ximmy
27th December 2011, 10:51 PM
James Turk - What to Expect from Gold & Silver in 2012
But you have to ask yourself, ‘What fundamentally has changed to make me want to sell my precious metals?’ If anything the fundamentals have become even better than they were at the beginning of the year, given the fact there are so many problems out there that haven’t been solved. Given the fact that when you own physical gold or physical silver you don’t have counterparty risk, that’s going to become an increasing issue in 2012 as well.
The last couple of weeks are no different than what we’ve seen many, many times before and to me, even if you look at it from a technical perspective, gold is still in an uptrend. (Also), that flag formation on silver is still forming very, very nicely. When we break out of that flag, I think you are going to see the price of silver double in (roughly) three months.
So, $70 silver by the end of March, is that realistic? Yes, I think so. Gold over $2,000 in 2012, probably in the first quarter, yeah. That’s very realistic as well because the things which have been driving the metals are still very much in place. So forget about a downdraft here and there, just see it as a buying opportunity.
View gold and silver as a form of savings and when is all said and done a few years from now, you are going to be very, very happy acquiring the precious metals at these prices.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/27_James_Turk_-_What_to_Expect_from_Gold_%26_Silver_in_2012.html
But you have to ask yourself, ‘What fundamentally has changed to make me want to sell my precious metals?’ If anything the fundamentals have become even better than they were at the beginning of the year, given the fact there are so many problems out there that haven’t been solved. Given the fact that when you own physical gold or physical silver you don’t have counterparty risk, that’s going to become an increasing issue in 2012 as well.
The last couple of weeks are no different than what we’ve seen many, many times before and to me, even if you look at it from a technical perspective, gold is still in an uptrend. (Also), that flag formation on silver is still forming very, very nicely. When we break out of that flag, I think you are going to see the price of silver double in (roughly) three months.
So, $70 silver by the end of March, is that realistic? Yes, I think so. Gold over $2,000 in 2012, probably in the first quarter, yeah. That’s very realistic as well because the things which have been driving the metals are still very much in place. So forget about a downdraft here and there, just see it as a buying opportunity.
View gold and silver as a form of savings and when is all said and done a few years from now, you are going to be very, very happy acquiring the precious metals at these prices.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/27_James_Turk_-_What_to_Expect_from_Gold_%26_Silver_in_2012.html