Even JohnF went Neg on silver on his last Vid post, prior ..
NumbersUsacom
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prior to that he was steadfastly sticking to his Silver at $100.00 by dec 31, 2011. He is now looking at the $20-21 range.
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<< <i>prior to that he was steadfastly sticking to his Silver at $100.00 by dec 31, 2011. He is now looking at the $20-21 range. >>
You mean to say that another "crystal ball reading fortune teller" misread his ball?
His timeframe for $100 silver was 2012-14, he made no predictions for silver going beyond $100 but did say he had a sizeable amount of physical holdings.
He also said that once silver hit $100 he would buy puts on his silver and keep his physical holdings as he indicated that buying back physical silver would be extremely hard as the supplies would be very tight.
His reasoning was that silver like anything else that goes through an extended bull market will have a fairly sizeable correction.