~The silver market bottom is in place, with an 85% confidence level;
~Nevertheless, avoid the temptation to buy the precise bottom;
~Instead, dollar cost averaging into silver positions in anticipation of the next big Elliott Wave, parabolic advance in 2015-2016, is advisable;
~Silver’s current nominal intrinsic-value is at least $35 an ounce.
The Silver Investor is republishing his book in anticipation of the Silver Summit, an in-depth investigation into the silver market and the reason behind the currency crisis. Silver could spike suddenly amid surging geopolitical concerns as hedge fund managers chase momentum, squeezing highly margined, silver shorts. The bottom is in place, with an 85% confidence level. This month is the traditional bottom month for gold and silver (Aug. 15th). Silver is so affordable that it may cost more to remove and process the ore than the current spot price, in many cases, further improving the valuation aspect. Unfortunately, the majority of investors cannot be convinced to buy the market bottom, most investors will reenter the market in the mid $30’s. That’s why he and the host advocate dollar cost averaging into silver positions in anticipation of the next explosive advance. Investor sentiment has reached an ideal buying point – avoid the temptation to identify the precise bottom, the most expensive trade you’ll ever make.
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