Interview with Louise Yamada former Managing Director and Head of Technical Research for Smith Barney. Louise Yamada was a perennial leader in the Institutional Investor poll, and was the top-ranked market technician in 2001, 2002, 2003 and 2004, before going independent.
When asked about silver Louise remarked,
“Silver has 60% industrial usage, but because there are still the monetary concerns out there, silver represents a less expensive alternative to owning gold.
I think that silver has lifted out of a 30 year base and the whole concept of the longer the consolidation, the greater potential upside. Silver is clearly in a structural bull market.
The point and figure calculations off of this base are $40, $45, $60, $75 and $80 over months to years.”
Full article here: KingWorldNews
How is that prediction on the S + P going down to 600? or was that $450?
Instead, oil is heading down, in the 40’s now and gold can barely hold 1,200 $.
I think silver will sink to 10-12 $ and gold will dip even below 1,000 $.
God knows where oil will end up.
If you can pick the bottom during this deflationary window of opportunity, you’ll be a happy man several years later!