There are people who have written me as I watch both primary precious metals charts over the last several months as if I'm some kind of bad guy for mentioning lower priced SILVER. For some reason I think these people just want to believe it's going up. Well I have news for you: It's going down! If you don't like that then stand on your head and watch the chart so you feel better and take in a news link from James Turk, Bix Weir, SGTbull07, and several others who tell us SILVER is going up.
Take for instance Lindsey Williams who recently declared his insider information from his elite contacts that SILVER is going to go up 25% here after September. Now do the math:
34.28 + 25% = 42.85
$42.85 is not near the high that silver was at $49.79 back in early May this year. And I remember Lindsey Williams inside information back in February was above $50 SILVER soon. So it appears the information was slightly inaccurate from the elite. Maybe this time it's more exact. Get you pencil and paper ready folks....
Write this down: "DO NOT BUY SILVER JUST BECAUSE SOMEONE ELSE TELLS YOU TO." Do you think that's a good idea?
You will watch the big "truth movement" of Alex Jones who pumps a company by Ted Andersen that sells junk silver way above normal premiums and many other alternative false news junkies go crazy now as the price collapses. They cannot handle it. Unfortunately others such as RawDog are getting frustrated and feel helpless against this lost investment desperately hanging on hoping it just climbs above $45 so they can dump it and move on.
It's a sad situation to be in watching the price drop if you are heavily invested and constantly listening to people tell you the price is going up while it's dropping and all you are told to do is "buy the dips", etc. My advice?
Well I don't trust any of the silver forecasts out there and it really doesn't matter because there are other investments being overlooked at the distraction of silver and gold. If you think the US DOLLAR is going to collapse think again. Even Lindsey Williams who mentions the "Petro Dollar" back in February changes the "Petro Dollar" now to be the upcoming new currency. Did anyone catch that? You have to LISTEN to Lindsey Williams double-speak to figure that out.
You might want to search LINDSEY WILLIAMS here on The News UNIT Search Engine on the right column here and study what Lindsey Williams has been saying. You will find it is rather inconsistent. Don't believe them!
So where do I think silver is going? You would love to hear that wouldn't you? I had expected $75 by now but I was wrong. God forbid anyone can say "I was wrong" today! I'm not making any predictions although I have a "feeling" about it that hasn't changed much lately and that is it's going DOWN. How far down? Not sure but it looks to be much lower.
So treat this like a stock look at the chart and make your decision. Is there really a demand for this stuff? In the meantime there's money to be made elsewhere even in a falling stock market.
And let's watch APMEX, Gainesville Coin, Tulving, Miles Franklin, NWT Mint, SGC Gold Corp., Midas Resources, and a few others and see who's left in few months selling. I am noticing several sale advertisements showing up. I don't think there's many buyers right now. Kind of scary eh?
(If you leave a COMMENT below please leave your silver forecast and please be specific. I know there are several of you who like to call some of us bears as we observe the price fall and say so. So tell us then how nicely it's going up. Thank you.)
Don't miss this LINK if you haven't seen it:
http://thenewsunit.blogspot.com/2011/06/examining-lindsey-williams.html
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