SILVER THREAD AMONG THE GOLD...THE RUSH TO SILVER!

SILVER THREAD AMONG THE GOLD -THE RUSH TO SILVER!

By: CliffMickelson
Date: Thursday, 1 June 2006, 3:49 p.m.

Greetings, Buffy, Vlad, and Others With a Stake in Silver:

Sewn in among the recent,(and, in my opinion, overdue) threads that weave themselves through the fabric of the current pull back in silver prices, there looms an excellent buying opportunity in the offing.

If the market trend now extant is allowed to run its course without any external political or Earth events creating unanticipated input, I recommend waiting a few more days to reenter the fray as it may be that prices will continue to level or further retreat until they hit support at about the $10.90 range.

Currently at $12.01, silver is still a good long term buy.

However, for those with a bit more risk-taking elan in their blood, I say that it may be worth holding aloof for those few days more, and then buying as much hard stock as you are comfortable with in the $10.90 to $11.50 range.

It remains highly likely that, having caught its breath, silver will begin its accent once again within the next ten days.

Keep in mind that silver often maintains a 'knee-jerk' relationship to activity in the gold market and that currently gold is being savaged by some very high powered players with an excess of paper to throw at it and a dearth of morality to guide their aim.

Nonetheless....

Barring the discovery of a new Comstock lode in Outer Slobovia, the days of 'Under $10 silver' are gone for the near and foreseeable future.

Expect to see an ounce at $20 by year's end and possibly even by the end of summer.

The future of the Gold issue is another story. It is one that is coterminous with silver but is also a bit more complex. I will delve into at another time.

-CliffMickelson