- Apr 18, 2010
- Reaction score
We have absolutely not seen the high in gold and silver. The actions of central banks, and especially the treasury and the Fed, are going to destroy all fiat currencies, and certainly including the dollar. In fact, we’re probably going to go into hyper-inflation. If we turned around tomorrow and gold and silver went up, I wouldn’t be as happy as I would after a good, solid correction that wakes everybody up. Investors vary from being too optimistic to being too pessimistic, and I would really like to see people get pessimistic. Now that doesn’t change anything about the value of gold or silver, it just changes how people look at it. However, with the DSI on both gold and silver, still around 60, that’s very high. I would really love to see it come down to 10 or so. However, I will say the next six weeks or two months could be catastrophic in American history.