Don Harrold's Recent Prediction on Silver

[Shami-Amourae]

I'll just give a synopsis on this since I know how many of you guys don't like listening to Don. I know he just talks and talks and talks.

Don has one of the best records on calling price targets on Silver so I give him a lot of credibility.

Basically what he said was he thinks Silver will drop down to the $9-12 range. This will devastate Silver investors. Once this happens it will go back up to the $30-50 range. He expects many of us Silver stackers to sell our Silver at these prices to -get out- finally so the don't take a "loss" I guess. What will happen next though is we will finally witness the real hyperinflation and the price of Silver will skyrocket higher than it has ever have, way beyond $50. The point is don't sell Silver when it hits $50 again, keep holding on. Save up cash if the price goes to, or below $14, and start buying there.


http://www.youtube.com/watch?v=yM2RVJHhlEo

Personally I'm just saving cash now. I'm not buying anything.

[osoab]

I might listen to a few more of this guy's stuff. He doesn't like Mike Maloney. I like that.

[Katmandu]

Don't have time to watch the full one hour. Is he also predicting a big drop in the price of gold too? Did he mention any timelines for the drop in silver?

[Shami-Amourae]

Don't have time to watch the full one hour. Is he also predicting a big drop in the price of gold too? Did he mention any timelines for the drop in silver?

He doesn't talk about Gold as much but it's assumed the price will float together. He didn't mention timelines. Just events.

The point is I don't think we are in a bottom for the Silver market. Stack up some cash are and ready for a wild ride.

[Katmandu]

If he is predicting that kind of decrease in the POS and POG, for any sustained period of time, then he must also be expecting a fairly large drop in the price of oil.

In any case, the dry powder will be standing by.

[osoab]

I am assuming that he was going with spot prices for price ranges. We won't be able to by wilver wounds at 2 frns over spot when that happens.

[chad]

what will happen when silver hits $9-12 is not that i will sell, but that i will sell my kidneys to buy more.

[Neuro]

what will happen when silver hits $9-12 is not that i will sell, but that i will sell my kidneys to buy more.
Keep one!

[Serpo]

My guess is silver isnt going under 19 dollars much anymore.........

[Spectrism]

Silver spot price has remain low for a couple months before the physical price drops significantly. A dip to a low for a couple days won't help.

[gunDriller]

Basically what he said was he thinks Silver will drop down to the $9-12 range. This will devastate Silver investors. Once this happens it will go back up to the $30-50 range.

as Rick Rule says, the best cure for low prices is, low prices.

the Cartel has already TOTALLY fvcked up the market equilibrium information that a price set by supply demand normally helps to mediate.

producers have reduced incentive to produce, yet demand, e.g. for Gold in 2013, was about 4000 tons I think. Much more than production.


with producers shutting down, that sets the stage for a squeeze. Like an elephant stepping on a tube of toothpaste.

production managers who use silver on their production lines, whether it's making those antibiotic things they put in with the meat, or PV solar cells, tend to have the attitude, I NEED MY FVCKING SILVER.

also, a little silver goes a long way, for most industrial applications other than jewelry. $40 an ounce, $80 an ounce, $120 an ounce - the end price of most products (other than jewelry) is not much affected.


in other words, i don't think there will be enough physical silver, and demand will be quite inelastic.


because of the idiot herd nature of much of the investing public, a shortfall in production leading to a major price rise, would also draw in a lot of investing money. like back in 2011 when Silver was going up $1 a day.

[Shami-Amourae]

I honestly don't know what/who to believe anymore. Don was right in the past though about $50 being the top (sadly he deletes all his videos so I can't show it.) John Christian (stellaconcepts) also made the same call, but again, he deleted all his videos too.

I tend to try to listen to people who at least have been right in the past, rather than people who a consistently wrong, and the Gold/Silver community continue to listen to them.

I can't find any real fundamentals, so lately I focus on "stacking" guns/ammo.