Black Tooth Grin said:
Anyone have any ideas on where silver tops? What is the new resistance, etc?
Jag, Heine, TTU?
Heine runs the technical analysis on silver very well, so he would be the one to give a fair and balanced read on what paper markets believe the future price will be for silver. Since they are still in charge, that's probably the more accurate speculation you will receive on any future pull-backs or blow-off top.
That being said...nothing would please me more than to see silver and gold return to their historical 20:1 GSR ratio. Gold remaining at today's price, would put silver at roughly $180 p/toz. I think silver's $50 high in 1980, adjusted for inflation, would put it around $192.00 p/toz. Will it make it there? Highly doubtful. The LBMA and COMEX would change the rules of the game if they thought they might lose control of the paper metals market. And the government would fully support them.