TSXV:SLX.P - Post by User
Comment by
farshooteron Dec 04, 2010 6:56pm
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Post# 17801644
RE: ?Little Upside Left in Silver
RE: ?Little Upside Left in SilverThank you for sharing the article with us, luker222.
What is extraordinary is that in the whole aricle, Eric Lam makes no mention of the illegal manipulation of silver prices ... nor does he mention the successful maneuverings---through long term forward contracts, like 5 years, for example---of jerks like Barrick Gold Corp. in keeping gold prices low.
Oh, yeah. I would like to remind Eric Lam that 3-year Cana Premium Bonds pay a "whopping" 1.70%. Go ahead, Mr Lam---tell your readers to lock up their money for 3 years ... and then please try calculating their REAL return while you're at it.
"The silver-to-gold ratio has increased almost vertically. Silver was trading at approximately 1.6% of gold back on Sept. 23, while it now trades at 2%. This is almost two standard deviations above the long-term average of 1.5%,” Pierre Lapointe, strategist with Brockhouse Cooper, said in a note Thursday. “This suggests to us that there is little upside left in the silver-to-gold ratio."
Pierre Lapointe, next to a guy like Pierre Lassonde, is a chimp masquerading as an informed financial analyst. You think this chimp has his own money locked up in Canada Premium Bonds?