Thursday, January 20, 2011

20 percent correction?

Silver prices may retreat as much as 20 percent this year as soaring demand for physical metal signals a “crowded” trade, said Barry James, the chief executive officer of James Investment Research Inc.
I find this guy lacking. Why would it fall because of demand? I read further that it's the JPMorgue who is continuing to unwind it's short position. Figure that the metals will continue lower as they break under support.

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