Re: GOLD,SILVER BULLION AND STOCKS APPEAR TO HAVE BOTTOMED ACCORDING TO THIS
posted on
May 05, 2012 02:35PM
brutus and Thistime, thanks for your submitted info. It's always a good idea to be adding to your perspective.
To be honest, I have no precise idea as to timing of when the current under-valuation of the pm shares will turn and correct to historical levels, if ever that happens. As mentioned, the old range use to be from just above 3 to just under 6. Today, the Gold/XAU ratio last now stands near 10.50. I was hoping the 10 area would hold and it may still generally, but the ratio apparently is on an extreme push and where "she stops no one knows" but it is expected that we are getting near.
It is quite apparent that the powers to be will do everything and anything to sway the public from pulling their deposits out of the banking system. It happened in 2008 and it's happening again. The boys seem to have a problem tanking gold recently with big buyers showing up on each manuafactured down spike on the metal. The question is, how much more paper will the international market take before physical reigns supreme?
In the case of the shares, it's easier for them to run their suppression techniques. Their skulduggery of printing new securities with their naked sales for each company continues to go unchallenged by regulators. Apparently, regulators are not completely embarrassed when more shares are voted during annual meetings than were issued by the company.
Why these so-called regulators, the worst being the SEC, are not concerned with the illicit dilution of property owner's rights to vote their fair share is beyond me. When the Madoff pyramid scheme was originally delivered to them on a silver platter they ignored it for years. They also have ignored John Corsine at MF Global for appropriating customer funds and then covering the company's sovereign debt losses by directing those same funds to JP Morgan. Why is Corsine still walking the streets instead of wearing the jailhouse garb?