Replies to post #23663 on Fiends In Stocks

[DeepBlue1]

Pick a support line. Any line. Then watch it break. Every penny down is another $10million in some big wig's pocket.

Down and down and down she goes. Where it stops only bigwig knows. $11, $10, $8, $6? $5 maybe? Or $4?

On the other hand, bread and oil will cost you less! Right? LOL

[DeepBlue1]

One possible support factor may yet hold the key. Crude is now at $102.++ and falling.

Watch for a bounce off the $100 dollar level and a corresponding reversal in the USD.

If this happens I think silver will get a bounce. How much and for how long? Not much and not for long would be my guess...if any at all. But I think I'd wait until I see what happens then before committing to sell out of silver altogether(if I hadn't done it already, which I did).

OPEC is meeting in the next day or two also. Figuring out what decision/effect that will have is "above my paygrade" as they say. LOL