i am going to say that this bearish mentality will last for months easy and it will bottom out at 8.50 an ounce.
amazing how i thought it would bottom out at 11-12 just a few months ago. my how things change. i never expected the bulls to turn to bears in a matter of a week or three almost all at once.
If it goes to single digits I would be happy. If not and it stays around 10-15 dollars I'll still be happy. I'm in this for the long run and its a small investment for me. I would have used the money for fast food and other things I really didn't need.
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and it will bottom out at 8.50 an ounce.
amazing how i thought it would bottom out at 11-12 just a few months
ago. my how things change. i never expected the bulls to turn to
bears in a matter of a week or three almost all at once.
Some analyst say the second half of the PM Bull Run for is gonna be big.
Unforntunatly, storm888's prediction is the same thing I heard this morning, at a local B&M.
What lies in the future is anyone's guess, i.e terrorist attack at an oil port, war, massive Cat5 hurricane tearing through the Gulf of Mexico, etc..
Scott
I'm in this for the long run and its a small investment for me. I would have used the money for fast food and other things I really didn't need.
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