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Major suppliers are reporting that massive buy orders have been placed on 100 oz Comex silver bars which could send silver prices soaring by $2-$4 per ounce in a very short period of time. Tom is declaring both gold and silver in an “all buy” mode. Tom expects to see even more gold buyers strongly entering the market by the close of business next Wednesday. He also expects much of the shorts in the market to dissipate by the middle of next week as we head into the biggest buying season of the year for gold and silver.
The Indian harvest season, the Chinese New Year, and the coming U.S. fiscal cliff are all set to drive prices higher and the U.S. dollar lower. In fact, over the last 11 years, the U.S. dollar has faced strong headwinds in the month of September because of the massive U.S. deficits.
The writing is on the wall as both major hedge fund managers and central banks are buying gold in large, even record, amounts.
By the end of the year, Tom expects silver prices to rise by 15%-25% and gold to rise by 10% or more.
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About Tom Cloud
Thomas Cloud is the Chairman of the Board of Turamali, Inc. and has a long and successful advisory track record in both financial planning and tangible assets. His expertise as an financial counselor and thorough knowledge of the products he recommends has attracted an impressive list of individuals and major institutions from across the United States. Since 1977, Mr. Cloud has devoted his attention to all areas of tangible asset investing offering a “hands on” approach to each and every Turamali, Inc. client. For more information about Precious Metals Investing, click here.
