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To: An American!
Silver threatens to break through support, suggesting new lows to come. Interesting.
3 posted on 06/22/2012 12:52:29 PM PDT by hinckley buzzard
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To: hinckley buzzard

Yeah...I am still thinking between 20-25 is where it will level out. But I really don’t see level for a while. Lots of whip-sawing up and down. Jun 6 I think it was 29.50 and today it is 26.80. It will snap back up and come flying back down. Speculators and people trying to time it will only exacerbate things. a real driver though I think is depressed markets=depressed manufacturing =depressed demand...thus it will continue to trend down. The flip side that will cause it to yo-yo up is the people fleeing stocks and other instruments looking for ‘stability’ of precious metals.


4 posted on 06/22/2012 1:38:41 PM PDT by An American! (Proud To Be An American!)
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