Actually, there are a few things in the air that will be driving the price.
1.) In my opinion, the recent move by the CTC and the limits on futures has added
some confidence back into the silver market. Many felt it was all too obvious that
it was being manipulated by the cartel.
2.) Late last month a lot of commercials covered a large portion of their short positions.
This is often taken as a sign that the commercials think a bottom has been reached.
3.) Some are thinking a European default will move a large portion of investors back towards
Treasuries, gold, and silver.
4.) Sources are now saying there is going to be a squeeze on silver and that the prices will
really start to move this month. Some are saying the upper $40s by the end of the month with
$60 to $70 by the end of the year. If so, the commercials have covered and are ready for the ride.
Finally, the fact that the price has increased and is continuing to show strength just tends to
add to these other four points whether they are actually valid or just perceived.
As for me, I was able to pick up 48 Liberty Half Dollars and 13 Kennedys (40%) for $500 today.
There are around 36 Kennedys (40%) I am hoping to pick up around $3 a piece.
Normally, I sell if the market is up after a buy like this but this time I think I am actually going
to hold and add through the end of the month.
A storm is brewing and I hope to hoist my sales for the furthest distance.
Kenscott