This is for those who never had the time to go to the blog of Louise Yamada over at KingWorldNews:

With gold near all-time highs and silver at multi-decade highs, King World News interviewed Louise Yamada, well known for her astounding work on Wall Street. Louise had some extraordinary targets on silver and oil, and when asked gold she stated, “Gold looks fine as it is moving to a new high. Gold is probably on its way to $1,500 and then $2,000. Silver is outperforming right now, but they take turns so that is normal. Gold remains in a structural bull market that was initiated in 2002.”

When asked about silver Louise remarked, “Silver has 60% industrial usage, but because there are still the monetary concerns out there, silver represents a less expensive alternative to owning gold.

I think that silver has lifted out of a 30 year base and the whole concept of the longer the consolidation, the greater potential upside. Silver is clearly in a structural bull market.

The point and figure calculations off of this base are $40, $45, $60, $75 and $80 over months to years.” The higher end of those number would put silver well into all-time high territory in nominal terms. She commented, “These are short and intermediate and longer-term targets over a period of years.”

Louise wasn’t done surprising KWN as she went on to make these aggressive projections regarding the crude oil market, “Oil came out of a two year consolidation when it went through $92 and we had a target of $100 which it has reached. We have further targets at $115, $125 and $140 intermediate to longer-term. Of course given the international upheaval all bets are off on the timing.” We took that to mean those targets could be achieved very rapidly should there be further destabilization in key areas of the Middle-East.

Louise has been around this business for a long time and has made some extraordinary calls. Her targets on silver were of particular interest because $80 silver would not only put enormous pressure on the shorts in that market, but it would add fuel to the already long list of plaintiffs which have filed suit claiming there has been manipulation in the silver market.

As Managing Director and Head of Technical Research for Smith Barney, Louise Yamada was a perennial leader in the Institutional Investor poll, and was the top-ranked market technician in 2001, 2002, 2003 and 2004, before going independent.