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<p>[QUOTE=&quot;RaceBannon, post: 1169363, member: 25357&quot;]Wingedlib, I commend you on a well thought out, well articulated post. You&#039;ve covered the pros and cons from several different angles. I tend to side with those who believe that we are in a bull market, but that the new floor will be much higher than the sub $20 level, where it resided for the last 30 years.</p><p>&nbsp;</p><p>Don&#039;t know how high it will climb, but I don&#039;t think we&#039;ve seen the top yet, even for this year. Plus I believe that many macro-economic factors are contributing to PM&#039;s, and in particular silver&#039;s rise. People are losing confidence in the dollar, as our government and the Fed continue QE2, near zero interest rates, and other inflationary monetary policies. You&#039;ve got a growing middle class in China and India, who already value precious metals, and they will put more of their disposable income and savings into PMs. And finally, I believe that the herd of American investors has finally caught some silver fever, lending to the psychological factors which are really the drivers behind speculative bull markets like the one we are witnessing today in silver. </p><p>The shrewd investor can make a killing in this environment. I&#039;m more of a collector and buy and hold kind of guy, but it sure is fun to watch!</p><p>&nbsp;</p><p>All that being said, I think we&#039;re due for a near term correction, maybe down to $35-40, followed by the real boom, in which we may see $75 or more, then another correction with the new floor being around the $50 level. I base this on pure guess work and rectally extracted speculation.[/QUOTE]</p><p><br /></p>

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