I'll bet you $50 that it's not $50 by 20 April 2011. You must accept before 16 April 2011, 5:00pm EDT.
My gut feeling prediction for 2011 is that silver will NOT hit $50 at all in 2011. This silver run is too much too fast and there will be a large smackdown that will take it down somewhere in the $20's. However, I think that silver will recover from this smackdown later in 2011 but not enough to hit $50. Silver will NOT hit $50 in 2011.
If you can say with absolute certainty that it will be $50.00 by next wednesday , you better be buying all you can between now and than.
Put your money where your mouth is. I'll bet you a roll of silver dimes ($5 face) it doesn't hit $50 by next Wednesday.
I bet silver is going to go up and down between now and then. I also bet no one knows where it will open at tomorrow night (World markets) or where it will close at next Friday. We can all speculate and consumate and pontificate all we want. Truth is, no one knows what's going to happen. It's like playing Connect 4, but with 100 people and trying to connect 1000. Good luck. If you had/have done some fractal technical analysis and posted your results, I would be inclined to believe you. When you have 1000's of people watching and following the "I Ching," they move their money on the ups and downs, and with the faith of the 1000's, there will be results.
Merc, we both know that the statement made is without merit, and purely " Speculative" at best. Everyone is entitled to their opinion or in this case , " Prediction" . To encourage anyone to " wager " on this nonsense is a bit antagonistic . That said, I hope he is correct, I'd love to see an $8.00 an ounce gain by wednesday. But I would be more than just slightly surprised if that happens.
Given the normal progress I highly doubt it will be $50 at any point next week. A more likely scenario is that it will drop to high $41 on Monday and then slowly work back up during the week, ending somewhere around $45 at close on Friday. Just my opinion.
You haven't needed fractals for TA since... 1997 or so. (I was introduced to it in the summer of 1994 as a science project, of sorts.)
