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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
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crash banksters – Buy Silver & gold
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Tag Archives: silver
[TaM-1218] The Truth About Markets – 24 September 2011
Posted in Max Keiser Audio, The Truth About Markets London
Tagged gold, silver, truth about markets
BTFD, But Don’t Catch a Falling Knife
STACY SUMMARY: Hedge funds are liquidating (and there are rumors that John Paulson is one of them) as they meet margin calls while waiting for Bernanke to whip out the Fed’s teat. And Tuesday is option expiry, so I’m waiting to closer to then to buy some more. As Ben Davies tweeted today – don’t buy until it stops falling. You don’t want to get caught in the middle of some poor schmuck’s bloodbath.
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“In other words, the gold shares are currently the cheapest that they have ever been, excluding a one-month period in the fall of 2008.”
Osiris Investment Partners went on to write: “[S]ince the early 1980s, when the XAU Index was first constructed, until the fall of 2008, this ratio remained in a range of .16 to .38, even during the depths of the gold bear market. [That is the ratio of the XAU Gold Stock Index divided by the price of an ounce of gold in U.S. dollars. - FJS] During the financial crisis of 2008, this ratio dropped briefly to .09. Since that time, it has traded up to .16, but it has never exceeded the former floor. As I write today the ratio is .114. In other words, the gold shares are currently the cheapest that they have ever been, excluding a one-month period in the fall of 2008. On a fundamental basis, gold stocks have historically traded at 10 times or more annual cash flow. We are presently seeing many companies priced at one to three times potential forward cash flow, if they can execute their plan. Clearly, not all of them will realize the potential. However, many will.”
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Thai Exchange Halts Silver Futures After 10% Price Jump
Stacy Summary: The Thai SLA is on the march.
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