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Peter C
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Silver is Approaching Stage Two of its Bull Market

- James Turk - fgmr

Thank-you Mr Turk for clarifying the obvious.
For the last year, I have read numerous articles claiming silver had crossed into stage 2 of this bull market - when spot prices rose above $21. To my thinking this was ridiculous - because it was less than half its non-CPI adjusted U$D 49.45 in Jan 1980.

I agree with your POV: silver will not be in stage 2 until it is well above $50, possibly as high as the CPI adjusted $80 - $90 level.

It also appears moot, that because gold is getting much more attention on MSM news services of late, silver will presumably rise much more quickly through stage 1 into 2 and 2 into 3.

As noted by many astutely invested authors on this and many other websites, it seems reasonable to presume there will be a flash realization by average middle class commoners, who still have a few dollars of savings, home equity and pensions vested in stock markets - BUT WHO CAN NO LONGER DENY THE FACT ALL OF THESE ASSET CLASSES HAVE FALLEN DRAMATICALLY IN VALUE - who will suddenly be forced to wake-up to the reality of hyperinflationary currency debasement per QE1, 2, 3, etc, AND FINALLY START TO UNDERSTAND PRECISELY WHAT HAS BEEN HAPPENING IN FRONT OF THEIR EYES FOR THE LAST 10 YEARS +.

When these once well-off commoners begin to comprehend all their losses in housing and stock markets etc, PLUS the fact fiat paper is worth-LESS, and are effectively FORCED to begin looking at alternative strategies to preserve what is left of their wealth, AND begin reading archived articles written by yourself, Butler, Pento, and many others defining "tightness" in physical silver inventories per Swiss banks delaying delivery settlements due to unavailable inventory caused by CME/ COMEX/ LBMA leveraging, backwardation, PLUS AN INRUSH of industrial consumers and LATE BLOOMING hard money investors et al, THEN there will be a frenzied stampede to sell worthless assets and cash-in dollars to buy : food, water, gold, silver, ammunition and other stores of value.

Whether this "AwAkEnInG" happens in 2011, 2012 or beyond is moot.
Personally, I believe the day of reckoning is MUCH closer at hand than 2013.

Peter Carson

Commented 4816 days ago

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Beginning of the headline :Silver is still in stage one. It won’t advance into stage two until $50 is exceeded, just like gold did not enter stage two until its previous high of $850 was hurdled... Read More

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