Silver went down before hitting 70/oz because we were told it and gold were too high. Speculators reacted.I would ask ,Too high for what? If currencies worldwide continue to dilute (which is assured), collateralizing currencies will become popular conversation. There is not nearly enough gold to even come close to a collateralization of the worlds currencies,so silver will have to step in.Industrial use of silver may have a hiccup,but I am not counting on that to last long.Too many investors think about "how it was" and "history repeating itself "but don't take into account the BRIC nations which essentially are saying ,"When America speaks ,we listen but then move on without changing a thing".Silver miners should be amongst the most sought after mining companies throughout 2012. All we need ,is for the serious currency conversation to start and we could hit 70/oz this year. It won't start in the U.S...
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