Silver World Prices Markets Prediction 2013-2015

11:11 PM

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Silver World Prices Markets Prediction 2013-2015

With Comex increasing margin requirements for a second time so quickly, King World News interviewed James Turk today out of Spain. Turk commented, “This may explain why Comex is raising margins a second time so quickly, they aim to put more pressure on the buyers. Obviously the Comex is trying to put more pressure on market participants by forcing them to liquidate their longs.”

says James Tur

“Eric, here we are at $25.50 which is the price that was identified by your London source last week. So they painted the tape, but the Comex open interest shows that they haven’t driven out any buyers which is very surprising. Normally you would expect to see some longs liquidating on any pullback like the one that we have seen over the past few days, but that hasn’t happened this time around.

The buying pressure in the physical market remains, we are starting to see the industrial buyers coming back in to secure supply. My guess Eric is that the industrial users will be there on any price dip like we have had at present. Up to this point we haven’t seen the boomerang effect that I have been anticipating but I am still expecting a sharp snap back in prices.

As we pointed out in the piece which had Mark Lundeen’s illustration in it, gold is dramatically undervalued and this can only result in much, much higher prices over time. I would just add that I expect the gold/silver ratio to decline over time to under 20 to 1, so silver will be exploding along with the price of gold.

As you know Eric I have been projecting gold to hit $8,000 by 2013 to 2015, so that would equate to silver hitting $400, and that is well within the realm of possibility as silver reverts back to its historical mean.”

This is what happens in bull markets, prices climb to levels that previously seemed unimaginable.

COMMENTS

Turk and others call out a silver price because of the historic ratio gold and silver has had at 16 to 1. BIG PROBLEM- when the ratio was 16 to 1 there was never the largest illegal futers short mess there is now.Silver has the largest naked short position of ANY commodity in the history of the world.

Silver was not needed to manufacture thousands of products needed to make our 2010 lifestyle like it is today with medical, photography, and electronics.

Silver was not consumed to the point that all large stockpiles were consumed because a 30 year manipulation made silver unprofitable to mine. Silver will over shoot its historical ratio with gold UNTIL more silver comes to market and this will take years. Gold and silver will hit a 1 to 1 ratio.

Industrial users are going to panic buy, investors are going to panic buy.. 99% of the worlds population has no idea about what is going on in the silver market.

When the manipulation is broken and should be soon, silver will skrocket. Its like holding a beachball below the surface of the ocean to 1000 feet.

what happens when you release that beachball? the reaction to the manipulation and physical shortage caused by that manipulation will over react.

You will see a 1 to 1 ratio between gold and silver.
I don't think it will take 2 years to get there.