Rumours of a Short Squeeze and Cornering of Siliver Market

LMAO!! We were hopelessly "off topic", anyway.

Silver's up another $1.20 this morning...it's just a matter of time! Btw, last year I predicted that August 2010 would be the beginning of fiscal soundness, a rise in interest rates, and a silver top @ $18/Oz. :foot-mouth:

It was exactly that time when silver began its parabolic rise! Except for a little "Dipsy Doodle" in January, the silver market has just gone NUTS!! Maybe I should make a prediction, then do the exact opposite!!

Here's how we can get Back on Topic...

Since I base my predictions on fundamentals, the only possible explaination for what's going on is a <Short Squeeze and a Cornering of the Market> :thumb:

 

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Silver is approaching largely uncharted territory at this point. It will be interesting to watch what happens to silver (and Gold) in the next few weeks. With the recent highly publicized warning from the S & P about U.S. debt, there seems to be a bit more concern in the public at large about the value of their fiat currency.

I don't think we'll see a "Hunt Bros. re-dux" where a few speculators attempt to corner the market. But I expect to see more volatility as some large positions are traded.

Overall, I believe the direction is still up, but with more choppiness.

 

Pretty much what I was thinking. There has been an unseemly lack of coverage of silver's recent run in the mainstream. There is plenty of other important news going on for sure, but this is flying under the radar more than I would have expected.

 

I think silver has attracted the attention of the public-- just not the media. While I was visiting my friendly local coin dealer not too long ago, there were quite a few people coming in to buy silver. Almost no one asked about gold-- it was out of their range.