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Subject Silver's Outlook for 2013

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[quote:Anonymous Coward 30272530:MV8yMDg3MTk3XzM1MTQ0MjIzX0I0NTQ0NTIy]
[quote:No Dhimmi:MV8yMDg3MTk3XzM1MTQzOTAyXzYwRTdDMDZF]
Now the Silver manipulators are gaining a foothold to do the same to the price of copper!

JPMorgan Wins Approval for First U.S. Physical Copper ETF

http://www.silverdoctors.com/jpmorgan-wins-approval-for-first-u-s-physical-copper-etf/
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Yes, ETF's like GLD, SLV and this new copper ETF are merely price suppression mechanisms disguised as investment vehicles. There is NO price discovery in the marketplace today; the current system is specifically designed to NOT allow it, but instead allow for price management to a degree that few people would believe. But price suppression always fails, and when it fails in earnest in the silver market (the primary focus of the manipulators, for reasons that are beyond the scope of this post), the public will finally begin to understand that what they were taught was money simply isn't.

In 2008, I predicted that the silver price would reach $1,000 an ounce within 10 years, and I stand by that assessment. Learn the math, run the fractals, and the inevitability of what today would be considered stratospheric price levels for silver will be quite easily achievable in the absence of the omnipresent and powerful price suppression.

It's always hard to time these things, but I strongly believe that silver will blow past $50 an ounce next year and never look back. And within 5 years, the idea of $50 an ounce silver will seem as ridiculous as using colored pieces of paper as money.
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Original Message The 2003-2012 silver price in all major currencies is shown in the graph below.

Question: When will silver cross $50?

Answer from David Morgan: It is likely to happen in 2013. The next leg up is starting right now, although we probably will not see a substantial acceleration in the leg up. Obviously, as soon as $50 is crossed an acceleration can be expected. It remains difficult to forecast how fast the acceleration will be.

Question: How much is silver currently undervalued (compared to the money supply)?

Answer from David Morgan: One of the realistic approaches would value 700 dollar an ounce. Source: a recent video from professor Ryan Jordan.
Question: I keep my silver in the US. Should I also store it outside the US?

Answer from Mark O'Byrne: We advise clients not to store bullion in the US. In fact, Switzerland remains the safest place in the world to store bullion.

:Silver in 2013:

[link to seekingalpha.com]

Pictures (click to insert)





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