Silver To Hit New Highs Despite Bearish Forecasts
Of course, this realization today may seem like selling ice water to an Eskimo by the silver investor as precious metal sentiment is at a decade low — or even lower. Furthermore, I have heard through the grapevine that even some of the precious metal analysts have thrown in the towel and sold their gold and silver miners for the typical large cap stocks on the S&P and Dow Jones.
This was the very plan by the Fed & member banks from the start. The big “V” correction in the precious metals back in 2008-2009 did not persuade investors from buying gold and silver at severe lows. Matter-a-fact, it actually motivated huge retail buying of physical bullion.
This time around the monetary authorities got smarter. They engaged a new “SLASH & BURN” tactic by bleeding the gold and silver investors dry by slowly crushing the price of gold and silver over a two-year period. To complete their masterpiece, they initiated two huge take-downs in April & June to make sure even the most hardcore precious metal investors would question their holdings.