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<p>[QUOTE=&quot;krispy, post: 1071577, member: 19065&quot;]<b><span style="color: darkred"><i>Currently in UK/EU markets.</i></span></b></p><p><b><span style="color: darkred"><i><br /></i></span></b></p><p><b>Gold </b>$1374.90/oz.<b></b></p><p><b><span style="color: blue">Silver </span></b><span style="color: blue">$29.20/oz.</span></p><p><br /></p><p><b><span style="color: darkred"><i><span style="color: red">US market opening in under 5 minutes...</span></i></span></b></p><p><br /></p><p><br /></p><p><i>Just thinking aloud since my crystal ball is still in the shop...</i></p><p><i><br /></i></p><p>While PMs have been taking a little break in these first few days of 2011, something that concerns me about physical silver is the perceived confidence trending toward $50/oz.&nbsp; </p><p><br /></p><p>It appears that many people bias toward silver continually moving toward that level from where we are now. There seems to be a lot of support (confidence) amongst the public that that level is attainable. I don&#039;t doubt at all that we can see silver strong at $50/oz. some time in the next +1 year or so, but I wonder will memories or associations to the 1979/80 run up be the point where the small independent people start dumping <i>en mass</i> because that is where they draw the line, where their confidence runs out, and judge silver, &#039;as good as it gets&#039;? </p><p><br /></p><p>I am curious of what will happen approaching $50 and if/when silver holds in that territory for a while what volatility will be like. Will there be deals? Greedy sellers firm and determined to achieve that $50/oz. figure for peace of mind? How will the landscape look if there is more supply than buying demand and if $50/oz. (or anything shy of that) may actually be a bargain or time to hold rather than sell?</p><p><br /></p><p>With December jobs reports looking positive this morning, we may see metals continuing on the soft side again this week.[/QUOTE]</p><p><br /></p>

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