Congratulations to all who are buying the current dip.
Just a quick note to those who are still holding out for better prices: You might be lucky and save another dollar or two over the next few days (as we retest the $26.15 triple bottom), but I recently read someone (it might have been Jim Sinclair) write very clearly about silver 'gapping up' at some point in the future.
This is something I've spoken about several times before - and I believe the writer is absolutely correct.
Early one morning (Australian time) silver will violently 'gap up' - literally going vertical in a move that will stun everyone.
This will not be the train leaving the station - it will be a silver rocket that will instantly divide the 'haves' from the 'have nots'. I hope your hold is full before then!
Remember, the Elite are buying Eagles in record volumes every month. This went on throughout last year - yet in December 2011 the price cratered to $26.15 meaning that ALL of the 2011 buyers (including the 'informed' elite) were underwater!
So why did they just buy and buy all year without too much reference to the monthly price levels? Why not just smash the price down in December and grab the lot?
I suspect the answer is because they are clearly focusing primarily on the physical metal they simply take everything that comes out of the ground and manipulate the COMEX to give themselves a sweetheart deal at the expense of miners and secondary markets.
They know WHEN the rocket is going to take off and are busy stacking the physical metal at any price before the launch.
Even though we don't know the launch date we can still be packed and ready.
SPOT: USD $29.20
(Might be a good night to jump along with "Down Down" on the old party jukebox!)
