sdavid0419

Gold and Silver About to Hit Resistance

We got into this situation because our elected officials have acted so irresponsibly over the years. The oh so clever baby boomers tricked theirselves into believing they could have both guns and butter if they used hokey accounting and credit. Just like hokey accounting brought down Enron it will catch up with our government too. Laws like "Murphy's Law" and "the law of supply and demand" can only be avoided before so long and then the pendulum will find its way back. The light is coming on with our crediters. Dubai is building its own Ft Knox. China wants more gold also. Believe me your charts have never seen the kind of demand the lack of trust can develop.


On May 14 12:29 PM Kristjan Velbri wrote:

> David, the charts above show the price of silver and gold futures
> contracts as determined on the futures markets (like COMEX, which
> is part of NYMEX). The price of these metals is influenced by central
> banks, large commercial banks and technical analysis. The days when
> gold and silver were priced according to their actual worth and demand
> on the market are long gone. Some say these times are coming back
> but I wouldn't bet on it. Of course, it would be nice to have money
> with actual collateral.
> If you want to know more about resistance, then google the following:
> technical analysis resistance

Gold and Silver About to Hit Resistance

Go to the US Treasury webb site and try to buy new Gold or Silver coins and you will get the message that sales of these coins has been suspended due to an extreme shortage of blanks to mint them on. You can still get some older coins in PROOF condition at a huge premium. So whats all this resistance about?