Misc V Max Keiser ....Who is right on Silver?

[ThePythonicCow]

Re: Misc V Max Keiser ....Who is right on Silver?

Peak oil guarantees the end of industrial society. Our first energy crisis is coming probably within 5 years, and guaranteed within 10 years. Peak oil also guarantees the end of our debt backed monetary system on a planet that has reached its limits.

Do not confuse the beginning of the end with the duration of the ending.

The collapse might start next week, and last 100 years. Nor will the US Dollar be taken out at the first energy crisis; likely as not it will get stronger at some critical moments.

[jpetr48]

Re: Misc V Max Keiser ....Who is right on Silver?

I am not quite sure an energy crisis will cause a drop in silver. It is mined as a byproduct with a growing demand percentage into investment. Eric Sprott has been able to disclose documents last week on supporting his view that silver could/will be the next gold of this decade. The premium on PSLV(physical silver CEF) has gone from 3% in mid November to approximately 11% today.

On silver being demonetized, forget even if the ratio of gold/silver was to jump from 48 back to 60 (silver would be valued at $80-$85 ounce), silver has retained status as a currency like gold for thousands of years.

The reward/risk looks very promising whether you look at charts, fundamentals, history, supply/demand - and if there ever is a short squeeze- then forget analytics and hold on.

[jpetr48]

Re: Misc V Max Keiser ....Who is right on Silver?

Financial Times- JPMorgan cuts back on US silver futures

[Spartacus]

Re: Misc V Max Keiser ....Who is right on Silver?

here's a little more detail:

JPMorgan cuts back on US silver futures

or google it

Financial Times- JPMorgan cuts back on US silver futures

[chedir007]

Re: Misc V Max Keiser ....Who is right on Silver?

And further details from Jesse's Cafe

http://jessescrossroadscafe.blogspot...charts_13.html

[jpetr48]

Re: Misc V Max Keiser ....Who is right on Silver?

Could this be the end of phase two of gold run and beginning of exponential leg?

1) ATM dispenses Gold in Boca Raton.
http://news.yahoo.com/video/us-15749...h-fla-23546620
2) John Embry forecasts gold silver could go ballistic by year end
http://www.sprott.com/Docs/Investors...0_pg401Emb.pdf
3) First - let me qualify that I am a novice at this forecasting compared to likes of EJ etc. I was looking at point and figure charts last night and if Cartel and market forces remain constant (which is a dream) then gold could very well make $1770 by June. Silver will be at $45. Time will tell.