$50 Silver Monday?

April 24, 2011 By 4 Comments

It’s hard to believe only last Wednesday silver was trading at $39.80.
Next week’s shaping up to be even more volatile with The Bernank scheduled to give a press conference on Wednesday.
We’ve received reports from readers that silver traded > $48 today in India. What do you think folks? Will silver gap up and open over $50 on Monday after the long 3 day weekend? We’d prefer to see silver consolidate its recent gains for a while here. Should be an interesting week!


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Comments

  1. Big Machine says:
    April 24, 2011 at 1:58 AM

    Silver went up a buck a day this week…that makes 3 bucks to make up for the weekend. $51 open.

  2. Anonymous says:
    April 24, 2011 at 1:04 PM

    silver is way overbought. gonna see a big collapse this week.

  3. Anonymous says:
    April 24, 2011 at 1:09 PM

    a bull run can stay overbought longer than anyone can believe before it corrects. I think we'll see Morgue finally cover their shorts during this run.

  4. Anonymous says:
    April 24, 2011 at 8:20 PM

    I think it's possible that we hit $48.00 soon, oops already there. Never mind.

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