 Pick The Dow
Just a bit over 2 years ago. Posted by yours truly May 2004.
"Silver looks very good in here in my opinion.
The 5.59 level was the breakout level before silver romped to 8.50, then back to the breakout level.
Pullbacks to breakouts are common.
The fundamentals of silver are too strong and the lack of fiscal responsibility of
the US is too great. I see silver moving to over 10 within a year or two with an eventual move to 25 or more."
And the gold silver ratio contracting again is a good sign of an overall metals bull continuing. Up 3% today. The intermediate breakout I had around 11.88. Pushed though that level, backed off to about that level and now off and apparently running again. I stand by 20-25 dollars within 2 more years.
The big wide card is the Leo Wanta story which I don't know how to interpret.
Just my opinion. I believe in the "shot until miss" philosophy so you guys should tolerate my rare posts until then! |