By SRSrocco:

Silver prices may climb as much as 38% in 2013 – GFMS

HONG KONG (Reuters) -

Silver prices may rise as much as 38 percent in 2013 from current levels, as a weak global economy spurs safe-haven demand for the precious metal, the global head of metals analytics at GFMS, a Thomson Reuters unit, said on Wednesday.

Spot silver has gained more than 17 percent so far this year, outstripping a rise of 10 percent in gold, and setting course for its third yearly rise in four. Silver was trading at around $32.50 per ounce by 1020 GMT.

…”We are thinking prices will trend higher next year. I’m not convinced that we are going to $50. I think we will definitely see $40 to $45 prices.”

Click here for full article from MineWeb:

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New Large Silver Article to Come Out Tomorrow or Monday

My new silver article is finished.  It will be coming out either tomorrow or Monday here on SilverDoctors (co-coinciding with the release of a rather big announcement here at SD).  It will also be published on the various financial websites.

The article contains information and charts on certain aspects of silver that no one has ever seen before.  I strive to put out original work as I am tired of reading the same old stuff regurgitated over and over.

All I can say is…..GO $100 Silver

  1. “…I’m not convinced that we are going to $50. I think we will definitely see $40 to $45 prices.”
     
    The price of silver can go up or down 10% in a matter of days, so it does not sound very convincing to say it will not reach $50, but it will go to $40 or $45.  Right now, the cartel has been doing everything possible to keep silver under $50, probably because they know that once silver breaks the $50/oz barrier, it will be like Chuck Yeager breaking the sound barrier speed ‘limit’ in aviation (which some thought was impenetrable).  There won’t be any looking back after that…

  2. The real trigger to vastly higher silver prices will be when the paper futures market collapses and silver is priced by the cash market.  Then factors like mining costs and physical shortages will be in play.  That’s when the moonshot will occur.  As long as Blythe has enough physical to back her leveraged paper, she sets the price. 

    • The trigger will also happen when annual inflation rates become too high or if hyperinflation arrives. When these events happen, silver’s price will become very very volatile. Plus, it is gaining more than gold in terms of percentage gains related to its initial price.

  3. Oh well, I’ll just say what I have been saying since the beginning of the year:  Silver will be THREE DIGITS by New Years 2013.  The only grey area is: what the first digit will be????

    Just think if only a “slice” of the 1.6 TRILLION that folks will be pulling out of savings–since the funds won’t be insured–is put into silver.  Hmmm.  That’s only ONE item. The best, tho, is that EVERY time the cartel pushes down the price–we stackers–buy more.  No shorts.  Only longs.  What a great country!!!!!  

    • Yes, it is an opportunity to buy some gold and silver when after the cartel crushes their prices. This chance is probably a once in a lifetime opportunity since the cartel will disappear soon.

  4. Nov 12 (Reuters) – The United States will overtake Saudi Arabia as the world’s top oil producer by 2017, the West’s energy agency said on Monday as a steep rise in shale oil and gas production pushes the country toward self-sufficiency in energy.
    The International Energy Agency (IEA), which advises major industrialised nations on energy policies, gave the estimates in an annual long-term report. Its conclusions were in sharp contrast with its 2011 report, which saw Saudi Arabia remaining the top producer throughout 2035.
    “Energy developments in the United States are profound and their effect will be felt well beyond North America – and the energy sector,” the IEA said.
    “The recent rebound in U.S. oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity – with less expensive gas and electricity prices giving industry a competitive edge,” it added.
    The IEA said it saw a continued fall in U.S. oil imports with North America becoming a net oil exporter by around 2030.
    IEA Chief Economist Fatih Birol told a news conference in London he believed the United States would overtake Russia as the biggest gas producer by a significant margin by 2015. Shortly after that, by 2017, the United States would become the largest oil producer, he said.

    • Thomas… let me be blunt of you don’t mind.  That article is completely FOS (full of Sh*t).   The world will be a totaly different place after 2014-15.  By 2020, it will be game over.  That is, as it pertains to oil.

  5. “By 2020, it will be game over.  That is, as it pertains to oil.”

    I agree but suggest that it will pertain to much more than just oil.  It is likely that we will see a complete fiat paradigm collapse in the 2014-15 time frame.  There is no guarantee of this, of course, but the odds sure seem to be stacking up that way.  Just remember to stack all 4 precious metals:  gold, silver, lead, and brass.
     

  6. I also realized that. If you draw a strait line from the 2008 lows to the recent 2012 lows which was 27$ per ounce, you’ll see that silver never went lower than the line and silver is keep going up. That line represents the amount it cost to produce an of silver.

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