Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (16408)	3/25/2011 4:24:03 PM
From: ayn rand	Read Replies (1) \| Respond to of 222711

'' 'There is only one certainty regarding paper money -- the longer you hold it, the less it will buy in terms of real goods or real money -- gold.' Yesterday was a banner day for the precious metals. Gold closed at an all-time high in terms of dollars. Silver moved into the 37 dollar zone for the first time since the precious metal bull market of the 1970s (today it's above 38 dollars an ounce!). But there's a big difference between the current precious metals bull market and the bull market of the 1970s. The 1970 bull market drew tremendous interest (I was there). Everybody I knew (even the gold haters) were watching that bull market with keen interest, particularly during the wild 'blow off' days of the late 1970s, when silver was rocketing higher -- rising every day by 'limit up.' In comparison, today's huge precious metal bull market is greeted with yawns, that is, if it is greeted at all. I've been calling the current gold/silver market the 'great stealth bull market.' Ask the average man or woman on the street what's happening to precious metals, and they'll give you a blank stare and maybe a 'Duh.' Ask them if they own any gold or silver, and they'll give you a sheepish 'Nah.' Gold (April) closed on March 2 at 1437.40, a record high. On March 9 silver closed at 36.04, highest since 1981. Yesterday both marks were bettered. Where's the excitement, where's the interest, where are the articles in the newspapers?'' -Richard Russell. -editor of Dow Theory Letters, in remarks posted on his website on March 24th