the author goes on to list 10 reasons silver will go to $50/oz

The Dec. 27 issue of The Wall Street Journal features a front page article titled “Price of Silver Soaring.” It is written by Carolyn Cui, who quoted me in another front page article on gold back in September, and Robert Guy Matthews.

I could say that The Wall Street Journal is starting to catch up to me as most of the details in the article have already appeared in my previous writings.

While the article is largely accurate as far as it goes, it omits so much significant news about what is really going on in the silver market that it is obvious that the Journal still doesn’t “get it.”

The sixth paragraph quotes Stephen Briggs, who is the senior metals strategist at the major French bank BNP Paribus, as saying, “This is a story almost entirely about investment.”

Well, yes, the silver market has jumped dramatically in 2010 because of soaring investment demand. The article goes on to cite other examples to confirm the increase in demand this year.

But nowhere does the article examine why investment demand is soaring.

The real reasons why investment demand for silver has soared are also the reasons why I believe that silver prices will jump by an even higher percentage in 2011 than they have for 2010. That will push it beyond $50.

A recently released video featuring two talking bears can be viewed at http://www.zerohedge.com/article/jp-morgue-whitsleblowers-are-back-cuddly-bears-continue-expose-silver-manipulation-story. [Note: I was unable to bring up this article by clicking on this essay, but it worked if I entered it directly (and, yes, whistleblower is misspelled in the accurate Web address). If this does not work for you might want to direct people to www.zerohedge.com, have them click on “News” and search for “JP Morgue Whistleblowers Are Back.”] Several points in this video are supposedly derived from a JPMorgan Chase insider who has confirmed several suspicions of mine. I cannot vouch for the accuracy of the assertion that this is really from a JPMorgan Chase insider or that the alleged insider made the allegations stated in the video. However, the information in the video which I could crosscheck matches what is available from multiple sources, so it is plausible that most or all of the information could be accurate.

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=16521