Today when the international spot market opened would have been the logical time for precious metals to begin their run-up. It hasn't happened - at least not yet. Why not?
It's obvious to the entire world by now that Greece, Portugal, Spain, Italy, France and, eventually the US are going to default on at least some debt. The worldly and wealthy have to make their move to metal before their fiat currency becomes worthless. They haven't done it yet today. Why not?
Maybe only US investors will move into precious metal. They will wait until tomorrow when the US markets open - or they will wait until China begins buying PM and drives the price up before they buy it. Is 'buy high - sell low' the new market paradigm?
I state as a fact that the prices of PM are contrived to the current levels to suck the last cash out of emotional investors. They will peak a little higher, but not much, and then they will tank.
All you have to do to see which concept is correct is nothing. Just watch. If you are absolutely convinced that I'm wrong, you should be selling everything you own to buy silver and gold before the run starts. Do it quickly though, or you'll miss your last chance to have money while 90% of the rest of the world won't have any. Do it. Grab that silver before it hits $50 on it's way to $500. Grab that gold at $1,600 before it gets to $5,000.
But be sure. Because if you spend all your money on $60 silver and it goes to $8...and that $1,600 gold goes to $300...you will have have screwed the pooch. And then the people who sold you all that metal at those prices - because you bought into the last big emotional sales pitch on earth - will get it back when you need to sell it to buy food.
I will say this one last time. If silver or gold had room to go to the prices the people who are selling it predict, they would never sell it. They would keep it. They are selling it to you for a reason - that reason is because you are emotionally primed to buy it because the price has been going up for years and everyone says it has to keep going up - like home values.
New York opens in just over ten hours. Mortgage your house - the value is somehow falling now anyway - and buy silver. Do it. Get rich and prove me wrong. Don't post all your reasons why I'm wrong - I have heard them. I heard them again all day today. But metal didn't take off.
It's either going to happen very soon now, before Europe cracks like an egg, or not at all. Go PROVE me wrong - put your money behind your convictions. Now is the time. Don't miss the boat - even if it's the Titanic.
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