Silver

I look at the graph of Silver now and it doesn't look pretty.  It's close to the December lows, and looks like it's going to head that way.  If that breaks, there's strong support at 22.86, bringing us back all the way to October 2010.  I strongly doubt that would happen though, unless severe deflation breaks loose.  If that's the case, be prepared to see the biggest QE ever.  My buying area would be around the $20-$28 level.  It's a large range, so it's probably best to scale in.  Goes the same with options.  I'm targeting Dec 2012 and March 2013 strikes $40 strikes, further out if need be.  I have a gut feeling when Silver moves again, instead of seeing the downward smashes that took place in May and Sept last year, we're going to see large rallies, and I mean like 10% movements in a day.