by Chris Waltzek, Silver Seek:
Bill Murphy of Lemetropole Cafe and GATA.org, comments on the nascent PM’s bull market, noting: “The best stuff is yet to come…”
– Silver continues to build a bullish 4-year pattern.
Imagine gold is broken out for a while now, it’s clearly the leader and silver still shot up, [but he’s saying to $30, it was a big one] straight up and has been stopped there for four years and it hadn’t gone anywhere and the shares have been in the weeds. So it’s still all the good stuff to come and I think it’s going to be fantastic as we’ve seen by gold and for me, I’m prejudiced maybe, but it’s only because the gold cartels – I’ve been calling it for all those 25 years almost – has lost control of the market and the Asians are taking them out and they’ve got a big problem in the gold arena and they will for silver, too, big time. But it’s got to get through $30 when it does watch out. I mean, there’s nothing above has been building a space now for four years.
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– Once silver clears $30, is a 100% advance imminent?
As I said earlier, you know, gold is broken out clearly because of some of the things he’s talking about and it’s just shot way up and so we’re still trying to get through $30 because it would JPMorgan keeps stopping it in my opinion…and when you’re right, when that gets $30 gets taken out, watch out, I mean there’s no telling when it can do on the upside and it’s going to be sensational and so it’s a lot of excitement to look forward to.
– We discuss the sea change event that could send the metals prices higher – BRICS currency.
– Might the BRICS currency trigger a Cypriote-like event in the West?
– Is the price explosions in the N.A. periphery emblematic of an inflation tsunami?
– Does this explain the 5x grocery price explosion in remote areas – $11 bag of chips / $15 bread?
– Was our domestic food-supply, subsidized under-the-table for decades?
– Could this ignite the price of ag into the triple-digit zone?
– Does silver’s inelastic supply & demand curves virtually guarantee a hockey-stick price advance?
