Eric King: “If we’re near the end of this cyclical decline in both gold and silver, Tom, what should we look for going forward?”
Ftizpatrick: “If we are in fact ending it, as I mentioned our focus has been that we will now start the multi-year move on gold to $3,400 to $3,500.
Again, if you look at silver going back to the 2008 correction, we got down to levels below $9, then we saw the silver price multiply by a factor of over 5 times. So assuming this marks a point near the end of the correction in silver, then our bias would be one that would take silver not only to new all-time highs, but we would look for a target as high as $100 for silver…
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.