"The Decade of EPIC Begins"
MS-Morgan Stanley stock is sick boys...it is NOT responding to anything. Keep a very close eye on this one...reminds me of the Bear days....
Or well-connected money placing their bets knowing the outcome of Fed speeches this week?
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@SGS: did you get the candle today that you wanted from AMZN?
James West: Unrestrained Bullishness for Gold and SilverJW: Well, first and foremost, I love silver. I agree with Eric Sprott in his assessment that silver is the investment of the next decade. At some point, the daily interference of government-sponsored market manipulation in the futures and options markets of commodities, and most recently stock index futures, must come to an end. As it does, silver will finally be free to reflect the pent-up investment demand that the compromised futures marketplace masks. Silver should explode to the upside, and I have no hesitation in predicting a near term 30:1 price ration in terms of number of ounces of silver it takes to buy an ounce of gold. That implies a silver price of $60/ounce (oz.) if gold is trading at $1,800/oz. And I think we'll see that at some point in 2012.There is going to be an explosion in demand for monetary metals, and many people forget that platinum is a monetary metal as much as gold is, and, at its current price, is seriously lagging its decade-long trend of out-pricing gold by a large margin. Platinum has averaged around $400-$420/oz. higher than gold in the last 10 years, but while gold has risen by 32% this year, platinum has increased in value by only 5%. And let's not forget that the political situation in South Africa is becoming increasingly hostile to foreign mine ownership, so you can expect investment in mine-dependent infrastructure to go wanting where it is already in a decrepit condition. That will negatively impact global supply, and thus put upward pressure on platinum prices, in the long term. If the demand for gold is based on value preservation, then platinum serves that function just as well.http://www.theaureport.com/pub/na/10947