Greyerz: Alf Field Calls for $158 Silver & Swiss Look To Gold !
- Silver is greatly undervalued. It is used in practically all electronic equipment. Its inflation adjusted high (using US$50/oz high of 1980) based on www.shadowstats.com should be closer to US$500/oz. Do not be afraid of all the bullion bankster manipulation. Silver is about to rocket far higher than most people imagine possible!
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Greyerz – Alf Field Calls for $158 Silver & Swiss Look to Gold !
by www.kingworldnews.com
Today Egon von Greyerz told King World News he received an email from his good friend Alf Field predicting silver would move quickly to the $158 level. Von Greyerz also discussed the initiative in Switzerland to get the Swiss franc backed by 20% gold. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about Alf Field’s call for $158 silver: “Eric, overnight I received an email from my good friend in Australia, Alf Field. To his amazement he found the silver chart, from an Elliott point of view, runs in parallel to the gold chart. His count is now very clear that silver will, in the next move reach $158.”
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Alf’s next target for gold is $4,500 and I think this silver target of $158 makes sense because that would put the gold/silver ratio just under 30. I think we could see Alf’s targets of $4,500 gold and $158 silver this year or certainly in the next 18 months. This is going to be a quick move. In Elliott terms this is the 3 of 3, which is the strongest wave.
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