Jim Willie’s latest calls for massive gold and silver rallies in the second half of 2011, with both metals making NEW HIGHS in the second half. Willie believes the bottom for both is already in, and the market has already called the Fed’s bluff on the end of QE.
Gold has benefited from the lost credibility of the global monetary system, from the loss of unquestioned faith in the central bank franchise system. Gold represents the mirror image of the crumbling monetary system and its soured debt foundation, managed by dubious central bankers. The system will perpetuate its ruinous debasement of money itself, since the power structure will struggle to preserve itself. It is that simple. In no way will JPMorgan or Citigroup or Bank of America voluntarily commit to bankruptcy and debt restructure, accompanied by impaired asset liquidation. They are the insolvent pillars of the US financial syndicate, firmly in power, never to release that power unless from cold dead fingers. The Gold & Silver prices will continue to make new highs in the second half of the year.
We should look forward with juicy anticipation to all the back-peddling by countless analysts who claimed the anti-USDollar trade was over. It was just resting in consolidation. The battle cry remains INFLATE OR DIE!! The system will continue to seek vast resuscitation via harmful inflation, or implode. The latest lousy USTreasury auctions should be viewed as having great importance. The USFed will continue its debt monetization or face failed auctions. Notice the strong signal for continued debt coverage in the S&P500 stock index itself. Crude oil has recovered. Gold & Silver have bottomed. Onward and upward. The great spring shock was administered in empty threats.
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Will be interesting to see if silver holds that uptrend line at 1500
Sorry…I meant gold obviously
Treasury auctions have been horrendous lately
gold may touch $1490 today
If it's possible for the Gold and Silver price to be manipulated at will then the price of Gold and Silver could just as easily go to zero.
What is the point of using graphs and technical analysis in a corrupt market?
The possible dramatic rise in precious metals will only come when the ability of market "riggers" is exhausted by some event like the collapse of Dollar.
Until this happens all the articles and graphs that you see are "gurus" competing for subscribers.
Did not someone say last week that PM's were going to explode in 48 hours? I think he used the same chart also. What's the point of posting this trashy type articles…?
If you think the articles are trashy then why do you indulge them here? Because you too know that the dollar is done. Printing to infinity and beyond!
Hey, Hau"zit", go pop your zit, you total dumb*hit. If you think you can analyze the PM markets better than Stewart Thomson, then pill go write your own daily newsletter. In the meantime, please STFU.
Stewart thompson is wrong, Jim willie is wrong, James turk is wrong, Bob chapman is wrong, Sinclair and embry are wrong. PMs have not rallied and you guys are idiots to hang on to their every word. They want publicity and subscription fees…nothing more. They have a vested interested in Pms going up you fools
Their not wrong, their right. The issue is when. The same problem that has cause all this mess, basically no real economy growth and totally centralized planning and manipulated markets by the FED/banks. Make it impossible to determine when any market will move. As long as their power holds out they can do as they please. However, most with wisdom know that no man can control things forever. Eventually the evil collapses. They key is sitting tight or hoping on great timing to get in.
Whooa, hit someone's hot button. Anonymous, remember? Money talks, Bulls*t walks, so what part of the EE you walking around?
HauZITpopper, money sure does talk and I've made A LOT of it in PM's. Listening to real experts like Sinclair, Turk, Sprott, Embry, Hathaway, Willie, Thomson will just continue to make me even more. How about you, Zitpopper pus boy?
8:05 – You're another idiot–like Zitpopper–who doesn't have a friggin' clue what you're talking about. Seriously, don't embarrass yourself on this blog in front of thousands of readers with such ridiculously stupid comments. If you don't what you're talking about when it comes to discussing the world's recognized PM experts (Sinclair, Turk, Sprott, Embry, Willie, etc.), then don't write anything.
Only thing trashy in this article is ZitPopper's comment!
4:36-Dont forget Turd and The Doc!