Read the Friday Afternoon Wrap-Up for 5/17/2013 and the Monday Morning Commentary for 5/20/2013
Steve St. Angelo – a/k/a “SRSRocco”; is BY FAR, the best “nuts and bolts” mining analyst out there. Utilizing actual research – as I did as a buy- and sell-side equity analyst from 1996-2005 – he puts together the best forensic arguments for PM undervaluation in our world. And I’m not talking about the vast undervaluation caused by non-stop Cartel SUPPRESSION; but instead, calculations of the marginal cost of production – of gold…
BREAK-EVEN GOLD NOW AT $1,300+
…and particularly, silver; whose fraudulent PAPER prices make nearly the ENTIRE silver mining industry unprofitable…
In fact, his fine work inspired several, recent RANTS…
…including…
…and…
“UNENDING ENERGY INDEPENDENCE HYPE”
This week, I came across a piece he wrote detailing many of the arguments in “PEAK SILVER?”; demonstrating why silver MUST eventually trade above $100/oz – that is, in pre-HYPERINFLATED dollars…
The Forces that will Push Silver over $100
Ultimately, the Cartel WILL lose the WAR for $50/oz…
“ULTIMATE QUADRUPLE TOP BREAKOUT”
…resulting in a dramatic plunge in the gold/silver ratio – from its current level around
“54”; inevitably, to much higher levels. In fact, my personal “targets” – based on the “mathematics of gold” formula below and a gold/silver ratio of between 5:1 and 15:1; are $15,000-$20,000/oz and $1,000-$4,000/oz, respectively…
Jim Sinclair revealed Trading Legend Livermore’s Mathematics of Gold
The reason I publish such research is help you realize just how draconian the impact of 15 years of price suppression has been. Frankly, I don’t care what the ultimate “dollar value” of PMs end up being; as I own ounces in anticipation of the return of the gold standard, whenever that may be; at which point, the “dollar” as we know it will be no more.
