Replies to post #16938 on FinancialAdvisor's College Class (FACC)

[frenchee]

Your analysis is sound FA. I'm loading up on CDE at current levels because I believe you are right and silver/CDE is at sales prices.

Thanks for taking the time to explain your position.

[roguedolphin]

July silver futures trading right now at $11.96.....down .38 cents. Gold off $13.50. I think they might try to panic liquidate this market going forward.

We "could" see a full fibonacci .618 retrace of the entire past years bull move which would bring us to $9.91 or so per ounce.

Maybe Buffet would like to re-establish his silver postion again at lower prices??? He supposedly sold out recently.

I'm bullish long-term but the bears are in control now I believe.......


http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=0&dy=0&id=p53871196168

Granted .....I could always be wrong.