Silver had a huge breakout today, it breezed past a lot of resistance, and for me most importantly, flew past the 200 day moving average.
If I did not own an ounce of silver, I would be buying like crazy right now, at $35.41 and would probably keep doing so all the way up to at least $50.
If I felt comfortable with the position I had built up from the September smack-down onwards, I would be a bit more tempered in my response and wait and see and only get in when the price touches the 200 day moving average or better yet, the long term support trend-line I've mentioned in many of my previous posts.
Is this the start of the big run up to $50, then $60, than $100, then $300? I don't know. I hope so. My gut is telling me we're either out of the woods of this pull back or darn close to it. I hope any of you reading this have the stomach to ride this one out :)
My gut is still telling me a Greek default or American war against Iran could cause the price to pull back. I don't know though. Good luck, silva stacka's!
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