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Here is how Silver gets to $100

Courtesy of Read the Ticker

here-is-how-silver-gets-to-100Why not, silver to $100. Here we will use the same play book as the BearStearns 2007 bust, after all history does rhyme.

Reference Ted Butler articles: Another Stunning OCC Report, More Serious Than I Thought

Extract from 'More Serious Than I Thought.

 

…"The seriousness of this issue is rooted in the scale of the numbers. If Bank of America is short 800 million oz of silver, as the data in the OCC report strongly suggests, then that means every dollar higher in the price of silver translated into an $800 million open (unrealized) loss. Every $10 move equates to an $8 billion loss. A hundred dollar move higher from here equates to an $80 billion loss. Can BofA fund such losses or will taxpayers be called upon to bail the bank out? Even the slightest hint of such a development should be enough to require immediate clarification from the regulators and BofA and there’s a lot more than the slightest hint in the OCC report."…
 

More here:

 


 

RTT Comments: Here is how this could all play out over the next few years!

 

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Silver
 

Why not! 

 

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Investing Quote…

 

.."There were times when my plans went wrong and my stocks did not run true to form but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins."…

Jesse Livermore

.."I was educated once – it took me years to get over it"..

Mark Twain

..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..

John Templeton

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Benjamin Graham

.."A government is the most dangerous threat to a man's rights: it holds a legal monopoly on the use of physical force against legally disarmed victims"..

Ayn Rand

 


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