I'm not a big silver bug as most of you know. I see it as just another market to trade. Looking around at the devastation lately, I ask myself, should I be a buyer here? We're approaching support, which I read as somewhere in the 27-29 range - basically the point where the parabolic move kicked off. If we get a wash-out on Monday that takes us there, I just might step in. My upside target would be 40 - I don't expect new highs for a long time - more likely a trading range will set in until we return to trend. That trend targets 22-25, depending how long it takes. A that point I'll be calling Ryder to rent their biggest truck.

Speaking of trucks, SVM - down only 1.5 % today with SLV off almost 14%? Might be time to back up that 30 ton dump truck if you've got some cash to spare.

ebear