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<p>[QUOTE=&quot;passantgardant, post: 1143846, member: 30033&quot;]I think you&#039;re going to be sorry to have done that come Monday.&nbsp; Gold and silver are in seriously bullish pennants right now, poised to explode past the $1440 and $38 levels imminently.&nbsp; Targets are $1550-$1600 and $46-$50, respectively.</p><p><br /></p><p>I bought lots in 2008 too, and I sell after up-swings, but buy back on the corrections.&nbsp; You don&#039;t sell at the end of a consolidation pattern.&nbsp; That&#039;s when you buy a few extra options and hold on for the ride.</p><p><br /></p><p>It&#039;s funny when people tell me that they&#039;re selling at the top and shorting now.&nbsp; They&#039;ve been telling me that since 2002.&nbsp; I can&#039;t even fathom how much money they&#039;ve lost.</p><p><br /></p><p>You will never see $15 silver again.&nbsp; Not in the dollar as currently defined.&nbsp; Silver has a much wider range than gold, but at this point, the trend indicates that the minimum value for silver now is around $25.&nbsp; By the end of the year it will be $30.&nbsp; I could certainly see it going all the way up to the mid $40s and then dropping back to the high $20s.&nbsp; That would be an awesome buying opportunity.&nbsp; End of 2012 indicates $60 minimum.&nbsp; I&#039;m not predicting a massive swing down again, but recognize the possibility.&nbsp; Gold not so much.&nbsp; If gold were to fall in the near future, it would break the trend, which I find doubtful.&nbsp; And if it did, then I would put in serious protection until a bottom is found.</p><p><br /></p><p>I think that the next upswing is virtually inevitable and likely to start on Monday.&nbsp; That will probably bring us into May at which point seasonal weakness will set in and gold may retreat to $1500 to kiss the trend line again.&nbsp; I have no idea where silver will find a bottom during the summer, but probably not all the way down to the trend line.&nbsp; Either way, my current guidance would be to buy if you still can maybe Monday morning, and then sell or put on protection in the mid $1500s for gold and mid $40s for silver, and then buy both whenever gold hits the trend line again probably in July or August.[/QUOTE]</p><p><br /></p>

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