Monday, February 20, 2012

James Turk says $68 to $70 coming in three months

$68 to $70 SILVER

http://seekingalpha.com/article/376971-james-turk-more-bullish-on-silver-than-gold?source=yahoo

Does he mean the paper price or physical price?  Looks like the chart doesn't agree with him here below.  Could it be the Sprott Cartel is going to have to take a large short position now to protect their assets?  Or will they buy the dip down to $25.00 or $15.00?  We'll find out soon enough.  A local coin dealer told me if every household in the U.S.A. bought one roll of American Silver Eagles that he would expect the price of silver to rise above $100 in a short time.  Do you believe that could happen?

My feeling is that the more important commodities are the currencies and who will ultimately win the battle for the CRUDE OIL CURRENCY now known as "The Petro Dollar".  Seems something is stirring along the battle for a global currency.  Why Colorado and Utah are gearing up for GOLD and SILVER currency could mean some sort of succession from the U.S.A. should an uprising occur.  I really don't know for certain and neither do you.  But something is beginning to stir in the world and I think it's the STRONG DELUSION: 
http://thenewsunit.blogspot.com/2012/01/strong-delusion.html 
http://www.kitco.com/images/live/silver.gif