Saturday, January 15, 2011

David Morgan Silver to hit $40 an ounce at least during 2011

David Morgan on the Financial Sense News hour 14 Jan 2011

David Morgan sees silver at at least $40 and gold at $1600 sometimes in 2011 although we might see some disappointments in the precious metals prices down the road , the markets need to correct and take a breath from time to time but there is only one way down the road and it ius up and up both for Gold and Silver ,

The mainstream has been yelling "it's a bubble!" from when gold was 500$ and below. There comes a time when one stops paying attention.As Marc Faber said last year when he had a room full of hedge fund personnel- only 5% of people are in Metals- this means that there is a long way to go- previously the Chinese, Indians and the Russians were not in Play - with them in the market- we can expect a definate higher set of prices in the long term. anyway we are about 40% from the top.

9 US States already working to Return to Gold and Silver Currency

To date Virginia, Utah, Georgia, Indiana, South Carolina, Washington, Missouri, Colorado & Idaho are working to return to the Constitutional Gold and Silver Currency. Holding silver when this happens throughout the world will cause an explosion in the price and a huge short squeeze on the physical silver market. Buy more NOW don't let the manipulation in the paper silver market discourage you.

Silver is a vital commodity to our way of life. Silver is a precious metal that is being trashed as an industrial metal. As a result, it is within years of becoming the first metal to become extinct according to the USGS. At some point the shortage is going to become so obvious, that people are going to rush to turn in their depreciating dollars for real silver money. That is just the monetary demand of silver, the industrial and strategic demand is another huge factor we should consider.Silver is a precious metal a monetary metal and an industrial metal, Industry alone requires over 900 million ounces each year , Silver has antibiotic antibacterial anti fungal and anti microbial properties . Silver is used in Dentistry Photography electronics Mirrors optics Medicine and in clothing , Silver is the best thermal conductor of all metals and The Best Electrical Conductor ,Silver is also an important catalyst in chemical processing.As far as getting it out of the ground, that will take energy which seems to be only getting more expensive,China is now the world’s third largest silver miner after Mexico and Peru, and the world’s largest Silver refiner,Get in on the bonanza and get your physical silver today while it is still available at a affordable price. In the next few years you may loose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes and economic chaos appears in your area - you will be happy you did .USA geologist society have predicted that Silver will be the first element of the periodic table to run out by 2020. Physical silver outperformed the mining stocks by 4 times during the last bull market .Only about 2% of COMEX silver contracts are actually settled by physical delivery, and the rest are settled for cash or rolled over , Decades of market manipulation has made silver the most underpriced commodity in history Be thankful that you have realized this in time to capitalize.JPM and HSBC are behind the Big Silver Short.Get yourself some physical silver and take possession if you want any certainty of cashing in before the paper silver derivatives become worthless.The COMEX does not have the 103 million ounces they claim to have.