Big Al 1992 said:Big Al 1992 said:
We have several silver bars. When do I cash in or just hold for when the zombies show up or an EMP goes off?
Anyone?
I don't think SLV (SI) will bounce back toward those $150 targets, period. It is going to be in decline now.
GDX might recover to $104 before dropping into the upper 70's near term.
Folks believing this is not near/at a long-term top based on the past 2+ years right now I think are not studying the market conditions/history for these metals. Just my two cents. It was not long ago that SLV was bouncing around in the lower 30's, and it could get there again faster than many think. Yes, it's a manipulated market, but that doesn't make it a safe play.