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Re: US mint suspends production of silver eagles-again

Home Forums DISCUSS Current News & Events US mint suspends production of silver eagles-again Re: US mint suspends production of silver eagles-again

  • Mon, Jan 03, 2011 - 04:01am

    #12
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: US mint suspends production of silver eagles-again

 

If you are doing speculative trading on silver, I would not expect to stay in positions for the next two to three months and not expect a pullback. 

I think Jon’s charts reinforce what I have been seeing since August. Every time there is the slightest pullback, demand picks up and prices recover in a matter of days/weeks especially for silver. With the next target being $32 for silver, I would not be surprised to see another high form and then a pullback. IMHO the next pullback might be > 5% based on the rapid rise.

Joe