McEwen Mining Inc (MUX)

[JD400]

Today’s silver action is way oversold,” said “Precious Metals Investing for Dummies” author Paul Mladjenovic.

The drop is reminiscent of silver’s action in late 2008, when silver prices hit $8.85 then, about 24 months later, in December 2010 hit $30 to tally a gain of 240%, he said. “I expect to see silver do a similar rebound and stick to my forecast of a high of $60-$75 during 2012.”