Inspiration

If pigs could fly this place would be a busy airport, says the sign in my local pub.
But the price of gold is flying. And Hong Kong will open a new precious metal depositary at its international airport.

A discussion was started by Michael Lewis and is now getting wings. Also Paul Krugman has written a piece: How Did Economists Get It So Wrong?
If you want to read something this weekend… well here you go

• Huge day for gold and silver miners... majors Goldcorp and Kinross reach new 52-week highs. Jaguar, Eldorado, Goldfields, Minefinders, Silvercorp, and Silver Wheaton at new highs.

• iShares silver surges to new 52-week high.

• Don't forget the bull market in lead... lead ETF at new 52-week high.

Enough said. It's time to switch off the PC and walk to the pub to enjoy a good Guinness and some songs

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Gold and silver

The gold price is rushing to the magic 1000 USD/oz limit. Once more. After one year of hesitating and supported by fund buying, gold is catching the public eye again.

But the real winner is not gold but his buddy, silver. If we take the ratio between both we observe how much stronger the orice of the latter is.

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