from TFMetalsReport.com:
As you know, I’m very excited about the prospects for the fiat-conversion price of silver this year. It’s going to a big year, perhaps even historic. That does not mean, however, that silver will move in a straight line up. I still believe the The Evil Empire intends to dramatically lessen, if not eliminate, their long-time manipulative short position. However, a careful review of the situation at ground level leads me to think that we’re not out of the woods yet.
As you know, silver has already had a big 2012. Silver closed on 12/30/11 at $27.92/ounce. It closed yesterday at $33.60. In just six weeks, this means silver is already UP over 20%. Spectacular! At this rate, silver would be $40 by April 1st, $57 by mid-summer, $83 by fall and $120 by year end. Now, of course, the prospect of $120 silver makes you and I very excited. Jamie, Blythe and Ruprecht…not so much.
