Major Banks Slash Forecasts, Gold & Silver Price Analysis

Three major banks have slashed their gold & silver targets for 2013 and Indian jewellers are asked to stop selling gold coins and bars. June 24th Article:

Banks Cutting Gold Forecasts
Investments banks have been cutting their gold forecasts in recent months. Last week, UBS trimmed its 2013 gold price forecast by 10 percent, and on Monday, Goldman cut its 2013 forecast to $1,300 from $1,435. Credit Suisse believes that gold and silver prices are headed to pre-QE days.
"You need to re-examine your expectations for the gold market if you're long -- you need to stop thinking in terms of crisis and start thinking about where gold was pre-crisis," Tom Kendall, director and head of precious metals research at Credit Suisse, told CNBC on Monday.
"And if you go back just three and a half years, before we got into QE2 and unlimited easing, gold was trading $1,100 or $1,150 an ounce," Kendall added. Gold prices have declined almost 20 percent this year, a decline Kendall attributed to the removal of market fear factors that previously made gold an attractive asset.

Ugly Day for Silver

Jeff Nielson- Silver Market Getting Ridiculous
Jeff Nielson of Bullion Bulls Canada discusses:

(1) How he's shocked that silver has gone this low

(2) How he agrees with me that there could be a deflationary headfake and metals could even drop further (which doesn't make sense to the both of us)

(3) How he's no longer allowed to post on the Street.Com's website


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

Is the Silver Price Finally Bottoming Out?

By The Daily Reckoning • June 27th, 2012 •

Over a year ago, I penned an article entitled "4 Silver Investments to Avoid." About two weeks later, on April 26th, I wrote another article: "Should I Sell My Silver?" saying that I expected an imminent correction in the silver price, after it had gone "parabolic."

It caused quite a stir at the time. There was no shortage of people calling me delusional for suggesting the bull market in silver was overdue for a pause. Some even labeled me a "traitor," presumably to the "hard money" movement.
One of the silver companies I recommended to NOT buy immediately contacted me after the article was published, insisting there was nothing to worry about, and that their stock was a great investment.
For the record, since then, the price of silver is down 35.2% (based on the London PM fix). And of the four silver investments I said to avoid:
1. The iShares Silver Trust (SLV) is down 33.3%.
2. Large silver bars have obviously gone down commensurately with spot silver.
3. Shares in Silvercorp Metals (SVM) are down a WHOPPING 61.5%.
4. And shares in Coeur d'Alene (CDE) are off by 50.8%.
Not pretty.
 read more : http://www.dailyreckoning.com.au/is-the-silver-price-finally-bottoming-out/2012/06/27/

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