i checked into silver today...it's gonna go up in '08...but i hear it goes up, then down -- a little at a time. my bat-computer, says silver has never been up seven days in a row, without going back down (or something like that), so it says unless you are a "shorter"...it can drop to $15.36, before it goes much higher than today's $16.30 high.
ONLY THING I BROUGHT THE BAT-COMPUTER'S ATTENTION...with people expecting the rate cut -- and people scared of inflation --- and the move to gold and silver, more than ever in '08-- silver may extend the "up" trend longer than usual -- before it drops down. Bat-computer says the charts don't lie, and silver WILL be going back down to 15.36.
But the thing about computers, they don't factor in "emotions". We're seeing things we have never seen before, so why not a little bit longer of a long streak?
BUT, all of that stuff is for traders. as an investor, you can't go wrong holding on to silver. if it catches up to it's highs, like gold and platinum has, that's a big up!
WILDCARD: Silver is 67% below it's all time high in the '80's. So if it catches up to it's all time highs, like gold and platinum, that's a big-big up!
strategyupdate.com
Disclosure: AUY (gold mining, since the word "gold" was in the headline.)
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