Review from (6/15/06)
"Monday I set the stage for Silver's support points and it went right through the first to the second support point on Wednesday at about 950, Actually, a low of 945 which only one trade was at. Everyone is playing the 50% retracement. The action is up to sideways for a little while but with the interrest rates rising and the fear of a recession the metals will be under pressure for awhile until the fall. Then the inflationary fires will kick in again."

If you had bought silver at 950 it is trading around the 1300 price now, you would have made in commodities on a $2200 contract $12,500.
That is only 560% return in a 6 month period.

What happened is on 6/15/06 the silver market had bottomed. Prices have been sideways and made a secondary low in Sept to Oct. We are still trading sideways but the inflationary fears are in a turmoil. The economy they say is slowing but they keep printing more money. Therefore the potential for higher silver prices is still fundamentally there along with the supply side being short.

The first wave of the major bull of commodities has been played out and the correction phase is in place now we need to wait for the second wave of the bull cycle to happen which can happen at any time now.
Buy silver stocks on any weakness in the stocks. Buy physical silver for the long term.
This has the potential to be the biggest bull market for the next 3 years.

Happy New Year.