A Tale of Two...Opinions

If you get aboard this precious metals train, you need to make some determinations as to what all the experts are saying.  Some will say, "We're headed up", some will say, "We're headed down".  It's never easy to know who's right, but you have to make a stand.  Or you'll never make any money.  It's easy to sit on the sidelines, and honestly, sometimes that's the best decision you can make.  Especially when the precious metals are taking a real beat down.  However, I do not believe the beat down is upon us quite yet.  My opinion is that we have a final push in silver in gold to around the $42+ area for silver and the $1,500 + area for gold, before we get a hefty correction.  Do you want to wait until after the correction?  I wouldn't fault anyone for using that logic. However, I am a speculator, and I try to make money while we still have movement, and I believe we have more coming.

Here are a couple of opinions to show you what I am talking about.

For silver's final push:

http://profitimes.com/wp-content/uploads/2011/03/silver3.png

And for the drop:

http://www.321gold.com/editorials/moriarty/moriarty032511.html

I ask you to consider this though.

Gold made a previous high in 1980 around the $850 mark.  It has blown away that mark by 67%.

Silver made an all time high in 1980 as well, around $50.  It's still 26% below that mark.  If silver got to the same point as gold is now, it would be trading at $85.50.

I have a quote from a movie that explains how I feel when talking about gold and silver.  Here it is.  Know what it's from?

"This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes."

One of these days people are going to realize why no fiat currency has endured the test of time.  It's always too easy to debase your currency.  It's been proven over the ages.  Gold was money from 700 BC, and silver since around 4000 BC.  Anyone seen some fiat dollars from that time period?

Until the next time...

Fiat Doubter