Wednesday, January 9, 2008

Investing in Silver....part 3

The other factors that are contributing to silver prices skyrocketting up are:

The currency traders are exiting the market and entering the bullion market. These type of traders prefer gold, silver & platinum. Once they start to realize the value of silver...prices will escalate like anything.

And currency traders know very well the fact that THE PRICES OF SILVER HAVE MORE THAN DOUBLED AGAINST THE VALUE OF THE U.S. $ SINCE DECEMBER 2001.

Once these same set of traders realize that returns from silver will be far greater than gold, obviously they'll turn to silver.

check out the following graph from stockcharts.com:


Post 9/11......after a buffer time, the U.S. $ (red line) begins to fall.

FROM ABOUT THE SAME TIME, SILVER PRICES (blue line) BEGINS TO RISE.


Obviously, this is an effect of the currency traders shifting attention to silver.

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