Silver reached a new all time high this morning of $49.79 per ounce up 186% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce!
NIA first predicted a huge silver short squeeze in its April 3rd, 2010, article entitled, "Silver Short Squeeze Could Be Imminent". NIA said in this article, "Silver closed this week at a 10-week high of $17.89 per ounce and a major short squeeze to the upside could be imminent. With the spotlight now on JP Morgan, NIA believes they will be less likely to naked short silver at these levels and manipulate the price down like in February."
On May 13th, 2010, NIA released its critically acclaimed hour long documentary 'Meltup'. Beginning at 26:30 into the movie, NIA had a six minute segment dedicated exclusively to silver in which NIA's President Gerard Adams exposed JP Morgan's manipulation of silver. Silver was $18 per ounce at the time and NIA predicted a massive silver short squeeze saying that silver could rise to $72 per ounce as soon as JP Morgan's manipulation is over. We are more than half way there already!
NIA perfectly called the short-term bottom on silver in its July 28th, 2010, article entitled, "Gold and Silver Capitulation is Near". Silver was $17.63 at the time and almost everybody on Wall Street and in the media had become bearish on silver. NIA said in its article, "The sentiment on gold and silver has abruptly changed to the negative like nothing we have ever seen before and to us this means the big move to the upside is right around the corner." After NIA published this article, silver prices rose on 70 out of the following 101 trading days.
On September 9th, 2010, NIA wrote an article entitled, "Is JP Morgan's Silver Manipulation Over?". The gold/silver ratio was 63 at the time and NIA said, "the biggest move downward in the gold/silver ratio could come in the months ahead." NIA was right, the gold/silver ratio reached a low today of 30.5!
Then came NIA's October 28th, 2010, article entitled, "Silver Short Position Could Cost JP Morgan Billions in Losses". In this article, NIA wrote, "NIA estimates that $50 per ounce silver would mean approximately $4 billion in losses to JP Morgan." Guess who is now losing approximately $4 billion while NIA members make a fortune?
NIA gave the world the first heads up that JP Morgan was beginning to cover their silver short position when we published our December 14th, 2010, article entitled, "JP Morgan Covering Silver Short Position".
The massive short squeeze in silver that NIA has long been predicting is clearly taking place right now! NIA estimates that JP Morgan has so far only covered about 20% of its silver short position. Silver still has a lot more upside potential left, especially for the long-term!
NIA believes the best way to get wealthy off of silver and gold this decade will be with silver and gold mining stocks. Despite silver and gold being at new all time highs, most silver and gold mining stocks are still below their 52-week highs. NIA believes the largest ever short-term rally in both silver and gold stocks could be just around the corner!
Tomorrow morning, NIA will be releasing one of our biggest silver stock suggestions of all time in an exclusive private stock suggestion report to a select few NIA members. NIA will also be suggesting two gold stocks that we believe are the most undervalued gold stocks in the world today. If you would like to receive this exclusive private report, please visit: http://inflation.us/specialgoldsilverreport.html and enter your email address.
NIA members interested in our exclusive private silver and gold stock suggestion report will be contacted this evening with all of the details on how to receive it!
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us
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