If PM is going to run up, it has to be before everyone's underlying wealth has evaporated.
My guess is that the time is about right. My second guess is that the volatility in PM is going to work itself out by August 2 and then we should know. Will it go up, or will it go down?
Most bullish estimates I have seen for 2011-12:
Silver - $100/oz
Gold - $5,000/oz
My estimates for 2011-12:
Silver - $8/oz
Gold - $300/oz.
There is a big difference and it's crunch time.
No comments:
Post a Comment
Say what you think. But think first.