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<p>[QUOTE="passantgardant, post: 1149709, member: 30033"]I just had this conversation with several people in this forum last week under $38. I told them that we were in a bullish consolidation pennant formation, about to burst through the $38 level in silver and $1440 gold on Monday or Tuesday. They told me they were selling because the "bubble" was about to pop. My near-term target is $45-$50 silver and $1550-$1600 gold before peaking in May and pulling back to the trend line (about $1500 gold, and wherever silver is at that time) over the summer. I'm not selling my bullion until the helicopters stop dropping money. My silver bullion cost basis is well under $10 since my accumulation period was 2002-2008. I bought Silver Wheaton shares at $3 in Oct '08... they're now trading for over $45. Now I mostly trade around in junior mining stocks and options, selling tops and buying bottoms, while holding my core share and bullion positions.[/QUOTE]</p><p><br /></p>
[QUOTE="passantgardant, post: 1149709, member: 30033"]I just had this conversation with several people in this forum last week under $38. I told them that we were in a bullish consolidation pennant formation, about to burst through the $38 level in silver and $1440 gold on Monday or Tuesday. They told me they were selling because the "bubble" was about to pop. My near-term target is $45-$50 silver and $1550-$1600 gold before peaking in May and pulling back to the trend line (about $1500 gold, and wherever silver is at that time) over the summer. I'm not selling my bullion until the helicopters stop dropping money. My silver bullion cost basis is well under $10 since my accumulation period was 2002-2008. I bought Silver Wheaton shares at $3 in Oct '08... they're now trading for over $45. Now I mostly trade around in junior mining stocks and options, selling tops and buying bottoms, while holding my core share and bullion positions.[/QUOTE]
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