Chen Lin – Silver To $50 In June, How Chen Is Playing This Call
Chen Lin, Editor of What Is Chen Buying? What Is Chen Selling? joins me to outline why he thinks silver is going to $50 next month, in June!
Chen elaborates on key drivers behind this prediction, including historical silver rallies, short squeezes, alternative investments, and increased demand from China. He compares the current silver market dynamics with past movements in other metals like copper and aluminum.
Chen also discusses the role of AI in increasing silver demand, particularly in solar power applications, and emphasizes the importance of strong management in selecting junior mining investments. Throughout the discussion, he explains his investment strategies in futures, ETFs, and a couple silver stocks.
Be sure to check out Chen’s presentation at the upcoming MIF virtual conference on June 6th. Click here to register
Click here to visit Chen’s website – What is Chen buying? What is Chen selling?
Richard (Doc), Chen Lin is the smartest analyst I have ever listened to, we will see about that! I wouldn’t want to go up against Chen Lin ever. This will be interesting! DT
DT, Gary Savage still owes me a steak dinner on a bet years ago. That steak by now is well done.
Doc, Gary Savage is not in the same league, you are treading on dangerous ice! DT
Doc, his call goes beyond speculation into gambling. I agree with you! BDC
P.S. The NatGas beast may be about to hatch.
In my opinion Chen Lin is an exceptional stock picker and a good macro analyst. His sector timing in my view is not as Doc’s. Anything could happen, but I expect a bit of a correction first. It is a wild market though and silver is my favorite.
The charts are very friendly to Chen’s call and so is sentiment. Skepticism among the retail herd remains amazingly high considering what’s been happening since the February low. However, there is no metal that is more manipulated than silver by your government’s government so it will be very interesting to see how a squeeze will be dealt with. Will “they” do anything to slow it down or, conversely, will they be the most powerful driver. Unlike the overwhelming majority of conspiracy analysts, especially pertaining to silver, I never assume that I know for sure what the plan is, and there IS a plan, you can be sure of that.
Chen’s call would require silver to have its best month since 1979 but would not have to come close to matching either of the two best months of that year. It just needs to beat January 1980 by a hair.
So I’ll guess that even if Chen is right about the squeeze we still probably won’t see 50 until July.
With that said, I have to stress the fact that the picture is absolutely good enough to send silver into a once-in-two-generations move. WAY too many traders seem blind to the power potential of great looking big charts like the quarterly and yearly.
With Biden, Blinken,Kamala, Austin, Macron, and Ursula running things we could be in WWIII by July and silver could be 100 or 200 and we could be dust in the wind. All our silver won’t another minute buy.
Chen Lin is one of the few experts who have any respect left. Smart guy. If anyone, he can get away with making a call like that go wrong. He has earned his stripes. But 90% of the interviewed Kitco crowd, jeez, they are imbeciles. Including the millionaires who claim to be experts.
The odds of silver hitting $50.00 in June of this year is less then 1%.