Doubling Down on Silver

Posted by on December 30th 2011 in China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

Dr. Stephen Leeb tells King World News that “if I were to target silver for the end of 2012, I’m going to be very, very conservative and say silver will finish 2012 at $60.” Leeb, who’s also the subject of a Beacon Equity Research article about his silver analysis, speaks and writes extensively on China’s growing demand for silver, including, in his new book, “Red Alert.” He recently said in an interview with Gold Seek Radio that “Silver is an utterly critical metal when it comes to renewable energies, solar panels; there’s no other game in town,” adding that “silver-based solar is going to play a major part in our energy future.” He goes on to point out that “China used to export silver, now they’re importing, and they are very big importers.”

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MarketWatch/Trader Dan:  Gold futures rebound to score 10% gain in 2011; silver down 9.8% for year

Mineweb:  Year-end gold and silver price slump overdone?

GoldSeek:  Should the year-end sell-off of gold and silver worry investors?

Seeking Alpha:  Stay angry and get physical (silver)

Silver Doctors:  Silver open interest appears to have bottomed on 12/8

P. Radomski:  Further moves lower in gold seem unlikely

Kitco:  Survey participants see higher gold prices next week

The Daily Gold:  Lessons learned in 2011 and implications for 2012

Seeking Alpha:  A technical look at gold and silver at the end of 2011

MarketWatch:  China gold move will cut risk, not appetite

Alt-Market:  New Asian union means the fall of the dollar

Reuters:  Federal Reserve:  Financial market credit tightened at year end

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KWN:  Jim Rickards – US to go to war with Iran, oil & gold to spike

Bill Bonner:  Avoiding the danger zones in the year ahead

Zero Hedge:  As ’11 ends, 11 charts of 11 disturbing 11-year trends

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