Monday, April 25, 2011

Silver ABOVE 49

I'm not getting tired of saying WOW! This move from 38 to 50 has been spectacular. The AGQ have been bid up to 377 this morning, they were 200 a month ago. WOW. Unfortunately I only have a quarter position left. OK so now what? Conventional wisdom would dictate a big pullback to come as the late comers usually get blasted. I'm still hoping for 40-43 between May and End of August before we take off to 80. When i told people 50 by mid year they laughed at me. 

I have no position in gold it has clearly underperformed Silver but here we are at 5000 year highs. Really!!

WOW! need i say more. no need to thank me or tell me I was right. I know :) This will be at $1000/shr by year end. 

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