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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (223677)	12/29/2012 11:30:20 AM
From: SwampDogg	2 Recommendations Read Replies (1) \| Respond to of 312311

It seems very probable that the high in mid 2011 was not "the" top in silver. If this is the case then $70-$120 seems like a reasonable target. This seems very likely in the next few years. Only question for me really becomes would that be "the" top. His count says no and I would tend to agree. Saw a pretty well known gold trader musing yesterday about how gold is going to have a big correction in early 2013. It is possible but the current technical picture may point to just more consolidation until we break towards $3000.. There is a very sharp correction coming but it may not happen for a few more years when everybody is in. Top in in the next few years would be the Primary 3 as Russo suggests and then gold would see a correction of something in the 40%-50% range back to current levels. After that comes the $10k+ for gold and maybe silver above $200 First things first is that this is a major buy and in the metals only an intermediate degree correction