We are both reading from the same book. I agree with your thinking. Not sure just how high silver will go but I do think it could reach and maybe exceed that $26 level. One other statement I just read this AM was made by Janet Yellen. She said the bric countries are refusing to trade in dollars so her thoughts concern the dollar could fail. Maybe that is what is fueling this upward trend!! Add in the silver / metals people with little resistance from the bankers and we could see a big run in the next 30 days. This sure does make an interesting market!!
Last year through April into the beginning of May they allowed SLV to rise above the 26 dollar level. I expect the same this year. No higher than 27. Then last year they smashed the price back down to the 23 dollar level. 22 in June.:
I expect the same. The metal salesmen will be pushing hard talking about "This is the time" or "The system is breaking" etc etc. This always happens when they allow the price to rise so they can profit from us. Then they will short the hell out of the market selling into the hands of longs. Then they will smash the price back down again. And we will profit from knowing that.
I will be watching and looking to short or buy ZSL around the 26 dollar level. Then SLV should get smashed back down to the 22-23 dollar level to fill physical contracts due throughout the month of May.
You can see that using this system of AGQ and ZSL really amplifies your profits. There are other leveraged silver plays to. Just look up leveraged SLV ETF's.
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