Article says silver to drop

[Corydoras]

I respect Zeal LLC, which produced this article. They always seem level-headed and thoughtful. So this is food for thought to balance against the similarly irrefutable high demand that silver has been under (e.g. shortages of American Eagles).

http://news.silverseek.com/Zealllc/1299863417.php

 

[pmbug]

I just skimmed it, but I didn't see anywhere in there where he addressed the impact of the shortage in the physical silver market or Chinese demand (turning from net exporter to net importer). Seems like some pretty significant variables that he isn't considering. Always check you assumptions.

 

[Corydoras]

Yes, he seems to be almost purely technical analysis. I don't think he's right, but he certainly gives me pause.

 

[100DollarBarrelofOil]

Not sure if silver is going to drop 30 percent in six weeks, but the notion that silver may likely suffer a massive correction soon seems about right. And honestly, who cares? I guess that sucks if you bought some recently (I did...), but the article (and common sense) imply that silver is a strong hold long term.

 

[RileyE104]

$25 per ounce would be a good discount for those looking to buy again...