What will the US Debt Downgrade do to PM prices?
I'm curious what you all think will happen to PM prices on Monday, Rest of Week, End of Month and End of Year?
My predictions for Silver:
Monday I expect some volatility for sure but think it will stay in the $40 range.
Rest of Week I expect to be up about $3-$4.
End of Month I'm looking for $40 to $48 and perhaps slightly above $50.
End of Year I think we'll see $80-$85. Perhaps more if QE III is announced/proven.
It's certainly going to get very interesting. Debt Downgrade and now Germany is balking at the idea of bailing Italy out now.
Bill
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