Gold is Strong … Oil is Stronger … Silver is Strongest!

Here are three charts you may find interesting.

You know that gold is doing very well, right?  This morning it was at $1,436.80a troy ounce, near the intraday record it set last month of $1,447.70.  That’s good. However, crude oil – which saw the U.S. benchmark price climb over $108 this morning – is doing even better, performance-wise.

Now here’s something else interesting.  The news in silver is especially bullish.  It just hit a new 31-year high this morning.  And this extends silver’s outperformance compared to gold.  In fact, the gold-silver ratio is at least at at 20-year low, and I could show you lower than that, but the charts from Stockcharts.com don’t go further than that. Take a look …

.  Some analysts believe the gold/silver ratio will go back to 16 – the ratio of silver to gold in the earth’s crust is 16-to-1 – others think further.  I think 16 is likely longer-term, though we may see gold play catch-up in the shorter term as the world realize that Europe hasn’t fixed its financial woes, which grow worse with every passing day.

So how about the relationship between silver and oil?  Here’s a chart of that …

Clearly, silver has been winning the race with oil, too.  The trend is your friend – until it ends – so this tells us where we want to put money for short-term outperformance.

Tagged as: crude oil, gold, silver

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Japan’s strongest quake in 140 years could have been predicted

Written by Canadafirst on 11 March 2011

The strongest in 140 years earthquake near the north-east coast of Japan created the threat of giant tsunami waves across the entire Pacific area. In Japan, the disaster has already caused a 10-meter high wave that crashed onto the shore destroying everything on its path. Millions of houses have been left without electricity, including in the country’s capital, Tokyo.

The number of casualties is still unknown, although it is clear that the death toll is growing. Many of the victims have most likely been buried underneath the rubble.

International experts say that the giant waves may flood several small Pacific islands entirely. Many others, including the chain of Hawaii islands, are facing the threat of serious destruction.

The tsunami threat will stay on for hours. Japanese specialists say that today’s 8.9 magnitude earthquake is the strongest since 1872, when the country started to register quakes officially. The Great Earthquake of September 1, 1923 was measured 7.9 on Richter scale: over 140,000 people died in Tokyo and suburbs.

The epicenter of today’s earthquake was located 373 kilometers to the north-east from Tokyo, at the depth of 24 kilometers. Several other less powerful quakes (magnitude 6.0) took place in the area afterwards. The epicenter of one of them was located 67 kilometers far from Tokyo. Not less than 14 large industrial objects are currently ablaze in the area.

Russian scientist Yevgeny Rogozhin, deputy director of the Institute for Earth’s Physics, said that the Japanese quake could have been predicted. A weaker earthquake took place in the area a week ago, he said.

“There was another earthquake several days ago. I think that it was a foreshock. It occurred further north of the current quake, near Honshu island as well. It seems that it was the location of the edge of the seismic center of the quake, which took place today,” the scientist said.

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