Tuesday, April 26, 2011

Enjoying the ride?


The silver roller coaster has definitely taken us a on a exiting ride over the Easter break. From around $45 leading into Easter to climb to almost $50 in exclusively Asian market trading and then over the top and plunging back to where we started when Western markets opened today. I hope all my readers held on tight and were not thrown from the car. $5 up and down moves have not been seen since Jan 1980. When this bull market in Silver started in early 2001 most 24 hrs periods saw less than a 10c move and the ounce price was only $4. We have come a long way in 10 years, and yet we have so far to go. Expect more days like this as the market moves forward, increasingly they will become so common that they will be the "new normal" just as a 10c move was in 2001.

"Fasten your seat belts. It's going to be a bumpy night"


~ Margo Channing (Bette Davis)

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