freefallSilver is in a different world.
It has a long way farther to fall, before it catches down to the fundamentals…

EmbryThis week, Egon von Greyerz met up with Sprott’s John Embry in London to discuss a subject that we suspect could peak the interest of more than a few readers.
Could silver reach $1,000?

NeumeyerIn January, Keith Neumeyer, the CEO of the world’s top primary silver producer boldly predicted that silver would rise to $20 by the end of the year. 
Now Neumeyer,
who is also the Chairman of  gold-focused mineral bank First Mining Finance (which has seen a 220% increase this year), has another bold prediction.
With his insider understanding of the resource market and close relationships with many in the industry, Neumeyer says we should prepare ourselves for gold to rise to a possible high of $8,000 per ounce, which would mean at least at least $200 for silver, with the potential to go SIGNIFICANTLY higher

chartAfter dipping back during August, the silver price rallied toward the highs early this month, and then failed, dropping hard on Friday, making it very likely that a Double Top is completing.
With the dollar turning higher and latest silver COTs at frightening extremes, it is not hard to see why it might drop soon.
Normally such COT readings would lead to severe losses…

gold bullGold bottomed in December 2015, after a much-anticipated Federal Reserve interest rate hike – the first in 7 years.
Either way (hike or no hike), there is no place for the gold bull to hide. It took gold approximately 7 months to advance $250 and overcome major resistance at $1,300/oz from a bottom of $1,050. A reasonable target could be $1,550/oz ($1,300 + $250) by March 2017 – 7 months from now. Silver could follow a similar pattern with a near-term target of $26/oz…

rocketSilver has just BURST through the cartel’s Critical Defense Line of $20.50 – an EPIC BATTLE point which marks silver’s 50 MONTH Moving Average. 
It’s a battle that the cartel is about to lose…

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…

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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…