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Expect Major Silver Price Spike As COMEX Inventories Decline ( is this true)
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<p>[QUOTE="-jeffB, post: 1514190, member: 27832"]Follow King World News for a few weeks, and you'll start to notice a certain... <i>sameness</i> to their articles.</p><p><br /></p><p>While past performance is never a guarantee of future results, let's look at a couple of their past predictions:</p><p><br /></p><p><a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/15_Jim_Sinclair_-_Gold_Milestone_at_%241%2C764_Paves_Way_to_%2412%2C000.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/15_Jim_Sinclair_-_Gold_Milestone_at_%241%2C764_Paves_Way_to_%2412%2C000.html" rel="nofollow">July 15, 2011</a> -- when gold passes $1764, it "will start jumping $100 to $200 per day", with a maximum of "$10000 to $12500"; it passed $1764 about a month later, but didn't go much further.</p><p><br /></p><p><a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/31_James_Turk_-_Silver_Formation_Projects_Spike_to_$60_-_$75_Level.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/31_James_Turk_-_Silver_Formation_Projects_Spike_to_$60_-_$75_Level.html" rel="nofollow">Halloween 2011</a> -- silver to spike to $60-57, starting "within the next few weeks"; still waiting.</p><p><br /></p><p>I know it's a sin to cherry-pick predictions from the past in either direction, but have a look at <a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.html" rel="nofollow">their archives</a> yourself. It's all variations on "everything's about to explode/disintegrate, your ONLY HOPE is to BUY PRECIOUS METALS NOW!!!" If they continue to predict that prices will rise, they'll probably be right on occasion, by simple chance. But do they have some critical insight that the rest of the markets are missing? Apparently not.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1514190, member: 27832"]Follow King World News for a few weeks, and you'll start to notice a certain... [I]sameness[/I] to their articles. While past performance is never a guarantee of future results, let's look at a couple of their past predictions: [URL="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/15_Jim_Sinclair_-_Gold_Milestone_at_%241%2C764_Paves_Way_to_%2412%2C000.html"]July 15, 2011[/URL] -- when gold passes $1764, it "will start jumping $100 to $200 per day", with a maximum of "$10000 to $12500"; it passed $1764 about a month later, but didn't go much further. [URL="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/31_James_Turk_-_Silver_Formation_Projects_Spike_to_$60_-_$75_Level.html"]Halloween 2011[/URL] -- silver to spike to $60-57, starting "within the next few weeks"; still waiting. I know it's a sin to cherry-pick predictions from the past in either direction, but have a look at [URL="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.html"]their archives[/URL] yourself. It's all variations on "everything's about to explode/disintegrate, your ONLY HOPE is to BUY PRECIOUS METALS NOW!!!" If they continue to predict that prices will rise, they'll probably be right on occasion, by simple chance. But do they have some critical insight that the rest of the markets are missing? Apparently not.[/QUOTE]
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Expect Major Silver Price Spike As COMEX Inventories Decline ( is this true)
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