Crowd': Technical Analysis
By Pham-Duy Nguyen - Jan 20, 2011 12:00 AM ET

bloomberg.com

Silver prices may retreat as much as 20 percent this year as soaring demand for physical metal signals a “crowded” trade, said Barry James, the chief executive officer of James Investment Research Inc.

Sales of 1-ounce American Eagle silver coins have totaled 4,588,000 in January, heading for a record, according to data from the U.S. Mint. Silver futures in New York rallied 84 percent last year, climbing to a 30-year high of $31.275 an ounce on Jan. 3, as investors sought a haven against financial turmoil.

“The coin sales are an indication of the level of interest in silver,” said James, who oversees $2.4 billion in Xenia, Ohio. “It’s too popular. When the crowd discovers a good deal, it’s usually long over.”

Prices have more than doubled in two years as investors bought precious metals to protect against a weakening U.S dollar and Europe’s financial crisis. Holdings in exchange-traded products backed by silver have dropped 1.6 percent since touching a record in mid-December. The metal tumbled 24 percent in 2008 after gaining for seven straight years.

“After a period of outperformance from silver, we would be taking a little off the table,” James said. “It’s more likely that silver will have a correction in price rather than a surge.”



To: TobagoJack who wrote (70473)1/21/2011 8:04:57 PM
From: yard_man  Respond to of 217944
 
it is quite amazing. thanks for the picture



To: TobagoJack who wrote (70473)1/21/2011 8:32:40 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217944
 
Come to think of it there is a little shop like that already run by an Italian guy.. carp.. Maybe there would be a market for North American 'Chinese' food.. you know.. with six you get eggroll :O)

seriously though... wondering again if we are headed back to a (regular) Sell in May and go away scenario... which was skipped last year completely... confounding many... including me... We are coming into that fuzzy time when Canucks and Yanks have a deadline for 2010 retirement account deposits...