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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Post by stargazer1on Sep 21, 2007 3:46am
228 Views
Post# 13440608

Silver after hour (overseas) trading + gold

Silver after hour (overseas) trading + goldGold has continued climbing since midnight and is now at $738/oz, a new 28 year high. Silver closed at $13.40, and already in three hours trading since midnight, is at $13.61 The all time high in the last 28 years was $14.94 and we are marching towards that point and will soon pass it. The high in 1980 for silver was $54, which in inflation adjusted terms is $70. Commentators are saying that this bull market will be even stronger than the 1980's, so we can look forward to much higher prices in silver and gold. And if you want to talk about an ALL TIME HIGH IN SILVER, in 1477 the price of silver reached $700/oz. We may not reach that this time around, but we do know that gold and silver are going to go a lot higher. So I think that we can forget about thionking of gold in the $500-$600 range, even though that is its three year average. We are in a long term bull market and before long we will have gone through the $700 range and will be in the $800 like we were in the 1980's, but at todays prices that will be +$1,000. Many commentators are saying that that is a minimum price target and one respected commentator is saying $2,000/oz is a reasonable price. One even said $5,000, which we may not reach, but it IS being talked about. Copper is also on the move now. Our price has been going down, but that is good. We KNOW that we have great properties. It is just a matter of time until our stock price reflects this, and so, the thing to do at these prices, is buy more shares.
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