Silver will drop to $21.

[HelloMeteor]

I'm no chart expert.I was just looking at the simple kitco charts simplistically. It never goes up as much as it did recently without a significant correction, and low and behold, it is correcting, or has corrected. I knew it, but I was greedy/lazy and didn't sell at the peak. Next time, I won't make that mistake.

And now, looking again at http://www.kitco.com/charts/techcharts_silver.html simplistically, it seems that whenever it makes a climb like it has recently, it before too long makes it back down to the 200 day sma. I think it will do so again, around $20 or thereabouts. The price won't sit still while the sma moves up to meet it. When has that ever happened, looking at the charts? The price never sits still, not in the past 5 years, certainly not after large upswings, and yes, even with the $4 correction we've seen, we're still very much on a large upswing.

I predict we will see $21 silver before we see $29 silver.

[beauanderos]

I predict we will see $21 silver before we see $29 silver.

I'll take that bet!

[HelloMeteor]

I predict we will see $21 silver before we see $29 silver.

I'll take that bet!

Want to bet 1 silver Roosevelt? Found one in my change a while back, and it doesn't have any friends.

[billo]

I'm with Meteor, aiming for $21. (Not betting though, just aiming.)

[Market Harmony]

When you have a few years of trading experience, you know enough to get you into trouble. When you have 5 years of trading experience, then you've learned that you don't know as much as you think you do. When you've got 10 years of trading experience, then you know that even though you know that you don't know as much as you think you do, you at least know more than anyone who proclaims that they know anything at all.

[Sheikh_yer_Bu'Tay]

When you have a few years of trading experience, you know enough to get you into trouble. When you have 5 years of trading experience, then you've learned that you don't know as much as you think you do. When you've got 10 years of trading experience, then you know that even though you know that you don't know as much as you think you do, you at least know more than anyone who proclaims that they know anything at all.

Good one!

[Rodebaugh]

I would like to see it visit 15 again....but I believe at this time $30 makes more cents.

[JobIII]

I was thinking this same thing. though i thought it would drop to perhaps 23 by the end of the week at best.

[neilgin1]

i'm with you bud...rooting for you..us, just one last lil chance.

but i found, when you start "hoping" in a market, its goes the other way....25 is key support.

[Country]

I think there's strong support at the $24.50 gap up level for SILVER. Since the $27 level did not hold, I knew last week that it was going down to at least $25. I'm hoping that $25 holds.

[oober]

I think you can throw TA out the window. We have more PIIGS problems, we have China tightening growth, we have the CME raising margins 2 times in a week.

This is why Metals have dropped, this is very short term IMO.

I would also take the bull side of that bet, if your intersted.

[beauanderos]

Whaddya say, HM? Here's a chance to double your money?

[Pachucko]

I predict we will see $21 silver before we see $29 silver.

I hope so!!

[beauanderos]

The two sides are pretty clearly drawn up on this one, and I think it's clear why. Us older guys, who have been buying and hoarding silver for years, now just want to see silver fulfill it's predictions and would like to see a substantial price rise so we can retire happily. On the other side, if you are new to the game, or have been procrastinating in buying silver while the price was low, you want to see silver return to cheaper levels so you can buy more at favorable prices. Neither side is gonna jawbone prices up just by posting, but we can manage to ruffle each other's feathers.

[Pachucko]

The two sides are pretty clearly drawn up on this one, and I think it's clear why. Us older guys, who have been buying and hoarding silver for years, now just want to see silver fulfill it's predictions and would like to see a substantial price rise so we can retire happily. On the other side, if you are new to the game, or have been procrastinating in buying silver while the price was low, you want to see silver return to cheaper levels so you can buy more at favorable prices. Neither side is gonna jawbone prices up just by posting, but we can manage to ruffle each other's feathers.

I have no desire to rub anyone the wrong way. I just had a baby this year and would like to get AMAP (As Much As Possible) as cheaply as possible. I'm thinking about his future now.

Best regards.......Pachucko

[HelloMeteor]

The two sides are pretty clearly drawn up on this one, and I think it's clear why. Us older guys, who have been buying and hoarding silver for years, now just want to see silver fulfill it's predictions and would like to see a substantial price rise so we can retire happily. On the other side, if you are new to the game, or have been procrastinating in buying silver while the price was low, you want to see silver return to cheaper levels so you can buy more at favorable prices. Neither side is gonna jawbone prices up just by posting, but we can manage to ruffle each other's feathers.

Don't get me wrong. I did not mean that I was hoping that it went to $21. I was happy with it continuing from $28 up to $30 and beyond. I'm just stating what appears to be very likely.

[HelloMeteor]

I think you can throw TA out the window. We have more PIIGS problems, we have China tightening growth, we have the CME raising margins 2 times in a week.

This is why Metals have dropped, this is very short term IMO.

I would also take the bull side of that bet, if your intersted.

Sorry, I only have one Rosie to lose.

I do have a dirty 2009 maple leaf I was hoping to get rid of. If someone can offer a fair deal for that I'll take the first fair(in my mind) offer. It's not that dirty. I just left it out and it acquired some brown and I never took any caution not to get finger prints all over it.

Even if I lose the bet, I still win big.

[Country]

Looking stronger tonight: GOLD up $10.70 to $1346; SILVER up 44c to $26.09. Maybe the correction has run its course and SILVER bottomed at $25...

I've been searching EBAY for bargains. I've seen nothing lately as prices for SILVER have hardly budged during this correction.

[beauanderos]

I do have a dirty 2009 maple leaf I was hoping to get rid of. If someone can offer a fair deal for that I'll take the first fair(in my mind) offer. It's not that dirty. I just left it out and it acquired some brown and I never took any caution not to get finger prints all over it.

I'll swap you an ASE for it, my Maple Leaf collection hasn't been added to since prob 2005. PM me if you're interested.

[aristobolus]

I'm no chart expert.I was just looking at the simple kitco charts simplistically. It never goes up as much as it did recently without a significant correction, and low and behold, it is correcting, or has corrected. I knew it, but I was greedy/lazy and didn't sell at the peak. Next time, I won't make that mistake.

And now, looking again at http://www.kitco.com/charts/techcharts_silver.html simplistically, it seems that whenever it makes a climb like it has recently, it before too long makes it back down to the 200 day sma. I think it will do so again, around $20 or thereabouts. The price won't sit still while the sma moves up to meet it. When has that ever happened, looking at the charts? The price never sits still, not in the past 5 years, certainly not after large upswings, and yes, even with the $4 correction we've seen, we're still very much on a large upswing.

I predict we will see $21 silver before we see $29 silver.

$25, $24 OOPS I MEAN $26.... What comes next?

[agmoose]

I'd love to see a temp drop to $21 so I could add at a discount, but I seriously doubt we drop below $23 at anytime soon. Again - like everyone else though - that is purely speculation and opinion. I'll keep adding every week as normal. Once in a while I'll unload some 40% and use the funds to buy 90% on dips. Other than that, I'm just stacking.......

I've been in San Antonio on a business jaunt all week and haven't gotten ONE copper penny in change.....what the heck? Is the whole city hoarding copper?

[beauanderos]

It's common to see 17% copper in that Fed District

[HelloMeteor]

When you have a few years of trading experience, you know enough to get you into trouble. When you have 5 years of trading experience, then you've learned that you don't know as much as you think you do. When you've got 10 years of trading experience, then you know that even though you know that you don't know as much as you think you do, you at least know more than anyone who proclaims that they know anything at all.

I'm not claiming to know anything. I suppose in the first post I said I knew it would drop. Obviously not "know" as in like I know the sun will come up tomorrow. Think know as in if I'm playing Texas Hold'em and I am dealt AA, I "know" I'm going to win.

[billo]

It's wavering back up cuz you guys are talking the bad voodoo. Down.... Down....

[henrysmedford]

11/18/2010 7:16 AM PDST

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