Warning To All Silver Stackers

Silver spot is crashing down toward $13.5 area in the next few weeks. Banksters' silver short position is still massive.

Silver poised to rocket up to $20 by Decempirl.

This is my opinion on both gold and silver....

They're hunks of metal.. and based on their characteristics have been attributed as having some sort of value even though neither is USED as a commodity.. (silver is to a lesser degree I suppose)

So one part of me says that if they're just a commodity, treat them as such. You don't have to get in at the bottom price... nor do you have to sell at the top. But usually when there's an upswing in the market a trained monkey can manage to take some off the table. Right now that opportunity is not there in this asset class for said trained monkey (me). No point trying to catch a falling knife!

I'm actually hoping that gold will start to rise a bit in price and I hope that silver remains in the same choppy price point. Today the GSR was mid-high 70's.. and I'm just looking for the day that it hits 80. Until then... I'll occasionally buy silver at points when I need to scratch the itch, but I'm also not going to back up the truck.

So price can go up down or sideways for all I care.. it's the SWAP that I'm looking forward to! If you manage in your life time to make one swap and swap back when the numbers revert in the opposite favour you'll be very happy.

By the way, $13 Silver spot will be here soon.

@CopperCastle,

Today's gold futures weekly report showed that Banksters are NET LONG on gold; which is a good indicator that the last wave of smackdown might have reached an end. Whether this would be THE BOTTOM, I highly doubt; but certainly it looks like an interim bottom (next wave's bottom could be lower).