Jim Rogers : I will Buy more GOLD , If America bombs Iran

Jim Rogers : I own gold and I own silver. I own all the precious metals, especially gold and silver. I'm not sure I would buy right now. Gold has gone up 12 years in a row, which is extremely unusual for any asset, at least in my experience. I don’t know any asset that’s gone up 12 years without a down year except gold. Gold has had only one decline over 30 percent in those 12 years. That, too, is extremely unusual. Plus, if you look at the open interest from the CFTC, the speculators have been piling into gold. The number of call options is more than twice the put options. All the signs are that there's too much speculation in gold right now. I’m not selling, by any stretch. I own it. If it goes down, I’ll buy more. If America bombs Iran, I’ll probably buy more going up. But I own it and, over the longer term, gold is going to go much higher because the world is doing nothing but printing money. And when the world economies get bad again, they're going to print even more money. But I'm not buying now. - in indexuniverse

2013: $26 or $40 Silver? 2012 Predictions Right?

This video recaps 2012 forecasts and delivers expectations for 2013. People are simply selling off their winners before the year is over, it is not uncommon for this to happen. Add in the fiscal cliff tax uncertainty and TADA you have a selloff. Come January they will re-establish their positions. Warning: No profit, loss, or any change in financial values is guaranteed in this video.

More Signs of Silver Bullion Shortage

“This is the definition of a silver shortage – nothing to do with the physical amount of the substance being in deficit, but people’s psychological intention not to sell. The extent to which a shortage is developing is witnessed by the extent of backwardation.”
That’s what Ned-Naylor Neyland wrote in a recent commentary (thanks to GATA for bringing it to our attention). He is the Investment Director at Cheviot Asset Management, one of the UK’s largest independently owned investment firms. His commentary was triggered by the decision of the London Bullion Markets Association (LBMA) to cut the reporting on the Silver Forward Rate on the 2nd of November, playing it down as “only indicative rates and therefore not dealable rates between forward Market Makers.”
Clearly, Ned-Naylor Neyland holds another opinion. He is monitoring the Silver Basis & Co-Basis (by Sandeep Jaitly) and it showed a huge anomaly more or less at the same moment of the LBMA’s decision. That kind of behaviour points to strong backwardation, a signal of silver shortage (based on the earlier mentioned definition).   - via http://www.marketoracle.co.uk/Article37865.html


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet