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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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