$30 support, page-7

here is a great quote from Ted Butler that I grabbed from Ed Steer's daily report. essentially it highlights how undervalued the POS is in comparison to the POG.

the quote (with my highlight):

Here's a free paragraph from silver analyst Ted Butler's weekend commentary on Saturday...

"The total dollar value of the world’s three billion ounces of gold bullion has reached ridiculous levels relative to the dollar value of the world’s one billion ounces of silver bullion. At current prices, the dollar value of gold is 165 times greater than the value of the world’s silver. That’s way too much for two items so closely similar. Here’s another way of looking at it. Last week’s $23 rise in the gold price increased the value of the world’s gold bullion by almost $70 billion. That’s more than twice as much as the total value of what all of the world’s silver bullion is worth. I’m talking about the change for one week in gold being twice the total value of all the silver in the world. That’s crazy...and is due to silver being artificially manipulated in price."