siver rally is no bubble..., page-8

Fundamentals...

Comments from Metals guru James Turk of Goldmoney

James Turk - no resistance as Silver nears uncharted territory

Saturday, April 30, 2011

: we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...

http://gold-silver-market.blogspot.com/2011/04/james-turk-no-resistance-as-silver.html


Comments from Eric Sprott of Sprott Asset Management

Fri April 29,2011

Eric Sprott : the real story now is silver

In an interview with the Canadian newspaper The Glob and Mail Eric Sprott Chairman, CEO & Portfolio Manager of Sprott Asset Management said that he believed that Silver is the real story now and it will out perform Gold :"I think gold is the reserve currency today. There is not a currency in the world that it hasn't appreciated against by at least 300 per cent. And it has beaten every stock market. You can't even rent a safety deposit box in Germany because they are all full of gold and silver ...

I am pretty convinced that gold will go a lot higher because it is under-owned as only 1 per cent of people's money is in it. It could go to $2,000 an ounce. I could imagine it at $5,000. I am not giving a time frame on that, but I could certainly see that happening.

But the real story now is silver. Gold has traded at a ratio of 16-to-1 to silver in terms of price, but today it trades in the range of 50 to 1. I think the gold-to-silver ratio is going to go back to 16 to 1 given the passage of time, say three to five years. And I bet you that silver overshoots. The gold-to-silver ratio may even get down to 10 to 1.
"I BELIEVE THAT THE PRICE OF SILVER HAS BEEN SUPPRESSED".


http://silver-shortage.blogspot.com/


IF silver maintains it's bullish run,which is likely,is their another Coy on the ASX that is PRODUCING SILVER(other than BHP) this year..????

At a cost of $14.00 an oz to mine,& production confirmed to commence in late May,big $$$$ will start to come in for AYN in the next few weeks. IMO

Cheers

Sheeza