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anyone else think that this will be a big downward week...
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<p>[QUOTE="InfleXion, post: 1473576, member: 29012"]I am still confident $50 will happen, only difference being it might need to wait unil 2013. I had thought 2012 to start the year off, but things are taking longer which isn't that surprising. Once $50 is broken there is no more upside resistance until the $75 fib level. More QE will be required at some point. If that were not the case then they wouldn't have done it in the first place. It is the lifeline, and it's just a matter of time. As in the past, big moves up are preceded by big moves down. That's how silver rolls, and we could see more downside here potentially. The price is set by paper contracts and can even go to zero, but the metal never can.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1473576, member: 29012"]I am still confident $50 will happen, only difference being it might need to wait unil 2013. I had thought 2012 to start the year off, but things are taking longer which isn't that surprising. Once $50 is broken there is no more upside resistance until the $75 fib level. More QE will be required at some point. If that were not the case then they wouldn't have done it in the first place. It is the lifeline, and it's just a matter of time. As in the past, big moves up are preceded by big moves down. That's how silver rolls, and we could see more downside here potentially. The price is set by paper contracts and can even go to zero, but the metal never can.[/QUOTE]
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anyone else think that this will be a big downward week...
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