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So says James Turk, but these guys are starting to sound like the boy who cried wolf. Of course, the wolf did eventually show up.
April 1, 2010 – Everything is lining up for silver, which looks ready to soar. The catalyst to launch silver like a rocket may very well turn out to be last week’s CFTC hearing, which revealed the huge naked short position in the precious metal markets.
In my annual forecast for 2010, I said: “We need to start thinking about silver hurdling above $50. If it doesn’t happen in 2010, this important event – which is unimaginable to many – will I expect happen in 2011.” The following chart suggests that my forecast is still on target.
http://www.fgmr.com/silver-looks-ready-to-soar.html
April 1, 2010 – Everything is lining up for silver, which looks ready to soar. The catalyst to launch silver like a rocket may very well turn out to be last week’s CFTC hearing, which revealed the huge naked short position in the precious metal markets.
In my annual forecast for 2010, I said: “We need to start thinking about silver hurdling above $50. If it doesn’t happen in 2010, this important event – which is unimaginable to many – will I expect happen in 2011.” The following chart suggests that my forecast is still on target.
http://www.fgmr.com/silver-looks-ready-to-soar.html
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