Country wrote:IMHO, the correction in SILVER has been completed. SILVER tried to hold $27, but could not and went down to as low as $25. We have been rebounding from that correction and will continue higher until we are overbought again in this secular bull market. Since the economy added fuel to the PM fire yesterday with a gloomy unemployment report, I see SILVER well over $30 now that it has broken to the upside past the nominal high at $29.30. It would not surprise me that $30 could be reached on Monday. My guess for this short term leg up is for SILVER to reach $33+ before some profit taking ensues; that would be about a 20% rise from the $27 consolidation level.
The pattern of intermediate term higher highs and higher lows is very constructive and very bullish for SILVER. I'm looking for the Hunt Brothers $51 SILVER to be surpassed sometime by the end of the first quarter of 2011.
Told ya!!! $30.00.