Merril Lynch came out today with a $50 once prediciton for silver in 2011. Any thoughts?
I'm not saying SLW doesn't have a future; it's the best thing on the market..just trend is not her friend today and maybe not tomorrow either..a lot of factors to consider before I buy back in..bottom line..I like selling for a profit not a loss,..
Ooops should have said CFO, = Can't Find another Office position cause I burnt the bridge on the last one.
The good news: At least our CEO didn't walk out the door=NFLX
My play earlier was I bought I boatload of Dec 42 calls at .22Sold 'em all just now for between .38 and .40And I mean a boat load. But holding all of long position.That was my trade of the day.
PS: I had to make up for the calls I bought yesterday, and did +++BTW, you also should remember, Dec 10th is when the Chinese open up their Gold ETF!!!
Report availabole to the public today, came out Dec. 6th.It is huge.
I agree...I wonder why no one is talking about it? Shorts are tight lipped on good news I guess.Their three key themes for 2011:#1 A continuation of the Secular Bull Market for commodities (Calls for $50/oz Silver)#2 Growth over Value#3 A continued search for yield within a scarce yield environment.Silver 2011 : We expect silver or poor man's gold to remain strong. First resistance is $31-$32Second resistance is $37.41Longer term we expect silver to test its alltime high of $50/ozRead the entire report for 2011 by Merrill Lynch