Silver down to $22 range?
 

2012-04-23-TOS_CHARTS.jpg

I am ready for a drop in silver and many other things. The roller coaster should take a little downturn for a while. Maybe I am just dreaming.... but I get real nervous seeing metals go high. One of these times we will see the dollar replaced, but there seems to be more shaking before then.

i need to buy, so i hope so.

I'd say it is safe to prematurely accept defeat on my 2 year old call for $50 silver by May 2012.

Id like to see it in the low 20's for a while so I can sink some teeth into it and grow my stash a few ounces.

I hope it goes to a nickel.

The CME has lowered margin requirments 2 times in the last few months and it still remains in a downward trend channel, although the long term chart shows a perfect 45 degree uptrend, with the move to 50 and 26 just being just noise IMO. Same with the oil chart, 150 and 35 level is just noise which should be filtered out because it had nothing to do with the asset itself.

Like we all know, and as Jim Rogers points out, one of 2 scenarios will play out in commodities either we will see global growth where scarcity and demand will drive up prices or we will see negative growth and the government will debase currencies which will drive down fiat currencies making commodities rise when priced in those currencies. I really cannot see another scenario, which is why I am in the sector. (aside from the main reason which is Gold and Silver are money)

At 30 the disconnect is about $5.00... good luck finding it below that by much...

i just sold alot of timber today . i hope silver fall off a cliff . i will load the truck . beep beep

If the banking elite have the power to push silver down to such levels, there is no use being in it.

Power comes and power goes. All is temporary in this world.

$22 would be incredible. Other commodities would be weak as well as there's no way silver would take the big a hit alone. We'd have cheaper bacon and cheaper gasoline.

Plus, that would mean $1100 gold unless silver disconnected from gold which would be a huge incentive to trade in gold for silver. The premiums would be outrageous , who is going to sell at that low price with the fundamentals the way they are not to mention the blatant manipulation.

I was being facetious but I disagree with your statement, I don't think there is any way possible they could push it lower than the low teens, but if they did would it break your resolve of accumulating real money?

I don't have any resolve to accumulate silver. I bought all mine 6 to 8 years ago.
Potential metals investors read these forums and see you guys talking metals down and don't invest. They wait for the dip that never happens.

My point being that I wish the cartels best of luck to drive down silver, the more ounces I can buy per FRN the happier I am.

FWIW I was calling for a sharp drop when silver was in the mid 40's, the only other person I remember saying as much was Josey. Potential investors can do their own due diligence but I for one am trying to back my own fiat currency accumulation with PM's. I outlined in the post above why.