***$ILVER, FURTHER COMMENTS (05/21/2006)/(05/22/2006)***
*Between December & March, I added several units of physical $ILVER to my personal portfolio, once we broke out in March, it was quite noticable to me that $ILVER had begun to move up from my area in which I was "quietly accumulating"... so besides a few "random purchases" for various reasons, I was no longer "quietly accumulating" as the physical market had took off without me, I chose not to chase it, but instead decided that a simple smile on my face would suffice as I was thrilled to have at least gotten so interested in $ILVER while it was in the $8-$10 range on the futures chart.
*Now let it be known, this week, I will attempt to dip into the market and buy as much $ILVER as I allow myself and basically "test" the waters out again. As I said in a previous post, I do not currently have any plans to sell any $ILVER until it is above $40 the ounce!!!
*So I'll continue to ride the wave, I feel that I have a good feel of the $ILVER market, even though I'm one of the youngest participants in the whole shindig.
*Last $ILVER chart I posted with so much confidence was December 25, 2005, $ILVER had closed the Friday December 23rd session according to the chart provided by stockcharts at $8.566 (#msg-9007547).
*Again, this was a great area of accumulation and I let it known by my comments available for scrutiny or praise as I see this board as a nice syndication of my thoughts, perhaps more organized than my own brain. Of course from the inception of 2006 to the recent April or May spikes, $ILVER gained well more than 50%. Simple math tells us that a move of $9 to $15 is 66.7%, Certainly that 4 or 5 month move that took place outperformed many other assets. Now while some markets are red, $ILVER is still maintaining a level of $12, still a year-to-date gain greater than 33.3%!
*From here, as the volatility has increased, I forsee a move that may surprise even me, my initial call here of $17+ will eventually be blasted to pieces as far as I'm concerned. So to protect myself against a future FRN crisis, I've decided to dip my feet into the bullish side of the $ILVER market this week again, just like on Christmas, my symbolic posting tonight may pay off just as much, a 70% move may be coming off of $12 and that would put us well above my modest $17 current target to greater than $20 the ounce!
*If I appear blatantly, and perhaps very confidentally bullish, it's because I am, because even if I am wrong and $ILVER goes back to $10 the ounce, I will see it as arguably the greatest investment opportunity of this generation...