TSXV:AUN.H - Post by User
Post by
billioncubicfton Nov 27, 2012 1:33pm
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Post# 20650277
silver prices by Stewart Thomson
silver prices by Stewart Thomson From 321gold if you want to read the rest. For those of you who don't follow Stewart, he is a bit of a hard**s, but he is a very very bright guy. Here's hoping the end of 2013 will see an AUN stockholder's party!
glta
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- Fundamentally, I believe here are 4 major reasons that the long term silver chart looks “ultra-bullish”. First, the market is probably anticipating a substantial recovery in the Chinese economy, and perhaps additional government stimulus.
- Second, the US fiscal cliff is likely to be resolved in a manner that encourages “risk on” institutional investors to take action on the buy-side.
- Third, I expect the European Central Bank will announce measures that calm worries about not just Greece, but Spain and Italy, too.
- Fourth, while the fiscal cliff will likely be resolved, I think the US Federal Reserve will expand the current level of stimulus being provided by QE3, probably in January, and this action could cause a near-vertical spike in all risk-on markets.
- Silver is likely to be the greatest beneficiary of these 4 key events, even if they play out only partially. If they play out as I’m predicting, I would expect silver to blast through the highs at $50, by early in the new year.
- Silver at $80 is realistic, if these “fab four” events play out well