Re: Cross your fingers and toes. Hope he's right.
Long term the sky is the limit, but short term anything is possible.
If a person buys silver and puts it away and doesn't watch the day to day price movements all will be fine. But if you check the price everyday it can be a real pain to see the price crash after you bought a bunch.
I personally believe we will see 30 or a bit lower before 50 again. I am hoping at least because I will buy again if I can get some at those prices.
If the stock market keeps falling, I expect silver and eventually gold to take a hit as the institutional traders sell their profitable positions (PMs) to make up for their stock losses.
But the way things go the stock market could spike right back up tomorrow. Who really knows?
Jim