2012 Gains: ‘Stepping Stones to Higher Ground’

Posted by on February 9th 2012 in Bailout, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

As GoldStockTrades‘ Jeb Handwerger tells The Street why he thinks that silver will outperform gold in 2012, in an interview with The Gold Report, publishers Grant Williams and Greg Weldon are asked, “How high or low can gold and silver go?” Williams is the more specific of the two in predicting that “gold trades at $2,200 an ounce (oz) this year. I think silver trades at possibly $60/oz this year, but they’re really just stepping stones on the way to higher ground.”  Williams, who publishes the free newsletter, Things That Make You Go Hmmm…, adds that “This 11-year ascent in both precious metals is only going to change when central bank policy surrounding it changes. I just don’t see that happening in the foreseeable future until they get this debt problem under control.”

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