“Massive Storms” in Silver Market Before American Election, Silver $150
[Ed. Note: Seems unlikely in such a short timeframe. I'd bet against this "prediction."]
by Dominique de Kevelioc de Bailleul
Beacon Equity
Speculation of a post-presidential-election-central-bank-coordinated money bomb of fresh new cash from the Fed, the ECB and other central banks, appear to be just that: speculation. That, according to a regular guest of Eric King’s King World News(KWN), Swiss money manager Egon von Greyerz.
The global central bank bailout and “the coordinated money printing I have been talking about for a long time is going to happen this autumn,” says von Greyerz. “I can see an autumn with massive storms, Eric.”
Not only has the precious metals market sniffed out an imminent and overt global QE3 plan, the western bank cartel is presumably buying the Spanish 10-year bond ahead of the announcement, taking rates sharply down within a two-week period to 6.02 percent, from a 7.62 percent print of Jul. 24. Buyers of the Italian 10-year nearly achieve the same performance during the same time period.
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2012-09-07 05:52:39
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Buy a few sliver dollar now and give them at Christmas time. If they raise to over $150. great gift. If not great stocking Stuffer.
“We will reach these short-term targets of $50 in silver, and roughly $2,000 in gold. But I would add that I expect gold to reach $4,000 to $5,000, and silver $150, without any major correction.” The time frame for such a massive move, he has said in previous interviews with KWN, is 12 to 18 months.
Note to editor: I agree with you and if I was a derivative participant I would probably make money speculating against this one. I did read that $65 by the end of summer is more likely, and don’t get me wrong I’ve made money on metals, but over the last 15 years many of the engorged predictions regarding precious metals I have heard have been more hope and hype than reality. Much like, and again just an observation, but much like the “October surprise” I have also heard about over the years it seems like much fluster and little fact.
Silver is a great metal to have. It’s innate value in electronics, as the most conductive metal, goes beyond the “I think it’s valuable therefore it is” crap. It’s valuable, and only moreso now with computer circuitry. When you absolutely have to have the fastest electronic device on the planet, it has to be made of silver.
In any case, yes, I know silver will go up. Mostly because our fiat currency will be inflation by “quantitative easing”. Meaning they’re going to flood the market with more useless paper. A loaf of bread for 8 bucks will be the new normal.