Quote Originally Posted by gunDriller View Post
the Cartel worked very hard to push silver into the $27's and gold below $1600.

looks like they've been resting recently.

next week is options expiry.

i think they'll make another push, and try to get gold down to $1620 and silver back to the $28's.
I think that it is certainly possible for silver to go back down and retest the $26 support level between now and year's end. If silver ever made another run to $50, then margin rates would get raised and the JPM shorts would just smack silver back down if/when it got in the high $48/low $49 range. This would be a replay of last year if silver got that high.