When Will Silver Prices Explode?

Jason Hommel,

Many analysts and investors try to guess when silver prices will explode. They make these guesses based on the charts, or even by the fundamentals like I do. I pointed out the fundamental supply and demand numbers in my last article, "1% of 1%".

The Tiny Silver Market attracts 1% of 1%, or $1 out of every $10,000 in the US Banking system, each year.

By the time 1% of paper money tries to buy silver in one year, there will be 100 times as much investor buying of silver as today, which will be about $180 billion trying to buy only 750 million ounces of annual world production, which implies a silver price of about $240/oz., or perhaps higher.

1% of 1% August 23rd, 2010 (The Silver Market is tiny, tiny, tiny!)

That article led Al Korelin and Steve Carr to call me up for a 13-minute radio interview on the Korelin Economics Report. See here:

http://kereport.com/weekendshow/weekendbt-aug2810-seg1.html

Please listen to that radio segment; it's very powerful information.

The silver fundamentals are so great, and the silver market is so small, that at any time, the silver price can double, up from about $18-19/oz. now, to about $40/oz. (more)

Using this one method I turned a $14,000 trade into a $75,000 profit in just 8 months.