Wow wow wow

Silver is currently $21.73, Gold at $1360.30.  But I'd like to focus on Silver in particular.

Gold, time to "sell" according to mainstream sources

Silver, time to "sell" according to mainstream sources

I've never read so much negative sentiment, and angry comments right about all the experts who were "wrong".  Sure they're wrong right now, and sure you've lost money if you bought in the last 2 plus years, but that's not the point.  The point is, this paper era is over.  It doesn't matter how much paper in $ terms you hold, what matters is ounces held.

I don't know who reads this blog, and frankly, it doesn't matter.  The bull market in both metals has never been stronger.  Fundamentally at least.  The charts, let's take that with a grain of salt.  They've been manipulated so many times it's a joke.  Sooner than later, it will be manipulated to the upside.

I've bought 24/25 Call and 30/35 Call Silver Dec Spreads for this December's contract and 35/40 Call for Silver 2014 Dec Spreads.

Let's make a wild guess at how Silver will end up this year.  I'm guessing, at this point in time, Silver will end up around $25 at Dec 2013.

However, longer term, I expect a rise to $34-35, a fall to $27, and then a stupendous rise to the over $40 level again.  This is me "painting" a reverse head and shoulders based on the current graph for what it may look like in the future.  It could take 2 years to play out, or less, but either way, Silver will resume its march uptrend.

Oh, this is how a bull market "dies"?  Yeah right :)

Frankly I can't wait till pay day and go exchange my worthless paper for Silver.  Silver is now the same price as it was even before QE2!  Astonishing.