Bob Chapman : we will see a long run in Gold and Silver that will surprise many people

Bob Chapman - Radio Liberty 3rd Hour - 25 July 2011

Bob Chapman : we had a number of test on the support levels for Gold and Silver , i fact Silver had 8 full tests on their lows of $32.5 to $36  and you have a broad test like that usually it is 3 may be 4 times , this is 8 times so when you have a situation like that historically you usually have a break out and a large run  and usually it is a 100 to a 150 percent and that's usually is over 6 to 8 month period following the test , so by the end of the next February I would think that we probably will be looking at something over 2000 dollars for Gold and that's very very conservative and probably 70 or 80 dollars silver and it could be much higher