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<p>[QUOTE=&quot;NOS, post: 1354482, member: 2098&quot;]I stated here in this thread that silver is in a bubble and is waiting to pop: <a href="http://www.cointalk.com/t194114-2/#post1291430" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t194114-2/#post1291430">http://www.cointalk.com/t194114-2/#post1291430</a> I remember back in the summer of 2008 when fuel went up to a nationwide average of over $4 a gallon. Everyone said gas would never be &quot;cheap&quot; again. Well, in January of 2009, I bought fuel for as low as $1.54 a gallon in Utah. The major economies of the world (especially the U.S.) revolve around cycles and bubbles as can be seen with employment, oil and real estate, etc. It can be concluded that precious metals also go through these same kinds of cycles. It is just a matter of time now before the same thing happens with silver as happened with oil (from $147 to $35 a barrel, for example) and I predict in the coming months it will go as low as $6 an ounce.[/QUOTE]</p><p><br /></p>

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