Only 2 ways silver goes back up---
War between USSR and West over Ukraine would panic markets people would flee into silver and gold-just like the financial meltdown. That's the ONLY reason that drove the spot prices up in first place.
The other one would be if another financial meltdown occurred all over again.
Those are the only reasons that silver and gold would spike again.
Economic recovery will not spike or perk the spot prices up. It's not going to happen, there are other investments out there that people will move their money into that will make more returns other than silver and gold.
Silver and gold will only turn back up when those 2 events occur. It's still over valued and I don't care what people say...silver should be around $8-$10 spot and that's generous on the top side. Gold should be around $500-$600 spot open market. There is no way in shell that silver and golds true value were what they spiked to. It was chaos and pandemonium everyone jumped in banks, governments, kool aid rookie mom and pops...it was all out stupidity on a global level. But- I knew it was coming all along when Clinton deregulated the mortgage industry back in 99'.
Like I started saying a long long time ago this is going to be a painful long burn- the only for this to turn around and go back up are those 2 reasons I stated above. Other than that people are full of crap if they say otherwise. They don't know what they are talking about more than likely.
Maverick
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