An interesting chart appears on the bottom....it is eerily similar to 2008....I see 45$ before a higher dip, and continued similar moves up into spring of 2012, as we bounced out of 2008....if not more aggressively. I've also heard $70....but you make your own calls. We're not out of the woods yet, and could see $24-25....

There are various silver scenarios out there, but I hear of only one, armstrongs latest, calling for $20 as support (DOES NOT MEAN IT WILL TOUCH IT), but solid support. I'm getting more confident by the day. The only wrench could be a global equity collapse and I have heard of no one state what the bottom could look like if that happened. It's possible that the collapse could be delayed till we hit 45$ and then wham another 30% to convert all the shorts to longs.... using the equity collapse as cover.

http://www.321gold.com/editorials/sfs/hubbartt101411.html

I don't usually read hubbart, so know not of his calibre of analyses, but looks interesting.