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I’ve got gold going to $10,000 now. So, I’m the guy with the highest price target out there…It could be a matter of weeks or a matter of years. This is one of these avalanche type event things. You don’t know when the snowflakes are going to hit. It’s going to be a change in psychology, a panic reaction, and it will happen very quickly…it could be a five-year play or it could be a one-year play depending on circumstances. I don’t really want to get into the timing of it except that the dynamic is set up for $10,000 gold…

gold barsBy any past measure, the futures market is wildly overbought. But will the speculating bulls win out this time?
There is a very good chance they will, but the danger of a market drifting lower while the bullion banks close their shorts is significant.

SprottIn the MUST LISTEN Market Update below, Eric Sprott discusses the recent price weakness in gold relative to the continued STRONG performance of silver and the mining shares.
“Silver Just Won’t Break….It Could Get VERY Explosive Here..”

hyperinflationDerivative defaults will blot out the financial landscape like a murder of crows.
In a brief moment, precious metals prices will pass through their fundamental price equilibrium on their way to unimagined levels, while re-asserting themselves as the ultimate value measuring sticks.
From there we hit the point of no return, money velocity surges as the devaluing dollars are forced through government channels, and hyperinflation finally commences…

silver barsThe collective whistling past the graveyard while one entity (government sponsored directly or not) has maintained an extremely concentrated short position, while more than likely accumulating one of the largest physical stockpiles of silver on earth…