Will Silver Hit $50/Oz By The End Of The Week?

Well,look at it this way,silver has a 50% chance of going up. That's equal to the odds of it going down so I will bet on it going up(but cover my butt by getting out quickly if it drops like a rock).

$50/oz. is the big (symbolic) breakthrough point.

It might take a bit longer to crack the $50 "ceiling" than everyone thought.

Interesting, because the $40+ level seems to have very strong support.

Dear Uncle Sam-

We have just received notice that you are defaulting on umpty-leven billion dollars of bonds we bought from you. As you are aware, this will totally destroy our economy.

Consider this a suicide note, since our country is as surely destroyed by your actions as if you carpet bomberd every inch of it.

Copies of this message are being sent to every known media worldwide, even as our missiles are being sent to 17 locations around the world.

We fully expect retaliation, both from those countries and the US, who in turn will be bombed for triggering this war.

It's been real, it's been fun. See you in the bomb shelter.

--Um Gwana Gichoo
President Third World Country with nuclear capability
and itchy trigger finger