Silver Market Update

[webmaster]

Subject:Silver Market Update
By: Clive Maund

Overview: For reasons set out in full in the Gold Market update we are now adopting a more cautious tack with both gold and silver than that expressed in last week‘s updates, with the steep drop in the Precious Metals over a week ago now being considered to mark the start of a deeper and more prolonged corrective phase.

Link: http://news.silverseek.com/CliveMaund/1206893431.php

[compwiz4u]

How does your analysis compensate for the obvious downward manipulation that occurred as the official price of silver was breaking out above its upper trend line, similar to the Platinum break out? (Gold broke out too but was held down and then hammered down two weeks ago.)

If the current official Silver spot price is legit, why, on ebay, are 10-ounce Johnson Matthey bars selling for over $20 an ounce and 2008 Silver Eagles now going for over $25 each?

I think that if you chart the prices of those real-market, un-manipulated items, you will find that we they broken out above their upper trend lines.

Because of their very bullish break outs, I believe that real-market Silver is getting ready to hit $50 an ounce, probably by May, the typical seasonal peak period.

Finally, why shouldn't silver, the most manipulated metal of all, hit its all time high, just as the other PMs have already done? It would just be playing catch up.