Silver To Eclipse $100 On Skyrocketing Chinese Demand

"With gold and silver rebounding today, acclaimed money manager Stephen Leeb told King World News that silver is now setting up to eclipse $100. “Silver under $30 is a joke,” Leeb said. Leeb believes that China, which has been the primary driver in the gold market, is now going to push silver over $100 as their consumption of silver is poised to skyrocket. Here is what Leeb had to say in this powerful, exclusive interview: “Yesterday headlines were saying there is massive demand for photovoltaics in Japan and China. There is also massive demand for silver in the Middle-East for this type of energy infrastructure.”

 

Stephen Leeb continues:

“King World News was way ahead of the curve on this because I have been discussing photovoltaics here for quite some time and this is just now starting to hit the mainstream media a little bit. But another circumstance that is of great concern in the Middle-East is the water tables have really crashed. They can’t effectively drill for water anymore.

So in the Middle-East they are going to have to go for desalinization of the ocean and guess what that takes? That takes a lot of silver for photovoltaics energy infrastructure...."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/12_Silver_To_Eclipse_$100_On_Skyrocketing_Chinese_Demand.html