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« As The World Economy Is Burning Central Bankers Are CluelessBy Egon von Greyerz | Main | Central Bankers Get Tired of Gold as Falling Exports Reduce Cash »

Prominent European Firm Issues A Nearly $60 Target For The Price Of Silver!

As we come to the end of what has been a wild summer, this firm has issued a nearly $60 target for the price of silver.

By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein
August 31 (King World News) – 
Valuations are always subjective. They are in the eye of the beholder and often vary considerably. Objective factors, such as production costs are entirely irrelevant for valuations. The market value of a masterwork painted by Vincent van Gogh is significantly higher than its production costs, and a glass of water will be valued quite differently in the middle of a desert than on the shore of a lake.

Last year we decided to set a time horizon of three years – i.e. to June 2018 – for our long term price target of $2,300 to be reached. This is based on the premise that the trend of price inflation is going to turn up…

read more.....

Silver and gold are correcting at the moment but a new re-entry level will soon appear...

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