Hi all,
The silver price is hovering around the US$30 mark and it looks like there's a battle raging between good and evil at this level. There's no doubt that silver (and gold) has had a steller run of late, but if you take any notice of some of the commodity experts there could still be a ways to go before we see a short term top.
For instance, Clive Maund has just posted his analysis and short term price projection for silver and you can read it at: http://www.clivemaund.com/article.php?art_id=67 . Please do your own due diligence before taking any positions.
How much higher the PM's can go before we see a correction or consolidation is anyone's guess, but when it does happen it could very well be a gift from heaven and a great opportunity to increase your silver stack, because IMO in the long term it's going much, much higher
Just be aware that Tuesdays in the US seems to be the favourite day for the "evil" guys to take down silver (and gold) due to the COT reporting structure (they can hide their tracks for a few days), so there may be a correction from current prices tonight. But then again, in this market it wouldn't surprise me if they weren't able to do this given the buying support shown at lower price levels.
Either way you look at it, exciting times lay ahead
The silver price is hovering around the US$30 mark and it looks like there's a battle raging between good and evil at this level. There's no doubt that silver (and gold) has had a steller run of late, but if you take any notice of some of the commodity experts there could still be a ways to go before we see a short term top.
For instance, Clive Maund has just posted his analysis and short term price projection for silver and you can read it at: http://www.clivemaund.com/article.php?art_id=67 . Please do your own due diligence before taking any positions.
How much higher the PM's can go before we see a correction or consolidation is anyone's guess, but when it does happen it could very well be a gift from heaven and a great opportunity to increase your silver stack, because IMO in the long term it's going much, much higher
Just be aware that Tuesdays in the US seems to be the favourite day for the "evil" guys to take down silver (and gold) due to the COT reporting structure (they can hide their tracks for a few days), so there may be a correction from current prices tonight. But then again, in this market it wouldn't surprise me if they weren't able to do this given the buying support shown at lower price levels.
Either way you look at it, exciting times lay ahead
