$US gets a new hit

India, China, Russia, Brazil and South Africa today signed an agreement that will enable them to provide credit to each other in local currencies and collaborate in capital markets and other financial services.


http://in.news.yahoo.com/brics-signs-deal-using-own-currencies-credit-grants-20110413-235700-179.html

US $ is doomed. This will accelerate the fall. Dollar index rose yesterday, but will fall with this news and the day dollarindex hits below 70, there will be a scream/rush to buy base metals. Though this looks to be far, but the end is coming.

Keep adding to your Physical money (Silver and Gold)

Silver hits $40 mark

Reasons of going up

• Demand Supply mismatch. Investor and industrial demand at its peak.
• Silver reserve just at 6 months demand.
• All informed investors / HNI holding long positions.
• Cost of mining has increased.
• JP Morgan has 100 times Shorts to cover then the available stock of silver. They will have to cover up their shorts or go broke and this will drive prices high.

What Next
        Keep holding Physical delivery of Silver and keep adding on dips.

                       The Golden advice  - Buy Physical Silver :)