Silver Looks Very Bearish

(or bullish) depends on your frame of reference. :-)

Some claim this is an opportunity to invest in silver coins and other related bullion.  Based on the ability of the USA to continually print money I think the US DOLLAR is here to stay, although it may be devalued.  Nevertheless the US DOLLAR is here to stay as the world currency:

Others are saying that SILVER is going to $200 in 24 months such as at this LINK:  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/9_Stephen_Leeb_-_Silver_to_Hit_$200_Within_24_Months.html

I think the path of least resistance is looking better for $20.00 than it is for $200.00.  And JPM hasn't crashed yet either.  If I see SILVER move above $68 here soon then I will be convinced it will go higher.  

I have been chided here by some readers as if I have a position in this metal.  I do not.  I am simply on the sidelines with silver and watching the final outcome.   

I am interested in COMMENTS from readers here as to what is your thoughts and perhaps price analysis on silver especially as some such as Marc Faber have said that GOLD and SILVER are currently OVERBOUGHT.

...developing...