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Gold (GLD) futures jumped nearly $40/oz. to log their biggest one-day gain of the year,...

Gold (GLD) futures jumped nearly $40/oz. to log their biggest one-day gain of the year, supported by physical demand, prospects for easier global monetary policies and a weaker U.S. dollar. Today's rally brings gold's recovery to ~50% of losses from the selloff that began ~$1,560. Silver (SLV) enjoyed an even bigger bounce, rising 5.7%, but it needs a lot of catching up to approach historical gold/silver ratios.
Comments (12)
  • Ya come silver let's do a little catching up.
    25 Apr 2013, 03:52 PM Reply Like
  • Do not sell, patience!!!!
    25 Apr 2013, 04:36 PM Reply Like
  • Patiently waiting for the lid to blow off this thing.
    25 Apr 2013, 04:50 PM Reply Like
  • I own physical of both metals. No worries on values as I consider it insurance against failing fiat currencies. It will always be a better long term hold than any of them in my opinion.
    25 Apr 2013, 05:07 PM Reply Like
  • I just bought 2 pounds of GLD. Consider it A big gamble at this point since it could drop to about $1250/Oz. now I'm hopin'and a- prayin'.
    25 Apr 2013, 05:53 PM Reply Like
  • I'm looking for Gold to fall to $700-800 level this summer. Silver to catch up to 16:1 ratio. That would be $50. Where are the HUNT Brothers when you need them?
    25 Apr 2013, 07:11 PM Reply Like
  • Where are you looking David ? In the stars, or tea leaves ?
    26 Apr 2013, 08:57 AM Reply Like
  • I was born with a silver spoon in my mouth, literally.
    26 Apr 2013, 02:34 AM Reply Like
  • I have been investing with real assets forever. I was born with a silver spoon in my mouth, real silver.
    26 Apr 2013, 02:44 AM Reply Like
  • Roper,


    You are wrong. Gold is heading to $11,850, while silver heads up to $950 to $1,100. In 1980, we did not have over $17 trillon of known debt, $220 trillon of expected debt to until the baby boomers die off in medicaid and social security debt. We need to print the money, ha ha. When over 50% of the world's trade is not using the dollar for trade, the USA is no longer the reserve currency, when that happens prices will shoot up 35% across the board. It ain't gonna be pretty. David, a few reasons why, I have about six more, if you want to sit back back and learn from King World News.Your 16-1 ratio is invalid, it will be more like 10-1. That is the long term comparison, however, 6-1 may be the ultimate sitting of the gold and silver comparison.
    26 Apr 2013, 02:46 AM Reply Like
  • I think the whole thing is rigged. Short term trades only
    26 Apr 2013, 03:28 AM Reply Like
  • zerohedge had an article yesterday reporting that the JPM gold vault gold inventory was reduced by some 60%-that is fairly huge-JPM vault is co-located or right next door to the Fed gold vault in Manhatten:


    26 Apr 2013, 02:46 PM Reply Like
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