This looks like the most probable medium term scenario to me:

Gold trading a 15 (hundred) handle! Silver trading just a tiny but above a 26 handle! I recall a conversation I had with a student when silver was pushing around that 50 mark, and then it came off, and I said I was really, really hoping silver would hit this area I have in the lower to almost mid-20's. He seemed skeptical silver would ever get that low. Now we are just about at a 26 handle. This market is insane! Copper getting close to a 2 handle. I have an area in here in the very low 3's, and then another right around the mid-2's. All of this is hinting at deflation. If so, the stock market should go down. In a rational world, at least. But, maybe they start buying all this stuff again like crazy on another FED scheme, to be announced any day now...

And there's the 26 handle on silver!

At this rate silver might see a 25 handle tonight...

Holy cow! Silver a fraction away from that 25 handle already. Wow.

And for those stackers out there looking to lock in a price, Gainseville Coin (a very popular place, not a recommendation) is down until tomorrow morning. Imagine that. What 'timing'.

Okay, that 25 handle threat has brought in some serious buying. Bounce and roll, or was that it? The lowest price we'll ever see silver at in our lifetimes? Ah, the questions we have...

It may be time for a rest for those still long on Silver:



What a ride!!!

... although in a long run these are still Two Towers:

Silver up over 12% off that low!!! Gold bouncing well over 60! And the ES, down about 30 off the session high, then up about 20 off the low. Amazing. Simply amazing.

Yes, it was boring. Monday up