The legend Bob Chapman

"In summation, the naked short trap in silver will soon lead to default by JPM and HSBC. The investors will lose and the federal government will cover their losses because it is really the government’s position, not Morgan’s and HSBC’s. Some see a default at under $50; we see it at $55 to $60. The level is not important – the gains are important and the fact we are again about to find out how corrupt our government, Wall Street and banking really are. The next crisis could be the naked shorts put on by the government in gold and silver shares. Once the breakout occurs government losses will be in the billions and gains for the long-suffering investors will finally materialize. Those who have listened to us have already won and will continue to as this tragedy plays itself out. We are still at the beginning of phase 2 of several upward phases of the gold and silver markets. It is still far from late to jump on our moving train to protect your assets. If you do not you will be very unhappy."

- Bob Chapman
http://theinternationalforecaster.com/