dive plungeSilver’s young bull market got off to a typically-slow start, lagging gold’s own new bull.  But recently the white metal surged to catch up in a record summer rally.  That left silver very overbought and facing near-term correction risks led by a record futures selling overhang and weak late-summer seasonals.  But this strengthening bull still has a long ways higher to run yet before silver prices reflect prevailing gold levels.
Just like gold, silver faces a record futures selling overhang today…

SprottBillionaire Eric Sprott believes Everything Is In Place for gold and silver…

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gold bullWith Gold and Silver Prices Breaking Out In a HUGE Upside Move, London Analyst James Turk Joins A Crucial Metals & Markets to Break It Down:
You Haven’t Seen Anything Yet – Real Move Begins After Silver Takes Out the $50 High…

rocketLegendary gold trader Jim Sinclair (the man who called the top in gold to the very day in the last gold bull market), and who has famously predicted gold will reach $50,000/oz in the current bull– says that when gold hits his $50,000/oz level, Silver will be GOLD ON STEROIDS…

SD reader Dave writes:

I invested $20,000 in gold and $60,000 in silver bullion five years ago.  I was lead to believe they were going way up due to money printing and zero interest rates.  So far I am down nearly 100%.
All the fundamentals are right for higher prices but both metals have gone way down.
Can these prices go up without a complete collapse of the dollar? I figure I only have about 10 years left to live. Will I ever get even?  

Thanks,  Dave.

apple silver shortageAccording to this industry insider, the price of silver is set to surge 9 fold on massive tech gadget demand for the white metal.
The silver rally is just beginning.  What we’ve seen in the last two months is just the beginning of the next bull market…

gold bullIn this Critical Market Update, the Silver Admiral Eric Sprott discusses the big recent decline in metals prices caused by recent concerns of an imminent Fed rate hike.
Can The Fed stop a “Totally Crazy” Bull Market? 

gold bull“We are finally in the very beginning of the new bull market which will be the most exciting as the third leg up is the one that is the most rewarding. In fact few will believe just how high the precious metals will go. The end date is most likely 2018/2019 at this point.”

rocketThe narrative promoted by the various false prophets of the precious metals market will have you believe that the net short position of the Comex bullion banks and the net long position of the hedge funds is at a record high,and thus we can expect a massive price decline because of this.
But the presentation format is highly misleading….