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Gold rays weaken forecasters' views

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27 March 2008 @ 02:21 am EST
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The all conspiracy all the time market watchers should consider declaring victory instead of continuing to weave increasingly hard to believe tales of this cartel or that cabal intent on evil price suppression. Instead, they ought to focus on the incredibly bullish fundamentals for the white metal and the recent real surge in buying interest by a growing percentage of the population which will certainly have much more effect than any imagined price suppressing action by a few large market players.

That growing percentage of the population that is buying silver again would prefer to think that the market they are buying into isn t rigged. It isn t, you know. Not really. And, as the percentage of the population that becomes interested in owning silver balloons a little later in this silver super cycle, odds are that the U.S. dollar price of the white metal will return to a more historic relationship with its yellow cousin. Which is to say this report is looking for silver prices that are multiples of Monday s $17 and change close in time. Got silver?

Courtesy: www.resourceinvestor.com

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