Gold and Silver prices slammed down!

Gold Price Chart

A definite must-not-miss opportunity to really get into Gold and Silver investing. As of this weekend, Silver closed at USD25.85/oz and Gold at USD1477/oz

I previously mentioned that there could be a potential that Silver could hit a low before shooting upwards, in a short squeeze scenario. However, even at current prices, Gold and Silver has hit the support lines, and are at 2010 lows. Collection should be done now, but one should only invest up to half the amount they had in mind, and leave the remaining to collect at prices lower, should it  go lower. Silver at any price below USD35 is a good buy, and Gold at any price below USD1800 is a good buy. 

Predictions however put Silver at USD21 and Gold at USD1200-1300 range, should the support line be broken.

Silver Price Chart

My personal prediction is that Silver will be pushed just a little below USD25, to wipe out the paper contracts taking a long position, before the price heads upwards. Good buying opportunities for Gold & Silver in between the two support lines.