Today the man who has made been on a roll for many years making correct market predictions, Peter Boockvar, discusses $200 silver as well as the upside for gold and the mining stocks.
November 7 (King World News) – Peter Boockvar: “I think the risk/reward is still very much skewed to the upside. I do think gold and silver are due for a rest after this impressive move. $50 give or take because it was the 1980 and 2011 peak has proven to be some sort of technical resistance, but silver is very cheap relative to gold. The upside for silver is still a double from here. When you inflation-adjust silver from the 1980 peak and it’s $200 an ounce. And also, from a physical standpoint in terms of production and demand, there are deficits right now. So the upside is still…to continue listening to Peter Boockvar discuss $200 silver as well as the upside for gold and the mining stocks CLICK HERE OR ON THE IMAGE BELOW.
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