Tuesday, July 26, 2011

Gold and Silver Scam Artists On the Increase

INVESTORS BEWARE!

The potential for GOLD and SILVER to rise due to the threatening default of the U.S. economy and the threatening stock market crash has also brought an increased interest to those who suggest to readers that they have INSIDE INFORMATION or some kernel of wisdom for investors to follow like sheep into new censored blogspots or private websites for a "fee for service".  These clowns have been working their followers right into a trap and in the end could care less how much money their readers make or lose on their latest idea or penny pump and dump stock just so they can increase some aggregate bidding on their equity to their own advantage.  In the end they will leave you high and dry so you are better off avoiding these crooks as they are out for their interest only and they will lie in wait to catch the simple unawares.

As for all the latest price outlooks for both SILVER and GOLD here's my own idea on it:  It looks like a rally right now is about to take place in precious metals but the problem is they have disconnected from tracking with the stock market and oil.  It also seems to me this is a false rally and I have my doubts that silver will surpass $50US simply due to it's large industrial use in electronics.  Some of the bulls here will be happy to see $45 and then probably scream here comes $100 (as they already are) but I believe the down turn is more likely at this point.  Although I think gold will also experience a pullback it seems that tends to remain rather strong so I don't expect it to fall much more than $200 from it's short term highs.

Soon there will be no "investments" in this economy and if we do suffer some major economic collapse there will be mass chaos.  It will simply be survival time....developing...