In the event that that move occurred solely from a shift in Gold prices that would mean a move greater to about $1,960 in the price of Gold. The indicators Relative Strength Index (RSI) and Moving Average Convergence Divergence indicator (MACD), also support a move greater in the ratio. And also the exact same thing is appearing in the ratio chart of Silver ($SLV) to the Euro, only this triangle is 6 months longer. The goal for this pattern would be to a ratio of 0.385 or over 50% greater, which would take Silver back near to $50 if that solely drove the move. Rare Coins, Silver Coins, Gold Coins, Learn more >> http://www.goldcoins.gold-
The index charts looks like they need a consolidation first although using the RSI in overbought territory. $1960 for Gold and $50 for Silver. Wow! But obviously these ratios can achieve their targets by modifications in the Euro also. The thing is the fact that as mentioned last week in Euro and Dollar Are Focused on Draghi not Bernanke the Euro is moving greater, operating against the ratio. Are you currently prepared for new all time highs in these precious metals?
Jim Rogers states that the U.S. has been through a recession each four to six years since the starting of our Republic. The year 2013 is bound to become an additional bad year because it falls 5 years following the epic marketplace collapse of 2008 as well as happens to be the year following a significant election year. How high will silver go? Learn more >> http://gold-
In addition, Rogers claims that Europe will totally fall apart following the German political election next year and also the euro is unlikely to survive. That is when he says we “should all be very, very worried.” The United States of America ought to be particularly concerned because we have not correctly recovered from 2008-2009. Each time we face a financial slowdown, the scenario becomes worse than the prior slowdown because our financial debt skyrockets every time.
With $16 trillion in debt and counting, it will not be a fairly image come 2013 and 2014. Soaring food prices, failing fiat currencies, violent strikes as well as riots will all give rise to the coming international crisis of 2013.
It's plausible to believe that individuals in Western nations will withdraw and attempt to get out - such as politicians - following the euro collapses and also the world realizes they cannot maintain printing more paper cash to resolve the fiscal dilemmas.
Along with the American election less than two months away, Rogers says he's practically indifferent to each presidential candidate, even though he believes raising taxes will only worsen the recession right here at home. The only answer to this issue would be to “cut spending using a chainsaw”: cutting spending as well as cutting taxes.
Recognized as one of the original bulls on Asia, Rogers continues in his financial discussion to highlight his views on China. He says China is slowing down, “by design, on purpose” and that he wishes they had been running our central banks. My recommendation is to buy gold and buy silver before the 2013 financial collapse occurs! Rare Coins, Silver Coins, Gold Coins, Learn more >> http://goldcoins.gold-