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  #1  
Old 05-06-2011, 07:13 AM
lolotro lolotro is offline
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Default We just hit $33.XX

And it bounced back again. Interesting to see how it goes from here.
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Old 05-06-2011, 07:13 AM
lolotro lolotro is offline
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Well, that bounce didn't last long did it? Back down to $33.XX again.

This is relentless, people are estimating high twenties but I can see it going even further unless something drastically changes... but what could spur on that change?
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Old 05-06-2011, 07:16 AM
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Originally Posted by lolotro View Post
Well, that bounce didn't last long did it? Back down to $33.XX again.

This is relentless, people are estimating high twenties but I can see it going even further unless something drastically changes... but what could spur on that change?

How about more cruise missiles sent at Gadafy? Lot's of silver in one of those babies
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Old 05-06-2011, 07:17 AM
Big Al Big Al is offline
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High 20's was my initial guess... but now I'm wondering if I was being a bit too optimistic.
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  #5  
Old 05-06-2011, 07:18 AM
taking stock taking stock is offline
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it will turn around eventually, but the hard part will be calling the bottom. a commodities analyst on bloomberg just staked his opinion as 25 - 30 as fair value, suggesting he would expect an overshoot to low 20s!!.

when this is all over, it'll be a tremendous buying opportunity. imagine low 20s in a few weeks time - it wouldn't be unthinkable that for the following six months it powers back up to high 40s.

and the CME margin hikes should keep a bit of the volatility out of the market too.
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  #6  
Old 05-06-2011, 07:19 AM
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Feral child Feral child is offline
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And it bounced back again. Interesting to see how it goes from here.
Down. That's VERY interesting to me
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  #7  
Old 05-06-2011, 07:24 AM
lolotro lolotro is offline
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It's soaring downwards now, crazy stuff. Half way to $32...

I predicted it'd close today at $32, I think that's actually optimistic right now!
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Old 05-06-2011, 07:29 AM
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Thx1138 Thx1138 is offline
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Oh, I have been waiting for this for more than a year.

I hope she sits in the trough for a few days at least.

I just don't want to wake up one morning here soon and find that silver is back up headed to da' moon.

I really don't see why there is so much turmoil over this.

Didn't anyone tell them that silver is volatile?

WE WANT THIS!

Get it?

If someone doesn't have the stomach for it maybe they should switch to gold.

Thx
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Old 05-06-2011, 07:38 AM
silver_schlub silver_schlub is offline
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Quote:
Originally Posted by taking stock View Post
it will turn around eventually, but the hard part will be calling the bottom. a commodities analyst on bloomberg just staked his opinion as 25 - 30 as fair value, suggesting he would expect an overshoot to low 20s!!.

.
If we hit the low 20's, I will be officially bullish.
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Old 05-06-2011, 07:43 AM
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Didn't anyone tell them that silver is volatile?
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