The Phaserl


Silver price breaks out of a declining pattern and rallies 9% on Bank of Japan money printing

from Arabian Money:

Silver has bounced off the bottom of its recent trading range. The shiniest of metals has surged nine per cent in price to $28 an ounce since the Bank of Japan announced its $1.4 trillion a year money printing program last week. But silver prices will go much higher.

Money is already starting to flood out of Japan, even depressing yields on Spanish debt and boosting the euro as newly minted money exits Japan where bonds now take 10 years to earn half a per cent in interest. It would take 180 years for a holder of Japanese bonds to make the same return as silver in the past week.


Silver is an obvoius choice for speculators as a volatile and tightly held commodity and monetary metal. Could silver be the money than really wins the currency war?

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