$400 silver by 2013-2015 –says James Turk

[bobbyw24]

With Comex increasing margin requirements for a second time so quickly, King World News interviewed James Turk today out of Spain. Turk commented, “This may explain why Comex is raising margins a second time so quickly, they aim to put more pressure on the buyers. Obviously the Comex is trying to put more pressure on market participants by forcing them to liquidate their longs.”

As you know Eric I have been projecting gold to hit $8,000 by 2013 to 2015, so that would equate to silver hitting $400, and that is well within the realm of possibility as silver reverts back to its historical mean.”

This is what happens in bull markets, prices climb to levels that previously seemed unimaginable.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/16_James_Turk_-_$400_Silver_by_2013_to_2015.html

[bobbyw24]

By Giordano Bruno

Neithercorp Press – 11/12/2010

Silver is the common man’s currency. It always has been, and it always will be. While gold holds its place in history as the great stabilizer of economies and the shield against hyperinflation, its shine and its safety should not distract us from its brother, silver, whose uses are numerous and whose value is often more attainable for those seeking a solid investment outside of precarious paper securities.

Gold’s unprecedented upsurge in price the past year alone is now becoming the stuff of legend, and it is also something we at Neithercorp have been predicting for a while now:

http://neithercorp.us/npress/?p=184

http://neithercorp.us/npress/?p=579

The mainstream media attacks on precious metals were so extreme last year that they began to border on the bizarre. The “cult of fiat” was relentless in their attempts to slander gold investors and it seemed as though no matter how well the yellow stuff did, or how dismal the dollar’s performance was, they would never get tired of the disinformation game. Fast forward a year later, however, and they have been utterly silenced. What a difference twelve short months can make…

More:

http://neithercorp.us/npress/?p=912

[squarepusher]

failed logic, since this has the exact same effect on shorts as longs. So it is 'neutral'

[tmosley]

failed logic, since this has the exact same effect on shorts as longs. So it is 'neutral'

The big shorts are banks, so they have a direct line to free money from the Fed, so they are not affected by margin requirement changes.

This effect is highly temporary, however. In the medium and long terms, these moves will be nothing but a MINOR buying opportunity.