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A Peak Under The Hood will be dedicated to providing unique insights into macro topics happening around the world and how these topics may affect financial markets. We will try to provide an entertaining, but informative blog, on subjects ranging from Real Estate, Mortgage Markets, Commodities, Major Stock Indexes, Bonds, and Select Trading Ideas. Our site will contain original posts, charts and also include opinions from outside investors and reporters who furnish original thoughts. We will attempt to dig deeper than what can be found on major network financial news outlets and it is our hope that you will continue to visit the site as we provide intelligent analysis that may be counter intuitive to mainstream ideas.

Tuesday, April 26, 2011

Quick Post to Share a Thought on Silver

It seems that everyone has an opinion these days about silver. I will share mine very quickly. We have now come with in a hair of $50.36, (the all time top for silver back in Jan of 1980) after the $49.82 print yesterday.
Currently we are trading at $45.19 which is a 9.29% correction. It would seem prudent to me for silver to find a bottom between here and $40 for a final assault to take out $50.36. How much higher I do not know. After this is accomplished I would expect to see a drastic collapse. It would be great if TIME Mag had a front page article about silver over the next month to show us the top. Only if we are so lucky.


There, now you have my thoughts on the matter.
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