"Midas" commentary........This was in tonight's "Midas" commentary by Bill Murphy...
Had a nice chat with my friend Mahendra right BEFORE the markets turned this morning. Some of his timing has been a bit off (and I mean only a bit compared to anyone else calling markets in the world); however his big picture calls have been remarkable. I don't know anyone like him. Can't find a second place. He foresaw trouble this week for copper, silver and gold and we got it on all three counts. Anyway, here is what he is thinking and predicting:
*The downward corrections in the metals is basically over.
*The big, big, big money in the world wants IN on the coming gold and silver moves. Some of The Gold Cartel types too. They want to drive the small speculators out at these levels so that they can buy IN.
*$448 gold is still in the cards and it is only weeks away.
*What really has him going is silver. He says silver is going to leave the investing world speechless. He says the price will at least DOUBLE in the months to come. He tells me I should load the boat on silver and silver shares and get ready to buy a new hacienda in a few months. Tomorrow, he is going to make his price predictions to his subscribers.