The world is waking up to silver investment

blinko

i would say there is more upside at the moment fromsilver, but again dont lose your shirt

i expect the near term for it to continue to rise

my year end target for gold looks on track at 1400

my october end FTSE was 5750 which it looks like hitting today and year end FTSE 5900

banks and miners up today

Housebear51

“Massive Asian buying is going to squeeze the shorts in the silver market. Any reactions in the price of silver will be heavily purchased, and these buyers will take delivery of physical silver.” The source who wishes to remain anonymous agreed with Eric Sprott that this squeeze could take the price of silver to $50 in a matter of months.
November 1, 2010



I have recently been discussing a coming commercial signal failure with John Embry, James Turk and Eric Sprott. As previously mentioned, this is an extremely rare event but when it occurs it is a sight to behold.

Right now, sentiment levels are nowhere near what we see at a top. Keep in mind that Rick Rule was recently discussing with KWN the possibility of future supply shortages in silver, and we are also not seeing the type of dealer activity that is suggestive of topping behavior. These factors are all supportive of a significant move higher in the price of silver.

While the price of silver on a short-term basis can gyrate, the important thing to be aware of right now is that these Asian buyers smell the kill. You can be assured that their intention is to put an incredible squeeze on the silver shorts before this is over.

On a side note, none of this is good news for JP Morgan or its CEO Jamie Dimon (pictured above).


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/1_KWN_Source_Says_Asians_to_Squeeze_Silver_Shorts.html