Word is to watch for it to break $12.50 If it does, the shorts (there are a lot out there) will have to cover their positions, and it will head to 15-16.
The commodities in general sure have all the earmarks of a speculation binge. Lots of money looking for a place to go - the dot.com, real estate, and now commodities. As a dedicated contrarian, where is one to go now?
Agree. 15 by the end of May at the latest is my solid guess.