once the correction is complete.
The SILVER PRICE has been so wiry and so strong that I have a hard time judging where a correction might take it. To really scare everybody off the bull, probably a decline to 1185 is necessary. But strong buyers are clustered around 1350. Silver could drop to the last high at 1328, or next support at 1250, or even 1200. I would simply buy at those points on the way down. A close over 1410 indicates, on the other hand, a breakout.
The markets are holding out to you gifts -- seize them!
STOCKS are moving sideways, failing to pierce 12,350. The rally could last well into next year's first quarter, but whether it stops sooner or later, the end will be the same: a long plunge into the bear market. Before then prices may reach 12,500, 12,700, or 13,000, but any of those prices are meaningless to the ultimate outcome.
Swap stocks now for silver & gold, while the market is offering you a great gift.
The US DOLLAR INDEX hit a low at 82.35, then decided to rally. Trust it not, neither rely thereon. It will hit 80.50 or 81 before it hits 85. The dollar is a dog, destined to drop another 25% within the next 12 - 24 months. Oh, yes, the Nice Government Men in the central banks will manage the devaluation so that nobody panics, but lower it's going. (Remember, the NGM are the same folks who brought you Waco, Vietnam, & Iraq!)
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
"Buy Silver and Gold Coins at the Best Prices"
To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $1,250.00; silver's primary is up targeting 16:1 gold/silver ratio or $78.13; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.