As for the bottom, I'm buying tomorrow, come hell or high water. As for the top, I will stick my neck out here and predict silver will finally reach where it should be against the USD... $65... in 2012. I personally think gold needed a correction, but there's no way silver should have corrected at all, much less as precipitously as it did, just no way.
The key in my prediction is the qualifier "against the USD". In the final analysis, what silver is worth against a dinosaur fossil is irrelevant. Whether it was measured against a cow, a bushel of wheat, a drachma or a Ruble, silver has always been silver and it could always buy all of the above.
So, I really don't have a target for silver vs the USD. I see that as largely irrelevant, other than a means to multiply the stack for free. Through trading silver since the 2008 meltdown, I've quintupled the value in USD, but only doubled the stack of silver. That may help someone see what I mean, but I also know that the bankers have Americans so under the spell of their little pieces of paper that most won't pull their root out of their dollars until after it goes the way of Confederate paper and all the rest before them (when it's too late).
Just the way I see. YMMV, etc.
Bosso
