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  • Profitable Trade Setups for the Coming Gold, Silver and Dollar Reversals [View article]
    It's dangerous to assume that there will be a correction in gold and silver just because the USD reverses course and begins to rally. In general, gold and silver are negatively correlated with the USD (gold/USD= -0.45; silver/USD= -0.64)...but the correlation isn't perfect (-1.00) and it often breaks down and becomes positive for periods of time.

    For example, during the USD's most recent meaningful rally (Dec. 2009 - Jun. 2010), gold (+0.76) and silver (+0.30) had a POSITIVE correlation with the USD...
    May 3 01:34 AM | 5 Likes Like |Link to Comment
  • The Silver Correction Is Over, Next Stop $62 [View article]
    BK's $62 target is conservative.

    The rules of "money"changed in 1971 when Nixon took us off the gold standard and gave the government a license to print currency (and yes, there is a big difference between money and currency). Since then, the Fed has never printed with so much fury as they currently are today. Unfortunately for us, the printing presses are just warming up. How is the Govt going to attempt to solve the Social Security and Medicare problems that are on the horizon? You guessed it...MORE PRINTING.

    In the last 40 years, the US has gone from the richest nation in the world to the biggest debtor nation in the world. The dollar died in 1971. Let's call INFLATION what it really is...DEVALUATION.

    It's almost pointless to discuss silver prices in terms of value. If the inherent "value" of silver does not change (or even decreases)....the price of silver will still increase because the amount of "currency" it takes to acquire it will continue to increase...
    May 2 10:55 PM | 13 Likes Like |Link to Comment