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| | The Gold & Silver precious metals Network is not currently active and cannot accept new posts | | QUOTE OF THE WEEK | Views: 944 | | Jan 19, 2007 8:40 pm | | QUOTE OF THE WEEK | # |
me4you | | From Mary Anne and Pamela Aden, in the January 2007 issue of their "Aden Forecast" newsletter:
"In this age of instant communication, the government can't hide the truth - at least for long. Reckoning day is not far off. And when it comes, it will rush in faster and more brutally than almost anyone expects. The world's financial picture will be redrawn from scratch, and a painful unwinding of the economic dislocations built up by decades of political pandering will begin.
While no one can say with certainty how the disaster will play out, there is one truth you can take to the bank. Throughout all of human history, gold has always held its value as a monetary instrument. That sort of shock-proof durability cannot be claimed by any paper currency, certainly not by the dollar, which has lost 70% of its value since abandoning the gold standard in 1971. With the dollar untethered from gold, the worth of the $20 bill in your pocket is headed for its intrinsic value . . . as a recyclable.
In the weeks, months and years just ahead, gold, silver and other tangible assets are again going to become much more than financial obscurities tucked away on the commodities page. They're about to become front-page news.
When that happens, the prices of the metals . . . are heading for the moon."
. . . and from David Morgan, in the January 2007 issue of his newsletter, "The Morgan Report" (formerly "The Silver Investor"):
"First, silver can achieve another 30% - 50% gain during 2007 rather easily in our view, which would propel the metal to the $18 dollar level at a minimum. All eyes are on the U.S. dollar, as they should be, and we think the 'buck' may oppose the primary trend on a temporary basis and keep the metals somewhat cooler than they would be otherwise."
"In 1980 there was 1.5 billion ounces more silver available, and the problems with the oil market and the U.S. dollar were miniscule when compared to today's problems. This logic implies that silver still has significant upside, even if the supply begins to increase slightly (about which, by the way, we have some serious doubts).
Moving into the first quarter of 2007 we still expect to see good physical demand and are expecting silver to get to the $18 level by April 1, 2007. This is not a forecast that is guaranteed, but it is our price projection. Our previous look at gold (year 2006 forecast) stated that we saw the $640 level being achieved, and obviously gold did better than that, but on an average weighted basis, that projection looks pretty solid.
Basically we see 2007 as a transition year where money is flowing around the globe looking for opportunity in an unstable world and thus more buying pressure will come into the precious metals sector."
This is not a recommendation to buy or sell.
For the latest Precious Metals Prices go to: http://www.monex.com/monex/controller?pageid=prices
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