"2010 Will Be A Break-out Year for Silver Prices" Greg McCoach

Those experienced in the study of movements in metals during times of national crisis are speaking and speaking loudly about the forecast for the price of silver in 2010. Investors who are seeking safe harbor for an increasingly flaky dollar are listening. I noted earlier today in another post that people are already using scrap silver and silver bullion to buy groceries in the Los Angeles basin, where some grocery stores have accomodated the new demand, asit is more profitable for them to accept silver than dollars. It's just common sense. This is an omen of things to come, sooner, rather than later in other parts of California and in other states as well.I'll be writing about the silver trends and price forecasts extensively on this blog and my others. Americans need this information and they need it quickly. Time is running out to find safe ways to protect one's assets and wealth.

 I wrote about the prospects for a sudden big uptick in the price of silver earlier today, and I would like to reiterate my deep gut feeling on it:

These types of sudden upward moves in silver usually happen after a gradual correction downward, and they tend to take the inexperienced metal investing public by surprise. Silver recently corrected back down to about $15 per ounce, from a high of around $18.50, but any new twist in the global economic meltdown i.e. for example, the recent collapse of Greece's economy, could set off one of those hard to predict "upward price escalating chain reactions" that could very suddenly elevate the price of silver bullion almost overnight.


Silver prices do not always follow gold in tandem. Folk wisdom says to buy and accumulate silver while the price is still depressed at under $20 per ounce. The $20 per ounce price range represents a "psychological threshold" and once silver passes that mark, all bets are off as to how high it could go. Buy silver bullion and hold it. That's the recommendation.







Copyright Chase K. Hunter 2010-3010.Re-posts are permitted leaving all content & links intact.

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