Hi Ho "SILVER"

[Skol]

Well I'm more than happy if you want to give me higher odds 2:1($200 return if I'm right) or is the fact your scared I might be yet right again in 2012..that you need a massive 70% advantage to start with LOL ...

Yeah, OK, $200 it is.

I hope you've managed to unload your 1500 oz, I think this is 'it'.

[Pumice]

What was the 2011 bet between you guys?

[Skol]

What was the 2011 bet between you guys?

That silver will finish the year above/below $26.70. Gripping isn't it?

[Pumice]

3 days of trading to go. should be a nail biter.
Gold and silver are both looking pretty bearish.
Given the calls of $5/10,000 an ounce for XAU and $200 for XAG the fact you are even close to your target must be a shock to some and painful to those that got in on the hype.

This could be the year for a big resurgence in the USD.

[Skol]

Yes, if JB Murc is to win in 2012, silver will have to nearly double. It's only done that once before in a calendar year, 1979.

That was one of the most insane manias in history, it went up 4.7 times, followed by a tremendous crash, possibly only beaten by the tulip bulb mania.

[Pumice]

$26.30 and falling.
Not looking good for Silver. Potentially will lose half its value in 8 short months.

[Skol]

Silver is headed south in a big way, the 50 Day MA crossed the 200 Day MA around Nov 10, a very bearish sign, the 'death cross' formation.

Silver down 12% YTD.

[drillfix]

the 50 Day MA crossed the 200 Day MA around Nov 10, a very bearish sign, the 'death cross' formation.

Skol,

For the short term absolutely, but lets not worry about tomorrow or the next few days too much.

As the weekly chart to view the medium term outlook with regards to EMA crossing and the 50 and 200 are still in order, however the 13ema an 30 ema have crossed which is obviously showing and confirming the current weakness in silver price.

So just a heads up towards daily chart views as they can sometimes get carried away only for a weekly chart to prevail in the medium term.

Back to that little comp between you and JB, well, wow, yes indeed close as can be, and in some ways, its right on or approximately an intermediate support level on the weekly chart.

So, nice call for $26.70, yet by the end of year, its like you both will be right, wrong, right and wrong until the short term direction finds a base which is about the zone...LOL

Classic close really as most folks would have thought the spread may be 5 or 10 bucks, but to have it down to cents is most entertaining indeed

[corran]

the mid session price for silver was right around $26.70! Slightly higher now.

all comes down to tomorrow. Classic.

I'll be watching (with a glass of wine) with interest :-)

[skid]

maybe it will finish at $26.70