Pundit's Perspectives – Sun 27 Jan, 2013

2013 Silver Predictions from Sean Rakhimov

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Sean Rakhimov of Silver Strategies give Al Korelin his predictions for Silver and the markets in 2013 from the VRIC in Vancouver, B.C.

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Learn More about Silver Strategies: http://www.silverstrategies.com

 


Featuring:
Sean RakhimovAl Korelin

Comments:
  1. On January 27, 2013 at 3:19 am,
    Bentnail says:

    AL:

    I agree wholeheartedly … it is much easier for gold and silver to go from 30 bucks to 60 bucks then it is for gold to go from 1650 to 3300. However, the reverse is also true … it is much easier for silver to lgo from 30 bucks to 15 bucks then it is for gold to go from 1650 to 825. That said, I agree that there are far too many indicators in the world that tell us the former will occur long before the latter.

    Thanks for the great interview.

    • On January 27, 2013 at 4:03 pm,
      marc says:

      BN,
      My sentiments EXACTLY!

      • On January 27, 2013 at 5:41 pm,
        Al Korelin says:

        Thanks Bentnail,

        Sean is a really good guy, a good friend and certainly very bright.

        Big Al

  2. On January 27, 2013 at 3:19 am,
    Dennis F. Brophy says:

    Perhaps investing in NoDoz could be a plus to your portfolio. I had a friend who was an assayer that would buy pure USP Caffeine, then add it to his coffee in the morning.

    • On January 27, 2013 at 5:41 pm,
      Al Korelin says:

      Betcha he had trouble sleeping, Dennis F!

      Big Al

  3. On January 27, 2013 at 10:50 am,
    Paul L says:

    Harry Dent is predicting a new high for the first half of the year but expects gold to crash again. I think he said 750 eventually in 2014. Excerpt of an email that just came in:
    On January 31, Harry will release his video presentation: THE NEXT FINANCIAL MELTDOWN: Harry Dent’s Shocking Predictions for 2013.

    He’ll provide details on:

    • GOLD: Harry expects gold to hit new highs in the first half of 2013. But watch out after that! Wait till you see where it’s heading next…

    • THE DOW: When will the Dow’s great crash to 6,000 (and ultimately 3,300) begin? And exactly what you can expect in 2013…

    • BONDS: Will bond rates stay at historic lows or are they going to zoom higher? You’ll have to watch Harry’s forecast video to find out.

    • REAL ESTATE: Is now the time to buy real estate? Not if you want to be upside down. Harry says, “The real estate market will decline another 30%, despite the lowest mortgage rates in 40 years.”

    • INTEREST RATES: The Fed has promised to punish savers until at least mid-2015. So what are your “safe-money” options? It’s not what you likely think.

    • CONSUMER SPENDING: One group of spenders is about to slam the breaks on their spending… a move that will cripple the economy. Harry will tell you who these people are and what you must do to protect yourself.

    • On January 27, 2013 at 2:02 pm,
      Silicon Valley Joe says:

      Dent is terrible, and he flip flops on things like gold regularly.
      He was howling to sell gold in January of last year in a Youtube video. Gold went up the day after he posted the video, he then went back and edited the video and republished it, minus his bearish comments on gold and then showed up on Goldseek Radio where he was bullish on gold.
      He we also pushing a market crash a couple years ago and said you should buy the SH. Well, if you did that you would have gotten creamed.

      In short, he stinks.

    • On January 27, 2013 at 2:31 pm,
      jERRY THE SHORT...OOTB says:

      harry is spot on ….with the REAL ESTATE COMMENT…..wait till they see the real estate tax increase across the nation…..this might be the communist manifesto….

      • On January 27, 2013 at 5:44 pm,
        Al Korelin says:

        Thanks for the opinion, Silicon Valley Joe.

        You know, I really believe that a person has to come to his/her own conclusions after getting the opinions of others.

        There is no one “expert” who is always correct!

        Big Al

      • On January 27, 2013 at 5:46 pm,
        Al Korelin says:

        Evening The Tall,

        I don’t often disagree with you, my friend. But I have to disagree here.

        I personally believe that real estate has certainly not recovered but I also think that another major downward move is not in the cards unless a MAJOR depression is next.

        Who knows, man? Maybe it is. But I am not investing that way.

        Big Al

        • On January 27, 2013 at 10:08 pm,
          jERRY THE SHORT...OOTB says:

          EVENING BIG AL……Remember ,,,,now, you use to be a banker, and I use to be a real estate person,…..I do think we have some more lows to come on the mcmanions,I posted below, my comments concerning why, I have to agree with a further reduction in the value of the bigger units….those priced over $800,000….the jobs , and income are not there to support these priced units,,,,,from what I am hearing ,and reading the bankers are going back to the old formula for the loan,,,,more down payment, and you even have to have a job.. hard to believe you need a job, to qualify for a loan,,,,hummmm …..

          But,,,,I must admit the picture of the mountain and golf view,,,could sure draw some extra cash….and that is limited supply and I would think a big demand…so, that type of property will hold it’s own……respectfully,,,,,ooooooootb

    • On January 27, 2013 at 5:43 pm,
      Al Korelin says:

      I am sorry Paul L, but I can’t agree with most of his ideas.

      Listen to our interview with Danielle Park which will be up around 10 a.m. pst.

      Best,

      Big Al

  4. On January 27, 2013 at 10:58 am,
    Paul L says:

    I think gold will have one more big pop up to new highs as hedge funds rush in and then demand should dry up and it falls hard and fast by maybe $500 or so as the hedge funds rush out to cash their profits. Highly risky times ahead.

    Some more interesting forecasts from Harry Dent:
    Dear Survive & Prosper Reader,

    Everyone has been expecting gold to leap to new highs for months now, especially with new stimulus from the U.S. and Japan and more just starting to come from China (and likely Europe ).

    But markets don’t like to please most investors. When you think they should go up, they tend to go down and visa-versa!

    So now the number of people doubting gold is steadily increasing. And to me that means we’ll see gold spike soon.

    But hang-on a minute. You may have heard that I’m calling for gold to plunge to $750 an ounce. If you have, you might be wondering right now, “What is this guy smoking?!?”

    Let me clarify for you. I DO believe gold will ultimately meltdown to lows last seen around 2008. In fact, I wouldn’t be surprised if the price drops lower than that because that’s what bubbles do when they deflate. They drop down to pre-bubble levels, often lower.

    But that’s my medium-term forecast for gold. I’m talking gold $750 around 2015.

    First, I see gold catching investors off guard… again…

    Gold hit an all-time high of $1,934 in early September 2011. Ever since then it’s been trading between $1,520 and $1,800.

    That’s two years of essentially going nowhere.

    What gives?

    Well, there are two things that seem to drive gold at the moment. The first is purchases in India and China, which together make up 52% of demand for gold. Particularly India mostly uses this gold for jewelry.

    But both economies have been slowing… so gold hasn’t had the fire beneath it to flourish.

    The second thing gold responds to is potential financial crises and the typical reaction to print money. Europe’s last big surge of money printing was in late 2011 and early 2012. There’s been nothing since. And China pulled back on monetary stimulus in the last year to curb its extreme real estate bubble.

    It has only been the U.S. that stepped back up strongly in mid- to late-2012 with QE3 and QE3 plus. Gold rallied on that move, but has since pulled back, especially as a few members of the Fed have started to question the ability to do QE indefinitely.

    As it turns out, those are the two factors that will drive gold up in the months ahead. For starters, I expect we’ll see more money printing and stimulus from China soon. And more will follow from Europe, especially if the U.S. finally slows in the first quarter of this year as we anticipate.

    Naturally, gold will welcome more stimulus with wide-open arms.

    I also expect economic trends in China and India to be a bit stronger in the first half of this year… before a global downturn.

    But, there’s another important reason I believe gold will surge ahead… before it rolls over. That is: everyone is now bearish on gold. More and more media articles are pronouncing it dead!

    That is always a bullish sign.

    And traders have been at their most bearish in years THREE times in recent months.

    There’s a high chance gold will go to new highs in the next few months, where it will peak as global slowing returns and deflation in prices takes hold (at least into 2015 or so).

    Don’t give up on gold yet, unless it breaks convincingly below $1,520.

    And when we see a new high over $2,000, it’s time to start unloading the boat!

    Harry

    • On January 27, 2013 at 12:46 pm,
      Matthew says:

      Dent thinks gold is in a bubble? He obviously doesn’t know what a bubble is. The price in January, 1980 did constitute a bubble, yet the price never did “drop down to pre-bubble levels” as he claims it always does. In fact, gold spent the 1980’s between $300 and $500. The average was around $400, or 2 times its pre-bubble peak — still 11 times the price at the beginning of that bull market.
      If this cycles does follow the action of the ’70s (35 to 200, then 200 to 800+), then 1900 is likely the “pre-bubble” peak. This implies a rush to over 8,000 with a collapse to 3,000 and a subsequent trading range of 3,000 to 5,000. Given the differences in the world today, I would say that this would be the minimum that we can expect.

      • On January 27, 2013 at 2:33 pm,
        jERRY THE SHORT...OOTB says:

        Matthew…..ditto on the bubble……

        • On January 27, 2013 at 4:11 pm,
          marc says:

          Paul L,
          I think Harry Dent is off his rocker. If he is right he is a “superstar”….oh well, at least he can dream he was one….I guess him and Jim Sinclair…dont get along. 🙂

          • On January 27, 2013 at 6:10 pm,
            Paul L says:

            I don’t think 750 is ever possible either. 1500 is about the limit down.

          • On January 27, 2013 at 6:28 pm,
            Matthew says:

            I agree. In 2008, the 34 month moving average was briefly violated. If it is finally violated in this correction, we would see a price under 1536. I don’t think it will happen, but if it does, it will provide nice symmetry to what appears to be an inverse head and shoulders pattern forming. However, the current higher right shoulder is bullish in my view, just as a lower right shoulder on a bearish h&s pattern is bearish – showing market weakness.

      • On January 27, 2013 at 4:14 pm,
        marc says:

        I KNEW those Dent comments would bring out the “professor” or Doc or Mark Alan….couldnt agree more Matthew! BTW, Jerry my close friend agrees with you that real estate is doomed for another downfall.

        • On January 27, 2013 at 4:53 pm,
          jERRY THE SHORT...OOTB says:

          marc….gotta…have those jobs…for the sales to take off…….most of the activity is not in the buying ….but, in the refinancing of existing mortgages…most homeowners, of the mcmanions are still over their heads in debt….

          • On January 27, 2013 at 5:55 pm,
            Al Korelin says:

            That, The Tall, is assuming that they have not lost their Mc Mansions yet!

            The number of repo’s in our little part of the world is amazing give the demographics up here!

            Big Al

        • On January 27, 2013 at 5:53 pm,
          Al Korelin says:

          Hi Matthew, The Tall and Marc,

          I agree with all of you except you Marc re: real estate.

          Maybe a bit of a downfall, but common how low can it go? 40 cents to 50 cents on the dollar where we live. (Go to http://www.semiahmoo.com) Then let me know if you still agree.

          Are we gonna see you in the desert in about three weeks? Kathy and I hope so!

          Big Al

          • On January 27, 2013 at 9:53 pm,
            jERRY THE SHORT...OOTB says:

            BIG AL……THAT IS ONE BEAUTIFUL VIEW………
            concerning the Real estate, down turn,I think in some areas,real estate will hold on,but, the millionaire status of the 2006 market, is still going down, There were ,and still are to many overpriced units…$800,000 to 1.5million ,which should never have been built,
            The market could not support those units,the income simply was not supportive of those prices……The mentality of the “flippers”,cause this glut….along with the cooperation of the banksters….I still think we have a lot more to go to reach a bottom in the 4000 square ft. houses,the socalled mcmanions,,,,,The problem with these units, there are not enough buyers, with the incomes to support these prices,,,,supply and demand…will cause the prices to come down, just like any item, to much supply, not enough demand ,with the money, the price go down….period….

        • On January 27, 2013 at 5:56 pm,
          richard says:

          Marc, I think about you every time palladium ratchets higher. Russian reserves are said to now be negligible for the first time in years.

          • On January 27, 2013 at 7:10 pm,
            marc says:

            Thanks Doc. BIG AL _
            That was my friend’s opinion regarding real estate. As you know, I took the plunge again in the middle of last year with another investment condo here in the beach. So far so good, its up a good chunk of change.

    • On January 27, 2013 at 5:50 pm,
      Al Korelin says:

      Hi again Paul L,

      Obviously a consideration. A realistic one? Maybe, but I think it is way too early to tell!

      Big Al

  5. On January 27, 2013 at 12:22 pm,
    Shad says:

    good interview. I agree overall that this should be the year to take out the previous high in Silver if it is going to happen, nobody can predict “black swan” events, but it won’t take many to put upward price pressure on the markets. One lingering concern is if the oversupply in the marketplace, according to CPM group will stall prices here to lower this year just on the fundamentals. Overall though, I feel good about silver and Palladium this year. More so on the Platinum/Palladium side, but all 3 metals are precious and industrial, so this gives them 2 different scenarios to uptake supply – investor and industry.

    • On January 27, 2013 at 5:56 pm,
      Al Korelin says:

      Thanks for the opinions, Shad!

      Big Al

  6. On January 27, 2013 at 3:46 pm,
    LGC says:

    The problem with black swan events is that the Mainstreet Media plays a big part in not getting the event reported so it might have the negative impact to the market. Without media coverage the full impact cannot be felt.

    • On January 27, 2013 at 5:56 pm,
      Al Korelin says:

      Interesting point, LGC!

      Big Al

  7. On January 27, 2013 at 5:42 pm,
    richard says:

    At this time gold’s momentum is slightly down while silver’s momentum is hanging neutral. The next 2 weeks will be key. The gold stocks will have a little more pressure the next couple of weeks and then should bottom. I might add gold isn’t close to a bubble. Bubbles don’t act like this—-there’s one disconcerting chart which is the dow/gold chart. For the first time in months, the ratio has compromised the 200 week MA. This is probably not significant unless the 50 week MA compromises the 200 week MA and it’s not close yet. My intuition tells me the Dow is close to a top with the VIX at a low we haven’t seen in months—-the law of averages aren’t with a parabolic dow. Watch the bond market right now. It looks like it wants to break down in the short term technically. Palladium continues it’s strength. The dow in all likelihood has one more significant drop toward the 6000-8000 range before this secular bear market and the deleveraging cycle is over. Everybody is talking about the improving housing market but the case-shiller 100 year index chart is screaming one more leg down.

    • On January 27, 2013 at 5:57 pm,
      Al Korelin says:

      Would like to do a short interview with you on Monday, Doc.

      Hope you had a great weekend,

      Big Al

      • On January 27, 2013 at 5:59 pm,
        richard says:

        Al, I’ll e-mail you and you can give me a time. Doc.

        • On January 27, 2013 at 7:17 pm,
          marc says:

          Thanks, again guys!
          Big Al, I am TRYING to cut loose here in SD and see you and Kathy – I HOPE SO TOO! But, I will know more when the time draws closer.
          All the best,
          Marc