It’s almost funny how the Presstitutes are ignoring the fact that the price of silver is on fire.
And since the end of November, it’s up over 55%.
Compare that to gold that is up 9.5% in the same period.
Both are impressive but Silver is quietly stealing the show from gold.
And today we have SilverLoneRanger (who gave us a rant about silver only 2 weeks ago) chiming in with his $0.25 cents worth (adjusted for inflation) about the path of silver.
So, take it away SLR.
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Hi James. As you probably know, silver is on a moon-shot trading over $80 per ounce on Friday.
And most people are unaware that since my last rant (two weeks ago) Platinum is up a mind-boggling 40%.
But we know that Gold gets all the attention.
I gotta hand it to you, James, your call on the precious metals – ESPECIALLY THE MINING STOCKS – has put a small fortune in my accounts…this year alone.
Two weeks ago, I said the initial resistance on silver would be in the $65-$68 range.
Man, it blew through that like nothing I’ve ever seen. And I said the next resistance would be $80-83.
And low and behold we’re already there.
I initially thought $100 per ounce would be 1-2 years out. But I’m not so sure anymore.
It could be over $100 in a week or two.
Many of the Guru Wannabes are saying that the movement of silver has to do with China.
On Christmas Day, silver futures in Shanghai traded roughly eight dollars per ounce above Western reference prices.
The premium widened relative to COMEX and persisted despite limited liquidity elsewhere.
Silver’s advance is being mischaracterized as another speculative cycle.
But the more important signal is not the magnitude of the move, but where stress is emerging.
Regional price dislocations, product failures, and abnormal behavior in London’s bullion market all point to a market struggling to keep up with physical demand.
My question to you is: When to the Boyz declare Force Majeure?
Because that’s when the SHTF.
BTW, your special report “Gold, If You Don’t Hold it, You Don’t Own it” does an excellent job of describing Force Majeure and what happens in the market when it occurs.
So, keep stacking silver, brother…and I’ll probabaly buy some of you mining recommendations on any weakness in the markets.
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Thanks, SLR for a great rant.
We couldn’t agree with you more.
And if anyone is interested in the SPECIAL REPORT ABOUT GOLD, here’s the (LINK)…and it’s FREE.
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Share this with a friend… especially if they’re still thinking about buying Silver. They’ll thank YOU later.
And tell them:
We’re Not Just About Finance
But we use finance to give you hope.
“And you shall know the truth, and the truth shall make you free.”
~John 8:32~
