“Silver Could Double in a Week”

So sez Izzy Friedman, Ted Butler’s mentor. Here’s more from his latest:

$100 SilverMy crystal ball tells me that when the users panic, don’t be surprised that the price of silver could double in a week, and we could reach $40 in less than two months, and move quickly to $100, only because there is no silver available.

Be careful, those who have certificates from COMEX, don’t deliver your contracts for paper futures contracts no matter how attractive the spreads become. Don’t give real silver for paper obligations.

Hold your silver close to your heart and remember that the real gold is silver. When the price of silver is equal to the price of gold, then think of profit taking. If you don’t have silver, you won’t be able to take profits. [more]

Now, that’s a  f-i-n-e  dream: silver same price as gold. Yes, listen to him. (Izzy was right in December 2007 when he said the premiums for Silver American Eagles will be going up significantly. They went from $1.49 over spot to $7.95 over spot now.)

◊◊◊◊ Now: Gold @ $754.50, Silver @ $10.21, USDX @ 84.85 ◊◊◊◊
◊◊◊◊ Now: DJIA 9,625.28

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