Yeah. And should silver break down under $25 down towards $22, high teens could be in the offing. Same degree of technical analysis. And I have kilos of the stuff, I’m not pooh-poohing the bulls.
As I’ve pointed out many times, those who are familiar with silver know it is a wild ride. More saliently, silver has a way of taking a long time to digest upwards moves unless it is in a frenzy and I see no great motivator for frenzy. But I acknowledge, that could be my shortcoming of vision.
Remember well: Silver only left $10 decisively behind in 2009 and traded under $10 for 1/3rd of 2008. So silver is in elevated territory. It could take a few more years to prove it can stay up here in the highish 20’s. And that happens to be my view of things.
I do NOT believe there is now nor will there be any great hurry to acquire metals at these levels. IMO one will be able to buy these metals at these prices +/- 10% for quite a while. On the other hand, if the condition that supposedly will drive these metals to their projected heights occurs, with green cash one will be able to buy things at prices you can’t imagine right now.
All just my opinion, of course. Nobody can predict the future.
I’ve heard 30 pieces can buy a lot. I’ve also heard that it’s a little on the brittle side for good casting.
With today’s word that Japan is in trouble, again, I’m not so sure what the next few months will hold.
Blast from the past.
Goldbug ping.