***Precious Metals Investors Club***

[DD_xprt]

you ask a very interesting question....re: "Any reliable way to predict price moves for silver?"

if you are a "pure" chartist, a person who swears by the technicals of any stock, commodity or ETF chart, you could with a certain percentage "guess rate" estimate the price move of silver. Here's a current link to a professional chartest who uses technical analysis to predict and forecast the silver price:

http://www.bloomberg.com/news/2010-11-12/silver-may-drop-to-25-this-month-on-cup-and-handle-technical-analysis.html

we'll see in a couple of days or week how good their guess or prediction was.

but i must caution you with regards to silver prices.

we are in extraordinary times. imo, while charts may be good to estimate short range moves, and they may be accurate when used to see what has occurred in the past, it's the future and long run you must be concerned with. imo, silver is undervaled when compared to gold, and i think silver will break away from the gold/silver ratio we currently see, around 60 to 1. I see at least a 45 to 1 ratio in the next several months. plus, when has our financial system been in such disarray or turmoil in the past other than the "great depression?"

that being said, if you're actively buying physical silver (as you state in your post) there is no guaranteed way to know where the bottom/top is or how long the "correction" will last. you simply have to "average" your buys and buy lesser amounts more often. like every day or weekly. you can't be concerned (or obsessed) about getting the "best" or "lowest" price.

silver basically took 18 years to go from around $4 an ounce to where we are today, and most of the move has been in the last year.

if you're just a trader in silver and look for short range profit with swings, i say to you, "good luck."

think of it like this: imagine those buyers of silver who bought at $4-5 an ounce...look at their profits now(even though it took 18 years!). you have the same opportunity...buy silver at $25-30 now and watch it go to $125-130 more rapidily in the next few years because we are in extraordinary times.

same difference, it just takes more "worthless" cash now and the patience of a cat!

jmho