Replies to post #38930 on ~*~Mining and Metals Du Jour~*~

[Talc Moan]

Gold and Precious metals are about to find a bottom and take off..

Liquidation was caused imo by Those needing cash and as we near a significant rate cut this week and earning coming in a few weeks that is when folks will be looking for somewhere to put their money.. Many Big businesses won't even put out of are pulling forward projections..

I too Expect Gold to break 2-3,000 an ounce later this year and Silver will follow some..

The Dollar will Weaken...

Also Coppers biggest user China is about to get up and running and they will hoard Copper at these prices.. I think your gonna see a big move in Copper as well...

[silver_bars]

Worth repeating ...

... during the 2008-to-2009 financial crisis, Silver Bullion was essentially unavailable for aprox. 1 year due to exceedingly strong demand for real/physical Silver bullion ... if you tried buying Silver bullion during this time period, it was essentially unavailable ... Gold bullion was also in a supply crunch during this time period, but not as bad as the Silver supply deficit ..... imo, we may soon be in another supply crunch scenario for bullion again ...

IMO; The free floating Silver Bullion supply in North America will essentially be gone within the next 30 days, and street price for Eagles/Maples will be between 100% to 200% premium to Paper Silver within 60 days.

[silver_bars]

Rumours are flying from credible people in the PM industry that the COMEX doesn't have enough physical Gold Bars on hand to meet demand ... a possible a formal announcement from the CME soon.