OJO Zafado

What’s Behind the Slide in Gold and Silver?

It is difficult to interpret what the conclusions are of the author given all this technical charting and sniping at the world's Gov't "men behind the curtains". While a particularly dry text it is has some merit based on the use of so many critical euphemisms. I am particularly enamored with some not used here like, "Ben the Dollar Slayer", " Henchman of the Dummya" . The sentiment of the author's remarks would seem to echo those as apt descriptions. So I guess my question is , based on all this discussion was my purchase of a partial position in GLD @ $83.73/=~$850 an ounce yesterday, ill timed? I have watch listed the DBP as it is a dual participant in the Silver and gold market. Still there seems no really good US based ETF yet that can match US Investors' "basket" diversification as reflected in it's mutual fund UNWPX. UNWPX is a $5K initial investment and has a 6 month trading restriction. An ETF where you could take partial positions and not be penalized for a trading decision would certainly be welcome. There are some of these funds trading in London and Canada that like UNWPX contain palladium, platinum, rhodium and other precious metals in addition to silver and gold. I own RJI and find it a very good fund if not for it's higher expense ratio. I will add to DBA if it drops a little more to below $35. MOO is my most heavily weighted of these three. I am not selling any of it. There seems to be no end in sight to $ destruction, with even McCain trying to out Democrat the Democrats with how much tax money he can give away to buy votes. He will end ALL earmarked pork barrel spending to pay for his proposals. This is just more of the "DUMMYA" cut taxes and dramatically increase spending on EVERTHING. As if McCain will have any ability to end pork when elected given the state of the country and the Congress most likely to sliding even further into the control of the Democrats. The Democrats at least propose some tax enhancement to get the Fed to rescue Student loans, and save Medicare and Social security. Abrubtly withdrawing from IRAQ and leaving behind the collaborators to fend for themselves could serve as a sobering lesson to the rest of the Eh-rab world. The nearly 5million refugees we have thus far created could be doubled in number and a wave of genocide of Eh-rabs killing each other will certainly ensue. That would save us $800 billion a year. So the Obama guy really will cut spending! Never the less the author's observations of those running the EC , seems to indicate at least some concern for how to maintain the confidence in linen fiat currencies. Reguardless of the current rally in the bear market for the US $ it seems it is destined for some hard times globally in the longer term. There is a real rise in demand worldwide for commodities and a huge amount of linen curency out there as the US has exported it's inflation machine worldwide. The Chinese had so much linen that they found the idea of a Strategic Petroleum reserve to be an excellent idea and have started one of their own. That is alot of linen money that could have gone into purchasing more US treasuries that are losing alot of value. Value, which has nothing to do any more with losing alot of money. We know that "they" were cooking the LIBOR rate numbers until recently. Does any one have an opinion on whether or not the US Treasury may be cooking the TIC data that is 3 months delayed and reported around the 15 th of each month? Are gold and silver likely bottoming here or are they going some or alot lower with this Faux $ rally?