My wife says NO...lol. I am waiting for silver to hit 22, then the rebound to 30 commences. The sell off is coming, if only to finance Christmas and taxes. People are actually that short sighted. I seriously believe we will see $50 silver before the next President is inaugurated.
As I said, the gyrations of death, the real indications of the peak of the silver frenzy happened in the $28-29 area, so it gave me some hope that when the inevitable fallback and last-to-the-party shakeout occurred, there was good hope that silver would hold $25. So far, so good.
I will tell you, though, that silver has a long established habit of having a tough time at “round numbers”. That is why I was pleasantly surprised to see it blast thru $25 with such authority. If silver had only hit $26 and subsequenbtly lost $25, we would most likely be waiting for the dip to $20 now with a market price of $23.
I guess what I am saying is that the human mind sees the pop to “up here” which is new area for silver in recent times, and folks think the train has left the station. Maybe it has, I cannot predict the future any better than anyone else. Our minds see a ramp and think it will continue. I am plenty bullish on silver and have been for many years, but silver could hang out $23-28 and take a solid year to get to and thru $30. It did this at $10 and it did this at $15. It could even take a year proving it can hang onto $25. Is it different this time? Dunno. Yeah, yeah, I know all about $50 silver and $100 silver and yada yada. All I’m sayin’ is, this has been the pattern in the past.
Oh...and by the way, the single most positive way to induce $22 silver is to start nibbling at $25, LOL.
Try next year. Silver is so undervalued right now it's not even funny.