Lost,
In a sense I agree. Nobody knows exactly where PMs are headed in the short to mid term. I used to blindly believe what most of the bullish pundits said like it was gospel. But part of that is because I agree with most of them in the sense that silver and gold will be much higher in the future, etc. What bugged me though was most of them never made any room for the possibility we would get the correction we are now experiencing. I woke up to this late last year.
The best thing to do is come to your own conclusions. Also, looking at FACTS is hugely important. Opinions can deceive but facts are facts. A person making an argument one way or the other can put their spin on why a particular fact is the way it is, but that is opinion.
Now for my opinion, what I see shows that someday there will be a coming paper market crash of epic proportions. I mean stocks, some gov/muni bonds, and the other derivatives. This could happen next year or in 20 years. I don't know.
To those that may say I am fear mongering or delusional I say give me reasons I am wrong. Maybe the fed can keep doing QE and our gov can operate running on Trillion dollar deficits each year forever and ever. We can run our national debt to $20 Trillion at least before the next pres. election. We have record unemployment and number of citizens (and non citizens probably) on food stamps in this country according to gov statistics (OK a few facts in here). Where is the bright light on the horizon? If anyone knows please tell me what it is? PS Hope and prayer don't count, even though both may be helpful in some way or another.
Anyway, when things do go south, sort of like what happened in 2008 but on steroids, all assets will suffer including gold and silver if we are still on the paper price system like today. But out of the financial rubble will be a demand for physical, valuable objects that cannot be created out of thin air like all paper assets. Gold, silver, other PMs, property, artwork, guns, ammo, etc, etc. will be in demand by those with the ability to pay. If you are not holding any PMs when that day comes it will be too late.
On a lighter note, it is also totally possible that the alleged silver manipulators can one day decide to make some easy $$$$ letting silver rise by going long themselves and then try to cap it and bring it back down at some point like maybe $50. This scenario is more likely if the above financial breakdown scenario doesn't happen or maybe before it happens. I believe we will see scenario 2 happen later this year. They will let it rise to 50 or so again. What happens after that I don't know.
I don't believe the paper shorters will let it go too low because that would cause too much demand for physical. Look at the demand now from this last smack down not only here but in many other countires like China, India, Japan, US, etc. They push it to $20 and you will see physical demand really skyrocket. It is much easier for the alleged manipulators to simply move it up and down within some range at their whim. But that means they gotta let it go up sometimes too.
Jim
