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Silver Stock Report "We are in a bull market for silver, gold, and many other metals. Have you ever seen those guys who try to ride bulls? They typically last only about 10 seconds before getting bucked off. That's the job of a bull, to buck off those who attempt to ride it." (June 9, 2006)

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Quote"Silver has gained over 10% in the last 6 months, from $10 to over $11/oz.

Silver has gained 49% over the last 12 months, from $7.50 to $11.21/oz.

Those gains are so huge, it must inevitably draw money away from bonds, and into silver (and gold).

Silver stocks, on average, have gained 57% since January 1, 2006.

My own portfolio is up about 100% in the last 6 months--I'm glad to know and report that I'm outperforming my favorite market sector; both silver and silver stocks.

. . .We are in a bull market for silver, gold, and many other metals. Have you ever seen those guys who try to ride bulls? They typically last only about 10 seconds before getting bucked off. That's the job of a bull, to buck off those who attempt to ride it.

Bulls also gore people with their horns, and use their horns to throw those bull riders into the air. I see a spike on the gold and silver price charts that looks like a bull's horn. It just gored all those who tried to use borrowed money to try to take advantage of the bull.

But the overall bullish trend is still solidly in place, and the fundamentals are all still strongly in place, or are getting better:

There is about $50 trillion in paper money in the world; and about another $50 trillion in bonds; for a total of about $100 trillion. In contrast, all the gold in the world, about 150,000 tonnes, or (4.6 billion oz.), at $610/oz., is valued at $2.8 trillion dollars. Clearly, since bonds & dollars are in a mortal competition with gold as money; and since paper money is losing the battle (as we are in a bull market for gold), the total value of paper money will be going down, and the value of gold will be going up.

Due to how much paper money there is, one way to think of it is that the printers of paper money have stolen each ounce of gold that exists 30 times over! That kind of theft cannot be kept.

One explanation I've read that explains the current dip is that Japan is tightening money, and raising interest rates above 0%. So, people who had been borrowing yen, to invest in gold, silver and commodities, decided to sell commodities, to buy back yen, to close out their "yen carry trades" before many others who will become increasingly compelled to do so.

But due to the small size of the gold market, gold cannot truly be sold to raise funds to pay down debt. There is more debt than can be paid back, even if all the gold in the world were sold multiple times." (June 9, 2006)