"GENTLEMEN, PLACE YOUR BETS"
Tuesday, April 03, 2007 - FreeMarketNews.com
There are few guarantees in life. The plain truth is that living and investing are all about playing the odds. And right now the odds favor a sustained upward move in the precious metals.
Dr. Marc Faber, editor of The Gloom, Boom and Doom Report believes:
"In the future, avoiding losses will be more important than making huge gains. Because of a weaker housing market and problems in the sub-prime industry one source of 'excess liquidity' has dried up...
"With very few exceptions, equity markets are over-bought, fully valued and vulnerable to some disappointments. For asset inflation aficionados, gold and silver should under any scenario (tight or easy money) continue to out-perform US financial assets.
"Still, whereas I believe that in the long term the Fed will have no other option than to print money and embark again on a string of aggressive interest rate cuts, weakness in one market - housing - could now spread to other asset markets - including industrial commodities and precious metals. But at the same time, there is little doubt that Mr. Bernanke is precious metals' best friend."
Dr. Michael Berry, in his daily missive Morning Notes, comments:
"Silver is a stronger story despite the huge short positions that Ted Butler so adequately reveals in his writings. Coward die many times – but silver is not coward. This is one of the most impressive intermediate term graphs I have ever seen. Silver appears headed for $15 per ounce. This will put it above its recent high water mark of $14.90 in May 2006."
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