Posted by Dominique de Kevelioc de Bailleul on Jan 27, 2012
Calls for $60, $75, $100 and $140 per ounce of silver by the close of 2012 may be very reasonable ones. Several well-known analysts have placed their bets already on each of these numbers. Sign-up for my 100% FREE Alerts
Sure, $140, a quadruple from today’s $33 price seems way out there.
However, after considering the ramifications of a global financial system moving more rapidly away from the U.S. dollar (witness Iran), coupled with the no. 2 reserve currency, the euro, looking vulnerable, too, half the world’s purchasing power may be forced into gold and, by proxy, silver, whether they like it, or not.
U.S. and European financial institutions have not participated in the silver bull market. But they will—though, at much higher prices than their Asia brethren.
2012 could be the year of some shocking revelations to the mom-and-pop retail investor. The soundness (or the lack thereof) of the U.S. dollar will redirect their attention away from NDAA and other Washington nonsense as they receive a hard study on why politicians have gone mad lately. It’s about the U.S. dollar, not Iran’s nuclear capabilities or terrorism or anything other lie that may fit.
At any time, the lines outside the coin/bullion dealer could form, as a carefully orchestrated attack of the dollar by significant entities of the East could result as a weapon against U.S. military aggression in the Middle East or elsewhere. That scenario, a dollar Armageddon, comes from Jim Willie.
Sounds outlandish? Welcome to the freshman class of the Jim Willie School of analysis. When you reach your senior year of Willie’s tutelage, however, you won’t be calling him “Crazy Jim” anymore, as past graduates will gladly attest to his previously unwarranted monicker. He’s been correct on so many issues, dismissing his analysis is most likely a bad idea.
And all it would take for a Jim Willie scenario is for the U.S.DX to break below 72, with vigor. Then, all hell would break loose. The short squeeze on silver could be epic, according to James Turk, Jim Sinclair, Bill Murphy and Eric Sprott.
Read more: http://www.beaconequity.com/140-silver-figures-dont-lie-2012-01-27/#ixzz1krnCAJ3n
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