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<p>[QUOTE=&quot;InfleXion, post: 1358967, member: 29012&quot;]My guess is that silver will continue within it&#039;s downward stair-step trend from the high of $49 last may (currently on a bounce upward) until it steps down to the longterm trend baseline from when QE2 was initiated. It still hasn&#039;t dropped far enough to hit that trendline yet. Once it does, again just my guess, is that it will continue to get sandwiched between the longterm uptrend and the recent downtrend until it reaches a point where it must break one of the trend lines. It will either spell the end of the bull market, or the former area of resistance will become support. I expect at least one margin hike before then, but due to inflationary monetary policy (ZIRP), exponentially growing debt, and continued global instability I place a very high probability on it breaking out to new highs this year, but I don&#039;t think we&#039;ve seen the last of the 20&#039;s necessarily. I could be completely wrong too.[/QUOTE]</p><p><br /></p>

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