Jim Flanagan, of Past,Present, Futures newsletter sees silver maintaining a sideways,slightly upward bias until mid July when, he says, silver will start to take off. Flanagan has called the silver market fairly accurately thus far. He called the bottom in November, a 4.35 support level, and the sideways trending market. He sees silver ending up at a multiple (3 or 4) of its present price over the next couple years.
Flanagan studies Gann cycles. Silver, thus far, is closely following both its 30 and 60 year cylce.
Also, saw a recent newsletter of Doug (Edgar) Casey. He says we are at the beginning of a major bull market in the mining stocks. Expects gains of 1000%.
Curiously enough he also addressed the huge over supply of silver on the planet. He suggested that the ultimate repository for the silver might be outer space! He specifically said he thought silver was going to the moon...Should solve all our problems in that regard. |
