SLV @ 34.45

There's no shortage of silver price predictions these days.  Some that have not been found wrong before the ink dried are here and here and here.  No predictions from me, but I intend to begin buying silver if and when the price of SLV is below 34.45.  That, my friends, is the magic number, chosen for it's purity, it's balance, it's strength.  I may play 3445 in the lottery tomorrow just to double my winnings.

Taking a wider view, who waved the magic wand?  Inflation concerns have turned on a dime and deflation now has the spotlight.  Commodities, equities, and most other asset classes have gone south with bonds of all things being a notable exception.  News of a faltering economy has grabbed the headlines.  GDP is falling, unemployment is rising.  More such news is on tap for bad economic news is the wellspring for "quantitative easing" and we must have more quantitative easing (money printing).  The Federal Reserve engineered boom - bust cycle gets shorter and shorter with each iteration.  Ben, when are you going to put a stop to this careening wreck of a freight train? 

Silver will rise in price and the dollar will depreciate once the need for QE III is overwhelmingly viewed as necessary.  Couple of months ought to do the trick.