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<p>[QUOTE="TopcatCoin, post: 1174194, member: 22746"]I saw a guy on CNBC talking about silver earlier in the week (Monday I think). I cannot remember his name but he seemed to know a lot and was not overly biased in any direction. He noted that the increased margins and subsequent sell-off by large institutions last weekend led to this "correction," but he also presented a strong case that these margins may be relaxed later in the year and that some bargain hunters will buy in at the floor as well. He predicted that this correction will bring silver to between $30-35/ounce, but that silver will reach $60/ounce before year end. He noted some of the fundamentals still in place that will lead to this rebound. Again, this is only one person's opinion (and not mine) but if silver plateaus between $30-35/ounce over the next week or so, I may start thinking that this guy knew what he was talking about. TC[/QUOTE]</p><p><br /></p>
[QUOTE="TopcatCoin, post: 1174194, member: 22746"]I saw a guy on CNBC talking about silver earlier in the week (Monday I think). I cannot remember his name but he seemed to know a lot and was not overly biased in any direction. He noted that the increased margins and subsequent sell-off by large institutions last weekend led to this "correction," but he also presented a strong case that these margins may be relaxed later in the year and that some bargain hunters will buy in at the floor as well. He predicted that this correction will bring silver to between $30-35/ounce, but that silver will reach $60/ounce before year end. He noted some of the fundamentals still in place that will lead to this rebound. Again, this is only one person's opinion (and not mine) but if silver plateaus between $30-35/ounce over the next week or so, I may start thinking that this guy knew what he was talking about. TC[/QUOTE]
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