Thursday, March 19, 2009

Please Buy Silver NOW!!!

As I type silver is up 12.19%. Silver is going to break out even higher very soon. I see silver at $16.00 by the end of the month or higher. Just my guess no facts to back it. The dollar is down, oil is up, stocks are in a bear market rally, and the printing presses are smoking hot. Can you say massive inflation? They talk about deflation but with all the money set to be printed how can that be true. The more money you print or electronically create the less it is worth.

Just heard an analyst state he thinks the Fed may increase balance sheet to $6 TRILLION soon. This is double the estimate of some but why should they stop now they are on a roll.

Silver's move will be fast and furious. Right now it takes 70 ounces of silver to get 1 ounce of gold. Ratio should be around 50 to 1 or silver at $19.00 an ounce.

Silver's percent gain is DOUBLE that of gold at a little over 6%.

I have encouraged everyone to buy silver before and I hope some have taken my advice.

I was big in to silver and gold in the 80's and I made a ton. Got out before it dropped. I do not see that happening here. Too much printing going on and the economy is much worse off. I see stocks dropping to the 1985 levels eventually. That would put them in the 1500 point range on the Dow. This is all my opinion but I have a feeling that this is the time for all of this to come true. By the way the in 1987 the highest % loss ever on the Dow was -22.61% and the 7th highest % gain on the dow was also in 1987 at 10.15%, two days after the -22.61% drop.

Who wants the dollar now, which means who will buy our Treasuries besides the Fed?
The dollar was worthless as you know before this and all of this does not make it any better.

This bear market rally has historical relation to the crash of 1929(actually occured in 1933) see my post of GREATEST DOW JONES % GAINS EVER.

Well nobody can say I did not try to convince you.

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