Something VERY BIG is Coming to Silver
by Dominique de Kevelioc de Bailleul
Sep 04, 2012
Something truly very big is coming to the financial markets, and the precious metals are the place to be when that something big happens.
Too many analysts have come out lately, throwing around lofty targets to the price of gold and silver markets, and to take place within a very short period of time, for nothing concrete scheduled by global monetary ‘authorities’.
Something more than mere conjecture is at play.
The latest prediction for a moonshot in the silver market comes from Goldmoney Founder James Turk, who foresees, not only a massive short squeeze coming, but also surmises, at least, momentum also popping the top off the price of the poor-man’s monetary metal.
“I expect to see $68-$70 in 2-to-3 months,” Turk tells King World News (KWN), Monday.
Though incredible as that prediction may seem, others very close to the silver (and gold) market expect a similar explosive move in the metal.
“We could see those levels ($4,500 – $5,000 on gold) within a year and possibly much faster,” Swiss money manager Egon von Greyerz told KWN, Aug. 23. “This autumn we are going to have a very strong move.
“If we look at silver, silver is going to move a lot faster than gold,” he added. “The same technical target for silver is $150. That would move the gold/silver ratio down to 30/1.”